Would you like to find lower-priced auto insurance rates in Providence, RI? Are you sick and tired of being strong-armed to make your auto insurance payment? You are no different than many other vehicle owners in Rhode Island.
A recent study showed that nearly 70% of consumers have been with the same company for a minimum of four years, and almost half have never taken the time to shop around. Many drivers in Providence could save an average of almost $210 each year just by comparing rates, but most undervalue how much savings they would realize if they switch to a new company. With vehicle owners having so many auto insurance companies to choose from, it's difficult to locate the lowest cost insurer.
Auto insurance companies in Providence
The companies shown below can provide price comparisons in Providence, RI. If more than one company is shown, it's a good idea that you click on several of them to find the lowest auto insurance rates.
|Make, Model, and Trim Level||Annual Policy Premium||6-month Policy Premium||Monthly Premium|
|Chevrolet Colorado LT 4WD||$944||$472||$79|
|Chevrolet Equinox LS AWD||$1,238||$619||$103|
|Chevrolet Impala LT||$944||$472||$79|
|Chevrolet Silverado LTZ Crew Cab 2WD||$1,618||$809||$135|
|Dodge Grand Caravan SE||$1,144||$572||$95|
|Dodge Ram Quad Cab ST 4WD||$1,748||$874||$146|
|Ford Escape XLS 2WD||$1,078||$539||$90|
|Ford Explorer XLT 2WD||$1,474||$737||$123|
|Ford F-150 XL Super Cab 2WD||$978||$489||$82|
|Ford Focus SES 4-Dr Sedan||$1,112||$556||$93|
|Honda Accord EX-L 4-Dr Sedan||$1,280||$640||$107|
|Honda CR-V EX-L 4WD||$1,516||$758||$126|
|Honda Civic EX 4-Dr Sedan||$1,306||$653||$109|
|Honda Odyssey EX||$1,302||$651||$109|
|Jeep Grand Cherokee Limited 2WD||$1,562||$781||$130|
|Nissan Altima 3.5 SR 2-Dr Coupe||$1,484||$742||$124|
|Toyota Camry Hybrid||$1,444||$722||$120|
|Toyota Corolla XLE||$1,194||$597||$100|
|Get Your Own Custom Quote Go|
Data variables include single male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Rhode Island minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, homeowner, and multi-vehicle. Premium amounts do not factor in vehicle location which can lower or raise auto insurance rates greatly.
How careless driving impacts auto insurance rates
The example below demonstrates how speeding tickets and at-fault accidents can raise Nissan Altima insurance premiums for each different age group. The prices are based on a single female driver, full coverage, $1,000 deductibles, and no additional discounts are factored in.
Nissan Altima rates are for example purposes only. To get rates for your specific vehicle, click here.
Price comparison of only insuring for liability
The example below examines Hyundai Sonata insurance prices with liability coverage only compared to full coverage. The rate quotes are based on no tickets, no at-fault accidents, $500 deductibles, married male driver, and no discounts are taken into consideration.
Hyundai Sonata rates are for example purposes only. To get rates for your specific vehicle, click here.
Should you buy full coverage or liability only?
There is no clear-cut formula to delete full coverage, but there is a general convention. If the annual cost of having full coverage is about 10% or more of any settlement you would receive from your insurance company, then it may be the right time to buy liability only.
For example, let's say your Hyundai Sonata book value is $5,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $4,000 after the deductible is paid. If you are paying more than $400 a year for your policy with full coverage, then it might be time to consider dropping full coverage.
There are some situations where dropping physical damage coverage is not advised. If you still have a loan on your vehicle, you are required to maintain full coverage as part of the loan conditions. Also, if you don't have enough money to buy a different vehicle in the even your car is totaled, you should not remove full coverage.
Determine discounts to get cheap Providence auto insurance quotes
Companies don't list every discount they offer in a way that's easy to find, so the next list breaks down a few of the more common and also the lesser-known credits available to bring down your rates.
- Savings for New Vehicles - Buying coverage on a new vehicle is cheaper because new vehicles keep occupants safer.
- Memberships - Participating in specific professional or occupational memberships or organizations can get you a small discount on your next renewal.
- Early Switch Discount - Select insurance companies give a discount for renewing your policy before your current coverage expires. It could save around 10% when you buy Providence car insurance online.
- Low Mileage - Fewer annual miles can earn substantially lower rates.
- Senior Discount - Drivers over the age of 55 are able to get reduced rates.
- E-sign Discounts - Certain insurance companies give back up to $50 get Providence car insurance on their website.
- Multiple Vehicles - Having more than one vehicle on one policy can get a discount for every vehicle.
We need to note that some credits don't apply to the entire policy premium. Most only apply to individual premiums such as liability and collision coverage. Despite the fact that it seems like you could get a free auto insurance policy, companies don't profit that way.
To view providers with discount auto insurance rates in Rhode Island, click here.
You may need advice from a local insurance agent
Many people still like to have an agent's advice and that is OK! Most agents can point out coverage gaps and give you someone to call. One of the benefits of getting online price quotes is the fact that drivers can get the best rates and still have an agent to talk to. Buying from local insurance agencies is important particularly in Providence.
To make it easy to find an agent, after completing this form (opens in new window), your insurance data is instantly submitted to local insurance agents that give free quotes for your insurance coverage. You don't have to leave your house because quoted prices will be sent straight to your inbox. If you have a need to quote rates from a specific insurance company, feel free to find their quoting web page to submit a rate quote request.
If you are wanting to find a local insurance agency, there are a couple of different types of agents that you can choose from. Insurance agents can be classified as either independent agents or exclusive agents. Both provide insurance policies, but it is a good idea to know why they differ since it can impact your selection of an agent.
Independent insurance agents are not required to write business for one company and that allows them to write policies with any number of different companies and get you the best rates possible. If they find a cheaper price, your agent can just switch to a different company and you don't have to switch agencies.
When comparing insurance rates, you need to get rate quotes from several independent insurance agents in order to compare the most rates.
Listed below are Providence independent insurance agencies who can help you get free price quotes.
Rhode Island SR22 Insurance - Select Insurance Group
Dorrance St - Providence, RI 02903 - (855) 438-7353 - View Map
Agents in the exclusive channel can usually just insure with one company such as Allstate, Farmers Insurance or State Farm. They usually cannot provide other company's prices so you need to shop around if the rates are high. They are well schooled on sales techniques which can be an advantage.
Listed below are Providence exclusive insurance agencies who can help you get price quote information.
Finding the right insurance agent needs to be determined by more than just a low price. These are valid questions to ask:
- Are they able to provide referrals?
- Do the companies they represent have a solid financial rating?
- Is there a 24/7 contact number?
- Are they full-time agents?
- Where are claims handled?
- Can glass repairs be made at your home?
- What insurance company do they write the most business with?
Upon receiving positive feedback to your questions and cheap Providence car insurance quotes, you may have found an insurance agency that meets the criteria to adequately provide insurance.
But they said I'd save $411 a year!
Rhode Island consumers can't get away from all the ads for cheaper auto insurance by companies like 21st Century, Allstate and State Farm. All the companies have a common claim about how much you will save if you get a free Providence car insurance quote and switch to them.
How can each company give you a better price on auto insurance? You have to listen carefully.
Companies have an ideal profile for the type of driver that will most likely be profitable. For instance, a desirable insured could possibly be between the ages of 40 and 55, has a clear driving record, and drives a vehicle with a low ISO rating. A driver who fits that profile receive the lowest rate quotes in Providence as well as save quite a bit of money when switching.
Insureds who are not a match for this stringent profile may be forced to pay a higher premium which leads to business not being written. If you pay close attention to the ads, they say "drivers who switch" not "all people who quote" save that much money. That is how companies can truthfully state the savings.
Different companies use different criteria so it is so important to get Providence car insurance quotes as often as possible. You cannot predict with any certainty which company will fit your personal profile best.
In the end, you can save money
A few companies may not have online quoting and usually these small, regional companies work with independent insurance agencies. Low-cost insurance in Providence can be sourced online and with local Providence insurance agents, and you need to price shop both to have the best selection.
When shopping online for insurance, never skimp on coverage in order to save money. There are too many instances where consumers will sacrifice collision coverage and found out when filing a claim that the few dollars in savings costed them thousands. Your focus should be to purchase plenty of coverage at the best cost, not the least amount of coverage.
To read more, take a look at these articles:
- Young Drivers: The High Risk Years Video (iihs.org)
- Who Has Affordable Rhode Island Car Insurance for a School Permit? (FAQ)
- Who Has the Cheapest Car Insurance Rates for Active Military in Rhode Island? (FAQ)
- Who Has Affordable Car Insurance with Multiple Speeding Tickets in Rhode Island? (FAQ)
- Side Impact Crash Tests (iihs.org)
- Auto Insurance Basics (Insurance Information Institute)
- Auto Theft Statistics (Insurance Information Institute)