Would you prefer to buy cheaper auto insurance rates in Woonsocket, RI? Having to pay for expensive auto insurance in Woonsocket can draw down your accounts and maybe even restrict other spending. Shopping your coverage around is a great way to reduce premiums and put more money in your pocket.

Unbelievable but true, over 70% of Rhode Island drivers kept their coverage with the same auto insurance company for more than four years, and approximately 40% of consumers have never compared rates to find cheap insurance. U.S. insurance shoppers can save up to $860 each year just by shopping around, but most undervalue how much money they would save if they switched to a cheaper policy. You have so many insurance companies to insure vehicles with, and even though it's nice to have a selection, so many choices can make it hard to find a good deal.

Compare Woonsocket insurance price quotes online

The following companies are our best choices to provide free quotes in Rhode Island. If multiple providers are shown, it's a good idea that you visit two to three different companies to find the lowest auto insurance rates.

Insurance Rate Estimates for Popular Vehicles in Woonsocket
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Silverado LS Extended Cab 4WD $1,076 $538 $90
Dodge Grand Caravan Hero $1,384 $692 $115
Dodge Ram Crew Cab Sport 4WD $1,318 $659 $110
Ford Escape XLT 4WD $1,248 $624 $104
Ford Explorer XLT 2WD $1,254 $627 $105
Ford F-150 XLT Regular Cab 4WD $1,170 $585 $98
Ford Focus SE 4-Dr Sedan $1,564 $782 $130
Honda Accord EX-L 4-Dr Sedan $1,500 $750 $125
Honda CR-V EX 2WD $890 $445 $74
Honda Civic SI 2-Dr Coupe $1,840 $920 $153
Hyundai Elantra Blue 4-Dr Sedan $1,814 $907 $151
Hyundai Sonata SE 4-Dr Sedan $1,336 $668 $111
Mazda 3 I Sport 4-Dr Sedan $1,742 $871 $145
Nissan Altima 2.5 S 4-Dr Sedan $1,530 $765 $128
Toyota Camry Hybrid $1,276 $638 $106
Toyota Corolla S $1,504 $752 $125
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Cost estimates assume married female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Rhode Island minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, multi-policy, and claim-free. Premium amounts do not factor in Woonsocket location which can affect coverage prices greatly.

Deductible comparison

One of the most common auto insurance questions is how high should the deductibles for physical damage be. The premium rates below may aid in understanding the differences in premium rates between low and high comp and collision deductibles. The first data table uses a $250 deductible for physical damage and the second rate chart uses a $1,000 deductible.

Chevrolet Tahoe rates are for example purposes only. To get rates for your specific vehicle, click here.

Chevrolet Tahoe insurance premium rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Tahoe LS 2WD $314 $528 $406 $24 $122 $1,419 $118
Tahoe LS 4WD $354 $528 $406 $24 $122 $1,459 $122
Tahoe LT 2WD $354 $528 $406 $24 $122 $1,459 $122
Tahoe LT 4WD $354 $528 $406 $24 $122 $1,459 $122
Tahoe LTZ 2WD $354 $622 $406 $24 $122 $1,553 $129
Tahoe LTZ 4WD $354 $622 $406 $24 $122 $1,553 $129
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Chevrolet Tahoe insurance premium rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Tahoe LS 2WD $194 $332 $406 $24 $122 $1,078 $90
Tahoe LS 4WD $218 $332 $406 $24 $122 $1,102 $92
Tahoe LT 2WD $218 $332 $406 $24 $122 $1,102 $92
Tahoe LT 4WD $218 $332 $406 $24 $122 $1,102 $92
Tahoe LTZ 2WD $218 $392 $406 $24 $122 $1,162 $97
Tahoe LTZ 4WD $218 $392 $406 $24 $122 $1,162 $97
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Rhode Island minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, claim-free, and safe-driver. Rates do not factor in specific location information which can raise or lower prices noticeably.

Based on this data, using a $250 deductible will cost in the ballpark of $31 more each month or $372 every year than opting for the higher $1,000 deductible. Since you would have to pay $750 more if you file a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to average at a minimum 24 months between claims, you would probably be better off by selecting a higher deductible.

Does it make sense to buy full coverage?

The example below shows the comparison of Ford Fusion annual premium costs when comparing full coverage to state minimum liability only. The costs are based on no claims or violations, $100 deductibles, single male driver, and no discounts are taken into consideration.

Ford Fusion rates are for example purposes only. To get rates for your specific vehicle, click here.

Are you wasting money paying for full coverage?

There is no definitive rule to eliminate comprehensive and collision coverage on your policy, but there is a general guideline you can use. If the annual cost of having full coverage is more than around 10% of the replacement cost minus the deductible, then you might want to think about dropping full coverage.

For example, let's assume your Ford Fusion settlement value is $7,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most you would receive is $6,000 after paying your policy deductible. If premium cost is more than $600 annually for your policy with full coverage, then you may want to consider only buying liability coverage.

There are a few situations where removing full coverage is not recommended. If you haven't satisfied your loan, you have to carry full coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle in case of an accident, you should keep full coverage on your policy.

Rate comparison for different deductibles

The example below shows how different deductible levels and can increase or decrease Kia Optima insurance prices for different ages of insureds. The prices are based on a married male driver, comp and collision included, and no discounts are taken into consideration.

Kia Optima rates are for example purposes only. To get rates for your specific vehicle, click here.

Discounts for lower Woonsocket car insurance rates

Auto insurance companies do not list every policy discount very well, so the next list breaks down both the well known in addition to some of the lesser obvious ways to save on car insurance.Save money with discounts

A quick disclaimer, many deductions do not apply to the entire cost. The majority will only reduce the cost of specific coverages such as liability and collision coverage. Just because it seems like you could get a free car insurance policy, that's just not realistic.

A few popular companies and some of their more popular discounts are detailed below.

Before you buy a policy, ask each insurance company which credits you are entitled to. Some of the discounts discussed earlier may not apply in Woonsocket.

Three reasons to not skimp on car insurance

Even though it can be expensive, insurance may not be optional for several reasons.

The benefits of having insurance definitely exceed the price paid, particularly if you ever have a claim. But the average American driver is currently overpaying as much as $865 each year so you should quote rates at least once a year to make sure the price is not too high.