Cheap Auto Insurance Quotes for High Risk Drivers in Rhode Island

Since we’re writing about car insurance, the words “affordable” or “cheap” shouldn’t be used as a descriptor for auto insurance rates. Sad but true, cheap car insurance for high risk drivers can be difficult to find. Don’t let that ruin your day, because we can show you some ways you can find and buy insurance that won’t break your budget.

The model of vehicle requiring insurance is probably the largest consideration when comparing cheap auto insurance for high risk drivers in Rhode Island. Vehicles with high performance engines, a lack of safety features, or high incidents of liability claims will cost more to insure than safer models.

The next tables illustrates auto insurance rates for the most affordable vehicles to insure in Rhode Island.

Data variables include single male driver age 50, two speeding tickets, two at-fault accidents, $1000 deductibles, and Rhode Island minimum liability limits. Discounts applied include multi-vehicle, homeowner, and multi-policy. Estimates do not factor in vehicle location which can lower or raise price quotes significantly.

Data rating is based on single male driver age 50, two speeding tickets, two at-fault accidents, $1000 deductibles, and Rhode Island minimum liability limits. Discounts applied include multi-policy, homeowner, and multi-vehicle. Price estimates do not factor in garaging location in Rhode Island which can impact rates considerably.

Cost estimates assume single male driver age 50, two speeding tickets, two at-fault accidents, $1000 deductibles, and Rhode Island minimum liability limits. Discounts applied include homeowner, multi-vehicle, and multi-policy. Rate quotes do not factor in specific location information which can decrease or increase coverage prices significantly.

Comparing rates for low-cost car insurance is not most people’s favorite thing to do, and deciding which company quotes the lowest-priced insurance rates for high risk drivers takes a little more work. Premiums will most likely be quite a bit pricier than the average rate in Rhode Island, with the extra cost attributed to the additional risk related to selling coverage for high risk drivers, but competitively-priced insurance should be attainable if you are thorough. Each auto insurance company uses their own method to determine rates, so first let’s look at the rankings for the insurance companies with the overall cheapest rates in Rhode Island.

It’s important to understand that Rhode Island insurance rates are influenced by many factors that will increase or decrease the cost of having a policy. That is why consumers need to shop around with many companies when trying to get affordable insurance quotes for high risk drivers. Rates can be determined by many things and can increase or decrease at any time, so the most affordable company three years ago may now be one of the higher cost companies.

 

USAA quotes some of the cheapest car insurance rates in Rhode Island at around $719 each year. State Farm, Travelers, Progressive, and Amica are also some of the cheaper Rhode Island insurance companies.

As shown above, if you are a customer of Progressive and switched to State Farm, you may see yearly savings of about $356. Drivers with Amica might save as much as $369 a year, and Quincy Mutual policyholders might see rate reductions of $467 a year.

To find cheap auto insurance for high risk drivers in Rhode Island for your vehicle, click here or visit any of the low-priced companies below.

Remember that these policy rates are averaged across all drivers and vehicles in Rhode Island and are not factoring in a price increase for high risk drivers. So the car insurance company that has the lowest price for you may not even be featured in the above rate chart. That point stresses why you need to quote rates from many companies using your own driver information and specific vehicle type.

For high risk drivers, one of the more important considerations that control the policy price is the neighborhood you call home. Areas with more people or more claims like Providence, Pawtucket, and East Providence tend to have higher rates, whereas areas with less traffic congestion and claims have the luxury of lower rates.

The following table lists the higher priced cities in Rhode Island for high risk drivers to buy an auto insurance policy in.

Premium amounts are approximated as the specific Rhode Island residence address can decrease or increase prices greatly.

Get discounts on Rhode Island car insurance rates

Insurance providers that offer cheap auto insurance for high risk drivers in Rhode Island may provide policy discounts that can lower rates by 25% or more if you meet specific criteria. Companies and a partial list of their discounts can be found below.

The chart below visualizes the comparison of auto insurance costs with and without discounts applied to the policy premium. The information is based on a male driver, two speeding tickets and one accident, Rhode Island state minimum liability limits, full physical damage coverage, and $100 deductibles.

The first bar for each age group shows insurance cost with no discounts. The second bar shows the rates with continuous coverage, multiple vehicle, paid-in-full, anti-theft, paperless filing, and marriage discounts applied. With discounts applied, the average yearly reduction on insurance for high risk drivers is 43% or $773.

Ending up with the right insurance company can be a challenge considering how many different companies insure vehicles in Rhode Island. The company ratings shown next could help you pick which companies to look at comparing rates with.

These ratings are only comprised of the largest companies in America, so companies that focus mainly on Rhode Island business will not be included in these rankings. If you would like to check rates from these companies and more, click here.

Why you should compare rates

Rhode Island insurance rates are determined by lots of factors which can substantially decrease or increase the price you have to pay for coverage. Simply turning a year older, filing a claim, or having an accident can trigger changes in premium that can now make some companies more affordable than competitors.

Not only may things change on your end, but insurers change prices without warning to adjust for unexpected claims or profits. Higher than normal claims can cause more expensive prices, while profitable underwriting can result in lower-priced Rhode Island car insurance rates.

For example, the graph below shows which company has the cheapest car insurance in Rhode Island for a 35-year-old female driver with a clear driving record, no claims, and good financial standing. If we look at prices based on her current risk profile, USAA quotes the most affordable car insurance rates in Rhode Island at $705 a year. This is $1,374 less than the average premium paid by Rhode Island drivers of $2,079. State Farm, Travelers, Amica, and Progressive also make the list of the best Rhode Island auto insurance companies.

In this next rate comparison, we will give the driver from the first set of rates a claim, less-than-perfect credit, and a speeding citation. Due to the fact that every auto insurer has a unique approach for establishing rates, comparing prices may result in a different list of cheap Rhode Island auto insurance companies as shown below.

USAA now has the cheapest rate in Rhode Island with State Farm, Travelers, Peerless, and Amica completing the list. This example shows why it is crucial to compare as many rates as possible when trying to get affordable car insurance quotes for high risk drivers. Auto insurance prices are influenced by many factors and can change substantially, so the lowest-price company three years ago may now be priced much higher than other options.

Who has the cheapest insurance quotes for high risk drivers?

You have a lot of ways to compare cheaper insurance rates in Rhode Island, but the most prevalent are through an exclusive insurance agency such as Auto-Owners or State Farm, a non-exclusive or independent agent, or from a direct company like Geico or Progressive.

You can use whichever you prefer, but they differ in how they price policies.

Independent insurance agents work for many companies and can get rate quotes from each one. These types of agencies can provide you with more rate quotes, which can help you get the best idea of how your rates compare. If premiums increase, it’s easy for the agent to move the policy without having to get a different agent.

An exclusive ageny is only able to place business with a single company such as a State Farm or Farmers agent. Exclusive agents normally do not have the ability to compare rates from other companies, so it’s a good idea to get additional price quotes.

The third popular method of shopping for insurance is direct, which means you forego a local agent and instead shop direct either online or via phone. Buying direct is good for consumers who do not need complex risk management and have an above average understanding of how insurance works.

Which method is best to find cheap auto insurance for high risk drivers in Rhode Island? Most people assume that buying from a direct company yields the cheapest rates because there is no agent taking a commission, but that generally is not the case. And we’d like to say going through an independent agent guarantees the best prices since they can provide multiple quotes, but that idea is not necessarily true either. And occasionally, exclusive agents may have prices that other companies cannot beat.

Since insurance prices are based on many different factors, the only true way to ensure you are not overpaying for insurance is to get rate quotes and compare. It’s recommended that drivers get quotes from all three types to give yourself enough choices. For a list of companies offering online discounts, click here to view.