Cheapest car insurance companies in Providence 

State Farm and Progressive have the cheapest car insurance premiums for Providence drivers in 2023, based on a data study by Insurance.com. 

State Farm is the cheapest option for most Providence drivers, with an average annual rate of $1,611

Car insurance prices in Providence can differ based on where you live, your driving history, coverage limit, and your insurance provider. To find the best deal on auto insurance, it's wise to compare quotes from various companies. Below are the companies that offer cheap car insurance to Providence drivers.

CompaniesAverage annual rates
USAA$1,388
State Farm$1,611
Progressive$2,455
Nationwide$2,477
Travelers$2,587
American Family$2,629
Amica Mutual$2,992
Geico$3,094
Allstate$3,951

Cheapest car insurance cost in Providence by Age Group 

State Farm is the cheapest option for car insurance in Providence for teen drivers, with average annual premiums at just $4,537 annually. Teenagers face high insurance costs due to inexperience and higher accident rates.

However, teen drivers who maintain good grades or stay on their parent's policy can qualify for significant insurance discounts.

USAA is the cheapest car insurance company for young adults. It offers full coverage auto insurance for young drivers in Providence at about $2,509 per year

An analysis of car insurance rates for Providence drivers reveal a significant decrease in premiums for individuals in their 30s compared to those in their 20s. USAA offers the cheapest full-coverage car insurance rates at $1,425 per year.

USAA is the cheapest option for senior drivers in Providence, with an average premium of $1,459 a year, significantly lower than most competitors, based on Insurance.com's in-depth data analysis. 

CompanyTeensYoung AdultsAdultsSeniors
FarmersN/AN/A$4,040$4,190
TravelersN/A$3,741$2,548$3,019
State Farm$4,537$2,766$1,606$1,615
USAA$7,315$2,509$1,425$1,459
Nationwide$8,509$4,243$2,428$2,342
American Family$8,579$4,596$2,748$2,973
Progressive$9,308$4,357$2,494$2,643
Geico$9,531$4,774$3,135$3,103
Allstate$10,801$5,553$4,092$3,967
Amica Mutual$16,559$4,483$2,943$3,342

Cheapest car insurance companies in Providence by driver profile 

Car insurance rates in Providence vary by driver profile. Drivers with a history of accidents or tickets on their record will likely pay more for car insurance than those without any driving violations

Comparison shopping is the key to getting the cheapest car insurance rates in Providence. By comparing rates from multiple providers, you ensure you're getting the coverage you need at an affordable price.

Here are some of the cheapest car insurance companies in Providence based on driver profile. 

Drivers in Providence with poor credit can get the cheapest car insurance from Geico at an average cost of $2,049 a year, according to a data study by Insurance.com.

Below is a list of carriers that offer car insurance at an affordable rate for drivers with poor or less-than-perfect credit scores. 

CompanyAverage annual rates
Geico$2,049
USAA$2,763
State Farm$2,795
Travelers$3,251
Nationwide$3,497
Progressive$4,438
Allstate$7,618

State Farm offers the cheapest auto insurance rates for drivers with a speeding ticket in Providence. It provides full coverage car insurance for drivers aged 30 at about $1,358 per year

Remember that the cheapest car insurance company for you may not be the cheapest company for someone else. Ensure you compare car insurance quotes from various carriers to secure the most favorable deal. This way, you can find the insurance company that offers the best rates and coverage for your specific needs. 

CompanyAverage annual premium
State Farm$1,358
USAA$1,614
Travelers$2,678
Geico$2,726
Nationwide$3,530
Progressive$3,798
Allstate$5,016

Looking for affordable car insurance rates after an at-fault accident? It can be a challenge, but with comparison shopping, you might find a policy that suits your budget.

Drivers in Providence with at-fault accidents on their driving records can find the cheapest car insurance rates with USAA. Its full coverage policy costs an average of $1,281 annually.

CompanyAverage annual rates
USAA$1,281
State Farm$1,476
Geico$1,876
Travelers$2,393
Progressive$2,697
Nationwide$2,769
Allstate$4,701

Among the carriers analyzed, State Farm offers the cheapest auto insurance premiums for drivers with a DUI in Providence. On average, its annual full coverage rate is $1,358, making it a significantly cheaper option than other insurance providers.

A DUI conviction typically leads to a rise in your auto insurance costs. But if you shop around and compare quotes from various insurers, you can find a good deal on your insurance premiums. 

CompanyAverage annual rates
State Farm$1,358
USAA$2,700
Travelers$3,127
Progressive$3,977
Nationwide$5,722
Geico$6,299
Allstate$6,830

Average car insurance cost in Providence 

The average car insurance rate in Providence for full coverage is $2,495 per year or $208 a month. These rates are for coverage levels of 100/300/100. Whereas the average rate for state minimum coverage in Providence is $819 per year. 

Full coverage insurance costs more than the state minimum, but it provides comprehensive coverage for your car and coverage for other driver’s vehicle. To reduce your premium, you might want to compare quotes from various insurance companies.

Average annual RatesState minimum average
$2,495$819

Methodology

Insurance.com commissioned 2023 data for the cheapest car insurance rates in cities from Quadrant Data Services for all 50 states and Washington D.C. Rates are based on the following profile:

  • 40-year-old male driver
  • Honda Accord LX
  • 12-mile daily commute, 10,000 annual miles
  • Good credit
  • Clean record

While the rates for drivers with poor credit, speeding tickets, DUI and at-fault accidents were sourced from the Auto Problems Report 2023.

Rates are based on coverage limits of:

  • $100,000 bodily injury per person
  • $300,000 bodily injury per accident
  • $100,000 property damage per accident
  • $500 comprehensive and collision deductible

Insurance.com analyzed rates from over 34,000 ZIP codes, 56 million quotes, and 136 companies. Based on the analysis, we have created lists of the cheapest companies for different driver profiles. USAA also made it to the list, but it offers services only to current and former military members and their families. Rates sourced from Quadrant Data Services for comparison purposes only; your rates may differ.

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