State Farm offers the cheapest auto insurance at $1,101 per year or $92 monthly, on average. If you’re eligible, you can get cheaper rates at USAA, where the average is $962 a year. Both are below the average Rhode Island car insurance rate of $1,717 a year.
Cheap isn’t everything; however, an Insurance.com analysis of rates, complaints, and financial stability found State Farm to be the best insurance company in Rhode Island and the cheapest, too.
Many factors go into your insurance premium. Insurance companies use your driving record, the type of car you drive, and the coverage you select to determine your average annual car insurance cost.
Read on to compare Rhode Island insurance rates by company, age, and more.
Key takeaways
- State Farm is the best car insurance company in Rhode Island overall, with below-average rates and a low complaint ratio.
- State Farm is also the cheapest car insurance company for all residents in Rhode Island at $1,101 per year.
- USAA has cheaper rates if you qualify.
- Average cost of car insurance in Rhode Island
- Best car insurance companies in Rhode Island
- Cheapest car insurance companies in Rhode Island
- Cheapest car insurance cost in Rhode Island by age
- Cheapest car insurance companies in Rhode Island by driver profile
- Methodology
- Compare auto insurance rates by city in Rhode Island
Average cost of car insurance in Rhode Island
The average car insurance rate in Rhode Island is $1,717 a year for a full coverage policy with a coverage level of 100/300/100 for a driver age 40, according to a rate analysis by Insurance.com. For the state minimum coverage, the average annual cost in Rhode Island is $593.
Best car insurance companies in Rhode Island
State Farm is the best car insurance company in Rhode Island, based on a 2023 analysis by Insurance.com, with an overall rating of 4.59. USAA came in second.
Below is a full list of the top Rhode Island insurance companies based on price, NAIC complaint ratio, and AM Best financial ratings. The total Insurance.com score is calculated out of five using these factors.
| Insurance company | AM Best | Average annual rate | NAIC Complaint ratio | Insurance.com score |
|---|---|---|---|---|
| State Farm | A++ | $ 1,101 | 0.52 | 4.59 |
| USAA | A++ | $ 962 | 0.99 | 4.03 |
| Geico | A++ | $ 1,692 | 0.77 | 3.92 |
| Nationwide | A+ | $ 1,864 | 0.66 | 3.71 |
| American Family | A | $ 1,757 | 0.57 | 3.68 |
| Progressive | A+ | $ 1,962 | 0.73 | 3.49 |
| Travelers | A++ | $ 1,552 | 1.03 | 3.49 |
| Amica Mutual | A+ | $ 1,792 | 0.95 | 3.17 |
| Allstate | A+ | $ 2,772 | 0.95 | 2.41 |
USAA offers car insurance only to military members, veterans and their families.
Cheapest car insurance companies in Rhode Island
Don't just go with the first insurer you come across. Comparison shopping is the key when it comes to finding the best deal on auto insurance. Get quotes from several different insurers and compare their rates. You may be surprised at how much difference there can be in rates from one company to another.
We have gathered price quotes from all the major insurance providers in Rhode Island and put together a list of the cheapest car insurance companies. Based on a rate analysis by Insurance.com, USAA is the cheapest auto insurance company in Rhode Island but is only available to military members, veterans, and their families, with average rates of $962 annually or $80 a month for full coverage. State Farm is the cheapest company that is open to all drivers, with an average annual rate of $1,101 for full coverage in Rhode Island.
| Company | State minimum | 50/100/50 liability only | 100/300/100 liability with $500 comp/coll deductible |
|---|---|---|---|
| State Farm | $ 327 | $ 412 | $ 1,101 |
| USAA | $ 345 | $ 380 | $ 962 |
| Amica Mutual | $ 499 | $ 666 | $ 1,792 |
| Geico | $ 506 | $ 568 | $ 1,692 |
| Travelers | $ 519 | $ 728 | $ 1,552 |
| American Family | $ 521 | $ 671 | $ 1,757 |
| Progressive | $ 791 | $ 955 | $ 1,962 |
| Allstate | $ 829 | $ 1,048 | $ 2,772 |
| Nationwide | $ 1,004 | $ 1,199 | $ 1,864 |
USAA offers car insurance only to military members, veterans and their families.
Cheapest car insurance cost in Rhode Island by age
In Rhode Island, car insurance rates are higher for teen drivers; they are more likely to cause an accident.
State Farm offers the cheapest car insurance for teen drivers in Rhode Island at $3,100 per year for a full coverage policy.
Car insurance rates will decrease as teens age and keep a good driving record. Car insurance rates for adults 25+ and seniors 60+ are lower than those for teens and young adults.
In Rhode Island, State Farm offers the cheapest full coverage car insurance for adult and senior drivers at $1,114 per year and $1,082 per year, respectively, unless they are eligible for coverage from USAA.
| Age (group) | Company Group | Avg. Annual Premium |
|---|---|---|
| Teens (16-19) | State Farm | $ 3,100 |
| Teens (16-19) | American Family | $ 5,261 |
| Teens (16-19) | USAA | $ 5,311 |
| Teens (16-19) | Geico | $ 5,922 |
| Teens (16-19) | Nationwide | $ 5,928 |
| Teens (16-19) | Allstate | $ 6,585 |
| Teens (16-19) | Amica Mutual | $ 9,705 |
| Teens (16-19) | Progressive | $ 10,272 |
| Teens (16-19) | Travelers | $ 14,170 |
| Young Adults (20-24) | USAA | $ 1,757 |
| Young Adults (20-24) | State Farm | $ 1,896 |
| Young Adults (20-24) | Geico | $ 2,666 |
| Young Adults (20-24) | Travelers | $ 3,047 |
| Young Adults (20-24) | Nationwide | $ 3,052 |
| Young Adults (20-24) | American Family | $ 3,098 |
| Young Adults (20-24) | Amica Mutual | $ 3,319 |
| Young Adults (20-24) | Progressive | $ 3,563 |
| Young Adults (20-24) | Allstate | $ 4,055 |
| Adults (25-55) | USAA | $ 1,004 |
| Adults (25-55) | State Farm | $ 1,114 |
| Adults (25-55) | Travelers | $ 1,504 |
| Adults (25-55) | Geico | $ 1,651 |
| Adults (25-55) | Amica Mutual | $ 1,789 |
| Adults (25-55) | Nationwide | $ 1,857 |
| Adults (25-55) | American Family | $ 1,905 |
| Adults (25-55) | Progressive | $ 2,042 |
| Adults (25-55) | Allstate | $ 2,806 |
| Seniors (60-75) | USAA | $ 1,012 |
| Seniors (60-75) | State Farm | $ 1,082 |
| Seniors (60-75) | Travelers | $ 1,635 |
| Seniors (60-75) | Geico | $ 1,712 |
| Seniors (60-75) | Nationwide | $ 1,753 |
| Seniors (60-75) | American Family | $ 2,009 |
| Seniors (60-75) | Progressive | $ 2,078 |
| Seniors (60-75) | Amica Mutual | $ 2,363 |
| Seniors (60-75) | Allstate | $ 2,918 |
USAA offers car insurance only to military members, veterans and their families.
Cheapest car insurance companies in Rhode Island by driver profile
Drivers who have accidents or tickets are considered a higher risk and will pay more for insurance.
The severity and frequency of the incidents also play a role in the insurance rates. For instance, drivers with a single minor accident will see a smaller rate increase than those with multiple major accidents.
Below are average Rhode Island rates by company for drivers with accidents and tickets on their driving record.
| Company | Clean record | Accident | Ticket |
|---|---|---|---|
| USAA | $ 1,107 | $ 1,107 | $ 1,258 |
| State Farm | $ 1,157 | $ 1,364 | $ 1,157 |
| Travelers | $ 1,639 | $ 1,820 | $ 1,816 |
| Geico | $ 1,729 | $ 2,122 | $ 2,427 |
| American Family | $ 1,878 | $ 2,119 | $ 2,776 |
| Nationwide | $ 1,913 | $ 2,144 | $ 2,269 |
| Progressive | $ 1,981 | $ 2,075 | $ 2,932 |
| Allstate | $ 2,938 | $ 3,366 | $ 3,624 |
*USAA offers car insurance only to military members, veterans and their families.
Methodology
Insurance.com commissioned Quadrant Information Services in 2022 to field rates from up to six major insurers in every state across most ZIP codes. Driver profile: male, age 40, driving 2021 Honda Accord LX with full coverage of 100/300/100 with comprehensive and collision; $500 deductible.
The car insurance rates for drivers with accidents and tickets are averaged based on rates for the following accidents and tickets:
Accidents:
- 1 at-fault property damage accident over $2k
- 1 at-fault property damage accident under $2k
- At-fault bodily injury accident
- Single vehicle accident
Tickets:
- Distracted driving ticket
- Speeding ticket 1- 10 MPH over limit
- Speeding ticket 11- 29 MPH over limit
- Talking on cellphone ticket
- Texting ticket
Insurance.com analyzed rates from more than 34,000 ZIP codes, 56 million quotes, and 136 companies. Rates sourced from Quadrant Data Services are for comparison purposes only; your rates may differ.
