In Rhode Island, buying uninsured motorist coverage is essential, given a high percentage (around 15%) of uninsured drivers. Liability coverage is a must, while uninsured coverage must be offered with liability coverage. As of January 2014, Rhode Island is the 8th most expensive state to buy auto insurance in the United States, after Louisiana, Michigan, Georgia, Oklahoma, Montana, California, and West Virginia.
The average annual insurance rate in Rhode Island is $1735. This is $239 higher than the national average insurance rate. The average rates increase twofold in certain cases, one of them being accidents on your driving record. In Rhode Island, Woonsocket is the cheapest city to buy auto insurance. With an annual average rate of $1386, Woonsocket’s rates are lower than the state average by $349. However, if you’ve been involved in an accident in the past three years, your rates could increase between $1733 and $2079.
Insurance companies usually follow the Insurance Services Office’s (ISO) surcharge policy. The following table shows the increase in rates according to this policy in the different cities in Rhode Island.
|City/ State||Zip code||Average Annual Insurance Rate ($)||Increased premium for a multi-car policy ($)||Increased premium for a single-car policy ($)|
Accidents involving major property damage or serious medical injuries will cost you even more in terms of insurance costs. In Providence, your insurance costs will increase between $3497 and $4662.
A defensive driving course completion certificate may help reduce your insurance costs. However, this reduction is only marginal, and helps very little in the long run. The defensive driving course is still a good choice, since it helps make you a better driver.