October 17, 2021

SEO, Wordpress Support & Insurance, Mortgage, Loans, Legal, Etc Blogs

SEO, Wordpress Support & Insurance, Mortgage, Loans, Legal, Etc Blogs

, SEO, Wordpress Support & Insurance, Mortgage, Loans, Legal, Etc Blogs

Auto Insurance for High-Risk Drivers in Rhode Island – Bankrate

Share This :
, SEO, Wordpress Support & Insurance, Mortgage, Loans, Legal, Etc Blogs
, SEO, Wordpress Support & Insurance, Mortgage, Loans, Legal, Etc Blogs

If you have at least one speeding ticket, one accident, one DUI or one insurance-related violation on your driving record, you probably need high-risk auto insurance in Rhode Island. Despite being the smallest state, Rhode Island has its fair share of high-risk driving issues. For example, in 2015, 41% of all car accidents in Rhode Island involved alcohol, which was the third-highest percentage in the country. In 2019, 31.6% of all traffic stops were made for drivers who were violating the speed limit.

Rates for high-risk car insurance in Rhode Island

Car insurance rates in Rhode Island are different for every driver. Insurance companies look at factors like your credit score, claims history, ZIP code and the type of car you drive to calculate your rate. They also look at your age and driving record to determine your level of risk. Drivers who have a speeding ticket, an accident or a DUI on their record or are a newly-licensed teen driver will typically pay the highest rates for high-risk car insurance in Rhode Island.

Rates after a speeding ticket

After a speeding ticket in Rhode Island, your car insurance premium will increase by a minimum of 10%. However, the actual rate increase depends on the insurance company you have. Also keep in mind that the insurance consequences may be more significant if you have multiple speeding tickets on your record. Plus, you will pay a fine after getting a speeding ticket in Rhode Island, which can be expensive depending how fast you were going.

In the table below, we highlighted the average insurance rate increases after one speeding ticket from some of the best car insurance companies in Rhode Island:

Car insurance company Rhode Island average annual premium for full coverage before a speeding ticket Rhode Island average annual premium for full coverage after a speeding ticket % increase
Amica $1,810 $2,203 22%
Geico $1,798 $2,580 44%
Nationwide $1,722 $2,085 21%
Travelers $1,308 $1,874 43%
USAA $1,297 $1,430 10%

Rates after an accident

Getting into an accident in Rhode Island will cause your insurance premium to increase. Even if you did not cause the crash, it is still possible that your rate could go up.

In addition to higher insurance premiums, getting into an accident in Rhode Island has other repercussions. If there are any damages, you will be required to pay your insurance deductible. Depending on the severity of the accident, you may also have to go to court, and you could lose your driving privileges if you have multiple accidents on your record.

The table below includes the average car insurance rate increase after an accident in Rhode Island from some of the most popular providers in the state:

Car insurance company Rhode Island average annual premium for full coverage before an accident Rhode Island average annual premium for full coverage after an accident % increase
Amica $1,810 $2,074 15%
Geico $1,798 $2,524 40%
Nationwide $1,722 $1,752 2%
State Farm $955 $1,253 31%
Travelers $1,308 $1,827 40%

Rates after a DUI

A first-offense DUI is charged as a misdemeanor in Rhode Island. It is one of the most serious traffic violations you can commit, and it will have the biggest impact on your car insurance premium.

Not only will a DUI affect your car insurance rate, but it also has other consequences. You will have to pay a hefty fine and you will lose your driving privileges for a certain period of time. You could also face jail time depending on the severity of the incident. Although some states require drivers to purchase SR-22 insurance after a DUI, Rhode Island does not require it.

The insurance rate increase after a DUI in Rhode Island depends on your insurance company. Here are the average rate increases from some of the biggest insurance providers in Rhode Island:

Car insurance company Rhode Island average annual premium for full coverage before a DUI Rhode Island average annual premium for full coverage after a DUI % increase
Amica $1,810 $4,757 163%
Geico $1,798 $4,227 135%
Nationwide $1,722 $2,978 73%
Travelers $1,308 $2,109 61%
USAA $1,297 $2,360 82%

Rate for teen drivers

Teen drivers have the least amount of experience on the road, and data shows that young drivers are most likely to get into an accident. Therefore, teen drivers often pay expensive rates for Rhode Island high risk auto insurance. In most cases, car insurance premiums start to decrease once a driver reaches their mid-twenties. Here are the average annual premiums for teen drivers from some of the biggest insurance carries in Rhode Island:

Car insurance company Average annual premium for full coverage
Allstate $1,759
Amica $3,206
Geico $2,349
Nationwide $1,188
Progressive $1,833
Quincy Mut Grp $4,365
State Farm $1,426
Travelers $3,242
USAA $2,610

Who is a high-risk driver?

For the purposes of this article, Bankrate’s definition of a high-risk driver is an individual who has an at-fault accident, single speeding ticket, single DUI conviction or lapse in insurance coverage violation on their record. However, the industry-standard definition of a high-risk driver also includes drivers who have bad credit or have an SR-22 on their record.

How to lower your rate if you are a high-risk driver

High-risk drivers pay high car insurance premiums, but there are ways you might be able to get a better rate if you are looking for cheap car insurance in Rhode Island. Here are some suggestions:

  • Compare quotes: Get rate quotes from a few different insurance companies and compare them to see which provider can offer the best price.
  • Take advantage of discounts: Look for insurance companies that offer multiple discounts you can qualify for, like savings for bundling your policies or being a good student.
  • Complete a defensive driver course: Most insurance companies will give you a lower rate if you complete an approved defensive driver or driver safety course.
  • Raise your credit score: The higher your credit score is, the lower your insurance premium will be, so improving your credit can help you save money on insurance.

Frequently asked questions

How much does car insurance cost in Rhode Island?

In Rhode Island, the average cost of car insurance is $2,018 per year for a full coverage policy and $168 per year for a minimum coverage policy. These average rates are for drivers with a clean record, so high-risk drivers will pay higher rates.

What is the best Rhode Island car insurance company?

There are dozens of car insurance companies in Rhode Island, and the best company is different for every driver. For some drivers, Amica is the best option, and for others, Allstate is a better choice. To find the best car insurance company for you, take some time to shop around and compare providers using your personal criteria.

How much car insurance is required in Rhode Island?

Drivers in Rhode Island are required to carry 25/50/25 liability insurance, which includes $25,000 in bodily injury coverage per person, $50,000 in bodily injury coverage per accident and $25,000 in property damage coverage per accident. However, many drivers choose to purchase a full coverage policy which includes protection for their vehicle.

Methodology

Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:

  • $100,000 bodily injury liability per person
  • $300,000 bodily injury liability per accident
  • $50,000 property damage liability per accident
  • $100,000 uninsured motorist bodily injury per person
  • $300,000 uninsured motorist bodily injury per accident
  • $500 collision deductible
  • $500 comprehensive deductible

To determine minimum coverage limits, Bankrate used minimum coverages that meet each state’s requirements. Our base profile drivers own a 2019 Toyota Camry, commute five days a week and drive 12,000 miles annually. These are sample rates and should only be used for comparative purposes.

High-risk drivers
Incident: Rates were calculated by evaluating our base profile with the following incidents applied: clean record (base), at-fault accident, single speeding ticket, single DUI conviction and lapse in coverage.

Share This :