High-risk auto insurance is required in Rhode Island if you have had at least one speeding ticket or an accident. Even though Rhode Island is the smallest state in the country, it has its fair share high-risk driving issues. In 2015, 41% (third-highest in the country) of all car accidents occurred in Rhode Island. In 2019, 31.6% were traffic stops for drivers who had broken the speed limit.
Rates for high-risk auto insurance in Rhode Island
Each driver will have a different rate on Rhode Island car insurance. To calculate your rate, insurance companies consider factors such as your credit score and claims history. Your driving record and age are also considered to help determine your risk level. High-risk insurance rates in Rhode Island will be charged to drivers who have been convicted of speeding, an accident, or a DUI.
Rates for speeding tickets
Your car insurance premium will rise by at least 10% after a Rhode Island speeding ticket. The actual rate of increase will depend on which insurance company you have. Keep in mind that multiple speeding tickets can have a greater impact on your insurance. A speeding ticket in Rhode Island can result in a fine. This fine could be very costly depending on how fast you drove.
Below is a table that shows the average insurance rate increase after a speeding ticket by some of the top car insurance companies in Rhode Island.
Rates for an accident
Your insurance premium will rise if you are involved in an accident in Rhode Island. Your rate may rise even if you are not the cause of the accident.
You may also have to pay higher insurance premiums if you are involved in an accident in Rhode Island. You will have to pay your insurancedeductible if there are damages. You may have to appear in court depending on the severity of your accident. If you have multiple accidents, your driving privileges could be revoked.
Below is a table that shows the average increase in car insurance rates after an accident in Rhode Island. It includes some of the most well-known providers in Rhode Island:
Rates for DUI
In Rhode Island, a DUI conviction is a misdemeanor. This is the most serious traffic offense you can commit and will have the greatest impact on your car insurance premium.
A DUI will not only affect your car insurance rates, but also have other consequences. A heavy fine will be assessed and your driving privileges will be suspended for a period. Depending on the severity of your offense, you could face jail time. Rhode Island doesn’t require drivers to have SR-22 insurance. Some states may require them to do so after a DUI.
Your insurance company will determine how much your insurance rates rise after a DUI in Rhode Island. These are the average rates of insurance companies in Rhode Island that have increased their rates.
Teen drivers: Rate
Teen drivers are the most inexperienced drivers on the roads. data indicates that young drivers have the highest chance of getting into an accident. Teen drivers are often required to pay high-risk auto insurance in Rhode Island. Most drivers reach their mid-twenties at which point car insurance premiums begin to drop. Here’s a list of average annual premiums paid by Rhode Island’s largest insurance companies to teen drivers:
Who are high-risk drivers?
Bankrate defines a high-risk driver as someone who has had an at-fault car accident, a single speeding ticket or a lapse in their insurance coverage. The industry standard definition of a high risk driver includes drivers with bad credit and SR-22 records.
How to lower your rate for high-risk drivers
High-risk drivers are required to pay higher car insurance premiums. However, there are ways that you can get a lower rate if you’re looking for cheap insurance in Rhode Island. Here are some ideas:
- Compare rates: Compare rate quotes from several insurance companies to find the most affordable.
- Get discounts: Search for companies that offer discounts for multiple reasons, such as bundling policies or being a student.
- Completion of a defensive driver course: Many insurance companies will offer a lower rate for drivers who have completed approved defensive driver or driver safety courses.
- Improve your credit score. The lower your insurance premium, the better your credit score. This can help you save on insurance.
Questions frequently asked
What is the cost of car insurance in Rhode Island?
The average cost for car insurance in Rhode Island is $2,018 for a full coverage policy, and $168 for a minimal coverage policy. These rates are for drivers who have a clean driving record. High-risk drivers will pay more.
Which Rhode Island insurance company is best?
There are many car insurance companies in Rhode Island. The best one for you will vary. Amica may be the best choice for some drivers. Allstate might be a better option for others. Take some time to compare providers and shop around for the best auto insurance company.
What is the minimum amount of car insurance required in Rhode Island
Rhode Island drivers must have 25/50/25 coverage. This includes $25,000 per person in bodily injuries, $50,000 per accident bodily injury coverage, and $25,000 per accident property damage coverage. Many drivers opt to buy a full coverage policy that includes protection for their car.
