Auto Insurance in Rhode Island
The average car insurance cost in Rhode Island is $1,750 per year for full coverage. Rhode Island requires minimum liability coverage of 25/50/25. The state's uninsured driver rate is 4.2%, which is below the national average of 12.6%.
Top auto insurers in Rhode Island: GEICO, Amica, State Farm. We recommend comparing quotes from at least 5 companies, as rates can vary by 50% or more between insurers for the same driver profile.
Home Insurance in Rhode Island
Homeowners insurance in Rhode Island averages $1,850 per year for $300,000 in dwelling coverage. This is above the national average of $1,820/year. Rates are influenced by natural disaster risk, construction costs, and local claim frequency in the Northeast region.
Health Insurance in Rhode Island
The average individual health insurance premium in Rhode Island is approximately $490/month before subsidies through the ACA marketplace. Many Rhode Island residents qualify for premium tax credits that reduce this cost to $50-$200/month.
Minimum Insurance Requirements
Rhode Island requires all drivers to carry minimum liability insurance of 25/50/25. This means: $25,000 per person for bodily injury, $50,000 per accident total for bodily injury, and $25,000 for property damage per accident. While these minimums are legally sufficient, most financial advisors recommend 100/300/100 coverage.
Top Insurance Companies in Rhode Island
The largest and most popular insurance companies in Rhode Island include:
- GEICO — Market leader in Rhode Island
- Amica — Competitive rates and strong service
- State Farm — Popular choice with good coverage options