Cheap auto insurance. Rhode Island (RI).

Auto insurance. Rhode Island.

Rhode Island Auto Insurance Information

   Automobile insurance is required in Rhode Island when registering a vehicle. Proof of automobile insurance became mandatory in Rhode Island in 1993. When you register your vehicle, you will be asked to sign a statement that guarantees you will maintain insurance during the duration of your current registration period.
   Rhode Island implements a tort system of insurance. This dictates that the driver at fault is legally responsible for the other driver's subsequent medical, car repair, or personal property expenses related to the auto accident.
   Minimum state required limit for bodily injury is $25,000 per person and $50,000 per accident and property damage limit is $25,000.

How To Reduce Your Premiums
   The best way to save on any insurance products is to shop around. It is very possible that one company gives you a high premium while other company offers you very low premium using the same information.
   Every insurer, insuring motor vehicles which contain anti-theft devices, shall offer the following minimum reductions in premium charges on comprehensive coverage:

1. Alarm Only - five percent (5%)
2. Active Disabling Devices - five percent (5%)
3. Passive Disabling Devices - fifteen percent (15%)
4. Vehicle Recovery System Devices - twenty five percent (25%)

   Every insurer may require evidence of installation of any anti-theft device prior to application of the applicable discount.

Some of the ways to keep your car insurance premium low:
  • Set your deductible as high as possible. When you file a claim, a deductible is the amount of money you pay before your insurance company kicks in. Higher deductibles mean lower premiums.
  • Maintain a good driving record.
  • Buy multiple policies with the same insurance company.
  • Choose the vehicle you purchase carefully. Insurance companies prefer to insure safe vehicles. The safer the car, the lower the rate. The faster and newer the car, the higher the rate. The more likely it is to be stolen or vandalized, the higher your premiums.
  • Maintain the best credit history possible. Insurance companies check your credit report and use it as one of the factors when determining your premium.
  • Compare company financial stability. Companies with lower ratings tend to offer lower insurance premiums. This may seem like a bargain, but make sure the company is around when you have claim. There is nothing worse than having an automobile claim where you may be potentially on the hook for thousands of dollars only to find out that your insurance company is financially insolvent.
  • Agent vs. Direct. Going directly to an insurance company and bypassing an insurance agent may help to lower your insurance premium. Traditionally, the insurance agent's commission is built into your annual premium. By bypassing the agent, you won't have to pay commissions.
Uninsured motorist coverage
   Uninsured/underinsured motorist coverage protects you when you're involved in an accident with another driver who either is not insured at all, or is severely underinsured. This Rhode Island car insurance coverage is not mandatory, but it is encouraged for your protection.


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