RI Car Insurance: Everything You Need to Know

Owning a car in Rhode Island is convenient and necessary, but it also comes with the responsibility of having car insurance. Car insurance is a legal requirement in Rhode Island, and it protects you and your vehicle in case of an accident or other unforeseen events. This article will cover everything you need to know about car insurance in Rhode Island, from minimum requirements to common coverage options, and frequently asked questions.

Minimum Car Insurance Requirements in RI

Like most states, Rhode Island has minimum requirements for car insurance. Every driver in the state must have at least the following coverage:

Bodily injury liability insurance covers medical costs and damages to individuals injured in an accident for which you are deemed at fault. Property damage liability insurance covers damage to property for which you are liable. Uninsured/underinsured motorist bodily injury insurance covers you in case you are in an accident with an uninsured or underinsured driver.

While these are the minimum requirements, it is highly recommended that you get additional coverage. Keep reading to learn more about your options.

Optional Car Insurance Coverage in RI

In addition to the minimum requirements, there are several types of optional insurance coverage you can get in Rhode Island. These include:

Collision Coverage

Collision coverage covers damage to your vehicle in case of an accident for which you are at fault. It can help pay for repairs or replacement of your car. While collision coverage is not required by law, it can be a good idea to have if you have a newer or more expensive car.

Comprehensive Coverage

Comprehensive coverage covers damages to your car that are not related to an accident, such as theft, vandalism, or natural disasters. Like collision coverage, comprehensive coverage is not required by law but can provide peace of mind.

Rental Car Coverage

If you need a rental car while your car is being repaired, rental car coverage can cover the cost of the rental. This is especially useful if you rely on your car to get to work or other important activities.

Gap Coverage

If you have a car loan or lease, gap coverage can cover the difference between the amount you owe on the car and the actual value of the car in case it is totaled in an accident. This can be helpful if you owe more on the car than it is worth.

Medical Payments Coverage

Medical payments coverage covers medical expenses for you and your passengers in case of an accident, regardless of who is at fault. This can be helpful if you have high medical costs or if you do not have health insurance.

How Much Does Car Insurance Cost in RI?

Car insurance costs vary based on a variety of factors, including your age, driving history, location, type of car, and coverage options. According to the National Association of Insurance Commissioners, the average cost of car insurance in Rhode Island in 2018 was $1,324. This is higher than the national average of $1,004.

It’s important to shop around and compare quotes from multiple insurance companies to get the best price for your coverage needs. Don’t forget to ask about discounts for safe driving, multiple policies, or other factors.

FAQ About Car Insurance in RI

1. What happens if I don’t have car insurance in Rhode Island?

If you are caught driving without insurance in Rhode Island, you could face fines, a suspended license, and even jail time. You could also be held personally responsible for any damages or injuries you cause in an accident.

2. Can I get insurance if I have a poor driving record?

Yes, you can still get car insurance if you have a poor driving record, but you may have to pay higher premiums. Be sure to shop around and compare quotes to get the best rate possible.

3. Can I change my car insurance coverage or provider at any time?

Yes, you can change your car insurance coverage or provider at any time. However, be sure to check for any fees or penalties for canceling your current policy before making the switch.

4. Are there discounts available for car insurance in Rhode Island?

Yes, many insurance companies offer discounts for safe driving, multiple policies, good grades (for younger drivers), or other factors. Be sure to ask about any available discounts when getting a quote.

5. What should I do if I get into an accident?

If you get into an accident, make sure everyone involved is safe and call the police. Exchange insurance and contact information with the other driver, and take photos of the scene if possible. Contact your insurance provider as soon as possible to begin the claims process.

Conclusion

Car insurance is a necessary expense for all Rhode Island drivers, but it doesn’t have to be confusing or expensive. By understanding your options and comparing quotes from multiple providers, you can find the coverage you need at a price you can afford. Don’t forget to be a safe driver and follow all traffic laws to minimize your risk of accidents and insurance claims.