Cheapest car insurance companies in Providence
A recent data analysis by Insurance.com found the cheapest car insurance companies are State Farm and Progressive in Providence for 2023.
State Farm has the cheapest car insurance rates in Providence at an average cost of $1,611 per year.
Car insurance prices in Providence can differ based on where you live, your driving history, coverage limit, and your insurance provider. To find the best deal on auto insurance, it's wise to compare quotes from various companies. Below are the companies that offer cheap car insurance to Providence drivers.
| Companies | Average annual rates |
|---|---|
| USAA | $1,388 |
| State Farm | $1,611 |
| Progressive | $2,455 |
| Nationwide | $2,477 |
| Travelers | $2,587 |
| American Family | $2,629 |
| Amica Mutual | $2,992 |
| Geico | $3,094 |
| Allstate | $3,951 |
Cheapest car insurance cost in Providence by Age Group
In Providence, State Farm is the cheapest car insurance company for teenagers, offering full coverage policies at $4,537 a year, on average. Teenagers often face higher car insurance rates due to statistical data indicating that they pose a greater risk on the roads.
Teenagers can lower their insurance costs by strategically utilizing the good student discount or remaining listed as a driver on their parent's policy.
USAA is the cheapest car insurance company for young adults. It offers full coverage auto insurance for young drivers in Providence at about $2,509 per year.
An analysis of car insurance rates for Providence drivers reveal a significant decrease in premiums for individuals in their 30s compared to those in their 20s. USAA offers the cheapest full-coverage car insurance rates at $1,425 per year.
Providence senior drivers seeking affordable car insurance should look no further than USAA. It offers the cheapest car insurance rates for seniors, with an average annual premium of $1,459. It makes USAA a good choice for seniors who want to save money without sacrificing coverage.
| Company | Teens | Young Adults | Adults | Seniors |
|---|---|---|---|---|
| Farmers | N/A | N/A | $4,040 | $4,190 |
| Travelers | N/A | $3,741 | $2,548 | $3,019 |
| State Farm | $4,537 | $2,766 | $1,606 | $1,615 |
| USAA | $7,315 | $2,509 | $1,425 | $1,459 |
| Nationwide | $8,509 | $4,243 | $2,428 | $2,342 |
| American Family | $8,579 | $4,596 | $2,748 | $2,973 |
| Progressive | $9,308 | $4,357 | $2,494 | $2,643 |
| Geico | $9,531 | $4,774 | $3,135 | $3,103 |
| Allstate | $10,801 | $5,553 | $4,092 | $3,967 |
| Amica Mutual | $16,559 | $4,483 | $2,943 | $3,342 |
Cheapest car insurance companies in Providence by driver profile
Your driving profile plays an important role in determining your car insurance rates in Providence. Those with past accidents, speeding tickets, or other traffic citations on their record can expect increased insurance rates compared to drivers with clean driving records.
When it comes to finding the cheapest car insurance rates in Providence, make sure you compare insurance quotes from various insurers. By comparing rates from multiple providers, you can get the coverage you need while saving money.
Here are some of the cheapest car insurance companies in Providence based on driver profile.
- Cheapest for a driver with poor credit: Geico
- Cheapest for a driver with a speeding ticket: State Farm
- Cheapest for accident: USAA
- Cheapest for DUI: State Farm
Cheapest for a driver with poor credit: Geico
Drivers in Providence with poor credit can get the cheapest car insurance from Geico at an average cost of $2,049 a year, according to a data study by Insurance.com.
The table below shows the list of car insurance companies that offer affordable car insurance for drivers with poor or bad credit scores.
| Company | Average annual rates |
|---|---|
| Geico | $2,049 |
| USAA | $2,763 |
| State Farm | $2,795 |
| Travelers | $3,251 |
| Nationwide | $3,497 |
| Progressive | $4,438 |
| Allstate | $7,618 |
Cheapest for drivers with a speeding ticket: State Farm
In Providence, State Farm provides the cheapest car insurance premiums for drivers aged 30 with speeding tickets on their record at an annual cost of $1,358, on average.
Remember that the cheapest car insurance company for you may not be the cheapest company for someone else. Ensure you compare car insurance quotes from various carriers to secure the most favorable deal. This way, you can find the insurance company that offers the best rates and coverage for your specific needs.
| Company | Average annual premium |
|---|---|
| State Farm | $1,358 |
| USAA | $1,614 |
| Travelers | $2,678 |
| Geico | $2,726 |
| Nationwide | $3,530 |
| Progressive | $3,798 |
| Allstate | $5,016 |
Cheapest auto insurance after an at-fault accident: USAA
If you've had an accident, USAA might be your best bet for affordable auto insurance.
For Providence drivers with an at-fault accident, USAA offers the cheapest average annual rate at $1,281. It's a great option if you're looking for affordable coverage that won't break the bank.
After an accident, your insurance rates are likely to go up. Finding a provider with competitive rates can help you minimize the financial impact.
| Company | Average annual rates |
|---|---|
| USAA | $1,281 |
| State Farm | $1,476 |
| Geico | $1,876 |
| Travelers | $2,393 |
| Progressive | $2,697 |
| Nationwide | $2,769 |
| Allstate | $4,701 |
Cheapest auto insurance after a DUI: State Farm
State Farm is the cheapest option for Providence drivers seeking affordable auto insurance rates after a DUI conviction, at an annual rate of $1,358, on average.
Drivers convicted of a DUI offense face substantial increases in their car insurance rates. To get affordable premiums, you should compare quotes from different insurance carriers.
| Company | Average annual rates |
|---|---|
| State Farm | $1,358 |
| USAA | $2,700 |
| Travelers | $3,127 |
| Progressive | $3,977 |
| Nationwide | $5,722 |
| Geico | $6,299 |
| Allstate | $6,830 |
Average car insurance cost in Providence
In Providence, the average annual cost for full coverage car insurance is around $2,495, which breaks down to approximately $208 per month. These rates are based on coverage levels of 100/300/100. On the other hand, the average yearly rate for state minimum coverage in Providence is about $819.
Choosing full coverage insurance may mean a higher policy cost compared to the state minimum, but it offers better protection. It provides liability coverage as well as
| Average annual Rates | State minimum average |
|---|---|
| $2,495 | $819 |
Methodology
Insurance.com commissioned 2023 data for the cheapest car insurance rates in cities from Quadrant Data Services for all 50 states and Washington D.C. Rates are based on the following profile:
- 40-year-old male driver
- Honda Accord LX
- 12-mile daily commute, 10,000 annual miles
- Good credit
- Clean record
While the rates for drivers with poor credit, speeding tickets, DUI and at-fault accidents were sourced from the Auto Problems Report 2023.
Rates are based on coverage limits of:
- $100,000 bodily injury per person
- $300,000 bodily injury per accident
- $100,000 property damage per accident
- $500 comprehensive and collision deductible
Insurance.com analyzed rates from over 34,000 ZIP codes, 56 million quotes, and 136 companies. Based on the analysis, we have created lists of the cheapest companies for different driver profiles. USAA also made it to the list, but it offers services only to current and former military members and their families. Rates sourced from Quadrant Data Services for comparison purposes only; your rates may differ.
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