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Get Cheap Car Insurance in Reservoir, Providence, RI

We monitor insurance prices, helping the average driver in Reservoir save up to 41.3% on car insurance.

 

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The Cheapest Minimum Coverage in Reservoir

The chart below shows the cheapest car insurance company in Reservoir for a driver with a good record seeking minimum coverage on a mid-grade used vehicle. Values are estimated, and premiums may be lower or higher, but should be in an accurate order for a good driver. In general, drivers with good records will get the best prices through Safeco Insurance, followed by Geico, Progressive, and Midvale Home & Auto.

 
Reservoir Insurer Monthly Cost
Safeco Insurance $89
Geico $115
Progressive $134
Midvale Home & Auto $141

Savings for Every Kind of Reservoir Driver

The table shows how much the average auto insurance customer in Reservoir might save by following our recommendations.

Based on our extensive insurance data, we know the average Reservoir driver will save about 33% on car insurance. This isn’t marketing: this is unbiased data with no financial influence. The best auto insurance company depends on factors such as your driving record, home location, credit score, marital status, and age. The average driver will find themselves saving $855 per year by choosing the right vehicle insurance company. Some Reservoir residents are paying out over $2,570 extra every year for auto insurance in Reservoir. That cost may be even higher if you haven’t requested a new quote as your life situation changed.

Situation
Reservoir, Providence, RI Savings / Yr.
Drivers with good records
$855
Drivers with accidents
$1,033
Drivers with speeding tickets
$1,138
Drivers with a DUI conviction
$1,925
Young drivers
$4,002
Married drivers
$292
Drivers with bad credit
$867

Reservoir Car Insurance vs. Providence

People living in Reservoir pay an average of 15.41% more than the typical driver in the state. The average driver in Reservoir can expect to pay about $1,573 per year, or $2,570 for full coverage.

Based on our analysis, State Farm will be the cheapest provider in Reservoir for most people.

Car Insurance Prices by Reservoir Neighborhood

Reservoir, Providence, RI map of insurance costs by zip code and neighborhood

Insurance Prices

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Average
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Where is insurance cheapest within Reservoir?

The map shows insurance prices in and around Reservoir, with more expensive areas in red and places with cheaper car insurance in green. Insurance can vary by as much as $455 per year within the neighborhood boundaries, with insurance premiums ranging from a high of $2,796 to a low of $2,341. Insurance prices tend to be higher for those living in the North area, and lower for those with homes in the West parts of Reservoir.

Pick the Best Car Insurance Company for You in Reservoir

We have analyzed insurance costs for auto insurance customers based on the major variables that impact pricing. The results of our analysis are below, including US dollar savings. What about when you meet one or more of the criteria? For example, if you have both a DUI and a speeding ticket? Simply start with the Reservoir insurance provider for whom we have posted the highest savings dollar figure.

The best car insurance provider for most drivers in Reservoir

For drivers with clean driving records and no major strikes, State Farm is the best option, with annual savings of $855 over the average Reservoir car insurance company.

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We use the average good driver, paying $143 per month, as our baseline for pricing in Reservoir. State Farm, Travelers, and Safeco Insurance are all good choices for quotes if you have a clean record. See also the best providers for married people if you are married, and look for repeated company names.

The best car insurance provider for Reservoir drivers with accidents on their records

In Reservoir getting into an accident will raise premiums an average 25% for a yearly cost of $3,442. That's $871 per year more than a driver with no at-fault crashes on their driving record might pay. To avoid paying out more than you need to, State Farm, Travelers, and Safeco Insurance are good choices for drivers with accidents.

In our analysis, Safeco Insurance saved the average person who had been in an accident the most, with annual savings averaging $1,033 over the competition.

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The best car insurance company for Reservoir drivers with speeding tickets

>State Farm gave the average person with a speeding ticket the most savings, averaging $1,138 better than other car insurance companies.

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Depending on the insurance company, a speeding ticket can actually raise insurance premiums more than getting in an accident. In Reservoir, tickets raise premiums on new quotes about $796. If you have a speeding ticket, we recommend State Farm, Travelers, and Safeco Insurance for savings that beat the average insurance cost of $3,367 per year.

The best auto insurance for Reservoir drivers with a DUI conviction

Getting a DUI can increase the cost of insurance dramatically. The average person with a DUI paid $4,658 per year in auto insurance premiums, which was $2,088 more than a driver with no major issues. State Farm, Progressive, and Safeco Insurance penalized their customers the least for a DUI.

Getting a quote from State Farm may cost the average person with a DUI about $1,925 less each year.

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The least expensive car insurance company for new and young drivers in Reservoir

In Reservoir, State Farm costs young drivers $4,002 less each year versus the average auto insurance bill.

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Teen drivers account for more than their share of accidents, and thus end up paying about 75% more for insurance than more mature drivers in Reservoir. With an average cost of $10,202 per year (for young drivers who aren't on a parent's plan), car insurance for inexperienced drivers can’t ever be called "cheap." A few companies like State Farm, Geico, and Allstate try to attract these younger drivers with lower prices in the hopes that they will stay with the company.

The best marriage discounts for vehicle insurance in Reservoir

Not everything is an excuse for the auto insurance companies to charge you more. Getting married provides an average discount of $162. Geico, Progressive, and Nationwide provided the largest discounts to couples living in Reservoir.

Geico gave the largest car insurance discounts to married couples, averaging $292 saved each year compared to an average Reservoir couple's premiums.

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The cheapest car insurance in Reservoir for drivers with bad credit

People with poor credit saved an average of $867 with State Farm.

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Many people are surprised that their poor credit score can cost them an average of $1,496 every year. Premiums for people with poor credit were about $4,066 in Reservoir. However, some insurance companies do not take credit score into account. If you have a credit score below 575, get quotes from State Farm, Geico, and Travelers.

The best Reservoir car insurance company for customer service

Many car insurance companies over the years have struggled with customer service. In Reservoir, the National Association of Insurance Commissioners (NAIC) ranks Amica as the best. Another valuable metric: JD Power ranks Amica as the best provider in Reservoir.

Amica was the best company for customer service in Reservoir according to the NAIC.

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Recent price drops

Due to improvements in our tracking and methodology, we are unable to show price change data for the most recent year. This data will return next year (2023).

In 2020, at the peak of the global pandemic, {{top1_2020pricedrop_company}} changed their average price {{top1_2020pricedrop_company_percentage}}% in Reservoir, which was better than other insurers.

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During the Covid-19 pandemic a few insurance companies realized people were driving less and struggling overall. They proactively lowered their rates for many customers in Reservoir. We think helping communities in a time of need deserves special attention. Many insurance companies have advertisements telling us how much they care: we prefer to look at their actions.

The cheapest large national provider in Reservoir

Many customers have informed us that they prefer to work with large national brands. Maybe they're one of the 33% of Reservoir residents who are renting, and don't plan to be in the neighborhood or city for very long. Or maybe national recognition and funds make people feel more secure with a large provider. Regardless, State Farm tends to have the lowest prices for most drivers.

For customers who prefer to work with large national providers, we recommend State Farm for pricing. The average Reservoir driver can expect to pay about $124 per month.

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What About USAA?

JD power consistently ranks USAA as the top car insurance company in the United States. We don’t compare their rates because most people can’t sign up. USAA only allows active military members and their spouses and children to apply. In Reservoir, USAA has the best prices for drivers with a DUI conviction, drivers with speeding tickets, drivers with bad credit, drivers with accidents, young drivers, married couples, and good drivers.
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Auto Insurance Prices in and Around Reservoir

What Influences the Cost of Car Insurance in Reservoir?

On average, car insurance in Reservoir is more expensive than the rest of the state. These high prices are no mystery to us. Coverage Watch tracks car insurance costs and uses a complex AI that finds related variables, and has determined car insurance prices in the neighborhood are influenced by the following factors:

  • The average commute time in Reservoir is 26 minutes, which is far less than average for a driver in the city.
  • Rhode Island state insurance regulations may require higher prices.
  • An average of 0 weeks with snow on the ground, which impacts accident rates.
  • Marriage rates in Reservoir are about average in the state, and marriage often results in car insurance discounts.
  • Vehicle theft rates in the area are moderate, with a Vehicle Theft Crime Grade of B- according to CrimeGrade.org.
  • Reservoir has an average population density in the state. The neighborhood’s density could result in a price increase for drivers.

As a result of these and other factors, the average cost of car insurance in Reservoir is $131 per month for minimum coverage and $214 per month for full coverage. Costs vary widely based on your situation, and will likely be lower if you have a clean driving record and follow our insurance company research to find the best car insurance company for you.

Car Insurance in Nearby Neighborhoods

Neighborhoods with Similar Populations

* Who is the average Reservoir driver? Based on national demographic data provided by BestNeighborhood, we took a single unmarried man living in central Reservoir with good (but not perfect) credit driving a used midsized sedan. Data sources: proprietary data collection and analysis, unique to CoverageWatch.org All content copyright CoverageWatch.org. Journalists and other websites are free to cite any data with attribution.