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Get Cheap Car Insurance in Silver Lake, Providence, RI
We monitor insurance prices, helping the average driver in Silver Lake save up to 41.3% on car insurance.
The Cheapest Minimum Coverage in Silver Lake
The chart below shows the cheapest car insurance company in Silver Lake 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.
| Silver Lake Insurer | Monthly Cost |
|---|---|
| Safeco Insurance | $94 |
| Geico | $122 |
| Progressive | $142 |
| Midvale Home & Auto | $149 |
Savings for Every Kind of Silver Lake Driver
Based on our extensive insurance data, we know the average Silver Lake 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 $902 per year by choosing the right vehicle insurance company. Some Silver Lake residents are paying out over $2,712 extra every year for auto insurance in Silver Lake. That cost may be even higher if you haven’t requested a new quote as your life situation changed.
Situation |
Silver Lake, Providence, RI Savings / Yr. |
|---|---|
$902 |
|
$1,090 |
|
$1,201 |
|
$2,032 |
|
$4,224 |
|
$308 |
|
$915 |
Silver Lake Car Insurance vs. Providence
People living in Silver Lake pay an average of 21.79% more than the typical driver in the state. The average driver in Silver Lake can expect to pay about $1,660 per year, or $2,712 for full coverage.
Based on our analysis, State Farm will be the cheapest provider in Silver Lake for most people.
Car Insurance Prices by Silver Lake Neighborhood
Insurance Prices
Where is insurance cheapest within Silver Lake?
The map shows insurance prices in and around Silver Lake, with more expensive areas in red and places with cheaper car insurance in green. Insurance can vary by as much as $674 per year within the neighborhood boundaries, with insurance premiums ranging from a high of $2,957 to a low of $2,283. Insurance prices tend to be higher for those living in the North area, and lower for those with homes in the West parts of Silver Lake.Pick the Best Car Insurance Company for You in Silver Lake
The best car insurance provider for most drivers in Silver Lake
For drivers with clean driving records and no major strikes, State Farm is the best option, with annual savings of $902 over the average Silver Lake car insurance company.
The best car insurance provider for Silver Lake drivers with accidents on their records
In our analysis, Safeco Insurance saved the average person who had been in an accident the most, with annual savings averaging $1,090 over the competition.
The best car insurance company for Silver Lake drivers with speeding tickets
>State Farm gave the average person with a speeding ticket the most savings, averaging $1,201 better than other car insurance companies.
The best auto insurance for Silver Lake drivers with a DUI conviction
Getting a quote from State Farm may cost the average person with a DUI about $2,032 less each year.
The least expensive car insurance company for new and young drivers in Silver Lake
In Silver Lake, State Farm costs young drivers $4,224 less each year versus the average auto insurance bill.
The best marriage discounts for vehicle insurance in Silver Lake
Geico gave the largest car insurance discounts to married couples, averaging $308 saved each year compared to an average Silver Lake couple's premiums.
The cheapest car insurance in Silver Lake for drivers with bad credit
The best Silver Lake car insurance company for customer service
Recent price drops
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The cheapest large national provider in Silver Lake
For customers who prefer to work with large national providers, we recommend State Farm for pricing. The average Silver Lake driver can expect to pay about $124 per month.
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 Silver Lake, 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.Auto Insurance Prices in and Around Silver Lake
What Influences the Cost of Car Insurance in Silver Lake?
On average, car insurance in Silver Lake 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 Silver Lake is 32 minutes, which is a little more 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 Silver Lake are higher than average in the state, and marriage often results in car insurance discounts.
- Vehicle theft rates in the area are very high, with a Vehicle Theft Crime Grade of C according to CrimeGrade.org.
- Silver Lake is a lightly populated area in the state. The neighborhood’s density could result in a price decrease for drivers.
As a result of these and other factors, the average cost of car insurance in Silver Lake is $138 per month for minimum coverage and $226 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
- Hartford: Insurance costs 0.74% more
- Olneyville: Insurance costs 0.07% less
- West End: Insurance costs 5.05% more
- Wayland: Insurance costs 12.06% less
- Federal Hill: Insurance costs 4.02% less
- Valley: Insurance costs 4.94% less
- Mount Pleasant: Insurance costs 2.58% more
- Manton: Insurance costs 0.55% less
- Upper South Providence: Insurance costs 0.48% less
- Elmwood: Insurance costs 4.06% more
Neighborhoods with Similar Populations
- Grantville: Insurance costs 27.40% less
- South Lake Union: Insurance costs 39.86% less
- South Arroyo: Insurance costs 15.78% less
- Hybla Valley: Insurance costs 49.04% less
- Hillsborough: Insurance costs 52.91% less
- Hill: Insurance costs 6.08% less
- Highlandtown: Insurance costs 17.15% less
- Hidden Valley: Insurance costs 44.21% less
- Hartranft: Insurance costs 35.91% less
- Haddington: Insurance costs 33.89% less