Rhode Island Auto Insurance
Rhode Island may be the smallest state in the U.S but it is not to be ignored, this land of sandy beaches, lagoons, rolling hills, and forests is very busy indeed. Motorists travel the Interstate 95 to get to Boston and New York constantly. Whether residents and tourists alike are traveling in downtown Providence or fishing in Narragansett Bay, because of the heavy congestion Rhode Island residents need proper Rhode Island auto insurance protection. Unfortunately, motorists in the State of Rhode Island pay very high insurance rates compared to the rest of the country. In 2007, dispute a significant drop of 7.5% in 2007, Rhode Islanders still paid out on average, $2375 for their auto insurance.
Rhode Island Auto Insurance Requirements
Because of high traffic volume on the roads and the threat of collisions, Rhode Island has set a minimum required of 25/50/25 to be maintained in coverage by all motorists in the state. This coverage is for Bodily Injury and Property Damage Insurance for the damages the motorist deemed at fault has caused.
- Bodily Injury Liability – Bodily Injury Liability insurance at the basic amount required by law will provide up to $25,000 for medical expenses of one person injured in the other car.
- A total amount of $50,000 will be paid out by Rhode Island auto insurance companies to cover medical expenses of more than one individual hurt in the accident.
- Property Damage Liability – The maximum amount paid out for property damage to public and private property as well as the other driver’s vehicle is set at $25,000.
The State of Rhode Island recommends that its motorists carry higher coverage than the State minimum in order to combat the ever-increasing costs of medical and property damages should they be at fault in any accident.
Rhode Island also recommends that its motorists carry Comprehensive and Collision insurance to pay for their own damages to their vehicle if they were found to be at fault. Comprehensive and Collision will also cover damages sustained to the vehicle caused by acts of nature such as severe storm damage or damage caused by wildlife.
The State of Rhode Island requires that all motorists carry Rhode Island auto insurance for Uninsured/Underinsured Motorist Protection. This requirement is because the neighboring States do not have to have as large an amount of liability insurance that Rhode Islanders are required to carry. UM insurance will cover Rhode Islanders against damages that the other driver will not be able to cover if they were found at fault. UM protection will also cover any damages to the insured’s car caused by a hit and run driver.
