Rhode Island High Risk Auto Insurance
The state of Rhode Island has 107 different companies currently licensed to underwrite and sell liability insurance for automobiles in the state. A few of the companies that offer high risk auto insurance in Rhode Island include Geico, Hartford, Metropolitan, Nationwide, Progressive, and Union Insurance Company of Providence.
Rhode Island is a tort system state, meaning that one driver in any accident will be found to be at fault and held financially responsible for the injuries and damages suffered by all other parties involved in the accident. For this reason, Rhode Island has enacted some high minimum requirements for automobile liability insurance. Drivers can choose between "split limit" or "single limit" coverage. The split limit requirements are $25,000 per person for bodily injury liability ($50,000 for all persons involved), $25,000 property damage liability, and uninsured/underinsured motorist bodily injury coverage minimum of $25,000/$50,000. The single limit is $75,000 for all damages involved.
All drivers are required to carry proof of insurance in the vehicle with them at all times. In the event of a traffic stop, anyone failing to present current proof of insurance will have his driver's license suspended until such time as proof of insurance is provided to the court and the appropriate reinstatement fees are paid. The penalties become much steeper if the driver has previously been found at fault in an accident or has a record of traffic violations including speeding, dui, or other charges that could contribute to an accident. These multiple offenders should be prepared to pay more for their high risk auto insurance.