Study: Post-claim auto insurance costs soar in Rhode Island

AN ANNUAL SURVEY conducted by insuranceQuotes.com shows the average auto insurance premium increase for Rhode Island drivers who filed a claim of $2,000-plus totaled 62 percent, representing the third most in the nation. / COURTESY INSURANCEQUOTES.COM
AN ANNUAL SURVEY conducted by insuranceQuotes.com shows the average auto insurance premium increase for Rhode Island drivers who filed a claim of $2,000-plus totaled 62 percent, representing the third most in the nation. / COURTESY INSURANCEQUOTES.COM

PROVIDENCE – Rhode Island policyholders suffer some of the worst premium auto insurance cost hikes in the nation after filing claims, according to a new study.

The annual study, done by insuranceQuotes.com, examines the average cost impact of filing an auto claim. The study shows nationwide premium costs increased on average 42 percent after a single claim of $2,000 or more, representing a decrease from 44 percent reported a year earlier.

Bad news for Rhode Islanders, however, is the average premium increase for drivers who filed a claim of $2,000-plus totaled 62 percent, representing the third most of any state in the nation.

New Hampshire drivers realized the greatest premium increases – 66 percent – followed by California at 63 percent. After Rhode Island, Massachusetts drivers realized 61 percent premium increases followed by Iowa at 57 percent.

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The five states with the lowest increases included:

  • Kentucky: 19 percent
  • Tennessee: 20 percent
  • Michigan: 22 percent
  • Oklahoma: 23 percent
  • West Virginia: 29 percent

The full study can be found here.

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