Insurance prices in Rhode Island continue to rise. This is the reason why so many residents are having difficulties in getting affordable insurance plans. You have a way out of this mess. The best that you can do is to get insurance quotes from several Rhode Island insurance providers. You must also get accurate information, updates, and guidelines from the state’s Division of Insurance Regulation.
Cheap Car Insurance
Rhode Island has a mandatory car insurance requirement. You can not register a vehicle if you do not have proof of financial responsibility. The only option available for you in Rhode Island is to purchase the basic liability coverage. Without this, you will have to pay a $500 fine and your license will be suspended for at least 3 months. You should regularly check the website of Rhode Island Department of Motor Vehicle for updates and new insurance requirements.
Affordable Health Insurance
Finding low cost health plans in Rhode Island is a tedious task. Generally, the cost of health insurance in the state is expensive. You should use the services of the Department of Insurance Regulation in order to learn more how to get low cost health insurance. It is also worthwhile to get several affordable health insurance quotes from commercial carriers so you can find a suitable package that you can afford.
Home Insurance
Home insurance in Rhode Island is a necessity. Even if the prices of homeowner’s insurance are costly, you still have to get sufficient coverage to protect your property. What you can do is to pull several home insurance quotes from licensed insurers. You can verify the licenses of Rhode Island insurance companies from the website of Department of Insurance Regulation.
Term Life Insurance
The life insurance industry in Rhode Island is unregulated. However, state insurance laws have special provisions to protect the interest of consumers. Specifically, you can get a Free Look on your policy for at least 20 days. Insurance companies are also required to release benefits within 60 days as long as all documentations are in order. You may also get free term life insurance quotes from the websites of several life plan providers in Rhode Island.
Insurance Resources for Rhode Island Residents
Rhode Island Division of Insurance Regulation
http://www.dbr.state.ri.us/divisions/insurance/
Office of the Health Insurance Commissioner
http://www.ohic.ri.gov/
Rhode Island Life and Health Insurance Guarantee Association
http://www.rilifega.org/
Rhode Island Division of Motor Vehicles
http://www.dmv.state.ri.us/
Rhode Island for Health Care
http://www.riforhealthcare.org/facts/groups/snapshot.cfm