How much does Towing Service insurance cost in Providence, Rhode Island?

The estimated annual cost for a Towing Service in Providence with one employee is between $2041 and $3001. The state base rate is $1020.

What insurance is required for a Towing Service in Rhode Island?

In Rhode Island, businesses are subject to a 7.0% insurance tax. Towing Services typically need General Liability due to a risk factor of 2.2.

Towing Service Insurance Cost in Providence, Rhode Island (2026 Guide)

Estimated Cost (2026)

Adjust based on your team size

Number of Employees1

Just me (1)Team (20)

$2041-$3001

Estimated Annual Premium

Monthly Average Breakdown

$200 / mo

Includes General Liability

Industry Risk Profile

Towing companies operate heavy vehicles and take custody of customer cars, requiring expensive commercial auto and on-hook coverage.

Risk Factor2.2x

Location Factors

State Base Rate$1020
Providence Multiplier1x
State Tax Rate7.0%

Local Compliance FAQ

Is General Liability required in Providence?

While Rhode Island law may not mandate it for all businesses, Towing Services often need proof of insurance to bid on local commercial projects in Providence.

Why is the rate different here?

Your premium reflects Rhode Island's specific base rate of $1020 and a local city multiplier of 1x.

Compare Towing Service Insurance in Other Rhode Island Cities

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How much does Towing Service Insurance cost in Providence?