Why do some insurance companies have multiple insurance companies in Rhode Island?

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Why do some insurance companies have multiple insurance companies in Rhode Island?

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With separate car insurance companies, larger carrier groups have the ability to offer different products and file different rates. It also allows them to offer car insurance through distinguished distribution channels. In some cases, it is easier for an insurance company to meet different Rhode Island regulatory requirements that may not be necessary in other states. Some companies decide to file under different insurance companies or different company names. There are approximately seven hundred car insurance company groups in the US. On average, there are about 120 different auto insurance companies available in each state. This list represents a majority of the companies available in Rhode Island. CarInsurance.com may remove carriers that only write a few policies in RI or carriers that no longer offer new products in Rhode Island. As new companies enter or leave Rhode Island we will update this listing.

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