Best Homeowners Insurance in Rhode Island

We analyzed data from more than 150 insurance companies to find the cheapest home insurance rates in Rhode Island. Read on to learn more or enter your ZIP below to compare quotes.

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How to find cheap homeowners insurance in Rhode Island

 

Home insurance is an optional but important insurance coverage. It keeps your investment insured in the event your house suffers damage from a common incident. Homeowners insurance protects your dwelling, personal property, and other buildings in the event of an array of misfortunes, including fire, theft, vandalism, or wind damage.

Unlike auto insurance, homeowners policies aren’t controlled by state legislation. Even so, major differences exist in homeowners insurance costs from state to state. Homeowners costs in a given state may vary based on the frequency and value of home insurance claims made statewide, and also on the price of the belongings and home you're insuring.

The easiest way to find an affordable homeowners insurance policy in Rhode Island is to view prices from multiple companies. Learn average home insurance rates in Rhode Island by referencing the below tables. Remember: your rates may differ, depending on your coverage limits.

 
Rhode Island home insurance:
  1. Rates by company
  2. Costs by city
  3. Rates by coverage level
  4. Rates by deductible amount
  5. Home-and-auto bundling discounts
  6. FAQs
 

Home insurance prices in Rhode Island by insurer

Homeowners insurance rates in Rhode Island can vary depending on the insurer you use. State Farm offers the most affordable home insurance in Rhode Island, at just $555 per year. This compares favorably to the state average cost of $1,388, offering an $833 price break on the state's average rate.

Start shopping for a homeowners insurance policy by viewing average rates from top Rhode Island home insurance carriers, detailed below.

 
HOMEOWNERS INSURANCE RATES IN RHODE ISLAND: BY CARRIER
CompanyAverage Annual Rate in Rhode Island
State Farm$555
Narragansett Bay$606
United$796
New London County Mutual$846
AIG$1,120
 

Rhode Island homeowners insurance costs: by city

Not all Rhode Island cities have equal homeowners insurance rates. Prices depend on locally specific variables such as the number of claims filed in the immediate area, meaning your specific ZIP code impact how much you pay.

The most affordable homeowners insurance in Rhode Island is found in Harrisville. The average home insurance policy in Harrisville costs $1,234 per year — $154 less than the average policy in other Rhode Island cities. The below cities have the most affordable homeowners insurance in Rhode Island.

 
AFFORDABLE HOME INSURANCE BY CITY IN RHODE ISLAND
CityAverage Annual Home Insurance Rate
Harrisville$1,234
Pascoag$1,239
Woonsocket$1,242
Harmony$1,242
Greenville$1,247
 

Average homeowners insurance costs in Rhode Island by coverage limit

How much you pay for home insurance coverage is greatly affected by the level of coverage you choose. In Rhode Island, carrying $200,000 dwelling coverage costs an average of $962 per year, while maintaining coverage up to $400,000 costs as much as $1,747 per year.

 
HOMEOWNERS INSURANCE RATES IN RHODE ISLAND — COMMON COVERAGE TIERS
Coverage LevelAverage Annual Rate
$100,000 Dwelling$603
$200,000 Dwelling$962
$250,000 Dwelling$1,157
$400,000 Dwelling$1,747
 

Homeowners insurance deductibles in Rhode Island

Rhode Island homeowners have numerous choices to make when deciding on a homeowners insurance policy, including how much their deductible should be. The deductible is the total amount that the insured contributes toward a covered loss. Where you set your deductible can play a large part in how much you pay for insurance.

On the whole, choosing a lower deductible means that your insurance premiums will be higher. Therefore, if you need your home insurance rates to be lower, you'll need to keep your deductible higher. It's worth noting that a homeowners deductible should only be as high as you can reasonably pay if you actually suffer a loss.

The following chart shows the average premiums affiliated with deductibles offered by most home insurers.

 
HOMEOWNERS INSURANCE RATES BY DEDUCTIBLE IN RHODE ISLAND
Deductible LevelAverage Annual Homeowners Insurance Rate
$500$1,268
$1,000$1,157
$1,500$1,121
$2,000$1,037
$5,000$937
 

Tip: bundle home and auto insurance in Rhode Island

If you want to save on insurance, consider purchasing your home and auto policies from the same insurance company. A home and car insurance bundle in Rhode Island can lead to substantial savings on auto insurance. Bundling policies in Rhode Island leads to a yearly discount of $178.

 
HOME AND AUTO INSURANCE BUNDLING DISCOUNTS IN RHODE ISLAND

Avg. Annual Rate (No Bundle)

Avg. Annual Rate (w/ Bundle)

Annual Savings ($)

Annual Savings (%)

$2,076$1,898$1789%
 

A great way to save is to bundle your home and auto insurance policies. Get started today!

 
 

Rhode Island homeowners insurance FAQs

 

Is homeowners insurance required in Rhode Island?

Rhode Island does not requrie homeowners insurance, though your mortgage lender may require you to carry it.

 
 
Ross Martin LinkedIn

As a licensed insurance agent, Ross is responsible for researching and writing about all matters related to insurance. He has a background in writing and education, as well as a master's degree from Royal Holloway, University of London. He has been quoted by CNET, iDriveSafely.com and Kin Insurance.

About The Zebra

The Zebra is not an insurance company. We’re an independent, unbiased partner for consumers, on a mission to help you compare insurance options apples-to-apples, so you can make a truly informed decision. We’re proud because: