Finding a homeowners insurance policy shouldn't be confusing. Compare rates by city and insurance company below.
Homeowners insurance isn't required, but it is important. A home insurance policy keeps your personal items protected. A homeowners policy defends your house and property from a number of circumstances, including theft, fire, vandalism, or wind damage.
Unlike car insurance, homeowners policies aren’t controlled by state legislation. Even so, major discrepancies exist in home insurance rates on a state-by-state basis. Home insurance policy rates in US states may vary based on the value of — and frequency of — home insurance claims lodged in the state, and also on the value of the belongings and structures covered by the policy.
The easiest way to find an affordable homeowners insurance policy in Rhode Island is to shop around and compare rates from multiple insurance companies. Get an idea of how much home insurance costs in Rhode Island via the below data. Remember: your rates will vary, depending on your coverage limits.
Homeowners insurance rates in Rhode Island differ based on the insurance company you select. State Farm provides the most affordable home insurance in Rhode Island — only $555 yearly. This compares favorably to the state average cost of $1,388, offering an $833 discount on average statewide home insurance costs.
Start your search for a home insurance policy by reviewing the cheapest Rhode Island home insurance carriers, listed below.
| Company | Average 12-Month Rate in Rhode Island |
| State Farm | $555.23 |
| Narragansett Bay | $606.39 |
| United | $795.96 |
| New London County Mutual | $846.35 |
| AIG | $1,120.37 |
Not all Rhode Island cities have equal homeowners insurance rates. Policies are often priced on city-specific variables, such as the number of local claims filed, meaning your specific ZIP code impact how much you pay.
The most affordable home insurance in Rhode Island is found in Harrisville. An average home insurance policy in Harrisville costs $1,234 per year — $154 less than the average policy in other Rhode Island cities. The below table shows the best places to live in Rhode Island if you’re looking for cheap homeowners insurance.
| City | Average Annual Home Insurance Rate |
| Harrisville | $1,233.50 |
| Pascoag | $1,238.59 |
| Woonsocket | $1,241.63 |
| Harmony | $1,242.44 |
| Greenville | $1,246.63 |
To trim a few dollars from your insurance costs, consider purchasing your homeowners and car insurance policies from the same company. A home and auto insurance bundle in Rhode Island can save you a substantial sum each month on car insurance. Bundling home and auto policies in Rhode Island may earn you average annual savings of $178.
| Avg. Annual Auto Insurance Rate (No Bundle) | Avg. Annual Auto Insurance Rate (Bundle) | Annual Bundle Savings | Bundle Savings % |
| $2,076.00 | $1,898.00 | $178.00 | 9% |
A great way to save is to bundle your auto and homeowners insurance policies. Start shopping today!
Rhode Island does not requrie homeowners insurance, though your mortgage lender may require you to carry it.
