Best and cheapest homeowners insurance in Rhode Island for 2024

Best home insurance companies in Rhode Island: State Farm

The best home insurance company in Rhode Island for 2024 is State Farm. Amica Mutual, AIG, Nationwide, and Allstate are among the top home insurance companies in Rhode Island based on price, NAIC complaints, and AM Best financial ratings.

The total Insurance.com score is calculated out of five using these factors.

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Best home insurance in Rhode Island
Company	AM Best	NAIC complaint ratio	Insurance.com score	Average annual rate
State Farm	A++	0.83	4.17	$1,446
Amica Mutual	A+	0.35	4.03	$2,237
AIG	N/A	0.09	3.22	$1,607
Nationwide	A+	1.05	2.88	$2,045
Allstate	A+	1.46	2.55	$2,085

Data updated in 2024

Cheapest home insurance companies in Rhode Island: State Farm

Below are Rhode Island home insurance rates by company for five different levels of dwelling coverage, each with $300,000 in liability and a $1,000 deductible. Based on our rate analysis, you’ll see State Farm has the most affordable rates for all coverage levels.

Cheapest home insurance in Rhode Island
Company	$200,000	$300,000	$400,000	$600,000	$1,000,000
State Farm	$1,106	$1,446	$1,782	$2,439	$3,618
AIG	$1,336	$1,607	$1,968	$2,681	$3,992
Pure Insurance	$1,256	$1,807	$2,363	$3,526	$5,630
Nationwide	$1,488	$2,045	$2,593	$3,745	$5,970
Allstate	$1,721	$2,085	$2,451	$3,370	$5,674
Amica	$1,636	$2,237	$2,758	$3,805	$5,607
Andover Insurance	$1,993	$2,422	$2,754	$3,725	$6,155

Data updated in 2024

*USAA only provides coverage to military members, veterans and their families.

Average home insurance cost in Rhode Island

The average cost of homeowners insurance in Rhode Island is $1,774 a year or $148 a month. This is based on coverage of:

$300,000 dwelling
$300,000 liability
$1,000 deductible
2% hurricane deductible

However, the average annual premium varies by the insurance company, your ZIP code, coverage type, your home's age, among other factors. It’s a good idea to compare price quotes from different Rhode Island homeowners insurance companies to get the best deal.

Rhode Island home insurance rates by ZIP code

Home insurance rates can vary widely depending on where the home is located. We compared home insurance rates by ZIP code in Rhode Island to see which areas are the most and least expensive.

Enter your ZIP code and desired coverage level in the search box to see the average home insurance rate for that area. You will also see the highest and lowest premiums from major home insurers. This will give you an idea of how much you can save by comparing home insurance rates. The difference between the highest rate and the lowest rate is how much you could save by shopping around.

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Most & least expensive ZIP codes for homeowners insurance in Texas

Most expensive

ZIP code	City	Highest rate
77550	Galveston	$10,164
77586	El Lago	$9,906
77551	Galveston	$9,536
77554	Galveston	$9,358

Least expensive

ZIP code	City	Lowest rate
78559	Iglesia Antigua	$1,956
78593	Santa Rosa	$1,999
79915	El Paso	$2,008
79905	El Paso	$2,009

Data updated in 2024

Read our methodology

The Rhode Island Division of Insurance says...

Most mortgage lenders require you to have insurance while you have a mortgage and to list them as the mortgagee on the policy. If you let your homeowner's insurance lapse your mortgage lender will likely force your home to be insured and you are likely responsible for this cost. Compared to a policy you would buy on your own, the premium for the policy they purchase might be more costly and the coverage is only for damage to the actual structure of your home.

- The Rhode Island Division of Insurance

The most expensive ZIP codes in Rhode Island for home insurance

Rhode Island homeowners insurance rates are the most expensive for ZIP code 02881, with an average annual cost of $1,892.

The most expensive ZIP codes in Rhode Island are:

ZIP code	Average annual rate
02881	$1,892
02827	$1,882
02907	$1,878
02813	$1,869
02882	$1,868
02891	$1,861

Data updated in 2024

The least expensive ZIP codes in Rhode Island for home insurance

The cheapest ZIP codes for home insurance in Rhode Island are:

ZIP code	Average annual rate
02809	$1,657
02807	$1,660
02806	$1,662
02864	$1,665
02895	$1,680
02879	$1,686

Data updated in 2024

Rhode Island homeowners insurance rates by county

County	Average annual premium	Average monthly premium
Bristol	$1,917	$160
Kent	$2,013	$168
Newport	$2,163	$180
Providence	$1,937	$161
Washington	$2,002	$167

Data updated in 2024

Compare homeowners insurance rates by city in Rhode Island

Home insurance rates vary significantly across cities, influenced by various factors, including weather patterns, crime rates, and property values. You must consider these factors and compare quotes from different insurers to get the best deal on home insurance for your specific city in Rhode Island.