- Best home insurance companies in Rhode Island: State Farm
- Cheapest home insurance companies in Rhode Island: State Farm
- Average home insurance cost in Rhode Island
- Rhode Island home insurance rates by ZIP code
- Compare homeowners insurance rates by city in Rhode Island
- Compare Rhode Island homeowners insurance rates with other states
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.
| 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 |
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.
| 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 |
*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.
Home insurance calculator
Average home insurance rates in TexasMost & 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 |
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 InsuranceThe 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 |
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 |
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.
City Annual insurance premium
Compare Rhode Island homeowners insurance rates with other states
Helpful home insurance tools and calculators
You might also be interested in- Traffic ticket calculator in Rhode Island
- Best and cheapest non-owner car insurance in Rhode Island
- Rhode Island gap insurance: Everything you need to know
- Low-income car insurance in Rhode Island: What you need to know
- Rhode Island car insurance guide
- Cheapest car insurance for high-risk drivers in Rhode Island
- Cheapest home and auto insurance bundle in Rhode Island
- Best and cheap car insurance in Rhode Island for 2024
- Best condo insurance in Rhode Island for 2024
- Best and cheapest renters insurance in Rhode Island