Average homeowners insurance cost in Rhode Island

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The average cost of home insurance in Rhode Island is $2,421 per year for a standard policy.

Your premium is shaped by the dwelling coverage limit you select and the level of protection you need. Broader coverage generally means a higher cost. Higher coverage means higher premiums. State Farm stands out for its more affordable rates in the state, offering solid value as you weigh different levels of coverage.

Both avoid asserting anything about financial ratings, claims service, or stability – they stay anchored to price, which is the one thing you know for sure.

Compare quotes from multiple insurers and ask each one what discounts they offer. Premiums can differ significantly from company to company because they weigh things like where your home is located, how old it is, what it’s built from, the shape your roof is in, and your past claims. Pulling several quotes tied to your specific address is the surest way to spot the best value.

Key Takeaways

Based on our data, homeowners insurance in Rhode Island costs an average of $2,421 per year.
Among all ZIP codes in Rhode Island, 2812 has the most affordable rates, averaging around $2,185 annually.
For the lowest insurer rates in Rhode Island, State Farm comes in at an average annual premium of $1,386.

What is the average cost of homeowners insurance in Rhode Island?

Homeowners in Rhode Island pay an average of $2,421 per year for a policy with $300,000 in dwelling coverage, $100,000 in liability protection, and a $1,000 deductible.

How much is home insurance in Rhode Island? Cost by coverage level

On average, homeowners in Rhode Island pay $2,421 a year for insurance – a figure based on $300,000 in dwelling coverage, $100,000 in liability, and a $1,000 deductible.

Raising your dwelling coverage from $300,000 to $400,000, with the same liability and deductible, brings the average annual cost to $3,021 in Rhode Island.

The table below shows average homeowners insurance costs in Rhode Island for dwelling coverage from $200,000 to $1 million.

Coverage	Average annual rate	Average monthly rate
$200,000 with $1,000 Deductible and $200,000 Liability and 2% Hurricane	$1,816	$151
$200,000 with $1,000 Deductible and $300,000 Liability and 2% Hurricane	$1,832	$153
$300,000 with $1,000 Deductible and $200,000 Liability and 2% Hurricane	$2,421	$202
$300,000 with $1,000 Deductible and $300,000 Liability and 2% Hurricane	$2,445	$204
$400,000 with $1,000 Deductible and $200,000 Liability and 2% Hurricane	$3,021	$252
$400,000 with $1,000 Deductible and $300,000 Liability and 2% Hurricane	$3,037	$253
$600,000 with $1,000 Deductible and $200,000 Liability and 2% Hurricane	$4,360	$363
$600,000 with $1,000 Deductible and $300,000 Liability and 2% Hurricane	$4,378	$365
$1,000,000 with $2,500 Deductible and $200,000 Liability and 2% Hurricane	$5,924	$494
$1,000,000 with $2,500 Deductible and $300,000 Liability and 2% Hurricane	$5,943	$495

Average home insurance cost in Rhode Island by insurer

State Farm offers the most affordable homeowners insurance in Rhode Island, at an average annual premium of $1,386, followed by Amica and PURE.

You can save hundreds – if not thousands – of dollars each year by shopping around.

Below are the average annual and monthly insurance rates for Rhode Island homeowners for a policy with $300,000 dwelling coverage and $100,000 liability protection with a $1,000 deductible.

Company	Average annual rate	Average monthly rate
State Farm	$1,386	$115
Amica	$1,707	$142
PURE	$2,022	$169
Nationwide	$2,394	$199
Allstate	$2,646	$220
Heritage Insurance Holdings	$2,802	$234
Farmers	$2,803	$234
AIG	$2,832	$236
Andover Insurance	$3,244	$270

How to lower your home insurance rate

Shop around. A single quote won’t tell you much. Comparing rates from three or four different insurers in Rhode Island is the surest way to find a competitive price.
Bundle your policies. Pairing home and auto insurance, or renters and auto, with the same provider is a straightforward way to qualify for multi-policy discounts.
Ask about smart home discounts. Home security systems, smoke detectors, and leak detection devices are upgrades that many insurers reward with lower premiums.
Check for other savings. It’s worth asking your insurer about loyalty discounts, claims-free incentives, and credits for improvements like fire-resistant roofing materials.

How does your ZIP code affect home insurance rates in Rhode Island?

Where you live plays a major role in what you pay for home insurance. Your ZIP code signals the level of risk in your area, so places prone to crime, natural disasters, or costly rebuilds tend to come with higher premiums.

Here’s a look at the most and least affordable ZIP codes for home insurance across Rhode Island.

Most affordable ZIP codes for home insurance rates in Rhode Island

The most affordable rates are in 2812, where homeowners pay $2,185 per year on average.

Not every area in Rhode Island has the same home insurance cost. How much you pay for homeowners insurance in Rhode Island depends on many factors, including your ZIP code.

Below you can find homeowners insurance rates for some of the most affordable ZIP codes in Rhode Island.

ZIP code	Average annual rate	Average monthly rate
2812	$2,185	$182
2804	$2,193	$183
2873	$2,206	$184
2832	$2,233	$186
2806	$2,236	$186
2822	$2,243	$187
2809	$2,258	$188
2864	$2,285	$190
2858	$2,288	$191
2885	$2,290	$191

Most expensive ZIP codes for home insurance in Rhode Island

2807 carries the highest average home insurance rates in Rhode Island, at $2,714 per year.

ZIP codes with higher premiums typically reflect a combination of elevated crime, greater natural disaster exposure, and higher local costs of living and construction.

Below are average rates for some of the most expensive ZIP codes in Rhode Island.

ZIP code	Average annual rate	Average monthly rate
2807	$2,714	$226
2882	$2,669	$222
2841	$2,649	$221
2907	$2,642	$220
2905	$2,590	$216
2908	$2,581	$215
2840	$2,570	$214
2881	$2,565	$214
2823	$2,551	$213
2891	$2,548	$212

Home insurance rates vary from one city to another. But with Insure.com, finding the right home insurance policy is easy. Learn more about homeowners insurance costs for different cities below.

Home insurance rates in Rhode Island by city

See rates in your city

Cranston

Providence

Warwick

How has home insurance pricing shifted in Rhode Island?

From 2023 to 2025, home insurance rates in Rhode Island increase by 24%, mirroring the broader direction of the state’s insurance market over that period.

Here’s how rates have moved year over year since 2022:

2022 rates	2023 rates	2025 rates
$1,546	$1,952	$2,421

What are the best homeowners insurance companies in Rhode Island?

Based on our data, Amica stands out as a top choice in Rhode Island. It earns an AM Best rating of A+ and one of the lowest NAIC complaint scores in the state-a combination that points to both financial stability and customer satisfaction.

To identify the most reliable insurers, we weighed two key metrics:

AM Best Rating, which evaluates a company’s financial strength and its ability to pay out claims.
NAIC Complaint Score, which reflects how many complaints a company receives relative to its size, so a lower score signals fewer problems.

Together, these metrics help you determine an insurer’s financial stability and customer satisfaction. The table below breaks down the best companies in Rhode Island by average annual premium, financial rating, and complaint history.

Company	Average annual premium	Am Best Rating	NAIC Complaint Index	Overall score
Amica	$1,707	A+	0.37	4.76
State Farm	$1,386	A+	1.15	4.76
PURE	$2,022	A	0.09	4.63
Allstate	$2,646	A+	1.26	4.6
AIG	$2,832	A	0.14	4.53
Nationwide	$2,394	A	1.34	4.52
Farmers	$2,803	A	0.89	4.5
Andover Insurance	$3,244	A	0.1	4.48

How to understand insurer ratings and complaint data

When choosing an insurer, you want to know if the company can pay your claim, and if customers are satisfied with it. Rating agencies track this data so you can make an informed decision at renewal.

Here are the two ratings that we have referred to:

AM Best: A global agency that rates insurers based on their financial strength and ability to pay claims. A higher score means the company is more financially stable.
NAIC Complaint Index: The National Association of Insurance Commissioners tracks consumer complaints. A score below 1.00 means fewer complaints than expected for a company of that size, while a score above 1.00 means more complaints than expected.

What factors affect your home insurance rate?

Home insurance is priced according to the risk an insurer associates with your property and personal profile. The factors that carry the most weight include:

Where you live. Crime levels, weather-related risks, and local claims activity all factor into your rate.
Your claims history. Having filed claims in the past generally leads to a higher premium going forward.
Your credit-based insurance score. Most states allow insurers to use credit as a pricing factor. A lower score can result in a higher rate, though states such as California and Massachusetts have restrictions on this practice.
Your coverage limits and deductible. Choosing higher coverage or a lower deductible will increase your annual cost.

Home insurance costs have also been rising nationally. S&P Global Market Intelligence’s RateWatch application found that premiums for owner-occupied homes increased by more than 11% in 2023.

Resources and Methodology

Sources:

S&P Global. “US homeowners insurance rates jump by double digits in 2023.” Accessed August 2026.

Methodology

Insure.com worked with Quadrant Information Services to compile homeowners insurance data, analyzing 37,973,840 quotes from 75 company groups (134 companies) across 34,595 ZIP codes in all 51 states.

Rates are based on a sample homeowner profile with good credit and the following coverage:

$300,000 dwelling coverage
$100,000 liability protection
$1,000 deductible

The national average annual premium (non-hurricane deductible) is $2,543.

Company rankings factor in:

AM Best rating: 30%
NAIC score: 35%
Annual premium: 35%

All quoted rates are for comparison purposes and individual premiums may vary.

Alisha Ambre

Alisha Ambre holds a Bachelor of Arts with honours in English Literature and Media Studies. She focuses on crafting clear, engaging content that makes complex information feel practical and approachable for everyday readers. When she’s not writing, she’s likely on the volleyball court or immersed in a good video game.