Average homeowners insurance cost in Rhode Island

Why you can trust Insure.com

Quality Verified

At Insure.com, we are committed to providing the timely, accurate and expert information consumers need to make smart insurance decisions. All our content is written and reviewed by industry professionals and insurance experts. Our team carefully vets our rate data to ensure we only provide reliable and up-to-date insurance pricing. We follow the highest editorial standards. Our content is based solely on objective research and data gathering. We maintain strict editorial independence to ensure unbiased coverage of the insurance industry.

The average cost of home insurance in Rhode Island is $1,932 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.

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 $1,932 per year.
Among all ZIP codes in Rhode Island, 2864 has the most affordable rates, averaging around $1,745 annually.
For the lowest insurer rates in Rhode Island, State Farm comes in at an average annual premium of $1,436.

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

The average homeowners insurance premium in Rhode Island is $1,932 per year. That figure is based on 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 $1,932 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 $2,363 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 $100,000 Liability and 2% Deductible	$1,489	$124
$200,000 with $1,000 Deductible and $300,000 Liability and 2% Deductible	$1,505	$125
$300,000 with $1,000 Deductible and $100,000 Liability and 2% Deductible	$1,932	$161
$300,000 with $1,000 Deductible and $300,000 Liability and 2% Deductible	$1,950	$162
$400,000 with $1,000 Deductible and $100,000 Liability and 2% Deductible	$2,363	$197
$400,000 with $1,000 Deductible and $300,000 Liability and 2% Deductible	$2,381	$198
$600,000 with $1,000 Deductible and $100,000 Liability and 2% Deductible	$3,306	$276
$600,000 with $1,000 Deductible and $300,000 Liability and 2% Deductible	$3,327	$277
$1,000,000 with $1,000 Deductible and $100,000 Liability and 2% Deductible	$5,211	$434
$1,000,000 with $1,000 Deductible and $300,000 Liability and 2% Deductible	$5,235	$436

Average home insurance cost in Rhode Island by insurer

State Farm has the lowest average homeowners insurance premiums in Rhode Island at $1,436 per year. AIG and PURE also offer competitive rates worth comparing.

Taking the time to shop around can save you a significant amount each year.

The table below shows average annual and monthly rates from insurers in Rhode Island, based on $300,000 in dwelling coverage, $100,000 in liability protection, and a $1,000 deductible.

Company	Average annual rate	Average monthly rate
State Farm	$1,436	$120
AIG	$1,607	$134
PURE	$1,807	$151
Nationwide	$2,019	$168
Allstate	$2,026	$169
Amica	$2,215	$185
Andover Insurance	$2,417	$201

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?

Your ZIP code is one of the biggest factors in your home insurance rate, because it tells the insurer how much risk comes with your location. Areas with higher crime rates, frequent natural disasters, or high rebuilding costs are treated as higher-risk-and that pushes premiums up.

Below are the most affordable and most expensive ZIP codes for home insurance in Rhode Island

Most affordable ZIP codes for home insurance rates in Rhode Island

The most affordable rates are in 2864, where homeowners pay $1,745 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
2864	$1,745	$145
2895	$1,753	$146
2838	$1,794	$150
2826	$1,802	$150
2858	$1,804	$150
2876	$1,807	$151
2830	$1,809	$151
2839	$1,812	$151
2824	$1,817	$151
2859	$1,824	$152

Most expensive ZIP codes for home insurance in Rhode Island

2882 carries the highest average home insurance rates in Rhode Island, at $2,184 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
2882	$2,184	$182
2841	$2,179	$182
2813	$2,173	$181
2891	$2,168	$181
2881	$2,150	$179
2835	$2,126	$177
2872	$2,123	$177
2837	$2,122	$177
2801	$2,121	$177
2840	$2,094	$175

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

What are the best homeowners insurance companies in Rhode Island?

Based on our data, State Farm stands out as the top choice in Rhode Island. It earns an AM Best rating of A++ and holds one of the lowest NAIC complaint scores statewide-a strong sign of both reliability and customer satisfaction.

To pinpoint the most trustworthy insurers, we measured each company against two benchmarks:

AM Best Ratings gauge a company’s financial strength and its ability to pay claims when you need it most.
NAIC Complaint Scores compare how often a company is the subject of complaints relative to its size, with lower scores pointing to fewer problems.

Looked at together, these benchmarks give a dependable picture of an insurer’s financial footing and the experience you can expect as a customer. The table below ranks the leading companies in Rhode Island by annual premium, financial rating, and complaint history.

Company	Average annual premium	AM Best rating	NAIC Complaint Index	Overall score
State Farm	$1,436	A++	0.95	5
Pure Companies Grp	$1,807	A++	0.08	4.73
AIG	$1,607	A	0.09	4.67
Nationwide	$2,019	A+	0.87	4.19
Allstate	$2,026	A+	0.9	4.18
Andover Insurance	$2,417	A	0.08	3.65

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 rates come down to how much risk you represent to the insurer. The main factors they weigh:

Where you live. Local crime, weather risk, and how often neighbors file claims.
Your claims history. Past claims usually raise your rate.
Your credit-based insurance score. Weaker credit can mean a higher premium (restricted in some states, like California and Massachusetts).
Your coverage limits and deductible. More coverage or a lower deductible costs more.

Rates have also been climbing across the board. Home insurance premiums for owner-occupied homes rose more than 11% nationwide in 2023, according to S&P Global Market Intelligence’s RateWatch application.

Resources & methodology

Source

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

Methodology

Insure.com worked with Quadrant Information Services to get homeowners insurance data. We analyzed 20,739,560 insurance quotes from 82 national and regional insurance companies across 34,588 ZIP codes to determine the average premiums.

The insurance rates are based on a sample profile of a homeowner with good credit and the following coverage level:

$300,000 dwelling coverage
$100,000 liability protection
$1000 deductible

We have taken into account 3 important factors, such as average annual cost, NAIC score, and AM Best rating, to determine the list of best homeowners insurance companies. The quoted insurance rates are for comparison purposes, and your individual rates 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.