Home Home insurance Average home insurance cost Average homeowners insurance cost in Rhode Island Average homeowners insurance cost in Rhode Island View Carriers Please enter valid zip Compare top carriers in your area Written by Insure.com's EditorUpdated on: February 21, 2024 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. Whether you’re buying a new home or want to protect the property you currently own, it’s important to have sufficient homeowners insurance coverage in place. But home insurance policies can get expensive, depending on the coverage level you choose and your insurer.On average, Rhode Island homeowners insurance costs $1,534 a year, based on Insure.com’s data. Learn more about the average homeowners insurance rates by company and ZIP code in Rhode Island.Key TakeawaysHomeowners insurance costs an average of $1,534 a year, based on Insure.com analysis.Amongst all the ZIP codes in Rhode Island, 2806 has the most affordable home insurance rates, around $1,419 annually.In Rhode Island, State Farm provides the most affordable home insurance at an average annual premium of $933.Average home insurance cost in Rhode Island by coverage levelThe average cost of homeowners insurance in Rhode Island is $1,534 per year for the coverage limits of $300,000 dwelling coverage and $100,000 liability with a $1000 deductible.However, if you increase the dwelling coverage from $300,000 to $400,000, you will pay $1,888 per year for homeowners insurance in Rhode Island for $100,000 in liability protection and $1000 deductible.Find below the average cost of homeowners insurance in Rhode Island for dwelling coverage of $300,000, $400,000 and $500,000CoverageAverage annual rateAverage monthly rate$3,00,000 with $1,000 Deductible and $1,00,000 Liability$1,534$128$4,00,000 with $1,000 Deductible and $1,00,000 Liability$1,888$157$5,00,000 with $1,000 Deductible and $1,00,000 Liability$2,278$190Homeowners insurance companies in Rhode Island decide rates based on risks. They consider your location, claims history, credit history and coverage limits, etc., to calculate premiums.If your neighborhood has seen many claims over the past few years, you can expect to pay higher home insurance rates than an area with few to no claims. Your credit score can also play a role in determining your home insurance costs.Best homeowners insurance companies in Rhode IslandIt’s always wise to shop around and compare prices before you buy your home insurance. There are many factors that go into deciding the best homeowners insurance company.We have compared the insurers in Rhode Island using their J.D. Power score and AM Best rating and put together a list of the best homeowners insurance in Rhode Island. Based on the analysis, State Farm received the highest J.D. power score of 829 and A++ rating from AM Best.CompanyA.M. Best ratingJ.D. Power ratingOverall scoreState FarmA++8294.55Amica MutualA+8494.01AllstateA+8153.42NationwideA+8163.39Average homeowners insurance cost by company in Rhode IslandState Farm offers the most affordable homeowners insurance in Rhode Island, at an average annual premium of $933 a year, followed by United Insurance Holdings and Heritage Insurance Holdings.You can save hundreds— if not thousands of dollars each year if you shop around for homeowners insurance.Here 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 $1000 deductible.CompanyAverage annual rateAverage monthly rateState Farm$933$78United Insurance Holdings$1,042$87Heritage Insurance Holdings$1,158$96AIG$1,274$106Allstate$1,616$135Nationwide$1,693$141Pure Companies Grp$1,755$146Amica Mutual$1,806$150Andover Insurance$2,531$211Rhode Island homeowners insurance rates by ZIP codeInsurance companies in Rhode Island assess the risk associated with a specific location. ZIP codes with higher crime rates, instances of natural disasters, or poor road conditions may be deemed higher risk, resulting in higher insurance rates. The cost of rebuilding or repairing homes in a specific ZIP code can also impact how much you pay for a home insurance policy.Make sure you shop around and compare quotes from various insurance companies to get the best deal on homeowners insurance rates in Rhode Island. Don’t forget to ask about any available discounts, such as bundling policies or a smart home discount.Most affordable ZIP codes for home insurance rates in Rhode IslandNot every area in Rhode Island has the same home insurance cost. How much is home insurance in Rhode Island depends on a lot of different factors and one of them is your ZIP code. 2806 ZIP has low cost home insurance rates in Rhode Island, at about $1,419 a year or $118, based on Insure.com data.Find below the homeowners insurance rates for some of the most affordable ZIP codes in Rhode Island. ZIP codeAverage annual rateAverage monthly rate2806$1,419$1182877$1,429$1192809$1,430$1192833$1,441$1202812$1,442$1202836$1,445$1202804$1,448$1212898$1,448$1212875$1,449$1212894$1,450$121 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 cityCranstonEast ProvidencePawtucketProvidenceWarwickFinal thoughtsFinding the right homeowners insurance company takes some digging and comparing quotes from various insurers.Home insurance companies gauge risk differently from one another. That’s why getting quotes from at least three homeowners insurance companies is important for getting affordable homeowners insurance in Rhode Island.MethodologyInsure.com worked with Quadrant Information Service to get homeowners insurance data. To determine the average premiums, we analyzed 14,723,760 insurance quotes from 147 insurance companies across 34,587 ZIP codes.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 deductibleThe quoted insurance rates are for comparison purposes, and your individual rates may vary. Explore other insurance options in Rhode-Island Average renters insurance cost in Rhode Island Average car insurance cost in Rhode Island Non-owner auto insurance in Rhode Island How much is home insurance in other statesAlaska$1,867/YearAlabama$2,882/YearArkansas$4,062/YearArizona$1,947/YearCalifornia$1,357/YearColorado$3,376/YearConnecticut$2,165/YearWashington D.C.$1,203/YearDelaware$1,230/YearFlorida$2,260/YearGeorgia$2,375/YearHawaii$562/YearIowa$2,389/YearIdaho$1,879/YearIllinois$2,589/YearIndiana$2,707/YearKansas$4,648/YearKentucky$3,153/YearLouisiana$2,843/YearMassachusetts$1,583/YearMaryland$1,685/YearMaine$1,420/YearMichigan$2,306/YearMinnesota$2,307/YearMissouri$3,335/YearMississippi$3,541/YearMontana$2,857/YearNorth Carolina$2,689/YearNorth Dakota$2,931/YearNebraska$4,614/YearNew Hampshire$1,190/YearNew Jersey$1,245/YearNew Mexico$2,530/YearNevada$1,433/YearNew York$1,727/YearOhio$2,005/YearOklahoma$4,934/YearOregon$1,491/YearPennsylvania$1,820/YearSouth Carolina$2,751/YearSouth Dakota$3,514/YearTennessee$2,857/YearTexas$3,977/YearUtah$1,411/YearVirginia$2,043/YearVermont$1,158/YearWashington$1,643/YearWisconsin$1,495/YearWest Virginia$1,781/YearWyoming$1,846/YearShow more In case you missed it What is HO-6 condo insurance and how much does it cost? 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