Average homeowners insurance cost in Providence, RI

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As per Insure.com’s rate data analysis, the average cost of homeowners insurance in Providence is $1,952 per year (for the coverage level of $300,000 for dwelling, $100,000 for liability protection and $1000 deductible), It’s $552 less than the national average of $2,504.

Homeowners insurance rates differ significantly from one home to another. Home insurance rates in Providence depend on several factors, including:

Size of your home
Age of your home
Amount of coverage you need
Location
Your credit score

State Farm is the cheapest homeowners insurance company in Providence with an average annual premium of $1,952 per year.

This guide covers everything from available coverage options to companies with the cheapest homeowners insurance rates in Providence. Keep reading to learn about the monthly cost of homeowners insurance in Providence, the cost for different dwelling coverage levels, and discover which companies provide the most affordable home insurance in Providence.

Key takeaways

The cost of your homeowners insurance policy in Providence can vary based on factors such as your location, the value of your home, and the coverage options you select.
State Farm is the cheapest homeowners insurance company in Providence with an average annual premium of $1,420.
If you increase your dwelling coverage from $200,000 to $300,000, you will pay $445 more, annually for home insurance.

Average homeowners insurance cost in Providence per month

According to our rate analysis, homeowners in Providence pay an average of $163 per month. It’s $1 less than the state average of $164 and $46 less than the national average for home insurance across the United States.

In Providence, the cost of your homeowners insurance policy depends on the value of your home, location, and the coverage options you select.

Average homeowners insurance cost for a $200,000 house in Providence

The average cost of homeowners insurance in Providence, RI is $1,507 annually for the dwelling coverage of $200,000 and the liability protection of $100,000. The amount you pay for home insurance each year depends on many different things. The types of natural disasters or events that take place in your area affect how much you pay for coverage in your city.

Some areas are more at risk for natural disasters, like flood, hurricanes, or tornadoes. This means that if something happens, the cost of rebuilding would be higher in those areas, thereby leading to higher insurance premiums. Your insurance policy might not cover damage caused by floods or hurricanes. So, if you live in a flood-prone area, consider buying flood insurance coverage.

Average homeowners insurance cost for a $300,000 house in Providence

According to a rate analysis by Insure.com, homeowners in Providence pay an average of $1,952 per year for a $300,000 house. These rates are for the coverage limits of $100,000 for liability protection and $1000 deductible.

If you increase your dwelling coverage from $200,000 to $300,000, you will just have to pay $445 more a year for home insurance. It would be best to buy enough insurance to cover the full cost of rebuilding your home.

However, the amount of dwelling coverage you need may vary depending on the size of your home, the features in your home, and the cost of living in your area.

Average homeowners insurance cost in Providence by company

After evaluating several carriers, State Farm is the least expensive homeowners insurance provider in Providence. It’s average annual rate for homeowners in Providence is $1,420.

AIG holds the second position, while Pure Companies Grp secures the third spot with an average annual home insurance rate of $1,724.

Researching the insurance company is crucial before selecting a homeowners insurance policy. Our experts have analyzed all insurance providers in Providence and compiled a list of the cheapest home insurance providers. Below, you’ll find the home insurance companies in Providence and their average annual premiums.

Home Insurance Company	Annual rate
State Farm	$1,420
AIG	$1,623
Pure Companies Grp	$1,724
Nationwide	$2,154
Allstate	$2,255
Andover Insurance	$2,331
Amica Mutual	$2,160

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Providence for $300,000 dwelling coverage and $100,000 liability coverage with a $1,000 deductible. The data presented are those with a good credit tier alignment.