Average homeowners insurance cost in Warwick, Rhode Island

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Our data shows that the average cost of homeowners insurance in Warwick is $1,968 per year (for the coverage level of $300,000 for dwelling, $100,000 for liability protection and $1,000 deductible). It’s $536 less than the national average of $2,504 .

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

Size of your home
Age of your home
Amount of coverage required
Location
Your credit score

To make sure you are getting the best deal on home insurance, it is important to get quotes from multiple insurers to find the right coverage for your needs. Read this guide for more info on how much homeowners insurance costs per month in Warwick, home insurance costs for different dwelling coverage, and which companies offer cheap home insurance in Warwick.

Key Takeaways

The average cost of homeowners insurance in Warwick is $1,968 per year.
State Farm is the cheapest homeowners insurance company in Warwick with an average annual premium of $1,423 .
If you increase your dwelling coverage from $200,000 to $300,000, you will just have to pay $456 more a year for home insurance.

Average homeowners insurance cost in Warwick per month

Residents of Warwick pay an average of $164 a month for homeowners insurance. It’s same as the state average of $164 and $45 less than the national average for home insurance across the nation.

The cost of your homeowners insurance policy in Warwick may change based on location, property value, and selected coverage options.

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

The average cost of homeowners insurance in Warwick, RI is $1,512 annually for the dwelling coverage of $200,000 and the liability protection of $100,000. The cost of your home insurance each year depends on several factors – including the risk of natural disasters in your area. If your city is prone to events like hurricanes, wildfires, or floods, you’ll likely pay more for coverage.

Some places are more prone to natural disasters, like floods, hurricanes, or tornadoes. That makes rebuilding after a major event more expensive, which is why home insurance tends to cost more in those areas. And keep in mind, your standard policy probably doesn’t cover flood or hurricane damage. If you live in a high-risk zone, it’s definitely worth looking into separate flood insurance for extra protection.

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

According to a rate analysis by Insure.com, homeowners in Warwick pay an average of $1,968 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’ll have to pay $456 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, its features, and the cost of living in your area.

Average homeowners insurance cost in Warwick by company

Among the carriers we analyzed, State Farm is the most affordable homeowners insurance company in Warwick, offering an average annual rate of $1,423 , while AIG ranks second.

Researching a company thoroughly before selecting a homeowners insurance policy is essential – and we can help with that. We took a close look at all the insurance companies serving Warwick and put together a list of the most affordable ones.

Here’s a look at the top home insurance companies in Warwick and what you can expect to pay with each one on average.

Home Insurance Company	Annual rate
State Farm	$1,423
AIG	$1,581
Pure Companies Grp	$1,724
Nationwide	$1,941
Allstate	$2,274
Amica Mutual	$2,300
Andover Insurance	$2,534

Many insurance companies offer discounts to customers who bundle their policies. By combining your home insurance policy with other policies, such as auto insurance, you can lower your premiums and simplify your insurance management with one provider.

Natural disasters in Rhode Island that can impact your home insurance

Living in Rhode Island comes with the threat of natural disasters, which can cause significant damage to homes and property, often resulting in costly insurance claims. Understanding which natural disasters are most common in your area is essential when selecting a home insurance policy.

By knowing the specific risks in your region, you can make informed decisions about coverage limits, deductibles, and whether you need additional protection. That knowledge ensures you’re not left underinsured when disaster strikes and protects your financial well-being in the long run.

Rhode Island is commonly affected by Coastal flooding, Heat wave, Hurricane, Ice storm and Riverine flooding.

How home insurance protects you against natural disasters

If your home is hit by a covered event, your insurance can help pay for repairs, replace your belongings, and even cover temporary housing if you can’t live in your home. Having the right coverage in place can make it a lot easier to get back on your feet after a disaster.

That said, not everything is automatically included. While most standard policies cover things like wind, hail, and lightning, you’ll usually need extra coverage for disasters like floods, earthquakes, or wildfires. It’s worth taking the time to understand exactly what your policy includes so there are no surprises when you need it most.

Pro tip: Review your policy annually

There’s little time to prepare for a natural disaster, and it’s too late to make changes once a storm is on the radar. Make sure your homeowners insurance includes coverage for the types of disasters common in your area. Standard policies don’t always cover everything, like flood damage, so double-check exclusions and consider add-ons if you need them.

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Warwick 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.

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Shivani Gite

Contributing Writer

Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions.