Average homeowners insurance cost in Warwick, RI

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In Warwick, homeowners pay an average annual rate of $1,968 (for the coverage level of $300,000 for dwelling, $100,000 for liability protection, and $1,000 deductible), according to Insure.com’s rate analysis. It’s $536 less than the national average of $2,504.

Homeowners insurance rates change from one home to another. The home insurance premium in Warwick depends on various factors, such as:

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

To ensure you secure the best homeowners insurance policy, compare quotes from multiple insurers, enabling you to find the right coverage that aligns with your specific requirements.

Read this guide to learn how much homeowners insurance costs monthly in Warwick, what home insurance costs for different dwelling coverage, and which companies offer cheap home insurance in Warwick.

Key takeaways

In Warwick, homeowners insurance costs $1,968 annually.
State Farm offers the most affordable homeowners insurance in Warwick with an average annual premium of $1,423.
If you increase your dwelling coverage from $200,000 to $300,000, your annual home insurance premium will be $456 higher.

Average homeowners insurance cost in Warwick per month

According to our rate analysis, homeowners in Warwick pay an average of $164 per month. It’s same as the state average of $164 and $45 less than the national average for home insurance across the United States.

In Warwick, 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 Warwick

Homeowners insurance for dwelling coverage of $200,000 and liability protection of $100,000 costs $1,512 per year in Warwick, RI. Numerous factors influence your annual home insurance rates, including any natural disaster or event in your locality. For instance, certain regions have a higher risk of natural calamities such as floods, hurricanes, or tornadoes, implying higher expenses for rebuilding in these areas. These increased rebuilding expenses result in increased insurance premiums.

It is important to note that your insurance plan may not cover flood or hurricane damages. So, if you reside in an area prone to flooding, consider buying flood insurance coverage.

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

According to Insure.com’s rate analysis, homeowners in Warwick typically pay an average of $1,968 annually for a home insurance policy with $300,000 in dwelling coverage, $100,000 in liability protection, and a $1,000 deductible.

If you increase your dwelling coverage from $200,000 to $300,000, your home insurance rates will rise by $456. It is advisable to purchase enough insurance to cover the entire cost of rebuilding your home. The required amount of dwelling coverage can vary based on factors such as the size of your home, its features, and the cost of living in your area.

Average homeowners insurance cost in Warwick by company

After evaluating several carriers, State Farm is the least expensive homeowners insurance provider in Warwick. It’s average annual rate for homeowners in Warwick is $1,423.

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 Warwick and compiled a list of the cheapest home insurance providers. Below, you’ll find the home insurance companies in Warwick and their average annual premiums.

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

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.