Whether you’re buying a new or existing home or want to best protect the property you currently own, it’s important to have sufficient homeowners insurance coverage in place. But these policies can get expensive, depending on your coverage inclusions and level.

United provides the cheapest homeowners insurance with an average cost of $1,210 per year.

To help you save money on homeowners insurance, we’ve researched the industry and can suggest three particular insurers with the most affordable coverage on average in Rhode Island. Read on for our recommendations and tips for shopping around and saving money on homeowners insurance.

Key Takeaways

  • For homeowners insurance with $300,000 dwelling coverage, $300,000 liability protection and $1,000 deductible, United offers the cheapest homeowners insurance in Rhode Island at $1,210 per year.
  • In Rhode Island the homeowners insurance cost is $180 less than the national average.
  • Amongst all the zip codes in Rhode Island, the cheapest homeowners insurance is available at the 2875 zip code, with average annual premium of $1,711 per year.

Cheap homeowners insurance companies in Rhode Island

United, State Farm and Narragansett Bay Insurance have the lowest average home insurance rates with $300,000 dwelling and $300,000 liability coverage with a $1,000 deductible.

Here are the average Rhode Island homeowners insurance rates by company. You may wonder: How much is homeowners insurance a month in Rhode Island? We included those averages, too:

CompanyAverage annual premiumAverage monthly premium
United$1,210$101
State Farm$1,488$124
Narragansett Bay Insurance$1,633$136
Allstate$1,893$158
Nationwide$1,899$158
Amica$2,164$180
Metropolitan$2,429$202
Liberty Mutual$3,548$296

Compare cheap homeowners insurance in Rhode Island by ratings

It’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 cheap homeowners insurance companies.

CompanyJ.D. Power scoreAM Best rating
State Farm835A++
Allstate829A+
Nationwide812A+
Liberty Mutual806A

How much is home insurance in Rhode Island

The average Rhode Island homeowners insurance is $2,125 for a policy with $300,000 dwelling coverage and $300,000 liability with a $1,000 deductible. Experts recommend at least $300,000 liability coverage to protect your home against lawsuits. The average Rhode Island home insurance costs are $180 less than the national average.

Actual home insurance costs vary depending on multiple metrics, including location, claims history and discounts, such as auto and home bundling.

For instance, home insurance premiums are partially based on the home’s claims history (even from before you bought the property) and your neighbor’s claims history.

Homeowners insurance companies decide upon rates based on risks. 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 your home insurance costs.

Average annual premiumAverage monthly premium
$2,125$177

Cheapest homeowners insurance in Rhode Island by ZIP code

Not every city in Rhode Island have the same home insurance costs. The price of homeowners insurance depends on a lot of different factors and one of them is your zip code. The least expensive zip code for home insurance in Rhode Island is 2875 with an average annual premium of $1,711 per year.

Find below the homeowners insurance annual and monthly rate for your zip code.

ZIP codeAverage annual premiumAverage monthly premium
2875$1,711$143
2876$1,779$148
2864$1,867$156
2895$1,889$157
2858$1,890$158
2832$1,894$158
2838$1,895$158
2833$1,898$158
2896$1,905$159
2804$1,908$159
2830$1,909$159
2873$1,921$160
2859$1,923$160
2812$1,926$160
2826$1,927$161

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