Average renters insurance cost in Pawtucket, RI

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Renters insurance in Pawtucket, costs $467 per year for $40,000 in personal property, $300,000 in liability and a $1,000 deductible, which is $1 less than the state average of $468 annually.

Your renters insurance premium could be higher or lower depending on the coverage and liability limits you select. Purchasing renters insurance is a good idea, as it helps protect your personal property from damage or loss due to events like fire, smoke, theft and vandalism.

Want to know who has the most affordable rates? Here are the most affordable renters insurance companies in Pawtucket.

Key Takeaways

Renters insurance in Pawtucket costs an average of $467 per year or $39 monthly.
Amica offers the cheapest renters in Pawtucket, with a monthly premium of $15.
Renters can save more on insurance by taking advantage of discounts, including those for having a security system or bundling policies.

What is the average cost of renters insurance per month in Pawtucket?

On average, renters insurance costs in Pawtucket are $39 per month. It’s equals to the state average of $39. Renters in Pawtucket pay these rates for a coverage limit of $40,000 in personal property coverage, $1,000 deductible, and $300,000 in liability protection coverage.

Renters insurance rates can vary by city based on your insurer and the amount of coverage you choose. In Pawtucket, for example, renters pay around $33 per month for $20,000 in personal property coverage with a $1,000 deductible. If you increase your coverage to $40,000, the monthly premium goes up by $6.

If you own high-value items like jewelry, electronics, or designer furniture, it’s a good idea to consider higher coverage limits to make sure you’re fully protected.

How much is renters insurance in Pawtucket by deductible?

Renters insurance in Pawtucket costs $424 per year for a $500 deductible and $20,000 in personal property coverage.

Your deductible is the amount you agree to pay before your insurance coverage kicks in. If you increase your deductible limit, your insurance cost will go down. For instance, if the personal property coverage is the same (e.g., $20,000) but you increase your deductible limit from $500 to $1,000, you will pay $31 less every year for insurance.

Below are the renters insurance rates for different personal property coverage and deductible amounts.

Deductible	$20,000 personal property	$40,000 personal property	$60,000 personal property
$500	$424	$504	$576
$1,000	$393	$467	$534

Note: The liability protection coverage is $100,000.

Who offers affordable renters insurance in Pawtucket?

Amica provides the cheapest rates in Pawtucket, with an annual premium of $181 or $15 per month. State Farm is the second-cheapest company, followed by Nationwide.

Below is a list of the cheapest renters insurance companies and their average annual and monthly rates.

Renter insurance provider	Average annual rate	Average per month rate
Amica	$181	$15
State Farm	$187	$16
Nationwide	$205	$17
Allstate	$249	$21
New London County Insurance	$310	$26
Farmers	$423	$35
AIG	$807	$67
PURE	$1,378	$115

How to lower the cost of renters insurance

Follow these tips to reduce the cost of your renters insurance in Pawtucket:

Bundle policies. If you have other insurance policies, such as car insurance, consider bundling them with the same company. Many insurers in Pawtucket provide discounts for bundled policies.

Increase your deductible. A higher deductible can lower your premium in Pawtucket, but make sure you’re comfortable with the potential out-of-pocket costs if you file a claim.

Choose the right coverage amount. Review your renters insurance policy regularly to ensure you aren’t paying for unnecessary coverage, such as excess personal property coverage if you don’t own many valuables.

Avoid filing too many claims. Filing frequent small claims can increase your rates. It might be worth paying for minor damages out-of-pocket instead of using your insurance.
Compare quotes. Don’t accept the first quote you get. Shop around and compare renters insurance rates from different insurers in Pawtucket to find the best deal.

Renters in Pawtucket should purchase renters insurance to protect their belongings and financial health. The cost of coverage varies based on your location, coverage limits and individual circumstances. To find the best deal, evaluate your coverage needs, compare quotes from different providers and take advantage of any available discounts.

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for renters insurance rates in Pawtucket in 2023 for $40,000 personal property coverage, $300,000 liability coverage, and 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.