Home Home insurance Renters insurance Renters insurance cost Average renters insurance cost in Rhode Island Average renters insurance cost in Rhode Island By Shivani Gite Shivani Gite 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. | Updated on September 21, 2023 Why you should trust Insure.com Quality Verified At Insure.com, we are committed to providing honest and reliable information so that you can make the best financial decisions for you and your family. All of our content is written and reviewed by industry professionals and insurance experts. We maintain strict editorial independence from insurance companies to maintain editorial integrity, so our recommendations are unbiased and are based on a comprehensive list of criteria. Renters insurance costs in Rhode Island varies depending on various factors, including the coverage amount, insurance company, and individual circumstances. But, the average renters insurance cost in Rhode Island is $445 per year or $37 per month for coverage limits of $40,000 for personal property coverage, $300,000 in liability coverage and a $1000 deductible. These are average rates and actual premium costs may differ. Renters insurance companies in Rhode Island Nationwide offers affordable renters insurance in Rhode Island at an average annual rate of $124 followed by State Farm and Amica Mutual, based on Insure.com’s analysis. But it’s smart to get multiple quotes for various renters insurance companies in Rhode Island because the prices vary a lot among carriers. Below we have compared the average annual and monthly renters insurance rates of insurance companies across Rhode Island. CompanyAverage annual rateAverage monthly rateNationwide$124$10State Farm$200$17Amica Mutual$208$17Allstate$259$22Heritage Insurance Holdings$267$22New London County Insurance$315$26United Insurance Holdings$325$27AIG$843$70Pure Companies Grp$1,463$122 Average cost of renters insurance in Rhode Island by coverage level As we discussed above, in Rhode Island, the average cost of renters insurance is $445 per year, that’s $178 less than the national average. These rates are for the coverage level of $40,000 for personal property coverage, $300,000 in liability coverage and a $1000 deductible. However, if you lower the personal property coverage from $40,000 to $20,000, you will pay $389 per year for renters insurance in Rhode Island for $300,000 in liability protection and $1000 deductible. Find below the average cost of renters insurance in Rhode Island for personal property coverage of $20,000 and $40,000. Coverage levelAverage annual renters insurance rateAverage monthly renters insurance rate20000$389$3240000$445$3760000$499$42 Most affordable ZIP codes for renters insurance in Rhode Island How much Rhode Island renters pay for insurance majorly depends on the ZIP code they live in. 2826 is the most affordable ZIP for renters insurance in Rhode Island among all the ZIP codes analyzed, at about $434 a year on average. Rates vary based on the zip code, that’s why comparing quotes is one of the easiest ways to get the best deal on renters insurance in Rhode Island. ZipcodeAverage annual rateAverage monthly rate2826$434$362802$435$362857$436$362886$438$372905$439$372885$440$372921$443$372914$445$372827$446$372806$447$37 Least affordable ZIP codes for renters insurance in Rhode Island Your zip code, among other factors, affects how much you pay for renters insurance in Rhode Island. 2907 is the least affordable zip code for Rhode Island renters at an average cost of $465 a year or $39 monthly. We have analyzed quotes from the major insurance carriers across all the zip codes in Rhode Island. Below are the average annual renters insurance costs by ZIP code. ZipcodeAverage annual rateAverage monthly rate2907$465$392918$463$392912$458$382883$457$382882$455$382807$455$382801$453$382891$452$382893$449$372894$448$37 Renters insurance rates vary from one city to another. But with Insure.com, finding the right renters insurance policy is easy. Learn more about renters insurance costs for different cities below. Renters insurance rates in Rhode Island by cityCranstonEast ProvidencePawtucketProvidenceWarwickRenters and auto bundle discounts in Rhode Island If you’re looking for ways to trim costs on your insurance premiums, consider purchasing renters and auto insurance from the same company. Bundling policies can help you save an average of 15% per year in Rhode Island. State Farm offers the cheapest rate on renters and auto insurance bundle, you can save 32% a year on your premiums. CompanyAverage annual rateAverage base annual rate (without bundling)$ bundle average savings% bundle average savingsState Farm$633$931$29832%United Insurance Holdings$1,024$1,077$535%Allstate$1,027$1,527$50033%Heritage Insurance Holdings$1,144$1,204$605%AIG$1,230$1,281$514%Pure Companies Grp$1,575$1,738$1629%Nationwide$1,589$1,978$39020%Amica Mutual$1,814$2,268$45420%Andover Insurance$2,368$2,509$1416% Final thoughts: Average renters insurance in Rhode Island Renters insurance is a must-have for renters in Rhode Island. It protects your belongings in the event of damage from fire, theft, vandalism or any other natural disasters. To find the best renters insurance at an affordable rate, shop around and compare quotes from multiple insurance companies. Consider factors like coverage options, deductibles, and customer reviews in addition to price. Methodology Insure.com commissioned Quadrant Information Services to gather renters insurance rates for all available ZIP codes in Rhode Island. These rates include a coverage limit of $300,000 for liability coverage, personal property coverage ranging from $20,000 to $40,000, and a $1,000 deductible, with credit tier alignment specified as good/none. Explore other insurance options in Rhode-Island Cheapest homeowners insurance in Rhode Island Average car insurance cost in Rhode Island Non-owner auto insurance in Rhode Island How much is renters insurance in other statesAlaska$192/YearAlabama$250/YearArkansas$255/YearArizona$177/YearCalifornia$224/YearColorado$143/YearConnecticut$200/YearDelaware$174/YearFlorida$245/YearGeorgia$234/YearHawaii$165/YearIowa$142/YearIdaho$142/YearIllinois$174/YearIndiana$187/YearKansas$176/YearKentucky$149/YearLouisiana$355/YearMassachusetts$168/YearMaryland$183/YearMaine$136/YearMichigan$253/YearMinnesota$161/YearMissouri$168/YearMississippi$288/YearMontana$192/YearNorth Carolina$183/YearNorth Dakota$126/YearNebraska$187/YearNew Hampshire$131/YearNew Jersey$148/YearNew Mexico$158/YearNevada$193/YearNew York$225/YearOhio$181/YearOklahoma$198/YearOregon$204/YearPennsylvania$186/YearSouth Carolina$220/YearSouth Dakota$141/YearTennessee$212/YearTexas$158/YearUtah$153/YearVirginia$177/YearVermont$142/YearWashington$182/YearWisconsin$119/YearWest Virginia$184/YearWyoming$111/YearShow moreShivani GiteContributing Writer | . .Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. 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