Average renters insurance cost in Rhode Island

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Renters in Rhode Island pay an average of $560 per year, or $47 per month for renters insurance. This is based on a standard policy covering $40,000 in personal property, $300,000 in liability, and a $1,000 deductible – a reasonable baseline for most renters.

What you actually pay will depend on your coverage amount, which insurer you choose, and personal details like your ZIP code, claims history, and in some states, your credit score.

How much does renters insurance cost in Rhode Island?

The average monthly cost of renters insurance in Rhode Island is $47 for a policy with $40,000 in personal property coverage and $300,000 in liability protection. Premiums can shift depending on where you live, how much coverage you need, and the total value of your belongings – which is why getting quotes from several insurers is a smart move.

Generally speaking, raising your deductible lowers your monthly premium, while adding coverage for valuables like jewelry or electronics increases it. Choose a deductible and coverage level that fits both your budget and replacement needs.

Renters insurance in Rhode Island: Where to start

Renters insurance in Rhode Island averages $560 per year, or $47 per month for a standard policy
If you’re looking for the lowest price, Amica tends to offer the most competitive rates in Rhode Island, averaging around $129 per year
Since pricing varies widely between providers, it pays to compare a few options before making a decision

Which companies offer the cheapest renters insurance in Rhode Island?

Among insurers operating in Rhode Island, Amica has the lowest average annual premium at $129. Nationwide and State Farm are also worth a look if keeping premiums low is a priority.

That said, price alone shouldn’t drive your decision. It’s equally important to weigh coverage limits, deductible options, and any discounts available to you. The table below lays out average annual and monthly rates from various insurers in Rhode Island.

Company	Average annual rate	Average monthly rate
Amica	$129	$11
Nationwide	$191	$16
State Farm	$197	$16
Allstate	$258	$22
New London County Insurance	$319	$27
Farmers	$469	$39
PURE	$1,378	$115
AIG	$1,537	$128

Want a more accurate renters insurance estimate?

Use our calculator to get a personalized renters insurance quote based on your location and coverage needs.

Your final premium may vary depending on the insurer, coverage limits, deductible, claims history, and other rating factors.

Renters insurance calculator in Rhode Island

$549/year

Estimated renters insurance rates in Rhode Island

$46

Monthly renters insurance cost in Rhode Island

103%

Compared to national average

How much does renters insurance cost by coverage level in Rhode Island?

At the standard coverage level – $40,000 in personal property, $300,000 in liability, and a $1,000 deductible – renters insurance in Rhode Island averages $560 per year.

If you reduce your personal property coverage to $20,000, that average drops to around $482 annually. Before making that adjustment, it’s worth confirming that $20,000 would genuinely cover the cost of replacing your belongings.

The table below compares average annual renters insurance costs in Rhode Island at both the $20,000 and $40,000 coverage levels.

Coverage level	Average annual renters insurance rate	Average monthly renters insurance rate
$20,000 with $500 Deductible and $100,000 Liability	$503	$42
$20,000 with $500 Deductible and $300,000 Liability	$513	$43
$20,000 with $1,000 Deductible and $100,000 Liability	$472	$39
$20,000 with $1,000 Deductible and $300,000 Liability	$482	$40
$40,000 with $500 Deductible and $100,000 Liability	$586	$49
$40,000 with $500 Deductible and $300,000 Liability	$597	$50
$40,000 with $1,000 Deductible and $100,000 Liability	$549	$46
$40,000 with $1,000 Deductible and $300,000 Liability	$560	$47
$60,000 with $500 Deductible and $100,000 Liability	$663	$55
$60,000 with $500 Deductible and $300,000 Liability	$674	$56
$60,000 with $1,000 Deductible and $100,000 Liability	$619	$52
$60,000 with $1,000 Deductible and $300,000 Liability	$630	$52

People also ask: How much renters insurance coverage do I need?

Coverage needs vary from person to person, but a common starting range is $20,000 to $40,000 in personal property protection and at least $300,000 in liability coverage. The right amount ultimately comes down to the value of what you own, whether any of your items warrant separate endorsements, and how much of a financial cushion you want between you and an unexpected loss.

How much does renters insurance cost by city in Rhode Island?

Renters insurance premiums can differ depending on where in Rhode Island you live. Factors like local crime rates, weather patterns, and the density of the area all play a part in what insurers charge.

Here’s how average renters insurance rates compare across major cities.

Does your ZIP code affect renters insurance rates in Rhode Island?

Your ZIP code is one of the most significant factors in how insurers price your policy. Areas with higher rates of theft, more frequent weather events, or a greater number of past claims tend to see higher premiums – even for the same level of coverage.

In Rhode Island, annual rates range from roughly $540 in 2818 to $581 in 2905. Below are the cheapest and most expensive ZIP codes for renters insurance in Rhode Island.

Why your ZIP code affects renters insurance costs

Insurers use neighborhood-level risk data when calculating your premium, which means rates can differ significantly from one ZIP code to the next.

Key factors include:

Theft and vandalism rates in your area
Exposure to weather risks like hurricanes, wildfires, or flooding
Historical fire claims and local rebuilding costs

Even shifting a few ZIP codes can change what you pay each month.

What are the most affordable ZIP codes for renters insurance in Rhode Island

2818 has the lowest average annual renters insurance cost at $540.

Areas with fewer theft incidents and lower weather-related claim activity tend to have more affordable premiums overall.

ZIP code	City	Average annual rate	Average monthly rate
2818	East Greenwich	$540	$45
2852	North Kingstown	$540	$45
2837	Little Compton	$541	$45
2835	Jamestown	$542	$45
2809	Bristol	$546	$46
2814	Chepachet	$546	$45
2826	Glendale	$546	$46
2830	Harrisville	$546	$45
2842	Newport East	$546	$46
2896	North Smithfield	$546	$46

What are the least affordable ZIP codes for renters insurance in Rhode Island

At the other end of the spectrum, 2905 has the highest average renters insurance cost in Rhode Island, at $581 per year or $48 per month.

Below are average annual rates across all ZIP codes in Rhode Island, based on quotes from major providers.

ZIP code	City	Average annual rate	Average monthly rate
2905	Providence	$581	$48
2808	Bradford	$574	$48
2892	West Kingston	$574	$48
2883	Peace Dale	$573	$48
2817	West Greenwich	$572	$48
2827	Greene	$571	$48
2893	West Warwick	$571	$48
2804	Ashaway	$570	$47
2915	Riverside	$570	$48
2881	Kingston	$569	$47

How to lower your renters insurance, even in a high-cost ZIP code

Get quotes from at least 3 insurers – rates for identical coverage can differ by $100 or more within the same ZIP code
Bundle your renters and auto insurance to cut 5% to 15% off your premium
Ask about discounts for safety features like smoke detectors, deadbolts, security systems, or smart home devices
Raise your deductible from $500 to $1,000 – this alone can reduce your premium by around 10%
If you haven’t filed a claim in 3 or more years, ask about a claims-free discount

Is renters insurance worth it in Rhode Island?

For most renters in Rhode Island, a renters insurance policy protects your belongings from risks like fire, theft, vandalism, and certain weather events, and shields you from liability if someone is injured inside your home.

According to figures from the US Department of Commerce, the US Census Bureau, and the American Community Survey, approximately 48% of US renter households allocate more than 30% of their income toward rent and utilities. When housing already takes up a large share of your budget, it’s worth being thoughtful about every ongoing cost – including insurance.

Shopping around makes a real difference. Beyond price, look at what each policy actually covers, what the deductible is, and how the insurer performs when claims are filed. Slightly higher premiums can be worthwhile if the coverage is meaningfully better.

Frequently asked questions

What does renters insurance actually cover?

A standard renters insurance policy covers personal belongings, liability, and additional living expenses if your rental becomes unlivable. It protects against losses from events like fire, theft, and vandalism, and can cover legal or medical costs if someone is hurt on your property. Always check the specific limits and exclusions in any policy you’re considering.

Do I really need renters insurance in Rhode Island?

While renters insurance isn’t legally required in most cases, it provides real financial protection that’s hard to replicate otherwise. Even a basic policy can cover thousands of dollars in losses from theft, fire, or accidental damage – costs that would otherwise come straight out of pocket. Many landlords in Rhode Island also make renters insurance a condition of the lease.

Sources:

Insurance Information Institute. Facts + statistics: Renters insurance. Accessed May 2026.

How much is renters insurance in other states

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Alisha Ambre

Alisha Ambre holds a Bachelor of Arts with honours in English Literature and Media Studies. She focuses on crafting clear, engaging content that makes complex information feel practical and approachable for everyday readers. When she’s not writing, she’s likely on the volleyball court or immersed in a good video game.