Average Renters Insurance Cost in Rhode Island

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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.

Company	Average annual rate	Average monthly rate
Nationwide	$124	$10
State Farm	$200	$17
Amica Mutual	$208	$17
Allstate	$259	$22
Heritage Insurance Holdings	$267	$22
New London County Insurance	$315	$26
United Insurance Holdings	$325	$27
AIG	$843	$70
Pure 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 level	Average annual renters insurance rate	Average monthly renters insurance rate
20000	$389	$32
40000	$445	$37
60000	$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.

Zipcode	Average annual rate	Average monthly rate
2826	$434	$36
2802	$435	$36
2857	$436	$36
2886	$438	$37
2905	$439	$37
2885	$440	$37
2921	$443	$37
2914	$445	$37
2827	$446	$37
2806	$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.

Zipcode	Average annual rate	Average monthly rate
2907	$465	$39
2918	$463	$39
2912	$458	$38
2883	$457	$38
2882	$455	$38
2807	$455	$38
2801	$453	$38
2891	$452	$38
2893	$449	$37
2894	$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 city

Renters 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.

Company	Average annual rate	Average base annual rate (without bundling)	$ bundle average savings	% bundle average savings
State Farm	$633	$931	$298	32%
United Insurance Holdings	$1,024	$1,077	$53	5%
Allstate	$1,027	$1,527	$500	33%
Heritage Insurance Holdings	$1,144	$1,204	$60	5%
AIG	$1,230	$1,281	$51	4%
Pure Companies Grp	$1,575	$1,738	$162	9%
Nationwide	$1,589	$1,978	$390	20%
Amica Mutual	$1,814	$2,268	$454	20%
Andover Insurance	$2,368	$2,509	$141	6%

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.

How much is renters insurance in other states

Alaska$192/Year

Alabama$250/Year

Arkansas$255/Year

Arizona$177/Year

California$224/Year

Colorado$143/Year

Connecticut$200/Year

Delaware$174/Year

Florida$245/Year

Georgia$234/Year

Hawaii$165/Year

Iowa$142/Year

Idaho$142/Year

Illinois$174/Year

Indiana$187/Year

Kansas$176/Year

Kentucky$149/Year

Louisiana$355/Year

Massachusetts$168/Year

Maryland$183/Year

Maine$136/Year

Michigan$253/Year

Minnesota$161/Year

Missouri$168/Year

Mississippi$288/Year

Montana$192/Year

North Carolina$183/Year

North Dakota$126/Year

Nebraska$187/Year

New Hampshire$131/Year

New Jersey$148/Year

New Mexico$158/Year

Nevada$193/Year

New York$225/Year

Ohio$181/Year

Oklahoma$198/Year

Oregon$204/Year

Pennsylvania$186/Year

South Carolina$220/Year

South Dakota$141/Year

Tennessee$212/Year

Texas$158/Year

Utah$153/Year

Virginia$177/Year

Vermont$142/Year

Washington$182/Year

Wisconsin$119/Year

West Virginia$184/Year

Wyoming$111/Year

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.