Average renters insurance cost in Rhode Island

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Renters insurance in Rhode Island costs an average of $560 per year, or $47 per month. That’s for a standard policy with $40,000 in personal property coverage, $300,000 in liability protection, and a $1,000 deductible – a solid starting point for most renters.

Your actual rate depends on how much coverage you choose, which insurance company you go with, and personal factors like your ZIP code, claims history, and in some states, 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?

Amica offers the most affordable renters insurance in Rhode Island, with an average annual cost of $129. Nationwide and State Farm are also worth considering if you’re looking to keep costs down.

Choosing the cheapest insurer isn’t always the best option, so it’s important to review coverage limits, deductibles, and available discounts alongside price. The table below shows average annual and monthly rates from a range of 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?

The average annual cost of renters insurance in Rhode Island is $560, with a personal property coverage limit of $40,000, $300,000 in liability coverage and a $1,000 deductible.

However, if you lower your personal property coverage from $40,000 to $20,000, you can expect to pay $482 a year for renters insurance in Rhode Island. Make sure $20,000 is enough to cover your belongings before deciding to adjust your coverage.

The table below shows average annual renters insurance premiums 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
$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?

Most renters need enough coverage to replace their personal belongings and protect against liability claims. A common starting point is $20,000 to $40,000 in personal property coverage and at least $300,000 in liability protection. That said, the right amount really depends on the value of what you own, any endorsements you might add for higher-value items, and how much risk you’re comfortable carrying yourself.

Renters insurance rates in Rhode Island by city

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Pawtucket

Providence

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

Renters insurance rates in Rhode Island aren’t the same across the board – where you live within the state can make a noticeable difference. Local factors like crime rates, weather exposure, and population density all influence what insurers charge.

Here’s a look at how average rates compare across major cities in Rhode Island.

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

Your ZIP code is one of the biggest factors insurers use to set rates. Local risks like theft, fire and weather claims can drive premiums up or down, so two renters with the same coverage may pay very different prices.

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

Why your ZIP code affects renters insurance costs

Insurers use local risk data to calculate renters insurance premiums, which means rates can vary significantly by neighborhood and ZIP code.

Factors that affect renters insurance rates include:

Local theft and vandalism rates
Weather risks such as hurricanes, floods, or wildfires
Fire claims and rebuilding costs in your area

Even moving a few ZIP codes away can affect your monthly premium.

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

In Rhode Island, your ZIP code plays a major role in determining your premiums. Based on our data, 2818 is the most affordable ZIP code for renters insurance, with an average annual cost of $540.

ZIP codes with lower theft rates and fewer severe weather claims tend to have more affordable renters insurance premiums.

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?

2905 is the most expensive ZIP code for renters insurance in Rhode Island, at an average cost of $581 annually or $48 monthly.

Here are the average annual renters insurance rates for every ZIP code in Rhode Island, based on quotes from major insurers.

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

Compare at least 3 quotes – rates for the same coverage can vary by $100+ between insurers in the same ZIP code
Bundle with auto insurance to save 5% to 15% on your renters policy
Ask about safety device discounts for smoke detectors, deadbolts, security systems, and smart-home monitoring
Raise your deductible from $500 to $1,000 to save around 10%
Check claims-free discounts if you haven’t filed a claim in 3+ years

Is renters insurance worth it in Rhode Island?

For most renters in Rhode Island, renters insurance is well worth having. It protects your belongings against fire, theft, vandalism, and certain natural disasters, while also providing liability coverage if someone is injured in your home.

According to the US Department of Commerce, the US Census Bureau and American Community Survey â€“ over 48% of renter households in the US spend more than 30% of their income on rent and utilities, which means even smaller ongoing expenses like insurance are worth managing carefully.

Finding the right policy comes down to shopping around. Price matters, but it’s also important to review coverage options, deductibles, and customer satisfaction. Paying slightly more for better coverage can make a real difference when you need to file a claim.

Frequently asked questions

What does renters insurance actually cover?

Renters insurance generally covers three things: your personal belongings, liability protection, and additional living expenses if your home becomes uninhabitable after a covered event. It can help with losses from fire, theft, and vandalism, as well as legal or medical costs if a visitor is injured on your property. Coverage specifics differ by policy, so reviewing your limits and exclusions carefully is important.

Do I really need renters insurance in Rhode Island?

There’s no universal legal requirement for renters insurance, but the protection it offers is hard to replicate on your own. A single incident – whether it’s a break-in, a fire, or accidental damage – can result in thousands of dollars in losses. Renters insurance covers those costs so you’re not paying out of pocket. It’s also increasingly common for landlords in Rhode Island to require it as part of the lease agreement.

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.