Known for its sandy beaches and quintessential New England charm, Rhode Island is a wonderful place to own a home. With the cost of homeowners insurance being relatively low, homeowners in the Ocean State have plenty of decent coverage options.
The average cost of homeowners insurance in Rhode Island is $1,303 per year or $109 a month. This is around 26% lower than the national average of $1,754.
Methodology & why you can trust our rates
Policygenius has analyzed home insurance rates provided by Quadrant Information Services in March 2022 for ZIP codes in all 50 states plus Washington, D.C., for a 40-year-old female homeowner with no claim history, good credit, a $1,000 deductible, and the following coverage limits:
Dwelling: $300,000
Other structures: $30,000
Personal property: $150,000
Loss of use: $60,000
Liability: $300,000
Medical: $1,000
All rates based on the above coverage limits except where otherwise noted.
Some carriers may be represented by affiliates or subsidiaries. Rates provided are a sample of costs. Your actual quotes may differ.
Compare the best homeowners insurance companies in Rhode Island
According to our analysis, The Andover Companies, Amica, Nationwide, Allstate, and Narragansett Bay are the best homeowners insurance companies in Rhode Island.
Policygenius analyzed thousands of quotes the largest Rhode Island insurers to find the average cost of homeowners insurance at each company. We then looked at J.D. Power customer satisfaction scores and compared that with the coverage needs of the state's residents to find the best homeowners insurance in Rhode Island.
Company | Average monthly cost | Policygenius rating |
|---|---|---|
$155 | 4.9 out of 5 | |
$147 | 4.6 out of 5 | |
$108 | 4.5 out of 5 | |
$117 | 4.4 out of 5 | |
$65 | 4.0 out of 5 |
2025 Policygenius award winner
The Andover Companies
4.9
Offers extended replacement cost
Bundle home & auto
Good student discount
New homebuyer discount
Why we chose it
The Andover Companies is the best home insurance company in Rhode Island for its outstanding customer service and useful coverage options. Its rates are more expensive than average, though.
Pros and cons
Pros
Excellent customer service and financial strength ratings
Choose from plenty of coverage add-ons, including water damage, equipment breakdown, cyber, business property, and identity theft protection
Cons
No online quote tool or mobile app for managing your policy
Can’t file claims online — must call or visit your local agent in person
More expensive than average in Rhode Island
More details
Why we chose it
We chose the Andover Companies as the best home insurance company in Rhode Island in part because of its extensive coverage offerings. You can add a range of coverages to a basic policy, including guaranteed replacement cost for your home, replacement cost for other structures and your property, water backup protection, service line coverage, and more.
Andover Companies also has a stellar customer service record. According to the National Association of Insurance Commissioners, Andover Companies receives only a fraction of complaints compared to average.
How do Andover Companies home insurance rates compare to the Rhode Island average?
The average cost of home insurance from Andover Companies in Rhode Island is $1,860 per year, which is 43% more expensive than the statewide average.
How to get quotes
You can get an Andover home insurance quote by contacting a local agent through the company's website.
2025 Policygenius award winner
Amica
4.6
Bundle home & auto
Offers gap coverage
Offers new car replacement
Mobile app
Good student discount
Offers extended replacement cost
Smart home discounts
Why we chose it
Amica is the best home insurance company in Rhode Island if you're looking for highly rated customer service. Amica also has many great ways to customize a basic policy and a unique dividend policy option that can reduce the cost of your insurance.
Pros and cons
Pros
Earned #1 ranking in J.D. Power’s claims and customer satisfaction surveys
Lots of coverage add-ons, including extended replacement cost coverage
Unique dividend policy option to earn up to 20% back on insurance premiums each year
Cons
More expensive than average in Rhode Island
More details
Why we chose Amica
Amica has the best customer service ratings of any insurer in Rhode Island. Amica has consistently been rated highly on J.D. Power's Claims and Customer Satisfaction Surveys. The company also has a superior A+ rating from AM Best and gets 20% fewer complaints than other companies, according to the National Association of Insurance Commissioners.
Amica's coverage options stack up well against other companies, too. Homeowners can get guaranteed and extended replacement cost coverage for their homes, replacement cost coverage for their personal property, water backup protection, coverage for computers and smart devices, and more.
Finally, Amica offers a unique dividend policy that could earn you between 5% and 20% of the cost of your insurance each year, depending on how well the company does financially.
How do Amica home insurance rates compare to average in Rhode Island?
The average cost of Amica home insurance in Rhode Island is $1,762 per year, which is 35% more expensive than the statewide average.
How to get a quote
Online through Amica
2025 Policygenius award winner
Nationwide
4.5
Bundle home & auto
Mobile app
New homebuyer discount
Offers extended replacement cost
Why we chose it
Nationwide is one of the best home insurance companies in Rhode Island, if you want top rated customer service. Besides a top customer experience, Nationwide also offers a range of add-ons that you can use to personalize your coverage.
Pros and cons
Pros
Highly rated for claims satisfaction by J.D. Power
Receives fewer complaints than average
Multiple high-quality coverage options
Cons
Below-average digital experience ratings
Rates are about average in Rhode Island
More details
Why we chose Nationwide
Nationwide is one of the best home insurance companies in Rhode Island for its great customer service. Nationwide ranks fifth on J.D. Power's Property Claims Satisfaction Study from 2022 and receives far fewer complaints than other insurers, according to the National Association of Insurance Commissioners.
We also like Nationwide's many coverage options. These include guaranteed and extended replacement cost coverages, better roof replacement, new belongings coverage, water backup protection, and equipment breakdown coverage.
Nationwide's rates are average in Rhode Island, but you could lower your premiums with the company's discounts. These include discounts for bundling, renovating your home, buying a new home, and others.
How do Nationwide home insurance rates compare to the Rhode Island average?
The average cost of Nationwide home insurance in Rhode Island is $1,294 per year, which is just 1% cheaper than the annual statewide average.
How to get a quote
Online through Policygenius or Nationwide
2025 Policygenius award winner
Allstate
4.5
Bundle home & auto
Smart home discounts
Why we chose it
Allstate is one of the top home insurance companies in Rhode Island. Besides having lower-than-average rates, Allstate also offers a few add-ons that can make a basic policy stronger.
Pros and cons
Pros
Offers HostAdvantage for short-term rental coverage
Offers water backup protection, other endorsements
Cons
Beginning to pull back coverage in high-risk areas
Higher rates than average in Rhode Island
More details
Why we chose Allstate
Allstate is a top home insurance company in Rhode Island. We like that Allstate offers a few home insurance coverages that you can add to your policy for more protection. These coverages include water backup protection, scheduled personal property coverage, and identity theft restoration coverage.
If you're looking to cover your short-term rental, Allstate's HostAdvantage is another perk. HostAdvantage comes with theft protection, coverage for your damaged property ($10,000 per host period), and a $25 discount on cleaning services from Merry Maids.
How do Allstate home insurance rates compare to the Rhode Island average?
The annual average cost of Allstate home insurance in Rhode Island is $1,403 per year, which is 8% more expensive than the statewide average.
How to get a quote
Online through Policygenius or Allstate, or by contacting a local Allstate agent.
2025 Policygenius award winner
Narragansett Bay
4.7
Offers extended replacement cost
Offers flood insurance
Insures older homes
New homebuyer discount
Why we chose it
Narragansett Bay is one of the best home insurance companies in Rhode Island. The company has some of the cheapest rates in the state, along with outstanding customer service and a few ways to customize basic policies.
Pros and cons
Pros
Much cheaper rates than average in Rhode Island
Exceptional customer service scores
Offers in-person home reviews to ensure you have the right amount of coverage and to identify areas of your home vulnerable to damage or safety threats
Cons
Can’t bundle your home and auto insurance
More details
Why we chose it
Narragansett Bay is one of the best home insurance companies in Rhode Island, especially if you want to find the cheapest rates available in the state. We found that the average cost of coverage from Narragansett Bay is $529 cheaper than average per year.
You can also upgrade your Narragansett Bay policy with a range of home insurance endorsements. You can choose from guaranteed or extended replacement cost coverage, water backup protection, a private flood insurance endorsement, and more.
How do Narragansett Bay home insurance rates compare to the Massachusetts average?
The average cost of home insurance from Narragansett Bay in Rhode Island is $774 per year, which is 41% cheaper than the statewide average.
How to get quotes
Through Policygenius or by contacting a local agent.
How much is homeowners insurance in Rhode Island?
The average cost of homeowners insurance in Rhode Island is $1,303 per year, or $109 a month, for an insurance policy with $300,000 in dwelling coverage. This means insurance in Rhode Island is $451 cheaper than the national average per year.
Rhode Island homeowners insurance rates by city
We calculated the cost of home insurance in Rhode Island's largest cities and found that Hopkinton is the cheapest big city for homeowners insurance in the state, while Providence and Exeter are the most expensive.
Here’s a look at the average cost of home insurance in the 20 largest cities in Rhode Island.
City | Average monthly cost | Average annual cost | Difference from state average (%) |
|---|---|---|---|
Providence | $114 | $1,366 | 5% |
Warwick | $106 | $1,271 | -2% |
Cranston | $109 | $1,304 | 0% |
Pawtucket | $103 | $1,233 | -5% |
East Providence | $106 | $1,268 | -3% |
Woonsocket | $102 | $1,228 | -6% |
Newport | $110 | $1,317 | 1% |
Central Falls | $106 | $1,271 | -2% |
Adamsville | $111 | $1,337 | 3% |
Ashaway | $97 | $1,159 | -11% |
Block Island | $108 | $1,295 | -1% |
Bradford | $101 | $1,210 | -7% |
Carolina | $97 | $1,159 | -11% |
Charlestown | $108 | $1,290 | -1% |
Exeter | $114 | $1,364 | 5% |
Hope Valley | $97 | $1,169 | -10% |
Hopkinton | $96 | $1,156 | -11% |
Jamestown | $105 | $1,256 | -4% |
Kenyon | $97 | $1,161 | -11% |
Little Compton | $108 | $1,295 | -1% |
Rhode Island homeowners insurance rates by coverage amount
The table below highlights the average annual premium in Rhode Island for five different levels of dwelling coverage, which is the part of your policy that covers structural damage to your home.
Generally speaking, more dwelling coverage means higher homeowners insurance rates, as shown in the table below.
Dwelling coverage limit | Average annual cost |
|---|---|
$100,000 | $698 |
$200,000 | $983 |
$300,000 | $1,303 |
$400,000 | $1,656 |
$500,000 | $2,041 |
Cheapest homeowners insurance companies in Rhode Island
Based on our analysis of home insurance rates in every one of the state's ZIP codes, we found that Narragansett Bay, NLC, UPC, AIG, and Nationwide have the cheapest average home insurance rates in Rhode Island.
Company | Average annual cost |
|---|---|
$774 | |
NLC Insurance Companies | $867 |
$907 | |
$1,174 | |
$1,294 | |
$1,346 | |
$1,403 | |
$1,718 | |
$1,762 | |
$1,860 | |
Providence Mutual | $3,095 |
Cheapest Rhode Island homeowners insurance if you have poor credit
Insurance companies will check your credit score to determine if you are a high risk to insure. Customers with poor credit will often pay higher home insurance rates because they are more likely to miss payments or file claims.
With an average rate of $907 per year, UPC has the cheapest home insurance rates in Rhode Island for a homeowner with poor credit.
Company | Average annual cost |
|---|---|
UPC Insurance | $907 |
NLC Insurance Companies | $968 |
Narragansett Bay | $1,015 |
Nationwide | $1,682 |
Pure Insurance | $1,718 |
AIG | $1,731 |
Allstate | $2,191 |
Amica | $2,250 |
Farmers | $2,440 |
The Andover Companies | $3,405 |
Providence Mutual | $4,770 |
Cheapest Rhode Island homeowners insurance if you have an older home
It can cost a lot to insure older homes. That's because they're more prone to structural damage than new homes. Older homes are also often constructed out of materials and with features that would be expensive to replace if they were damaged.
With an average annual premium of $771, Narragansett Bay offers the cheapest home insurance rates in Rhode Island for a home over 100 years old.
Company | Average annual cost |
|---|---|
Narragansett Bay | $774 |
NLC Insurance Companies | $886 |
UPC Insurance | $907 |
Farmers | $1,164 |
AIG | $1,239 |
Allstate | $1,300 |
Nationwide | $1,551 |
Pure Insurance | $1,718 |
Amica | $1,748 |
The Andover Companies | $2,174 |
Providence Mutual | $3,730 |
Cheapest Rhode Island homeowners insurance if you have a history of claims
If you have multiple claims on your record, you'll typically pay more for home insurance, as insurers will consider you more likely to file future claims than a homeowner with a spotless claims history.
With an average annual premium of $952, NLC offers the cheapest home insurance rates in Rhode Island if you've filed three claims within a five-year period.
Company | Average annual cost |
|---|---|
NLC Insurance Companies | $952 |
Narragansett Bay | $1,571 |
UPC Insurance | $1,867 |
AIG | $1,953 |
Pure Insurance | $1,996 |
The Andover Companies | $2,174 |
Nationwide | $2,254 |
Allstate | $2,552 |
Amica | $3,755 |
Farmers | $4,006 |
Providence Mutual | $5,211 |
Coverage options in Rhode Island
When looking at how much each insurance company charges for different coverage levels and risks, you should also be aware of what your policy does and doesn’t cover.
Before you buy homeowners insurance in Rhode Island, you should be sure you're protected against flooding.
Flood insurance
Homeowners insurance doesn't cover damage from floods. Although only a little more than 2% of homes in Rhode Island have flood insurance, you should consider getting a flood insurance policy if you live near the coast or in a low-lying part of the state.
Some companies offer flood endorsements or even separate flood insurance policies. Rhode Island homeowners can compare private flood insurance companies in the state with Policygenius, or choose a policy through a government entity like the National Flood Insurance Program (NFIP).
How to get home insurance in Rhode Island
Homeowners in Rhode Island should take advantage of the state’s already low rates and opt for a comprehensive home insurance policy to protect against potentially catastrophic coastal storm damage.
Here are a few more tips for buying homeowners insurance in Rhode Island:
Frequently asked questions
How does a home insurance deductible work?
Your deductible is the amount you pay towards every covered claim. If your deductible is $1,000 and your claim is for $4,000, you will have to pay the first $1,000, and then your insurance company will reimburse you for the remaining $3,000 of the loss.
What is the average cost of home insurance in Rhode Island?
The average cost of homeowners insurance in Rhode Island is $1,303 per year, or $109 a month.
What is personal property insurance?
Personal property insurance covers the belongings inside your home when they are damaged by a covered peril and need to be repaired or replaced. This includes your furniture, clothing, and electronics.
