- Best condo insurance companies in Rhode Island
- How much does condo insurance cost in Rhode Island?
- Condo insurance rates in Rhode Island by company and coverage level
- Condo insurance rates by company in Rhode Island
- Compare condo insurance rates by city in Rhode Island
- Methodology
- Compare Rhode Island condo insurance rates with other states
Best condo insurance companies in Rhode Island
There are many companies offering condo insurance coverage in Rhode Island. New London County Insurance is the best condo insurance company in Rhode Island based on our analysis. Our insurance experts reviewed prices and ratings from trusted sources like the National Association of Insurance Commissioners (NAIC) and AM Best.
Based on our research, here are the best condo insurance companies in Rhode Island.
| Company | Annual premium | AM Best rating | NAIC | Insurance.com rating |
|---|---|---|---|---|
| New London County Insurance | $470 | A | 0.2 | |
| State Farm | $446 | A++ | 0.95 | |
| AIG | $686 | A | 0.09 | |
| Amica Mutual | $690 | A+ | 0.23 | |
| Providence Mutual | $657 | A- | 0.28 | |
| Allstate | $537 | A+ | 0.9 | |
| Nationwide | $582 | A+ | 0.87 |
How much does condo insurance cost in Rhode Island?
The average cost of condo insurance in Rhode Island is $581 per year or $48 per month for $60,000 in personal property coverage, $300,000 in liability coverage and a $1,000 deductible. Your actual annual premium may be higher or lower depending on where you live, the coverage limits you choose, your deductible and other factors.
To find the cheapest company for you, compare quotes from multiple insurance providers and choose the coverage that fits your needs.
| Average annual premium | $581 |
| Average monthly premium | $48 |
Condo insurance rates in Rhode Island by company and coverage level
State Farm provides the lowest condo insurance rates in Rhode Island for policies with limits of $60,000 in personal property coverage and $300,000 in liability coverage with a $1,000 deductible.
The second most affordable option is New London County Insurance at $470 per year. However, prices will vary depending on the coverage level you choose.
The table below shows condo insurance rates from top companies at different coverage levels.
| Company | $40,000 contents/$100,000 liability | $40,000 contents/$300,000 liability | $60,000 contents/$100,000 liability | $60,000 contents/$300,000 liability | $80,000 contents/$100,000 liability | $80,000 contents/$300,000 liability | $100,000 contents/$100,000 liability | $100,000 contents/$300,000 liability |
|---|---|---|---|---|---|---|---|---|
| AIG | $635 | $635 | $686 | $686 | $726 | $726 | $781 | $781 |
| Allstate | $400 | $420 | $517 | $537 | $632 | $652 | $749 | $769 |
| Amica Mutual | $570 | $582 | $677 | $690 | $781 | $794 | $886 | $898 |
| Nationwide | $538 | $539 | $581 | $582 | $623 | $624 | $663 | $663 |
| New London County Insurance | $394 | $399 | $465 | $470 | $536 | $541 | $607 | $612 |
| Providence Mutual | $522 | $548 | $631 | $657 | $721 | $747 | $810 | $836 |
| State Farm | $400 | $410 | $436 | $446 | $461 | $471 | $485 | $495 |
Condo insurance rates by company in Rhode Island
The cheapest option is State Farm, followed by New London County Insurance and Allstate as the second and third most affordable choices. However, condo insurance rates in Rhode Island vary by company, so it's a good idea to shop around and compare quotes.
The table below shows condo insurance rates from major companies in Rhode Island.
| Company | Average annual rate | Average monthly rate |
|---|---|---|
| State Farm | $446 | $37 |
| New London County Insurance | $470 | $39 |
| Allstate | $537 | $45 |
| Nationwide | $582 | $48 |
| Providence Mutual | $657 | $55 |
| AIG | $686 | $57 |
| Amica Mutual | $690 | $57 |
Compare condo insurance rates by city in Rhode Island
Condo insurance rates in Rhode Island vary by city, with factors such as weather and crime rates influencing pricing. To find the most affordable and reliable condo insurance in your city, take these factors into account and compare quotes from multiple insurance companies.
City Annual insurance premium
Methodology
Insurance.com compared condo insurance rates provided by Quadrant Information Services across all 50 states and Washington, D.C.
Average condo insurance rates are based on:
- $60,000 in personal property coverage
- $300,000 in liability coverage
- $1,000 deductible
- Good credit
Rates were also fielded at varying personal property and liability coverage levels for comparison.
Compare Rhode Island condo insurance rates with other states
Helpful home insurance tools and calculators
