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Condo insurance isn’t required by law in Rhode Island, but your mortgage company likely requires it. Condo insurance is a home insurance policy that covers everything inside your condo, while the homeowners association’s insurance covers the outside of your building and common areas.

Depending on your HOA’s rules, your condo insurance may cover not only personal property, but also provides dwelling coverage known as building property coverage, for the interior of the structure. Make sure you know how much condo insurance you need before you buy condo insurance.

To find the best condo insurance in Rhode Island, we’ve gathered data on the top companies. Below you’ll find a list of the best condo insurance companies in Rhode Island with average annual rates.

Key takeaways

  • The residents of Rhode Island pay an average of $530 per year for condo insurance for a coverage level of $60,000 for personal property, $300,000 for liability protection with a $1,000 deductible.
  • Based on the analysis by, State Farm is the top pick for the best condo insurance company in Rhode Island.
  • Heritage Insurance Holdings offers the cheapest condo insurance in Rhode Island at an average of $281 per year.

Best condo insurance companies in Rhode Island

In Rhode Island, you have a lot of options when it comes to finding the best condo insurance company. To make your task easier, our insurance experts have analyzed premiums, coverage offerings, J.D Power score and customer satisfaction ratings of major insurers in Rhode Island. Below are the best condo insurance companies in Rhode Island based on’s analysis.

CompanyJ.D. Power ScoreAM Best RatingAverage rating (out of 5)
State Farm829A++
Amica Mutual849A+

Average cost of condo insurance in Rhode Island

The average cost of condo insurance in Rhode Island is $530 a year or $44 a month with $1,000 as deductible, $60,000 in personal property coverage, and liability coverage of $300,000. Your average annual premium will vary depending on your location, the coverage limits you select, and the deductible amount among other factors.

To find the most affordable policy for your situation, compare quotes from multiple providers based on the coverage you need.

Average Annual PremiumAverage Monthly Premium


Average condo insurance rates in RHODE ISLAND

2909 - Providence
Personal Property Coverage $60,000, Deductible $1,000 and Liability $100,000.



Most & least expensive zip codes for condo insurance in Rhode Island

Most Expensive

Zip CodeCityHighest Rate
02807Block Island$619

Least Expensive

Zip CodeCityLowest Rate
02852North Kingstown$525
02872Prudence Island$528

Condo insurance rates by company in Rhode Island

Rates for condo insurance by company in Rhode Island vary. It’s important to shop around and compare quotes to find the best price. 

In the table given below, you’ll see condo insurance rates for major companies in Rhode Island. The cheapest company for condo insurance in Rhode Island is Heritage Insurance Holdings. Nationwide, and Metropolitan, are the second and third cheapest options.

CompanyAverage Annual Rate
Heritage Insurance Holdings$281
State Farm$433
New London County Insurance$470
United Insurance Holdings$579
Providence Mutual$639
Amica Mutual$743

Methodology compared condo insurance rates provided by Quadrant Data Solutions in 2022 for $60,000 of personal property coverage with a $1,000 deductible and $300,000 of liability coverage for all available ZIP codes and with a good credit score. The content was updated in 2023.

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