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 Insurance.com’s analysis.

CompanyJ.D. Power ScoreAM Best RatingAverage rating (out of 5)
State Farm829A++
4.2
Nationwide816A+
3.6
Amica Mutual849A+
3.5
Allstate815A+
3.4
Data updated in 2024
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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
$530$44
Data updated in 2024
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Condo insurance calculator

Average condo insurance rates in Rhode Island
$40,000
$40,000 $60,000 $80,000 $100,000
$100,000
$100,000 $300,000
$1,000
$1,000

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

Most expensive

ZIP CodeCityHighest Rate
02804Ashaway$636
02807Block Island$629
02907Providence$615
02806Barrington$614

Least expensive

ZIP CodeCityLowest Rate
02872Prudence Island$470
02881Kingston$500
02882Narragansett$513
02835Jamestown$521
Data updated in 2024
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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
Nationwide$422
State Farm$433
New London County Insurance$470
Allstate$491
United Insurance Holdings$579
Providence Mutual$639
AIG$714
Amica Mutual$743
Data updated in 2024
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Compare condo insurance rates by city in Rhode Island

Condo insurance rates vary significantly across cities, influenced by various factors, including weather patterns, crime rates, and property values. You must consider these factors and compare quotes from different insurers to get the best deal on condo insurance for your specific city in Rhode Island.

CityAnnual insurance premium
Central Falls
$551
Coventry
$544
Cranston
$518
Cumberland
$529
East Providence
$525
Newport
$530
Pawtucket
$518
Providence
$577
Warwick
$543
Woonsocket
$532
Data updated in 2024
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Insurance.com 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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