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If you live in a condo, then it is important for you to purchase condo insurance to protect your investment. Some homeowners associations offer insurance, but it is not always the best option. It's better to have your own policy and make sure you are fully protected in case anything happens.

Homeowners association's insurance covers the outside of your building and common areas. But HOA's policy doesn't cover what's inside your condo like furniture or other personal belongings.

If you are looking for the best condo insurance in Rhode Island, then this guide is for you. You'll find the list of best condo insurance companies for Rhode Island residents and their average annual rates. You can use this guide to make informed insurance decisions.

  • Condo owners in Rhode Island pay an average of $486 per year or $41 per month in condo(HO6) insurance.
  • Narragansett Bay Ins Co is the cheapest condo insurance company in Rhode Island at only $197 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 rating of all the major insurers across Rhode Island. Below are the best condo insurance companies in Rhode Island based on's analysis.

CompanyAverage rating(out of 5)
State Farm4.2
Amica Mutual3.5

Compare best condo insurance companies in Rhode Island

We have compared the insurance providers based on their J.D. Power score and ratings from AM Best to help you find affordable condo insurance in Rhode Island. Based on the analysis by, State Farm tops the list of best condo insurance companies in Rhode Island. It has earned 4.2 scores out of 1000 from J.D. Power and an A++ rating from AM Best, which is the highest ratings they offer.

Nationwide is another option after State Farm for condo insurance, it received 3.6 scores from J.D. Power and an A+ rating from AM Best. Here is a comparison of some of the best condo insurance companies in Rhode Island:

CompanyJ.D. Power ScoreAM Best Rating
Amica Mutual849A+
State Farm829A++

Average cost of condo insurance in Rhode Island

The average cost of condo homeowners insurance in Rhode Island is $530 a year or $44 a month with $1,000 as deductible, $40,000 as personal property coverage, and liability coverage of $100,000. Your average annual premium will vary depending on your location, the coverage limits you select, and deductible amount among other factors.

Condo insurance covers the interior of the unit, it provides protection against the damage caused by fire, theft, vandalism, natural disasters, and frozen pipes.

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 companies in Rhode Island

The rates for condo insurance by companies in Rhode Island vary greatly. It is important to shop around and compare quotes to find affordable premium. To find the best insurance company in Rhode Island, you should consider price, coverage options, financial stability, and customer satisfaction.

In the table given below, you'll see that major companies in Rhode Island have different insurance rates for condo insurance, and Heritage Insurance Holdings, Nationwide, Metropolitan, and State Farm are the top four cheapest condo insurance companies for Rhode Island residents.

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 in 2022 provided by Quadrant Data Solutions for $60,000 personal property coverage with a $1000 deductible and $300,000 liability coverage for all available ZIP codes. ZIP codes were ranked based on the average rates for personal property coverage of $60,000, liability coverage of $300,000, and a $1,000 deductible and included good credit ratings. Content was updated in 2023.

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