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Chubb is the best home insurance company in Rhode Island. Its overall rating is 4 and J.D Power awarded it 801 scores out of 1000, the highest among the carriers surveyed. Besides, A.M Best rated it A++, which is the highest they offer.

Whereas United is the cheapest homeowners insurance company in Rhode Island, based on a rate analysis by Its average rate for Rhode Island homeowners is $1,210 a year. It's $915 less than the state average ($2,125).

But the cheapest is not always the best. Homeowners insurance coverage varies among insurance providers and thus the home insurance premiums.

Among all the different Rhode Island homeowners insurance companies on the market, it's not easy to find the one that fits your needs. That's why we have created this guide to help you make an informed decision.

We've compiled a list of some of the best and cheap home insurance companies to help you decide which one is best for you.

Best home insurance companies in Rhode Island

If you're looking for the best homeowners insurance company in Rhode Island, we've got you covered. We've compiled a list of some of the top-rated insurers in the state and compared their rates, their customer satisfaction rating, J.D. Power score, claims handling and AM Best rating to help make your decision easier. Here is the list of best home insurance companies in Rhode Island:

  • Chubb

Compare best homeowners insurance companies in Rhode Island

The best homeowners insurance is not always the most expensive. If you ask yourself, "Which homeowners insurance company should I choose?" Then it might be time to start comparing quotes from different insurance providers and find the one that offers a standard homeowners insurance policy and adequate insurance coverage for your needs.

To help you pick the right insurance company, we've compared the insurers using the J.D. Power scores as well as ratings from A.M Best.

CompanyOverall ratingJ.D. Power scoreAM Best rating

Average cost of homeowners insurance in Rhode Island

The average cost of home insurance in Rhode Island is $2,125 a year or $177 a month, but this number may vary depending on the coverage options you choose and where you live. Basic coverage options include personal property coverage, dwelling coverage, and additional living expenses.

Many other factors go into determining your home insurance rates in Rhode Island, including property value and local crime rates.

Average annual premiumAverage monthly premium

10 Most expensive zip codes in Rhode Island for homeowners insurance

You may know that homeowners insurance costs vary significantly by ZIP code. The most expensive ZIP code for homeowners insurance in Rhode Island is 2907. Its average annual rate is $1,799.

Home insurance rates vary depending on where you live. Besides ZIP code, insurers consider these factors to decide your home insurance cost-

  • Building costs in your area
  • Your home's square footage
  • Your own home's construction and materials used
  • Crime rates in your locality
  • Risk of damage caused by certain types of disasters

Let's take a look at the most expensive ZIP codes and their average annual home insurance rates-  

ZIP codeAverage annual rate

10 Least expensive zip codes in Rhode Island for homeowners insurance

Below is a list of the ten least expensive ZIP codes for homeowners insurance in Rhode Island, based on's rate analysis. You will find that the least expensive ZIP code for home insurance in Rhode Island is 2864. Its average annual insurance cost for Rhode Island homeowners is $1,300---$1,005 less than the national average ($2,305).  

ZIP codeAverage annual rate

Cheap homeowners insurance in Rhode Island

United, State Farm, Narragansett Bay Insurance, Allstate, and Nationwide are the top five cheap homeowners' insurance companies in Rhode Island, based on's rate analysis.

When shopping for insurance, the first thing that you should do is compare rates and coverage from different companies. Why? Insurance prices vary by hundreds of dollars even if they offer the same type or amount of protection - so it pays to shop around.

Insurers use different methods when deciding on your insurance premium; as a result, prices vary significantly between carriers. Make sure you compare price quotes when you shop for home insurance, suggests's former Senior Consumer Analyst Penny Gusner.

Following is a list of cheapest home insurance companies along with their average annual premium-  

Company nameAverage annual premium
State Farm$1,488
Narragansett Bay Insurance$1,633

Home and auto bundle discounts in Rhode Island

Homeowners insurance in Rhode Island may be expensive for some ZIP codes, but still, there are ways to save on your home insurance.

If you buy both home and auto insurance from the same insurance provider, you can save an average of $252 a year or 16%, based on's analysis. However, it will depend on your insurer as well as your homeowners profile.

Here's a list of major Rhode Island insurance companies that offer a discount on bundling your home and auto insurance policies.

Company$ Bundle average saving% Bundle average saving
State Farm$29331%
Privilege Underwriters Recp Exch$1479%
Merrimack Mut Fire Insurance$1406%
New London Cnty$909%
Narragansett Bay Ins Co$495%
See How Much You Can Save
See How Much You Can Save
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