State Farm is the best homeowners insurance company in Rhode Island, based on a 2023 analysis by Insurance.com, with an overall rating of 4.84. AIG is the second-best home insurance company in Rhode Island, with an overall rating of 4.56.
State Farm offers the cheapest home insurance in Rhode Island at $943 a year.
With so many options out there, it is not easy to choose a homeowners insurance company in Rhode Island. You need a reliable company that will provide you with quality service at an affordable price. Read on for everything you need to know to buy Rhode Island home insurance.
Key takeaways
- The average cost of homeowners insurance in Rhode Island is $1,774 a year or $148 a month.
- The cheapest homeowners insurance company in Rhode Island is State Farm, with home insurance rates averaging $943 a year.
- State Farm ranked as the best insurance company in Rhode Island based on rates, complaints, and financial stability.
Average home insurance cost in Rhode Island
The average cost of homeowners insurance in Rhode Island is $1,774 a year or $148 a month. This is based on coverage of:
- $300,000 dwelling
- $300,000 liability
- $1,000 deductible.
- 2% Hurricane deductible
However, the average annual premium varies by the insurance company, your ZIP code, coverage type, your home's age, among other factors. It’s a good idea to compare price quotes from different Rhode Island homeowners insurance companies to get the best deal.
Best home insurance companies in Rhode Island
The best home insurance company in Rhode Island for 2023 is State Farm, followed by AIG and Nationwide.
Below is a full list of the top Rhode Island insurance companies based on price, NAIC complaints, and AM Best financial ratings. The total Insurance.com score is calculated out of five using these factors.
Cheapest home insurance companies in Rhode Island
Below are Rhode Island home insurance rates by company for six different levels of dwelling coverage, each with $300,000 in liability and a $1,000 deductible. Based on our rate analysis, you’ll see State Farm has the most affordable rates in every category.
| Company | $200,000 | $300,000 | $400,000 | $500,000 | $600,000 |
|---|---|---|---|---|---|
| State Farm | $ 753 | $ 943 | $ 1,140 | $ 1,385 | $ 1,615 |
| United Insurance Holdings | $ 767 | $ 1,054 | $ 1,407 | $ 1,759 | $ 2,086 |
| Heritage Insurance Holdings | $ 900 | $ 1,177 | $ 1,422 | $ 1,681 | $ 1,944 |
| AIG | $ 1,073 | $ 1,274 | $ 1,559 | $ 1,919 | $ 2,121 |
| Allstate | $ 1,438 | $ 1,675 | $ 1,920 | $ 2,252 | $ 2,607 |
| Nationwide | $ 1,217 | $ 1,722 | $ 2,238 | $ 2,734 | $ 3,265 |
| Pure Companies Grp | $ 1,229 | $ 1,755 | $ 2,281 | $ 2,806 | $ 3,375 |
| Amica | $ 1,352 | $ 1,829 | $ 2,304 | $ 2,745 | $ 3,162 |
| Andover Insurance | $ 2,084 | $ 2,536 | $ 2,886 | $ 3,397 | $ 3,909 |
*USAA only provides coverage to military members, veterans and their families.
Rhode Island home insurance rates by ZIP code
Home insurance rates can vary widely depending on where the home is located. We compared home insurance rates by ZIP code in Rhode Island to see which areas are the most and least expensive.
Enter your ZIP code and desired coverage level in the search box to see the average home insurance rate for that area. You will also see the highest and lowest premiums from major home insurers. This will give you an idea of how much you can save by comparing home insurance rates. The difference between the highest rate and the lowest rate is how much you could save by shopping around.
HOME INSURANCE CALCULATOR
Average home insurance rates in CALIFORNIA
AVERAGE RATE: $797
Most & least expensive zip codes for homeowners insurance in California
Most Expensive
| Zip Code | City | Highest Rate |
|---|---|---|
| 92325 | Crestline | $1,450 |
| 92391 | Twin Peaks | $1,426 |
| 92321 | Cedar Glen | $1,425 |
| 92352 | Lake Arrowhead | $1,423 |
Least Expensive
| Zip Code | City | Lowest Rate |
|---|---|---|
| 94086 | Sunnyvale | $742 |
| 94085 | Sunnyvale | $743 |
| 94087 | Sunnyvale | $743 |
| 95051 | Santa Clara | $743 |
The most expensive ZIP codes in Rhode Island for home insurance
Rhode Island homeowners insurance rates are the most expensive for ZIP code 02907, with an average annual cost of $1,683.
The most expensive ZIP codes in Rhode Island are:
| ZIP code | Average annual rates |
|---|---|
| 02907 | $ 1,683 |
| 02801 | $ 1,669 |
| 02909 | $ 1,668 |
| 02882 | $ 1,666 |
| 02908 | $ 1,652 |
| 02904 | $ 1,633 |
The least expensive ZIP codes in Rhode Island for home insurance
The cheapest ZIP codes for home insurance in Rhode Island are:
| ZIP code | Average annual rates |
|---|---|
| 02806 | $ 1,437 |
| 02877 | $ 1,444 |
| 02809 | $ 1,446 |
| 02833 | $ 1,457 |
| 02812 | $ 1,460 |
| 02836 | $ 1,461 |
Compare homeowners insurance rates by city in Rhode Island
Home 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 home insurance for your specific city in Rhode Island.
| City | Annual insurance premium |
|---|---|
Narragansett | $1,263 |
Newport | $1,209 |
Pawtucket | $1,149 |
Providence | $1,249 |
West Greenwich | $1,217 |
Woonsocket | $1,142 |
Compare homeowners insurance rates with other states
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