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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.

Best home insurance companies in Rhode Island 
Insurance companyAM BestAverage annual rateNAIC Complaint ratioInsurance.com score
State FarmA++1.07$ 9434.84
AIGA+0.08$ 1,2744.56
NationwideA+0.75$ 1,7224.06
Amica A+0.26$ 1,8294.04
AllstateA+2.04$ 1,6753.89
United Insurance HoldingsA-6.68$ 1,0543.4
Andover InsuranceA0.1$ 2,5363.29

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. 

Cheapest home insurance rates in Rhode Island by coverage level
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

$200,000
$1,000
$100,000
94404 - Foster City
Dwelling $200,000, Deductible $1,000 and Liability $100,000.

AVERAGE RATE: $797

HIGHEST RATE: $1,179 LOWEST RATE: $496

Most & least expensive zip codes for homeowners insurance in California

Most Expensive

Zip CodeCityHighest Rate
92325Crestline$1,450
92391Twin Peaks$1,426
92321Cedar Glen$1,425
92352Lake Arrowhead$1,423

Least Expensive

Zip CodeCityLowest Rate
94086Sunnyvale$742
94085Sunnyvale$743
94087Sunnyvale$743
95051Santa 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 codeAverage 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 codeAverage 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.

CityAnnual insurance premium
Narragansett
$1,263
Newport
$1,209
Pawtucket
$1,149
Providence
$1,249
West Greenwich
$1,217
Woonsocket
$1,142
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