How much is renters insurance in Rhode Island?

The average cost of renters insurance in Rhode Island is $473 a year, and the average monthly cost is $39. That's for a policy with personal property coverage of $40,000, liability coverage of $100,000, and a deductible of $1,000.

What you pay for renters insurance may differ from your neighbours because it depends on factors specific to each person: the property you want to insure, extra coverage options you add, and the deductible amount you choose.

"The number one thing that's most important is to get good liability. A renter's policy will default to $100,000 liability," Josiah Hatch, an insurance pro with Bender Hatch Insurance in Boston, said. "It costs next to nothing to go from $100,000 to $500,000. I want to say it's probably 10 bucks a year. It's really cheap to get a lot of extra coverage. I always recommend getting the most liability you can because that's, at its core, what insurance is all about: the worst-case scenario."

Average annual premium	$473
Average monthly premium	$39

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Best renters insurance companies in Rhode Island

State Farm, Amica Mutual and Allstate are our best renters insurance companies in Rhode Island.

Rates differ widely between renters insurance providers, so it pays to shop around. But rates aren’t the entire picture. It’s also important to choose an insurance company with a good reputation so you know it will be there for you when you need it.

To help you choose the best renters insurance in Rhode Island, we reviewed rates and third-party ratings including complaint volume with the National Association of Insurance Commissioners (NAIC) and financial ratings from AM Best.

Among the carriers surveyed, State Farm is the best renters insurance company in Rhode Island, with a top score and an average renters insurance rate of $187.

Below is our list of best renters insurance companies in Rhode Island based on that analysis, with our score out of five.

Company	Average annual premium	AM Best	NAIC	Insurance.com rating
State Farm	$187	A++	0.95	5
Amica Mutual	$185	A+	0.23	4.96
Allstate	$239	A+	0.9	4.87
New London County Insurance	$310	A	0.2	4.76
Nationwide	$205	A+	0.87	4.62
AIG	$806	A	0.09	4.25
Pure Companies Grp	$1,378	A++	0.08	3.81

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Cheapest renters insurance in Rhode Island

Amica Mutual is the cheapest renters insurance company in Rhode Island based on our rate analysis with an average annual premium of $185.

Renters insurance prices can vary drastically between companies. That's why it is important to compare rates and see which company offers the best deal to get coverage at an affordable price.

Below are the cheapest renters insurance companies in Rhode Island and their average annual premiums.

Company name	Average annual premium
Amica Mutual	$185
State Farm	$187
Nationwide	$205
Allstate	$239
New London County Insurance	$310
AIG	$806
Pure Companies Grp	$1,378

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Rhode Island renters insurance: The least and most expensive ZIP codes

Where you live in Rhode Island affects how much you pay for renters insurance. The most expensive ZIP code in Rhode Island for renters insurance is 2907, where the average annual rate is $488 which is $15 more than the state average insurance premium.

On the other end of the spectrum, the least expensive ZIP code for renters insurance is 2840, with an average annual rate of $461.

The following table lists the least and most expensive ZIP codes in Rhode Island for renters insurance.

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Most expensive ZIP code
Least expensive ZIP code

ZIP code	Average annual rate
2907	$488
2915	$485
2903	$480
2914	$479
2908	$473
2891	$471
2911	$468
2852	$464
2885	$462
2842	$461

ZIP code	Average annual rate
2840	$461
2841	$462
2818	$463
2814	$468
2815	$469
2874	$472
2825	$476
2912	$480
2915	$485
2918	$487

Compare renters insurance rates by city in Rhode Island

Renters 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 renters insurance for your specific city in Rhode Island.

City	Annual insurance premium
Central Falls	$434
Coventry	$433
Cranston	$433
Cumberland	$426
East Providence	$436
Newport	$436
Pawtucket	$431
Providence	$447
Warwick	$429
Woonsocket	$425

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How to get cheap renters insurance in Rhode Island

There are a few things you can do to get cheaper renters insurance in Rhode Island:

Shop around. Not every Rhode Island renters insurance company offers the same rates or discounts. Shop around for the best price.
Ask about discounts. There are a lot of discounts available on renters insurance; one of the biggest is bundling your home and auto insurance, so ask for an auto quote at the same time.
Chose a higher deductible. Your deductible affects your premiums; higher deductibles mean lower rates. Just ensure you can afford the deductible if you have to pay it.

Methodology

Insurance.com compared renters insurance rates provided by Quadrant Information Services for $40,000 personal property coverage with a $1,000 deductible and $100,000 liability coverage for all available ZIP codes based on a renter with good credit. To rank the best insurance companies, we gathered AM Best financial stability ratings, where an A++ is the best possible score, and National Association of Insurance Commissioners (NAIC) complaint ratios, which compare the number of complaints a company receives to the anticipated complaint volume based on market share. These factors were used along with rates to find the best companies overall.

Rhode Island renters insurance: FAQ

Do I need renters insurance in Rhode Island?

Renters insurance isn’t required by law, but your landlord may require you to purchase a policy as part of your lease agreement.

How much renters insurance do I need in Rhode Island?

You don’t need any renters insurance by law, but when buying a policy you should ensure you have enough personal property coverage to cover all of your personal property at replacement cost.