Home Home insurance Average home insurance cost Homeowners insurance rates by state Average homeowners insurance cost in Rhode Island Average homeowners insurance cost in Rhode Island Homeowners insurance in Rhode Island costs $1,932 per year or $161 monthly, according to Insure.com’s data analysis. View Carriers Please enter valid zip Compare top carriers in your area Written by Shivani Gite Shivani Gite Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions. | Reviewed by Nupur Gambhir Nupur Gambhir Nupur Gambhir is a content editor and licensed life, health, and disability insurance expert. She has extensive experience bringing brands to life and has built award-nominated campaigns for travel and tech. Her insurance expertise has been featured in Bloomberg News, Forbes Advisor, CNET, Fortune, Slate, Real Simple, Lifehacker, The Financial Gym, and the end-of-life planning service. | Updated on: November 21, 2024 Why you can trust Insure.com Quality Verified At Insure.com, we are committed to providing the timely, accurate and expert information consumers need to make smart insurance decisions. All our content is written and reviewed by industry professionals and insurance experts. Our team carefully vets our rate data to ensure we only provide reliable and up-to-date insurance pricing. We follow the highest editorial standards. Our content is based solely on objective research and data gathering. We maintain strict editorial independence to ensure unbiased coverage of the insurance industry. Whether you’re buying a new home or want to protect the property you currently own, it’s important to have sufficient homeowners insurance coverage in place. However, home insurance policies can get expensive, depending on your insurer and the coverage level you choose.On average, Rhode Island homeowners insurance costs $1,932 a year, based on Insure.com’s data. Learn more about the average homeowners insurance rates by company and ZIP code in Rhode Island. Key Takeaways Homeowners insurance costs an average of $1,932 a year, based on Insure.com analysis.Of all the ZIP codes in Rhode Island, 2864 has the most affordable home insurance rates at around $1,745 annually.In Rhode Island, State Farm provides the most affordable home insurance at an average annual premium of $1,436. Average home insurance cost in Rhode Island by coverage levelThe average cost of homeowners insurance in Rhode Island is $1,932 per year for the coverage limits of $300,000 dwelling coverage and $100,000 liability with a $1,000 deductible.However, if you increase the dwelling coverage limit from $300,000 to $400,000, you will pay $2,363 per year for homeowners insurance in Rhode Island for $100,000 in liability protection and $1,000 deductible. Below, you can find the average cost of homeowners insurance in Rhode Island for dwelling coverage of $300,000, $400,000 and $500,000.Coverage Average annual rate Average monthly rate$200,000 with $1,000 Deductible and $100,000 Liability and 2% Deductible$1,489 $124 $200,000 with $1,000 Deductible and $300,000 Liability and 2% Deductible$1,505 $125 $300,000 with $1,000 Deductible and $100,000 Liability and 2% Deductible$1,932 $161 $300,000 with $1,000 Deductible and $300,000 Liability and 2% Deductible$1,950 $162 $400,000 with $1,000 Deductible and $100,000 Liability and 2% Deductible$2,363 $197 $400,000 with $1,000 Deductible and $300,000 Liability and 2% Deductible$2,381 $198 $600,000 with $1,000 Deductible and $100,000 Liability and 2% Deductible$3,306 $276 $600,000 with $1,000 Deductible and $300,000 Liability and 2% Deductible$3,327 $277 $1,000,000 with $1,000 Deductible and $100,000 Liability and 2% Deductible$5,211 $434 $1,000,000 with $1,000 Deductible and $300,000 Liability and 2% Deductible$5,235 $436 Homeowners insurance companies in Rhode Island decide rates based on risk. They consider your location, claims history, credit history and coverage limit when calculating premiums.If your neighborhood has seen many claims over the past few years, you can expect to pay higher home insurance rates than an area with few to no claims. Your credit score can also play a role in determining your home insurance costs. According to S&P Global Market Intelligence’s RateWatch application, the average homeowners insurance premium for owner-occupied homes nationwide increased by over 11% in 2023.Best homeowners insurance companies in Rhode IslandIt’s always wise to shop around and compare prices before you buy homeowners insurance. There are many factors that go into deciding the best homeowners insurance company.We have compared the insurers in Rhode Island using their NAIC score and AM Best rating and compiled a list of the best homeowners insurance in Rhode Island. Based on the analysis, State Farm received the lowest NAIC score and A++ rating from AM Best. A lower NAIC score indicates fewer complaints relative to the company’s size, suggesting higher customer satisfaction.Company Average annual premiumAM Best rating NAIC Complaint IndexOverall scoreState Farm$1,436A++0.955Pure Companies Grp$1,807A++0.084.73AIG$1,607A0.094.67Nationwide$2,019A+0.874.19Allstate$2,026A+0.94.18Andover Insurance$2,417A0.083.65Average homeowners insurance cost by company in Rhode IslandState Farm offers the most affordable homeowners insurance in Rhode Island, at an average annual premium of $1,436, followed by AIG and PURE.You can save hundreds — if not thousands — of dollars each year if you shop around for homeowners insurance.Here are the average annual and monthly insurance rates for Rhode Island homeowners for a policy with $300,000 dwelling coverage and $100,000 liability protection with a $1,000 deductible.Company Average annual rate Average monthly rateState Farm$1,436$120AIG$1,607$134PURE$1,807$151Nationwide$2,019$168Allstate$2,026$169Amica$2,215$185Andover Insurance$2,417$201Rhode Island homeowners insurance rates by ZIP codeIn Rhode Island, insurance companies evaluate the risk associated with specific locations to determine premiums. ZIP codes with higher crime rates or a history of natural disasters are often considered high-risk, resulting in higher insurance premiums. Additionally, the cost of rebuilding or repairing homes in a particular ZIP code can influence your price for a homeowners insurance policy.Shop around and compare quotes from different insurance companies to find the best home insurance rates in Rhode Island. Also, remember to inquire about any discounts, such as bundling policies or smart home discounts, to help lower your premium.Most affordable ZIP codes for home insurance rates in Rhode IslandNot every area in Rhode Island has the same home insurance cost. How much you pay for homeowners insurance in Rhode Island depends on many factors, including your ZIP code. Our data shows that 2864 ZIP has low-cost home insurance rates in Rhode Island, at about $1,745 a year or $145 monthly.Below you can find homeowners insurance rates for some of the most affordable ZIP codes in Rhode Island.ZIP codeAverage annual rateAverage monthly rate2864$1,745$1452895$1,753$1462838$1,794$1502826$1,802$1502858$1,804$1502876$1,807$1512830$1,809$1512839$1,812$1512824$1,817$1512859$1,824$152Most expensive ZIP codes for home insurance rates in Rhode IslandYour ZIP code is a key factor in determining the cost of your homeowners insurance coverage. In Rhode Island, certain areas have higher insurance premiums due to elevated crime rates, increased risk of natural disasters, and higher living costs.2882 has the most expensive homeowners insurance rates in Rhode Island at an average annual cost of $2,184.Below, we’ve highlighted some of the most expensive ZIP codes in Rhode Island for home insurance:ZIP codeAverage annual rateAverage monthly rate2882$2,184$1822841$2,179$1822813$2,173$1812891$2,168$1812881$2,150$1792835$2,126$1772872$2,123$1772837$2,122$1772801$2,121$1772840$2,094$175Home insurance rates vary from one city to another. But with Insure.com, finding the right home insurance policy is easy. Learn more about homeowners insurance costs for different cities below.Home insurance rates in Rhode Island by cityCranstonEast ProvidencePawtucketProvidenceWarwickHome insurance rate trend in Rhode IslandWe analyzed home insurance rate trends in Rhode Island and found that homeowners insurance rates experienced an overall increase of 10% or $176, from 2022 to 2023.The data below shows how much homeowners insurance rates have changed since 2019.2019 rates2022 rates2023 rates$1,859$1,756$1,932To choose the right homeowners insurance, it’s important to conduct thorough research and compare rates from various insurers, as each evaluates risk differently. Comparing quotes from at least three companies can help you secure the most affordable coverage in Rhode Island.Resources & methodologySourceS&P Global. “US homeowners insurance rates jump by double digits in 2023.” Accessed September 2024.MethodologyInsure.com worked with Quadrant Information Service to get homeowners insurance data. We analyzed 20,739,560 insurance quotes from 82 national and regional insurance companies across 34,588 ZIP codes to determine the average premiums.The insurance rates are based on a sample profile of a homeowner with good credit and the following coverage level:$300,000 dwelling coverage$100,000 liability protection$1000 deductibleWe have taken into account 3 important factors such as average annual cost, NAIC score and AM Best rating, to determine the list of best homeowners insurance companies. The quoted insurance rates are for comparison purposes, and your individual rates may vary. Explore other insurance options in Rhode-Island Average renters insurance cost in Rhode Island Average car insurance cost in Rhode Island Non-owner auto insurance in Rhode Island How much is home insurance in other statesAlaska$1,695/YearAlabama$3,131/YearArkansas$3,948/YearArizona$2,468/YearCalifornia$1,386/YearColorado$4,086/YearConnecticut$2,205/YearWashington, D.C.$1,327/YearDelaware$1,366/YearFlorida$4,405/YearGeorgia$2,286/YearHawaii$593/YearIowa$2,642/YearIdaho$1,950/YearIllinois$3,044/YearIndiana$2,969/YearKansas$4,826/YearKentucky$3,314/YearLouisiana$3,576/YearMassachusetts$1,622/YearMaryland$1,707/YearMaine$1,375/YearMichigan$2,396/YearMinnesota$2,399/YearMissouri$3,528/YearMississippi$3,369/YearMontana$3,265/YearNorth Carolina$2,933/YearNorth Dakota$3,134/YearNebraska$4,785/YearNew Hampshire$1,209/YearNew Jersey$1,506/YearNew Mexico$2,638/YearNevada$1,444/YearNew York$1,777/YearOhio$2,144/YearOklahoma$5,749/YearOregon$1,741/YearPennsylvania$1,886/YearSouth Carolina$2,668/YearSouth Dakota$3,374/YearTennessee$3,045/YearTexas$3,844/YearUtah$1,792/YearVirginia$2,135/YearVermont$1,247/YearWashington$1,596/YearWisconsin$1,648/YearWest Virginia$1,886/YearWyoming$1,885/YearShow moreShivani GiteContributing Writer | . .Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. 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