Best Home Insurance Quotes in Rhode Island

Cheapest home insurance companies in Rhode Island

Amica is the best company to contact for home insurance quotes in Rhode Island. It has the state’s cheapest home insurance at $1,609 a year, or $134 a month.

PURE, which caters to clients with luxury homes, has the next-cheapest rates at $161 a month. Allstate is the next-cheapest company after that at $184 a month.

RI home insurance rates

Company		Annual rate	LendingTree score
	Amica	$1,609
	PURE	$1,935
	Allstate	$2,209
	AIG	$2,220
	Nationwide	$2,524
	Narragansett Bay	$2,941
	The Andover Companies	$3,454

Best homeowners insurance companies in Rhode Island

Amica’s low rates and high ratings help make it the best homeowners insurance company in Rhode Island. The ratings include J.D. Power overall satisfaction rankings and complaint scores from the National Association of Insurance Commissioners (NAIC).

PURE is the best insurance company for luxury homes. Allstate has the best policy features.

Best home insurance companies at a glance

Best overall home insurance company in Rhode Island: Amica

Amica’s home insurance rates are 28% less than the state average. It also has a better overall customer satisfaction than most of its competitors. Its complaint rating indicates it had one-third as many complaints as average, which is excellent.

Amica’s Standard Choice policies offer basic coverages that most homeowners need. These include protections for your home and belongings from fire, windstorms and winter freezes. You have to pay extra for things like water backup protection and replacement cost coverage for your belongings. These and other add-ons are available on their own or grouped together in a Platinum Choice package.

PROS

• Average rate is 28% cheaper than the state average
• Excellent ratings from J.D. Power and the NAIC
• Flexible coverage options
• Discounts for new or remodeled homes

CONS

• Amica has limited office locations for in-person service

Best for luxury homes: PURE

PURE’s standard policies include coverages that cost extra from most other companies. These include water backup protection and guaranteed replacement cost coverage for your home.

PURE also provides services and tools to make your home safer. It offers risk-management consultations and devices that monitor your plumbing and electrical systems for potential problems.

PROS

• Guaranteed replacement cost coverage for your home
• Jewelry coverage begins at $25,000 per item
• Free home risk assessments

CONS

• You can’t get instant quotes online, but you usually hear back within one business day

Best policy features: Allstate

Along with affordable rates, Allstate offers policy features that can save you money down the line. The company’s Claims RateGuard feature protects you from a rate increase after your first home insurance claim. Its Deductible Rewards program reduces your deductible by $100 after each year you avoid claims.

Allstate also offers a unique add-on with its green improvement reimbursement endorsement. This pays extra to replace damaged items with new ones that are more energy efficient.

PROS

• Rates are a little less than the state average
• Claims RateGuard protects you from a rate increase
• Deductible Rewards lower your deductible if you avoid claims

CONS

• Ratings from J.D. Power and NAIC could be better

How much is home insurance in Rhode Island?

The average cost of home insurance in Rhode Island is $2,240 a year, or $187 a month.

Your actual rate depends on factors like:

Each company weighs these factors differently and offers different discounts. This makes it good to compare home insurance quotes from a few different companies when you buy or renew your policy.

Home insurance rates by coverage amounts

Your dwelling limit is one of the key factors that determines your insurance rate. The higher your limit, the more you’ll pay.

For example, a $450,000 policy costs 21% more than a $350,000 policy. The difference works out to $436 a year, $36 a month.

If you have a mortgage, your lender will make you insure your home for its replacement value . You can choose a lower dwelling limit if you’ve paid off your mortgage or have a low loan balance. However, doing so could leave you short on funds to rebuild if a major disaster strikes.

Home insurance rates by dwelling limit

Rhode Island homeowners insurance rates by city

Cumberland has the cheapest home insurance among Rhode Island’s largest cities at $2,023 a year. This is only slightly less than runner-up Woonsocket at $2,059 a year.

Westerly has the state’s most expensive home insurance at $2,410 a year. This is 8% higher than the state average. Homeowners in Newport have the second-highest average cost at $2,346 a year.

Home insurance in Providence costs an average of $2,281 a year, or 2% more than the state average.

Home insurance rates near you

Rhode Island flood insurance

Homeowners insurance does not cover flood damage. Instead, you can buy flood insurance to protect your home from this risk.

The average cost of flood insurance in Rhode Island is $1,034 a year, or $86 a month. The actual price you pay depends on factors like your home’s flood risks and design.

If you need a mortgage in a high-risk flood zone, your lender will make you get flood insurance. You should consider it even if you live in a lower-risk zone due to how common flooding is and the high cost of repairs.

Government flood insurance vs. private providers

Most people get flood insurance through the government-backed National Flood Insurance Program (NFIP), but private companies also offer it.

The NFIP is managed by the Federal Emergency Management Agency (FEMA), which offers flood zone maps and a provider directory on its website. These policies offer up to $250,000 in building coverage for your home and up to $100,000 in contents coverage for your belongings.

Private flood insurance includes standalone policies and protections you can add to an existing NFIP policy. For example: