Best homeowners insurance in Rhode Island of 2021


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Almost 62% of Rhode Islanders own a home, but insurance in the smallest state is relatively expensive. The average home insurance premium in Rhode Island is $1,096 per year for a policy with $250,000 in dwelling coverage. Because the state is situated along the coast, many houses are susceptible to damage from strong winds, hurricanes and storm surges.

Before purchasing homeowners insurance in Rhode Island, there are a few things to consider. You should determine how much coverage you need, what deductible you can afford and if you need coverage above and beyond your policy’s limits. If you have a mortgage, make sure you know the minimum amount of coverage required by your lender.

Best home insurance companies in Rhode Island

If you are buying homeowners insurance for the first time, know that not all insurance providers are created equal. To simplify your shopping experience, we put together a list of the best Rhode Island home insurance companies.

Home insurance company Average annual premium for $250K liability J.D. Power score
State Farm $499 829/1,000
Allstate $865 829/1,000
UPC Insurance $748 777/1,000
MetLife $782 824/1,000
Narragansett Bay Insurance $590 N/A

State Farm

State Farm is a great option for Rhode Island homeowners who want affordable coverage. The average premium is $499 per year, which is almost $600 below the statewide average. State Farm also offers a variety of discounts for further savings.


Allstate stands out for its unique add-on coverages, like sports equipment, musical instrument and green improvement reimbursement coverage. Rhode Island homeowners can take advantage of discounts and enroll in the disappearing deductible program to get a lower premium.

UPC Insurance

UPC Insurance specializes in coastal home insurance. Rhode Island homeowners can get robust coverage through endorsement packages, and purchase specialty coverages, like flood insurance, to protect their home from coastal risks, like storm surges.


MetLife insurance is a good choice for homeowners who want a high amount of coverage for a low price. MetLife is one of the only home insurance providers in Rhode Island that includes replacement cost coverage for your dwelling and personal items with every standard policy.

Narragansett Bay Insurance

Narragansett Bay Insurance is a local insurance company that is headquartered in Rhode Island. The policies are priced well below average, and the company offers many endorsements, like flood insurance, home systems protection and service line coverage.

Average cost of homeowners insurance in Rhode Island

In Rhode Island, the average cost of home insurance is $1,096 per year for a policy with $250,000 in dwelling coverage. For comparison, the average cost of home insurance in the United States is $1,477 per year. That means Rhode Islanders pay 26% less than the average American.

The cost of home insurance in Rhode Island is comparable to neighboring states. For example, home insurance costs an average of $1,258 per year in Massachusetts, but in Connecticut the cost of home insurance is only $1,076 per year. Rhode Island faces specific coastal risks that are less common in other New England states.

Home insurance considerations in Rhode Island

Because of its close proximity to the coast, homes in Rhode Island are at an increased risk of hurricane, flood and storm surge damage. Having a comprehensive home insurance policy can help to protect your home from common hazards.

Rhode Island common causes of loss

In 2019, property and casualty losses in Rhode Island totaled $1.4 billion, according to the Insurance Information Institute. Some of the most common causes of homeowners insurance claims in the state include:

  • Flooding and water damage
  • Storm surges
  • Hurricanes and windstorms

Recommended coverages in Rhode Island

Homeowners in Rhode Island should look for a policy that includes basic coverages, like dwelling, personal property, other structures, liability, medical payments and loss of use coverage. In addition, you might consider purchasing endorsements for more protection, such as:

  • Flood insurance
  • Debris removal coverage
  • Dwelling replacement cost coverage

Frequently asked questions

Is homeowners insurance required in Rhode Island?

No, homeowners insurance is not legally required in Rhode Island. However, if you have a mortgage on your home, your lender will likely require you to get insurance before you can be approved.

What is the best homeowners insurance in Rhode Island?

There is not one homeowners insurance company in Rhode Island that is the best option for every resident. Before you choose a provider, it is important to shop around to find a company that will give you the best value and coverage options.

How much does homeowners insurance in Rhode Island cost?

On average, homeowners insurance costs $1,096 per year in Rhode Island. However, you may pay more or less than the average. Homeowners insurance is highly personalized. Factors like your age, gender, ZIP code and the size of your home are all used to calculate your rate.

How do I get homeowners insurance in Rhode Island?

To get homeowners insurance in Rhode Island, start by looking into the companies on our list. Pay special attention to the coverages, add-on policies and discounts that they offer. Then, get sample quotes from a few different providers to find the company that will offer you the best deal. You will be asked to submit some personal details and information about your home. If you are not sure how much coverage you need, contact an agent who can help.


Bankrate utilizes Quadrant Information Services to analyze rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on 40-year-old male and female homeowners with a clean claim history, good credit and the following coverage limits:

  • Coverage A, Dwelling: $250,000
  • Coverage B, Other Structures: $25,000
  • Coverage C, Personal Property: $125,000
  • Coverage D, Loss of Use: $50,000
  • Coverage E, Liability: $300,000
  • Coverage F, Medical Payments: $1,000

The homeowners also have a $1,000 deductible and a separate wind and hail deductible (if required).

These are sample rates and should be used for comparative purposes only. Your quotes may be different.

Rates are determined based on 2020 Quadrant Information Services data.

About the author

Elizabeth Rivelli

Elizabeth Rivelli

Elizabeth has two years of experience writing for insurance domains such as, The Simple Dollar, and NextAdvisor, among others. In addition to auto insurance, Elizabeth regularly writes about home insurance, renters insurance and life insurance. She also covers industry trends and general insurance education.