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Best homeowners insurance in Rhode Island for 2022

Updated Dec 02, 2022
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How Bankrate chose the best home insurance companies in Rhode Island

To find the best Rhode Island homeowners insurance companies, our editorial team researched and reviewed some of the biggest providers in the state by market share. Then, each insurance company was evaluated using our unique methodology and assigned a Bankrate Score consistent with the findings.

Bankrate Scores, which are out of 5.0 points, are based on features like financial strength, customer experience, claim handling, and online and mobile resources. We also pulled rate data from Quadrant Information Services to determine average premiums for each home insurance provider, and factored affordability into the Bankrate Scores.

When comparing Rhode Island home insurance companies, using Bankrate Scores may make it easier to see how an insurer may stack up against its competitors. Many factors contribute to Bankrate Scores, so companies with the highest scores are typically well-rounded and excel in multiple areas, rather than standing out for one thing.

Best home insurance companies in Rhode Island

According to our reviews and rate data from Quadrant Information Services, some of the best home insurance companies in Rhode Island are State Farm, Amica and Nationwide. These providers each have average rates below or near the state-wide average premium of $1,221 per year. In addition, State Farm and Amica are highly rated in J.D. Power’s 2022 U.S. Home Insurance Study.

If you’re in the market for the best home insurance in Rhode Island, here are some companies that might be worth considering:

Home insurance company Bankrate Score Average annual premium for $250K in dwelling coverage J.D. Power score AM Best rating
State Farm 4.7 $616 829/1,000 A++
Amica 4.2 $1,212 849/1,000 A+
Nationwide 4.1 $1,021 816/1,000 A+
United P&C Insurance Co (UPC) Not rated $885 N/A A-
PURE Not rated $1,129 N/A A+

State Farm

Best for: Low rates

Rhode Island homeowners who want to find some of the cheapest homeowners insurance could consider State Farm. Based on average premium data from Quadrant, State Farm has some of the lowest home insurance rates, with an average premium of $616 per year for $250,000 in dwelling coverage. In addition, the company offers a handful of discounts, with potential savings for having an impact-resistant roof, bundling your policies and having protective devices installed in your home. State Farm may not be the best insurer for homeowners looking to customize their policy. The company does not offer as many add-ons, especially compared to some other insurers we reviewed.

Learn more: State Farm Insurance review


Best for: Customer service

Amica may not be the cheapest provider on our list, but the company could be a great choice for Rhode Island homeowners who value customer service. Amica received the highest official J.D. Power ranking in the nation for its customer service. The company also offers dividend policies, which could help you recoup up to 20 percent of your premium each year. There are also plenty of potential discounts to help you control your rate, like multi-line, claim-free and loyalty. For homeowners considering a quote from Amica, the company can be reached at

Learn more: Amica Insurance review


Best for: Add-on coverage

Nationwide may be one of the best homeowners insurance in Rhode Island if you want to personalize your policy. The company offers numerous optional coverage types, including credit card coverage, identity theft and water backup coverage. The Better Roof Replacement option is a unique feature that could pay to repair or replace your roof with stronger, safer materials after a covered loss. The company also has a long list of discounts that might help you save on your premium. One of the drawbacks of Nationwide is that it was rated below average for customer satisfaction in 2022 by J.D. Power.

Learn more: Nationwide Insurance review

UPC Insurance

Best for: Discounts

Rhode Island homeowners who are looking for a provider that offers specialty discounts could consider UPC Insurance. The company has low average premiums and offers a handful of discounts for installing home safety equipment, insuring a new home, bundling policies and more. UPC is also a good option for coastal homeowners. Policies have no mandatory hurricane deductible, and you can add public or private flood insurance to your policy. Potential customers should note that out of the Rhode Island home insurance companies we reviewed, UPC has a relatively low financial strength rating and is not rated by J.D. Power for customer satisfaction.

Learn more: UPC Insurance review


Best for: High value homes

PURE Insurance specializes in insuring high value homes, so it may be a good option if you need more than $1 million in coverage or want protection for luxury items. Some of the perks that PURE offers include flexible rebuilding options (including a cash settlement), guaranteed dwelling replacement cost coverage, up to $50,000 in jewelry coverage, a deductible waiver and sewer/drain backup coverage. After a claim, PURE also provides a dedicated representative to help you find temporary housing, hire contractors and more. However, keep in mind that PURE’s average rates are relatively expensive, and there aren’t many discounts offered.

Learn more: PURE Insurance review

How much is homeowners insurance in Rhode Island?

On average, Rhode Island homeowners insurance costs $1,221 per year for a policy with $250,000 in dwelling coverage. This is slightly less than the average cost of home insurance in the U.S. which is $1,383 per year for the same coverage amount.

The cost of home insurance in Rhode Island is comparable to neighboring states. For example, home insurance costs an average of $1,274 per year in Massachusetts and $1,216 in Connecticut. Like other homeowners in New England, Rhode Island homeowners have specific considerations when it comes to home insurance.

For example, Rhode Island experiences some severe weather that could potentially damage homes. Due to its location along the coast, some homes in the state could be impacted by hurricanes and heavy winds, as well as hail storms, thunderstorms and even blizzards during the winter months.

Home insurance rates in Rhode Island can be impacted by a variety of factors. When you apply for a policy, the insurance company may account for things like your home’s age, credit score, claim history, the size of your home and the city and ZIP code to determine your premium.

Home insurance in Rhode Island

Rhode Island homeowners should be aware of the unique risks in the state. For example, hurricanes, flooding and storm surge damage may affect many Rhode Island homes during powerful storms. While major storms are not frequent in Rhode Island, National Oceanic and Atmospheric Association data shows that the state experienced hurricane-force winds six times between 1900 and 2019. The state capital of Providence also saw storm surge tides 9.4 feet above the typical high tide line during Superstorm Sandy in 2012.

Common causes of loss in Rhode Island

Rhode Island does not experience severe weather as often as some other states. The climate is relatively mild year-round, with cold, snowy winters and hot, humid summers. However, there are some weather-related risks that homeowners should be prepared for. Here are some of the common causes of property loss in Rhode Island:

  • Flooding: The entire state of Rhode Island has a relatively high risk for flood damage due to the state’s position on the coast. Because floods are not covered by standard homeowners insurance, the risk of flooding does not affect home insurance premiums. However, it may influence which coverage options or add-on policies you choose to purchase.
  • Wind and hail storms: Wind and hail storms are not uncommon in Rhode Island. Wind storms, especially in the summer, are often accompanied with strong thunder and heavy rain. In the cooler months, hail storms can cause damage to the siding of houses and roofs.
  • Water damage: Other types of water damage, including water backup and damage caused by rain, are relatively common in Rhode Island.

Home insurance coverage options in Rhode Island

Most homeowners insurance policies in Rhode Island will include basic coverage types, like dwelling, personal property, other structures, liability, medical payments and loss of use coverage. In addition, you might want to consider purchasing endorsements or separate policies for more protection. These could include:

  • Flood insurance: Flood damage is not covered by standard homeowners insurance policies. Some companies, like Narragansett Bay Insurance, offer a flood insurance endorsement, but you will typically need to purchase a separate policy to obtain coverage.
  • Water backup coverage: If water backs up into a sewer or drain line and damages your home or personal property, you will need this endorsement to have coverage. This type of damage is relatively common in basements and crawl spaces, but it can happen in any water or drain line.
  • Debris removal coverage: This coverage could help to pay for the cost of removing debris from your property after a storm or other covered loss. Most policies have a standard amount of debris removal coverage, but you may want to increase your limits.
  • Dwelling replacement cost coverage: This coverage is designed to pay you for the full replacement cost of your home’s structure rather than taking depreciation out of a settlement. Not all homes qualify, though, so be sure to talk to your provider about this option.

Working with a licensed insurance professional may be helpful when you are choosing coverage. Agents typically have the additional expertise needed to assess your situation and help you choose appropriate endorsements and coverage levels.

Frequently asked questions

Written by
Elizabeth Rivelli
Insurance Contributor

Elizabeth Rivelli is a contributing insurance writer for Bankrate and has years of experience writing for insurance domains such as The Simple Dollar, and NextAdvisor, among others

Edited by Insurance Editor