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Best homeowners insurance in Rhode Island for 2022

Updated Sep 02, 2022
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Rhode Island is the smallest state in the country but has a population of over 1 million residents. Nearly 61% of its residents own a home. The average cost of home insurance in Rhode Island is $1,193 per year for $250,000 in dwelling coverage, according to Bankrate’s 2021 study of quoted annual premiums. Having a homeowners insurance policy is an important part of your financial plan.

Best home insurance companies in Rhode Island

When researching Rhode Island homeowners insurance companies, we first analyzed average premiums obtained from Quadrant Information Services. We also reviewed each company’s available coverage and discounts, as well as any unique policy features like mobile apps or website functionality. Finally, we factored in J.D. Power customer satisfaction scores from the 2020 Home Insurance Study.

While searching for the best Rhode Island homeowners insurance, you may want to consider a quote from the following companies:

Home insurance company Average annual premium for $250K in dwelling coverage J.D. Power score
Allstate $1,388 829/1,000
Amica $1,173 854/1,000
Narragansett Bay Insurance $551 Not rated
Nationwide $969 812/1,000
UPC Insurance $905 Not rated


Although its average premium is higher than Rhode Island’s average, Allstate might be a good choice for Rhode Island homeowners. Allstate stands out for its unique add-on coverage options, like sports equipment, musical instruments and green improvement reimbursement coverage. Rhode Island homeowners may also be able to take advantage of the company’s discounts and enroll in the disappearing deductible program to reduce their out-of-pocket expense following a claim.

Learn more: Allstate Insurance review


Amica isn’t 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 (USAA is not officially ranked due to eligibility requirements). The company also offers dividend policies, which could help you recoup up to 20% of your premium each year. There are also plenty of discounts to help you control your rate, like multi-line, claim-free and loyalty.

Learn more: Amica Insurance review

Narragansett Bay Insurance

Narragansett Bay Insurance is a local insurance company headquartered in Rhode Island. With the lowest average premium on our list, the company might be a good fit if budget is your primary concern and you like to keep your business local. The company offers many endorsements, like home systems protection and service line coverage. Narragansett Bay Insurance also offers flood coverage as a homeowners insurance endorsement, which is rare in the industry. However, Narragansett Bay Insurance is too small a company to be rated by J.D. Power, so you may need to talk to current clients to get a sense of its customer service.


Nationwide may be a good fit if you are looking for a policy that can be highly personalized. 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 will 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.

Learn more: Nationwide Insurance review

UPC Insurance

UPC Insurance specializes in coastal home insurance. Rhode Island homeowners could get robust coverage through endorsement packages. You may also want to consider purchasing specialty coverage options, like equipment breakdown or service line coverage, to round out your coverage. If you have storm mitigation measures, like storm shutters or impact-resistant doors, you may qualify for a discount. UPC was not ranked in J.D. Power’s 2021 U.S. Home Insurance Study, but it scored well below average for customer satisfaction in the 2020 study, so the provider might not be the best fit for homeowners looking for excellent service.

Learn more: UPC Insurance review

How much is homeowners insurance in Rhode Island?

On average, Rhode Island home insurance costs $1,193 per year for a policy with $250,000 in dwelling coverage. For comparison, the average cost of home insurance in the United States is $1,312 per year.

The cost of home insurance in Rhode Island is comparable to neighboring states. For example, home insurance costs an average of $1,307 per year in Massachusetts and $1,184 in Connecticut. Like other homeowners in New England, Rhode Island homeowners have specific considerations when it comes to home insurance.

Home insurance 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. Understanding the common causes of loss in Rhode Island and what coverage types could help protect your finances from these damages may help you to create a policy that fits your needs.

Common causes of loss in Rhode Island

Rhode Island’s coastal position leaves it vulnerable to a number of harsh weather conditions. Some of the most common causes of damage in the state include:

  • 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 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.
  • Water damage: Other types of water damage, including water backup and damage caused by rain, are relatively common in Rhode Island.
  • Hurricanes and windstorms: Like the rest of New England’s coastal states, Rhode Island is occasionally in the path of hurricanes, which can cause devastating and widespread damage.

Understanding the common causes of loss in your region is an important part of purchasing homeowners insurance. Once you know the losses you need to insure your property against, you may feel better prepared to choose coverage.

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, such as:

  • 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


Bankrate utilizes Quadrant Information Services to analyze 2021 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 will differ.

Written by
Cate Deventer
Insurance Writer & Editor
Cate Deventer is a writer, editor and insurance professional with over a decade of experience in the insurance industry as a licensed insurance agent.
Edited by Insurance Editor
Reviewed by Assistant Vice President & Claims Field Manager