Best & Cheapest Home Insurance in Rhode Island (2026)
Amica typically has the cheapest home insurance in Rhode Island, at $1,366/yr, on average. | ||
Home insurance in Rhode Island costs an average of $2,096/yr, 12% less than the national average. | ||
Homes along Rhode Island’s southern coast and bayfront areas tend to have the most expensive insurance. Average rates can reach over $2,600/yr. |
Find Cheap Home Insurance Quotes in Rhode Island
Who has the best cheap home insurance in RI?
Who has the cheapest homeowners insurance in RI?
Amica has the cheapest homeowners insurance in Rhode Island.
Find Cheap Home Insurance Quotes in Rhode Island
- Amica's home insurance tends to cost 35% to 47% less than the Rhode Island state average, depending on how much coverage you need. Amica also has exceptional customer service, so it's the best choice for most people.
- NLC Insurance also has very affordable home insurance rates ranging from 30% to 36% cheaper than the statewide average. NLC has lots of insurance agents throughout the Rhode Island area, so it's a great choice if you prefer having a personal relationship with your agent.
Homeowners insurance quotes in Rhode Island by dwelling coverage
Key takeaways
- Home insurance rates in Rhode Island went up by just 3% in 2025. That's about half the national average. It's also an improvement from double-digit increases in 2023 and 2024, when rates went up by around 13% and 11%, respectively.
-
Amica has the cheapest home insurance in Rhode Island and is among the companies that raised rates the least over the past five years.
Between 2021 and 2025, Amica's rates went up by 13%. That's significantly less than the average increase statewide, which was 39% over those five years.
- Water causes the most damage to Rhode Island homes. Most of that is likely caused by pipe leaks, old roofs or overflowing appliances, as Rhode Island hasn't experienced many serious floods in the past few years.
Best home insurance in RI for most people: Amica
| Editor rating | |
| Annual cost | $1,366 |
| Monthly cost | $114 |
| Customer complaints |
Pros & cons
- Cheapest in RI
- Outstanding service
- Lots of discounts
- No local agents
Why is Amica the best?
Amica is the best choice for most Rhode Island homeowners because it combines cheap rates and great customer service.
How much is Amica insurance in Rhode Island?
Dwelling coverage limit | Annual rate | % from state avg. |
|---|---|---|
| $200,000 | $890 | 37% cheaper |
| $350,000 | $1,366 | 35% cheaper |
| $500,000 | $1,738 | 38% cheaper |
| $1 million | $2,839 | 47% cheaper |
In addition, Amica offers lots of discounts to help lower your home insurance bill. You can save up to 30% when you bundle multiple insurance policies with Amica. You can also save by making automatic payments or getting your bills by email.
Rhode Island homeowners can usually count on Amica to get their lives back to normal quickly after a disaster.
- J.D. Power ranked Amica second out of 27 of the largest home insurance companies on its customer satisfaction survey.
- Amica also earned the third-highest score on J.D. Power's claims satisfaction survey.
- Amica gets 63% fewer complaints than an average insurance company its size, according to the NAIC.
That means customers are typically happy with their experience at Amica.
Potential issues
Amica doesn't have local insurance agents in Rhode Island or any other states. So whether you want to get a quote, make a change to your policy or file a claim, you'll have to speak with someone in a call center or use Amica's website or app.
Best for local agents: NLC Insurance
| Editor rating | |
| Annual cost | $1,458 |
| Monthly cost | $121 |
| Customer complaints |
Pros & cons
- Affordable rates
- Helpful local agents
- Very few customer complaints
- Limited discounts
- No online quotes
Why is NLC Insurance the best?
NLC Insurance is the best option if you prefer to have a personal relationship with your insurance agent.
More than 50 independent insurance agencies across Rhode Island sell NLC Insurance, so it's likely there's an agent near you. Local insurance agents understand insurance needs and challenges in your area, which can be especially handy if you live in a high-risk area along the coast.
NLC Insurance also has some of the most affordable home insurance rates in Rhode Island. And it's the cheapest company in 25 cities and towns across the state, including Warwick and Coventry.
How much is NLC Insurance in Rhode Island?
Dwelling coverage limit | Annual rate | % from state avg. |
|---|---|---|
| $200,000 | $947 | 32% cheaper |
| $350,000 | $1,458 | 30% cheaper |
| $500,000 | $1,938 | 31% cheaper |
| $1 million | $3,435 | 36% cheaper |
Potential issues
The biggest downside to NLC Insurance is that you can't get a quote online. To compare rates, you'll have to reach out to an insurance agent. That means it may take longer to buy a policy.
In addition, NLC doesn't offer many discounts to help lower your insurance bill. So, even though it's generally affordable, it's unlikely NLC's home insurance will be cheaper than Amica's for most people.
Best for coastal homes: Allstate
| Editor rating | |
| Annual cost | $1,943 |
| Monthly cost | $162 |
| Customer complaints |
Pros & cons
- Lots of coverage add-ons
- Offers flood insurance
- Numerous discounts
- Not the cheapest option
- Mediocre customer service
Why is Allstate the best?
Allstate is the best choice if you live along the Atlantic Coast or Narragansett Bay because the company offers helpful coverage add-ons for coastal homes.
For example, Allstate offers flood insurance through both the National Flood Insurance Program (NFIP) and its partner, Better Floods. That means Allstate can help you find the best flood coverage for your home.
Buying flood and home insurance from the same company can be beneficial if you ever have to file a claim after a major storm. That's because you'll work with one contact for all of your damage. If you have policies with two separate companies, you could have twice as much work if your home is damaged by both floodwater and wind from the same storm.
Allstate also offers lots of discounts to help make your home insurance more affordable. Some of Allstate's discounts are very easy to get, including its welcome discount for switching from another insurance company and early signing discount for buying a policy at least one week before your current plan ends.
Potential issues
Although Allstate is cheaper than average for many Rhode Island homeowners, it's not the most affordable company in the state.
For example, a home insurance policy with $350,000 of dwelling coverage costs around $1,943 per year at Allstate, which is 7% cheaper than average. But it's also $577 per year more than the same coverage from Amica.
Additionally, Allstate doesn't have the best customer service. Despite getting an average number of customer complaints for its size, Allstate scored poorly on J.D. Power's customer satisfaction and claims satisfaction surveys. That means it may take longer for Allstate to pay your claim if your home is damaged, and you could end up spending more money on repairs.
Best homeowners insurance in RI
Amica is the best-rated home insurance company in Rhode Island.
Amica offers the best combination of excellent customer service, affordable rates and useful coverage options.
Top-rated home insurance in RI
Company |
Rating
|
Complaints
|
|---|---|---|
| Amica | Low | |
| AIG | Low | |
| NLC Insurance | Low | |
| Nationwide | Low | |
| Allstate | Average |
What is the average cost of RI homeowners insurance?
The average cost of home insurance in Rhode Island is $2,096 per year.
That's $299 less per year than the national average, which is $2,395 per year.
Dwelling coverage | Average rate |
|---|---|
| $200,000 | $1,402 |
| $350,000 | $2,096 |
| $500,000 | $2,816 |
| $1 million | $5,371 |
Home insurance rates in Rhode Island are fairly average compared to neighboring states. Homeowners insurance in Massachusetts costs around $1,635 per year, while Connecticut homeowners pay an average of $2,346 per year.
How much is home insurance in Providence, RI?
Homeowners insurance in Providence costs an average of $2,118 per year. That's $22 per year more than the Rhode Island average.
Providence homeowners can find the cheapest insurance at Amica, where a policy costs around $1,409 per year.
Rhode Island homeowners insurance rates by city
Cumberland, a suburban town outside of Providence, has the cheapest home insurance quotes in Rhode Island.
The average cost of home insurance in Cumberland is $1,866 per year, 11% less than the state average.
Block Island is the most expensive place for home insurance in Rhode Island. At an average rate of $2,632 per year, Block Island home insurance costs 26% more than the state average.
Block Island is south of Rhode Island off the eastern tip of Long Island, NY. As an island, it's more prone to damage from tropical storms, hurricanes and nor'easters. That's partially why insurance is more expensive on Block Island than in the rest of the state.
Find Cheap Home Insurance Quotes in Rhode Island
Cheapest home insurance quotes by RI city
City | Average rate | Cheapest company | Cheapest rate |
|---|---|---|---|
| Adamsville | $2,245 | NLC Insurance | $1,268 |
| Albion | $1,910 | Amica | $1,438 |
| Ashaway | $2,047 | Amica | $1,030 |
| Barrington | $1,923 | Amica | $1,154 |
| Block Island | $2,632 | Amica | $1,030 |
Rates are for a policy with $350,000 of dwelling coverage.
What homeowners insurance do I need in Rhode Island?
As a coastal New England state, Rhode Island is at risk of damage from tropical storms and nor’easters.
Water causes the most damage to Rhode Island homes. This can be from weather-related flooding, leaky roofs, burst pipes or overflowing appliances.
Does Rhode Island home insurance cover tropical storms?
Homeowners insurance covers some, but not all, types of tropical storm and hurricane damage.
It typically pays for damage from wind, hail and lightning, but not from floods.
However, coastal homes may have a separate wind or hurricane deductible. This is typically higher than your regular deductible. So be prepared to pay extra if a tropical storm damages your home.
Does Rhode Island homeowners insurance cover water damage?
Homeowners insurance covers some types of water damage, such as burst pipes or roof leaks.
However, you typically have to buy extra coverage to protect against overflowing sump pumps, backed-up sewers or weather-related floods, such as storm surge or rising rainwater.
From 2020 through 2025, the National Flood Insurance Program paid over $17 million to fix flood damage across Rhode Island, with the average claim costing about $57,000.
The majority of claim damage was in Providence County, which had nearly $9.6 million in damage over that period. Providence County is home to about 60% of Rhode Island residents.
Where can Rhode Island homeowners get flood insurance?
Rhode Island homeowners can get flood insurance through the National Flood Insurance Program (NFIP) or a private insurance company.
You can buy a National Flood Insurance Program (NFIP) policy from many home insurance companies, including Amica. The government backs NFIP policies, and they cost the same no matter which company you buy them from. The average cost of an NFIP policy in Rhode Island is $1,094 per year.
You may want to consider private flood insurance if your home would cost more than $250,000 to rebuild, you have valuable belongings or you want a policy that pays your expenses if your home becomes uninhabitable due to flood damage. Allstate and Narragansett Bay both offer private flood insurance options.
Does Rhode Island home insurance cover winter storms?
Rhode Island has winters that bring potentially damaging levels of snowfall and ice. Homeowners insurance usually covers any damage from the weight of falling snow.
However, most insurance companies won’t cover damage caused by lack of maintenance, also called negligence. It’s important to shovel heavy snow off your roof and chip away the ice to help prevent damage to your home.
How to find the best homeowners insurance in Rhode Island
Before you begin shopping for home insurance in Rhode Island, you should understand how much coverage you need. Then, you can compare quotes from multiple companies and read customer service reviews.
Decide how much coverage you need. Most standard home insurance policies include similar coverage. However, some homes may need more protection.
For example, Allstate and Narragansett Bay offer flood protection. This is an important add-on if you live near the coast.
Shop for quotes from multiple companies. The most expensive company in Rhode Island costs twice as much as the cheapest option. That's a difference of over $1,500 per year for a policy with $350,000 of dwelling coverage.
In addition, each insurance company calculates rates differently. Companies consider your insurance history and credit score, your home's location and building materials, and other factors. So the best company for you may differ from your neighbors, family and friends.
Consider customer service ratings. It's important to choose a company you can rely on in an emergency. Companies with excellent service reviews typically get your life back on track quickly after your home is damaged. On the other hand, companies with poor service might take longer to send you a check.
ValuePenguin editor's ratings consider customer service reviews from multiple sources, along with coverage availability and overall value. If you want to do more research, look up J.D. Power customer service scores and the National Association of Insurance Commissioners (NAIC) complaint index.
Change in Rhode Island home insurance cost over time
Home insurance prices are up 39% in Rhode Island over the last five years.
Home insurance rates were much more stable across Rhode Island in 2025, after double-digit increases in 2023 and 2024.
Year | Rate increase |
|---|---|
| 2021 | 2.82% |
| 2022 | 4.57% |
| 2023 | 12.58% |
| 2024 | 11.23% |
| 2025 | 2.93% |
Home insurance rate change data was compiled using RateWatch from S&P Global, which uses information from the National Association of Insurance Commissioners (NAIC).
Travelers and State Farm had the lowest rate increases over the last five years, at 3.6% and 4.9%, respectively. However, State Farm isn't currently selling new home insurance policies in Rhode Island.
Vermont Mutual had the biggest rate increase over this period, at 87.6%. That's more than double the Rhode Island average.
Frequently asked questions
What is the average cost of homeowners insurance in Rhode Island?
The average cost of homeowners insurance in Rhode Island is $2,096 per year, or $175 per month. That’s 12% cheaper than the national annual average of $2,395.
What is the best home insurance in Rhode Island?
Amica has the best home insurance in Rhode Island for most people. It has the cheapest rates in the state, along with excellent customer service reviews.
How much is home insurance in Warwick, RI?
Home insurance in Warwick costs an average of $2,128 per year. That's $32 per year more than the Rhode Island average. Homeowners in Warwick can find the cheapest rates at NLC Insurance, where a policy costs an average of $1,251 per year.
Methodology
To find the best cheap RI insurance company, ValuePenguin collected home insurance quotes for every ZIP code across Rhode Island from the state’s largest home insurance companies. Rates are for a 45-year-old married man with a good credit score and no history of insurance claims. Quotes are for a 1,913 square foot home built 48 years ago, based on the average home age and size in Rhode Island.
Rates include the following coverage limits:
- Dwelling coverage: $200,000, $350,000, $500,000 or $1 million
- Personal liability: $100,000
- Medical payments: $1,000
- Deductible: $1,000
ValuePenguin's analysis used insurance rate data from Quadrant Information Services. These rates were publicly sourced from insurance company filings and should be used for comparative purposes only. Your own quotes may be different.
Our experts ranked each company's customer service scores by comparing the National Association of Insurance Commissioners (NAIC) complaint index, J.D. Power's home insurance customer satisfaction rankings and our ValuePenguin editor's ratings.
About the Author
Senior Writer
Lindsay Bishop is a Senior Writer at ValuePenguin, where she educates readers about home, auto, renters, flood and motorcycle insurance.
Lindsay began her career in the insurance and financial industry in 2010. She was a licensed auto, home, life and health insurance agent and held Series 6 and 63 financial licenses.
After a hiatus from the financial sector, Lindsay returned to the industry as a content writer for ValuePenguin in 2021. She enjoys having the opportunity to help readers make smart decisions about their insurance so they can be prepared for anything life throws their way.
When Lindsay isn't writing about insurance, you can find her spending time with family, enjoying the outdoors on Sunday long runs or riding her Peloton.
How insurance helped Lindsay
As a homeowner for 15 years located in South Carolina, Lindsay has plenty of experience navigating the coastal insurance market and managing the claims process. That includes successfully negotiating a full roof replacement claim.
Expertise
- Home insurance
- Car insurance
- Flood insurance
- Renters insurance
- Motorcycle insurance
Referenced by
- CNBC
- Yahoo Finance
- Miami Herald
Education
- BS/BA Economics, University of Nevada Las Vegas
Editorial Note: The content of this article is based on the author's opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.
