Choosing a home insurance company involves comparing each company's quality of customer service, array of policy offerings and prices. We gathered hundreds of quotes to determine the best homeowners insurance in Rhode Island.
Compare Home Insurance Quotes from Providers in Rhode Island
In Rhode Island, the best price we found for most homeowners was $798 per year. Below is our analysis of the state's top insurers, along with our pick for the best homeowners insurance in Rhode Island.
Cheapest options for homeowners insurance in Rhode Island
The average homeowners insurance cost in Rhode Island is $1,440 per year.
This price is more expensive than the national cost of insurance: $1,083. The price of insurance in the state makes up about 2.2% of its residents' median household income. The cheapest homeowners insurance in Rhode Island comes from Narragansett Bay Insurance Company, and the most expensive policies are sold by Liberty Mutual.
Compare Home Insurance Quotes from Providers in Rhode Island
Best homeowners insurance for most people: Amica
Amica offers Rhode Islanders the best homeowners insurance in the state. The company is known for handling claims quickly and fairly. J.D. Power, a firm that conducts surveys to measure consumer satisfaction, named Amica among the best homeowners insurance companies in the industry by awarding it a 5/5 rating in 2019. Additionally, Amica has a 0.22 score on the National Association of Insurance Commissioners' (NAIC) complaint index, which tracks complaints relative to a company's market share. Both metrics indicate Amica's reputation is deserved.
The average price of homeowners insurance from the insurer is $1,100, which is about $300 less than the typical price of protection in the rest of Rhode Island. Amica's prices mean that more people can realistically afford coverage, or even upgrade a basic policy to better fit their needs. You may also save on your policy by:
- Bundling multiple policies
- Being claim-free for 3 years
- Installing security devices
- Remodeling your home
- Setting up automatic payments
- Receiving electronic bills
Amica's standard coverage resembles the offerings of most other homeowners insurance providers. You can add protection from water or sewer backups and replacement cost coverage. You may also purchase credit card insurance with Amica's Platinum Choice upgrade (a pre-crafted series of endorsements). This coverage insures your card for up to $5,000 if it's stolen and used fraudulently. Amica also offers fraud coverage for up to $15,000 that goes to recovering your stolen identity.
Most affordable homeowners insurance: Narragansett Bay
If you're looking for the most affordable homeowners insurance company in Rhode Island, Narragansett Bay Insurance Company (NBIC) might be the best match for you. The company's typical policy costs an average of $789 per year. This price is about 44% cheaper than the average cost of homeowners insurance in the state.
You may be able to reduce the cost of homeowners insurance from NBIC if you qualify for its relatively conventional discounts. You can save on your policy if you have a new or renovated home, a clean insurance history and by installing security devices in your home.
In addition to having the cheapest insurance in the state, NBIC also has coverage that might fit the needs of a variety of Rhode Islanders. A typical policy grants the same protections that are standard across the industry. You can also upgrade by adding coverages for:
- Water and sewer backups
- Food spoilage
- Identity fraud
- Breakdowns to your home's appliances
- Service line damages
- Flood damage with a private policy
Best for high-value homes: PURE
If you have a high-value home or sizable net worth, homeowners insurance from Privilege Underwriters Reciprocal Exchange (PURE) could be the best coverage for you. The company scores a 0.04 on the NAIC's complaint index, the best score in this survey. The average price of homeowners insurance from this company is about $1,036 per year, which is about $100 cheaper than the state's average.
PURE's homeowners insurance has a couple unique elements. If you suffer a loss, you can elect to receive a cash settlement instead of getting compensated to rebuild your home or replace your damaged property. You also receive replacement cost protection, sewer backup coverage and customizable limits with a standard PURE policy. Additionally, you can elect to upgrade by purchasing coverage for mechanical and electrical breakdowns.
This insurer also has coverage that you can use to supplement a National Flood Insurance Program (NFIP) flood insurance policy. PURE offers you the change to increase the coverage you receive from flood damage. You may upgrade a standard NFIP policy by adding replacement cost coverage and protection to your home basement's contents — protection that isn't included in a standard policy. You may also increase your limit by a total of $650,000 if you want additional coverage.
Best for flood protection: UPC
UPC, or United Property and Casualty Insurance, has the best private flood insurance solutions of the homeowners insurance companies in Rhode Island we surveyed. A policy from UPC offers up to $750,000 of dwelling and $200,000 of property coverage. Alternatively, if your home faces a lower risk of flooding, you can get a package with $300,000 of structure protection and $100,000 of property. You can add up to $5 million dollars of total coverage if you're unsure if your home's protection is sufficient.
Homeowners insurance from UPC may appeal to you even if your home isn't in a place that's at risk of being damaged by floods. We found that the company has an average price of $1,214, which is about $200 cheaper than the price of insurance in Rhode Island. The NAIC's data also shows that policyholders in the state are happy with their coverage, although UPC's national score is negatively affected by complaints from Florida.
Rhode Island's insurance rates: City-by-city breakdowns
We are also able to provide you with the cost of homeowners insurance in each of Rhode Island's cities that have populations of over 10,000 people. The following table shows the costs of coverage in each of the state's largest cities, as well as their difference from the state's average.
Difference from statewide average
Given that Rhode Island is the smallest state in the country, there wasn't much variation in the average home insurance rates we found in each city. This wasn't the case when we looked at how much property insurance premiums vary in the rest of the U.S.
Homeowners insurance companies with the best and worst customer service
To uncover which homeowners insurance company in Rhode Island has the best customer service, we checked each provider's place on the complaint index, which is maintained by the NAIC. Each company's score is found by dividing its share of total complaints by its market share. A score of 1.0 means that a company receives a typical number of complaints for a company its size.
We also checked the scores that J.D. Power awarded each insurer in this study. Companies are judged on their performance and given a score out of 5. The company with the best NAIC score is PURE, while Amica was given the highest marks by J.D. Power.
NAIC Value (lower is better)
JD Power (higher is better)
AM Best (financial stability)
Only companies with 1% market share or greater were included in this analysis. If a company had several underwriters, we combined them into one parent company.
Most common homeowners insurance perils in Rhode Island: Hurricanes and flooding
As a coastal state, Rhode Island can experience damage from Atlantic hurricanes that make landfall in New England. Typically, your homeowners insurance covers wind damage from hurricanes, but flood insurance is excluded from coverage by most insurers. Instead, to receive protection, you can purchase a policy through the National Flood Insurance Program (NFIP). Some of Rhode Island's cities participate in the NFIP's Community Rating System (CRS), a community-based effort to gain discounts on flood insurance for its residents.
If your home is located in these areas, you may qualify for a discount on flood insurance if you purchase it through the NFIP.
- East Providence
- North Kingstown
However, if your insurer offers private flood insurance, it could be a good idea to consider purchasing this coverage instead of buying from the NFIP. Federal policies can be expensive, and private insurers may sell policies that come with better protection.
Rhode Island and winter storms
Rhode Island can experience winters that bring potentially damaging levels of snowfall and wintry accumulation. Fortunately, your homeowners insurance likely covers any breakage that occurs from the weight of falling snow.
However, different insurers can cover damage that results from freezing in variable ways. Before settling on a policy, you should talk to an insurance representative about what perils your policy would protect you from, and to what extent freezing is included in coverage.
For each of the ten companies we examined, we collected quotes from every ZIP code in the state. The sample property we used to generate each quote was built in 1962, which matches with Rhode Island's median building year. We insured our sample property for $257,800, the median value of owner-occupied homes in the state.
We included the following insurers in this study:
- Amica Mutual
- Allstate Vehicle and Property
- Liberty Mutual
- United P&C
- Nationwide Mutual Fire
- Merrimack Mutual Fire by Andover Companies
- Narragansett Bay
- Metropolitan P&C
- AIG Property Casualty
- Privilege Underwriters Reciprocal Exchange
Due to technical restraints, we excluded these companies, which have more than a 1% market share in the state:
- American Family Insurance
- Providence Mutual
- New London County
- Union Mutual
- Vermont Mutual
ValuePenguin's analysis used insurance rate data from Quadrant Information Services. These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes may be different.