Renters Insurance

The Best Cheap Renters Insurance in Rhode Island

The Best Cheap Renters Insurance in Rhode Island

The best renters insurance companies combine affordability with a range of protective policy features and dependable customer service. To help renters in Rhode Island find the right coverage, we collected quotes and compared service quality from providers across the state.

Compare Cheap Renters Insurance in Rhode Island

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The average cost of renters insurance in Rhode Island is $16 per month, or $193 per year.

The cheapest rates we found were for under $13 per month, or $151 per year. Generally, costs are affordable throughout the Ocean State. Below, we reveal the cheapest renters insurance in Rhode Island, along with the state's other top companies.

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Affordability: Assessing the cost of renters insurance in Rhode Island

The average cost of renters insurance in Rhode Island is about $16 per month, or $193 per year. Rhode Island's average prices align with the typical prices nationwide, according to our calculations.

Generally, Amica and Liberty Mutual have the cheapest renters insurance prices in Rhode Island, while Nationwide tends to cost more.

A bar graph showing the average costs of renters insurance in Rhode Island
A bar graph showing the average costs of renters insurance in Rhode Island

Compare Cheap Renters Insurance in Rhode Island

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The price of your renters insurance depends on several factors, which are different for each person. Where you live, the style and material of your home, and the level of protection you select all influence how much you'll be quoted for coverage.

With this in mind, the rates for this study reflect the following coverage limits.

  • Personal property protection: $30,000
  • Personal liability coverage: $100,000
  • Medical payments to others: $1,000
  • Deductible: $500

Your renters insurance rates are also determined by personal information, such as your age, marital status and history of making insurance claims. For this reason, your rates might be different than even someone who lives next door to you. We collected quotes for a 30-year-old unmarried male renter with no history of making claims.


Best renters insurance for most people: Amica

Amica is affordable for many renters and offers a range of useful coverages.
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The good:

  • Cheapest rates in Rhode Island
  • Practical extra policy features

The bad:

  • Not rated by J.D. Power

Amica is the best renters insurance in Rhode Island. On average, Amica's prices are the cheapest in the state at under $13 per month, or $151 per year. This makes Amica more than 22% more affordable than the typical cost of coverage in Rhode Island. Additionally, Amica offers a range of discounts that could enable you to save even more money on your premium.

Standard policies with Amica come with personal property protection and coverage for liability if you're the subject of a lawsuit. But Amica also offers a range of useful extras, or endorsements, to expand your coverage level. These include:

  • Extended electronics protection against surges, heat and water damage
  • Water backup protection for backed-up drains and sump pumps
  • Identity theft protection worth up to $15,000
  • Replacement coverage for your stolen or damaged property

The customer service offered by Amica is generally well-regarded by its policyholders, according to data from the National Association of Insurance Commissioners (NAIC). Amica receives far fewer complaints for its service compared to its size. Additionally, its credit rating by A.M. Best signals a strong ability to pay its claims.

Best renters insurance for young people: Liberty Mutual

Liberty Mutual offers low prices and coverage limits to customers with fewer assets.
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The good:

  • Lowest minimum coverage limits
  • Affordable renters insurance prices

The bad:

  • Average customer service

Liberty Mutual has the best coverage options for younger renters or other people who own fewer possessions. The insurer gives you the ability to purchase coverage for property worth as little as $5,000. Typically, other companies require policyholders to purchase at least $10,000.

The cost of Liberty Mutual renters insurance is affordable compared to other insurers in Rhode Island. Liberty Mutual costs about $14 per month, or $167 per year. This was the second-cheapest option we found, and it's around 13% cheaper than the average cost of coverage throughout the state.

Renters who prioritize customer service when shopping for coverage might consider another insurer before Liberty Mutual. The NAIC shows that Liberty Mutual receives fewer complaints for its size, but the ratio was the highest among the companies we surveyed. Additionally, J.D. Power rated its service 11th among its other national competitors.

Best renters insurance for discounts: Allstate

Allstate's prices align with Rhode Island's average, but policyholders could save money with the insurer's discounts.
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The good:

  • Many ways to save money on coverage
  • Few complaints for the insurer's market share

The bad:

  • Average prices without discounts

Allstate's large number of discounts mean that for many renters, it may end up offering the cheapest coverage in Rhode Island. Senior renters who are at least 55 years old and retired could save up to 25% on their premiums. Other renters could save, too. You could lower your prices with Allstate by remaining claims-free or by simply electing to make automatic payments.

Data from the NAIC shows that the customer service at Allstate is fairly well-received by its policyholders. It receives fewer than half of the complaints expected for its size. Allstate was also ranked sixth for its service, prices and offerings by J.D. Power — but it still scored below the national average for performance quantified by J.D. Power's study.

Without discounts, Allstate costs about as much as Rhode Island's statewide average. Renters insurance with Allstate costs about $17 per month, or $198 per year. While it's only 3% more expensive than Rhode Island's average, other cheaper options could make renters who are ineligible for discounts reconsider Allstate.

How we chose the best renters insurance in RI

We judged the best renters insurance in Rhode Island by how each provider measured in three areas:

  • Affordability: The price an insurer was likely to charge its policyholders for coverage.
  • Policy features: The quality and availability of standard and extra protections.
  • Customer service: The reputation of an insurer's claims service and consumer interactions.

Rhode Island renters insurance rates: City-by-city breakdowns

While obtaining quotes from across Rhode Island, we were able to break down the cost of coverage in Rhode Island's major cities. The table below displays the typical cost of renters insurance in each city, along with its difference from the state's overall average.

The cheapest city in Rhode Island for renters insurance is Tiverton, while Newport is often the most expensive.

Monthly cost
Annual cost
Difference from statewide average
Central Falls$16$1962%
East Providence$18$21411%

Policy features: Comparing coverage benefits

The following table communicates the coverages offered by each insurer we surveyed. These protections are offered as supplements to standard renters insurance plans, which cover personal property coverage, liability claims and expenses if you're forced to leave your home.

Personal property coverage
Personal liability
Water-backup coverage
Identity theft protection
Replacement-cost coverage
Valuables plus
Amica$12,000 – more than $100,000$25,000 – $1 million-XXXX
Nationwide$15,000 – more than $100,000$100,000 – $1 million-XXXX
Liberty Mutual$5,000 – $25,000$100,000 – $1 millionX-XXX
Allstate$15,000 – more than $100,000$100,000 – $500,000--X--

Adding endorsements means that your premium will increase. However, it can be a good idea to raise your coverage levels as your needs evolve. Because renters insurance isn't mandatory under any state's laws, you should focus on finding the company that offers the best value for you, rather than simply looking for a way to satisfy a requirement.

Customer service: Which insurers are the most dependable?

To determine which of Rhode Island's renters insurance companies has the best reputation for customer service, we consulted three measurements:

  • NAIC Complaint Index: The number of complaints a company receives compared to its market share, or size. A Complaint Index over 1.00 means a company received more complaints than expected. These complaints may be due to service quality or dissatisfaction over claims settlements.
  • J.D. Power Homeowners Insurance Study - Renters Insurance: J.D. Power rated some of the nation's largest renters insurance companies according to feedback it received from policyholders. The insurers were ranked according to a composite overall satisfaction rating. J.D. Power represents its orderings on a five-point scale.
  • A.M. Best's Financial Strength Ratings: A company's credit rating signifies its ability to meet its financial obligations, including paying claims, during economic contractions. A.M. Best's ratings are especially useful for picking out risky companies, as many insurers have high marks.
The renters insurance companies we surveyed are displayed in the following table, along with their scores for each of these measurements:
NAIC Complaint Index
J.D. Power score
A.M. Best Financial Strength Rating
Amica0.22Not ratedA+
Liberty Mutual0.652/5A


We collected 125 rates from across Rhode Island to find the best renters insurance in the state. Our rates reflect coverage levels of $30,000 for personal property protection, $100,000 of liability coverage and $1,000 for medical payments to others. Additionally, the rates we found were for a 30-year-old unmarried male renter with no history of making insurance claims.

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.