Renters Insurance

The Best Cheap Renters Insurance in Rhode Island

The Best Cheap Renters Insurance in Rhode Island

The best cheap renters insurance in Rhode Island is Lemonade, which has average rates of $6 per month, or $78 per year.

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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 more than 100 quotes and compared service quality from providers across the state.

Cheapest renters insurance in Rhode Island

Lemonade has the cheapest renters insurance prices in Rhode Island, with an average rate of $78 per year.

That is considerably cheaper than the state average rate of $18 per month, or $221 per year. Rhode Island's average prices are slightly more expensive than the typical price nationwide.

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

Travelers has the most expensive renters insurance rates in the state, an average of $39 per month. That's six times more expensive than the cheapest option and emphasizes the importance of looking at multiple companies.

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Best renters insurance for most people: Lemonade

Lemonade is extremely affordable and offers a speedy online experience.
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The good:

  • Cheapest rates in Rhode Island
  • Fast, convenient online experience

The bad:

  • No in-person service
  • Limited extra coverage options

Lemonade is the best renters insurance in Rhode Island. On average, Lemonade's prices are the cheapest in the state at $6 per month, or $78 per year. This makes Lemonade more than 65% cheaper than the typical cost of coverage in Rhode Island. Additionally, Lemonade offers a range of discounts that could enable you to save even more money.

The company also has well-rated, speedy service and claims. It had the top spot among widely available insurers in the J.D. Power annual claims satisfaction survey and has a good online interface that allows you to quickly file a claim or purchase a policy. One drawback is because Lemonade does not have any offices, you won't be able to work with an agent in person.

Standard policies with Lemonade come with personal property protection and coverage for liability if you're the subject of a lawsuit. But Lemonade does not have as many useful extras, or endorsements, as some top competitors. The company offers replacement cost and equipment breakdown coverage , but not water backup protection or identity theft protection.

Best renters insurance for complete coverage: Nationwide

Nationwide has a wide range of coverage options and below-average rates.
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The good:

  • Wide range of coverage options
  • Affordable rates

The bad:

  • Mixed customer service

Nationwide has the best coverage options for renters who want to increase the protection offered by their policy. The insurer gives you the ability to add a wider range of coverage types and still has comparatively affordable rates.

The average rate for a Nationwide policy in Rhode Island is $191 per year. That's $30 per year cheaper than the state average and considerably cheaper than Travelers, another company with a wide range of coverage options.

Nationwide gives you the chance to secure flood coverage and water backup coverage, which could prove valuable in a coastal state like Rhode Island, in addition to a few other options.

Identity theft protection Replacement cost coverage Valuable items coverage Extended liability coverage Earthquake coverage

Nationwide's customer service has mixed reviews. The company receives few complaints according to the National Association of Insurance Commissioners (NAIC), indicating its customers are satisfied with their service. However, it received a below-average score in the J.D. Power customer satisfaction ranking.

Best renters insurance for customer service: Amica

Amica offers top-notch customer service and is affordable for many renters.
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The good:

  • Strong customer service
  • Cheaper-than-average rates

The bad:

  • No local agencies
  • Limited coverage options

Amica offers top-rated customer service for Rhode Island renters. That matters when you need to make a claim, as good service can make your life easier and return things in your home to normal more quickly.

Amica receives an extremely low rate of complaints from customers: 12% of what's expected for an average company Amica's size, according to the NAIC. The company also has a strong all-around rating from ValuePenguin's editors.

The company's rates, $13 per month, are 29% cheaper than the state average. The biggest downside for the company is you won't be able to work with an agent in person. Customers also cannot get water backup coverage, equipment breakdown protection or earthquake coverage.

Rhode Island renters insurance rates: City by city

The cheapest major city in Rhode Island for renters insurance is Newport, with rates 34% cheaper than average.

South Kingstown had the state's highest rates. Providence, the state's largest city, has an average rate of $228 per year, 14% more than average.

Average annual cost
Difference from state average (%)
Central Falls$2136%
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Customer service: Top companies in Rhode island

Amica and USAA offer the best customer service in Rhode Island based on ValuePenguin's multifactor formula.

Both companies have a low rate of complaints according to the NAIC and have high ValuePenguin editors ratings. USAA also has the top score in J.D. Power's annual survey of customer satisfaction for renters insurance, but the company only offers policies to military members, some military family members and veterans.

Best rated



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.

We collected more than 100 quotes from across Rhode Island to find the cheapest renters insurance in the state. 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 25-year-old unmarried male renter with no history of making insurance claims.

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.
  • ValuePenguin editor's ratings: ValuePenguin's staff analyzes and rates each company based on coverage options, customer service and rates to give an all-around picture of the company protecting what's important to you.

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.