Who Has The Cheapest Renters Insurance Quotes in Rhode Island?

To find the cheapest and most expensive renters insurance companies in Rhode Island, we evaluated quotes for a sample property (a rental property with roughly 1,000 square feet of living space and $100,000 in liability coverage). The results showed that the most expensive city's rates were 8% higher than the cheapest renters insurance in Rhode Island. Read more below, or enter your zip code above to begin searching for renters insurance quotes. 

Cheapest Renters Insurance in Rhode Island

We conducted a study to find the most affordable renters insurance carrier in Rhode Island. Using quotes for a 1,000 square-foot residence from major insurance providers, we found that Amica offered the cheapest average annual rate at $173. This rate is 36% below the average rate in Rhode Island. The following table lists the five major companies from cheapest to most expensive:

RankCheapest Renters Insurance CompanyAverage Annual Rates
1 Amica $173
2 Allstate 245
3 Liberty Mutual 264
4 GEICO 331
5 Nationwide 332
Average 269

The above rates were for a profiled property. To determine the best insurance company for yourself, we recommend searching for quotes from multiple companies and comparing them. 

Best Renters Insurance Rates in Rhode Island: by City

Since Rhode Island is so small, none of the cheapest places (or the most expensive) are very far from one another and the range of premiums is not wide. Geography and weather-related perils are major factors in determine rates and, generally, those things affect Rhode Island as a whole. As a result, the seven best places for renters insurance in Rhode Island is Barrington all have rates 3.05% lower than the state average. 

RankCitiesAverage Annual Rate% Difference vs State Average
1 Barrington $261 -3.05%
2 Bristol 261 -3.05%
3 Jamestown 261 -3.05%
4 Newport 261 -3.05%
5 Portsmouth 261 -3.05%

*The Average Annual Rate is rounded to the nearest whole dollar amount.

Barrington, RI

The area occupied by present day Barrington was originally part of a grant by the King of England to members of the Mayflower party. Their journey, commonly taught to schoolchildren, is still visible today through parts of Barrington with same such as Prince's Hill. The town was originally part of Swansea, Massachusetts but residents petitioned to separate from Swansea and in 1717 it became an independent town. Movie and television actor Logan Marshall-Green is from Barrington. Renters insurance premiums in Barrington are 3.05% lower than the state average. 

Bristol, RI

The town, which was named after Bristol, England, was permanently settled in 1680 and later sold to four Boston investors. It wasn’t until 1747 that it was ceded to Rhode Island. The town was bombarded twice by the British Navy during the American Revolutionary War but is a peaceful place today, known for its deepwater seaport, ship building and tourism. It also has some of the best renters insurance rates in Rhode Island, with premiums 3.05% lower than the state average.

Jamestown, RI

Formerly known as Conanicut Island, Jamestown was inhabited by the Narragansett Indians, who used the island as a sacred burial ground. It was later named in honor of James, Duke of York, who went on to become King James II in 1685. The Newport Bridge connect the island to Newport, Rhode Island. Jamestown’s more than 5,400 residents have some of the cheapest renters insurance. Quotes for the island were 3.05% lower than the average for the state.

Newport, RI

What was once the most important port of Rhode Island in the colonial period is now a popular enclave for tourists and home to the Naval War College. The city's first newspaper was published in 1732 and known as the "Rhode Island Gazette" and it has more colonial buildings still standing than any other city. Renters insurance rates are 3.05% lower than the state average. 

Portsmouth, RI

A group of religious dissenters from the Boston Colony founded Portsmouth in 1638. The town of more than 17,000 residents includes the smaller islands of Prudence Island, Patience Island, Hope Island and Hog Island. A business park in Portsmouth is home to a branch of the major defense contractor Raytheon and its Integrated Defense Systems department. Renters insurance quotes in Portsmouth also are 3.05% lower than the state average.

Most Expensive Renters Insurance in Rhode Island

Like the cheapest places in Rhode Island, the places with the most expensive renters insurance premiums are relatively close to one another, contained within the geography of the nation's smallest state. While Providence is the single most expensive city, with premiums 5.06% higher than the state average, rates for the others are not far behind. Keeping some perspective is also important - since the range between the cheapest and most expensive renters insurance premiums is much wider in other states.

RankCitiesAverage Annual Rate% Difference vs State Average
1 Providence $283 5.06%
2 Greenville 279 3.76%
3 Pascoag 279 3.60%
4 South Kingstown 278 3.20%
5 Central Falls 275 2.37%

*The Average Annual Rate is rounded to the nearest whole dollar amount.

Providence, RI

The capital and most populous city of Rhode Island also has the most expensive renters insurance rates. A variety of industries make up the local economy. Brown University, the prestigious Ivy League school, is in Providence and is the city’s largest employer. Premiums for renters insurance are 5.06% higher in Providence compared to the state average.

Greenville, RI

Greenville is a U.S. Census designated place with a population of more than 8,600 residents. It is named after Revolutionary War general Nathanael Greene and there are many apple orchards in the area. Renters insurance rates in Greenville are 3.76% higher than the state average. 

Pascoag, RI

Pascoag is a census designated place in Providence County. It is adjacent to the Pascoag River and and have a population of about 4,500 residents. It’s also where horror author H. P. Lovecraft set part of his story "The Horror at Red Hook." Renters insurance premiums in Pascoag are 3.60% higher than the average in the state. 

South Kingstown, RI

South Kingstown was established in 1657 and the town has a number of National Historic Places such as Dewey Cottage, Kingston Village Historic District, Washington County Courthouse and the Silas Mumford Site. Today, South Kingstown is known for it’s art galleries and theaters. It also has expensive renters insurance. Quotes for the study sample property were 3.20% higher than the state average. 

Central Falls, RI

The Nipmuc, Narragansett and Wampanoag native americans were the only people to inhabit the area now known as Central Falls prior to the 18th century. Later, early settlers brought significant industrial growth, capitalizing on the Blackstone River as a power source. Central Falls was one of the largest manufacturers of firearms in the Revolutionary and Civil Wars. It didn't become a city until 1985 and today there are more than 19,000 residents. Tony Award-winning actress Viola Davis grew up in Central Falls. Renters insurance rates in Central Falls are some of the most expensive in the state. Premiums are 2.37% higher than the state average.

Average Cost of Renters Insurance in Rhode Island: by City

Our comparative study of renters insurance premiums in Rhode Island was done by gathering and analyzing quotes from five major carriers across 26 cities in the state. The analysis showed premiums from the most expensive place were 8% higher than the cheapest place in the state. That difference between the cheapest and the most expensive premiums is far from dramatic in comparison to other states. For example, the most expensive city in Delaware is only 7% more expensive that the cheapest, while the difference in the state of Texas is 74%. In California, the rates in the most expensive place are more than 2x the rates in the cheapest.

Study Methodology

Our study examined renters insurance quotes for a 1,000-square-foot residence with at least $25,000 in personal property coverage and $100,000 in liability coverage. We then collected quotes for that sample residence from five of the major carriers that offer a renters insurance product in the state of Rhode Island. We averaged rates for the sample home in each city as a benchmark to show which cities are relatively cheaper or more expensive. Those comparative values are not indicative of what tenants can expect to pay for an annual renters insurance premium. Below, we've listed all of the places included in the study alphabetically:

RankCitiesAverage Annual Rate% Difference vs State Average
1 Barrington $261 -3.05%
2 Bristol 261 -3.05%
22 Central Falls 275 2.37%
18 Cranston 274 1.93%
17 Cumberland 274 1.78%
21 Cumberland Hill 275 2.30%
8 East Greenwich 263 -2.23%
14 East Providence 272 1.14%
25 Greenville 279 3.76%
3 Jamestown 261 -3.05%
13 Kingston 268 -0.26%
12 Narragansett 267 -0.82%
4 Newport 261 -3.05%
9 North Kingstown 263 -2.23%
19 North Providence 275 2.14%
24 Pascoag 279 3.60%
15 Pawtucket 274 1.68%
5 Portsmouth 261 -3.05%
26 Providence 283 5.06%
23 South Kingstown 278 3.20%
6 Tiverton 261 -3.05%
7 Warren 261 -3.05%
10 Warwick 263 -2.23%
16 West Warwick 274 1.69%
11 Westerly 263 -2.23%
20 Woonsocket 275 2.29%

*The Average Annual Rate is rounded to the nearest whole dollar amount.

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