Updated: October 24, 2025
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Rhode Island homeowners pay an average of $1,650 annually for home insurance in 2024, $773 below the national average of $2,423.
Your credit rating has a major impact on homeowners insurance premiums in Rhode Island. Annual premiums range from $1,362 for excellent credit to $3,061 for poor credit, a $1,699 difference. If your rates recently increased, our analysis of the state's cheapest plans can help you find affordable options.
MoneyGeek’s home insurance calculator will give you a ballpark estimate of your cost — It's free to use, requires no personal information and we won't send you any spam.
Rates updated:
Dec 04, 2025
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Table of Contents
To establish the average cost of homeowners insurance in Rhode Island, MoneyGeek used quotes from various providers for a profile that reflects the average homeowner.
These rates reflect the average cost of home insurance in Rhode Island as of 2024.
In Rhode Island, the average annual premium for homeowners insurance with $250,000 in dwelling coverage, $125,000 in personal property coverage, and $200,000 in liability coverage is $1,650, which is lower than the national average of $2,423.
Choosing how much coverage you need is important to make sure your home and belongings are fully protected in case of a total loss.
For example, a policy with $100,000 in dwelling coverage costs around $937 per year, while a policy with $500,000 in coverage averages $2,943 annually.
| $100K Dwelling / $50K Personal Property / $100K Liability | $937 |
| $250K Dwelling / $125K Personal Property / $200K Liability | $1,650 |
| $500K Dwelling / $250K Personal Property / $300K Liability | $2,943 |
| $750K Dwelling / $375K Personal Property / $500K Liability | $4,345 |
Home insurance premiums in Rhode Island vary widely across providers for comparable coverage. State Farm's average annual premium of $1,188 costs $1,386 less than Allstate's $2,574 for the same coverage level.
Underwriting differences create this premium range, making comparison shopping valuable when searching for Rhode Island's best homeowners insurance.
| State Farm | $1,188 |
| PURE | $1,402 |
| Nationwide | $1,443 |
| Farmers | $1,528 |
| AIG Insurance | $1,533 |
| Amica | $1,706 |
| The Andover Companies | $1,830 |
| Allstate | $2,574 |
In Rhode Island, homeowners with poor credit pay an average of $3,061 per year for insurance, which is $1,411 higher than the state average. Those with excellent credit pay around $1,362 annually, showing how much credit scores can affect insurance costs.
While improving your credit score takes time, you can still take steps right away to lower your premiums. Comparing providers is a great way to find better rates for your situation.
You can start by checking which insurers offer the best rates for homeowners in Rhode Island it only takes a few minutes and could help you save even before your credit improves.
| Poor | $3,061 |
| Below Fair | $2,392 |
| Fair | $1,966 |
| Good | $1,650 |
| Excellent | $1,362 |
Roofing materials affect homeowners insurance costs, though they aren't the primary factor. Rhode Island homes with tile roofs often have lower premiums due to their durability and damage resistance. Shake-treated roofs are more vulnerable to elements and carry higher premiums.
Construction materials also influence premiums. Homes built with durable, weather-resistant materials often qualify for lower rates than standard frame homes in Rhode Island.
Use the drop-downs in the table below to see how premiums change based on your home's materials.
| $100K Dwelling / $50K Personal Property / $100K Liability | $937 |
| $250K Dwelling / $125K Personal Property / $200K Liability | $1,650 |
| $500K Dwelling / $250K Personal Property / $300K Liability | $2,943 |
| $750K Dwelling / $375K Personal Property / $500K Liability | $4,345 |
| $1M Dwelling / $500K Personal Property / $1M Liability | $5,722 |
New homes in Rhode Island cost an average of $1,053 to insure annually — $597 less than the $1,650 average for older homes. Modern materials and current building code compliance reduce premiums. The table below shows cost differences for new versus existing homes at various coverage levels.
| Existing Construction (2000) | $1,650 |
| New Construction (2023) | $1,053 |
Rhode Island homeowners with no claims in the past five years pay an average of $1,650 annually. One claim in five years raises the average to $2,054. Two claims increase it to $2,459.
| Claim free for 5+ years | $1,650 |
| 1 claim in past 5 years | $2,054 |
| 2 claims in past 5 years | $2,459 |
In Rhode Island, flooding and ice storms are the most common natural disasters that homeowners may encounter. While homeowners insurance generally covers damage from ice storms, it usually does not include financial protection against floods.
Shopping for home insurance in Rhode Island can be a smooth process, and finding a great deal is within reach if you understand the factors that affect your premium. Here's how to find the best deal for you.
Ask providers about the discounts they offer. Many insurers are willing to reduce your insurance costs for installing safety systems in your home.
Pick insurers with good service and fair claims.
For potential savings, look into the possibility of bundling your home and auto insurance.
Rhode Island homeowners can save an average of 10% by bundling home and auto insurance — up to $846 annually. For maximum multipolicy bundle savings, explore the best home and auto bundles in Rhode Island.
Rhode Island homeowners can get insurance discounts through several means.
To maximize savings, ask about available discounts when requesting a quote.
State Farm is the cheapest provider in Rhode Island, with premiums as low as $1,188. For more options, explore cheap national providers.
Homeowners insurance often covers hail, windstorms, wildfire and volcanic eruptions but doesn't cover flooding. You'll need separate flood insurance through the National Flood Insurance Program, a private insurer or as an endorsement from some home insurers.
Credit rating is a major factor that impacts the price of home insurance in Rhode Island, with premiums ranging from $1,362 to $3,061 for excellent and poor credit scores, respectively.
Bundling your home and auto insurance can save you an average of 10% in Rhode Island. This translates to up to $846 yearly savings.
Whether you’re a new homeowner, planning to switch policies, or just want to learn more, the list below provides helpful tools and information about insurance options, state rules and other key resources.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
He writes about economics and insurance, breaking down complex topics so people know what they're buying.
