Cheapest Home Insurance in Rhode Island

State Farm is the cheapest home insurance option for most homeowners in Rhode Island, with an average monthly savings of $400. Check the summary of the state's most affordable providers below.

*These rates reflect a house built in 2000 with a $1,000 deductible, $250,000 in dwelling coverage, $125,000 in personal property coverage, $200,000 in liability coverage and class 3 fire protection. The insured is assumed to have good credit and no claims in the past five years.

State Farm offers the cheapest overall rates and the best rates for newer homes in Rhode Island, but your specific situation affects pricing. We've outlined the most affordable companies for common categories below.

*We modified rates using our methodology’s base profile. Newer home estimates are based on a home built in 2023, high-risk fire estimates are for a policy with 8-class fire protection, and bad credit rates assume a poor credit score on the FICO scale.

The companies listed above provide the best rates for their categories, but actual rates vary based on your profile. Use the filter below to get a personalized list of the cheapest providers.

Risk factors for insurers vary by location, making some providers more affordable than others. For example, Farmers is cheapest in most cities; State Farm offers lower rates in Providence.

*These rates are based on a house built in 2000 with a $1,000 deductible, $250,000 in dwelling coverage, $125,000 in personal property coverage, $200,000 in liability coverage and class 3 fire protection. The insured is assumed to have good credit and no claims in the past five years.

Lower your home insurance costs by following these recommendations.

State Farm, PURE, Amica and AIG offer Rhode Island's most affordable home insurance, with policies starting at $99, $123 and $127 monthly.

Denied coverage? State programs may help with low-cost alternatives. Always compare multiple providers, research costs and understand your coverage needs before choosing.

Common questions about Rhode Island's cheapest home insurance options:

Rhode Island homeowners face challenges when shopping for home insurance. The state's coastal location and older housing stock mean finding affordable coverage requires careful comparison. We analyzed rates from major insurers to identify which companies offer the lowest premiums without sacrificing financial protection.

We gathered quotes based on a standard Rhode Island homeowner profile to make fair comparisons across companies. This profile represents a typical single-family home in the state:

Coverage Amounts

• $250,000 dwelling coverage: Reflects median home values in Rhode Island cities like Providence, Warwick and Cranston
• $125,000 personal property coverage: Standard 50% of dwelling coverage to replace belongings after theft or damage
• $200,000 liability coverage: Protects your assets if someone gets injured on your property

Home Characteristics

• Built in 2000: Represents homes newer than Rhode Island's average housing age
• Frame construction with composition roof: Most common building materials in the state
• 3-class fire protection: Available in most Rhode Island communities with professional fire departments
• $1,000 all perils deductible: Balances affordable premiums with manageable out-of-pocket costs
• No claims in past 5+ years: Clean claims history for baseline rates

We adjusted this profile across different scenarios (older homes, higher coverage limits, varied deductibles) to show how rates change based on your specific situation. Your actual rate depends on your home's age, location, claims history and chosen coverage limits.

These figures provide accurate estimates for comparison, but your final premium will reflect your unique property and coverage needs. Get quotes from multiple insurers to find the best rate for your home.