State Farm is the cheapest home insurance option for most homeowners in Rhode Island, with an average monthly savings of $400. Below is a summary of the most affordable providers in the state.
Cheapest Home Insurance in Rhode Island
Updated: May 27, 2025
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Key Takeaways
State Farm, PURE and two other providers offer the lowest-cost home insurance in Rhode Island, with potential savings of up to 81%.
State Farm offers the cheapest homeowners insurance if you own a new home or live in a high-risk fire area, while PURE is best for people with bad credit.
State Farm offers the most affordable home coverage for those in areas prone to fires in the Ocean State.
What is the Cheapest Home Insurance in Cheapest Home Insurance in Rhode Island?
| State Farm | $99 | $1,189 | 33% |
| PURE | $123 | $1,475 | 17% |
| Amica | $127 | $1,521 | 14% |
| AIG Insurance | $136 | $1,637 | 8% |
*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.
THE CHEAPEST COMPANY MAY NOT BE THE BEST FOR YOU
While these companies may offer the lowest rates in Rhode Island, evaluating their customer service reputation and coverage options is important. To help, we’ve created a separate guide to the best home insurance companies in Rhode Island, providing a more comprehensive overview.
Cheapest Rhode Island Home Insurance Rates by Category
While we’ve listed the cheapest options for most homeowners, those rates may not reflect your specific situation. For instance, while State Farm is typically the cheapest overall, it offers the best rates for newer homes. To help, we’ve outlined the cheapest companies on average for common categories.
| State Farm | Older Homes | $99 |
| State Farm | Newer Homes | $54 |
| State Farm | Homes in High Risk Fire Areas | $99 |
| PURE | Bad Credit | $123 |
*Rates are modified based on 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.
Compare Personalized Cheap Rhode Island Home Insurance
The companies listed above typically provide the best rates for their categories, but actual rates vary based on your unique profile. Use the filter below to get a personalized list of the cheapest providers for your situation.
Data filtered by:Results filtered by:
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Coverage Level:$250K Dwelling / $125K Personal Property / $200K Liability
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Deductible:1000
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Claims History:Claim free for 5+ years
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Credit Tier:Good
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Home Age:Older Homes
| State Farm | $99 | $1,189 |
| PURE | $128 | $1,536 |
| Amica | $132 | $1,586 |
| AIG Insurance | $137 | $1,641 |
| Farmers | $145 | $1,741 |
Cheapest Rhode Island Home Insurance By City
Risk factors for insurers vary by location, making some providers more affordable than others. For example, while Farmers is the cheapest in most cities, State Farm offers lower rates in Providence.
| Providence | State Farm | $98 |
*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.
How To Find the Cheapest Rhode Island Home Insurance for You
Finding affordable home insurance in Rhode Island can be challenging, but you can significantly lower your costs with some effort. Below are our core recommendations to help you maximize savings on your policy.
- 1
Determine your coverage needs
It's easy to get oversold on coverage when you don't have limits in mind before buying. Determine your home insurance coverage needs beforehand to avoid purchasing too much. Understanding the different types of home protection available helps ensure you don't miss something important.
- 2
Research home insurance cost information
Research home insurance costs in Rhode Island for your profile and available discounts to understand what qualifies as affordable. When ready to buy, ask agents directly about all discounts you may qualify for, as insurers won't apply them automatically.
- 3
Bundle your policies
Save a significant percent on your home insurance by bundling it with an auto policy in Rhode Island.
- 4
Compare multiple companies apples to apples
To ensure you’re getting a good deal, compare quotes for the same coverage. Once aligned, gather as many quotes as possible using different methods to find the best rate.
- 5
Use state-provided programs
If you have a high-risk profile and face coverage denials or unaffordable rates, Rhode Island offers a state program through the FAIR Plan. This program provides coverage for those denied by traditional insurers, often at a lower cost than insurers willing to approve you.
Cheap Home Insurance Rhode Island: Bottom Line
State Farm, PURE, and Amica 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.
Cheapest Home Insurance Rhode Island: FAQ
Below are answers to common questions about the cheapest home insurance in Rhode Island.
What is the cheapest home insurance company in Rhode Island?
State Farm offers the lowest rates for newer homes in Rhode Island at $54 per month or $650 per year. Homeowners with older properties or higher fire protection needs may find better rates with State Farm or PURE.
How expensive is home insurance in Rhode Island?
Rhode Island has the 16th-highest home insurance rates in the U.S.
How much is home insurance in Rhode Island?
You should ensure your home insurance covers the full replacement cost of your dwelling, aligns with the value of your personal property, and accounts for any specific local risk factors.
While not required by law, without a mortgage, home insurance is important to protect against total loss and covers possessions as well as risks specific to your area and high-value items.
How much home insurance do I need?
You should ensure your home insurance covers the full replacement cost of your dwelling, aligns with the value of your personal property, and accounts for any specific local risk factors.
While not required by law, without a mortgage, home insurance is important to protect against total loss and covers possessions as well as risks specific to your area and high-value items.
How We Found the Cheapest Home Insurance Companies in Rhode Island
To determine the cheapest home insurance companies in Rhode Island, we assumed the following base profile:
- $250K dwelling coverage
- $125K personal property coverage
- $200K liability coverage
- Home built in 2000
- Frame construction
- Composition roof
- $1,000 all perils deductible
- No claims in the past 5+ years
- 3-class fire protection
All other combinations were adjusted based on this profile to provide a more accurate comparison for your specific situation. However, these figures are estimates, and we recommend comparing quotes from multiple providers to secure the best deal.
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!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.