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Rhode Island

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Personal Property


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These are annual estimates. Get a personalized quote to determine your costs.

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There’s a lot of work involved in buying homeowners insurance. MoneyGeeek gathered and compared quotes from several providers to help homeowners in Rhode Island find the most suitable homeowners insurance.

We compared prices based on affordability to find the cheapest homeowners insurance in Rhode Island and reviewed their customer service rating, which helped us identify the best homeowners insurance in Rhode Island.

How to Estimate the Cost of Your Homeowners Insurance Policy in Rhode Island

MoneyGeek’s homeowner insurance calculator for Rhode Island estimates premiums based on your chosen dwelling coverage, deductible, credit score and other personal factors. Simply input these details to get a personalized quote.

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    Rhode Island

    Homeowners insurance costs vary based on location. Premiums are likely higher in states at risk of high theft rates, natural disasters and fires.

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    Dwelling Coverage

    In Rhode Island, the baseline coverage is $250,000, which means your premium can cost around $1,321 yearly. As determined by an appraiser, your dwelling coverage should be enough to cover the cost of rebuilding your home in case of a disaster.

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    Choosing a deductible depends on how much you can afford to pay each month and how much you are willing to pay every time you file a claim. The higher the deductible, the less you’ll pay in monthly premiums, but consider whether the amount paid out of pocket before insurance kicks in is feasible for your budget.

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    Liability coverage, typically included in a homeowners insurance policy, covers damages and injuries on your property. You want to ensure you have enough coverage for protection against replacement costs, medical bills and legal fees.

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    Personal Property

    Personal property coverage protects your belongings like furniture, electronics, clothing, etc. Make sure to declare these items to ensure proper coverage.

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    Credit Score

    Insurance providers assess your likelihood of filing more claims by looking at your credit score. Homeowners with bad credit are more likely to find expensive homeowners insurance rates.


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Insurance Rates


Average Cost of Home Insurance in Rhode Island

In Rhode Island, the average insurance cost for a $250,000 dwelling coverage is $1,511 per year. This is estimated to be 37% cheaper than the national average of $2,417 per year.

For a lower dwelling coverage, residents can expect a cheaper monthly premium. Evaluate possible premiums based on varying coverage levels.

Average Annual Premium in Rhode Island for Homeowners Insurance
Dwelling Coverage Amount
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Before buying homeowners insurance, you want to know exactly how much dwelling coverage you need. Think about the amount it will cost to repair or reconstruct your home in case of a total loss.

Calculating the potential cost to rebuild a home involves an appraiser who will assess your property based on height, footage, building materials and others.

Keep in mind that the dwelling coverage amount is different from your personal property coverage, which will cover the contents of your home like furniture, electronics, clothing, etc.

Frequently Asked Questions About Home Insurance in Rhode Island

Take a look at the following frequently asked questions about homeowners insurance in Rhode Island.


To determine the average cost of homeowners insurance in Rhode Island, MoneyGeek sourced pricing data from Quadrant Information Services.

MoneyGeek chose a standard home profile to provide the most reliable and relevant data for developing a thorough analysis of homeowners insurance.

This standard home profile consists of the following attributes:

  • Construction year: 2000
  • Construction type: Frame
  • Composition roof
  • Three-mile radius from the fire department
  • The assumed value of other structures on the property: 10% of the dwelling coverage
  • Personal property coverage: 40% of the dwelling coverage
  • Liability limit: $100,000
  • Deductible: $1,000

About Mark Fitzpatrick

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Mark Fitzpatrick is a senior content director at MoneyGeek with over five years of experience analyzing the insurance market, conducting original research and creating content that can be personalized for every buyer. He has been quoted on insurance topics in several publications, including CNBC, NBC News and Mashable.

Mark earned a master’s degree in Economics and International Relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his economics and insurance knowledge to bring transparency around financial topics and help others feel confident in their money moves.