Best Life Insurance Companies in Rhode Island (June 2025)


Enter your ZIP code to get started

Shield

Free. Simple. Secure.

Key Takeaways

blueCheck icon

Though life insurance costs don’t vary by location, the best choices for coverage in Rhode Island are GEICO, Haven, Nationwide, Mutual of Omaha, and Protective.

blueCheck icon

GEICO delivers the cheapest life insurance options in Rhode Island and nationwide, with monthly rates beginning at $2.

blueCheck icon

To get the best life insurance in Rhode Island, we recommend deciding on coverage beforehand, researching costs and companies, and comparing plenty of providers.

Best Life Insurance Providers in Rhode Island

Overall, GEICO offers the best life insurance in Rhode Island and across the country, earning a MoneyGeek score of 98 out of 100 for customer service, affordability, and coverage options. We also recommend Haven, Nationwide, Mutual of Omaha, and Protective as affordable alternatives.

GEICO98$2
Haven97$3
Nationwide97$2
Mutual of Omaha96$2
Protective95$2

*Rates presented are for coverage levels between $250-$500K for a 20 year term life insurance plan for a 40-year-old man in good health who does not smoke.

Best Life Insurance in Rhode Island by Category

Although the top life insurance company in Rhode Island is a strong choice for most residents, your ideal match might differ based on your personal profile. Below, we’ve broken down the best options for various types of buyers.

Young AdultsProgressive$2
SeniorsGEICO$21
SmokersProgressive$10
High CoverageFarmers$17

Compare Personalized Best Rhode Island Life Insurance Picks

To help you find life insurance that fits your needs, we've included a filterable table below, making it easy to see options tailored to your profile.

Data filtered by:Results filtered by:
Select
Age:41-50
Select
Gender:M
Select
Coverage Level:250k-500k
Select
Term:10
Select
Health Level:Excellent
GEICO98$4
Nationwide97$5
Haven97$9
Mutual of Omaha96$4
Protective95$7
Prudential94$5
AAA92$5
Allstate92$6
Transamerica90$4

Rates in this table differ from the main comparison due to the broader age range (41 to 50 vs. 40) and flexible term selection rather than a fixed 20-year term.

How to Find the Best Life Insurance in Rhode Island

Below, we've outlined some practical tips to help you find the ideal life insurance in Rhode Island.

  1. 1

    Decide coverage beforehand

    Determining how much life insurance you need is essential before purchasing. This preparation ensures you can compare prices fairly and prevents being oversold by agents.

  2. 2

    Research costs for your profile

    Investigate average life insurance costs tailored to your coverage needs and personal circumstances. This research helps confirm if a deal is competitive.

  3. 3

    Compare company reputations

    While rates don't usually vary by state, knowing a company’s local reputation aids in finding a suitable provider. Use resources like J.D. Power, online forums, and independent agents to evaluate providers.

  4. 4

    Compare quotes through multiple avenues

    Comparing life insurance quotes from various companies ensures you get the best value. Pricing can differ based on whether you use an independent agent, an online source, or a captive provider agent.

Best Life Insurance in Rhode Island: Bottom Line

In Rhode Island, the top three life insurance companies, according to MoneyGeek's analysis, are GEICO, Haven and Nationwide. You should also assess your personal coverage needs and compare quotes to secure the most affordable and suitable life insurance policy.

Rhode Island Life Insurance: FAQ

Explore expert answers to your common life insurance questions in Rhode Island.

What is the best life insurance in Rhode Island?

How do you get the best life insurance in Rhode Island?

Do life insurance rates differ by state?

How We Decided the Best Life Insurance in Rhode Island

MoneyGeek created a scoring system to compare life insurance companies across five categories and ranked them based on their scores. We selected companies to review based on their broad national coverage and ability to provide an online quote.

MoneyGeek's Scoring System

In our unique scoring system, companies can earn up to five points in each of five categories. We then use these category scores to calculate an overall MoneyGeek score out of 100. We applied the following base weightings to score insurers:

  • Affordability: 60%
  • Financial Stability: 5%
  • Buying Process: 5%
  • Customer Satisfaction: 20%
  • Product Diversity: 10%

Each company's score incorporates:

  • Cost data obtained through online quotes
  • Financial strength ratings from AM Best and the number of years in business
  • Customer satisfaction data from the National Association of Insurance Commissioners (NAIC) customer complaint index (we reviewed annual complaint data from 2020 to 2022, the most recent year available)
  • Availability of tools to aid in the buying process, such as online product materials and multiple payment options
  • Diversity of life insurance products offered

Sample Customer Profile

MoneyGeek used a standard profile to obtain life insurance quotes in Rhode Island:

  • 40-year-old nonsmoker
  • Average height and healthy weight
  • Excellent health rating

We modified the profile by age, gender, height, weight, tobacco use, health rating and geographic location to collect a variety of quotes and determine the best life insurance company for several types of customers. We collected quotes for term life insurance with varying term lengths and coverage amounts, as well.

When necessary, we identified trends in the dataset and used those patterns to calculate projections and extend the data beyond what was originally collected.

About Mark Fitzpatrick


Mark Fitzpatrick headshot

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.


Copyright © 2025 MoneyGeek.com. All Rights Reserved