State Farm and Amica are the best cheap renters insurance companies in Rhode Island. State Farm offers the most affordable rates at $17 monthly. Amica has the highest customer reputation score and the most comprehensive coverage options.
Cheap Renters Insurance in Rhode Island
Updated: May 2, 2025
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Key Takeaways
State Farm is Rhode Island's cheapest renters insurance company, with rates starting at $205 annually. Amica is the best overall provider.
Renters insurance costs an average of $40 monthly in Rhode Island.
To find the best and most affordable renters insurance, determine your coverage needs first, research costs and compare multiple quotes.
Rhode Island Renters Insurance Quote Estimates
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Rates updated:
Jul 14, 2025
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Best Cheap Renters Insurance Companies in Rhode Island
| UPC | No Data | $30 | $361 |
| Amica | 97 | $22 | $267 |
| State Farm | 93 | $17 | $205 |
| Nationwide | 93 | $22 | $264 |
| Allstate | 85 | $22 | $269 |
*This list shows rates for a renter with good credit, no claims history, $50K in property damage coverage, $100K in liability coverage, a $1,000 deductible and guaranteed replacement.
Compare Personalized Best Cheap Renters Insurance in Rhode Island
Our list above covers most renters, but your ideal option may differ. The table below can be filtered to match your profile and help you find the best option in Rhode Island.
Data filtered by:Results filtered by:
Select
Coverage Level:$50K Personal Property / $100K Liability
Select
Deductible:1000
Select
Claims History:Claim free for 5+ years
Select
Contents Replacement:Yes
Select
Credit Tier:Good
| Amica | 98 | $14 | $163 |
| Nationwide | 94 | $15 | $175 |
| State Farm | 93 | $14 | $171 |
| Allstate | 83 | $21 | $257 |
| Farmers | 80 | $37 | $444 |
Best Rhode Island Renters Insurance Reviews
The sections below detail our top picks for affordability, customer service and coverage options for Rhode Island renters insurance.
Amica: Best Cheap Overall
pros
Second-most affordable rates
High customer satisfaction and claims ratings
Great add-on coverage selection
cons
No natural disaster coverage
COMPANY HIGHLIGHTS
Amica tops Rhode Island's renters insurance market with the second-lowest rates starting at $22 monthly, the highest customer satisfaction and the broadest coverage options. Ranking second nationally in overall satisfaction and claims handling, Amica also offers specialized electronics protection add-ons and replacement cost coverage that restores damaged items to their original value.
State Farm: Most Affordable Plans
pros
Most affordable rates
High overall customer satisfaction ratings
Provides online quotes
cons
Low claims satisfaction
Less affordable for low coverage
COMPANY HIGHLIGHTS
State Farm has the lowest Rhode Island renters insurance rates, starting at $17 monthly. The insurer ranks fourth nationally in J.D. Power customer satisfaction ratings. State Farm stands out by letting customers precisely tailor their personal property coverage limits to their needs.
Average Cost of Renters Insurance in Rhode Island
Renters insurance in Rhode Island averages $482 annually, $240 higher than the national average of $242. These rates reflect a policy with $50K personal property coverage, $100K liability limits and a $1,000 deductible. Your rate may vary based on your profile.
The table below lets you filter major factors affecting rates to see average costs for your situation.
Data filtered by:Results filtered by:
Select
Coverage Level:$50K Personal Property / $100K Liability
Select
Deductible:1000
Select
Claims History:Claim free for 5+ years
Select
Credit Tier:Good
Select
Contents Replacement:Covered
| $50K Personal Property / $100K Liability | $40 | $482 |
Rhode Island Renters Insurance: Buyer's Guide
Finding the right renters insurance in Rhode Island can be challenging. This guide will help you select ideal coverage for your needs.
How to Find the Best Cheap Renters Insurance in Rhode Island
Follow these steps to find the best and cheapest renters insurance for your situation:
- 1
Determine the right coverage level
Decide how much coverage you need by knowing the value of items you want to insure and considering risks like weather damage, crime and pet-related factors.
- 2
Research costs and discounts
Research average costs for your profile to assess if quotes offer good value. Look for discounts you may qualify for to save more.
- 3
Compare providers
Research provider reputations, average costs and coverage options before gathering quotes to narrow down suitable providers.
- 4
Consider bundling
Think about bundling renters and auto insurance with your current provider. Bundling savings on auto insurance often cover the entire cost of renters insurance.
- 5
Compare multiple quotes through different channels
Compare at least five quotes with identical coverage levels. Use comparison sites, provider websites, brokers and direct calls to agents, as quotes can vary.
- 6
Compare rates annually
Insurance rates fluctuate often. Compare annually to maintain affordable rates and avoid overpaying.
How Much Renters Insurance Do I Need in Rhode Island?
Rhode Island law doesn't require renters insurance, but most landlords require at least $100K in liability coverage. Requirements vary based on rental history, credit, and pet ownership. When deciding coverage amounts, consider how much property you want covered, weather risks, local crime rates and pet ownership.
Use our calculator below to determine your ideal personal property limits so you know how much renters insurance you need.
Personal Property Coverage Calculator
When figuring out how much renters insurance you need, experts recommend the standard $100,000 in liability insurance and enough personal property protection to cover your possessions. Use MoneyGeek's calculator to estimate the value of your possessions so you know how much personal property coverage to buy.
clothing & accessories
Clothes, shoes, bags, belts, hats, gloves, etc.
Rhode Island Renter Risk Considerations
Rhode Island presents specific risks that renters should consider when selecting insurance coverage:
- Weather risks: Rhode Island is at high risk of hurricanes and winter storms in certain areas. Standard coverage may not include protection for these threats, requiring a separate purchase.
- Crime risks: Rhode Island ranks 45th highest nationwide for property crime and 18th for identity theft and fraud. Consider add-ons and supplemental property damage coverage.
- Pet ownership: Pet owners should consider pet liability coverage add-ons and check how different providers handle pet coverage.
- Property types: Special tools, valuables, electronics or structures like pools may require additional coverage beyond standard policies.
How Does Renters Insurance Coverage Work?
Renters insurance typically covers damage to your property, liability to others and loss of use related to your rental home. Additional coverage options can make your policy more comprehensive.
Coverage Type | Standard or Add-on | Coverage Details |
|---|---|---|
Standard | Reimburses for personal property within your rental up to specified limits (actual cash value unless you have replacement cost coverage). | |
Standard | Covers injuries on your property, including medical bills and legal costs | |
Additional living expenses | Standard | Covers expenses like meals, lodging and transportation if your rental becomes uninhabitable |
Natural disasters | Add-on | Separate policies for earthquake and flood coverage |
Parts/Equipment | Add-on | Covers tools, appliances and utilities |
Scheduled property | Add-on | Insures specific valuable items up to certain amounts |
Identity theft | Add-on | Protects against identity theft, including stolen funds and legal costs |
Pet liability | Add-on | Provides financial protection for injuries caused by your pet |
Modifications | Add-on | Covers custom additions and modifications to your rental |
Food loss | Add-on | Reimburses for food lost due to covered incidents |
Best Renters Insurance in Rhode Island: Bottom Line
Amica and State Farm are the best and cheapest renters insurance companies in Rhode Island. While we recommend these options, research and compare multiple companies and quotes to find the best deal.
Renters Insurance in Rhode Island: FAQ
Here are answers from our experts to common questions:
What is the cheapest renters insurance company in Rhode Island?
State Farm offers the cheapest renters insurance in Rhode Island, with an average annual premium of $205 or $17 per month.
What is the best renters insurance company in Rhode Island?
Amica is the best renters insurance company in Rhode Island, with a MoneyGeek score of 97 out of 100 due to its exceptional customer service and comprehensive coverage options.
How much does renters insurance cost in Rhode Island?
The average cost of renters insurance in Rhode Island is $482 per year or $40 per month, 99% higher than the national average. Annual premiums range from $205 to $361.
Is renters insurance required in Rhode Island?
Rhode Island law doesn't mandate renters insurance, but many landlords require it. Assess your needs to determine if coverage makes sense for you. Benefits include financial protection against common perils and liability coverage for third-party injuries.
How We Found the Best Cheap Renters Insurance Companies
To determine who has the cheapest renters insurance in Rhode Island, we used the following base profile:
- $50K personal property coverage
- $100K liability coverage
- $1,000 deductible
- Property replacement coverage
- Good credit score
This profile determined our affordability score (60% of the total score).
Additional factors included:
- Customer satisfaction from industry research (25%)
- Add-on coverages (10%)
- Financial strength ratings (5%)
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.
sources
- American Red Cross. "Which Natural Disasters Should You Prepare For?." Accessed May 2, 2025.
- Insurance Information Institute. "Facts + Statistics: Identity Theft and Cybercrime." Accessed May 2, 2025.
- U.S. News. "Property Crime Rate." Accessed May 2, 2025.