For such a tiny state, homeowners in Rhode Island now face relatively high premiums for their home insurance, with 2025 statewide averages roughly in the low-$2,000s per year (about $1,900–$2,300 for a standard policy), according to analyses from Bankrate and Policygenius. To help you find affordable coverage, we reviewed the best Rhode Island home insurance companies based on market share, policies and discounts.
Although it’s not always the cheapest carrier, Amica remains a top pick thanks to strong customer feedback, customizable coverage options, and service. Allstate and Narragansett Bay are also solid contenders for home insurance in Rhode Island. If you need flood protection, compare NFIP coverage and private flood options; availability and pricing vary by insurer.
Top 4 Home Insurance in Rhode Island
- Amica: Best for Customer Service
- Allstate: Best for New Home Buyers
- Narragansett Bay: Best for Affordable Coverage
- UPC Insurance: Best for Flood Insurance guidance (compare NFIP and private flood options)
Compare Rhode Island’s Best Homeowners Insurance
| Average Price* | AM Best Financial Strength | J.D. Power Overall Customer Satisfaction** | |
| Amica | See statewide avg (~$2,100*) | See AM Best | See latest study |
| Allstate | See statewide avg (~$2,100*) | See AM Best | See latest study |
| Narragansett Bay | See statewide avg (~$2,100*) | See AM Best | N/A |
| UPC Insurance | See statewide avg (~$2,100*) | See AM Best | N/A |
*2025 statewide modeled averages place Rhode Island around $1,900–$2,300 per year for a standard HO-3 profile; see analyses by Bankrate and Policygenius
**Use the latest J.D. Power homeowners insurance study (1,000-point scale); scores change annually. See J.D. Power press releases
Best Homeowners Insurance in Rhode Island
Amica
Amica is not one of the largest insurers in the U.S., but its customer service consistently earns high marks in recent independent studies, and it offers flexible coverage options. Because it’s owned by its policyholders, some policies may be eligible for dividends. See current industry satisfaction benchmarks from J.D. Power (1,000-point scale) and cross-industry results from the American Customer Satisfaction Index (0–100 scale).
Best for Customer Service
Why we chose it
Why we chose it
Pros
- Great customer service
- Handles claims quickly and efficiently
- Money-back dividends for some policies
- Replacement value for personal belongings
Cons
- Bare-bones website
- Limited discounts
Discounts available
- Credit when you insure your new or remodeled home
- Burglar or fire alarms; sprinkler system
- Automatic detection devices such as a water or gas leak system
Unique features
Amica’s most unique feature is its consistent appearance at the top of the best customer service lists. It’s been number one with J.D. Powers, in fact, for 18 years—that’s a legacy of customer care that is hard to match.
Further Reading on Amica:
Allstate
Allstate’s strength is the breadth of its coverage options and discounts, helping you tailor a policy to your needs. It also invests heavily in digital tools and resources that make it easier to quote, manage policies, and file claims — areas that feature prominently in recent insurance digital experience benchmarks.
Best for New Home Buyers
Why we chose it
Why we chose it
Pros
- Diverse discount opportunities
- Informative website and digital tools
- Above-average customer service
Cons
- NAIC complaint index high
- Financial strength ratings good, but not great
Discounts available
- Early signing discount
- Homebuyer discount
- Hail-resistant roof discount
Unique features
Allstate’s discount list is longer than most national insurers. You could save up to 10% on your premiums if you sign up for your new policy at least 7 days before the current one expires.
Further Reading on Allstate
Narragansett Bay Insurance
Narragansett Bay Insurance is a regional provider focused on coastal markets, offering straightforward, budget-friendly home insurance with agent support and localized underwriting expertise. Service and turnaround can be competitive for Rhode Island homeowners who prefer working with a regional carrier.
Best for Affordable Coverage
Why we chose it
Why we chose it
Pros
- Many coverage options
- Offers private flood insurance
Cons
- No online quotes
- Few discounts
Discounts available
- New home
- Safe home
- Claims-free
- Loyalty
Unique features
Narragansett Bay offers a service called ShelterPride, which includes a professional in-home appraisal to assess ways for the homeowner to avoid common losses.
UPC Insurance
For flood protection in Rhode Island, compare your options between the federally backed NFIP and private flood policies offered by various insurers. Under FEMA’s Risk Rating 2.0, NFIP pricing is more property-specific, and private flood policies may offer higher limits or additional features like ALE; availability and underwriting vary. Start with FloodSmart for NFIP coverage basics and shop private alternatives with a licensed agent.
Best for Flood Insurance
Why we chose it
Why we chose it
Pros
- Wide variety of coverage options
- Offers private flood insurance
Cons
- No online quotes
- Must work primarily with agents
Discounts available
- Protective device
- New roof
- Working with an accredited builder
- Pay in full
- Retired homeowner
Unique features
UPC Insurance sells private flood insurance and NFIP flood insurance, so it’s a great option for any homeowner who needs flood coverage in addition to robust home insurance.
*2025 statewide modeled averages place Rhode Island around $1,900–$2,300 per year for a standard HO-3 profile; see analyses by Bankrate and Policygenius
**Use the latest J.D. Power homeowners insurance study (1,000-point scale); scores change annually. See J.D. Power press releases
Average Cost of Homeowners Insurance in Rhode Island
According to 2025 market estimates, the average cost of homeowners insurance in Rhode Island is roughly $1,900–$2,300 per year (about $160–$190 per month) for a standard owner-occupied policy — higher than the current U.S. average but far below the most catastrophe-exposed states. These figures come from contemporary state-by-state analyses by Bankrate and Policygenius. For historical context, the latest official NAIC-based benchmark compiled by the Insurance Information Institute places Rhode Island in the mid-$1,500s for 2021, implying roughly a 25%–45% cumulative increase through 2025 — consistent with elevated household insurance inflation reported by the Bureau of Labor Statistics. Your actual premium still depends on personal factors like ZIP code, proximity to the coast, home characteristics, credit-based insurance scores (where allowed), and deductible choices.
Home Insurance Add-Ons That May Further Protect You
Many Rhode Island homes face coastal wind and flood exposure. Standard homeowners policies exclude flood, so consider standalone flood coverage via the NFIP or private insurers. NFIP pricing now follows FEMA’s property-specific Risk Rating 2.0, and a typical 30‑day waiting period applies (exceptions exist). Private flood policies may offer higher limits and additional features like ALE; confirm lender acceptance. Beyond flood, review key endorsements such as replacement cost on dwelling and personal property, ordinance or law (code upgrades), water backup/sump overflow, service line, and equipment breakdown — options highlighted by the NAIC. Also note that separate hurricane/wind deductibles are common in coastal areas; choosing higher deductibles can lower premiums but increases out-of-pocket costs.
The Cheapest Home Insurance Companies in Rhode Island
| Home Insurance Company | Average Annual Premium* |
| Narragansett Bay | Varies by profile/ZIP; see statewide avg (~$2,100*) |
| State Farm | Varies by profile/ZIP; see statewide avg (~$2,100*) |
| UPC Insurance | Varies by profile/ZIP; see statewide avg (~$2,100*) |
| Nationwide | Varies by profile/ZIP; see statewide avg (~$2,100*) |
| Farmers | Varies by profile/ZIP; see statewide avg (~$2,100*) |
| PURE | Varies by profile/ZIP; see statewide avg (~$2,100*) |
| Amica | Varies by profile/ZIP; see statewide avg (~$2,100*) |
| Allstate | Varies by profile/ZIP; see statewide avg (~$2,100*) |
| ANDOVER Grp | Varies by profile/ZIP; see statewide avg (~$2,100*) |
| Providence Grp | Varies by profile/ZIP; see statewide avg (~$2,100*) |
*2025 statewide modeled averages from Bankrate and Policygenius for a standard profile; individual company premiums vary significantly by ZIP, home features, and coverage
Top 3 Cheapest Rhode Island Homeowners Insurance
- 2025 statewide benchmark — about $2,100/year on average (range ~ $1,900–$2,300), per Bankrate and Policygenius
- Cheapest carrier varies — rates depend on ZIP, distance to coast, roof age/condition, credits, and deductibles; compare quotes from at least 3–5 insurers
- Savings levers — bundle home + auto, set deductibles you can afford, and ask about wind‑mitigation credits and device discounts
Top 3 Most Expensive Home Insurance in Rhode Island
- Coastal/bay‑front ZIPs — highest costs often align with hurricane/wind deductibles and older roofs
- Last‑resort coverage — properties that need the RI FAIR Plan may pay more for less comprehensive coverage (see the state’s consumer guide)
- Higher rebuild costs — homes with higher replacement values and limited mitigation often see steeper pricing amid reinsurance and inflation pressures
Resources Helpful for Rhode Island Homeowners
If you’re purchasing home insurance for the first time, we recommend checking out the Rhode Island Department of Business Regulation’s resources on home insurance. You’ll find helpful information about what home insurance covers, hurricane/wind deductibles, the RI FAIR Plan, how to create a home inventory of your personal belongings, and how to protect your home throughout the seasons. You can also visit Rhode Island’s Emergency Management Agency for more information about flood insurance.
Homeowners Insurance FAQ
Methodology
We evaluated companies using third-party ratings for customer experience and financial stability, along with coverage options and pricing context (using 2025 statewide modeled averages), to determine which providers may fit Rhode Island homeowners best.
To compare home insurance companies across the board, we considered the following factors:
- Customer Ratings– We reference current J.D. Power homeowners studies (1,000-point scale) and cross-check with the ACSI sector (0–100 scale) to gauge satisfaction and trends.
- Coverage– Because no single company fits everyone’s needs, we value a broad set of coverage options and add-ons (e.g., replacement cost options, water backup, ordinance or law).
- Confidence– We look for strong financial strength so claims can be paid reliably, citing A.M. Best for point-in-time Financial Strength Ratings (FSR) and outlooks.
- Customer Experience– We review complaint activity using the NAIC National Complaint Index to understand overall service performance.
Rate context and comparisons use 2025 statewide modeled averages from Bankrate and Policygenius. These are sample figures for comparison only; your quotes will vary.
The coverage limits for home insurance rates reflect the following coverage and limits:
- Coverage A, Dwelling: $250,000
- Coverage B, Other Structures: $25,000
- Coverage C, Personal Property: $125,000
- Coverage D, Loss of Use: $50,000
- Coverage E, Liability: $300,000
- Coverage F, Medical Payments: $1,000
The homeowners also have a $1,000 deductible and a separate wind and hail deductible (if required).
