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The Best Homeowners Insurance Companies in Rhode Island

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    For such a tiny state, homeowners in Rhode Island pay a huge premium for their home insurance. 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 the cheapest carrier, Amica easily took the top spot because of its stellar reviews, customizable coverage options, and customer service. Allstate, Narragansett Bay, and UPC Insurance are also good contenders for best home insurance in Rhode Island.

    Top 4 Home Insurance in Rhode Island 

    • Amica
    • Allstate
    • Narragansett Bay
    • UPC Insurance

    Compare Rhode Island’s Best Homeowners Insurance


    Average PriceAM Best Financial StrengthJ.D. Power Overall Customer Satisfaction*
    Amica$1,045A+845
    Allstate$1,191A+814
    Narragansett Bay$607AN/A
    UPC Insurance$679A-747

    *J.D. Power 2019 Home Insurance Customer Satisfaction Survey, based on a 1,000-point scale

    Best Homeowners Insurance in Rhode Island

    Amica

    Amica is not one of the largest insurers in the U.S., but its great customer service outperforms many of the big names in the industry. It offers standard coverage options and, since it’s owned by its policyholders, you may receive a dividend each year.

    Best for Customer Service

    Why we chose it

    Amica scores highly with consumer satisfaction organizations, but the reason isn’t that it has a lot of unique bells and whistles. Instead, the company has a laser-focus on the customer experience and everything it does, from online quotes to claims payout, is designed to keep its policyholders happy.
    • 4.5 Reviews Score
    • A+ AM Best Rate AM Best rates insurance providers creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.
    • 845* J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.
    • A+ BBB Rating The BBB rates companies based on trustworthiness and performance. The company uses a variety of factors, including how the company handles customer complaints.

    Why we chose it

    Amica scores highly with consumer satisfaction organizations, but the reason isn’t that it has a lot of unique bells and whistles. Instead, the company has a laser-focus on the customer experience and everything it does, from online quotes to claims payout, is designed to keep its policyholders happy.

    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
    Read More

    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.

    *J.D. Power 2019 Home Insurance Customer Satisfaction Survey, based on a 1,000-point scale

    Further Reading on Amica:

    Allstate

    Allstate’s strength is in the diversity of its offerings and discounts, which allows you to pick and choose the coverage that works best for your circumstances. It has a great website, with tons of useful information.

    Best for New Home Buyers

    Why we chose it

    Allstate’s discounts add up to lower premiums, making the company a good choice for anyone who’s looking to save a few dollars on their premium costs. Allstate is also generous in its coverage, providing up to $10,000 for accidental damage.
    • 4 Reviews Score
    • A+ AM Best Rate AM Best rates insurance providers creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.
    • 814* J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.
    • A+ BBB Rating The BBB rates companies based on trustworthiness and performance. The company uses a variety of factors, including how the company handles customer complaints.

    Why we chose it

    Allstate’s discounts add up to lower premiums, making the company a good choice for anyone who’s looking to save a few dollars on their premium costs. Allstate is also generous in its coverage, providing up to $10,000 for accidental damage.

    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
    Read More

    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.

    *J.D. Power 2019 Home Insurance Customer Satisfaction Survey, based on a 1,000-point scale

    Further Reading on Allstate

    Narragansett Bay Insurance

    Narragansett Bay Insurance is a regional home insurance provider that sells basic, yet affordable home insurance coverage. Because it’s a smaller company, the customer service is better than most national providers.

    Best for Affordable Coverage

    Why we chose it

    If you’re looking for cheap home insurance in Rhode Island, consider Narragansett Bay Insurance. The company offers bare-bones coverage, plus a few extras, but the price will fit into most budgets. Narragansett Bay Insurance also sells NFIP flood insurance.
    • N/A** Reviews Score
    • A AM Best Rate AM Best rates insurance providers creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.
    • N/A J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.
    • A+ BBB Rating The BBB rates companies based on trustworthiness and performance. The company uses a variety of factors, including how the company handles customer complaints.

    Why we chose it

    If you’re looking for cheap home insurance in Rhode Island, consider Narragansett Bay Insurance. The company offers bare-bones coverage, plus a few extras, but the price will fit into most budgets. Narragansett Bay Insurance also sells NFIP flood insurance.

    Pros

    • Many coverage options
    • Offers private flood insurance

    Cons

    • No online quotes
    • Few discounts
    Read More

    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.

    **Some regional providers don’t have enough third party ratings to calculate a score.

    UPC Insurance

    UPC specializes in insurance for homes located in coastal areas. This insurer shines when it comes to policy options, offering something to fit the needs of most Rhode Island homeowners.

    Best for Flood Insurance

    Why we chose it

    UPC is a good option for Rhode Islanders who want comprehensive home insurance coverage, plus private flood insurance. The company also offers good discounts that can help lower your premium.
    • 3.25 Reviews Score
    • A- AM Best Rate AM Best rates insurance providers creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.
    • 747* J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.
    • A+ BBB Rating The BBB rates companies based on trustworthiness and performance. The company uses a variety of factors, including how the company handles customer complaints.

    Why we chose it

    UPC is a good option for Rhode Islanders who want comprehensive home insurance coverage, plus private flood insurance. The company also offers good discounts that can help lower your premium.

    Pros

    • Wide variety of coverage options
    • Offers private flood insurance

    Cons

    • No online quotes
    • Must work primarily with agents
    Read More

    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.

    *J.D. Power 2019 Home Insurance Customer Satisfaction Survey, based on a 1,000-point scale

    Average Cost of Homeowners Insurance in Rhode Island

    According to the Insurance Information Institute (III), the average cost of homeowners insurance in Rhode Island is $1,551 per year or about $120 per month. That’s much higher than the U.S. national average rate of $1,211 per year. Actually, Rhode Island is the sixth most expensive state for homeowners insurance. However, the actual rate you’ll pay for home insurance depends on a number of personal factors, like your zip code, age, credit score, and more.

    Home Insurance Add-Ons That Will Further Protect You

    Many homes in Rhode Island are at risk of severe flooding, so having flood insurance is important. Some home insurance companies, like Narragansett Bay Insurance and UPC Insurance, sell private flood policies. You can also buy coverage through the National Flood Insurance Program (NFIP), which is backed by the federal government. If you want to get the highest payout possible after a loss, consider upgrading your policy to replacement cost coverage if your insurance company offers it.

    The Cheapest Home Insurance Companies in Rhode Island

    Largest Companies by Market Share in Rhode IslandAverage Annual Premium
    State Farm$564
    Narragansett Bay$607 
    UPC Insurance$679
    Metropolitan Insurance$832
    AIG$968
    Privilege Underwriters Reciprocal Exchange$1,026
    Amica$1,045
    Merrimack Mutual Fire Insurance Company$1,143
    Allstate$1,191
    Providence Mutual Fire Insurance Company$2,083

    Cost of Homeowners Insurance by Age of Home

    Age of Home (years)Sample Annual Premium
    5 years$1,010
    20 years$1,266
    35 years$1,286
    50 years$1,272
    Average across tiers$1,208

    Top 3 Cheapest Rhode Island Homeowners Insurance

    • State Farm – $564
    • Narragansett Bay – $607
    • UPC Insurance – $679

    Top 3 Most Expensive Home Insurance in Rhode Island

    • Providence Mutual – $2,083
    • Allstate – $1,191
    • Merrimack Mutual – $1,143

    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, 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

    Is homeowners insurance required in Rhode Island?

    The state of Rhode Island does not require its citizens to have home insurance, but most mortgage lenders do require homeowners insurance when you purchase your home.

    What is the cheapest homeowners insurance in Rhode Island?

    Based on our data, the cheapest homeowners insurance policy is offered by State Farm. However, State Farm “does not actively market new business” in Rhode Island at this time. If you can’t get a policy from State Farm, we recommend looking into Narragansett Bay or UPC Insurance for cheap coverage.

     How We Selected the Best Home Insurance Companies

    We evaluated the companies based on their customer rating and experience, financial stability, and coverage to determine the best providers. To compare home insurance companies across the board, we then calculated a Reviews.com score based on the following:

    • Customer Ratings– Customer ratings are an indication of satisfaction with the process of filing a claim. We measured this using J.D. Power Homeowners Satisfaction ratings.
    • Coverage– As there isn’t one company to fit everyone’s needs, we evaluated companies by the number of coverage options and add-ons available. 
    • Confidence– It is extremely important for insurance companies to fulfill customers’ claims. Companies with sound financial strength will not have issues paying out claims, regardless of the amount. However, companies with weak financial strength might not be able to pay out claims. We measured this using AM Best’s ratings, which specializes in assessing the financial strength of insurance companies.
    • Customer Experience– The number of complaints a company receives is an indicator of the overall customer experience as it expresses dissatisfaction. We have based this measure on the NAIC National Complaint Index.

    About the Authors

    Elizabeth Rivelli

    Elizabeth Rivelli Contributing Writer

    Elizabeth Rivelli is an insurance writer for Reviews.com. Over the last year, she has covered insurance providers, best policies, industry trends and more. Elizabeth has been featured in The Simple Dollar, Bankrate and Coverage.com, among others. She holds a bachelor's degree in Communication Studies from Northeastern University in Boston, MA. The Best Term Life Insurance Companies is Elizabeth’s favorite review on Reviews.com.

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