Homeowners Insurance in Rhode Island

The average Rhode Island homeowners premium is $2,396 a year (NAIC) — ▲ +38% versus the U.S. average of $1,737, ranking 6th of 51.

These are estimates, not quotes. Home figures are modeled from NAIC state averages, Census home values and FEMA hazard ratings for comparison only. Real premiums depend on the insurer, the home, its roof and claims history. We are not an insurance company or agency. How we estimate

Average homeowners and renters insurance in Rhode Island

Homeowners (HO-3)

$2,396

NAIC average / year

Renters (HO-4)

$184

U.S. $173

Median home value

$404,200

Census ACS

FEMA expected loss rating

Very Low

all natural hazards

NAIC averages cover standard owner-occupied (HO-3) policies. Premiums scale with the cost to rebuild, so Rhode Island's median home value of $404,200 and its exposure to wind, hail and wildfire explain much of the difference from other states.

Natural hazard risk in Rhode Island

FEMA National Risk Index — expected annual loss by hazard (state level)
Hazard	Expected loss rating	Score	Expected annual loss
Hail	Very Low	11.3	$655,772
Tornado	Relatively Low	18.9	$5,256,423
Hurricane	Relatively Low	50.0	$19,561,960
Inland (river) flooding	Relatively Low	14.3	$152,987,491
Coastal flooding	Relatively Low	46.0	$5,045,844
Wildfire	Very Low	3.9	$43,502
Earthquake	Very Low	14.3	$7,531,774
Winter weather	Relatively Low	12.5	$252,785
Strong wind	Relatively Low	9.4	$2,105,429
Lightning	Very Low	7.7	$2,821,554

Standard homeowners policies exclude flood and earthquake; both need separate coverage. Wind and hurricane damage is covered but often with a separate percentage deductible in coastal states.

Home Insurance Estimator

Estimated annual premium

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Per month

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Estimated homeowners insurance by city

For a home at each city's median value, standard frame construction and a $1,000 deductible. The lowest estimate is in Warwick ($1,985) and the highest in Newport ($3,310).

City	Median home value	Median year built	Hail / wind	Est. premium
Providence	$362,200	1938	Relatively Moderate / Relatively Moderate	$2,245
Cranston	$378,300	1958	Relatively Moderate / Relatively Moderate	$2,325
Warwick	$354,600	1961	Very Low / Relatively Low	$1,985
Pawtucket	$325,500	1947	Relatively Moderate / Relatively Moderate	$2,060
East Providence	$365,500	1958	Relatively Moderate / Relatively Moderate	$2,260
Woonsocket	$311,000	1952	Relatively Moderate / Relatively Moderate	$1,985
Newport	$746,900	1938	Very Low / Relatively Low	$3,310
Central Falls	$352,100	1944	Relatively Moderate / Relatively Moderate	$2,195

Car insurance in Rhode Island →

Frequently asked questions

How much is homeowners insurance in Rhode Island?

NAIC data puts the average Rhode Island homeowners (HO-3) premium at $2,396 a year, ranking 6th of 51 (1 = most expensive). The national average is $1,737.

How much is renters insurance in Rhode Island?

The NAIC average renters (HO-4) premium in Rhode Island is $184 a year.

What natural hazards affect home insurance in Rhode Island?

FEMA's National Risk Index does not rate any single hazard in Rhode Island as relatively high for expected annual losses. Flood and earthquake still need separate policies.

Does homeowners insurance cover floods in Rhode Island?

No. Standard homeowners policies exclude flood damage. Flood coverage is sold separately through the National Flood Insurance Program (NFIP) or private insurers.

How we estimate this

We start from the NAIC average homeowners (HO-3) premium for the state, scale it by the ratio of the home value to the state median home value (Census ACS), adjust for construction type and deductible, and apply a hazard factor from FEMA National Risk Index scores for the county relative to the state. Results are rounded estimates, not quotes. Read the full methodology.

Sources used on this page