Best and Cheapest Homeowners Insurance in Rhode Island for 2025 (Save Money With These 10 Companies)
The best and cheapest homeowners insurance in Rhode Island comes from USAA and State Farm, with USAA offering rates as low as $28 per month.
This article is here to be a practical guide for understanding homeowners insurance, making it easier for you to compare coverage options, costs, and key factors. USAA is the best option for military households, offering great rates and coverage, and State Farm offers flexible policies for all homeowners.
| Company | Rank | $200,000 Policy | A.M. Best | Best For | Jump to Pros/Cons |
|---|---|---|---|---|---|
 |
#1 | $478 | B | Loyalty Benefits | State Farm |
 |
#2 | $900 | A++ | Military Exclusivity | USAA |
 |
#3 | $900 | A++ | Online Discounts | Geico |
 |
#4 | $1,000 | A+ | Snapshot Program | Progressive |
 |
#5 | $1,000 | A | Loyalty Rewards | American Family |
 |
#6 | $1,100 | A++ | Flexible Policies | Travelers |
 |
#7 | $1,100 | A | Customizable Coverage | Farmers |
 |
#8 | $1,100 | A | Custom Policies | Liberty Mutual |
 |
#9 | $1,294 | A+ | Accident Forgiveness | Nationwide |
 |
#10 | $1,300 | A+ | Discount Bundles | Allstate |
As a progressive insurance company, they are both financially strong with a proven track record for on-time support. By researching these top providers, you can discover the best policy for you.
Why pay more to protect your home when the same coverage may be available for less? Use our free comparison tool to compare home insurance quotes by entering your ZIP code.
What You Should Know
- Find the best and cheapest homeowners insurance in Rhode Island with flexible coverage
- USAA is the top pick for military families, with rates as low as $28 per month
- Compare policies to save while ensuring reliable protection
#1 – USAA: Top Overall Pick
Pros
- Lowest Rates Available: USAA offers homeowners insurance in Rhode Island starting at just $28 per month, making it the most affordable choice.
- Exceptional Customer Service: USAA is praised for top-tier support, giving Rhode Island homeowners reliable assistance when needed. See our USAA review for details.
- Military-Focused Coverage: Designed exclusively for military families, USAA provides tailored homeowners insurance in Rhode Island.
Cons
- Restricted Eligibility: Homeowners insurance in Rhode Island is only available to military members, veterans, and their families.
- Limited Local Agents: Unlike some competitors, USAA has fewer in-person agents in Rhode Island.
#2 – State Farm: Best for Loyalty Benefits
Pros
- Affordable Monthly Rates: State Farm provides homeowners insurance in Rhode Island for as low as $32 per month. Read our State Farm review for more.
- Reliable Loyalty Discounts: Long-term policyholders can save more through exclusive discounts.
- Wide Agent Network: Rhode Island homeowners have access to numerous local agents for personalized support.
Cons
- Lower Financial Strength Rating: State Farm holds a B rating from A.M. Best, lower than some competitors offering homeowners insurance in Rhode Island.
- Potentially High Deductibles: Some Rhode Island homeowners may face higher deductibles on certain policies
#3 – Travelers: Best for Flexible Policies
Pros
- Flexible Policy Options: Travelers offers customizable homeowners insurance in Rhode Island, letting homeowners adjust coverage to fit their needs.
- Strong Financial Stability: With an A++ rating, Travelers provides reliable claims payouts for homeowners insurance in Rhode Island. Find the full list in our Travelers review.
- Discounts for Green Homes: Homeowners insurance in Rhode Island with Travelers offers savings for eco-friendly home improvements.
Cons
- Higher Monthly Rates: At $44 per month, Travelers’ homeowners insurance in Rhode Island is pricier than some competitors.
- Limited Local Agents: Fewer in-person agents make it harder for Rhode Island homeowners to get face-to-face assistance.
#4 – Progressive: Best for Snapshot Program
Pros
- Competitive Pricing: Progressive offers homeowners insurance in Rhode Island for $49 per month, balancing cost and coverage. Get a complete view in our Progressive review.
- Unique Snapshot Program: Rhode Island homeowners can earn discounts on their insurance by demonstrating safe home habits.
- Strong Financial Backing: With an A+ rating, Progressive ensures reliable claims handling for Rhode Island homeowners.
Cons
- Limited Customization: Homeowners insurance in Rhode Island through Progressive may not be as customizable as other providers.
- Fewer Local Agents: Rhode Island homeowners looking for in-person support may find options limited.
#5 – Geico: Best for Online Discounts
Pros
- Affordable Online Policies: Rhode Island homeowners can secure budget-friendly homeowners insurance entirely online.
- A++ Financial Rating: Geico provides strong financial stability for homeowners insurance in Rhode Island.
- Multiple Discount Options: Homeowners can save by bundling best car & homeowners insurance and taking advantage of online discounts.
Cons
- No Direct Underwriting: Geico partners with third-party insurers for homeowners insurance in Rhode Island, which may lead to service inconsistencies.
- Limited Local Agent Support: Rhode Island homeowners may find fewer in-person service options.
#6 – American Family: Best for Loyalty Rewards
Pros
- Loyalty Rewards: Long-term policyholders can unlock exclusive discounts on homeowners insurance in Rhode Island. Explore our American Family review.
- Customizable Coverage: Rhode Island homeowners can personalize their policies to fit their unique coverage needs.
- Strong Financial Backing: With an A rating, American Family ensures financial stability for homeowners insurance in Rhode Island.omeowners insurance in Rhode Island.
Cons
- Higher Monthly Rates: At $64 per month, American Family’s homeowners insurance in Rhode Island is more expensive than top competitors.
- Limited Availability: American Family’s homeowners insurance in Rhode Island is not as widely available as some competitors.
#7 – Farmers: Best for Customizable Coverage
Pros
- Customizable Coverage Options: Farmers enables Rhode Island homeowners to tailor their homeowners insurance policies to their needs.
- Strong Financial Stability: Farmers holds an A rating, providing dependable claims support for homeowners insurance in Rhode Island. Find additional info in our review of Farmers.
- Discount Opportunities: Rhode Island homeowners can save by bundling policies and taking advantage of add-on discounts.
Cons
- Expensive Monthly Rates: Farmers’ homeowners insurance in Rhode Island costs $78 per month, making it one of the pricier options.
- Limited Local Agent Availability: Some Rhode Island homeowners may have difficulty finding nearby agents.
#8 – Allstate: Best for Discount Bundles
Pros
- Bundling Discounts: Rhode Island homeowners can save by combining home and auto policies.
- A+ Financial Rating: Allstate ensures strong financial security for homeowners insurance in Rhode Island. Discover details in our Allstate review.
- Varied Coverage Options: Rhode Island homeowners can customize their policies with a range of add-ons for extra protection.
Cons
- Higher Premiums: Allstate’s homeowners insurance in Rhode Island costs $80 per month, making it pricier than many competitors.
- Mixed Customer Service Reviews: Some Rhode Island homeowners report inconsistent customer support experiences.
#9 – Nationwide: Best for Accident Forgiveness
Pros
- Accident Forgiveness: Rhode Island homeowners can benefit from policies that prevent premium increases after claims. Learn more in our Nationwide review.
- A+ Financial Strength: Nationwide provides reliable claims support for homeowners insurance in Rhode Island.
- Customizable Coverage Options: Homeowners can personalize policies to fit their specific needs.
Cons
- High Monthly Costs: At $81 per month, Nationwide’s homeowners insurance in Rhode Island is among the more expensive choices.
- Limited Discounts: Rhode Island homeowners may find fewer savings opportunities compared to competitors.
#10 – Liberty Mutual: Best for Custom Policies
Pros
- Custom Policies: Rhode Island homeowners can tailor their coverage to fit their specific needs. See our Liberty Mutual review for more.
- Strong Financial Rating: With an A rating, Liberty Mutual offers reliable claims payouts for homeowners insurance in Rhode Island.
- Multiple Discount Options: Homeowners can save through bundling, security features, and claim-free discounts.
Cons
- Most Expensive Option: At $100 per month, Liberty Mutual’s homeowners insurance in Rhode Island is the priciest on the list.
- Mixed Customer Service Reputation: Some Rhode Island homeowners report delays in claims processing.
Selecting the Best Homeowners Insurance Rates in Rhode Island
Finding the right home insurance in Rhode Island doesn’t have to be complicated. If you’re searching for homeowners insurance near me, comparing rates from top Rhode Island home insurance companies is a great place to start. Below, you’ll find a breakdown of rates for $200K, $300K, and $500K policies to help you get a better idea of what to expect.
| Insurance Company | $200K Policy | $300K Policy | $500K Policy |
|---|---|---|---|
|
$140 | $175 | $210 |
|
$145 | $180 | $215 |
|
$150 | $185 | $225 |
|
$135 | $170 | $205 |
|
$160 | $195 | $235 |
|
$144 | $179 | $215 |
|
$184 | $225 | $270 |
|
$121 | $155 | $195 |
|
$125 | $160 | $200 |
|
$245 | $300 | $350 |
When it comes to the average home insurance cost in Rhode Island, prices can vary based on factors like your home’s location, the coverage amount, and the insurer you choose. But price isn’t everything—understanding what your policy covers, available discounts, and any exclusions is just as important.
Before making a decision, keep in mind 5 things to know about home insurance, like different policy types, cost factors, and why shopping around is key. Take your time, compare your options, and find the right balance of coverage and cost for your home.
Homeowners Insurance Discounts in Rhode Island
Saving on homeowners insurance is easier than you think, the right discounts can trim down your premium, keeping more money in your pocket. Whether it’s a small price break or a bigger perk for bundling, those savings add up—helping you stay protected without overpaying.
It’s more about prudence in the choices that you make and taking advantage of every opportunity that you can to trim cost while still being protected on your home. To simplify things, we’ve compiled a list of the best homeowners insurance discounts in Rhode Island.
| Insurance Company | Multi-Policy Discount | Protective Device Discount | Claims-Free Discount | Home Security Discount |
|---|---|---|---|---|
|
22% | 7% | 12% | 9% |
|
18% | 6% | 8% | 7% |
|
13% | 8% | 7% | 6% |
|
9% | 6% | 9% | 5% |
|
24% | 9% | 13% | 8% |
|
17% | 11% | 9% | 6% |
|
11% | 6% | 7% | 9% |
|
16% | 7% | 8% | 9% |
|
12% | 5% | 6% | 7% |
|
9% | 4% | 11% | 6% |
Maximizing discounts is a simple way to reduce your homeowners insurance costs. Whether you're bundling your policies, adding security features, or keeping a clean claims record, small steps can lead to big savings.
You can save money on homeowners insurance & prevent claims to better protect your home and gain peace of mind by making wise moves shortlisted below. Be sure to compare discount offerings from different providers to find the best deal for your home and budget.
Rhode Island Homeowners Insurance Claims and Costs
Homeowners insurance claims can range widely in both frequency and cost based on the type of damage sustained. Certain claims are more common but less costly, while others are less common but very expensive. Here’s a breakdown of the most common types of claims, what share of total claims they account for, and their average cost per claim.
| Claim Type | Portion of Claims | Cost per Claim |
|---|---|---|
| Wind and Hail | 34% | $13,962 |
| Fire and Lightning | 32% | $77,340 |
| Water Damage | 24% | $13,311 |
| Theft | 6% | $4,415 |
| Other Property Damage | 4% | $6,598 |
These figures speak to the cost that various forms of damage can incur. Some risks, like wind and hail, are more frequent, while others—fire and lightning, for example—can be much more expensive.
These records are some of the foundations for understanding these trends and helping homeowners make informed choices about their coverage and preparedness. Does car or home insurance cover hail damage? It’s important to review your policy to know what’s covered and ensure you have the right protection.
Securing the Right Homeowners Insurance in Rhode Island
Finding the right homeowners insurance in Rhode Island doesn’t have to be a hassle. The good news? USAA, State Farm, and Travelers offer some of the best coverage at competitive Rhode Island home insurance rates.
USAA is the top pick for military families, State Farm rewards long-term customers, and Travelers gives homeowners the flexibility to customize their policies. If you're wondering how to get the cheapest homeowners insurance, start by comparing quotes, looking for discounts, and bundling your policies to save even more.
And if you want a smooth buying experience, check out the top 10 homeowners insurance companies with the best buying process, according to customer reviews. Taking a little time to compare options now can help you find affordable coverage that keeps your home protected without breaking the bank.
Don't overpay for home insurance—enter your ZIP code to find affordable coverage.
Frequently Asked Questions
Who has the cheapest home insurance in Rhode Island?
According to rankings, USAA offers the cheapest homeowners insurance in Rhode Island, with monthly rates starting at $28. However, USAA is exclusively available to military members and their families. State Farm is the next most affordable option at $32 per month, followed by Travelers at $44.
Which insurance company has the lowest homeowners insurance?
USAA provides the lowest homeowners insurance rates in Rhode Island at $28 per month, but it is only available to military members. For non-military homeowners, State Farm offers the lowest rate at $32 per month. Get the coverage you need at the best price—compare free quotes from trusted insurers today.
What is the best company to get home insurance?
The best company depends on individual needs. USAA is ideal for military families, State Farm rewards customer loyalty, Travelers offers flexible policies, and Geico provides great online discounts. Progressive stands out with its innovative programs, including the Progressive Snapshot review, which helps drivers save based on their habits.
Who are the top 5 homeowners insurance companies in Rhode Island?
Based on affordability, financial ratings, and benefits, the top five homeowners insurance companies in Rhode Island are USAA, State Farm, Travelers, Progressive, and Geico.
What is the minimum amount of homeowners insurance?
Most lenders require at least enough coverage to rebuild your home in case of a total loss. Standard policies typically include $100,000 in liability coverage, but many homeowners opt for $300,000 to $500,000 for better protection.
Who has the most expensive homeowners insurance?
Among the listed providers, Liberty Mutual has the highest monthly premium at $100 per month. Factors like home location, age, and coverage options can also affect your premium, and if you're wondering, how does renting my home affect my homeowners insurance?, it may lead to higher rates or require additional coverage.
Is homeowners insurance required in Rhode Island?
Homeowners insurance is not legally required in Rhode Island, but if you have a mortgage, your lender will likely require coverage to protect the property.
What is the minimum homeowners liability insurance?
Most policies start with $100,000 in liability coverage, but experts recommend increasing it to at least $300,000 to $500,000 for better protection against lawsuits and accidents on your property.
What is the most common homeowners insurance policy?
The HO-3 policy is the most common type of homeowners insurance, providing coverage for your home, belongings, and liability protection against common risks. If you're asking, what is an HO-3 insurance policy? It's a standard option that offers a good balance of affordability and comprehensive coverage for homeowners.
What is the cheapest homeowners insurance for seniors?
Seniors may find affordable coverage with USAA ($28 per month for military members), State Farm ($32 per month), or Travelers ($44 per month). Some insurers, like American Family ($64 per month), offer loyalty discounts that may benefit older homeowners.
What is the best way to buy homeowners insurance?
To get the best deal, compare quotes from multiple companies, consider bundling home and auto insurance for discounts, look for online discounts (Geico offers savings for online sign-ups), check the company’s financial rating, and work with an independent agent for personalized recommendations.
Which insurance company has the highest customer satisfaction?
USAA consistently ranks highest in customer satisfaction, but it is only available to military families. Among general insurers, State Farm and Travelers are well-rated for customer service and claims handling, making them reliable choices for those wondering, will my insurance policy cover my claim?
What is the most basic homeowners insurance policy?
The HO-1 policy is the most basic type, covering only specific named perils. However, HO-3 policies are the most commonly purchased because they provide broader coverage.
What is the minimum insurance requirement in Rhode Island?
Rhode Island does not have a state-mandated minimum for homeowners insurance, but most mortgage lenders require dwelling coverage, personal property protection, and liability insurance. You can compare quotes from the most affordable home insurance providers by filling in your ZIP code in our tool below.
What is the most costly claim for homeowners insurance?
The most costly homeowners insurance claims include fire, water damage, liability, and storms. Knowing how to file a home insurance claim for wildfire damage can help ensure a smooth process, especially in high-risk areas like Rhode Island.