The 3 Best Homeowners Insurance Companies in Rhode Island

From hurricanes to blizzards, Rhode Island homeowners experience it all — and at close proximity to the coastline. It’s no surprise, therefore, that this small state has some pretty big homeowners insurance premiums. The average annual home insurance premium is $1,205, which is 2 percent less than the national average of $1,228, according to Insurance.com

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    In this article

      Our Top Picks for Best Homeowners Insurance in Rhode Island

      While price is an important factor to consider when shopping around for a Rhode Island homeowners insurance policy, residents should also weigh factors such as a company’s breadth of coverage options and claims-service reputation. To help you find the right company for your home and budget, we’ve outlined our top picks for home insurance and included an online quote tool so you can easily get started comparing policies and prices.

      Most popular – Allstate

      Allstate.com owns the largest share of the Rhode Island homeowners insurance market. The company is popular among residents of the Ocean State due to its flexible policy options, multiple dAlltiscount opportunities, and top-notch educational tools and resources.

      J.D. Power Rating
      3/5
      AM Best Rating
      A+
      Standard & Poor’s
      AA-
      SimpleScore
      4.4 / 5.0
      close
      SimpleScore Allstate 4.4
      Discounts 4
      Coverage Options 5
      Customer Satisfaction 3
      Support 5
      Accessibility 5

      Each standard home insurance policy from Allstate can be customized to provide increased protection for your most valuable assets — be it a home office, sports equipment, musical instruments, a yard or garden, or even electronic data.

      The company helps you save on your premium by offering rate deductions — like a 25 percent discount for bundling home and auto insurance policies, 20 percent for having a claim-free history, and 5 percent for signing up for auto-billing. Allstate also offers an additional 10 percent savings for new customers.

      Allstate’s innovative online learning center features an expansive library of articles, videos and tools to help customers better manage their policies and answer questions on homeownership. The company’s Premium Gauge tool, for example, allows you to see the impact that various factors, such as the age of your home, have on your annual premium price. And Allstate’s Digital Locker helps you keep a detailed online inventory of your covered personal possessions, removing the guesswork in the event that you have to file a claim after a loss.

      Best cheap home insurance – Liberty Mutual

      Liberty Mutual is a great choice for Rhode Island residents looking to save on their homeowners insurance policy. The company offers more discount opportunities than many of its competitors, such as price breaks for bundling policies, insuring a new or recently renovated home, and having filed no claims for a certain period of time.

       

      J.D. Power Rating
      3/5
      AM Best Rating
      A
      Standard & Poor’s
      N/A
      SimpleScore
      4.4 / 5.0
      close
      SimpleScore Liberty Mutual 4.4
      Discounts 5
      Coverage Options 4
      Customer Satisfaction 3
      Support 5
      Accessibility 5

      Liberty Mutual also extends special deductions and benefits to customers who belong to one of the more than 14,000 organizations and associations in its affiliate network.

      If your home experiences a loss, Liberty Mutual makes reporting a claim a hassle-free process. You can contact the company by phoning its 24-hour claims hotline, going online, visiting a local office or using its mobile app. Liberty Mutual has solid financial ratings. It has an A rating from A.M. Best and Standard & Poor’s.

      Should your home sustain damage that requires immediate repair, Liberty Mutual offers its Contractor Referral Network, which sets you up with a reputable contractor to perform the maintenance necessary to return your home to livable conditions sooner. This service is offered 24 hours a day, 365 days a year, and the service is guaranteed by Liberty Mutual for one calendar year so you can feel safe and secure.

      Best overall – Amica

      Amica was selected by J.D. Power as “Highest in Overall Satisfaction” among New England homeowners for the fifth consecutive year. Amica Mutual Co offers some of the best homeowners insurance in Rhode Island. Its success at customer satisfaction is also reflected in Amica’s A+ rating from the Better Business Bureau.

      J.D. Power Rating
      5/5
      AM Best Rating
      A
      Standard & Poor’s
      N/A
      SimpleScore
      4 / 5.0
      close
      SimpleScore Amica 4
      Discounts 2
      Coverage 5
      Customer Satisfaction 5
      Support 4
      Accessibility 4

      A standard policy from Amica provides coverage for your dwelling, any additional structures on your property, the cost of temporary repairs to prevent future damage after a covered loss, liability protection, and any increase in living expenses incurred if you’re unable to stay in your home after a loss. This baseline policy can be supplemented with options such as personal property replacement coverage, earthquake and flood protection, and automatic dwelling coverage, which allows you to repair or rebuild your home beyond the limits set on your policy.

      Amica also offers a Platinum Choice home insurance policy, which provides comprehensive coverage with increased liability insurance, extended coverage for business properties, valuables protection and more. All of Amica’s policies are available to you from any point in the world — so you can feel secure traveling or leaving your home for extended periods of time.

      Amica offers premium discounts to customers who bundle multiple policies with the company, opt for higher deductibles, install home monitoring systems and protective devices, opt for automatic billing, remain claims-free, and insure new or recently remodeled homes. Amica provides additional savings to loyal customers of the company. To learn more about coverage and savings options, visit Amica’s website or contact a representative in your area.

      Find the Best Home Insurance in Rhode Island

      Save money on home insurance with our simple comparison tool.

      Matching you with providers.
      We found results in
      Click at least 2-3 companies to find the very best rate.

        America’s top-rated home insurance

        • Policies starting at just $25/month
        • Sign up in seconds, claims paid in minutes
        • Zero hassle, zero paperwork

        How much is homeowners insurance in Rhode Island?

        Homeowners in Rhode Island pay an average of $1,205 annually. That’s about 2 percent less than the national average of $1,228. Your insurance rate will vary from that average based on a range of factors, including the city where you live.

        Rhode Island Rate Factors

        Rhode Island homes are at risk for weather events like high winds from hurricanes and heavy snowfall. Other factors, like the age of your home and the crime rate in your neighborhood, also influence how much you’ll have to pay.

        Methodology

        SimpleScore

        The SimpleScore is a proprietary scoring metric we use to objectively compare products and services at The Simple Dollar.
        For every review, our editorial team:

        • Identifies five measurable aspects to compare across each brand
        • Determines the rating criteria for each aspect score
        • Averages the five aspect scores to produce a single SimpleScore

        Here’s a breakdown of the five aspect scores and their rating criteria for our reviews on home insurance.

        Why do some brands have different SimpleScores on different pages?

        To ensure the SimpleScore is as helpful and accurate as possible, we developed unique criteria for every category we compare at The Simple Dollar. Since most brands offer a variety of financial solutions, their products and services will score differently depending on what we’re scoring on a given page.

        However, it’s also possible for the same product from the same brand to have multiple SimpleScores. For instance, if we compare State Farm’s home insurance according to our criteria for the best home insurance, it scores a 3.8 out of 5. But when we compare State Farm according to the criteria for the best auto insurance, it scores higher, since the features the company offers can vary by the type of insurance.

        Discounts

        We looked at the number of discounts each company offers – more discounts mean a higher score.

        Coverage Options

        We awarded higher scores to the companies that offer more coverage options.

        Support

        We awarded higher scores to companies with the most channels for customer support.

        Customer Satisfaction

        We leveraged the J.D. Power 2019 Home Insurance Satisfaction Study℠ to see how customers rated their experience with each company. (If a company wasn’t included in J.D. Power’s study, we skipped this aspect and averaged the four remaining aspect scores.)

        Accessibility

        We looked at the level of accessibility of each company – the more resources they have the higher their score