How to get affordable renters in Rhode Island
Renters insurance is an optional but important insurance coverage. It keeps your stuff safe in the event your rental property suffers damage from a common incident. Renters insurance defends items in the event of fire or smoke damage, a wind storm, vandalism or theft and a collection of other common misfortunes.
Unlike auto insurance, renters insurance isn't priced based on state laws. That said, there are surprisingly large gaps in renters pricing by state. Renters insurance prices by state may differ depending on the frequency of — and value of — renters claims lodged in the state, and depend on the value of the belongings you're insuring.
Renters insurance in Rhode Island is pricier than the national average. The typical annual renters insurance rate in Rhode Island is $310, $126 more expensive than the national average.
The best way to find an affordable renters insurance policy in Rhode Island is to view prices from as many insurance companies as possible. Get an idea of how much renters insurance costs in Rhode Island via the below breakdown. Individual rates may vary depending on coverage options and the value of the items insured.
Jump to:
- Rates by company
- Rates by city
- Rates by coverage level
- Bundling discounts
- Frequently asked questions
Renters insurance prices in Rhode Island by company
Renters insurance prices in Rhode Island will vary depending on the insurance company you use. State Farm underwrites the most affordable renters insurance in Rhode Island — $116 annually. This compares favorably to Rhode Island's average price of $310, providing a 63% discount on average policy costs statewide.
Start searching for a renters insurance policy by viewing average rates from top Rhode Island carriers, detailed below.
AFFORDABLE RENTERS INSURANCE COMPANIES IN RHODE ISLAND
| Company | Average Annual Rate in Rhode Island |
| State Farm | $116 |
| Providence Mutual | $125 |
| Amica | $126 |
| Narragansett Bay | $154 |
| Allstate | $169 |
Rhode Island renters insurance costs by city
Not all Rhode Island cities have equal renters insurance rates. Pricing may depend on local variables such as the number of claims filed nearby, giving your ZIP code weight in deciding how much you pay.
The most affordable renters insurance in Rhode Island is found in Pascoag. A typical renters insurance term in Pascoag totals just $306 every 12 months — $4 less than the average policy in other Rhode Island cities. The below cities have the most affordable renters insurance in Rhode Island.
CHEAPEST CITIES FOR RENTERS INSURANCE IN RHODE ISLAND
| City | Average Annual Renters Insurance Rate |
| Pascoag | $306 |
| Chepachet | $306 |
| Harrisville | $306 |
| Harmony | $306 |
| Woonsocket | $306 |
Renters insurance in RI by coverage tier
Your renters insurance rates will vary depending on your coverage levels. Common renters insurance tiers are $25,000 and $50,000 property coverage. In Rhode Island, the average annual cost difference between these tiers is approximately $87. If you can afford to insure your personal property at this additional expense, purchasing more coverage might not be a bad idea.
| Coverage Level | Average Annual Renters Insurance Rate in Rhode Island |
| $25K Property | $266 |
| $50K Property | $354 |
Tip: bundle auto and renters insurance in Rhode Island
If you're trying to save on insurance, consider purchasing both your car and renters insurance policies from one company. Bundling renters and auto insurance in Rhode Island can save you a substantial sum each month on car insurance. Bundling policies in Rhode Island leads to a yearly savings of $116.
CAR AND RENTERS BUNDLING DISCOUNTS IN RHODE ISLAND
| Avg. Annual Rate (No Bundle) | Avg. Annual Rate (w/ Bundle) | Annual Savings ($) | Annual Savings (%) |
| $2,110 | $1,995 | $116 | 6% |
Rhode Island renters insurance FAQs
Is renters insurance required in Rhode Island?
Rhode Island landlords can require you to carry renters insurance as a part of your rental agreement. This will protect not only any accidental damage you cause to the property, but will also cover your personal possessions in the event of a loss.
What does Rhode Island renters insurance cover?
In Rhode Island, renters insurance will replace personal belongings should they be destroyed, lost, or stolen. Most policies will also provide liability coverage, medical payments to others, and will cover temporary housing costs should your home be uninhabitable.
About The Zebra
The Zebra is not an insurance company. We publish data-backed, expert-reviewed resources to help consumers make more informed insurance decisions.
- The Zebra’s insurance content is written and reviewed for accuracy by licensed insurance agents.
- The Zebra’s insurance editorial content is not subject to review or alteration by insurance companies or partners.
- The Zebra’s editorial team operates independently of the company’s partnerships and commercialization interests, publishing unbiased information for consumer benefit.
- The auto insurance rates published on The Zebra’s pages are based on a comprehensive analysis of car insurance pricing data, evaluating more than 83 million insurance rates from across the United States.