Rhode Island home insurance

Every figure below is sourced and dated. Estimates only — not quotes, and not offers of coverage.

Home insurance premium estimator

What homeowners insurance costs in your state, and whether what you pay is out of line.

Is your dwelling coverage actually enough to rebuild — and what a shortfall costs at claim time.

What a higher deductible really saves, how long it takes to pay off, and what a storm deductible actually costs.

Did your renewal go up more than premiums did across your state — and what to do about it.

All six limits on your policy against what the standard form and regulators say to expect — including the liability limit nobody looks at.

Average premium: $2,270/ yr; At $300,000 of dwelling coverage.
Standard deductible: $1,000; Applies to everyday claims.
Storm deductible — separate, and much larger: $6,000(2% of coverage); What you would pay out of pocket on $300,000 of coverage before a storm claim pays anything — not the $1,000 above.
Insurer of last resort: Rhode Island Joint Reinsurance Association (Rhode Island FAIR Plan); RIJRA is Rhode Island's FAIR Plan, created by the General Assembly following the federal Urban Property Protection and Reinsurance Act of 1968. It writes Homeowners, Dwelling Fire, and Commercial Property programs approved by the Rhode Island Division of Insurance for applicants who cannot obtain property insurance in the voluntary market. Its defining feature for a coastal state is that coverage is provided without regard to environmental conditions associated with the property's location - meaning proximity to the shore cannot by itself disqualify an applicant, which is exactly the exposure private carriers are pulling back from. Applicants must still meet ordinary underwriting standards for the condition of the property. The minimum limit of liability is $100,000; a third-party survey puts the maximum dwelling limit around $1 million, and RIJRA filed a homeowners program rate revision effective September 15, 2025.