Rhode Island homeowners insurance cost
Northeast region · NAIC 2022 HO-3 average · rank #6 of 51
The average annual homeowners insurance premium in Rhode Island is about $2,074 for the standard HO-3 policy form (NAIC 2022 data, the latest available) — about 32% above the national average of $1,569. Rhode Island ranks #6 of 51 states and DC (1 = most expensive), making it high on home-insurance cost, above the national average. The main local cost drivers are coastal hurricane exposure, high coastal wind risk, high home values. This is a countrywide average, not a quote for your home.
Source: NAIC Homeowners Insurance Report (2022 data, latest available). Data as of June 2026.
Rhode Island home insurance at a glance
| Figure | Rhode Island |
|---|---|
| Average annual HO-3 premium | $2,074 |
| National average (HO-3) | $1,569 |
| vs national average | 32% (about 32% above the national average) |
| State rank (1 = most expensive of 51) | #6 |
| Cost band | High (above the national average) |
| Region | Northeast |
Source: NAIC Homeowners Insurance Report (2022 data, latest available). Data as of June 2026.
What drives home insurance cost in Rhode Island
A homeowners premium mostly reflects how likely and how expensive a claim is. In Rhode Island, the main factors behind the $2,074 average are:
- coastal hurricane exposure
- high coastal wind risk
- high home values
On top of these location factors, your own premium swings with your home's rebuilding cost (Coverage A), roof age and material, deductible, claims history and, in most states, your insurance credit score. See our premium drivers guide for how each one moves the price.
Estimated Rhode Island premium by dwelling coverage
A rough idea of how the Rhode Island average scales with the amount of dwelling (Coverage A) you carry. These are illustrative estimates from the state average scaled by a coverage factor — not quotes.
| Dwelling coverage (Coverage A) | Estimated annual premium |
|---|---|
| $200,000 to $299,999 | $2,074 |
| $300,000 to $399,999 | $2,655 |
| $400,000 to $499,999 | $3,235 |
| $500,000 and over | $4,148 |
Source: Estimated from the NAIC 2022 Rhode Island average and a coverage-scaling factor. Data as of June 2026.
For a tailored figure use the premium estimator. The scaling factors are an approximation documented on the methodology page, not published NAIC band data.
How Rhode Island compares with similar states
| State | Avg HO-3 / yr | vs national |
|---|---|---|
| Rhode Island (this state) | $2,074 | 32% |
| Colorado | $2,079 | 33% |
| Mississippi | $1,907 | 22% |
| Oklahoma | $2,268 | 45% |
| Massachusetts | $1,871 | 19% |
| Nebraska | $1,869 | 19% |
Frequently asked questions
How much is homeowners insurance in Rhode Island?
The average annual homeowners (HO-3) premium in Rhode Island is about $2,074, about 32% above the national average of $1,569 (NAIC 2022 data, the latest available). It ranks #6 of 51 states and DC, where 1 is the most expensive. This is a countrywide average, not a quote for your home.
Why is home insurance expensive in Rhode Island?
Rhode Island's premiums are shaped mainly by coastal hurricane exposure, high coastal wind risk, high home values. Catastrophe exposure (wind, hail, wildfire), rebuilding costs and claims history are the biggest levers on a homeowners premium. Rhode Island is high versus the national average, above the national average.
Is Rhode Island home insurance going up?
Yes, like most of the country. NAIC's latest report shows the national HO-3 average rose about 11.26% in 2022 year-over-year, driven by reconstruction-cost inflation and rising catastrophe losses. 2022 is the latest published data year, so current Rhode Island premiums are likely higher than the figure shown. Verify with insurers.
Is the $2,074 figure a quote?
No. $2,074 is the NAIC 2022 countrywide average HO-3 premium for Rhode Island - an average across all homes and insurers, not a quote for your property. Your actual premium depends on your home's value, age, construction, roof, deductible, claims history, credit and insurer. Always get real quotes.
Keep exploring
YMYL note. The $2,074 figure is the NAIC 2022 countrywide average for Rhode Island - general information, not a quote. Homeowners insurance protects one of your largest assets; actual premiums vary widely by home and insurer. Always get real quotes from licensed insurers and verify coverage with your state insurance department.
Last updated: 2026-06-20