The Best Cheap Renters Insurance in Rhode Island (2025)
Lemonade has the best renters insurance in Rhode Island, with an average rate of $10 per month.
Compare Cheap Renters Insurance Quotes in Rhode Island
Best Cheap Renters Insurance in Rhode Island
To find the best and cheapest renters insurance in Rhode Island, ValuePenguin gathered 100 quotes from five of the biggest renters insurance companies in the state. The quotes are from 26 of the largest cities in Rhode Island. Our insurance experts reviewed prices, coverage options and customer service to rank the companies.
See our full methodology.
Cheapest renters insurance companies in Rhode Island
Lemonade has the cheapest renters insurance prices in Rhode Island, with an average rate of $10 per month.
That's much lower than the state average of $19 per month. Lemonade also has good coverage options and customer satisfaction.
Compare Cheap Renters Insurance Quotes in Rhode Island
Amica is the best company if you want excellent customer service. And Progressive has high average rates, but it also has lots of discounts to help you save.
Cheapest renters insurance companies in Rhode Island
Company | Monthly cost | ||
|---|---|---|---|
| Lemonade | $10 | |
| Amica | $15 | |
| Allstate | $18 | |
| Assurant | $27 | |
| Progressive | $29 | |
Best renters insurance for most people: Lemonade
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Editor's rating
- Cost: $10/mo
Lemonade has the cheapest rates for renters insurance in Rhode Island.
Pros:
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Cheapest rates in Rhode Island
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Good online tools
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Good customer satisfaction
Cons:
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No in-person agents
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Few discounts
Lemonade is the best option for most renters in Rhode Island. Lemonade has cheap rates, with policies costing just $10 per month, on average. Customers are also usually happy with their Lemonade policies.
Lemonade doesn't have any in-person agents. You can only buy a policy online. If you need to make a change, pay a bill or file a claim, you can do that online or by calling Lemonade directly.
Lemonade doesn't have many discounts. Because its rates are so cheap, this might not matter to you. But it can be a good idea to check your rate with a company that has lots of discounts, like Progressive. If you can get a few of the discounts, you might get an even cheaper rate overall.
Best renters insurance for customer service: Amica
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Editor's rating
- Cost: $15/mo
Amica has some of the best renters insurance customer service.
Pros:
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Excellent customer service
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Cheaper-than-average rates
Cons:
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Few local agencies
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Limited coverage options
Amica has highly rated customer service for Rhode Island renters. Good service matters when you need to make a claim or have an issue, so you can get back to normal more quickly.
Amica also has cheap rates for renters insurance in RI. At $15 per month, on average, Amica is cheaper than the state average but isn't the cheapest company in the state.
But Amica only has a few offices in Rhode Island, and only in Providence. If you want to work with a local agent, it might not be the best option. You also don't have as many coverage options with Amica as you would with some other companies.
Best renters insurance discounts: Progressive
-
Editor's rating
- Cost: $29/mo
Progressive offers lots of discounts to help you get a cheaper rate.
Pros:
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Lots of discounts
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Good extra coverage
Cons:
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High average rates
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Poor customer service
Progressive is a good option if you want a policy that lets you add lots of discounts. You could save by bundling your car and renters insurance, especially because Progressive has cheap car insurance in Rhode Island.
You can also save by getting a quote before you need your policy to start, living in a gated community, getting your bills emailed to you or paying your yearly renters insurance rate in full.
Progressive also has good coverage options that let you build a policy to your needs. You might want to add identity theft coverage, which helps pay to restore your identity after it's stolen. You can also add extra coverage for expensive items like jewelry and for items damaged by mold.
And Progressive policies always have replacement cost coverage, which pays you the full replacement value for your damaged stuff rather than what it's worth.
But Progressive doesn't have good customer service. And Progressive's average rates are high, although you might be able to save with its discounts. Amica and Lemonade are better options for service and cheap rates.
Rhode Island renters insurance costs by city
Central Falls, a northeast Providence suburb, has the cheapest renters insurance among Rhode Island's larger towns. A policy there costs an average of $17 per month.
Westerly, in the southwest corner of Rhode Island, has the most expensive renters insurance rates in the state's larger towns and cities, at $24 per month, on average.
City | Monthly rate | % from average |
|---|---|---|
| Barrington | $17 | -10% |
| Bristol | $19 | 0% |
| Central Falls | $17 | -13% |
| Coventry | $21 | 10% |
| Cranston | $20 | 3% |
How to get the best renters insurance in Rhode Island
To get the best renters insurance for you, think about how much your stuff is worth and how much you can afford to spend each month.
Decide how much coverage you need. You can make an inventory of your stuff and estimate how much it would cost to replace each thing. That will help you decide how much personal property coverage you need. Your landlord will also probably require you to have at least $100,000 in liability coverage.
Figure out your budget. Renters insurance is usually cheap. But knowing how much you can afford to spend each month lets you make a smarter choice when you're picking a company and coverage options.
Get multiple quotes. Getting quotes from several different companies lets you compare rates, coverage options and discounts so you can find the best policy for you. You should also compare each company's customer service so you know how well you'll be taken care of, especially if you file a claim.
Ask about discounts. Discounts can help you lower your monthly rate. You can often save by bundling your car and renters insurance with one company, paying your yearly renters insurance rate in full, and getting your bills and statements emailed to you.
What kind of renters insurance coverage do I need in Rhode Island?
If you live in Rhode Island, you're probably used to the heavy wind and flooding that can occur in the state. Making sure you have the right coverage on your renters insurance policy can help you protect your stuff from damage.
Does renters insurance in Rhode Island cover hurricanes?
Renters insurance covers damage caused by wind and rain during hurricanes, but not flooding.
Although you don't own the apartment or home you rent, hurricanes can still damage your stuff. High winds might damage your building and let in rain, for example, and that can damage furniture, clothing and electronics.
Does Rhode Island renters insurance cover floods?
Renters insurance does not cover flood damage.
Some companies offer flood insurance coverage on renters policies for an extra fee, but you usually need to have a separate flood insurance policy. If you live in a rented home or on the ground floor of an apartment building, it's worth it to get a quote for flood insurance.
Rhode Island renters insurance trends
Renters insurance prices have gone up 5.8% in Rhode Island over the last six years.
Rhode Island renters insurance rates went up between 0.2 and 52.9%, among companies that raised rates over the last six years, with an overall increase of 5.8%. Only two companies, Andover and USAA, saw decreases.
Renters insurance prices, on average, decreased in 2020 and 2022, but then saw a slight uptick of 4.3% from 202 to 2024.
Among the major RI insurers, the biggest increases have been at Vermont Mutual (52.9%), Nationwide (18.0%) and American Family Insurance (12.8%).
Renters insurance rate change data was compiled using RateWatch from S&P Global, which uses information from the National Association of Insurance Commissioners (NAIC).
Frequently asked questions
Who has the best renters insurance in Rhode Island?
Lemonade is the best renters insurance company in Rhode Island for most people. A policy costs $10 per month, on average, and Lemonade has good customer service.
How much is renters insurance in Rhode Island?
The average cost of renters insurance in Rhode Island is $19 per month for a policy with $30,000 in personal property coverage. Your rate depends on how much coverage you need, where you live, your insurance history and more.
Is renters insurance required in Rhode Island?
Rhode Island doesn't require renters to have insurance by law. But most landlords and property managers require you to buy a renters insurance policy as part of your lease agreement.
Methodology
ValuePenguin gathered renters insurance quotes from five major insurance companies in 26 of the largest cities in Rhode Island. The rates are for a 30-year-old unmarried woman who has no insurance claims and the following coverage:
- Personal property: $30,000
- Loss of use: $9,000
- Liability: $100,000
- Medical payments: $1,000
- Deductible: $500
Renters insurance rates depend on where you live, your age, how much coverage you need, your insurance claim history and more. Your rates will likely be different from the numbers in this article.
Our experts chose the best companies based on a review of costs, customer satisfaction and coverage offerings. The rankings include data from the National Association of Insurance Commissioners (NAIC), J.D. Power and ValuePenguin's editors' ratings.
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.