Who Has the Cheapest Renters Insurance Quotes in Rhode Island?

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Ryan Friend

September 11, 2019  •  5 min read

The smallest state with quite a bit packed into it, Rhode Island in places seems like it was designed for apartment living, and there is no doubt that many people are planning to stay quite a while in their humble homes. Yet what if outside circumstances put a rain on that parade? What if a rough storm or a fire make your place uninhabitable or destroy some of your possessions? For these problems, we have renters insurance, and we think every renter needs it. We also think its affordable for every apartment, and to prove that we found the cheapest providers.

Here are the five cheapest renters insurance providers operating in Rhode Island:

The Five Cheapest Quotes:

Your apartment and lifestyle will be different from most other people’s, so we ask you to note that the following notes should be considered general notes and not a guarantee of your specific quote or experience.

The number listed next to each provider is the average annual rate for a standard policy.

1) Amica: $173

A company that can provide you with not only the cheapest renters insurance in Rhode Island but an excellent customer service experience as well, Amica excels at maintaining a relationship with its customers and solving your problems. You will also get great coverage for the price and have access to plenty of other specialized policies.

What Amica customers should be concerned about, though, is the fact that customers have complained about a jump in their rate after the first in-service year, sometimes even doubling their annual bill. They also have a relative lack of customization options.

You can expect the following working with Amica:

  • Discounts available to loyal customers, people willing to start an autopay plan, and those looking to bundle policies.
  • Optional coverage offerings including smart device and computer protection, personal property replacement, scheduled personal property, and identity fraud.
  • A very simple claims process.

2) Allstate: $245 

Allstate is one of the main reliable and simple renters insurance providers in the state, able to give you reliable coverage without getting too high in price. And while they have a good set of optional coverages and tools to use, we would like to spotlight their water damage and flooding coverages, which might be especially important for you in Rhode Island.

Yet unlike Amica, Allstate doesn’t have the customer service chops that Amica and the other companies listed here do, which is a major concern given the price jump from the former and the lack of customization options later companies might offer. You also might experience rate hikes in certain areas, so you’ll need to pay attention to your quote.

You can expect the following working with Allstate:

  • A set of effective online tools to work through your questions and problems.
  • Great bundling options if you aren’t interested in GEICO or another company for that purpose.
  • The benefits of working with a stable and solvent company.

3) Liberty Mutual: $264

An all-around choice you can rely on without having to do much extra legwork, Liberty Mutual is much like Allstate in that there will be few things you have to worry about after getting a policy, except that you’ll be getting an even more effective general level of coverage in most cases.

Yet while they’re great with nearly all things renters insurance, they don’t seem to meet that level when it comes to other types of policies, making bundling a potentially hazardous option. You’ll have to weigh the risks and benefits if you’re looking for other plans on top of renters insurance.

You can expect the following working with Liberty Mutual:

  • Excellent, modern online systems and tools, making that experience much easier for customers.
  • Partnerships with many organizations all across the country to provide discounts.
  • A very strong set of coverages for the price.

4) GEICO: $331

A name known to nearly everyone who knows of insurance itself, GEICO is one of the nation’s leading providers of insurance. This plays heavily into one of its main benefits, as it’s probably the best company to look at if you’re hoping to get an excellent bundle on top of a quality all-around level of renters insurance coverage.

What you might not know, however, is that when it comes to renters insurance GEICO may not be underwriting the policy themselves, so you’ll want to be careful and check who you’ll be working with should you be making a claim. You may also have troubles getting quality flood insurance, an important consideration in Rhode Island.

You can expect the following working with GEICO:

  • Discounts available for installing safety and security measures in your apartment.
  • A dedicated staff of professionals ready to help you as needed.
  • The resources and backing of one of the largest and steadiest organizations in the industry, ensuring you will never have to worry about payment or disorganization, no matter the situation.

5) Nationwide: $332

Barely any more expensive than GEICO, Nationwide is a provider that for Rhode Island renters is likely the best choice for customization options, as with them you’ll not only get an excellent level of coverage nearly across the board, but the level of coverage you want. You’ll be able to modify your coverage levels per group of items and further still, you’ll be able to modify your deductible.

The main issues you might have with Nationwide are its low default expensive items coverage, it’s relatively high price and the fact that in certain areas your rate might go up by quite a bit.

You can expect the following working with Nationwide:

  • Coverage that will protect your possessions even if they aren’t inside of your apartment.
  • An optional annual assessment (at no charge) to help you make sure you’re getting the very best policy for your apartment.
  • Optional coverages such as added valuables coverage, theft extension, earthquake protection, water and sewage backup damage coverage, and others.


Rhode Island is, in general, a great place to live, but that doesn’t mean that problems won’t spring up from time to time, especially for renters. When the worst of those problems occur, we hope you have a renters insurance policy to back you up and give you a safety net. It can take an ordeal that would normally take months or even years to recover from and make it a solvable issue that will only inconvenience you for a time. The decision you have to make might be difficult, but we’re confident that with the above information you have everything you need.