Homeowners insurance in Rhode Island: premium by ZIP code
Rhode Island's median ZIP code paid $2,001 per policy in 2022, ranked 9 of 51; Block Island's 02807 paid $6,857.
Independent site, not an insurer or a broker. Treasury figures cover 2018 to 2022 only.
Premium per policy in 2022, Rhode Island (median ZIP code)
$2,001
Average paid per HO-3 or HO-5 policy, inflation-adjusted as published by the Treasury. At September 2026 prices: about $2,665.
| Change from 2018 to 2022, after inflation | +3.8% |
| Premium per policy in 2018 | $1,928 |
| Premium per policy in 2022 | $2,001 |
| 2022 premium carried to September 2026 (BLS index) | $2,665 |
| Policies not renewed by the insurer, 2022 | 1.15% |
| Claims paid per 100 policies, yearly average | 5.4 |
| Average claim paid, 2018 to 2022 (adjusted) | $13,809 |
| Cancelled for nonpayment, 2022 | 0.84% |
Treasury data stop in 2022. The September 2026 figure applies the national BLS price index to the 2022 value, read as 2022 dollars: an estimate, not a quote.
Compiled by Radif Partners · Where the numbers come from · 74 ZIP codes in 5 counties of Rhode Island in the Treasury file · not a quote
Rhode Island is a dear state for homeowners insurance in the Treasury file: its 74 ZIP codes had a median of $2,001 per policy in 2022, ranked 9 of 51 and well above the national $1,551, after a rise of +6.2% after inflation. Even the cheapest tenth of ZIP codes paid over $1,740. With some 400 miles of coastline for a small state, much of the population lives close to the water. Providence County paid $1,945; Newport County $2,823; Washington County, South County, $2,096, with its ZIP 02807, Block Island, at $6,857. One year stands out in renewals: the median nonrenewal rate jumped to 2.89% in 2019, against 0.81% the year before, then fell back to 1.15% in 2022. The Rhode Island FAIR Plan writes a wide range of forms for homes declined elsewhere. The data stop in 2022.
Providence and Kent counties
Providence County had 37 ZIP codes in the file and a median of $1,945 in 2022, up +6.2% after inflation. Kent County, Warwick and the bay towns, paid $1,921. The cheapest ZIP codes were 02833 in Washington County and 02861 in Providence County, at $1,618 and $1,641, still above the national median. Narragansett Bay brings coastal exposure into the middle of the state, and many policies within a few miles of the water carry a percentage hurricane deductible.
Newport, South County and Block Island
Newport County paid $2,823, after a rise of +8.2%, the fastest of the four counties; its ZIP 02840, Newport itself, paid $4,801. Washington County paid $2,096, and Block Island $6,857. The 1938 hurricane and Carol in 1954 remain the reference storms here, and insurers price the shore with them in mind. A flood policy is separate from the homeowners policy and matters as much as the wind deductible in the low-lying parts of these towns, since storm surge is flood and not wind.
A Rhode Island shore house: hurricane deductible
Example, not your result yet· change a figure to see yours
The insurer would pay
$9,500
| Full percentage deductible | $16,500 |
| Paid with the flat deductible instead | $25,000 |
| Extra you carry because of the percentage | $15,500 |
| 2% of this dwelling limit | $11,000 |
The 2019 jump in nonrenewals
Rhode Island's median nonrenewal rate went 0.81%, 2.89%, 0.85%, 0.76%, 1.15% from 2018 to 2022. A one-year jump of that size in a small state, then a return to normal, usually means one insurer ended a block of policies. The file does not say which. The paid loss ratio stayed between 27% and 37%, and paid claims ran at 5.4 per 100 policies a year, highest in 2018.
The FAIR Plan
The Rhode Island FAIR Plan writes dwelling fire and a range of homeowners forms up to HO-5, broader than most FAIR plans, and many shore homes are insured there. Its policies are outside the Treasury file. The Rhode Island Department of Business Regulation, Insurance Division reviews rates and complaints. The FAIR plan page compares the plans state by state.
Rhode Island, year by year
| Year | Rhode Island median ZIP | National median ZIP | Nonrenewal rate | Claims per 100 policies | Paid loss ratio |
|---|---|---|---|---|---|
| 2018 | $1,928 | $1,445 | 0.81% | 6.9 | 37% |
| 2019 | $1,954 | $1,469 | 2.89% | 4.4 | 29% |
| 2020 | $1,982 | $1,491 | 0.85% | 5.4 | 27% |
| 2021 | $1,985 | $1,521 | 0.76% | 5.9 | 33% |
| 2022 | $2,001 | $1,551 | 1.15% | 4.6 | 35% |
The Rhode Island counties with the most ZIP codes in the file
| County | ZIP codes | Median 2018 | Median 2022 | Change | Nonrenewal 2022 | Average claim |
|---|---|---|---|---|---|---|
| Providence County | 37 | $1,771 | $1,945 | +6.2% | 1.35% | $12,915 |
| Washington County | 19 | $1,990 | $2,096 | +5.7% | 0.81% | $14,277 |
| Kent County | 8 | $1,824 | $1,921 | +6.3% | 1.18% | $13,264 |
| Newport County | 7 | $2,592 | $2,823 | +8.2% | 0.67% | $16,760 |
| Bristol County | 3 | $2,139 | $2,279 | +4.1% | 0.93% | $13,522 |
Highest and lowest premiums per policy, Rhode Island ZIP codes, 2022
| ZIP code | County | Premium per policy | Change since 2018 | Nonrenewal 2022 |
|---|---|---|---|---|
| 02807 | Washington County | $6,857 | +16.7% | 1.75% |
| 02840 | Newport County | $4,801 | +8.4% | 0.67% |
| 02837 | Newport County | $4,581 | +1.7% | 0.58% |
| 02835 | Newport County | $4,280 | +2.9% | 0.54% |
| 02906 | Providence County | $3,242 | -2.2% | 0.80% |
| 02833 | Washington County | $1,618 | +7.2% | 0.44% |
| 02861 | Providence County | $1,641 | +5.2% | 1.35% |
| 02824 | Providence County | $1,675 | +1.0% | 2.74% |
| 02914 | Providence County | $1,690 | +4.0% | 1.90% |
| 02859 | Providence County | $1,709 | +8.2% | 1.27% |