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Home Insurance and Car Insurance in Rhode Island
Buying your first home or car is an exciting prospect, but there’s one part of the process you may not have remembered: buying home or auto insurance.
Purchasing an insurance policy to protect your investment is a big decision, and it’s one that may feel more complicated than you expect. If you’ve never purchased an insurance policy for your home or car before, you might have questions about coverage limits, deductibles, and what you’re legally obligated to buy.
If you already have an existing home or car insurance policy, you may be wondering if it’s possible to save money on your coverage by switching to a new carrier. In many cases, the answer is yes. And the savings can only increase if you bundle that coverage together.
At SelectQuote, we help our customers shop and save for home and car insurance, whether they’re first-time buyers or simply looking for a better deal. We compare rates from several insurance companies at once to find you the best possible bundled rate for your needs.
Homeowners Insurance in Rhode Island
Homeowners insurance may not be a legal requirement for Rhode Island residents, but it’s one of the most important purchases you can make for your home. A home insurance policy helps cover your dwelling and personal property in the event of a covered loss, such as a fire, theft, or other kinds of damage. Generally speaking, all mortgage companies will require a home insurance policy as a condition for extending a loan.
Most home insurance policies come in one of two varieties: replacement cost or actual cash value. Before you buy your policy, ensure you understand which of these policy types you have. The differences are important:
- Replacement cost policies will pay the cost to repair or replace damaged property without deducting an amount for depreciation or increased labor and materials costs.
- Actual cash value policies pay the depreciated cost to repair or replace the damaged property up to your policy’s coverage limit.
All home insurance policies are subject to a deductible, which is the amount you must pay before your policy kicks in. Before filing a claim, you should always remain aware of your deductible amount as well as what your policy does and doesn’t cover.
Homeowners Insurance Coverage Options in Rhode Island
Most Rhode Island home insurance policies include the following types of insurance coverage. If you have a question about whether or not something is covered under your policy, carefully read your declarations page or ask your agent for help.
- Dwelling coverage is a standard policy that covers your home’s actual physical structure, including any attached garages.
- Other structures coverage protects detached structures, such as pole barns or sheds.
- Personal property coverage works to cover household belongings. If it’s inside or outside your home, it’s covered.
- Loss of use coverage helps pay the costs of a hotel stay or other lodging if your house is rendered uninhabitable by a covered loss.
- Guest medical protection coverage pays for medical bills for those who are injured on your property, regardless of who was at fault.
Common Causes of Loss in Rhode Island
Rhode Island’s coastal location opens many of its residents up to damage from heavy wind storms and hurricanes, but those aren’t the only causes of loss in the Ocean State. Other common claims reasons include:
- Fire and lightning damage
- Theft
- Water damage
- Property damage
Additional Coverage Options Recommended for Rhode Island Homeowners
Carefully read your Rhode Island home insurance policy for coverage gaps or exclusions. Depending on your location, you may need (or want) to buy specific coverage that costs more than a standard policy. Some additional coverage types you may consider purchasing include:
- Flood insurance coverage: Most homeowners policies do not include flood insurance, but that doesn’t mean you don’t need it. Purchasing additional flood insurance, either through your current carrier or through FEMA’s National Flood Insurance Program (NFIP) options, can help protect you from costly damage due to flooding
- Wind and hail coverage: Wind and hail coverage can help protect your home in the event of heavy wind storms, like tornadoes, and can also offset costs related to hail damage.
- Water backup coverage: This coverage can pay for any losses you incur due to backed-up drains or sewer lines.
- Seepage and leakage coverage: This coverage helps pay for damage due to slow leaks or seepage from foundation cracks.
Our Home Insurance Companies in Rhode Island
SelectQuote works with highly rated home and auto insurance companies in Rhode Island and other states. Our partner carriers are trusted to deliver excellent customer service, financial stability, and affordable coverage options that can help protect your property after a loss.
What is the average home insurance cost in Rhode Island?
SelectQuote customers in Rhode Island pay an average monthly premium of $118.98.+ Your own homeowner's coverage rates will differ based on many factors, including the age and condition of your home, your deductible, coverage limits, location, credit score, claims history, and any applicable discounts.
Homeowners Insurance Discounts in Rhode Island
Rhode Island homeowners have plenty of options for discounts on their home insurance coverage. You may be eligible for significant savings because of the following:
- New home discounts
- Profession-based discounts
- Home security system and anti-theft discounts
- Customer loyalty discounts
- Bundled coverage discounts
Bundle Your Home and Auto Insurance to Save Money
Bundling your home and auto insurance is one of the best discounts you can possibly get, especially when you shop with SelectQuote. We’ll shop bundled prices from the leading Rhode Island insurance companies and find you the most affordable rate possible. Bundle your home and car insurance today and save hundreds of dollars.
Average Home and Auto Insurance Rates in Rhode Island
The table below lists actual monthly home and auto insurance rates paid by real SelectQuote customers in Rhode Island. Your own monthly rate will bundle based on several factors, but notice how much you can save when bundling coverage together!
| Avg. Monthly Home Insurance Rate | Avg. Monthly Auto Insurance Rate | Avg. Monthly Rate of Bundled Policies |
| $118.98 | $149.14 | $174.62 |
Average monthly rates are from effective SelectQuote customer policies between 4/1/2022 and 3/31/2023.
Auto Insurance in Rhode Island
Rhode Island might be a small state, but that doesn’t mean there’s a shortage of vehicles or drivers. And like all other states, those drivers need auto insurance to help protect them in the event of a car accident. Car insurance coverage can help you cover the cost of vehicle repairs or replacement and protect you from financial liability in the event of a collision if you’re at fault. Let’s walk through the basics of Rhode Island car insurance, including legal requirements and other concerns.
Rhode Island Auto Insurance Laws and Requirements
Rhode Island, like most states, requires drivers to have specific car insurance in the event they cause a car accident that results in injury or property damage. But it’s not the only kind of car insurance you can purchase in the state. Listed below are common types of auto insurance coverage.
- Liability insurance pays for damages you cause in an accident where you’re at fault. It can also pay for medical bills incurred by the other driver or their passengers. Rhode Island requires all drivers to have $25,000 of bodily injury coverage per person in any one accident and a maximum of $50,000 per two or more people. You must also carry $25,000 worth of property damage liability insurance. Many people purchase more than the minimum legal coverage.
- Uninsured/underinsured motorist coverage is not a requirement in Rhode Island, but every carrier must offer it. It helps pay for injuries or damages to you or your vehicle if you’re involved in an accident with someone who isn’t adequately insured.
- Personal injury protection insurance pays for costs related to the death or injury of passengers in your car in the event of an accident.
- Collision coverage pays for damages to your vehicle that are caused by a collision with another vehicle or object. If you’re leasing or financing a vehicle, your lender typically requires this coverage.
- Comprehensive coverage pays for repairs or replacement of your vehicle if it’s damaged due to events that aren’t covered by collision coverage. This includes damages caused by theft, vandalism, fire, natural disasters, falling objects, animals, and riots. It can also help pay for glass damage. Most lenders require it as a condition of vehicle financing.
- Gap insurance pays the difference between what your car is currently worth and what you currently owe. It’s often a requirement for leasing or financing a vehicle.
| Types of Coverage | Minimum State Requires |
| Bodily Injury Liability | $25,000 per person, $50,000 per accident |
| Property Damage Liability | $25,000 per accident |
| Uninsured Motorist | Not required |
| Underinsured Motorist | Not required |
| Personal Injury Protection | Not required |
| Collision | Not required |
| Comprehensive | Not required |
| Gap Insurance | Not required |
Rhode Island Teen Driving Laws
All Rhode Island drivers between the ages of 16 and 18 are issued a limited instruction permit that allows them to drive. This Graduated License allows them to safely develop their driving skills under the supervision of a parent or legal guardian. This limited license requires them to follow several rules, including a limit on the number of passengers in the vehicle. In addition, mobile phone use is not permitted at any time.
Rhode Island Car Registration Information
Rhode Island requires the original title for your vehicle at the time of your registration transaction. You’ll also be required to complete the application for registration and include several documents, including proof of your identity and active Rhode Island insurance information.
What is the average car insurance cost in Rhode Island?
SelectQuote customers in Rhode Island can expect to pay an average monthly premium of $149.14 for their car insurance.+ However, your own coverage costs will vary based on several factors. This includes the make and model of your vehicle, its mileage, your own driving history, annual usage, other insured drivers, and where you live. You may be eligible for discounts depending on how safely you drive, how long you’ve been a customer, and whether or not you bundle your coverage with another policy.
Our Auto Insurance Companies in Rhode Island
SelectQuote works with highly rated car insurance companies in Rhode Island and other states to help find you affordable coverage. Our partner carriers deliver trusted coverage, excellent customer service, and financial stability.
Home and Auto Insurance Frequently Asked Questions
Shopping for home and auto insurance coverage brings up many questions. We’ve listed some of the most frequently asked questions about home and car insurance in Rhode Island below.
How much does it cost to register a car in Rhode Island?
How much you pay to register your vehicle in Rhode Island depends on its weight and type. The base fee weighs your vehicle and adds $2.50 and $15.00 in Department of Transportation surcharges each year, prorated by the date.
Do I need renters insurance in Rhode Island?
Rhode Island does not legally require renters to purchase renters insurance, but most apartment communities and landlords will require it as a condition of your lease. Renters insurance does not cover the structure of your dwelling—your landlord insures that. Instead, renters insurance covers your personal property, which is often specifically not covered by your landlord’s insurance policy. Renters insurance is incredibly affordable and provides huge benefits and peace of mind.
Do I need mobile home insurance in Rhode Island?
While Rhode Island law doesn’t require mobile home insurance, it’s often necessary for you to purchase it as a condition of your home loan or residence at a mobile home park. Mobile home insurance typically provides much of the same coverage as traditional home insurance. It simply involves a different risk pool because mobile homes are at advanced risk of wind damage, fire damage, and other kinds of losses due to their construction.
Do you need car insurance in Rhode Island?
Car insurance is a requirement to operate a motor vehicle in Rhode Island. You must carry proof of insurance with you while driving, and failure to do so can lead to massive penalties. Rhode Island coverage amounts are 25/50/25, referring respectively to the coverage limit amounts of bodily injury per person, bodily injury for multiple people, and property damage.
SelectQuote Can Shop Rhode Island Home or Auto Insurance to Save You Time and Money
Whether it’s your first time shopping for home and auto insurance coverage or because you want to save money by bundling your policies, SelectQuote can help you find affordable coverage that meets your unique budget and insurance needs. Our process saves you time and money by comparing rates and discounts from dozens of trusted insurers at once.
+Average rates calculated are based on effective SelectQuote customer policies in Rhode Island between 4/1/2022 and 3/31/2023. Rates will vary based on level of coverage, location, age, and additional determining factors.
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