Providence Insurance Rates:

Providence, RI home insurance is roughly $915 to $1,241, about $76-$103/month. Our comprehensive analysis reveals consumers can save as much as $431 by getting many quotes

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Providence Home Owner Insurance Quotes | Write a Review | Rates & Quotes Analysis
GEICO Insurance
Home Insurance Rate of $1620/12 months for $350000-$400000 Coverage
Policy Holder Home Details :

Home Value : $335,000

4 Beds, 4 Bath 2550 sqft Primary Residence Constructed In 1944 with Carpet Flooring, Membrane Roof, Chainwall Foundation, Wood siding, Metal Frame Construction. Home Features Include Deadbolt Locks, Smoke Alarm, Indoor Sprinklers, Fire Extinguisher, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

46 Years old Married Male who is Unemployed with household income of less than $25,000 and has More than 3 Pets at home and is a Non-Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 650-699 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $610/5 months for $200000-$250000 Coverage
Policy Holder Home Details :

Home Value : $205,000

3 Beds, 3 Baths 2060 sqft Rental Property Constructed In 1949 with Hardwood Flooring, Tile Roof, Crawl Space Foundation, Wood siding, Brick Frame. Home Features Include Deadbolt Locks, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

40 Years old Married Male who has a Part Time Job with household income of $25-50,000 and has No Pets and is a Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 700-749 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $2220/12 months for $250000-$300000 Coverage
Policy Holder Home Details :

Home Value : $290,000

4 Beds, 4 Baths 2300 sqft Primary Residence Constructed In 1948 with Carpet over wood flooring, Slate Shingles Roof, Slab Foundation, Vinyl siding, Metal Frame Construction. Home Features Include Smoke Alarm, Swimming Pool, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

56 Years old Divorced Female who has a Full Time Job with household income of $75-$100,000 and has More than 3 Pets at home and is a Non-Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 750-799 Credit Score

Home Insurance Rate of $710/7 months for $250000-$300000 Coverage
Policy Holder Home Details :

Home Value : $260,000

3 Beds, 3 Baths 2350 sqft Vacation Property Constructed In 1946 with Stone Flooring, Slate Shingles Roof, Crawl Space Foundation, Stucco siding, Wood Frame. Home Features Include Deadbolt Locks, Copper Water Pipes, Central Air Conditioning, Swimming Pool, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

46 Years old Divorced Female who is Unemployed with household income of less than $25,000 and has 2 Pets and is a Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 500-549 Credit Score

Home Insurance Rate of $1060/8 months for $125,000-$150,000 Coverage
Policy Holder Home Details :

Home Value : $155,000

3 Beds, 3 Baths 1549 sqft Rental Property Constructed In 1931 with Stone Flooring, Asphalt Shingles Roof, Chainwall Foundation, Stucco siding, Metal Frame Construction. Home Features Include Copper Water Pipes, Fire Extinguisher, Indoor Sprinklers, Fireplace, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

62 Years old Divorced Male who is Retired and has No Pets and is a Non-Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 700-749 Credit Score

  • Seniors staying at home

Providence Rates & Quotes Analysis:

Providence Area Estimated House Insurance
Stamford Ave, Michigan Ave, Falconer St, Wade St, Westmore St, Milk St, Marshall St, Home Ave, Hillard St, Sutton St$1,048
Marlborough Ave, Albro St, Doane Ave, Oldham St, Legion Memorial Dr, Prairie Ave, Canonchet St, Stone St, Ruskin St, Hart St$1,044
King Philip St, Huntington Ave, Dearborn St, Keene St, Morgan St, Keene St, Ruthven St, Harmony Dr, Nashua St, Montgomery Ave$1,260
Taber Ave, Exeter St, Johnson St, Sabin St, S Water St, W Friendship St, Kossuth St, Freeman Pkwy, Eastwood Ave, Longo St$1,228
Jastram St, Braman St, Firglade Ave, Fruit Hill Ave, Young Ave, Manton Ave, Suffolk St, Warren St, 9th St, Perkins St$1,114
Loveday St, Stadium Rd, Rankin Ave, Peter St, Sinclair Ave, Lakeview Dr, Meader St, Wingate Rd, Ontario St, Pembroke Ave$1,077
Augusta St, Parkside Rd, Hendrick St, Sharon St, Lubec St, Nellie St, Kane St, Horace St, Wiley St, Crary St$1,058
Clarendon Ave, Alvin St, Winrooth Ave, Sevier St, Crout St, Emeline St, Fremont St, Chad Brown St, Jenkins St, Vandieman Ave$1,244
Gesler St, Saratoga St, Gentian Ave, Grand St, Courtland St, S Water St, Mount Pleasant Ave, Paterson St, N Davis St, Europe St$1,081
Webster Ave, Tidd St, George M Cohan Blvd, Victor St, S Angell, Rose Ct, Wiley St, Sunbury St, Mattie St, Olneyville Sq$1,081

Insurance rates are influenced by a number of factors including:

  • Year Built: 5,913 Homes (8% of total) built between 1950 to 1959 in Providence are paying home insurance between $2,028-$2,044 in contrast with North Providence (+$10), East Providence (+$14), Cranston (+$17), Pawtucket (-$13) and Central Falls (-$25).
  • Bedrooms: 11,130 1 bedroom homes (16% of total homes ) in Providence are paying about $486 compared to East Providence (+$3), Cranston (+$4), Lincoln (+$13), Pawtucket (-$4) and Central Falls (-$6).
  • Auto Insurance Bundling: 9,167 Households (41% of all households) in Providence have 2 vehicles available and when it is bundled with home insurance you can save $215 compared to North Providence ($216), East Providence ($217), Pawtucket ($214).
  • Senior Discounts: 9,601 seniors (more than 55 years) occupied housing units (43% of total) in Providence get discounts between $161 to $164 in contrast with North Providence ($162), Pawtucket ($160), Central Falls ($159).
  • New Homes discounts: New homes such as the 11,047 homes built between 2000 to 2009 in Providence can save $215 in contrast with North Providence ($216), East Providence ($217), Pawtucket ($214).

Providence Homeowners insurance Facts

  • Providence, RI has 22,126 owner occupied houses which is 35.9% of all units whereas North Providence, East Providence and Pawtucket have 60.18%, 56.8% and 45.57% respectively.
  • Providence, RI homeowners yearly insurance price at $1,078 is 0.5% of the typical house value of $214,800 which is in contrast with 0.47% in North Providence, 0.47% at East Providence & 0.53% in Pawtucket.
  • Homeowners in Providence, RI pay 1.44% of their income ($75,000 or more) in insurance whereas homeowners in North Providence, East Providence and Pawtucket pay 1.45%, 1.45% and 1.43% respectively.
  • Providence, RI’s insurance is 4.9% of monthly housing costs of $1,819/month, for owners with a mortgage compared to 5.07% in North Providence, 5.22% at East Providence & 5.03% in Pawtucket. But, for households without a mortgage, insurance is 13.2% of costs ($681 in Providence, RI) in contrast with 13.23% in North Providence, 14.99% at East Providence & 15.31% in Pawtucket.

Providence, RI Home Values & Insurance rates

For example, insurance for 2,208 Homes (11.0% of total homes ) valued between $175,000 to $199,999 in Providence, RI is about $937. Rates in nearby areas in such as North Providence, East Providence, Cranston are cheaper by $59, $69, $79 respectively while Pawtucket and Central Falls are costlier by $59 and $138 respectively for similar homes.

Providence, RI Home By Value Total Homes % of Total Average Homeowners Insurance
Less than $50,000 461 2.0% $118
$70,000 to $79,999 371 1.0% $366
$80,000 to $89,999 342 1.0% $420
$90,000 to $99,999 304 1.0% $474
$100,000 to $124,999 1,598 8.0% $549
$125,000 to $149,999 1,591 8.0% $689
$150,000 to $174,999 2,759 14.0% $808
$175,000 to $199,999 2,208 11.0% $937
$200,000 to $249,999 3,948 20.0% $1121
$250,000 to $299,999 2,653 13.0% $1379
$300,000 to $399,999 2,521 13.0% $1746

Renters Insurance in Providence

  • Average Renters Insurance in Providence :  $195($16/month)

  • Median Gross Rent in Providence :  $910

  • Providence Renters Insurance to Median Rent Ratio:  1.76%

  • Renter occupied housing units in Providence :  39,430

Providence Renters Insurance as a Percentage of Rent

Providence Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
Less than $200 1,689 4.0% $348
$200 to $299 3,024 7.0% $798
$300 to $499 2,908 7.0% $1248
$500 to $749 5,646 14.0% $1923
$750 to $999 9,963 25.0% $2673
$1,000 to $1,499 12,189 31.0% $3798
$1,500 or more 3,303 8.0% $5448

Rent Affordability in Providence:

Approximately 48.0% (19,251) of households are spending more than 35% of their income on gross rent in Providence

Occupied units paying gross rent Total Households % of Total
Less than 15.0 percent 3,918 9.0%
15.0 to 19.9 percent 3,967 10.0%
20.0 to 24.9 percent 4,001 10.0%
25.0 to 29.9 percent 4,736 12.0%
30.0 to 34.9 percent 3,557 9.0%
35.0 percent or more 19,251 48.0%

Protective device discount in Providence Up to :  $29

Claims-free discount in Providence Up to :  $39