Providence ,RI Home Insurance - The cost of homeowners insurance is influenced by a range of factors, including the value of your coverage, deductible, and the construction materials used in your home.
VHome Insurance conducted a thorough analysis of the Providence, RI homeowners insurance market, taking into account factors like average costs, range of coverages, deductibles and customer satisfaction ratings to determine the best providers. The Average home insurance cost in Providence, RI is $1302. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Providence, RI. VHome Insurance will help you navigate the world of homeowners insurance coverages in Providence, RI.
Coverage Level | Average Annual Premium |
---|---|
$100,000 | $521 |
$200,000 | $885 |
$300,000 | $1,094 |
$400,000 | $1,667 |
$500,000 | $2,096 |
One key aspect of your policy is the deductible, which is the amount you pay out of pocket before your insurance kicks in. Choosing the right deductible can have a major impact on your insurance premiums and overall savings. In this guide, we'll help you understand the options available for homeowners insurance deductibles in Providence, RI, and how to choose the right one for your needs.
Deductible Level | Average Annual Premium |
---|---|
$500 Deductible | $1,335 |
$1000 Deductible | $1,194 |
$1500 Deductible | $1,126 |
$2500 Deductible | $1,016 |
$5000 Deductible | $859 |
Home Insurance Company Near Providence, RI | Homeowners Insurance Agency Near Providence, RI | Address |
---|---|---|
NA | Howard Russell Insurance | 700 Main Street , East Greenwich, RI, 2818 |
NA | Friendly Insurance Agency | 1306 Dorchester Ave Dorchester, Boston, MA, 2122 |
Travelers | Mccormick & Sons Insurance Agency Inc | 800 WEST MAIN ST, AVON, MA, 2322 |
Travelers | Telamon Insurance & Financial Network Llc | 150 WELLS AVE, NEWTON, MA, 2459 |
Nationwide | Wayne P Johnson | 903 Broad St, Providence, RI, 2907 |
Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
---|---|---|---|
North Providence town, Providence County, Rhode Island | $162 | $216 | $324 |
East Providence city, Rhode Island | $163 | $217 | $326 |
Pawtucket city, Rhode Island | $161 | $214 | $321 |
Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
---|---|---|
Providence, RI | 4.9% | 13.2% |
North Providence | 5.07% | 13.23% |
East Providence | 5.22% | 14.99% |
Pawtucket | 5.03% | 15.31% |
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 |
Streets in Providence Area | Homeowners Insurance Cost |
---|---|
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 |
Place | Savings For Senior Occupied Homes |
---|---|
Providence | $161 to $164 |
North Providence | $162 |
Pawtucket | $160 |
Central Falls | $159 |
Low Deductible | High Deductible | |
---|---|---|
Deductible | $1,800 | $3,800 |
Yearly Providence Homeowner Insurance Premium Example | $1,700 | $1,300 |
Out of Pocket Expense During Claim | $1,800 | $3,800 |
Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim | $15,400 | $14,200 |
Net Savings to Providence Home Owner from High Deductible Plan | $1,200 |
Scenario | Providence, RI Home Replacement Value MORE than Home Value | Providence, RI Home Replacement Value LESS than Home Value |
---|---|---|
Replacement Value | $351,000 | $246,500 |
Insurance Premium based on Replacement Value | $3,025 | $2,125 |
Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $69,500 | Risk Exposure from Under Insuring Coverage is $35,000 |
Premium Impact | Insurance cheaper by $300/year | Insurance costlier by $600/year |
Insurance Company | Amica Mutual Insurance Company | GEICO Insurance | Nationwide Insurance |
Monthly Premium | 261 | 176 | 153 |
Year Built | 1940 | 1949 | 1947 |
Home Details | 2 Beds, 1 Baths | 3 Beds, 2 Baths | 4 Beds, 3 Baths |
Coverage Amount | $250000-$300000 | $250000-$300000 | $200000-$250000 |
Deductible | $500 Deductible | $2500-$5000 Deductible | $500 Deductible |