Rhode Island Insurance Requirements & Rates

Rhode Island requires minimum liability coverage of 25/50/25 (bodily injury per person / per accident / property damage). Rhode Island is an at-fault state, meaning the driver who caused the accident is responsible for paying damages. Uninsured motorist coverage is not required but recommended.

Rhode Island homeowners face risks from hurricanes, flooding, nor'easters, coastal erosion. The flood risk level is moderate and earthquake risk is low. Standard deductibles apply. The average annual home insurance premium is $2,191.

Rhode Island requires riders under 21 to wear helmets. Lane splitting is not legal. Eye protection is required for all riders. The riding season is april–october.

Yes, workers' compensation insurance is required in Rhode Island. Sole proprietors with no employees may opt out. Rhode Island has approximately 110,000 small businesses, with top industries including Healthcare, Tourism, Defense & Shipbuilding.

Yes, Rhode Island has expanded Medicaid. The state has its own state-based health insurance marketplace at https://healthsourceri.com. The uninsured rate is 4%.

Yes, landlords in Rhode Island can require tenants to carry renters insurance as a condition of the lease. About 39% of Rhode Island residents are renters, with average monthly rent of $1,175.

Rhode Island has an uninsured motorist rate of 16.5%, which is above the national average. Factors include small state with high population density and congested roads. Although uninsured motorist coverage is not required, it is strongly recommended.

With a median household income of $71,169, most Rhode Island families should consider 10-12x their annual income in life insurance coverage. Currently, 52% of Rhode Island households have life insurance.