Get Tiverton, RI Home Insurance Rates!
Would you like to easily compare up to 12 competitive rates in Tiverton, RI without the hassle of having to speak to different home insurance agents all at once? At GetHomeInsuranceQuotes.com, we provide superior home insurance shopping services when it comes to finding cheaper rates with better coverage options. The majority of our carrier options are rated "A+" by A.M. Best and most of all they are brand names you can trust like Travelers, Safeco, Nationwide, Liberty Mutual, Progressive, and so many more home/auto carriers that are very competitive in Tiverton.
Getting multiple home insurance quotes in Tiverton doesn't have to be a burden. Our online quoting process makes it easy for you to get the quotes you need fast so you have time to review, compare and save up to 40% or more on your new homeowners policy. Please visit our home insurance discounts page to find out how you can save additional money on your insurance premium. Our process will run multiple estimates to help you apply all the discounts available so we can help you bundle and package your home insurance coverage together. This process makes it easy for you to get the home insurance shopping done right the first time.
Our Process for Quoting Homes in Tiverton, RI
Easily save time and money by shopping your policy with us. Cheaper rates are available for homeowners living in Rhode Island so it's important to work with a specialized Tiverton homeowners insurance agent that knows the best carrier that's right for you. Our process is simple and thousands of homeowners just like you enjoy our fast, free shopping service. Once you complete our quoting application, we will present up to 12 rates. We will also assign one licensed home insurance professional to help answer any questions that you may have. Enter your zip code and get your quotes today!
Homeowners Insurance Rates in Tiverton
Our most frequently asked question usually has to do with a comparision request of what Tiverton homeowners are currently paying per year and what other homeowners in Newport County are also paying. Rhode Island may not be considered the most expensive state in the country to buy home insurance, it does rank higher than average at a nationwide rank of 5. Residents of Tiverton, RI are currently paying $1,788 for homeowners insurance coverage on average, where the majority of the United States home insurance premiums are around $1,311 per year. When we compare quotes, you can expect more affordable premiums at an average range of $1,430.40 to $2,145.60 for the cost of a standard homeowners policy which includes the coverage of your home, your contents, loss of use, medical payments and homeowner liability coverage.
Homeownership in Tiverton, RI
It's no secret that Tiverton, RI has now reached over 15,780 residents in population size with 6,684 homes within the city of Tiverton. The average number of homes per zip code in Tiverton is around 6,684. With population density increasing, it's important to make sure your home has the proper coverage within your local neighborhood or district.
| Source | Value |
|---|---|
| Location: | Tiverton, RI (NEWPORT County) |
| Population: | 15,780 |
| Occupied Residents: | 6,684 |
| Average Real Estate Value Per Zip Code: | $277,500 |
Compare Homeowners Insurance Rates in Tiverton, RI!
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Average Rates Nearby Tiverton
Are you looking for homeowners insurance in a city near Tiverton? Review coverage options and average rates in your area by clicking your city below. We can help you shop home insurance rates!
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Home Insurance Rates by Zipcode in Tiverton, RI
Easily review average rates and get multiple homeowners insurance quotes by clicking your zip code below located in Tiverton.
Tiverton, RI Home Insurance Average Premiums
$1137 /yr.
For the city of Tiverton, homeowners insurance rates may vary on deductible, coverage amount and property details. Below is a list of the averages based on the cost of an annual home insurance premium.
| Coverage Amount: | Annual Premium |
|---|---|
| 1800 sq. ft. or below (discounts applied) | $1137 /yr. |
| Average Coverage: | $1387 /yr. |
| 2600 sq. ft. or higher (all discounts applied) | $1687 /yr. |
What is the average home insurance cost for a home in Tiverton, RI?
- • The average homeowners insurance premium paid annually for a home in Tiverton is around $1387 per year.
What does it cost on average per month for home insurance in Tiverton, RI?
- • Homeowners in Tiverton pay an average cost per month around $116.00 for insurance coverage.
Tiverton, RI Coastal Wind, Hail & Flood Information
Tiverton is located in a coastal county which greatly increases the risk of hurricanes and windstorms. Our quoting process will include wind and hail coverage options to give you the best protection you need against high winds and storm damage.
Flood Zone Notice: The beautiful coastal city of Tiverton is know for it's beautiful beaches and waterways. Because Newport County (FIPS: 44005) has a shoreline and is in a coastal area it is important to purchase flood insurance. The risk is very high in this area and we will work with you to provide the best flood insurance coverage you need for your home in Tiverton, RI.
Tiverton, RI - 2023 Housing Information
| Month | Current Home Value (2023) | Last Year Home Value (2022) |
|---|---|---|
| January | $459,428 | $409,471 |
| February | $459,187 | $417,181 |
| March | $460,368 | $428,228 |
| April | $461,144 | $439,662 |
Homeowners insurance will help cover the cost to repair or replace your Tiverton home if it is damaged or destroyed by a covered peril, up to your coverage limits. A homeowners policy is made up of a few different coverages. Here are the most common coverages:
- Dwelling: This coverage will pay to repair or replace the structure of your home if it is damaged or destroyed. Review and Calculate Replacement Cost Coverage in Tiverton
- Liability: This coverage will help cover medical and legal bills if someone is injured in your home, slipping on an icy sidewalk for example. It also offers protection if you damage another person’s property, your child hitting a baseball through a neighbor’s window for example.
- Contents: This covers the cost to replace your personal possessions that are destroyed by a covered peril. Furniture, electronics, clothing and household goods are excellent examples. Contents coverage is often capped at 50% to 70% of your dwelling coverage.
- Other Structures: This coverage protects other structures on your property such as detached garages, outbuildings, barns, and sheds.
- Loss of use: This covers everyday costs that you incur if you cannot live in your home while it is being repaired due to a claim. It will pay hotel and restaurant bills and even the cost of dry cleaning.
Get up to 12 competitive Tiverton, RI homeowners insurance rates all in one place! |
Saving Money Tips on Tiverton Home Insurance
A great way to save money on Tiverton homeowners insurance is to make sure you are getting all the discounts you are qualified to receive. Here are just a few of the most common discount’s insurers offer:
- Bundling: If you purchase your home and auto (or any other insurance coverage) from the same insurer, you should get a bundling discount. Expect to save 20%-25%.
- Secure your home: Adding a monitored security system, water leak sensors, deadbolts, and smoke detectors should result in a discount.
- Impact resistant roof: If you are replacing your roof, consider impact resistant roofing materials which help prevent hail and impact damage as well as resulting in a significant discount.
- Stay claim free: If you have been claim free for a number of years (five is a common requirement) your insurer should offer a claim free discount.
Are you shopping for the best rate near or wihin the Tiverton area? Check out what homeowners are paying on average for Rhode Island homeowners insurance.
Elevation Review for Coastal Wind or Flooding Risk
| Elevation | Details | Homeowners Tips |
|---|---|---|
| 132 ft. | This is the average home elevation in Tiverton, RI | » Elevation is crucial to a homeowners insurance policy because it determines the risk of your home being in a flood zone which is particularly important in a coastal state such as Tiverton, Rhode Island. A standard homeowners policy does not cover flood damage. If you live in a flood prone area, you will need to purchase a separate flood to fully protect your home. Flood insurance can be purchased via the National Flood Insurance Program (NFIP) or in the private market. NFIP policies come with coverage caps and other restrictions so you may need to supplement your flood insurance coverage with a private market policy. It's important to remember that flooding occurs in low and moderate risk areas as well. According to FEMA data, almost 25% of all flood claims come from low to moderate-risk areas. |
To get online quotes on your home and compare rates on home insurance premiums in Tiverton, enter your zip code above and easily complete our online quoting application. Remember, it's important to speak with us about additional home insurance discounts so you can get the best rate for your home in Newport County.
Rhode Island Homeowners Insurance News & Information
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What happens to my mortgage if my homeowners policy gets cancelled? Posted on Thursday 18th July, 2024
As more and more insurance companies stop writing policies in certain markets or cancel existing policyholders they find too big of a risk, homeowners are finding their policies cancelled or non renewed. While a cancelled policy is a shock, it doesn’t mean you need to panic. Following is a brief overview of what to do […]
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Why Are Homeowners Insurance Premiums Rising in 2024? Posted on Tuesday 9th July, 2024
As insurance rates rise at unprecedented rates, homeowners are cutting back on groceries, travel, dining out, and even medication to afford the cost of their insurance premiums. In even more shocking news, 1 in 10 homeowners are even consider moving to an area with lower premiums, according to a recent survey by Claimguide. According to […]
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Coastal Homeowners Insurance in Florida Posted on Monday 8th July, 2024
Florida has it all, constant sunshine, beaches,plenty of restaurants and entertainment. It also has some of the highest homeowner insurance premiums in the country. According to Value Penguin, the Sunshine State has the 14th most expensive homeowner insurance rates in the country with the average premium coming in at $1,727. While insurance premiums are high all […]
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Coastal Texas Home Insurance Rates Posted on Sunday 7th July, 2024
While windstorm insurance is not required in Texas, it is often a necessity if you live near the coast. In certain areas there is a good chance that your mortgage lender will require that you carry a windstorm policy. A windstorm policy will cover damage that is done by wind or hail. These are the […]
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North Carolina Joint Underwriters and Wind Pool Map Explained Posted on Wednesday 5th June, 2024
North Carolina is a lovely state to call home. Our state is packed with beautiful cities, museums, restaurants and of course, some of the loveliest beaches in the country. Unfortunately, if you live in one of our amazing coastal southern cities such as Ocean Isle Beach, Sunset Beach, Oak Island Beach, Calabash, Bald Head Island, […]
Tiverton, RI Dwelling Coverage Estimate
It is important to calculate your dwelling coverage for your home in Tiverton so you know what type of homeowners insurance coverage you need to cover your replacement cost. It is recommended to have enough dwelling coverage to rebuild your home if it was destroyed by a covered peril.
Please remember that replacement cost coverage does not include the cost of the land, only the price to rebuild your home, which is why we like to help customers by answering a few questions that you may have.
What is the average replacement cost coverage in Tiverton, RI?
- The average square footage in Tiverton is around 1,321 Sq. Ft. which would cost you around $277,500 to replace the home if you base the home on the price to build per square foot of $210.
Minimum Replacement Cost Total: $277,500
Location: Tiverton, Rhode Island (Newport County)
Average Building Cost Per Square Foot in Tiverton: $210 (low end)
Average Square Footage in Tiverton: 1,321 Sq. Ft.
| Home Improvement Status | Price per Sq. Ft. | Dwelling Coverage |
|---|---|---|
| None or Very Minor Improvements | $210 | $277,500 |
| Some Additional Upgrades | $263 | $346,875 |
| Major Home Updates or Advancements | $315 | $416,250 |
The dwelling coverage is calculated by the average cost per square foot ($210) in Tiverton, Rhode Island times your heated square footage. Which would equal the cost to rebuild your home minus the cost of the property or land. Some homes will have a higher replacement cost due to home improvements like updated kitchens and bathrooms. Other upgrades may include: granite countertops, hardwood floors and stainless steel appliances. The national square foot average to build a brand new home is around 2500 square feet. So if you are looking to build, and your square footage of your new home is 2500, you are looking at a dwelling coverage premium of around $656,250 (Media price to build of $263 x 2500 sq. ft.) to cover the cost to rebuild your new home.
What is the difference between actual cash value and replacement cost value?
Homeowners insurance is available in both actual cash value (ACV) and replacement cost value (RCV). Knowing the difference is important:
Actual cash value: When valuing your personal possessions, an actual cash value policy will take depreciation into account. This means that your 10-year-old TV will be basically worthless according to your insurance company. While an ACV policy tends to be cheaper, if you have to make a claim you may be disappointed in your claim payout.
Replacement cost value: A RCV policy will replace your possessions with brand new items of similar quality regardless of how old they were at the time they were destroyed. While RCV policies are slightly more expensive, they are well worth the cost if you have to make a claim.