Protect your family's home if something happens to you. Compare top carriers and average costs for Rhode Island residents.
Mortgage protection insurance ensures your family can keep their home by paying off the remaining mortgage balance if you pass away. It provides peace of mind that your loved ones won't face foreclosure during an already difficult time.
Rhode Island regulates insurance through the Department of Business Regulation. The state has a 10-day free-look period and comprehensive consumer protections.
Rhode Island has a population of 1.1 million with a median age of 40. Mortgage Protection insurance is designed for homeowners with active mortgages, with coverage typically ranging from $50,000 - $500,000.
Compare rates from top mortgage protection insurance carriers.
The table below shows estimated monthly premiums for mortgage protection insurance in Rhode Island. Actual rates vary based on age, health, and coverage amount.
| Coverage Amount | Est. Monthly Premium |
|---|---|
| $100,000 | From $30/mo |
| $200,000 | From $50/mo |
| $300,000 | From $70/mo |
| $500,000 | From $110/mo |
* Rates are estimates for a healthy individual. Your actual rate may vary.
These are among the most popular and highly-rated carriers offering mortgage protection insurance to Rhode Island residents:
Working with an independent agent like CoverMeOnline gives you access to quotes from multiple carriers so you can find the best rate.
Compare rates from top mortgage protection insurance carriers.
Rhode Island Department of Business Regulation
Phone: (401) 462-9500
Rhode Island life insurance rates are near the national average. Final expense policies start around $28/month, with term and whole life options competitively priced.
Rhode Island residents commonly choose final expense, term life, and mortgage protection insurance. IUL policies are growing in popularity among younger professionals.
Contact the Rhode Island Department of Business Regulation, Insurance Division at (401) 462-9500 to file a complaint or get assistance with insurance issues.