When it comes to renters insurance, USAA, Chubb, Allstate, AIG and Esurance are top of the heap according to Insure.com’s recent customer survey ranking the best renters insurance companies.

Customer survey 2018: Best renters insurance companies
1. USAA — 90.38
2. Chubb (ACE INA Group / Ace Limited) — 89.75
3. Allstate — 88.34
4. AIG (American International Group) — 88.22
5. Esurance — 86.93
6. Progressive — 86.62
7. Liberty Mutual — 86.16
8. American Family — 85.92
9. Hartford — 85.79
10. Erie — 85.50
11. Farmers — 85.47
12. Nationwide — 85.13
13. State Farm — 84.70
14. Safeco — 83.75
15. Travelers — 81.89

Insure.com commissioned a survey of more than 3,700 insurance customers nationwide and analyzed customer ratings for 15 leading companies in the rental, home and condo insurance category. Only current customers of the insurers on our lists were surveyed.

landlords requiring renters insurance


We examined six factors:

  • Value for the price
  • Customer service
  • Claim satisfaction
  • Website and app ease of use
  • Recommendation – How likely a customer is to recommend their insurer
  • Renewal – How likely they are to renew with the same insurer

Key Takeaways

  • Factors considered while ranking renters insurance company: Value for the price, customer service, claim satisfaction, website and app ease of use plus those who would recommend the company and who would renew.
  • USAA and Chubb topped the list of best companies for rental insurance.
  • Louisiana’s Rates for renters insurance are the highest, at $719 a year. Colorado’s are the lowest, at $103. Based on the coverage level $40,000 for personal property, a $1,000 deductible and $100,000 of liability protection.
  • To make sure you’re getting best price for your renters insurance coverage be sure to shop around and then check the reviews of the cheapest companies.

Who has the best renters insurance?

USAA was the overall No. 1 ranked renters insurance company. USAA consistently ranks at the top of customer satisfaction surveys (they topped the latest J.D. Power survey as well). Unfortunately, unless you are a military family or direct relative of a military member, USAA is not available to you.

Luckily, there are plenty of other insurance companies that ranked very well in our survey.

Renters insurance is a very affordable protection that is often overlooked. According to a 2015 Insurance Information Institute (III) poll, only 40 percent of renters had a renters insurance policy in place, compared to 95 percent of homeowners who carry homeowners insurance.

A Rent.com survey found that younger renters were even more likely to ignore the need for protection with 72 percent of renters under 25 years old foregoing a policy. Older renters were slightly better with 51 percent carrying a policy.

This can be a major mistake, as severe weather, a fire, or even an upstairs neighbors overflowing tub can cause major damage to all of your possessions. If you are uninsured, you will be on the hook to replace all of your property.

“Renters insurance may be the most overlooked, yet necessary, insurance coverage type. Renters often make the false assumption that, since they don’t own the property, they don’t need insurance. However, many renters keep some of their most valuable assets, such as jewelry, furniture, musical instruments, computers, and clothing in their rented space,” advises Kent Thune, insurance analyst with FitSmallBusiness.com.

Replacing your property isn’t the only protection that renters insurance brings to the table. Liability protection is another major benefit of renters insurance.

“Renters need liability protection for personal situations, such as getting into an argument with someone, or a guest tripping and falling warns Scott Johnson with Marindependent Insurance Services in Marin County, California.”While many renters think they can’t be sued because they don’t own a house, this is completely untrue. Because many renters are saving money to buy a house and have assets sitting in a bank, they actually need liability insurance even more than many homeowners.”

How much is renters insurance a month?

Rates for renters insurance have been fairly stable for a number of years and it is a real bargain right now.

Rates vary based on coverage amounts, the renter’s credit history, and where they call home but based on an Insure.com rate analysis, the national average for a renters policy is a very affordable $197 a year or roughly $17 a month. Prices in South Carolina, Pennsylvania and Hawaii are about average. Louisiana’s are the highest, at $719 a year. Colorado’s are the lowest, at $103.

These figures are based on coverage levels of $40,000 for personal property, a $1,000 deductible and $100,000 of liability protection.

Best renters insurance value for the price

Our survey found the following insurers were the best value for the price:

  • Chubb (ACE INA Group / Ace Limited)
  • USAA
  • AIG (American International Group)
  • Esurance
  • Allstate

In addition to claiming the top five spots for value, these five insurers are also the top five overall, making them a great choice for renters coverage.

Finding the best renters insurance companies

While pricing is always important, it is never a good idea to shop for renters insurance (or any insurance for that matter) on price alone. A cheap policy quickly becomes useless if you have trouble making a claim or contacting someone in customer service.

When searching for the best renters insurance company be sure to examine all of the factors. While Erie just missed the top five (it was number six) when it came to pricing, it dropped all the way down to number 14 in the claim process rankings and number 11 in customer service. Look for an insurer that scores well on all three factors we examined.

Shopping your coverage on a regular basis can help ensure you are getting the best coverage at the best price. While pricing in the renters insurance market is fairly stable, insurance companies rate risk differently which can result in dramatically different premium quotes.

Bundling and discounts are another option to help lower your premium. Renters insurance is often bundled with auto insurance. Grab as many other discounts as possible to push down your rates. According to J.D. Power, roughly 81 percent of renters insurance customers received some type of discount on their policy.

Average cost of renters insurance: Renters insurance quotes by company for each state

Insure.com commissioned Quadrant Information Systems to provide renters insurance rates for nearly every ZIP code in the country from up to six major insurers. The applicant profile is of a married, 35-year-old who has filed no claims in five years. Coverage includes medical payments coverage of $5,000, contents replacement at replacement value and loss of use at 10 percent of personal property limit.

    For coverage of $20,000 for personal property, with a $1,000 deductible and $100,000 in liability protection, you can see how major insurers compare on price. Enter your state in the search field to see what you can expect to pay in your location.

     

    State Company Average annual rate
    Alaska Allstate $76
    Alaska USAA $98
    Alaska State Farm $115
    Alabama USAA $132
    Alabama Travelers $165
    Alabama Alfa Mutual $166
    Alabama State Farm $184
    Alabama Allstate $185
    Alabama Liberty Mutual $194
    Arkansas Travelers $128
    Arkansas State Farm $164
    Arkansas Farmers $279
    Arkansas Farm Bureau  $295
    Arizona USAA $51
    Arizona Travelers $125
    Arizona State Farm $150
    Arizona American Family $150
    California Allstate $133
    California Mercury $143
    California Travelers  $166
    California State Farm  $172
    California Liberty Mutual $263
    California Farmers $287
    Colorado USAA $51
    Colorado Liberty Mutual $63
    Colorado American Family $77
    Colorado State Farm $125
    Colorado Travelers $125
    Connecticut Allstate $100
    Connecticut Amica $111
    Connecticut Travelers $127
    Connecticut State Farm $127
    DC USAA $47
    DC State Farm $121
    DC Allstate $124
    DC Chubb $127
    DC Travelers $133
    Delaware USAA $48
    Delaware Liberty Mutual $111
    Delaware State Farm $116
    Delaware Travelers $125
    Delaware Allstate $129
    Delaware Nationwide $262
    Florida Travelers $150
    Florida Allstate $215
    Florida State Farm $224
    Florida USAA $246
    Florida Universal  $269
    Florida Florida Peninsula  $337
    Florida United  $443
    Georgia USAA $60
    Georgia State Farm $115
    Georgia Country  $118
    Georgia Travelers $126
    Georgia Georgia Farm Bureau  $136
    Georgia Allstate $196
    Hawaii State Farm $115
    Hawaii Allstate $137
    Hawaii First Fire & Casualty $150
    Hawaii USAA $176
    Iowa Allied  $88
    Iowa Farm Bureau $91
    Iowa American Family $103
    Iowa State Farm $115
    Iowa Travelers $125
    Idaho Allstate $98
    Idaho Liberty Mutual $100
    Idaho State Farm $115
    Idaho Farmers $131
    Idaho American Family $133
    Idaho Farm Bureau $154
    Illinois State Farm $115
    Illinois American Family $116
    Illinois Allstate $130
    Illinois Travelers $139
    Illinois Liberty Mutual $618
    Indiana Liberty Mutual $111
    Indiana Erie $116
    Indiana State Farm $119
    Indiana Travelers $125
    Indiana Allstate $153
    Indiana American Family $159
    Indiana United Farm Family Mut Ins Co $163
    Kansas Liberty Mutual $58
    Kansas Farm Bureau Prop & Cas Ins Co $92
    Kansas American Family $108
    Kansas State Farm $115
    Kansas Travelers $125
    Kentucky Cincinnati Ins Co $81
    Kentucky Liberty Mutual $82
    Kentucky Nationwide $113
    Kentucky Travelers $125
    Kentucky State Farm $141
    Kentucky Kentucky Farm Bureau $151
    Louisiana ASI Lloyds $163
    Louisiana State Farm $205
    Louisiana Liberty Mutual $272
    Louisiana Allstate $280
    Louisiana Louisiana Farm Bureau  $359
    Massachusetts Merrimack Mut Fire Ins Co $112
    Massachusetts State Farm $115
    Massachusetts Travelers $117
    Massachusetts Arbella $131
    Massachusetts Citation Ins Co $161
    Massachusetts Liberty Mutual $394
    Maryland USAA $101
    Maryland State Farm $143
    Maryland Travelers $188
    Maryland Allstate $203
    Maryland Erie $326
    Maine Concord  $61
    Maine Patrons Oxford $76
    Maine Allstate $99
    Maine State Farm $115
    Maine Travelers $125
    Maine York  $188
    Michigan Home Owners  $102
    Michigan Members Select $172
    Michigan Citizens $179
    Michigan Farm Bureau  $181
    Michigan State Farm $189
    Michigan Allstate $218
    Minnesota Auto Club  $69
    Minnesota State Farm $101
    Minnesota American Family $104
    Minnesota Travelers $125
    Missouri Liberty Mutual $89
    Missouri Shelter  $116
    Missouri State Farm $123
    Missouri American Family $140
    Missouri Travelers $149
    Missouri Auto Club  $204
    Missouri Farmers Ins Exch $239
    Mississippi Liberty Mutual $130
    Mississippi Travelers $138
    Mississippi Nationwide $199
    Mississippi State Farm $202
    Mississippi Mississippi Farm Bureau $252
    Mississippi Allstate $306
    Montana Liberty Mutual $51
    Montana USAA $61
    Montana State Farm $115
    Montana Travelers $125
    Montana Trinity Universal $185
    North Carolina North Carolina Farm Bureau $91
    North Carolina Travelers $106
    North Carolina Erie $109
    North Carolina State Farm $125
    North Carolina Liberty Mutual $133
    North Carolina Nationwide Mut Ins Co $136
    North Dakota American Family $47
    North Dakota Nodak Mut Ins Co $60
    North Dakota State Farm $93
    North Dakota Farmers $126
    Nebraska American Family $92
    Nebraska State Farm $100
    Nebraska Farm Bureau  $110
    Nebraska Travelers $125
    Nebraska Farmers $157
    New Hampshire Amica $85
    New Hampshire Concord  $87
    New Hampshire Liberty Mutual $100
    New Hampshire Vermont Mutual $100
    New Hampshire State Farm $115
    New Hampshire Travelers $125
    New Jersey Chubb $97
    New Jersey Allstate $113
    New Jersey State Farm $125
    New Jersey Travelers $130
    New Mexico Liberty Mutual $72
    New Mexico USAA $100
    New Mexico State Farm $150
    New Mexico Travelers $189
    Nevada Liberty Mutual $61
    Nevada American Family $121
    Nevada Travelers $125
    Nevada State Farm $130
    Nevada USAA $131
    New York New York Central $91
    New York State Farm $125
    New York Allstate $126
    New York Liberty Mutual $227
    Ohio Cincinnati Ins Co $82
    Ohio Erie $83
    Ohio Liberty Mutual $107
    Ohio Travelers  $125
    Ohio State Farm $147
    Ohio American Family $189
    Ohio Nationwide $191
    Oklahoma USAA $57
    Oklahoma Liberty Mutual $112
    Oklahoma Travelers $128
    Oklahoma Shelter $155
    Oklahoma State Farm $157
    Oregon Liberty Mutual $63
    Oregon State Farm $119
    Oregon American Family $119
    Oregon Farmers $122
    Oregon Travelers $125
    Pennsylvania Erie $71
    Pennsylvania Allstate $113
    Pennsylvania State Farm $118
    Pennsylvania Travelers $126
    Pennsylvania Nationwide $266
    Rhode Island Amica $94
    Rhode Island Liberty Mutual $110
    Rhode Island Metropolitan $135
    Rhode Island Allstate $143
    Rhode Island State Farm $148
    Rhode Island Travelers $182
    Rhode Island Nationwide $355
    South Carolina USAA $107
    South Carolina South Carolina Farm Bureau $136
    South Carolina Travelers $141
    South Carolina State Farm $143
    South Carolina Allstate $143
    South Dakota American Family $55
    South Dakota Allstate $80
    South Dakota State Farm $85
    South Dakota Travelers  $125
    South Dakota Farmers $156
    South Dakota Liberty Mutual $158
    Tennessee USAA $90
    Tennessee Auto Owners $108
    Tennessee Travelers  $126
    Tennessee State Farm $160
    Tennessee Liberty Mutual $334
    Tennessee Tennessee Farmers  $354
    Texas Liberty Mutual  $86
    Texas USAA $110
    Texas Travelers $131
    Texas State Farm  $187
    Texas Allstate $405
    Utah Travelers $66
    Utah American Family $110
    Utah Bear River Mut Ins Co $121
    Utah State Farm $125
    Utah Farmers $131
    Virginia USAA $45
    Virginia Erie $86
    Virginia Allstate $95
    Virginia State Farm $116
    Virginia Travelers $125
    Virginia Farmers  $152
    Virginia Liberty Mutual $166
    Virginia Nationwide $200
    Vermont Concord $50
    Vermont Co Operative Insurance $100
    Vermont Union $100
    Vermont Vermont Mutual $100
    Vermont State Farm $115
    Vermont Travelers Pr $125
    Washington Pemco  $81
    Washington American Family $112
    Washington USAA $116
    Washington Liberty Mutual $120
    Washington State Farm $125
    Washington Travelers $125
    Washington Farmers  $152
    Wisconsin West Bend  $82
    Wisconsin Auto Owners  $90
    Wisconsin Liberty Mutual $98
    Wisconsin American Family $105
    Wisconsin State Farm $115
    Wisconsin Travelers $126
    West Virginia State Farm $125
    West Virginia Erie $127
    West Virginia Allstate $137
    West Virginia State Farm $153
    West Virginia Liberty Mutual $197
    West Virginia Nationwide $349
    Wyoming State Farm $125

     

    For coverage of $40,000 for personal property, with a $1,000 deductible and $100,000 in liability protection, you can see how major insurers compare on price. Enter your state in the search field to see what you can expect to pay in your location.

    State Company Average annual rate
    Alaska Allstate $108
    Alaska State Farm $115
    Alaska USAA $126
    Alabama USAA $193
    Alabama Alfa Mutual $215
    Alabama Travelers $233
    Alabama State Farm $241
    Alabama Liberty Mutual $269
    Alabama Allstate $284
    Arkansas Travelers $175
    Arkansas State Farm $220
    Arkansas Farmers $351
    Arkansas Farm Bureau $533
    Arizona USAA $67
    Arizona Travelers $125
    Arizona State Farm $153
    Arizona American Family $218
    California Mercury $191
    California Allstate $200
    California Travelers $221
    California State Farm $245
    California Farmers $363
    California Liberty Mutual $390
    Colorado USAA $69
    Colorado Liberty Mutual $93
    Colorado American Family $104
    Colorado Travelers $125
    Colorado State Farm $126
    Connecticut Travelers $159
    Connecticut Allstate $159
    Connecticut State Farm $163
    Connecticut Amica $177
    DC USAA $64
    DC State Farm $152
    DC Chubb $202
    DC Travelers $202
    DC Allstate $212
    Delaware USAA $64
    Delaware Travelers $143
    Delaware State Farm $146
    Delaware Liberty Mutual $162
    Delaware Allstate $205
    Delaware Nationwide $383
    Florida Travelers $239
    Florida State Farm $288
    Florida USAA $338
    Florida Allstate $375
    Florida Florida Peninsula $397
    Florida Universal $482
    Florida United $630
    Georgia USAA $86
    Georgia State Farm $115
    Georgia Travelers $146
    Georgia Country Mutual $179
    Georgia Georgia Farm Bureau $238
    Georgia Allstate $339
    Hawaii State Farm $115
    Hawaii First Fire $199
    Hawaii Allstate $218
    Hawaii USAA $264
    Iowa Allied $93
    Iowa State Farm $117
    Iowa Travelers $127
    Iowa Farm Bureau $129
    Iowa American Family $141
    Idaho Liberty Mutual $100
    Idaho State Farm $129
    Idaho Allstate $141
    Idaho Farmers $159
    Idaho American Family $169
    Idaho Farm Bureau $197
    Illinois State Farm $148
    Illinois American Family $155
    Illinois Allstate $161
    Illinois Travelers $204
    Illinois Liberty Mutual $911
    Indiana State Farm $142
    Indiana Travelers $142
    Indiana Liberty Mutual $150
    Indiana Erie $179
    Indiana Allstate $218
    Indiana American Family $233
    Indiana United Farm Family $246
    Kansas Liberty Mutual $77
    Kansas Travelers $125
    Kansas State Farm $132
    Kansas Farm Bureau $138
    Kansas American Family $181
    Kentucky Cincinnati $113
    Kentucky Liberty Mutual $124
    Kentucky Travelers $138
    Kentucky Nationwide $184
    Kentucky State Farm $184
    Kentucky Kentucky Farm $209
    Louisiana Liberty Mutual $208
    Louisiana ASI Lloyds $377
    Louisiana State Farm $455
    Louisiana Allstate $542
    Massachusetts State Farm $131
    Massachusetts Travelers $190
    Massachusetts Merrimack $206
    Massachusetts Arbella $227
    Massachusetts Citation $274
    Massachusetts Liberty Mutual $672
    Maryland USAA $141
    Maryland State Farm $188
    Maryland Travelers $241
    Maryland Allstate $299
    Maryland Erie $448
    Maine Patrons Oxford $76
    Maine Concord $102
    Maine State Farm $116
    Maine Travelers $142
    Maine Allstate $162
    Maine York $322
    Michigan Home Owners $127
    Michigan State Farm $248
    Michigan Members Select $270
    Michigan Farm Bureau $273
    Michigan Citizens $280
    Michigan Allstate $319
    Minnesota Auto Club $97
    Minnesota State Farm $127
    Minnesota Travelers $129
    Minnesota American Family $140
    Missouri Liberty Mutual $118
    Missouri State Farm $156
    Missouri Shelter $168
    Missouri American Family $196
    Missouri Travelers $211
    Missouri Farmers $298
    Missouri Auto Club $306
    Mississippi Travelers $175
    Mississippi Liberty Mutual $197
    Mississippi State Farm $265
    Mississippi Nationwide $342
    Mississippi Allstate $433
    Mississippi Mississippi Farm Bureau $446
    Montana Liberty Mutual $73
    Montana USAA $82
    Montana Travelers $125
    Montana State Farm $131
    Montana Trinity Universal $212
    North Carolina North Carolina Farm Bureau $159
    North Carolina Erie $187
    North Carolina Travelers $196
    North Carolina State Farm $232
    North Carolina Liberty Mutual $247
    North Carolina Nationwide $250
    North Dakota American Family $60
    North Dakota State Farm $93
    North Dakota Nodak $111
    North Dakota Farmers $174
    Nebraska American Family $124
    Nebraska Travelers $125
    Nebraska State Farm $126
    Nebraska Farm Bureau $142
    Nebraska Farmers $224
    New Hampshire Vermont Mutual $100
    New Hampshire Amica $105
    New Hampshire Travelers $125
    New Hampshire State Farm $126
    New Hampshire Liberty Mutual $137
    New Hampshire Concord $145
    New Jersey State Farm $126
    New Jersey Travelers $146
    New Jersey Chubb $159
    New Jersey Allstate $178
    New Mexico Liberty Mutual $107
    New Mexico USAA $129
    New Mexico State Farm $150
    New Mexico Travelers $259
    Nevada Liberty Mutual $87
    Nevada Travelers $125
    Nevada American Family $164
    Nevada State Farm $166
    Nevada USAA $172
    New York State Farm $129
    New York New York Central $150
    New York Allstate $201
    New York Liberty Mutual $336
    Ohio Cincinnati $109
    Ohio Erie $113
    Ohio Travelers Prop Cas Ins Co $138
    Ohio Liberty Mutual $152
    Ohio State Farm $191
    Ohio American Family $268
    Ohio Nationwide $287
    Oklahoma USAA $80
    Oregon Liberty Mutual $93
    Oregon Travelers $125
    Oregon Farmers $129
    Oregon State Farm $144
    Oregon American Family $160
    Oklahoma Liberty Mutual $178
    Oklahoma Travelers $192
    Oklahoma State Farm $204
    Oklahoma Shelter Mut Ins Co $244
    Pennsylvania Erie $112
    Pennsylvania Travelers $136
    Pennsylvania State Farm $138
    Pennsylvania Allstate $182
    Pennsylvania Nationwide $394
    Rhode Island Amica $139
    Rhode Island Liberty Mutual $163
    Rhode Island State Farm $196
    Rhode Island Metropolitan $224
    Rhode Island Allstate $238
    Rhode Island Travelers $299
    Rhode Island Nationwide $570
    South Carolina USAA $162
    South Carolina State Farm $186
    South Carolina South Carolina Farm Bureau $196
    South Carolina Travelers $202
    South Carolina Allstate $216
    South Dakota American Family $75
    South Dakota State Farm $86
    South Dakota Allstate $119
    South Dakota Travelers $130
    South Dakota Farmers $223
    South Dakota Liberty Mutual $266
    Tennessee USAA $118
    Tennessee Travelers $160
    Tennessee Auto Owners $182
    Tennessee State Farm $208
    Tennessee Tennessee Farmers $354
    Tennessee Liberty Mutual $537
    Texas Liberty Mutual $131
    Texas Travelers $151
    Texas USAA $152
    Texas State Farm $307
    Texas Allstate $809
    Utah Travelers $82
    Utah State Farm $125
    Utah American Family $146
    Utah Bear River $153
    Utah Farmers $167
    Virginia USAA $65
    Virginia State Farm $122
    Virginia Travelers $126
    Virginia Erie $132
    Virginia Allstate $149
    Virginia Farmers $202
    Virginia Liberty Mutual $243
    Virginia Nationwide $292
    Vermont Concord $64
    Vermont Vermont Mutual $100
    Vermont State Farm $115
    Vermont Travelers $125
    Vermont Co Operative Insurance $132
    Vermont Union $147
    Washington Liberty Mutual $120
    Washington Pemco $122
    Washington State Farm $125
    Washington Travelers $125
    Washington USAA $149
    Washington American Family $154
    Washington Farmers $205
    Wisconsin Auto Owners $107
    Wisconsin West Bend $108
    Wisconsin State Farm $122
    Wisconsin American Family $138
    Wisconsin Liberty Mutual $144
    Wisconsin Travelers $161
    West Virginia State Farm $132
    West Virginia Erie $169
    West Virginia State Farm $197
    West Virginia Allstate $203
    West Virginia Liberty Mutual $270
    West Virginia Nationwide $403
    Wyoming State Farm $132

    For coverage levels of $40,000 with a $1,000 deductible and $300,000 in liability, you’ll see that average renters rates are still very affordable. Enter your state in the search field to see how companies compare on price:

    State Company Average annual rate
    Alaska State Farm $122
    Alaska USAA $136
    Alaska Allstate $143
    Alabama USAA $209
    Alabama Alfa Mutual $224
    Alabama Travelers $243
    Alabama State Farm $251
    Alabama Liberty Mutual $279
    Alabama Allstate $315
    Arkansas Travelers $181
    Arkansas State Farm $228
    Arkansas Farmers $361
    Arkansas Farm Bureau $533
    Arizona USAA $73
    Arizona Travelers $125
    Arizona State Farm $161
    Arizona American Family $218
    California Mercury $216
    California Travelers Commercial Ins Co $244
    California Allstate $247
    California State Farm Gen Ins Co $270
    California Farmers $388
    California Liberty Mutual $420
    Colorado USAA $76
    Colorado American Family $104
    Colorado Liberty Mutual $113
    Colorado Travelers $125
    Colorado State Farm $130
    Connecticut Travelers $168
    Connecticut State Farm $180
    Connecticut Amica $181
    Connecticut Allstate $194
    DC USAA $70
    DC State Farm $162
    DC Travelers $204
    DC Chubb $216
    DC Allstate $254
    Delaware USAA $73
    Delaware Travelers $148
    Delaware State Farm $154
    Delaware Liberty Mutual $162
    Delaware Allstate $225
    Delaware Nationwide $387
    Florida Travelers $259
    Florida State Farm $308
    Florida USAA $355
    Florida Allstate $395
    Florida Florida Peninsula $412
    Florida Universal $500
    Florida United $647
    Georgia USAA $94
    Georgia State Farm $115
    Georgia Travelers $156
    Georgia Country Mut Ins Co $190
    Georgia Georgia Farm Bureau Mut Ins Co $245
    Georgia Allstate $359
    Hawaii State Farm $134
    Hawaii First Fire & Cas Ins Of HI Inc $211
    Hawaii Allstate $253
    Hawaii USAA $281
    Iowa Allied $99
    Iowa State Farm $121
    Iowa Travelers $130
    Iowa Farm Bureau $139
    Iowa American Family $141
    Idaho Liberty Mutual $100
    Idaho State Farm $144
    Idaho Farmers $174
    Idaho American Family $177
    Idaho Allstate $180
    Idaho Farm Bureau $236
    Illinois American Family $155
    Illinois State Farm $158
    Illinois Allstate $194
    Illinois Travelers $216
    Illinois Liberty Mutual $924
    Indiana State Farm $150
    Indiana Travelers $150
    Indiana Liberty Mutual $168
    Indiana Erie $191
    Indiana American Family $233
    Indiana Allstate $239
    Indiana United Farm $251
    Kansas Liberty Mutual $97
    Kansas Travelers $130
    Kansas State Farm $142
    Kansas Farm Bureau $143
    Kansas American Family $181
    Kentucky Cincinnati $125
    Kentucky Liberty Mutual $144
    Kentucky Travelers $145
    Kentucky Nationwide $187
    Kentucky State Farm $194
    Kentucky Kentucky Farm Bureau $215
    Louisiana ASI Lloyds $218
    Louisiana Allstate $427
    Louisiana Liberty Mutual $498
    Louisiana Louisiana Farm Bureau $557
    Massachusetts State Farm $148
    Massachusetts Travelers $197
    Massachusetts Merrimack $237
    Massachusetts Citation $274
    Massachusetts Arbella $279
    Massachusetts Liberty Mutual $688
    Maryland USAA $157
    Maryland State Farm $198
    Maryland Travelers $255
    Maryland Allstate $327
    Maryland Erie $460
    Maine Patrons Oxford $86
    Maine Concord $113
    Maine State Farm $119
    Maine Travelers $147
    Maine Allstate $182
    Maine York Insurance $352
    Michigan Home Owners $132
    Michigan State Farm $263
    Michigan Farm Bureau $281
    Michigan Members Select $282
    Michigan Citizens $289
    Michigan Allstate $358
    Minnesota Auto Club $103
    Minnesota State Farm $133
    Minnesota Travelers $135
    Minnesota American Family $145
    Missouri Liberty Mutual $128
    Missouri State Farm $168
    Missouri Shelter $183
    Missouri American Family $196
    Missouri Travelers $231
    Missouri Farmers $310
    Missouri Auto Club $323
    Mississippi Travelers $189
    Mississippi Liberty Mutual $217
    Mississippi State Farm $275
    Mississippi Nationwide $347
    Mississippi Mississippi Farm Bureau $452
    Mississippi Allstate $463
    Montana Liberty Mutual $73
    Montana USAA $86
    Montana Travelers $125
    Montana State Farm $146
    Montana Trinity Universal $227
    North Carolina North Carolina Farm Bureau $166
    North Carolina Erie $195
    North Carolina Travelers $204
    North Carolina State Farm $240
    North Carolina Liberty Mutual $255
    North Carolina Nationwide $258
    North Dakota American Family $60
    North Dakota State Farm $93
    North Dakota Nodak $121
    North Dakota Farmers $184
    Nebraska American Family $124
    Nebraska Travelers $125
    Nebraska State Farm $136
    Nebraska Farm Bureau $151
    Nebraska Farmers $228
    New Hampshire Vermont Mutual $100
    New Hampshire Amica $113
    New Hampshire Travelers $125
    New Hampshire State Farm $136
    New Hampshire Liberty Mutual $154
    New Hampshire Concord $159
    New Jersey State Farm $131
    New Jersey Travelers $151
    New Jersey Chubb $166
    New Jersey Allstate $208
    New Mexico Liberty Mutual $127
    New Mexico USAA $134
    New Mexico State Farm $152
    New Mexico Travelers $296
    Nevada Liberty Mutual $102
    Nevada Travelers $125
    Nevada American Family $164
    Nevada State Farm $181
    Nevada USAA $188
    New York State Farm $132
    New York New York Central $182
    New York Allstate $221
    New York Liberty Mutual $351
    Ohio Cincinnati Insurance $120
    Ohio Erie $125
    Ohio Travelers $147
    Ohio Liberty Mutual $175
    Ohio State Farm $206
    Ohio American Family $273
    Ohio Nationwide $289
    Oklahoma USAA $85
    Oklahoma Travelers $195
    Oklahoma Liberty Mutual $198
    Oklahoma State Farm $214
    Oklahoma Shelter $254
    Oregon Liberty Mutual $113
    Oregon Travelers $125
    Oregon Farmers $144
    Oregon State Farm $155
    Oregon American Family $160
    Pennsylvania Erie $124
    Pennsylvania Travelers $145
    Pennsylvania State Farm $151
    Pennsylvania Allstate $202
    Pennsylvania Nationwide $409
    Rhode Island Amica $140
    Rhode Island Liberty Mutual $183
    Rhode Island State Farm $211
    Rhode Island Metropolitan $244
    Rhode Island Allstate $258
    Rhode Island Travelers $314
    Rhode Island Nationwide $584
    South Carolina USAA $169
    South Carolina State Farm $196
    South Carolina South Carolina Farm Bureau $202
    South Carolina Travelers $213
    South Carolina Allstate $251
    South Dakota American Family $75
    South Dakota State Farm $96
    South Dakota Travelers $147
    South Dakota Allstate $174
    South Dakota Farmers $227
    South Dakota Liberty Mutual $275
    Tennessee USAA $127
    Tennessee Travelers $175
    Tennessee Auto Owners $193
    Tennessee State Farm $216
    Tennessee Tennessee Farmers $360
    Tennessee Liberty Mutual $547
    Texas Liberty Mutual $151
    Texas Travelers $153
    Texas USAA $170
    Texas State Farm $322
    Texas Allstate $813
    Utah Travelers $88
    Utah State Farm $125
    Utah American Family $152
    Utah Bear River $178
    Utah Farmers $182
    Virginia USAA $70
    Virginia State Farm $124
    Virginia Travelers $127
    Virginia Erie $144
    Virginia Allstate $184
    Virginia Farmers Ins Exch $212
    Virginia Liberty Mutual $263
    Virginia Nationwide $302
    Vermont Concord $75
    Vermont Vermont Mutual $100
    Vermont State Farm $115
    Vermont Travelers $125
    Vermont Co Operative Insurance $143
    Vermont Union $223
    Washington Liberty Mutual $120
    Washington Travelers $125
    Washington Pemco $133
    Washington State Farm $139
    Washington USAA $154
    Washington American Family $161
    Washington Farmers $224
    Wisconsin Auto Owners $117
    Wisconsin West Bend $123
    Wisconsin State Farm $128
    Wisconsin American Family $144
    Wisconsin Liberty Mutual $153
    Wisconsin Travelers $177
    West Virginia State Farm $142
    West Virginia Erie $181
    West Virginia State Farm $207
    West Virginia Allstate $223
    West Virginia Liberty Mutual $305
    West Virginia Nationwide $406
    Wyoming State Farm $142

    How much coverage do you need for renters insurance?

    Here are a few final tips to help you find a great renters insurance policy while also saving a bit of money on your premium.

    Raise your deductible: While renters insurance is a pretty affordable coverage, if you are struggling to cover your premium it’s better to raise your deducible instead of dumping your policy.

    “Go with the highest deductible that you can comfortably afford and look for group discounts through employer groups, credit unions and alumni associations,” advises Kristen Gryglik with Liberty Mutual.

    Replacement value or Actual cash value: Renters insurance is available in replacement value or actual cash value and one is definitely better (and more expensive) than the other.

    Replacement value policies replace your possessions with one of similar quality, regardless of age or condition. Actual cash value (ACV) policies on the other hand take depreciation into account. While actual cash value policies are cheaper, you may find yourself disappointed if you have to make a claim.

    “I definitely recommend replacement cost policies, with replacement value, if your TV is 10 years old and you have a loss you can buy a new TV, regardless if it costs more than you current TV. ACV policies only pay the value of your items at the time of the loss,” explains Gryglik.

    Umbrella policies offer additional protection: Adding a personal umbrella policy will push up your liability limits at a very affordable price. Umbrella policies are usually sold in $1 million increments and for the amount of protection they offer an umbrella is a real bargain.

    These policies are great for dog owners. Dog bites can result in major medical bills and a lawsuit is always a possibility if Fido grabs ahold of a guest.

    “The most common suits I see related to renter’s insurance are dog bite lawsuits. This is becoming increasingly common with more pet adoptions and pet-friendly apartments being built. Many attacks occur in apartment complex dog parks, and liability almost always falls exclusively on the dog’s owner,” warns Eric Ramos, a personal injury lawyer in San Antonio, Texas.

    Always choose the right personal property and liability limits: 

    The personal property section of your policy pays to replace lost, stolen or damaged items you own. Typically you can choose pay out amounts of $20,000 to $100,000. Because renters insurance is affordable, it’s recommended you get at least $40,000 but if you have a lot of valuable possessions $100,000 is best.

    In addition to protecting your possessions, a renters insurance policy also offers liability coverage. Liability covers the cost for injuries if someone trips, falls or is hurt in your apartment. It also pays for lawsuits a guest may file against you after an accident you’re at fault for.

    The amount of liability protection that’s right for you depends on the value of your personal assets but most experts recommend $300,000 liability limits.

    “The bare bones that I typically offer are $100K in personal property replacement coverage and $300K in liability,” says Johnson.

    If you can afford more, get it. Liability is a very affordable coverage and can be a financial lifesaver if someone is seriously injured in your home. The cost of a lawsuit can quickly spiral out of control, putting all of your assets at risks.

    “Just because you are renting doesn’t mean you don’t have assets to protect, IRAs, 401Ks, and many other investment accounts could be at risk in a lawsuit against you,” warns Brad Goldsberry with the Nate Bingel Agency in Northglenn, Colorado.

    Sharing a policy with a roommate: Despite the fact that most insurance companies do allow roommates to share a renters policy, most agents frown on the practice.

    “We don’t recommend roommates share a policy unless they are related or engaged, says Gryglik. “If a claim is filed on the policy it will be on your claim history for three to five years, regardless of who filed the claim.”

    If your roommate ends up making numerous claims on the policy you could end up paying higher premiums for renters (and other types of insurance) long after you have moved out.

    If you choose to ignore our advice and end up sharing a policy with a roommate be sure to have a serious conversation about the details of the policy, the cost and how any claims will be handled.

    Cap on valuables: Most renters insurance policies will put a maximum cap on high-value items such as artwork, wine, jewelry and other collectibles. This amount will vary between insurance companies but $1,500 is pretty typical. If you have lots of high-value property you may need a rider to be fully protected.