Best renters insurance companies in 2025

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Renters insurance provides coverage for your valuables and protection against liability claims. If you are a tenant looking for a new policy, State Farm might be your best bet.

State Farm earned an overall rating of 4.72 out of 5 and took the top spot in Insure.com’s list of the best renters insurance companies. Other insurance companies that made it to the top five on our list include Amica, Allstate, Nationwide and Farmers.

Key Takeaways

State Farm is the best renters insurance company, earning an overall score of 4.72 out of 5.
State Farm offers the cheapest renters insurance coverage, averaging $184 a month.
Good customer service and financial stability are important factors when choosing a renters insurance company.

The best renters insurance of 2025

State Farm is the best national insurance company for renters insurance in 2025. Based on our expert analysis of rates and rating metrics, it earned an overall rating of 4.72 out of 5. The insurer’s average annual premium of $184 makes it one of the most affordable choices for renters insurance. It also earned a solid A++ (Superior) rating from AM Best.

While cost isn’t the only factor to consider, we placed significant emphasis on affordability due to rising premiums.

“During these tough economic times, it’s important to consider [renters] insurance costs and ways to save as part of your household budget – without cutting corners on coverage,” says Carole Walker, executive director of the Rocky Mountain Insurance Association, a consumer insurance resource.

According to our data analysis, Amica and Progressive also offer cheap annual renters insurance rates of $192 and $201, respectively.

Our choice: Best renters insurance companies in the U.S.

The best way to get the right coverage at a great price is to compare renters insurance companies. We compared insurance companies offering renters insurance using average rates from Quadrant Data Services, third-party ratings from agencies like AM Best, J.D Power and NAIC, and internal rankings using our comprehensive best home insurance study.

Here is how the best renters insurance companies in the U.S. stack up among the top companies.

Company	J.D. Power score	NAIC complaint ratio	AM Best rating	Average rate $40k/$1k/$100k	Overall rating (out of 5)
State Farm	829	0.95	A++	$184	4.72
Amica	844	0.23	A+	$192	4.6
Erie	856	0.38	A+	$253	4.56
Auto-Owners	834	0.33	A++	$218	4.51
Allstate	809	0.9	A+	$245	4.41
American Family	813	0.37	A	$257	4.32
Nationwide	812	0.87	A+	$285	4.3
Farmers	800	0.54	A	$300	4.11
Travelers	790	0.54	A++	$387	3.97
Progressive	791	8.45	A+	$201	2.08

Note: Renters insurance is offered by the same companies that write homeowners insurance; we used the survey data from our 2025 Best Home Insurance Companies ranking, which included a survey of home insurance customers, including renters. See methodology.

Best national renters insurance companies

These are the best companies that offer renters insurance nationwide. Note that availability may be limited in specific areas.

Company	J.D. Power score	NAIC complaint ratio	AM Best rating	Average rate $40k/$1k/$100k	Overall rating (out of 5)
State Farm	829	0.95	A++	$184	4.72
Amica	844	0.23	A+	$192	4.6
Allstate	809	0.9	A+	$245	4.41
Nationwide	812	0.87	A+	$285	4.3
Farmers	800	0.54	A	$300	4.11
Travelers	790	0.54	A++	$387	3.97
Progressive	791	8.45	A+	$201	2.08

Best regional renters insurance companies

These are the best companies for renters insurance that offer coverage in limited areas and may or may not be available where you live.

Company	J.D. Power score	NAIC complaint ratio	AM Best rating	Average rate $40k/$1k/$100k	Overall rating (out of 5)
Erie	856	0.38	A+	$253	4.56
Auto-Owners	834	0.33	A++	$218	4.51
American Family	813	0.37	A	$257	4.32

A closer look at the top renters insurance companies

Here is a breakdown of the top renters insurance companies and why they are featured on our list.

State Farm

State Farm earned a 4.72 rating overall and earned the top spot in the rankings. The company’s average yearly premium of $184 was the lowest among the companies analyzed.

It earns an excellent A++ (Superior) rating from AM Best, but its complaint ratio is on the high side at 0.95. It landed above average on J.D. Power’s renters insurance survey at 829/1,000.

Amica

Amica earned a 4.6 rating overall, putting it in second place in the survey. The company offers an affordable average annual premium of $192 and the lowest National Association of Insurance Commissioners complaint ratio, 0.23. Amica earned an A+ (Superior) rating from AM Best and scored 844/1000 from J.D. Power.

Erie

Erie earned a 4.56 rating overall and its average annual premium of $253. It has a low complaint ratio of 0.38. AM Best gives the company an A+ (Superior) for financial stability.

Erie topped J.D. Power’s list of the best renters insurance companies with a rating of 856/1,000.

Auto-Owners

Auto-Owners earned a strong 4.51 rating overall. The company’s average yearly premium of $218 was near the middle in the survey. It earned an A++ (Superior) rating from AM Best and has the second-lowest complaint ratio in the survey, at 0.33.

Allstate

Allstate earned a 4.41 rating overall. The company’s average annual premium of $245 is relatively high, and its complaint ratio of 0.9 was the second-highest in the survey. It has a solid A+ (Superior) rating from AM Best. Allstate received a score of 809/1000 from J.D. Power.

American Family

American Family earned a 4.32 rating overall, placing it right in the middle of the survey. The company’s average annual premium of $257 was on the higher side in the survey, but it has the third-lowest complaint ratio at 0.37. It has an A (Excellent) rating from AM Best.

American Family scored 813/1000 in the J.D. Power renters insurance study.

Nationwide

Nationwide earned a 4.3 rating overall. Its average annual premium is $285, and its complaint ratio of 0.87 is relatively high. AM Best gives the company an A (Excellent) rating. Nationwide received a score of 812 out of 1000 from J.D. Power.

Farmers

Farmers earned a 4.11 rating overall. The company’s average annual premium is the second-highest in the survey, at $300, but its complaint ratio is 0.54. It has an A (Excellent) rating from AM Best.

Farmers earned an 800/1,000 average rating from J.D. Power.

Traveler

Travelers earned an overall rating of 3.97, securing the second-to-last position in the top 10. The company’s average yearly premium of $387 is the highest in the survey. Its complaint ratio is 0.54, and it has the best possible rating from AM Best, an A++ (Superior).

Travelers ranked just below average, with J.D. Power at 790/1,000.

Progressive

Progressive earned a 2.08 rating overall. The company’s average annual premium of $201 is the third-lowest among the insurers that were ranked. AM Best gives it an A+ (Superior) rating. However, its complaint ratio with the NAIC is 8.45, the highest in the survey.

Progressive ranked at the bottom of J.D. Power’s study, scoring 791/1,000.

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How we picked Insure.com’s top-rated renters insurance companies

To choose the best renters insurance companies, we started with average rates provided by Quadrant Data Services. We then researched third-party rankings from AM Best, J.D. Power and the National Association of Insurance Commissioners (NAIC) and finally pulled ratings from our overall ranking of the best home insurance companies for 2025, which includes Insure’s survey of home insurance customers across the nation.

Best renters insurance companies by state

Although State Farm took the top honors across the U.S., other companies scored higher in some states. Here is a breakdown of the best renters insurance companies by state.

State	Best renters insurance provider
Alaska	Western National Mutual
Alabama	Auto-Owners
Arkansas	Farm Bureau Mutual Ins Co of AR
Arizona	American Family
California	Farmers
Colorado	Chubb
Connecticut	Chubb
Washington, D.C.	Chubb
Delaware	Cumberland Insurance
Florida	Nationwide
Georgia	Auto-Owners
Hawaii	AIG
Iowa	Auto-Owners
Idaho	American Family
Illinois	Auto-Owners
Indiana	Indiana Farmers
Kansas	Shelter Insurance
Kentucky	Auto-Owners
Louisiana	State Farm
Massachusetts	Vermont Mutual
Maryland	Travelers
Maine	State Farm
Michigan	Auto-Owners
Minnesota	Secura Insurance
Missouri	Shelter Insurance
Mississippi	Southern Farm Bureau
Montana	Chubb
North Carolina	State Farm
North Dakota	State Farm
Nebraska	State Farm
New Hampshire	Vermont Mutual
New Jersey	Chubb
New Mexico	State Farm
Nevada	American Family
New York	Chubb
Ohio	Auto-Owners
Oklahoma	Shelter Insurance
Oregon	State Farm
Pennsylvania	Erie Insurance
Rhode Island	State Farm
South Carolina	Auto-Owners
South Dakota	Auto-Owners
Tennessee	Tennessee Farmers
Texas	Texas Farm Bureau
Utah	State Farm
Virginia	State Farm
Vermont	Vermont Mutual
Washington	PEMCO
Wisconsin	West Bend Mutual
West Virginia	Westfield Insurance
Wyoming	Nationwide

What is the average cost of renters insurance?

The average cost of renters insurance nationwide is $247 a year. However, it’s important to note that costs vary from renter to renter. The average cost also differs by state and the amount of coverage you need.
You may pay more or less than the average figure you see here. Use a renters insurance calculator to get a better idea of your costs.

Renters insurance calculator

$230/year

Estimated renters insurance rates in Florida

$19

Monthly renters insurance cost in Florida

-7%

Compared to national average

Things to consider when shopping for renters insurance

Everybody wants to get the best price when shopping for renters insurance, and price should be a major consideration. However, other factors can be just as important. You want to make sure you get the coverage you need and find an insurance company you can trust to be there when you need it.

Finding a company with great customer service and a strong financial foundation is as important as finding one with great rates.

The best way to shop for renters insurance is to gather quotes from a number of companies and compare them. Your current auto insurance company is a good place to start, and you may even get a discount for bundling.

Frequently asked questions

What companies provide cheap renters insurance in 2025?

Among the insurers in our ranking, State Farm offers the cheapest renters insurance, averaging $184 a year. It is followed by Amica ($192) and Progressive ($201).

How much renters insurance do you need?

The amount of renters insurance you need depends on the assets you must protect. If you have expensive electronics, clothes, jewelry, and other possessions, you will likely want to make sure you have a robust amount of coverage.

“Your landlord’s insurance only covers the building, not your belongings,” says Walker.

To determine how much coverage you need, Walker suggests creating an inventory of all your property, including furniture, electronics, clothes, and more. Include photos or video documentation, along with any receipts or appraisals.

Then, determine how much you would need to pay out of pocket to replace those items.

“This can not only help you in purchasing a policy but provide important documentation if you need to file a claim,” Walker says.
In addition, it is important to purchase enough liability coverage to fully protect your finances if you are responsible for significant damages to another person or their property. If you fail to purchase adequate protection, you could be responsible for paying many thousands of dollars in damages and legal fees if you are sued.

Is renters insurance mandatory?

Renters insurance is not typically required by law. However, some landlords may require you to purchase it as part of the lease agreement.

Even if it isn’t mandatory, having renters insurance is often a good investment. It can protect your belongings from covered events and provide important liability coverage if someone is injured in your rented space.

What our expert says

Carole WalkerExecutive director of the Rocky Mountain Insurance Information Association.

“During these tough economic times it’s important to consider [renters] insurance costs and ways to save as part of your household budget—without cutting corners on coverage.”

Methodology

Insure.com evaluated renters insurance companies based on their average annual rates from Quadrant Information Services, J.D. Power score, complaint ratios from the National Association of Insurance Commissioners (NAIC) and AM Best ratings. The renters insurance rates are based on the coverage limits of $40,000 in personal property coverage, $100,000 in liability coverage and a $1,000 deductible.

Shivani Gite

Contributing Writer

Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions.

On this page

The best renters insurance of 2025
Our choice: Best renters insurance companies in the U.S.
A closer look at the top renters insurance companies
How we picked Insure.com’s top-rated renters insurance companies
Best renters insurance companies by state
What is the average cost of renters insurance?
Things to consider when shopping for renters insurance
Frequently asked questions
What our expert says
Methodology