How much is renters insurance in Fort Worth, TX

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Renters insurance in Fort Worth, costs $223 per year for $40,000 in personal property, $300,000 in liability and a $1,000 deductible, which is $3 less than the state average of $226 annually.

Your renters insurance premium could be higher or lower depending on the coverage and liability limits you select. Purchasing renters insurance is a good idea, as it helps protect your personal property from damage or loss due to events like fire, smoke, theft and vandalism.

Want to know who has the most affordable rates? Here are the most affordable renters insurance companies in Fort Worth.

Key Takeaways

Renters insurance costs an average of $223 per year or $19 per month in Fort Worth.
Progressive has the cheapest renters insurance for Fort Worth renters at $17 per month.
Taking advantage of discounts, such as having a security system or bundling renters insurance with other insurance policies, can help reduce your insurance premiums.

What is the average cost of renters insurance per month in Fort Worth?

On average, renters insurance costs in Fort Worth are $19 per month. It’s equals to the state average of $19. Renters in Fort Worth pay these rates for a coverage limit of $40,000 in personal property coverage, $1,000 deductible, and $300,000 in liability protection coverage.

Renters insurance rates can vary by city based on your insurer and the amount of coverage you choose. In Fort Worth, for example, renters pay around $13 per month for $20,000 in personal property coverage with a $1,000 deductible. If you increase your coverage to $40,000, the monthly premium goes up by $6.

If you own high-value items like jewelry, electronics, or designer furniture, it’s a good idea to consider higher coverage limits to make sure you’re fully protected.

How much is renters insurance in Fort Worth by deductible?

Renters insurance in Fort Worth costs $165 per year for a $500 deductible and $20,000 in personal property coverage.

Your deductible is the amount you agree to pay before your insurance coverage kicks in. If you increase your deductible limit, your insurance cost will go down. For instance, if the personal property coverage is the same (e.g., $20,000) but you increase your deductible limit from $500 to $1,000, you will pay $12 less every year for insurance.

Below are the renters insurance rates for different personal property coverage and deductible amounts.

Deductible	$20,000 personal property	$40,000 personal property	$60,000 personal property
$500	$165	$241	$311
$1,000	$153	$223	$289

Note: The liability protection coverage is $100,000.

Who offers cheap renters insurance in Fort Worth?

Your search for affordable renters insurance ends here.

Progressive has the lowest rates in Fort Worth, with an annual premium of $200 a year or $17 per month. Based on our data, Nationwide and State Farm also offer cheap rates.

Below, you’ll find the average annual and monthly rates for cheap renters insurance companies in Fort Worth.

Renter insurance provider	Average annual rate	Average per month rate
Progressive	$200	$17
Nationwide	$236	$20
State Farm	$239	$20
Allstate	$245	$20
Texas Farm Bureau	$317	$26
Farmers	$473	$39
USAA*	$130	$11

*USAA is only available to military community members and their families.

Tips for reducing the cost of renters insurance

Here are some tips to help reduce renters insurance costs in Fort Worth:

Bundle insurance policies. If you have other insurance policies, such as car insurance, consider bundling them with the same insurer. Many insurers offer discounts for bundling in Fort Worth.

Increase deductible. Opting for a higher deductible can lower your premium in Fort Worth, but make sure you’re comfortable with the amount you’d pay out-of-pocket in case of a claim.

Choose the right coverage. Review your policy regularly to ensure you don’t have extra coverage. For example, you might not need as much coverage for personal property if you don’t own many valuables.

Avoid small claims. Filing too many small claims can increase your rates over time. Consider paying for minor damages out-of-pocket instead of claiming them through insurance.

Shop around. Don’t settle for the first quote you receive. Compare renters insurance quotes in Fort Worth from multiple providers to find the best price for the coverage you need.

Renters insurance in Fort Worth, offers valuable protection for renters at an affordable price. While premiums can vary depending on location, coverage amount and individual circumstances, the peace of mind it provides is worth the investment. By understanding your coverage needs, comparing quotes and taking advantage of discounts, you can find an affordable policy that suits your budget.

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for renters insurance rates in Fort Worth in 2023 for $40,000 personal property coverage, $300,000 liability coverage, and a $1,000 deductible. The data presented are those with a good credit tier alignment.

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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.