How much is renters insurance in Houston, TX

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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.

After carefully evaluating renters insurance companies, we’ve compiled a list of the most affordable insurers for Houston renters. Keep reading to learn which insurers offer the lowest rates in Houston

Key Takeaways

According to Insure.com’s data study, renters insurance costs an average of $268 per year or $22 per month in Houston.
Progressive has the cheapest renters insurance for Houston renters at $18 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 Houston?

The average monthly cost of renters insurance in Houston is $22, which is $3 more than the state average of $19. This rate is for the coverage limit of $40,000 in personal property, $300,000 in liability protection and a $1,000 deductible.

Renters insurance rates vary by city depending on the coverage and the insurance company you choose. For example, renters in Houston pay $15 monthly for $20,000 in personal property coverage with a $1,000 deductible. If you increase your personal property coverage to $40,000, the cost will rise by $7 more.

You’ll need to determine the right amount of coverage based on your needs and budget. However, opting for higher coverage limits is recommended if you own valuable items like jewelry, furniture and electronics.

How much is renters insurance in Houston by deductible?

The average cost of renters insurance in Houston is $195 annually for a $500 deductible and $20,000 in personal property coverage

The deductible is the amount you pay out-of-pocket before your insurance kicks in. If you raise your deductible, your premiums will decrease. For example, if you maintain $20,000 in personal property coverage but increase your deductible from $500 to $1,000, you’ll save $16 every year on your insurance.

Here are the renters insurance premiums for different personal property coverage and deductible amounts.

Deductible	$20,000 personal property	$40,000 personal property	$60,000 personal property
$500	$195	$292	$382
$1,000	$179	$268	$355

Read our guide to know what does renters insurance cover.

Who offers cheap renters insurance in Houston?

Your search for affordable renters insurance ends here.

Progressive has the lowest rates in Houston, with an annual premium of $218 a year or $18 per month. Based on our data, Allstate and Nationwide also offer cheap rates.

After evaluating renters insurance quotes from all the national and regional insurance companies in Houston, the experts at Insure.com put together a list of the most affordable insurance carriers.

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

Renter insurance provider	Average annual rate	Average per month rate
Progressive	$218	$18
Allstate	$261	$22
Nationwide	$273	$23
State Farm	$297	$25
Texas Farm Bureau	$405	$34
Farmers	$599	$50
USAA	$157	$13

Tips for reducing the cost of renters insurance

Below are some tips to help you save on renters insurance in Houston:

Bundle policies: If you have other insurance, such as car insurance, bundling it with the same provider can often earn you a discount. Many insurers in Houston offer savings for bundling policies.

Increase your deductible: Choosing a higher deductible can lower your premium, but ensure you’re prepared to cover the higher out-of-pocket costs if you need to file a claim.

Choose the right coverage amount: Regularly review your renters insurance to avoid paying for more coverage than you need. For example, you might opt for lower personal property coverage if you don’t own high-value items.

Limit small claims: Filing multiple small claims can drive up your rates. If possible, consider paying for minor damages out of pocket to keep your premium low.

Shop around for quotes: Don’t settle for the first offer. Compare renters insurance rates from multiple providers in Houston to find the best coverage at the lowest price.

Final thoughts

Renters insurance in Houston, TX, 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 Houston 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.