How much is renters insurance in Houston, TX

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In Houston, renters insurance costs an average of $268 per year for $40,000 in personal property coverage, $300,000 in liability coverage, and a $1,000 deductible, which is $42 more than the statewide average of $226.

It can be higher or lower depending on the coverage limit you choose and the amount of liability the policy provides. If you rent, you should consider buying renters insurance because it protects your personal belongings from damage caused by covered perils such as fire or smoke damage, theft, vandalism and other mishaps.

Looking for affordable renters insurance in Houston? We’ve compared the top companies to help you find the cheapest options.

Key Takeaways

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 a 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.

Higher coverage limits are recommended if you own valuable items like jewelry, furniture, and electronics.

How much is renters insurance in Houston by deductible?

Renters insurance in Houston costs $195 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 $16 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	$195	$292	$382
$1,000	$179	$268	$355

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

Who offers cheap renters insurance in Houston?

Your search for the cheapest renters insurance company ends here.

Progressive offers the cheapest renters insurance in Houston at $218 a year or $18 per month. According to our data, Allstate ranks second on our list followed by Nationwide.

Below are the average annual and monthly rates of the cheap renters insurance companies in Houston.

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

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

How to lower the cost of renters insurance

Follow these tips to reduce the cost of your renters insurance in Houston:

Bundle policies. If you have other insurance policies, such as car insurance, consider bundling them with the same company. Many insurers in Houston provide discounts for bundled policies.

Increase your deductible. A higher deductible can lower your premium in Houston, but make sure you’re comfortable with the potential out-of-pocket costs if you file a claim.

Choose the right coverage amount. Review your renters insurance policy regularly to ensure you aren’t paying for unnecessary coverage, such as excess personal property coverage if you don’t own many valuables.

Avoid filing too many claims. Filing frequent small claims can increase your rates. It might be worth paying for minor damages out-of-pocket instead of using your insurance.
Compare quotes. Don’t accept the first quote you get. Shop around and compare renters insurance rates from different insurers in Houston to find the best deal.

Renters in Houston should purchase renters insurance to protect their belongings and financial health. The cost of coverage varies based on your location, coverage limits and individual circumstances. To find the best deal, evaluate your coverage needs, compare quotes from different providers and take advantage of any available discounts.

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for renters insurance rates in Houston 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.

How much is renters insurance in other cities?

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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.