We have evaluated the largest renters insurance companies to provide you with average costs. Find out how much renters insurance would cost you.
Company, Best for, Average annual cost, A.M. Best ; Allstate, Older renters, $258, A+ ; American Family, Customer satisfaction, $366, A ; Lemonade, Ease of use, $181, NA ; Liberty Mutual, Bundling, $290, A ; Progressive, Discounts, $272, A+ ; State Farm, Lowest cost, $156, A++ ; USAA, U.S. military and their families, NA, A++ ; Erie, Optional coverages, $276, A+
Best for low rates: Allstate ; Best for speedy approval: Lemonade ; Best for bundling with car insurance: NYCM ; Best for longtime renters: State Farm ; Best for add-ons: Nationwide
You host a party in your rented home. A guest slips in your bathroom, hits her head on the edge of the tub, and is rushed to the hospital. ; While visiting the home of an acquaintance, you accidentally knock over and break an expensive porcelain vase. ; Your rambunctious five-year-old dumps a milkshake on a new laptop on display in an electronics store, destroying it.
Key insights from Bankrate's 2024 car insurance cost analysis: Full coverage car insurance costs an average of $2,458 per year, while minimum coverage is $678 per year. On a monthly basis, full coverage averages $205, with minimum coverage averaging $56 per month. USAA, Auto-Owners and Geico offer some of the cheapest full coverage car insurance but are not all available to all drivers. Men tend to pay more than women for car insurance, on average, since data show they are more likely to engage ...
Pros · Has a large selection of possible discounts, including discounts for living in a gated community, having a burglar alarm, being a long-time customer, having building security and having a water-leak detection system. Good for renters with high net worth who need increased coverage limits. Low level of complaints. Cons · Chubb’s renters insurance doesn’t have a wide range of coverage add-ons like other companies. Charges higher rates if you’ve had an insurance cancellation by Chu...
Renters insurance is more affordable than many other types of insurance. ; You can purchase renters insurance from most major insurance companies. ; Comparing quotes can help you find the cheapest renters insurance.
Do I need renters insurance? ; In your rental agreement, your landlord or property management company might have specified that you are required to get renters insurance, a type of coverage primarily designed to financially protect you — not your landlord — in the event of loss or damage to your personal belongings. Renters insurance costs an average of $170 per year or $14 per month, according to the Insurance Information Institute. In addition to providing coverage for your personal belongings, renters insurance also offers coverage for i ...
Renters insurance costs about $148 per year or $12 per month, according to NerdWallet’s analysis. Discover the average renters insurance cost in your state.
Company, Average monthly renters insurance cost for $15,000 of personal property coverage ; Allstate, $9 ; Auto-Owners, $9 ; State Farm, $9 ; USAA, $10 ; Nationwide, $11 ; Westfield, $11 ; American Family, $13 ; Country Financial, $15