We have evaluated the largest renters insurance companies to provide you with average costs. Find out how much renters insurance would cost you.
If you’ve ever wondered how much renters insurance policy you need we help how to calculate how much coverage you may need for each component.
We’ve done the research to help you find out how much renters insurance policy may cost. Read our guide to see factors go into determining the price for a renters policy.
COVERAGE AMOUNT, ANNUAL COST ; $15,000, $173 ; $30,000, $227 ; $50,000, $305
Learn how much renters insurance is, what factors affect its cost and tips to find the right coverage to fit your rental.
We break down what renters insurance is, and how much renters insurance you need to potentially cover the damage or theft of your personal property.
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+
How much renters insurance you need depends on you and your lifestyle, not just the requirements of your lease.
State Farm and Westfield are the best renters insurance companies, based on Forbes Advisor’s analysis of rates and complaints.
Renters insurance can be confusing, but we explain what renters insurance companies do and everything you need to know to purchase the best policy for you.