See our rating of the Best Renters Insurance Companies of 2024 and get expert advice on how to find the best renters insurance to protect your property.
We evaluated the best renters insurance providers based on price, coverage standards, limits, service, claims processing, and more to help you choose.
Homeowners insurance and renters insurance offer similar benefits for occupants and homeowners, but they do it in different ways and for different reasons.
Renters insurance costs vary significantly throughout the United States.
Average renters insurance premiums in the United States have remained relatively steady over the past two decades.
According to the National Association of Insurance Commissioners: The average premiums for renters insurance in 2021 was $170. Renters in Mississippi, Louisiana and Alabama had the highest renters insurance premiums. Renters in North Dakota, South Dakota and Wisconsin had the lowest premiums. According to data from the US Department of Commerce, the US Census Bureau, and American Community Survey: The percent of renter occupied units spending more than 30 percent on rent and utilities in 2022 was 48.2 percent. Florida, Nevada, and California ha ...
Claim frequency (2), Claim severity (3), Year, Claim frequency (2) ; 6.31, $14,579, 2021, 5.39 ; 5.39, 14,090, 2022, 5.45 ; 6.45, 15,053, Average (4), 5.79
Renters insurance is property insurance that covers a policyholder’s belongings, liability, and possibly living expenses in case of a loss event.
Good renters insurance doesn't have to be expensive. Our ratings of the cheapest renters insurance companies help you find one that best suits your needs.
Renters insurance can help protect against loss or damage to personal belongings when the insured is occupying a rental property.