Compare Renters Insurance Quotes 2025
Use Insuranceopedia to compare renters insurance rates from the top renters insurance companies.
Compare Renters Insurance Quotes By Insurance Company
Choosing the right insurance company can make a huge difference in how well your belongings are protected. Things like cost, coverage options and customer service vary widely between insurance carriers.
Comparing quotes from top insurers side-by-side helps you to find the right balance, so you’re not overpaying or underinsured.
| Insurance Company | Best For | Average Annual Cost |
| Lemonade | Fast online quotes | $168 |
| State Farm | Affordable coverage | $160 |
| Allstate | Personalized service | $180 |
| Nationwide | Comprehensive coverage | $216 |
| Progressive | Bundle savings | $168 |
Compare Renters Insurance Quotes By Coverage Level
When comparing quotes, price isn’t the only consideration. It’s about getting the right amount of coverage for your belongings and lifestyle. A slightly higher premium can save you thousands if you need to file a claim.
| Personal Property Coverage | Liability Coverage | Average Annual Cost | Best For |
| $15,000 | $100,000 | $144 | Budget renters or students |
| $30,000 | $300,000 | $192 | Average renter |
| $50,000 | $500,000 | $264 | Renters with high-value items |
| $75,000 | $1,000,000+ | $360 | High-income renters |
Compare Renters Insurance Quotes By State
Renters insurance costs can vary a lot depending on where you live. Factors like local weather risks, crime rates, and housing costs all influence how much you’ll pay. Use the table below to see how average renters insurance quotes compare across the U.S.
| State | Average Annual Cost |
| Alabama | $195 |
| Alaska | $160 |
| Arizona | $182 |
| Arkansas | $205 |
| California | $230 |
| Colorado | $172 |
| Connecticut | $165 |
| Delaware | $170 |
| Florida | $250 |
| Georgia | $200 |
| Hawaii | $175 |
| Idaho | $150 |
| Illinois | $160 |
| Indiana | $158 |
| Iowa | $145 |
| Kansas | $155 |
| Kentucky | $180 |
| Louisiana | $265 |
| Maine | $150 |
| Maryland | $175 |
| Massachusetts | $165 |
| Michigan | $170 |
| Minnesota | $155 |
| Mississippi | $225 |
| Missouri | $175 |
| Montana | $155 |
| Nebraska | $150 |
| Nevada | $185 |
| New Hampshire | $155 |
| New Jersey | $165 |
| New Mexico | $190 |
| New York | $240 |
| North Carolina | $170 |
| North Dakota | $145 |
| Ohio | $155 |
| Oklahoma | $235 |
| Oregon | $165 |
| Pennsylvania | $160 |
| Rhode Island | $175 |
| South Carolina | $182 |
| South Dakota | $150 |
| Tennessee | $195 |
| Texas | $220 |
| Utah | $155 |
| Vermont | $145 |
| Virginia | $165 |
| Washington State | $170 |
| West Virginia | $155 |
| Wisconsin | $150 |
| Wyoming | $155 |
How To Compare Renters Insurance Quotes
Map Out What You Need To Protect
List out your risks; Personal property (furniture, electronics), liability (injuries to guests), and additional living expenses (hotel bills if your place is unlivable) are at the core.
Standard policies exclude floods, earthquakes, and pest damage. If any of those hazards are a real threat where you live, note that you’ll need separate coverage or an endorsement.
Calculate The Right Coverage Amount
Create a quick home inventory; Use photos, receipts, or a spreadsheet to total replacement costs.
If everything you own would cost £20,000 to replace, that’s the baseline for your personal‑property limit. Adjust higher for pricier items like bikes, jewellery, or musical instruments.
Choose a liability limit; Most renters opt for at least £100,000, but go higher if you host frequently or own pets.
Pick A Deductible (And Any Add‑Ons)
Pick your deductible amount; A £1,000 deductible will cost less per month than a £250 one, but be sure you can pay it out‑of‑pocket after a loss.
You should also consider endorsements; Scheduled personal property for jewellery, identity‑theft coverage, pet‑liability riders, or water‑backup protection can all be added for a fee if they solve a specific risk.
Gather Multiple Identical Quotes
Aim to compare quotes from at least three insurers. Use identical inputs such as your address, coverage limits, deductibles, etc. Include a mix of national brands and regionals; pricing formulas vary.
Review Your Quotes
Make sure the insurer mapped your building type, security features, and pet information correctly.
Re‑shop your coverage each year or after major life changes (new valuables, a pet, or a move).
What Is Renters Insurance?
Renters insurance is coverage that is designed to protection renters living in apartments or houses. Typically, renters insurance policies provide coverage for yourself, your belongings and your living situation if you can’t live in your rented home for a period of time.
What Factors Affect The Cost Of Renters Insurance?
Renters insurance premiums aren’t one‑size‑fits‑all. Carriers look at where you live, your personal risk profile, and the choices you make when building a policy. Understanding each cost driver lets you tweak coverage for the best price‑to‑protection balance.
1. Location & Neighborhood Risk
ZIP codes with higher theft, vandalism, or severe‑weather losses cost insurers more, so premiums rise. Proximity to fire stations, hydrants, and the local fire department’s rating also affect rates.
Keep costs in check: Deadbolts, monitored alarms, and smart‑home security often unlock “protective‑device” discounts that can offset a high‑risk area surcharge.
2. Type & Construction of the Dwelling
Single‑family homes usually run higher than units in modern, sprinkler‑equipped high‑rises, which see fewer burglary and fire claims. Older buildings with outdated wiring, plumbing, or roofing also draw higher premiums.
Keep costs in check: Ask your landlord to document safety upgrades—smoke detectors, sprinkler retrofits, wiring updates—so you can share proof with your insurer.
3. Coverage Limits & Policy Add‑Ons
The more personal‑property, liability, or additional‑living‑expense coverage you buy—and the more endorsements you add for jewelry, water backup, or identity theft—the higher the premium.
Keep costs in check: Create a home inventory so you buy “enough but not too much.” Raise sub‑limits only for items that truly need extra protection.
4. Deductible Size
A lower deductible means the insurer pays more per claim, so they charge a higher premium.
Keep costs in check: Choose the highest deductible you could comfortably pay in an emergency to trim your bill.
5. Claims History & Insurance/Credit Score
Multiple past claims or a poor credit‑based insurance score suggest greater future losses, triggering surcharges.
Keep costs in check: Handle small losses out‑of‑pocket when possible, and practice good credit habits—on‑time payments, low balances—to keep your score healthy.
6. Pets & Liability Exposure
Certain dog breeds or exotic pets are considered higher liability risks, and prior bite incidents can spike premiums.
Keep costs in check: Provide proof of training or a clean veterinary history. If you own a restricted breed, shop specialty insurers or look for endorsements that cover them affordably.
7. Landlord or Lender Requirements
Many landlords require renters insurance and set minimum liability limits (often £100k/$100k). If you rent‑to‑own, lenders may impose similar floors.
Keep costs in check: Compare multiple carriers; one might include the required limit in its base package at a lower cost than another’s add‑on.
8. Discounts, Bundling & Shopping Around
Insurers offer price breaks for multi‑policy bundles, claims‑free status, loyalty, paperless billing, automatic payments, and safety devices.
Keep costs in check: Gather quotes from at least three carriers and ask about every discount tier. Bundling renters with an existing auto policy is often the fastest route to savings.
Comparing Renters Insurance Resources
Find The Best Renters Insurance In Your Area
FAQs
How Much Renters Insurance Do You Need?
The level of coverage that you need depends on 3 main things; personal property coverage, liability coverage and additional living expenses.
Ensure that you have enough personal property coverage to replace all of your personal belongings. You also need enough personal liability to protect you in the event of a major accident. Policies usually start with $100k in liability, but you should consider if you can afford $300k, to ensure that you’re financially protected.
Finally, ALE (additional living expenses), covers you in case something happens and you can’t live in your home while it’s being repaired. This limit should usually be 30% of your personal property coverage.
Do You Need Renters Insurance?
You are not legally required to carry renters insurance, however your landlord may ask for it as a condition of your lease.
Even though it’s not a legal requirement, renters insurance is a smart financial move. For just a few dollars per month, you can get thousands of dollars in protection.
What's The Difference Between Homeowners Insurance And Renters Insurance?
Renters insurance covers your belongings within your home, whereas homeowners insurance covers the building structure itself. As a renter, you typically won’t need homeowners insurance as the building itself is the responsibility of the landlord.
