Cheapest & Best Renters Insurance In Orlando 2025
State Farm provides the cheapest renters insurance in Orlando, costing an average of $8 per month. Meanwhile, Nationwide is known for offering the most extensive coverage options.
We’ve saved shoppers an average of $200 per year on their renters insurance.
State Farm offers the most budget-friendly renters insurance in Orlando, averaging about $8 per month. However, if you need broader coverage, Nationwide is a better option, with slightly higher rates of around $10 per month.
Orlando sees more than 12,000 property crimes each year, affecting approximately 38 out of every 1,000 residents. Given these crime rates, having renters insurance is a wise decision. It safeguards your belongings while providing financial protection and peace of mind.
Cheapest Renters Insurance Companies In Orlando
If you’re looking for affordable renters insurance in Orlando, State Farm offers the lowest rates at an average of $8 per month. To help you compare options, the table below highlights the five most budget-friendly providers.
| Company | Average Monthly Cost |
| American Family | $15 |
| State Farm | $8 |
| Nationwide | $10 |
| Security First | $12 |
| Castle Key | $11 |
Best Renters Insurance Companies In Orlando
If you’re renting in Orlando and need budget-friendly insurance, State Farm is a great option. However, the cheapest policy isn’t always the best. In my view, Nationwide stands out as the top choice for renters insurance in the area. It offers extensive coverage options, receives better customer reviews than many competitors, and has a highly rated mobile app that makes managing policies much easier.
| Company | Average Monthly Cost |
| American Integrity | $17 |
| Nationwide | $10 |
| American Family | $15 |
| Allstate | $18 |
| State Farm | $8 |
Average Cost Of Renters Insurance In Orlando
In Orlando, renters usually spend about $16 per month or $192 per year on insurance. However, your actual cost may differ based on factors such as coverage limits, location, deductible, and the insurer’s pricing structure. The table below highlights the average rates from five top providers in the city.
| Company | Average Monthly Cost |
| Allstate | $20 |
| State Farm | $11 |
| Nationwide | $13 |
| American Integrity | $18 |
| American Family | $16 |
Average Cost Of Renters Insurance In Orlando By Deductible
A deductible is an amount you’re responsible for paying before your renters insurance kicks in to cover a claim. Choosing a higher deductible can lower your monthly premium, while a lower deductible typically means higher monthly costs. The table below outlines the average renters insurance rates in Orlando for different deductible options.
| Deductible Amount | Average Monthly Cost |
| $250 | $15 |
| $500 | $14 |
| $1,000 | $12 |
| $1,500 | $10 |
| $2,000 | $9 |
Factors That Impact Renters Insurance Costs In Orlando
Several factors affect the cost of renters insurance in Orlando:
Credit Score: Many insurers consider credit scores when determining rates, with lower scores often leading to higher premiums.
Deductible Amount: A higher deductible lowers your monthly premium, while a lower deductible increases costs since the insurer assumes more risk.
Location: Insurance rates tend to be higher in areas prone to natural disasters or crime. Orlando’s risk of hurricanes, severe storms, and property crime can contribute to increased premiums.
Home Safety Features: Installing security systems, smoke detectors, or sprinkler systems can lower the risk of claims and may qualify you for discounts.
Coverage Limits: Policies with higher coverage for personal property and liability tend to be more expensive, especially when add-ons like identity theft protection or replacement cost coverage are included.
Claim History: If you’ve filed multiple claims in the past, insurers may consider you a higher risk, leading to increased insurance costs.
Not all renters insurance policies are the same — some exclude water damage, others limit theft coverage. With PolicyOwl, you can upload your current policy and instantly see if your coverage matches your needs.
Common Causes Of Loss In Florida
Florida renters often file insurance claims for theft, fire, water damage, and hurricane-related losses. Understanding these risks can help tenants choose the right coverage to protect their belongings and financial well-being.
Fire
Fires in multi-unit buildings can spread quickly, leading to major losses. Renters insurance helps cover the cost of replacing personal belongings damaged by fire. Given Orlando’s fire risks, having coverage is a smart decision.
Theft
With over 12,000 property crimes reported in Orlando each year—and more than 215,000 incidents statewide—renters insurance can help replace stolen belongings. Some policies also include liability coverage if someone is injured during a break-in.
Water Damage
Leaks from plumbing, burst pipes, and roof issues can cause costly damage. While renters insurance typically covers internal water damage, flood-related losses require a separate flood insurance policy.
Hurricanes and Storms
Severe storms and hurricanes are among the biggest risks in Florida. Fortunately, most renters insurance policies in Orlando cover hurricane-related damage.
Other Covered Losses
Renters insurance may also cover vandalism, accidental damage, and some natural disasters, providing extra peace of mind.
By understanding these risks, renters can select a policy that offers the right level of protection for their specific needs.
Our Methodology
To evaluate renters insurance providers, we considered essential factors like pricing, coverage options, claims processing, and customer service. Our research involved collecting quotes from multiple insurers in Orlando, focusing on standard policies that include $20,000 in personal property coverage and $100,000 in liability protection.
We also examined deductible options, additional coverage for risks such as floods and earthquakes, and potential discounts for bundling renters and auto insurance. Customer satisfaction played a key role in our analysis, with ratings from sources like J.D. Power and Consumer Reports helping us identify insurers with strong service and efficient claims handling.
Another critical factor was Orlando-specific risks, including theft and water damage, as they impact coverage needs. By evaluating these elements, our guide provides a balanced and in-depth comparison of renters insurance options in Florida.
Quotes Analyzed
Brands Reviewed
Research Hours
Years Of Experience
About Bob Phillips
