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Last updated May 2026

2026’s Best Renters Insurance

We’ve helped 500,000+ renters find the right policy to protect their stuff in an apartment, home, dorm, or shared housing.

  • Covers theft, fire, leaks, accidents and more
  • Prices as low as $5/month — from top-rated national providers
  • Meets landlord requirements with fast claims and payout
Renters insurance diagram
Average Plan Cost
National average monthly premium price for $15,000 in property coverage, $100,000 liability coverage for an apartment building resident. Learn more at the end of this page.
$9.51/mo
Property Coverage
$15,000
Liability Coverage
$100,000
  • Lemonade offers affordable renters insurance that utilizes AI to process claims quickly, often within minutes
  • Their user experience is world-class and it’s easy to get support from their award-winning customer service team
  • Founded in 2015 as a certified B Corp, Lemonade donates unclaimed premium dollars to nonprofit organizations selected by policyholders
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1

84,516 people ranked Lemonade as 4.9 on

Average Plan Cost
National average monthly premium price for $15,000 in property coverage, $100,000 liability coverage for an apartment building resident. Learn more at the end of this page.
$11.72/mo
Property Coverage
$15,000
Liability Coverage
$100,000
  • In the event of a covered loss, Liberty Mutual covers the repairs or replacement of damaged items with a brand new item
  • They also cover college dorms – the coverage is the same as what you’d get if you were to live in an apartment building
  • Founded in 1912 and underwritten by Liberty Mutual Insurance Company
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Average Plan Cost
National average monthly premium price for $15,000 in property coverage, $100,000 liability coverage for an apartment building resident. Learn more at the end of this page.
$12.10/mo
Property Coverage
$15,000
Liability Coverage
$100,000
  • Farmers renters insurance (like all the others on our list) covers your personal property and liability while you’re renting a home or apartment
  • Farmers offers bundling discounts if you add multiple lines of insurance
  • Founded in 1928 and underwritten by Farmers Insurance Exchange
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Average Plan Cost
National average monthly premium price for $15,000 in property coverage, $100,000 liability coverage for an apartment building resident. Learn more at the end of this page.
$12.83/mo
Property Coverage
$15,000
Liability Coverage
$100,000
  • USAA renters insurance is unique in several ways, particularly due to its focus on serving military members and their families
  • USAA covers most of your personal property, however, they do not cover damage caused by pets or insects
  • Founded in 1922 and underwritten by United Services Automobile Association (USAA)
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1
Average Plan Cost
National average monthly premium price for $15,000 in property coverage, $100,000 liability coverage for an apartment building resident. Learn more at the end of this page.
$12.58/mo
Property Coverage
$15,000
Liability Coverage
$100,000
  • State Farm covers your stuff — like computers, TVs, electronics, bicycles, furniture, and clothing
  • They are the largest insurance company for property and casualty insurance in the US with a network of 19,000 agents nationally
  • Founded in 1922 and underwritten by State Farm Fire and Casualty Company
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Average Plan Cost
National average monthly premium price for $15,000 in property coverage, $100,000 liability coverage for an apartment building resident. Learn more at the end of this page.
$18.01/mo
Property Coverage
$15,000
Liability Coverage
$100,000
  • Bundle renters insurance and save an average of 3% on auto insurance
  • Progressive covers your belongings whether they’re in your apartment, backseat, or storage locker
  • Founded in 1937 and underwritten by Progressive Casualty Insurance Company
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1
Average Plan Cost
National average monthly premium price for $15,000 in property coverage, $100,000 liability coverage for an apartment building resident. Learn more at the end of this page.
$23.01/mo
Property Coverage
$15,000
Liability Coverage
$100,000
  • Allstate offers a money-back guarantee if you are not satisfied with the claims process
  • They have a large network of agents, providing personalized service and local support
  • Founded in 1931 and underwritten by Allstate Fire and Casualty Insurance Company
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Average Plan Cost
National average monthly premium price for $15,000 in property coverage, $100,000 liability coverage for an apartment building resident. Learn more at the end of this page.
$9.51/mo
Property Coverage
$15,000
Liability Coverage
$100,000
  • Lemonade offers affordable renters insurance that utilizes AI to process claims quickly, often within minutes
  • Their user experience is world-class and it’s easy to get support from their award-winning customer service team
  • Founded in 2015 as a certified B Corp, Lemonade donates unclaimed premium dollars to nonprofit organizations selected by policyholders
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Best Price Guaranteed
Best Overall
Other providers we evaluated but which did not make our top 7 include: AAA, AARP, Amica, Assurant, Chubb, ePremium, GEICO, Hartford, Mercury, Metlife, Nationwide, Root, Toggle, Travelers, and more

Ranking Methodology

We ranked more than 7 of the best renters insurance policies based on a variety of important factors including the following:

  • National average monthly premium price for $15,000 in property coverage, $100,000 liability coverage for an apartment building resident
  • Below are all the zip codes we used to get the national average prices for each renters insurance provider: AL (35206) | AK (99516) | AZ (85050) | AR (72205) | CA (90210) | CO (80238) | CT (06105) | DE (19904) | FL (33155) | GA (30331) | HI (96821) | ID (83712) | IL (60630) | IN (46229) | IA (50317) | KS (66109) | KY (40511) | LA (70112) | ME (04108) | MD (21209) | MA (02136) | MI (48201) | MN (55414) | MS (39211) | MO (63104) | MT (59101) | NE (68154) | NV (89117) | NH (03062) | NJ (07305) | NM (87120) | NY (10022) | NC (27603) | ND (58104) | OH (44102) | OK (73129) | OR (97229) | PA (19128) | RI (02909) | SC (29414) | SD (57108) | TN (38111) | TX (77054) | UT (84104) | VT (05408) | VA (23221) | WA (98108) | WV (25311) | WI (53225) | WY (82009)
  • Coverage and benefits
  • AM Best rating of the underwriter
  • Key policy details including claims satisfaction, user experience of app (if applicable), and flexibility of coverage as well as other factors
  • Ease of sign up
  • Policy language clarity
  • User reviews

Frequently Asked Questions

We don't accept payment for listings or ranking changes. Every provider is shown based on merit — never financial gain.

Renters Insurance Gurus is an A+ rated, BBB-accredited business. Since 2020, we've helped over 500,000 people protect their rentals and belongings. Unlike many competitors, we're a U.S.-based company headquartered in San Francisco, California.

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We may earn a commission if you buy a policy through one of our links which allows us to keep our service free. Companies can't pay to appear in or influence our rankings — our recommendations are 100% independent.

Renters insurance prices are regulated by law. You won't find a lower price anywhere else for a policy found on Renters Insurance Gurus.

No matter which renters insurance provider you choose, U.S. law gives you the ability to cancel anytime. Check renters insurance off your list and enjoy instant peace of mind with fast sign-up and immediate coverage from many plans.

You don't pay anything to use this site. If you click a link and buy a policy, we may earn a commission from a renters insurance provider, however, this does not affect how we rank or recommend plans.

We don't collect personal information. You can browse our website and compare renters insurance providers with complete privacy — no phone number, no email, and no personal details are required.

We help you narrow your options and build confidence in your shortlist. Every persons situation is different, so the final decision will always be yours.

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