With a score of 96, State Farm is the best renters insurance provider across different coverage levels, balancing affordability and excellent customer service. The ideal provider for you may differ depending on your profile and needs. Chubb was ranked best for several renters insurance buyer profiles. Below are the top renters insurance companies by category.
Best Renters Insurance Companies for 2025
Updated: November 12, 2025
Advertising & Editorial Disclosure
Best Renters Insurance: Key Takeaways
State Farm is the best renters insurance company, with a score of 92 out of 100, and it is ranked best in 22 states. Auto-Owners is our second-best renters insurance company and the winner in six states.
Chubb has the best renters insurance for customer service and for people with poor credit. USAA has the best renters insurance policies for military members.
The best renters insurance rates vary by location, with the national average at approximately $15 monthly. Costs are affected by factors like local crime rates, natural disaster risks and regional insurance regulations.
Who Has the Best Renters Insurance?
Best For | Renters Insurer | MoneyGeek Renters Insurance Score |
|---|---|---|
State Farm | 92 | |
State Farm | 96 | |
Chubb | 87 | |
Chubb | 94 | |
USAA | 100 |
Best Renters Insurance Companies Overall
State Farm offers the best balance between affordability and customer satisfaction, earning it a high MoneyGeek score across different coverage levels. Auto-Owners follows. The table below shows the best renters insurance scores and costs overall.
Data filtered by:
$20K Personal Property
| State Farm | 92 | $8 | $101 |
| Auto-Owners Insurance | 88 | $9 | $103 |
| Nationwide | 85 | $11 | $133 |
| American Family | 83 | $11 | $137 |
| Chubb | 80 | $14 | $165 |
| Allstate | 79 | $10 | $122 |
| Farmers | 69 | $14 | $170 |
| Travelers | 57 | $21 | $257 |
Best Renters Insurance Company: State Farm
State Farm tops the list with a MoneyGeek score of 92 out of 100. It offers affordable coverage at just $8 monthly ($101 annually). This company has strong customer satisfaction ratings and comprehensive protection choices.
Best Overall Renters Insurance CompanyState Farm
MoneyGeek Score:
92/ 100
Average Monthly Premium$8
Average Annual Premium$101
Overview
State Farm ranks as the top renters insurance provider in MoneyGeek's analysis, scoring 92 out of 100. It excels in affordability and financial stability, while also earning high marks for customer satisfaction. With nationwide coverage, it serves renters across the country at varying rates by location.
Best Rates and Coverage Options
State Farm offers flexible coverage tiers to accommodate different renter needs:
- $20,000 Coverage: Approximately $8 per month ($101 annually)
- $50,000 Coverage: Approximately $12 per month ($150 annually)
- $100,000 Coverage: Approximately $19 per month ($222 annually)
Each tier includes personal property coverage, liability protection, medical payments and additional living expenses. Optional add-ons include identity theft protection and valuable items coverage. Policies cover fire, theft and water damage (except natural flooding).
Premiums can vary significantly by state, influenced by factors like local crime rates, natural disaster risks and regional regulations. Even at higher coverage levels, State Farm is ranked best with a 96 out of 100 value score across all coverage tiers.
Discounts Available
State Farm offers several ways to save on renters insurance premiums:
- Multi-policy discount when bundling with auto insurance (potentially saving up to $834 annually)
- Home safety device discounts for installing smoke detectors, fire alarms or burglar alarms
- Claims-free discount for renters who haven't filed claims in recent years
- Higher deductible options to lower monthly premiums
The Best Customer Service Experience
State Farm earned a customer satisfaction score of 27 out of 30 in MoneyGeek's evaluation, placing it among the top performers in the industry. According to the National Association of Insurance Commissioners, State Farm has fewer customer complaints than expected for a company of its size, demonstrating strong service reliability. Claims can be filed online, via mobile app or through its dedicated phone line.
Why Choose State Farm
As America's largest home insurer, State Farm combines affordability with financial stability. User-friendly digital tools simplify policy management, while its extensive agent network provides personalized service when needed.
Best Renters Insurance Runner-Up: Auto-Owners
Auto-Owners is the next best provider, earning a MoneyGeek score of 88 out of 100.
Best Overall Runner UpAuto-Owners
MoneyGeek Score:
88/ 100
Average Monthly Premium$9
Average Annual Premium$102
Overview
Auto-Owners earns a MoneyGeek score of 88 out of 100, ranking as the second-best renters insurance provider nationwide. It excels in affordability while offering more endorsements than many competitors.
Affordability and Coverage OptionsÂ
Auto-Owners offers flexible coverage tiers at competitive rates:
- $20,000 Coverage: Approximately $9 per month ($107 annually)
- $50,000 Coverage: Pricing varies by location (specific data limited)
- $100,000 Coverage: Approximately $48 per month in select markets like Michigan
Standard protections per tier include property coverage, liability, medical payments and living expenses. The "Renters Plus" package covers food spoilage, backed-up drains and waterbed liability.
Their standout Contents Replacement coverage pays full replacement value without depreciation. While lacking cyber/identity theft protection, Auto-Owners provides strong coverage for physical belongings.
Discounts AvailableÂ
Auto-Owners offers numerous ways to save on renters insurance premiums:
- Multi-policy discount when bundling with auto, home or life insurance
- Paperless/green discount for enrolling in online billing and payments
- Paid-in-full discount for paying your premium upfront
- Claims-free discount for renters without a recent claims history
- Payment history discount for customers who consistently pay on time
- Special discounts for retirees over age 55
Customer Service ExperienceÂ
According to the National Association of Insurance Commissioners (NAIC), Auto-Owners draws significantly fewer complaints than expected for a company of its size, suggesting high customer satisfaction with its service and claims handling. The company earned a customer service score of 84 out of 100 from MoneyGeek, indicating reliable support when policyholders need assistance.
One drawback is that limited digital capabilities require working with local agents rather than self-service options.Â
Why Choose Auto-OwnersÂ
Auto-Owners delivers exceptional value through affordable rates and comprehensive coverage options. As a regional insurer operating in 26 states, the company provides personalized service through its network of independent agents while maintaining strong financial stability. Auto-Owners is well-suited for renters who appreciate hands-on customer service, want robust coverage for their belongings and can take advantage of its numerous discount opportunities.
Best Renters Insurance by Location
The best renters insurance provider varies by location. State Farm is the top company in most states. Below are the top companies by state and city to help you find the best options in your area.
Best Renters Insurance by State
State Farm is the best provider in 22 states. Nationwide ranks first in seven states, while Chubb ranks first in six. Seven other providers also rank first in various states. Find your state below and follow the link to learn more about the best and cheapest renters insurance companies where you live and based on your desired dwelling coverage.
Best Renters Insurance by City
The best renters insurance companies may also vary by city. Depending on where you live, the top insurer may differ from the overall winner in your state. Filter the table below by state and check the highest-rated providers in your city.
Data filtered by:
Alabama
$100K Personal Property
| Birmingham | State Farm | 96 | $31 |
| Birmingham | Auto-Owners Insurance | 90 | $36 |
| Birmingham | Nationwide | 84 | $49 |
| Birmingham | COUNTRY Financial | 82 | $38 |
| Birmingham | Foremost Insurance | 65 | $52 |
| Birmingham | Travelers | 61 | $84 |
| Birmingham | Allstate | 59 | $74 |
| Huntsville | State Farm | 95 | $23 |
| Huntsville | Auto-Owners Insurance | 93 | $23 |
| Huntsville | Nationwide | 80 | $50 |
| Huntsville | COUNTRY Financial | 80 | $34 |
| Huntsville | Allstate | 76 | $44 |
| Huntsville | Foremost Insurance | 62 | $52 |
| Huntsville | Travelers | 61 | $82 |
| Mobile | State Farm | 96 | $31 |
| Mobile | Auto-Owners Insurance | 93 | $34 |
| Mobile | Nationwide | 89 | $64 |
| Mobile | COUNTRY Financial | 85 | $40 |
| Mobile | Allstate | 78 | $81 |
| Mobile | Travelers | 76 | $125 |
| Mobile | Foremost Insurance | 43 | $189 |
| Montgomery | State Farm | 96 | $26 |
| Montgomery | Auto-Owners Insurance | 93 | $28 |
| Montgomery | Nationwide | 83 | $50 |
| Montgomery | COUNTRY Financial | 81 | $37 |
| Montgomery | Foremost Insurance | 69 | $44 |
| Montgomery | Travelers | 61 | $87 |
| Montgomery | Allstate | 58 | $78 |
Best Renters Insurance for Value for Money: State Farm
State Farm is the best budget-friendly insurance for $20K in personal property coverage. Its rate is $8 monthly. The company has a 96 out of 100 MoneyGeek score.
Best Renters Insurance Rates
In MoneyGeek's analysis for the best renters' rates, we emphasized insurance cost over coverage and found that State Farm continued to rank first.
Data filtered by:
$20K Personal Property
| State Farm | 96 | $8 | $101 |
| Auto-Owners Insurance | 94 | $9 | $102 |
| Nationwide | 85 | $11 | $133 |
| Allstate | 84 | $10 | $121 |
| American Family | 83 | $11 | $136 |
| Chubb | 77 | $14 | $165 |
| Farmers | 69 | $14 | $167 |
| Travelers | 47 | $21 | $255 |
Best Renters Insurance for Customer Satisfaction: Chubb
Chubb is the best provider for customer service, with a MoneyGeek score of  87 out of 100. It is reasonably priced at $14 monthly ($165 annually). Chubb features high claims handling scores and responsive customer support.
Best For Customer SatisfactionChubb
MoneyGeek Score:
87/ 100
Average Monthly Premium$14
Average Annual Premium$165
Overview
Chubb stands out for its exceptional customer satisfaction ratings. It earned a MoneyGeek score of 87 out of 100, placing it at the top of national rankings. This rating is validated by its first-place finish in J.D. Power's 2025 home insurance claims satisfaction study with a 773 out of 1,000 score.
Affordability and Coverage OptionsÂ
Chubb offers competitive pricing across coverage tiers, with rates varying by location:
- $20,000 Coverage: Approximately $14 per month ($165 annually)
- $50,000 Coverage: Approximately $28 per month ($339 annually)
- $100,000 Coverage: Approximately $56 per month ($671 annually)
While not the cheapest option nationally, Chubb provides exceptional value in several states — coverage starts at just $83 annually in Virginia and $64 in Minnesota. Each policy includes premium features exceeding industry standards, such as contents replacement cost coverage for damaged or stolen items.
Chubb offers distinctive protections including rental car coverage, valuable articles coverage and cyber protection against online threats and identity theft that many competitors don't include.
Discounts AvailableÂ
Chubb offers several discount opportunities:
- Protective device discount for security and fire prevention systems
- Bundle discount for combining renters and auto insurance
- Claims-free discount for clean records over three years
- Home renovation discounts for properties with recent upgrades
- New home discounts for recently constructed properties
Customer Service ExperienceÂ
Chubb's service excellence is reflected in its low complaint ratio — just 0.21 compared to the industry median of 1.00 (National Association of Insurance Commissioners). It prioritizes seamless claims processing, responsive communication and personalized attention throughout the customer journey.
Service channels include a mobile app, online portal, dedicated email and 24/7 phone support. Specialized representatives guide customers through claims with efficiency and empathy.
Why Choose ChubbÂ
Chubb is ideal for renters who prioritize exceptional service and premium coverage over the lowest price. The company demonstrates superior financial stability with an A++ rating from AM Best. Chubb excels in serving customers with valuable possessions through specialized protection and replacement cost coverage. For renters seeking peace of mind through superior service, Chubb delivers an unmatched experience.
Best Renters Insurance by Customer Satisfaction
MoneyGeek prioritized client claims satisfaction without regard for affordability when determining the top renters insurance provider for customer service options. Check out the major companies' scores and average rates below.
Data filtered by:
$20K Personal Property
| Farmers | 66 | $14 | $170 |
| State Farm | 80 | $8 | $101 |
| American Family | 82 | $11 | $137 |
| Nationwide | 86 | $11 | $133 |
| Travelers | 86 | $21 | $257 |
| Auto-Owners Insurance | 72 | $9 | $103 |
| Chubb | 87 | $14 | $165 |
| Allstate | 63 | $10 | $122 |
Best Renters Insurance for People With Poor Credit: Chubb
If you have poor credit, Chubb is the best provider, scoring 94 out of 100. At $18 monthly ($221 annually), it balances affordability with excellent service while offering fair rates when competitors charge significantly more.
Best Renters Insurance Rates for Poor Credit
Use the table below to compare best average renters insurance rates for people with poor credit scores across companies and coverage levels.
Data filtered by:
$20K Personal Property
| Chubb | 94 | $18 | $222 |
| Nationwide | 92 | $17 | $208 |
| State Farm | 92 | $16 | $196 |
| American Family | 91 | $21 | $251 |
| Allstate | 84 | $15 | $182 |
| Travelers | 83 | $67 | $807 |
| Farmers | 81 | $31 | $374 |
| Auto-Owners Insurance | 51 | $191 | $2,292 |
HOW CREDIT SCORE IMPACTS RENTERS INSURANCE RATES
Insurers use your credit score to decide the chance of you filing a claim. A higher score suggests responsible financial behavior, which can lower your risk and mean lower premiums. A lower credit score may result in higher premiums.
Best Renters Insurance for Military Members: USAA
USAAÂ only serves military members, veterans and their families. It is the top choice for renters insurance for the military community. With a MoneyGeek score of 100 out of 100, coverage starts at $10 per month.
Best For Military MembersUSAA
MoneyGeek Score:
100/ 100
Average Monthly Premium$10
Average Annual Premium$125
Overview
USAA stands as the best renters insurance provider exclusively serving military personnel, veterans and their families. With industry-leading satisfaction scores and specialized coverage options, USAA maintains an extraordinary 96% member retention rate.
Affordability and Coverage Options
USAA offers competitive rates below national averages:
- $20,000 Coverage: Approximately $9 per month ($107 annually)
- $50,000 Coverage: Approximately $16 per month ($187 annually)
- $100,000 Coverage: Approximately $29 per month ($347 annually)
Policies include military-specific benefits at no extra cost. USAA includes flood and earthquake coverage as standard. Military uniforms are covered with zero deductible while on duty, and coverage extends worldwide, including during deployments.
Optional coverages include enhanced electronics protection with a $250 deductible, valuable personal property coverage and replacement cost options.
Military Eligibility Requirements
USAA membership is required for renters insurance and is exclusively available to:
- Active-duty military members, including National Guard and Reserves
- Military veterans with honorable discharges
- Pre-commissioned officers and officer candidates
- Spouses of USAA members, including widowed or unremarried divorced spouses
- Children and stepchildren of USAA members
Once established, membership is lifelong and can be passed down to eligible family members, creating a multi-generational insurance relationship.
Discounts AvailableÂ
USAA offers several military-focused discounts:
- Bundle discount when combining auto and renters insurance policies
- Protective device discounts for homes with security systems
- Special deployment discounts of up to 60% on stored vehicles
- On-base housing discounts in many locations
- Payment history discounts for consistent on-time payments
- Military installation discounts at select locations
Customer Service ExperienceÂ
USAA's service is tailored to military needs, with representatives who understand deployment challenges and PCS (Permanent Change of Station) moves. The company maintains low complaint ratios and offers 24/7 worldwide access through mobile and digital tools.
Claims handling accommodates deployment schedules and overseas service, with flexible payment options aligned with military pay schedules.
Why Choose USAA
USAA delivers unmatched value for eligible military members through its understanding of the military lifestyle. The member-owner structure prioritizes member benefits over shareholder profits. Qualified members access an insurer designed for their unique needs throughout all phases of military life.
USAA has high customer satisfaction scores and some of the most competitive rates in the industry. Check the table below to explore how USAA performs and how much it costs with different premiums.
| USAA | $20K Personal Property | 100 | $10 | $125 |
| USAA | $50K Personal Property | 100 | $16 | $188 |
| USAA | $100K Personal Property | 100 | $23 | $280 |
| USAA | $250K Personal Property | 100 | $53 | $634 |
Other Renters Insurance Company Reviews
Compare rates and coverage from other renters insurance providers we evaluated:
How to Get the Best Renters Insurance
Getting the best renters insurance depends on what you are concerned with, whether that be cost or service.
- 1Assess Your Renters Coverage Needs
Take inventory of your belongings and estimate their total value. This helps you find the right policy.
- 2Research Renters Insurance Companies
Once you know your coverage needs, compare multiple insurance providers to find one that offers affordability and customer service.
- 3Get Renters Insurance Quotes
Get quotes from several renters insurance companies based on your coverage requirements.
- 4Look for Discounts
Check for renters insurance discounts, including paying your policy in full or bundling with your auto insurance policy.
- 5Read the Fine Print
Review the terms and conditions of the policy. Look at coverage exclusions and limits and ACV versus RCV replacement value.
- 6Purchase the Best Policy for You and Keep Records
Once you've chosen the right policy, complete the purchase and keep copies of all relevant documents.
What is the Best Renters Insurance Policy by Situation?
Students and First-Time Renters
College students living in dorms may be covered under their parents' homeowners policy, but they should verify coverage limits and restrictions. First-time renters often underestimate their property value, so conducting a thorough inventory is essential. Consider lower deductibles despite slightly higher premiums, as you likely have less financial flexibility for out-of-pocket expenses.
Pet Owners
Renters insurance policies exclude certain dog breeds or exotic pets entirely, while others charge higher premiums or require additional liability coverage. Make sure your policy explicitly covers pet-related damages and injuries to avoid denied claims. Consider increasing liability coverage to at least $300,000 if you have pets, regardless of breed.
Businesses Based in Your Rental Property
Standard renters policies typically limit business property coverage to $2,500 and may exclude liability for business-related injuries. Dedicated business endorsements or separate policies are necessary for inventory, specialized equipment and client visits. Some insurers offer affordable home business add-ons for remote workers with minimal equipment needs.
Short-Term/Vacation Renters
Traditional renters insurance may not cover properties rented through services like Airbnb or VRBO. Short-term rental platforms often provide limited host protection insurance, but coverage gaps remain. Look into specialized short-term rental insurance if you frequently move between temporary accommodations.
Seniors and Retirees who Rent
Insurers offer age-based discounts for renters over 55 or 65 years old. Collection of valuables accumulated over a lifetime often exceeds standard sub-limits and requires scheduled endorsements. Consider policies with identity theft protection, as seniors are frequently targeted for financial scams.
READ MORE ABOUT RENTERS INSURANCE:
What Is the Best Renters Insurance Coverage Amount for You
Here are the steps to help you determine the right level of renters insurance personal property coverage:
- 1Take Inventory of Your Belongings
- Use your smartphone to film your possessions
- Create a basic list of categories (furniture, electronics, clothing, kitchenware)
- Use replacement cost (what you'd pay for new items today)
- Remember easily overlooked items like kitchen appliances and seasonal decorations
- 2Identify High-Value Items
- Standard policies limit coverage for jewelry ($1,500 to 2,500), electronics ($1,500 to 3,000) and collectibles
- Document valuable items with photos and receipts
- Consider scheduled personal property endorsements for items exceeding standard limits
- 3Calculate Total Needed Coverage
- Add up replacement costs from your inventory
- Quick estimate: $25,000 to $30,000 for a one-bedroom apartment, $50,000 to $60,000 for a two-bedroom
- Adjust based on your lifestyle; minimalists might need just $15,000 while those with high-end possessions could require $100,000+
- 4Assess Liability Needs
- Standard recommendation: $300,000 minimum
- Consider higher limits ($500,000+) if you frequently entertain, have pets or maintain significant assets
Best Renters Insurance Personalized Quotes
To find the best renters insurance company for your needs, request quotes from multiple providers, review discounts for bundling policies or installing safety devices and consider coverage options specific to your situation. You can use our renters insurance calculator below to get estimates from different companies.
Renters Insurance Calculator
MoneyGeek's renters insurance calculator will give you a customized estimate of your renters insurance costs.
It's free to use, requires no personal information and we won't send you any spam.
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Rates updated:
Dec 01, 2025
Although MoneyGeek partners with some of the companies we recommend, our content is written and reviewed by an independent team of writers, editors and licensed agents. Learn more about our editorial policies and expert editorial team.
Best Companies for Renters Insurance: Bottom Line
The best renters insurance companies balance affordability with strong customer service, comprehensive coverage options and financial stability, demonstrated by high ratings from organizations like J.D. Power for customer satisfaction and AM Best for financial strength, ensuring they can reliably process claims quickly and fairly when needed. This guide highlights top-rated insurers for different profiles to help determine the best policy and provider for you.
State Farm tops the list overall. It also earned the highest rating for value for money and is the top company in most states. Auto-Owners ranks second overall. Chubb is the best company for people with poor credit and those who prioritize customer service. Military personnel and families may find the best renters insurance in USAA.
Best Renters Insurance: FAQ
If you still have questions about the best renters insurance, the following answers to some frequently asked questions should help you better understand renters insurance.
What are the key factors to consider when shopping for the best renters insurance coverage?
When reviewing the best renters insurance companies, look for a company with low rates, good customer service and fast claim resolution. You can find the lowest rates by comparing multiple insurers online.
How much does renters insurance typically cost?
The national average cost for renters insurance is approximately $15 per month ($180 annually) for $20,000 in personal property coverage. However, prices vary significantly based on your location, coverage limits, deductible amount and personal factors like credit score and claims history.
What discounts are available for renters insurance?
Common discounts include:
- Multi-policy/bundling (typically 5–25% savings)
- Security system/safety devices (typically 2–15% savings)
- Claims-free history (typically 5–20% savings)
- Automatic payments (typically 2–5% savings)
- Senior/retiree discounts (typically 5–10% savings for ages 55+)
- Professional organization/alumni membership (typically 2–10% savings)
Are my roommates covered under my renters insurance policy?
No, unless they're specifically listed on your policy. Each roommate needs their own renters insurance policy to protect their personal belongings and liability. Sharing a policy is possible but not recommended due to complications with claims and coverage limits.
Does renters insurance cover my belongings during a move?
Most renters insurance policies provide coverage for your belongings during a move, both in transit and at your new residence, usually for up to 30 days. However, coverage limitations may apply, and damage caused by professional movers is typically excluded.
Does renters insurance cover damage or injuries caused by pets?
Standard renters insurance typically covers liability for injuries caused by most pets, but some policies exclude certain dog breeds or exotic animals. Property damage caused by your own pets is generally not covered, as it falls under normal wear and tear.
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Best Insurance Companies for Renters Insurance: Our Ratings Methodology
Renters insurance protects your belongings and liability exposure at a fraction of homeowners insurance costs, but choosing the right provider requires understanding which companies balance affordability with reliable claims service and adequate coverage. We designed this research to show you which insurers offer the best value for renters across different profiles and needs.
We obtained rate information from Quadrant Information Services and examined customer and claim satisfaction data from top industry assessments: the National Association of Insurance Commissioners (NAIC), AM Best, and J.D. Power. We developed a ranking methodology to compare this data and provide the best renters insurance solutions for different renter profiles at both the national and state levels.
Using average premium data from all 50 states, we created a customized grading system for each renters insurance company based on four performance categories: customer service from J.D. Power, financial stability from AM Best, affordability from Quadrant Information Services, and coverage alternatives from insurer offerings. We prioritize affordability while assigning scale and weight to each element, then add these individual scores to create a total score out of 100.
We used a sample profile of a typical renter with a good credit score (769-792) who has not made any claims in the past five years. Unless otherwise noted, we used these coverage limits: $20,000 in personal property coverage, $100,000 in personal liability coverage, and a $1,000 deductible. We also expanded our research to include renters who need more personal property coverage.
This methodology helps you evaluate insurers based on what matters most when you're protecting your belongings and liability exposure as a renter. Depending on the category, we modify pricing information based on persona, state, or coverage limit to show you what you'll actually pay for the protection you need. Our combined scoring reveals which companies offer genuine value, balancing competitive premiums with the financial strength to pay claims and customer service quality that makes the claims process smooth when you experience theft, fire, or liability issues.
The Best Renters Insurance Companies: Related Pages
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
He writes about economics and insurance, breaking down complex topics so people know what they're buying.