State Farm and Nationwide are the best cheap renters insurance companies in Idaho. State Farm has the most affordable rates, while Nationwide offers the best coverage options.
Cheap Renters Insurance in Idaho
Updated: April 24, 2025
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Key Takeaways
State Farm is Idaho's best overall renters insurance company, offering the cheapest policy at $176 annually.
Renters insurance in Idaho costs around $18 monthly, but prices range from $15 to $28.
To get the best and most affordable renters insurance, decide your coverage needs beforehand, research costs and compare multiple quotes.
Idaho Renters Insurance Quote Estimates
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Rates updated:
Apr 24, 2025
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Best Cheap Renters Insurance Companies in Idaho
| State Farm | 93 | $15 | $176 |
| Nationwide | 91 | $17 | $205 |
| American National | 84 | $16 | $189 |
| American Family | 75 | $25 | $302 |
| Farmers | 66 | $28 | $335 |
*This list shows rates for a renter with good credit, no claims history, $50K in property damage coverage, $100K in liability coverage, a $1,000 deductible and guaranteed replacement.
Compare Personalized Best Cheap Renters Insurance in Idaho
While the above list covers most renters, it may not reflect the best options for your needs. Below is a filterable table tailored to your profile to help you find the best choice in Idaho.
Data filtered by:Results filtered by:
Select
Coverage Level:$50K Personal Property / $100K Liability
Select
Deductible:1000
Select
Claims History:Claim free for 5+ years
Select
Contents Replacement:Yes
Select
Credit Tier:Good
| State Farm | 93 | $12 | $138 |
| Nationwide | 91 | $14 | $165 |
| American Family | 90 | $14 | $163 |
| American National | 84 | $13 | $150 |
| Farmers | 78 | $17 | $208 |
Best Idaho Renters Insurance Reviews
Below, we provide more detail about our top picks for affordability, customer service and coverage options for Idaho renters insurance.
State Farm: Most Affordable Plans
pros
Most affordable rates
Large discount offering selection
High financial stability ratings
cons
Below-average claims satisfaction
COMPANY HIGHLIGHTS
State Farm offers the lowest renters insurance rates in Idaho, averaging $15 monthly. J.D. Power ranks it seventh nationwide for customer satisfaction. State Farm provides strong coverage options, including home computer and earthquake protection.
Nationwide: Best for Coverage Options
pros
Affordable rates for higher coverage
Most extensive add-on coverage selection
High claims satisfaction ratings
cons
Lower-than-average overall customer satisfaction ratings
Less affordable for lower property damage coverage levels
COMPANY HIGHLIGHTS
Nationwide is the second-best Idaho renters insurance provider, with balanced affordability and coverage rankings. J.D. Power ranks it 12th of 15 for customer satisfaction and sixth of 18 for claims satisfaction. Nationwide's unique coverage options include credit card protection and add-ons to replace selected personal property up to its actual cash value.
Average Cost of Renters Insurance in Idaho
Renters insurance in Idaho costs about $18 monthly, slightly lower than the national average of $20. These rates reflect a policy with $50K in personal property coverage, $100K in liability limits and a $1,000 deductible.
Your rate may vary based on your profile. Use the table below to filter major factors affecting renters insurance rates to find average costs for your profile.
Data filtered by:Results filtered by:
Select
Coverage Level:$50K Personal Property / $100K Liability
Select
Deductible:1000
Select
Claims History:Claim free for 5+ years
Select
Credit Tier:Good
Select
Contents Replacement:Covered
| $50K Personal Property / $100K Liability | $18 | $220 |
Idaho Renters Insurance: Buyer's Guide
Navigating Idaho renters insurance options can be challenging, with so many choices. This detailed guide can help you secure the right coverage to simplify your decision.
How to Find the Best Cheap Renters Insurance in Idaho
With many options, finding the best and cheapest renters insurance for your needs can be challenging. Follow this step-by-step guide to find your ideal coverage:
- 1
Determine the right coverage level
Before shopping, determine how much coverage you need. Evaluate what you want insured in your rental and its value. Consider risks like weather damage, crime and pet-related factors.
- 2
Research costs and discounts
With a clear idea of your coverage needs, research average costs for your profile. This helps you judge if quotes are reasonable. Look for discounts you might qualify for to save more.
- 3
Compare providers
Check the reputations, costs and coverage options of different providers. This will help you decide which companies to consider and ensure you find the right match.
- 4
Consider bundling
If you have auto insurance, consider bundling it with renters insurance from the same provider. Bundling often creates savings that can offset the cost of renters coverage.
- 5
Get multiple quotes
Collect at least five quotes for a true comparison. Use comparison sites, provider websites, brokers and phone calls with agents to find the most affordable option.
- 6
Compare policies annually
Review your policy annually, as insurance rates change frequently. Yearly checks ensure you continue getting the best possible rate.
How Much Renters Insurance Do I Need in Idaho?
Renters insurance isn't required by Idaho law, but most landlords require at least $100K in liability coverage. Requirements may vary based on your rental history, credit score and pet ownership. Consider how much property coverage you need, local weather risks, area crime rates and pet ownership when selecting a policy.
Use our calculator to determine your ideal personal property coverage limits and how much renters insurance you need.
Personal Property Coverage Calculator
When figuring out how much renters insurance you need, experts recommend the standard $100,000 in liability insurance and enough personal property protection to cover your possessions. Use MoneyGeek's calculator to estimate the value of your possessions so you know how much personal property coverage to buy.
clothing & accessories
Clothes, shoes, bags, belts, hats, gloves, etc.
Idaho Renter Risk Considerations
Below are the risks specific to Idaho and considerations for renters seeking additional coverage:
- Weather risk: Flooding is Idaho's most common natural disaster. The state also faces a high risk of severe storms and wildfires in certain areas. Standard coverage may not protect against these threats, requiring a separate purchase.
- Crime risk: Idaho has the nation's lowest property crime rate and ranks 43rd for identity theft and fraud. Based on your needs, consider add-ons or supplemental property damage coverage.
- Pet ownership: Depending on your pet, consider pet liability coverage. Check how different providers handle pet coverage and whether it's included in standard policies.
- Property types: Standard policies may not fully cover special tools, valuables, electronics or structures like pools on your rental property. Look for companies offering specific add-ons for additional protection.
How Does Renters Insurance Coverage Work?
Renters insurance typically covers damage to your property, liability to others and loss of use of your rental home. Adding optional coverages can make your policy more comprehensive. Here are the main types of renters insurance coverage:
Coverage Type | Standard or Add-on | Coverage Details |
|---|---|---|
Standard | Pays for damaged or stolen personal items up to your policy limit. Basic coverage reimburses the depreciated value, while replacement cost coverage pays for new equivalent items. | |
Standard | Covers medical and legal costs if someone gets hurt in your rental. Many landlords require this protection. | |
Additional living expenses | Standard | Helps pay for temporary housing, meals and transportation when your rental becomes uninhabitable. Limits vary by insurer. |
Natural disasters | Add-on | Provides coverage for earthquake or flood damage. Available through select insurers as separate policies. |
Parts/Equipment | Add-on | Covers tools, appliances and utilities in your rental |
Scheduled property | Add-on | Insures valuable items up to specific limits |
Identity theft | Add-on | Covers financial losses and legal expenses from identity theft. Some policies include monitoring services. |
Pet liability | Add-on | Protects against injuries caused by your pet, though standard policies may include this |
Modifications | Add-on | Covers custom additions you've made to your rental |
Food loss | Add-on | Reimburses food lost during covered incidents |
Best Renters Insurance in Idaho: Bottom Line
State Farm and Nationwide offer Idaho's best and most affordable renters insurance. While we recommend these companies, research and compare multiple quotes to find the best deal for your needs.
Renters Insurance in Idaho: FAQ
Below are our experts' answers to frequently asked questions:
What is the cheapest renters insurance company in Idaho?
State Farm offers the cheapest renters insurance in Idaho, with an average annual premium of $176 or $15 per month.
What is the best renters insurance company in Idaho?
State Farm is the best renters insurance company in Idaho, with a MoneyGeek score of 93 out of 100 for its excellent balance of cost-effectiveness, customer satisfaction and comprehensive coverage options.
How much does renters insurance cost in Idaho?
The average cost of renters insurance in Idaho is $220 per year or $18 per month, 9% less than the national average. Annual premiums range from $176 to $335.
Is renters insurance required in Idaho?
Idaho doesn't legally require renters insurance, but your landlord may. Consider your situation to decide if a policy makes sense for you. Key reasons to get coverage include protecting your belongings from common hazards and covering liability costs if someone gets hurt in your rental.
How We Found the Best Cheap Renters Insurance Companies
To find the cheapest renters insurance in Idaho, we used this base profile:
- $50K personal property coverage
- $100K liability coverage
- $1,000 deductible
- Property replacement coverage
- Good credit score
This profile determined our affordability score (60% of the total score). The remaining factors included:
- Customer satisfaction from industry research (25%)
- Add-on coverages (10%)
- Financial strength ratings (5%)
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!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.
sources
- Insurance Information Institute. "Facts + Statistics: Identity Theft and Cybercrime." Accessed April 24, 2025.
- State of Idaho Hazard Mitigation Plan. "Hazards in Idaho." Accessed April 24, 2025.
- U.S. News. "Low Property Crime Rate." Accessed April 24, 2025.