Best and Cheapest Renters Insurance in Texas 2026

Lemonade, State Farm, and Allstate rank as the top three renters insurers in Texas. Lemonade leads at $122 a year, $50 below the $172 state average, and holds the lowest quote at poor credit too. It also ranks among the best renters insurance companies we track nationally.

We scored 10 Texas providers on the same $20,000 policy for good-credit renters, and these three scored highest.

Lemonade is the cheapest Texas renters insurer at $122 a year, 29% below the $172 state average. Seven of the ten providers we analyzed price below that state average, which itself runs $10 below the $182 national rate.

That $50 cushion matters more in Texas than most states. USAFacts data shows 53% of Texas renter households spend at least 30% of their income on housing, more than double the 24% of owner households, and the renter share climbs above 53% in El Paso, Houston, San Antonio and Dallas. Switching from Farmers at $253 a year to Lemonade at $122 frees up $131 for the same coverage.

Rates are based on an adult renter (ages 26 to 64) with $20,000 in personal property coverage, $100,000 in liability, a $500 deductible, good credit and no claims in the past five years.

Prices group into three tiers. Lemonade, Allstate and USAA each price at least $31 below the $172 state average. State Farm, Farm Bureau, Mercury Insurance and ASI Insurance cluster between $159 and $168. Chubb, Nationwide and Farmers charge $192 to $253, where the higher prices reflect specialized coverage rather than a richer base policy.

USAA's $141 is the third-cheapest rate, but it writes only for current and former military members and their families. A qualifying renter should quote USAA alongside Lemonade and Allstate, especially if USAA already covers the auto policy, since bundling can tip the household savings its way.

Lemonade is cheapest in 37 of the 51 Texas cities we priced and ties Allstate for first in Waco; Allstate takes the other 13, a set that groups along the Gulf Coast and in South Texas where wind and hurricane risk push other providers’ quotes higher.

Texas city prices stretch $121, from Round Rock's $139 average to Port Aransas's $260. Most of that spread is coastal wind risk, not population density. Port Aransas, Corpus Christi, and Webster all border Galveston Bay or the Gulf, while El Paso, 750 miles inland, averages $154.

Renters on or near the Gulf Coast should ask whether a base policy covers wind-driven damage, since some Texas coastal carriers exclude windstorm and hurricane losses. The Texas Windstorm Insurance Association sells separate wind-and-hail contents coverage for renters whose carrier does not.

At $20,000 in personal property coverage, Lemonade is cheapest at $122 a year. Mercury Insurance takes the $50,000 and $100,000 tiers at $205 and $310. State Farm wins the top $250,000 tier at $396, $146 below Mercury.

Mercury Insurance quotes the same $167 base-coverage premium in every Texas city we tested, which is unusual among the ten providers and may reflect a statewide flat rate.

Allstate is the second-cheapest provider at every tier, within $12 of the winner at $20K, $50K, and $100K. That narrow spread means Texas renters at base-to-mid coverage can choose on service model rather than price. Lemonade’s app, Mercury’s flat-rate quote, and Allstate’s local agents all land within $12 of each other. The pattern breaks at $250K, where State Farm leads Mercury by $146. A Texas renter choosing the top coverage tier should go with State Farm.

At $50,000 of coverage, Mercury and Allstate quote within $3 of each other. Start with Mercury if you value consistent statewide pricing, or Allstate if you want local-agent support or plan to bundle with auto.

Lemonade is cheapest for Texas renters at both credit tiers. The $122 good-credit price jumps to $156 at poor credit, the smallest increase in our comparison at $34. Farm Bureau takes second at poor credit with $218. Allstate, the second-cheapest overall at $130, nearly triples to $395 and drops to seventh among the poor-credit ranks.

Rates use the same adult-renter profile with $20,000 in personal property coverage, $100,000 in liability, a $500 deductible and no claims in the past five years, with only credit tier changed.

Credit splits our list cleanly in two. Four providers add less than $130 at poor credit: Lemonade, Farm Bureau, Chubb, and Nationwide. The other five each tack on at least $189, with Farmers hitting $529 a year. A renter rebuilding credit should quote Lemonade and Farm Bureau first.

Under Texas Insurance Code Section 559.052, insurers can use credit information alongside other factors but not as the sole reason to deny, cancel, or nonrenew. For policies issued or renewed on or after January 1, 2026, Section 559.058 lets a renter whose credit has recovered request a re-rate at renewal once in each 12-month period. Request it rather than waiting for the required 36-month refresh.

Comparing three Texas quotes before signing saves renters $50 to $131 a year on the same policy, based on the gap between the state average and the cheapest provider in our comparison.

For most Texas renters, Lemonade at $122 a year is the best and cheapest option, running 29% below the $172 state average and holding the lowest quote even at poor credit. For renters who need $250,000 in personal property coverage, State Farm is the better pick at $396 and also leads J.D. Power’s 2026 renters satisfaction ranking at 702. 

Renters who want a local agent can get one through Allstate for $130. Before signing anything, Gulf Coast renters should confirm their policy covers wind damage, since some Texas coastal carriers exclude it. An hour of quote-pulling can save up to $131 a year on the same coverage.