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The Cheapest and Best Renters Insurance in St. Louis

The Companies With the Cheapest Renters Insurance in St. Louis

Many insurers in St. Louis offer renters insurance policies with the same core coverages. That’s why it’s essential to consider providers’ cost before purchasing a policy. If you want the most affordable rates, you should shop around and compare quotes from many companies to find the best deal.

MoneyGeek found that the following companies offer the cheapest renters insurance in St. Louis:

  • USAA: $104 per year (only provides policies for current and former military members)
  • State Farm: $115 per year

Renters that purchase a policy from USAA can get even better value, as its policies come with flood and earthquake damage coverage. USAA also reimburses you the replacement cost of your items.

The average costs used in this study are based on policies with $20,000 in personal property coverage limits, $100,000 in liability coverage limits and a deductible of $500. You can use the table below to understand how these costs change based on your personal property coverage limits.

If you don't live in St. Louis, you can also compare the cost of renters insurance in Missouri.

Average Annual Rates for Personal Property Insurance

Personal Property Coverage:


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What Are the Best Renters Insurance Companies in St. Louis?

MoneyGeek analyzed different renters insurance companies and found that the following ones are the best options for renters insurance in St. Louis:

  • Best Overall: USAA (only provides policies to current and former military members)
  • Runner-Up: State Farm

These companies ranked the highest on our unique scoring system that incorporates affordability, customer satisfaction ratings from J.D. Power and financial stability ratings from AM Best. Their policies also include unique coverages not offered by most renters insurance companies.





User Satisfaction


Financial Stability

Geek Quick Take
Geek Quick Take

With perfect scores in all categories, including customer service and affordability, USAA is MoneyGeek’s top pick for renters insurance in St. Louis. However, the company only offers policies to current and former military members.

More About USAA

MoneyGeek’s research shows that USAA is consistently the best option for renters insurance across the country. If you decide to move or are deployed abroad after purchasing a policy from this company, it will still provide you coverage. USAA also offers additional discounts to current military members, making its policy even cheaper.

State Farm




User Satisfaction


Financial Stability

Geek Quick Take
Geek Quick Take

State Farm was ranked as the second-best company for renters insurance in St. Louis based on excellent customer service and affordability scores. The insurer offers an optional add-on coverage to protect against earthquake related damages.

More About State Farm

State Farm’s policies are consistently one of the best options for renters insurance across the country. The company offers identity restoration coverage to its policyholders for only $25 per year. It also offers the add-on option, inflation coverage, which automatically increases your personal property coverage limits over time.

The Average Cost of Renters Insurance in St. Louis for 2024


renters insurance is equal to the average.

The average cost of renters insurance in St. Louis is $150 per year or $13 per month. Compared to the national average of $159 per year, the cost of purchasing renters insurance in St. Louis is $9 less.

What Factors Impact Renters Insurance Costs in St. Louis?

While there are several factors that impact the cost of your renters insurance, the following factors most significantly impact your rate:

  1. Personal property coverage amount. It’s one of the primary factors affecting your renters insurance costs. Insurers will charge you higher insurance premiums if you want to cover more personal items.
  2. Location. Your location also affects your insurance costs. If you live in an area with a high crime rate, insurance companies will charge you higher rates due to the probability of theft.
  3. Deductible. It refers to the amount the policyholder pays before the insurance coverage kicks in. If you opt for a policy with a high deductible, the insurer will charge you lower rates.
  4. Actual Cash Value (ACV) vs. Replacement Cost Value (RCV). An RCV policy generally costs more as it covers the present-day cost of replacing your valuable items, while an ACV will reimburse you the cost of your depreciated item.
  5. Liability coverage amount. Your liability coverage amount does not significantly impact the cost of your policy, as you can purchase thousands of dollars worth of additional coverage for only a few dollars per year.

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Does My St. Louis Neighborhood Impact Cost of Renters Insurance?

The neighborhood you live in has a minor impact on the cost of your renters insurance policy. MoneyGeek found that your neighborhood only increases your policy price by a couple of dollars per month.

Understanding Renters Insurance in St. Louis

Renters in St. Louis are not required by the law to purchase renters insurance. However, MoneyGeek strongly recommends buying a policy because it’s a low-cost way to protect your valuable personal items in case of loss, theft or damage. Sometimes, your landlord may also require it.

What Does Renters Insurance Cover in St. Louis?

Before choosing an insurer and signing up for a policy, you should assess your needs and the coverage amount that works best for you. This will help you choose the right policy based on your present circumstances.

A standard renters insurance policy benefits renters living in an area with a high crime rate, as it protects against theft of valuable personal items. In 2018, the FBI reported that the property crime rate in St. Louis was 5,016 per 100,000 people — 153% more than the national average. To protect against the high incidence of theft, renters in St. Louis should consider purchasing insurance.

With a renters insurance policy, companies generally provide the following coverages:

  • Personal property coverage: It helps you pay for the repair or replacement of your personal items like furniture, clothes, jewelry, etc., in case of loss due to a covered event like theft or fire.
  • Additional living expenses: If your rental property is struck by a disaster and becomes uninhabitable, this coverage will cover the costs of your temporary living arrangements.
  • Liability insurance: It helps cover the legal costs and court fees if an accident at your rental property causes injuries and damage.
  • Medical payments coverage: If a guest is injured at your rental property due to an accident, this coverage will pay for their medical treatment and cover other hospital costs.

What Is Not Covered by Renters Insurance in St. Louis?

The structure of your home or apartment is not covered under a renters insurance policy. For instance, if the structure of your rental home is damaged, the insurance company won’t pay for its repairs. It's the responsibility of the homeowner to purchase a separate insurance policy that covers structural damage.

While a renters policy covers the cost of water damage in certain situations, it doesn't provide coverage if the damage is flood-related. If you want protection from flood damage, it's best to purchase incremental insurance through the National Flood Insurance Program (NFIP).

Additionally, a standard renters policy won't cover your roommate's possessions, damage from earthquakes, damage to your car or jewelry and other items whose value exceeds the policy’s limits.

However, since every renters policy is different, you should read your policy thoroughly to understand what it does and doesn't cover.

Frequently Asked Questions About Renters Insurance in St. Louis

MoneyGeek researched the following frequently asked questions to help you better understand renters insurance in St. Louis:

How much is renters insurance in St. Louis on average?
What is the cheapest renters insurance company in St. Louis?
What is the best renters insurance company in St. Louis?
Do I need renters insurance in St. Louis?

Renters Insurance in St. Louis Analysis: Methodology

Moneygeek analyzed hundreds of renters insurance quotes in St. Louis to help you find cheap renters insurance. The best renters insurance rankings were determined using data from J.D. Power, AM Best, and our affordability metrics that are derived from a comprehensive analysis of quotes provided by Quadrant.

About Mark Fitzpatrick

Mark Fitzpatrick headshot

Mark Fitzpatrick has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.