5/5
Affordability
5/5
User Satisfaction
5/5
Financial Stability
Renters insurance can help you protect your personal property from unexpected damage and theft at a low price. MoneyGeek’s data shows the cheapest renters insurance in Texas costs only $7 per month, versus $14 per month for the most expensive. This means renters can save over $80 per year just by shopping around. The average cost of renters insurance in Texas is $11 per month.
If you’re looking for both quality and cost, MoneyGeek ranked the top renters insurance companies across Texas to help you find the best options at the lowest price. Our scoring system considers affordability, financial strength and customer service in companies across Texas so you can find the best company for your needs.
Ensure you're getting the best rate for your renters insurance. Compare quotes from the top insurance companies.
Quality Verified
For many Texans, the cost of renters insurance is the most important factor when choosing a policy. On average, the two cheapest companies in the state are USAA and Lemonade.
For our sample renter, a USAA policy costs an average of $81 per year or $7 monthly. However, USAA is only available to military members and their eligible family members. If you do not qualify for a policy with USAA, coverage with Lemonade costs an average of $84 annually.
The average annual and monthly premiums for every renters insurance provider are based on quotes across a diverse set of ZIP codes in the state for a policy with personal property coverage of $20,000, liability coverage of $100,000 and a deductible of $500.
Personal Property Coverage:
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City | Cheapest Company | Average Annual Premium |
---|---|---|
Arlington, TX | USAA | $80 |
Arlington, TX | Lemonade | $82 |
Arlington, TX | Allstate | $101 |
Arlington, TX | Nationwide | $143 |
Arlington, TX | Amica Mutual | $155 |
Arlington, TX | Farmers | $165 |
Arlington, TX | State Farm | $181 |
Austin, TX | Lemonade | $63 |
Austin, TX | USAA | $79 |
Austin, TX | Allstate | $82 |
Austin, TX | State Farm | $125 |
Austin, TX | Nationwide | $140 |
Austin, TX | Amica Mutual | $155 |
Austin, TX | Farmers | $197 |
Corpus Christi, TX | Allstate | $68 |
Corpus Christi, TX | USAA | $103 |
Corpus Christi, TX | Lemonade | $133 |
Corpus Christi, TX | Nationwide | $148 |
Corpus Christi, TX | Amica Mutual | $155 |
Corpus Christi, TX | Farmers | $206 |
Corpus Christi, TX | State Farm | $227 |
Dallas, TX | USAA | $74 |
Dallas, TX | Lemonade | $83 |
Dallas, TX | Allstate | $102 |
Dallas, TX | Farmers | $143 |
Dallas, TX | Nationwide | $144 |
Dallas, TX | Amica Mutual | $152 |
Dallas, TX | State Farm | $162 |
El Paso, TX | Lemonade | $60 |
El Paso, TX | USAA | $76 |
El Paso, TX | Allstate | $85 |
El Paso, TX | State Farm | $126 |
El Paso, TX | Nationwide | $131 |
El Paso, TX | Farmers | $165 |
El Paso, TX | Amica Mutual | $176 |
Fort Worth, TX | USAA | $71 |
Fort Worth, TX | Lemonade | $82 |
Fort Worth, TX | Allstate | $93 |
Fort Worth, TX | Nationwide | $140 |
Fort Worth, TX | Amica Mutual | $155 |
Fort Worth, TX | Farmers | $165 |
Fort Worth, TX | State Farm | $176 |
Garland, TX | USAA | $68 |
Garland, TX | Lemonade | $87 |
Garland, TX | Allstate | $111 |
Garland, TX | Farmers | $143 |
Garland, TX | Nationwide | $143 |
Garland, TX | Amica Mutual | $155 |
Garland, TX | State Farm | $166 |
Houston, TX | USAA | $90 |
Houston, TX | Allstate | $103 |
Houston, TX | Lemonade | $112 |
Houston, TX | Farmers | $143 |
Houston, TX | Nationwide | $154 |
Houston, TX | Amica Mutual | $176 |
Houston, TX | State Farm | $218 |
Irving, TX | Lemonade | $87 |
Irving, TX | USAA | $107 |
Irving, TX | Allstate | $114 |
Irving, TX | Nationwide | $142 |
Irving, TX | Farmers | $143 |
Irving, TX | Amica Mutual | $155 |
Irving, TX | State Farm | $166 |
Laredo, TX | Lemonade | $67 |
Laredo, TX | USAA | $75 |
Laredo, TX | Allstate | $82 |
Laredo, TX | Amica Mutual | $135 |
Laredo, TX | Nationwide | $137 |
Laredo, TX | State Farm | $150 |
Laredo, TX | Farmers | $179 |
Lubbock, TX | Lemonade | $73 |
Lubbock, TX | USAA | $74 |
Lubbock, TX | Allstate | $85 |
Lubbock, TX | Nationwide | $135 |
Lubbock, TX | State Farm | $151 |
Lubbock, TX | Amica Mutual | $176 |
Lubbock, TX | Farmers | $182 |
Plano, TX | Lemonade | $60 |
Plano, TX | USAA | $78 |
Plano, TX | Allstate | $86 |
Plano, TX | State Farm | $134 |
Plano, TX | Amica Mutual | $135 |
Plano, TX | Nationwide | $137 |
Plano, TX | Farmers | $140 |
San Antonio, TX | Lemonade | $83 |
San Antonio, TX | USAA | $83 |
San Antonio, TX | Allstate | $90 |
San Antonio, TX | Nationwide | $138 |
San Antonio, TX | Farmers | $140 |
San Antonio, TX | State Farm | $147 |
San Antonio, TX | Amica Mutual | $176 |
Ensure you're getting the best rate for your renters insurance. Compare quotes from the top insurance companies.
Price isn’t everything when shopping for renters insurance in Texas. Policyholders need to know that during the worst-case scenario, their insurance company will be able to support them with timely and effective service at a fair price.
To find the best renters insurance companies in Texas, MoneyGeek scored providers based on affordability, customer service scores from J.D. Power and Associates and financial stability ratings from AM Best.
According to this research, USAA ranks as the best renters insurance company in Texas with a score of 100 out of 100. Keep in mind that USAA is only available to military members, veterans and their eligible family members. Allstate came in second with a score of 91.
USAA provides renters insurance in Texas for members of the military, veterans and their eligible family members. The company has a competitive advantage over other providers because it includes flood and earthquake coverage in its standard policy. Coverage for moving and storage is also included. USAA offers reimbursements on a replacement cost value basis.
Lemonade offers some of the cheapest renters insurance in Texas. It also provides customization options. It’s simple to update your coverage whenever you want using the app. Lemonade easily lets users increase coverage for high-value items like art and jewelry. You can use Lemonade’s app to get a quote in minutes. The company even donates money to a nonprofit of your choosing. In 2020, they donated over $1.1 million to charity.
Allstate scored well because of its affordability, strong financial stability and above-average customer service. When it comes to renters insurance in Texas, Allstate provides comprehensive policies. It offers households the ability to add coverage like flood insurance and identity theft protection. Policyholders can get discounts for having security systems or being claim-free. They can also use Allstate’s app to create a photo log of their possessions, making it easier to decide how much coverage they need.
Nationwide provides standard insurance covering events like theft and fire. Policyholders can also get specialized protection options that cover items like jewelry, watches, cameras and firearms. Discounts are available to policyholders that bundle renters insurance with their car insurance policy. Homes with smoke, fire and burglar alarms also qualify for discounts. Nationwide can give you an estimated policy cost in minutes through its online quote tool.
Based on market share data, the top five biggest insurance carriers in Texas are State Farm with 18% market share, Allstate (13%), USAA (10%), Farmers with (10%) and Liberty Mutual (6%). These companies alone make up over 57% of renters insurance policies in Texas.
If you opt for a large insurer, you can buy renters insurance with the confidence that your policy is backed by a financially stable company that will pay out any legitimate claim.
renters insurance is equal to the average.
The average cost of renters insurance in Texas is $134 per year, which is $25 less than the national average of $159. That works out to the typical Texas renter paying around $11 per month, $2 less than the monthly national average. These rates are for a policyholder who selects personal property coverage of $20,000, liability coverage of $100,000 and a deductible of $500.
Texans can get significant savings by comparing renters insurance quotes. For example, our sample renter could save over $80 per year by choosing the cheapest option, Lemonade, instead of getting the most expensive policy, State Farm. That means savings of approximately $7 per month.
Many different factors can impact how much you pay for renters insurance, from where you live to the type of coverage you’re seeking. Keep these factors in mind when shopping around for renters insurance in Texas.
Ensure you're getting the best rate for your renters insurance. Compare quotes from the top insurance companies.
Renters insurance is a low-cost way to protect your assets in the event of an unexpected event or disaster. It is especially helpful in case of burglary, fire or destruction caused by severe weather conditions.
In Texas, 34.9% of the population are renters and the average rent price is $1,091 per month. For a standard policy with $20,000 in personal property coverage, $100,000 in liability coverage and a $500 deductible policy, the average monthly premium is $11. This is 1.02% of the price of rent.
Before you purchase renters insurance in Texas, it’s important to understand what’s covered and what’s not. While some renters insurance options will offer additional benefits like identity theft insurance, most plans will cover the four basic types of incidents: personal property, additional living expenses, liability insurance and medical payments.
In Texas, personal property insurance will cover many of the damages of major natural disasters such as thunderstorms, wildfires and tornadoes.
Although renters insurance in Texas covers many emergency situations, it doesn’t protect you from every situation. These common issues are usually not covered by your rental insurance policy.
As with all insurance policies, be sure to read the fine print to understand what is covered and what is not. Ask your agent all of your pertinent questions, as they can make the difference between a claim being accepted or denied.
Ensure you're getting the best rate for your renters insurance. Compare quotes from the top insurance companies.
MoneyGeek analyzed renters insurance premiums from seven of the top insurance companies in Texas that were provided in partnership with Quadrant. Our analysis includes quotes from ZIP codes across Texas. Quotes were gathered for policies with personal property coverage of $20,000, liability coverage of $100,000 and a deductible of $500.
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