Best Renters Insurance Companies for 2025

State Farm ranks as the top renters insurance provider in MoneyGeek's analysis with an impressive score of 92 out of 100. The company excels particularly in affordability and financial stability while also earning high marks for customer satisfaction. State Farm offers nationwide coverage, making it accessible to renters across most of the country with varying rates based on location.

Affordability & 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 standard protections such as personal property coverage, liability coverage, medical payments to others, and additional living expenses. The company also offers optional add-ons including cyber event/identity theft protection and coverage for valuable items. Their policies typically cover fire damage, theft, and water damage from burst pipes, though they exclude flood damage from natural water sources.

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 maintains its competitive edge 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
• Option to choose higher deductibles to lower monthly premiums

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. With fewer customer complaints than expected for a company its size according to the National Association of Insurance Commissioners, State Farm demonstrates strong service reliability. The company offers multiple convenient options for filing claims, including online, through their mobile app, or by calling their dedicated claims line.

Why Choose State Farm

State Farm stands out for offering an excellent balance of affordability, reliability, and accessibility. As the largest home insurer in the United States, the company brings financial strength and stability that provides peace of mind for renters. Their user-friendly digital tools make policy management and claims filing straightforward, while their extensive network of local agents allows for personalized service when needed.

Read MoneyGeek’s State Farm review.

Auto-Owners Insurance earns an impressive MoneyGeek score of 88 out of 100, ranking as the second-best renters insurance provider nationwide. The company stands out for its strong performance in both affordability and coverage options, offering excellent value while providing a broader range of endorsements than many competitors.

Affordability & Coverage Options 
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

Each tier includes standard protections such as personal property coverage, liability coverage, medical payments to others, and additional living expenses. Auto-Owners distinguishes itself with specialized optional coverages through its "Renters Plus" package, which includes protection for refrigerated food spoilage during power outages, water damage from backed-up drains or sewer lines, and waterbed liability.

A standout feature is Auto-Owners' Contents Replacement coverage, which pays to repair or replace belongings without consideration for depreciation—ensuring customers receive the full value needed to purchase new items rather than just their depreciated worth. Though the company doesn't offer Cyber Event/ID Theft coverage (which is available through some competitors), it provides robust protection for physical belongings.

Discounts Available 
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 recent claims history
• Payment history discount for customers who consistently pay on time
• Special discounts for retirees over age 55

Customer Service Experience 
Auto-Owners draws significantly fewer complaints than expected for a company its size according to the National Association of Insurance Commissioners (NAIC), suggesting high customer satisfaction with its service and claims handling. The company earned a strong customer service score of 84 out of 100 from MoneyGeek, indicating reliable support when policyholders need assistance.

One potential drawback is Auto-Owners' limited digital capabilities—the company lacks online quote tools and claims filing options available through many competitors. Customers must work directly with local independent agents for most service needs, which may be inconvenient for those who prefer self-service digital options but beneficial for those who value personalized assistance.

Why Choose Auto-Owners 
Auto-Owners stands out for delivering exceptional value through a combination of 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 particularly well-suited for renters who appreciate hands-on customer service, want robust coverage for their belongings, and can take advantage of the company's numerous discount opportunities.

State Farm consistently ranks as the top value provider for renters insurance nationwide with an exceptional MoneyGeek value score of 96 out of 100. This impressive rating reflects the company's ability to deliver premium protection at budget-friendly rates while maintaining high standards for customer service and financial stability.

Affordability & Coverage Options 
State Farm offers excellent value across all coverage tiers:

• $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)

These rates significantly undercut industry averages while providing comprehensive protection. State Farm's standard coverage includes personal property protection, liability coverage, medical payments to others, and additional living expenses for temporary housing. While the company offers fewer endorsement options than some competitors, it does provide valuable add-ons like cyber event/ID theft protection to help restore your identity and finances after fraud incidents.

The value proposition extends beyond price alone – State Farm maintains consistent pricing across different property values, offering proportionally better value as coverage limits increase. This scalability makes State Farm particularly advantageous for renters with substantial personal belongings or those living in premium apartments.

Discounts Available 
State Farm enhances its value through several money-saving opportunities:

• 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
• Option to choose higher deductibles to lower monthly premiums

These discounts can significantly reduce already competitive premiums, though availability varies by state. The multi-policy discount delivers particularly strong value, making State Farm an ideal choice for customers who also need auto coverage.

Value Comparison 
State Farm consistently outperforms competitors in value metrics, offering rates that average 30-40% below industry standards while maintaining superior customer satisfaction ratings. The company ranks first in value across 22 states for $20K coverage and in 31 states for $50K and $100K coverage levels, demonstrating consistent value regardless of location or coverage needs.

When comparing premiums to benefits received, State Farm delivers exceptional dollar-for-dollar value. While companies like Travelers may offer more endorsement options and Chubb provides more premium service features, State Farm strikes the optimal balance between affordability and quality – the essence of true value.

Why State Farm Delivers Best Value 
State Farm achieves this value leadership through operational efficiency, massive scale as America's largest insurer, and a direct agent model that minimizes overhead compared to some competitors. The company focuses on core coverages rather than specialized add-ons, allowing it to deliver essential protection at lower rates. For renters seeking maximum protection per premium dollar paid, State Farm consistently delivers the industry's best value proposition.

Chubb stands out as an elite provider in the renters insurance market with exceptional customer satisfaction ratings. The company earned a remarkable MoneyGeek score of 87 out of 100 specifically for customer satisfaction, placing it at the top of national rankings for service quality. This superior rating is further validated by its first-place finish in J.D. Power's 2025 home insurance claims satisfaction study with a score of 773 out of 1,000.

Affordability & Coverage Options 
Chubb offers competitive pricing across coverage tiers, though rates vary significantly 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 always the cheapest option nationally, Chubb provides exceptional value in several states. In Virginia, for example, it offers coverage starting at just $83 annually, while in Minnesota, premiums begin at $64. Each policy includes comprehensive protection with premium features that exceed industry standards, such as contents replacement cost coverage—which pays the full cost to replace damaged or stolen items rather than just their depreciated value.

Chubb specializes in high-quality coverage options that complement its superior customer service. The company offers several distinctive protections including rental car coverage that provides primary insurance for rental vehicles and valuable articles coverage for high-value possessions. Its cyber coverage is particularly noteworthy in today's digital environment, offering protection against online threats and identity theft that many competitors don't include.

Discounts Available 
Chubb enhances its value proposition through several discount opportunities:

• Protective device discount for renters whose buildings have security and fire prevention systems
• Bundle discount when combining renters and auto insurance policies
• Claims-free discount for customers who maintain a clean record over three years
• Home renovation discounts for properties with recent upgrades
• New home discounts for recently constructed properties

Customer Service Experience 
Chubb's customer service excellence is reflected in its remarkably low complaint ratio. According to the National Association of Insurance Commissioners (NAIC), Chubb received a complaint index of just 0.21 compared to the industry median of 1.00, indicating it receives significantly fewer complaints than the average insurer. This exceptional performance stems from Chubb's white-glove service approach that prioritizes seamless claims processing, responsive communication, and personalized attention throughout the customer journey.

The company offers multiple convenient channels for customer service access, including an intuitive mobile app, online portal, dedicated email address (customercare@chubb.com), and 24/7 phone support (1-866-324-8222). Claims can be filed through any of these channels, with specialized representatives guiding customers through every step of the process with remarkable efficiency and empathy, making potentially stressful situations much more manageable.

Why Choose Chubb 
Chubb is the ideal choice for renters who prioritize exceptional customer service and premium coverage over finding the absolute lowest price. The company's perfect A++ rating from AM Best demonstrates superior financial stability, ensuring it can fulfill obligations even during widespread disaster scenarios. Chubb particularly excels in serving customers with valuable possessions, offering specialized protections and replacement cost coverage that ensures possessions are replaced with new items rather than compensated at depreciated values. For renters seeking peace of mind through superior service, Chubb consistently delivers an unmatched experience.

USAA stands as the best renters insurance provider exclusively serving military personnel, veterans, and their families. With industry-leading customer satisfaction scores and specialized military-focused coverage options, USAA has established itself as the best for military community insurance needs, maintaining an extraordinary 96% member retention rate.

Affordability & Coverage Options
 USAA offers competitively priced renters insurance with rates typically 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)

Each policy includes not just standard protections but also military-specific benefits at no additional cost. Notably, USAA is one of the few insurers to include flood and earthquake coverage as standard rather than expensive add-ons. Military uniforms and equipment are covered with zero deductible while on active or reserve duty, and coverage extends worldwide, including during deployments and overseas assignments.

Optional coverages include enhanced electronics protection with a $250 deductible, valuable personal property coverage for high-value items with no deductible, and additional replacement cost options for newer items.

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 Available 
USAA helps military members save through several discount opportunities:

• 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 Experience 
USAA's customer service is tailored specifically to military needs, with representatives who understand service-related terminology, deployment challenges, and PCS (Permanent Change of Station) moves. The company maintains remarkably low complaint ratios compared to industry standards and offers 24/7 worldwide access through a comprehensive mobile app and digital tools.

Claims handling is particularly praised, with specialized processes designed for military members that accommodate deployment schedules and overseas service. The company provides flexible payment options that align with military pay schedules and offers coverage adjustments during deployments without penalties.

Why Choose USAA
 For eligible military members and their families, USAA delivers unmatched value through its understanding of military lifestyle challenges. The member-owner structure ensures the company focuses on member benefits rather than shareholder profits. Though availability is restricted to those with military connections, qualified members gain access to an insurer specifically designed for their unique needs throughout all phases of military life, from active duty through retirement.

Chubb renters insurance is the best renters insurance for poor credit with a MoneyGeek score of 94 out of 100. Unlike many competitors who drastically raise premiums for credit-challenged renters, Chubb maintains competitive rates while still delivering premium service, making it the standout choice for this demographic.

Affordability & Coverage Options
Despite serving an upscale clientele, Chubb remains surprisingly competitive for credit-challenged customers:

• $20,000 Coverage: Approximately $18 per month ($222 annually)
• $50,000 Coverage: Approximately $39 per month ($465 annually)
• $100,000 Coverage: Premium data varies by location

Chubb's standard policies include premium features that other insurers charge extra for, such as contents replacement cost coverage that pays full replacement value rather than depreciated value. The company also offers distinctive protections including rental car coverage and valuable articles coverage specifically designed for high-value possessions.

Discounts Available
Chubb helps credit-challenged customers maximize savings through:

• Protective device discount for buildings with security systems
• Bundle discount when combining renters and auto policies
• Claims-free discount for maintaining a clean record over three years
• Multi-policy discounts across their insurance portfolio

Why Choose Chubb for Poor Credit
Chubb's underwriting approach places less emphasis on credit scores than most competitors, instead evaluating customers more holistically. This creates a significant advantage for those with credit challenges who still want premium coverage. Combined with their remarkably low complaint ratio (0.21 compared to industry median of 1.00) and white-glove claims handling, Chubb delivers exceptional value for credit-challenged customers seeking quality protection without compromise.