State Farm is the best renters insurance provider, with a score of 92 out of 100, and it is the best in 22 states. Auto-Owners is our second-best renters insurance company and the winner in six states.
Chubb has the best customer service and renters insurance for people with poor credit. USAA tops the list for military members.
Renters insurance costs vary by location, with the national average at approximately $15 monthly. Costs are affected by factors like local crime rates, natural disaster risks and regional insurance regulations.
With a score of 96, State Farm is the overall best renters insurance provider across different coverage levels, balancing affordability and excellent customer service. The ideal provider for you may differ depending on your profile and needs. Below are the top renters insurance companies by category.
Best For | Company | MoneyGeek Score |
|---|---|---|
State Farm | 92 | |
State Farm | 96 | |
Chubb | 87 | |
Chubb | 94 | |
USAA | 100 |
State Farm offers the best balance between affordability and customer satisfaction, earning it a high MoneyGeek score across different coverage levels. Auto-Owners follows. The table below shows the best renters insurance scores and costs overall.
| State Farm | 92 | $8 | $101 |
| Auto-Owners Insurance | 88 | $9 | $103 |
| Nationwide | 85 | $11 | $133 |
| American Family | 83 | $11 | $137 |
| Chubb | 80 | $14 | $165 |
| Allstate | 79 | $10 | $122 |
| Farmers | 69 | $14 | $170 |
| Travelers | 57 | $21 | $257 |
State Farm tops the list with a MoneyGeek score of 92 out of 100. It offers affordable coverage at just $8 monthly ($101 annually), while maintaining strong customer satisfaction ratings and comprehensive protection options that balance cost and quality.
State Farm ranks as the top renters insurance provider in MoneyGeek's analysis, scoring 92 out of 100. It excels in affordability and financial stability, while also earning high marks for customer satisfaction. With nationwide coverage, it serves renters across the country at varying rates by location.
Affordability and Coverage Options
State Farm offers flexible coverage tiers to accommodate different renter needs:
Each tier includes personal property coverage, liability protection, medical payments and additional living expenses. Optional add-ons include identity theft protection and valuable items coverage. Policies cover fire, theft and water damage (except natural flooding).
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:
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. According to the National Association of Insurance Commissioners, State Farm has fewer customer complaints than expected for a company of its size, demonstrating strong service reliability. Claims can be filed online, via mobile app or through its dedicated phone line.
Why Choose State Farm
As America's largest home insurer, State Farm combines affordability with financial stability. User-friendly digital tools simplify policy management, while its extensive agent network provides personalized service when needed.
Auto-Owners is the next best provider, earning a MoneyGeek score of 88 out of 100.
Auto-Owners earns a MoneyGeek score of 88 out of 100, ranking as the second-best renters insurance provider nationwide. It excels in affordability while offering more endorsements than many competitors.
Affordability and Coverage Options
Auto-Owners offers flexible coverage tiers at competitive rates:
Standard protections per tier include property coverage, liability, medical payments and living expenses. The "Renters Plus" package covers food spoilage, backed-up drains and waterbed liability.
Their standout Contents Replacement coverage pays full replacement value without depreciation. While lacking cyber/identity theft protection, Auto-Owners provides strong coverage for physical belongings.
Discounts Available
Auto-Owners offers numerous ways to save on renters insurance premiums:
Customer Service Experience
According to the National Association of Insurance Commissioners (NAIC), Auto-Owners draws significantly fewer complaints than expected for a company of its size, suggesting high customer satisfaction with its service and claims handling. The company earned a customer service score of 84 out of 100 from MoneyGeek, indicating reliable support when policyholders need assistance.
One drawback is that limited digital capabilities require working with local agents rather than self-service options.
Why Choose Auto-Owners
Auto-Owners delivers exceptional value through 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 well-suited for renters who appreciate hands-on customer service, want robust coverage for their belongings and can take advantage of its numerous discount opportunities.
The best renters insurance provider varies by location. State Farm is the top company in most states. Below are the top companies by state and city to help you find the best options in your area.
State Farm is the best provider in 22 states. Nationwide ranks first in seven states, while Chubb ranks first in six. Seven other providers also rank first in various states. Find your state below and follow the link to learn more about the best and cheapest renters insurance companies where you live and based on your desired dwelling coverage.
| State Farm | 96 | $27 |
| Auto-Owners Insurance | 91 | $31 |
| COUNTRY Financial | 82 | $35 |
| Nationwide | 82 | $54 |
| Allstate | 69 | $63 |
| Travelers | 61 | $92 |
| Foremost Insurance | 45 | $90 |
The best renters insurance companies may also vary by city. Depending on where you live, the top insurer may differ from the overall winner in your state. Filter the table below by state and check the highest-rated providers in your city.
| Birmingham | State Farm | 96 | $31 |
| Birmingham | Auto-Owners Insurance | 90 | $36 |
| Birmingham | Nationwide | 84 | $49 |
| Birmingham | COUNTRY Financial | 82 | $38 |
| Birmingham | Foremost Insurance | 65 | $52 |
| Birmingham | Travelers | 61 | $84 |
| Birmingham | Allstate | 59 | $74 |
| Huntsville | State Farm | 95 | $23 |
| Huntsville | Auto-Owners Insurance | 93 | $23 |
| Huntsville | Nationwide | 80 | $50 |
| Huntsville | COUNTRY Financial | 80 | $34 |
| Huntsville | Allstate | 76 | $44 |
| Huntsville | Foremost Insurance | 62 | $52 |
| Huntsville | Travelers | 61 | $82 |
| Mobile | State Farm | 96 | $31 |
| Mobile | Auto-Owners Insurance | 93 | $34 |
| Mobile | Nationwide | 89 | $64 |
| Mobile | COUNTRY Financial | 85 | $40 |
| Mobile | Allstate | 78 | $81 |
| Mobile | Travelers | 76 | $125 |
| Mobile | Foremost Insurance | 43 | $189 |
| Montgomery | State Farm | 96 | $26 |
| Montgomery | Auto-Owners Insurance | 93 | $28 |
| Montgomery | Nationwide | 83 | $50 |
| Montgomery | COUNTRY Financial | 81 | $37 |
| Montgomery | Foremost Insurance | 69 | $44 |
| Montgomery | Travelers | 61 | $87 |
| Montgomery | Allstate | 58 | $78 |
If you're looking for affordability paired with excellent customer service, State Farm stands as the top budget-friendly choice for $20K in personal property coverage. The company excels with a 96 out of 100 MoneyGeek score specifically for value. At $8 monthly ($101 annually), State Farm provides exceptional cost-to-coverage benefits, making it ideal for budget-conscious renters unwilling to compromise on protection quality.
State Farm consistently ranks as the top value provider for renters insurance nationwide, with a MoneyGeek value score of 96 out of 100. This reflects the company's ability to deliver premium protection at budget-friendly rates while maintaining high customer service and financial stability standards.
Affordability and Coverage Options
State Farm offers excellent value across all coverage tiers:
These rates significantly undercut industry averages. State Farm's standard coverage includes personal property protection, liability coverage, medical payments to others and additional living expenses for temporary housing. While offering fewer endorsement options than competitors, it provides valuable add-ons like cyber event/ID theft protection.
State Farm maintains consistent pricing across different property values, offering better value as coverage limits increase. This makes it advantageous for renters with substantial belongings or those in premium apartments.
Discounts Available
State Farm enhances its value through several money-saving opportunities:
These discounts can significantly reduce already competitive premiums, though availability varies by state. The multi-policy discount delivers strong value for customers who also need auto coverage.
Value Comparison
State Farm outperforms competitors in value metrics, offering rates 30 to 40% below industry standards while maintaining superior customer satisfaction. The company ranks first in value across 22 states for $20K coverage and in 31 states for higher coverage levels, showing consistent value regardless of location.
When comparing premiums to benefits, State Farm delivers exceptional dollar-for-dollar value. While Travelers offers more endorsements and Chubb provides premium service features, State Farm strikes the optimal balance between affordability and quality.
Why State Farm Delivers Best Value
State Farm achieves value leadership through operational efficiency, massive scale as America's largest insurer and a direct agent model that minimizes overhead. By focusing on core coverages rather than specialized add-ons, it delivers essential protection at lower rates. For renters seeking maximum protection per premium dollar, State Farm consistently delivers the industry's best value proposition.
In MoneyGeek's study to find the best cheap option, we emphasized cost over coverage and found that State Farm continued to rank first. The table below shows major insurers, their MoneyGeek scores for value for money and average renters insurance premiums.
| State Farm | 96 | $8 | $101 |
| Auto-Owners Insurance | 94 | $9 | $102 |
| Nationwide | 85 | $11 | $133 |
| Allstate | 84 | $10 | $121 |
| American Family | 83 | $11 | $136 |
| Chubb | 77 | $14 | $165 |
| Farmers | 69 | $14 | $167 |
| Travelers | 47 | $21 | $255 |
Chubb is the best renters insurance provider if you prioritize customer service, with a MoneyGeek score of 87 out of 100. It distinguishes itself through a premium service experience, while remaining reasonably priced at $14 monthly ($165 annually). Chubb features high claims handling scores and responsive customer support.
Chubb stands out for its exceptional customer satisfaction ratings. It earned a MoneyGeek score of 87 out of 100, placing it at the top of national rankings. This rating is validated by its first-place finish in J.D. Power's 2025 home insurance claims satisfaction study with a 773 out of 1,000 score.
Affordability and Coverage Options
Chubb offers competitive pricing across coverage tiers, with rates varying by location:
While not the cheapest option nationally, Chubb provides exceptional value in several states — coverage starts at just $83 annually in Virginia and $64 in Minnesota. Each policy includes premium features exceeding industry standards, such as contents replacement cost coverage for damaged or stolen items.
Chubb offers distinctive protections including rental car coverage, valuable articles coverage and cyber protection against online threats and identity theft that many competitors don't include.
Discounts Available
Chubb offers several discount opportunities:
Customer Service Experience
Chubb's service excellence is reflected in its low complaint ratio — just 0.21 compared to the industry median of 1.00 (National Association of Insurance Commissioners). It prioritizes seamless claims processing, responsive communication and personalized attention throughout the customer journey.
Service channels include a mobile app, online portal, dedicated email and 24/7 phone support. Specialized representatives guide customers through claims with efficiency and empathy.
Why Choose Chubb
Chubb is ideal for renters who prioritize exceptional service and premium coverage over the lowest price. The company demonstrates superior financial stability with an A++ rating from AM Best. Chubb excels in serving customers with valuable possessions through specialized protection and replacement cost coverage. For renters seeking peace of mind through superior service, Chubb delivers an unmatched experience.
MoneyGeek prioritized client claims satisfaction without regard for affordability when determining the top renters insurance provider for customer service options. Check out the major companies' scores and average rates below.
| Farmers | 66 | $14 | $170 |
| State Farm | 80 | $8 | $101 |
| American Family | 82 | $11 | $137 |
| Nationwide | 86 | $11 | $133 |
| Travelers | 86 | $21 | $257 |
| Auto-Owners Insurance | 72 | $9 | $103 |
| Chubb | 87 | $14 | $165 |
| Allstate | 63 | $10 | $122 |
If you have poor credit, Chubb is the best provider, scoring 94 out of 100. At $18 monthly ($221 annually), it balances affordability with excellent service while offering fair rates when competitors charge significantly more.
Chubb renters insurance is the best for poor credit, with a MoneyGeek score of 94 out of 100. Unlike competitors who drastically raise premiums for credit-challenged renters, Chubb maintains competitive rates while delivering premium service.
Affordability and Coverage Options
Despite serving an upscale clientele, Chubb remains competitive for credit-challenged customers:
Chubb's standard policies include premium features others charge extra for, such as contents replacement cost coverage that pays full replacement value. The company also offers rental car coverage and valuable articles coverage for high-value possessions.
Discounts Available
Chubb helps credit-challenged customers maximize savings through:
Why Choose Chubb for Poor Credit
Chubb's underwriting approach places less emphasis on credit scores, evaluating customers more holistically. This benefits those with credit challenges who want premium coverage. With a 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.
Use the table below to compare average rates for people with poor credit scores across companies and coverage levels.
| Chubb | 94 | $18 | $222 |
| Nationwide | 92 | $17 | $208 |
| State Farm | 92 | $16 | $196 |
| American Family | 91 | $21 | $251 |
| Allstate | 84 | $15 | $182 |
| Travelers | 83 | $67 | $807 |
| Farmers | 81 | $31 | $374 |
| Auto-Owners Insurance | 51 | $191 | $2,292 |
Your credit score impacts renters insurance premiums because insurers use it to assess the likelihood of filing a claim. A higher score suggests responsible financial behavior, which can lower your risk profile and lead to lower premiums. Conversely, a lower credit score may result in higher premiums, as it's seen as a potential indicator of greater risk.
USAA, exclusively serving military members, veterans and their families, is the top choice for renters insurance for the military community. With a MoneyGeek score of 100 out of 100, coverage starts at $10 per month. The company specializes in protection for military personnel, offering tailored coverage options that address the unique needs of service members.
USAA stands as the best renters insurance provider exclusively serving military personnel, veterans and their families. With industry-leading satisfaction scores and specialized coverage options, USAA maintains an extraordinary 96% member retention rate.
Affordability and Coverage Options
USAA offers competitive rates below national averages:
Policies include military-specific benefits at no extra cost. USAA includes flood and earthquake coverage as standard. Military uniforms are covered with zero deductible while on duty, and coverage extends worldwide, including during deployments.
Optional coverages include enhanced electronics protection with a $250 deductible, valuable personal property coverage and replacement cost options.
Military Eligibility Requirements
USAA membership is required for renters insurance and is exclusively available to:
Once established, membership is lifelong and can be passed down to eligible family members, creating a multi-generational insurance relationship.
Discounts Available
USAA offers several military-focused discounts:
Customer Service Experience
USAA's service is tailored to military needs, with representatives who understand deployment challenges and PCS (Permanent Change of Station) moves. The company maintains low complaint ratios and offers 24/7 worldwide access through mobile and digital tools.
Claims handling accommodates deployment schedules and overseas service, with flexible payment options aligned with military pay schedules.
Why Choose USAA
USAA delivers unmatched value for eligible military members through its understanding of the military lifestyle. The member-owner structure prioritizes member benefits over shareholder profits. Qualified members access an insurer designed for their unique needs throughout all phases of military life.
USAA has high customer satisfaction scores and some of the most competitive rates in the industry. Check the table below to explore how USAA performs and how much it costs with different premiums.
| USAA | $20K Personal Property | 100 | $10 | $125 |
| USAA | $50K Personal Property | 100 | $16 | $188 |
| USAA | $100K Personal Property | 100 | $23 | $280 |
| USAA | $250K Personal Property | 100 | $53 | $634 |
Choosing the right renters insurance depends on what matters most to you. If keeping costs low is a priority, you might go with the provider offering the most affordable rates. If excellent customer service and timely claims handling are more important, you may prefer a company with a strong reputation for service in your area. Find out more about securing the right renters insurance policy for your needs and circumstances below.
At MoneyGeek, we believe renters can enjoy both affordability and quality service, along with the coverage they need. You can find the best insurance provider for your situation by following a few simple steps.
Before choosing a renters insurance policy, evaluate your required personal property coverage. Take inventory of your belongings and estimate their total value, including electronics, furniture and other valuables. This helps ensure you select a policy with adequate protection in case of loss or damage.
Once you know your coverage needs, compare multiple insurance providers to find one that offers the right balance of affordability and customer service. Check customer reviews, J.D. Power ratings and financial stability ratings to gauge each provider's reputation. This will help you identify companies that match your priorities.
Request quotes from several renters insurance companies based on your coverage requirements. Provide accurate information about your living situation and property value to get reliable estimates. Comparing quotes shows which provider offers the best rates for the coverage you need.
Check for discounts you might qualify for, such as bundling with auto or home insurance, having protective devices in your apartment or being a loyal customer. Many providers offer significant savings through these discounts, which can lower your premium without compromising coverage.
Before finalizing your policy, review the terms and conditions, including coverage exclusions and limits. Pay attention to details like liability limits and endorsements for additional protection, such as identity theft or pet damage coverage. Understanding the fine print prevents surprises when filing a claim.
Once you've chosen the right policy, complete the purchase and keep copies of all relevant documents. Store a digital or physical copy of your policy for easy access in case you need to file a claim. This final step leaves you fully prepared and protected.
College students living in dorms may be covered under their parents' homeowners policy, but they should verify coverage limits and restrictions. First-time renters often underestimate their property value, so conducting a thorough inventory is essential. Consider lower deductibles despite slightly higher premiums, as you likely have less financial flexibility for out-of-pocket expenses.
Some insurers exclude certain dog breeds or exotic pets entirely, while others charge higher premiums or require additional liability coverage. Make sure your policy explicitly covers pet-related damages and injuries to avoid denied claims. Consider increasing liability coverage to at least $300,000 if you have pets, regardless of breed.
Standard renters policies typically limit business property coverage to $2,500 and may exclude liability for business-related injuries. Dedicated business endorsements or separate policies are necessary for inventory, specialized equipment and client visits. Some insurers offer affordable home business add-ons for remote workers with minimal equipment needs.
Traditional renters insurance may not cover properties rented through services like Airbnb or VRBO. Short-term rental platforms often provide limited host protection insurance, but coverage gaps remain. Look into specialized short-term rental insurance if you frequently move between temporary accommodations.
Many insurers offer age-based discounts for renters over 55 or 65 years old. Collection of valuables accumulated over a lifetime often exceeds standard sub-limits and requires scheduled endorsements. Consider policies with identity theft protection, as seniors are frequently targeted for financial scams.
Here are the steps to help you determine the right level of renters insurance personal property coverage:
To find the best renters insurance company for your needs, request quotes from multiple providers, review discounts for bundling policies or installing safety devices and consider coverage options specific to your situation. You can use our renters insurance calculator below to get estimates from different companies.
MoneyGeek's renters insurance calculator will give you a customized estimate of your renters insurance costs.
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Rates updated:
Jun 06, 2025
Although MoneyGeek partners with some of the companies we recommend, our content is written and reviewed by an independent team of writers, editors and licensed agents. Learn more about our editorial policies and expert editorial team.
Personal Property Coverage: Protects your belongings against covered perils
Personal Liability Coverage: Covers legal/medical expenses if someone is injured in your rental
Medical Payments Coverage: Pays for minor guest injuries regardless of fault
Loss of Use/Additional Living Expenses: Covers temporary housing if your rental becomes uninhabitable
Standard Policy Exclusions
Property Type Exclusions
Activity Exclusions
Here is how claims work on your renters insurance.
The best renters insurance companies balance affordability with strong customer service, comprehensive coverage options and financial stability, demonstrated by high ratings from organizations like J.D. Power for customer satisfaction and AM Best for financial strength, ensuring they can reliably process claims quickly and fairly when needed. This guide highlights top-rated insurers for different profiles to help determine the best policy and provider for you.
State Farm tops the list overall. It also earned the highest rating for value for money and is the top company in most states. Auto-Owners ranks second overall. Chubb is the best company for people with poor credit and those who prioritize customer service. Military personnel and families may find the best renters insurance in USAA.
If you still have questions about the best renters insurance, the following answers to some frequently asked questions should help you better understand renters insurance.
Based on MoneyGeek’s criteria, State Farm offers the best renters insurance for most consumers. It combines affordability, customer service and financial stability to give renters the best value. However, if you’re an eligible military service member, USAA is an outstanding choice.
When reviewing the best renters insurance companies, look for a company with low rates, good customer service and fast claim resolution. You can find the lowest rates by comparing multiple insurers online.
Based on MoneyGeek’s methodology, State Farm offers the best renters insurance rates among widely available insurers. On average, a policy with $20K in personal property coverage with State Farm costs $8 per month.
The national average cost for renters insurance is approximately $15 per month ($180 annually) for $20,000 in personal property coverage. However, prices vary significantly based on your location, coverage limits, deductible amount and personal factors like credit score and claims history.
Common discounts include:
Standard renters insurance covers most personal belongings up to your policy limits, but there are typically sub-limits for high-value categories like jewelry, electronics and collectibles. Items exceeding these sub-limits require additional scheduled personal property coverage.
Several factors impact your premium, including:
No, unless they're specifically listed on your policy. Each roommate needs their own renters insurance policy to protect their personal belongings and liability. Sharing a policy is possible but not recommended due to complications with claims and coverage limits.
Most renters insurance policies provide coverage for your belongings during a move, both in transit and at your new residence, usually for up to 30 days. However, coverage limitations may apply, and damage caused by professional movers is typically excluded.
Standard renters insurance typically covers liability for injuries caused by most pets, but some policies exclude certain dog breeds or exotic animals. Property damage caused by your own pets is generally not covered, as it falls under normal wear and tear.
Why Trust MoneyGeek?
We obtained information from Quadrant Information Services and examined rates of customer and claim satisfaction from top industry assessments: The National Association of Insurance Commissioners (NAIC), AM Best and J.D. Power. To provide the best renters insurance solutions for different renter profiles and demands, as well as at the national and state levels, MoneyGeek developed a ranking methodology to compare the data.
Methodology
Using average premium data from all 50 states, MoneyGeek created a customized grading system for each renters insurance company based on four important performance categories: customer service, affordability, financial stability and coverage alternatives. Renters can assess a provider's ability by looking at the total MoneyGeek score derived from these combined qualities.
Reviews and Rankings Methodology
MoneyGeek's rankings are derived from manually gathered data from user-facing insurance offerings and data from reputable consumer reporting agencies:
We prioritize affordability while assigning a scale and weight to each element of an insurer's performance. We then add together all of these individual scores to get a total score of 100. Depending on the category, we modify pricing information based on the persona, state or coverage limit.
Renters Insurance Profile
To collect quotes for our study, we used a sample profile of a typical renter with the following attributes:
Renters Insurance Coverage Details
Unless otherwise noted, we used these coverage limits to generate our quote analysis for renters insurance:
We also expanded our research to include renters who need more personal property coverage.
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.
