Best Renters Insurance Companies (2026)

Amica charges an average of $107 annually for renters insurance with $20,000 in personal property coverage, 42% below the national average of $185. At roughly $9 per month, Amica offers the most affordable rates among the top five insurers in our study.

Amica earned the top spot in the J.D. Power 2025 U.S. Home Insurance Study with a score of 711 out of 1,000 points, well above the industry average of 668. Policyholders consistently rate Amica highly for claims handling, policy offerings and customer service. The insurer's agent-based model provides personalized support, though renters seeking extensive mobile app features may find Amica's digital tools less robust than tech-forward competitors like Lemonade.

Amica provides standard renters insurance protection plus several optional coverages that expand financial protection beyond basic policies. Renters can customize their coverage based on individual needs and valuations.

• Scheduled personal property: Separately lists high-value items like jewelry, art collections or collectibles for proper protection against loss or accidental damage
• Replacement cost coverage: Values belongings at today's market price rather than depreciated worth, covering the full cost to replace stolen or damaged items
• Electronics coverage: Protects laptops, smartphones and tablets from accidental damage not covered in standard policies
• Water backup coverage: Covers personal property damage from backed-up drains or sump pump failures
• Identity fraud coverage: Covers legal fees, lost wages and restoration expenses related to identity theft

State Farm charges an average of $134 annually for renters insurance with $20,000 in personal property coverage, 28% below the national average of $185. At roughly $11 per month, State Farm offers competitive rates while maintaining strong customer satisfaction scores.

State Farm earned 685 points in the J.D. Power 2025 U.S. Home Insurance Study, placing it above the industry average of 668 points. The insurer's extensive network of local agents provides personalized service and in-person support when filing claims or adjusting coverage. State Farm's mobile app allows policyholders to manage policies, file claims and access ID cards digitally, though some customers report that complex issues still require agent contact for resolution.

State Farm offers standard renters insurance protection with several optional coverages that provide additional financial security. Renters can add specialized policies based on their unique needs and circumstances.

• Personal Articles Policy: Provides broader financial protection for high-value items like jewelry, art or camera equipment that exceed standard policy limits
• Loss Assessment Coverage: Covers your share of condo association assessments for property damage from insured losses affecting all unit owners
• Personal Liability Umbrella Policy: Adds liability protection beyond standard renters policy limits for claims like libel or slander
• Identity Restoration Coverage: Covers costs for cleaning up identity fraud and may include identity theft monitoring alerts
• Pet Medical Insurance: Separate policy that helps pay for veterinary medical treatments

Lemonade charges an average of $122 annually for renters insurance with $20,000 in personal property coverage, 34% below the national average of $185. At roughly $10 per month, Lemonade offers competitive rates with transparent pricing and no hidden fees.

Lemonade earned a score of 661 in the J.D. Power 2025 U.S. Home Insurance Study, slightly below the industry average of 668. Customer reviews highlight its fast digital claims process and user-friendly mobile app. The insurer uses AI-powered chatbots to handle quotes, policy changes and claims filing in minutes, with some claims paid instantly. Renters who prefer in-person agent support or phone conversations may find Lemonade's app-only approach limiting, though the company's streamlined digital experience resonates with younger renters comfortable managing everything through their smartphones.

Lemonade provides standard renters insurance protection with a simplified approach to optional coverage. The insurer offers one primary add-on that enhances protection for valuable items.

• Extra Coverage: Protects high-value items like jewelry, bikes, cameras, fine art and musical instruments with deductible-free claims, coverage for accidental damage and protection against mysterious loss (items that disappear without clear explanation)

Allstate charges an average of $164 annually for renters insurance with $20,000 in personal property coverage, 11% below the national average of $185. At roughly $14 per month, Allstate's base rates are higher than other top-ranked insurers, though its extensive discount options can substantially reduce premiums for qualifying renters.

Allstate earned 638 points in the J.D. Power 2025 U.S. Home Insurance Study, placing it below the industry average of 668 points. The insurer provides digital tools through its mobile app, including claims filing and policy management, though customer reviews indicate mixed experiences with claims processing speed. Allstate's nationwide agent network offers in-person support, but some policyholders report that resolving complex issues requires multiple contacts with customer service representatives.

Allstate provides standard renters insurance protection with optional coverages that expand financial security beyond basic policies. Renters can customize their coverage to address specific risks and valuable possessions.

• Scheduled personal property coverage: Protects specific appraised valuables like engagement rings, antiques, musical instruments and coin collections that exceed standard policy limits
• Personal umbrella policy: Covers large liability claims that exceed renters insurance liability limits, preventing out-of-pocket payments for major judgments
• Identity theft restoration: Covers legal fees, lost wages and related costs if someone steals your identity
• Flood insurance: Available through Allstate agents via the National Flood Insurance Program (NFIP) to cover belongings damaged by floodwater

Nationwide charges an average of $174 annually for renters insurance with $20,000 in personal property coverage, 6% below the national average of $185. At roughly $15 per month, Nationwide's rates are the highest among top-ranked insurers in our study.

Nationwide earned 687 points in the J.D. Power 2025 U.S. Home Insurance Study, placing it above the industry average of 668 points. The insurer provides digital tools through its mobile app and website for policy management and claims filing, though customers report mixed experiences with claims processing timelines. Nationwide's agent network offers in-person support across all 50 states, but some policyholders note that resolving claims or making policy changes can require multiple follow-ups with customer service.

Nationwide provides standard renters insurance protection with optional coverages that address specific risks and valuable possessions. Renters can customize their policies based on individual needs and potential exposures.

• Valuables Plus: Provides additional coverage for high-value items like jewelry, watches, antiques and fine art that exceed standard policy limits
• Water backup: Protects personal belongings against damage from backed-up sewers or drains
• Theft extension: Extends protection for belongings stored in or on motor vehicles, trailers or watercraft beyond standard policy limits
• Earthquake: Covers losses to personal property caused by earthquakes or volcanic activity up to selected limits