Best Renters Insurance for College Students (2025)

In addition to Allstate, several other insurers offer affordable renters insurance that works well for college students.

State Farm is another strong choice, with plans starting at $11 per month. It’s known for reliable service and easy claims filing. Students can manage their coverage through the mobile app and may qualify for discounts.

Farmers offers renters insurance starting at $13 per month. Policies include standard personal property and liability coverage, and some plans offer identity theft protection.

Travelers also starts at $13 per month and includes flexible coverage options. It’s a solid option for students who want to customize their protection and add endorsements as needed.

Your monthly payment for renters insurance is based on several factors. Your ZIP code, what kind of property you are renting, how much personal property you are covering and your deductible can affect your policy price. Get multiple renters insurance quotes before deciding to make sure you're getting the right balance of benefits at the right price.

Choosing renters insurance as a college student can be confusing, but this guide breaks it down. From understanding coverage types to comparing costs and provider features, the sections below will help you find a policy that fits your budget and protects your belongings.

When you're shopping for renters insurance as a college student, the most important number to keep in mind is your personal property coverage limits. You should select enough personal property coverage to cover the value of your possessions. This will ensure your renters insurance policy will replace your school supplies in the event of a loss.

To find out how much personal property coverage you need, add up the replacement cost of everything you bring to school. This should include your clothes, cell phone, electronics (including TVs and gaming consoles), computers, and books. If you need special equipment for some classes, like calculators, be sure to include those. In the end, you may have more than you realize.

Unlike auto insurance, renters insurance for college students isn't a legal requirement. In most cases, it’s a good idea to have a policy covering personal property to help recover stolen or damaged items after a theft or emergency. This is especially true if you’re living off-campus, as you won’t be covered under your parents’ homeowners insurance policy.

If you decide to live off campus, your landlord may require you to hold renters insurance. Lease agreements can require renters to maintain a certain amount of insurance and provide proof of a policy when signing the contract. If your roommate has a renters insurance policy, you won't be able to benefit from it unless your name is on it as well.

Although you technically aren't required to buy renters insurance if your landlord doesn't ask you to, MoneyGeek recommends purchasing a policy with high enough limits to cover the value of your personal property. It will cost some money every month, but it will pay off if your school supplies and other personal property are stolen or destroyed.

If you opt to live in on-campus housing, dorm renters insurance isn't necessarily required. In most cases, your family's homeowners insurance plan will cover your possessions, including computers, electronics and clothes.

However, how much coverage you have is limited by the outside-of-home coverage limit. For example, your parents' home insurance policy could include $100,000 in personal property coverage, but it may only cover 10% of damages outside of the home. In this example, the coverage for your dorm room property would only be $10,000.

Suppose your family doesn't have personal property coverage as part of their home insurance policy or don't hold a home or renters insurance plan. In that case, we recommend you purchase dorm renters insurance to cover your possessions. A personal property plan can replace your computers, school equipment, other electronics or clothes in the event of a fire, water main damage or theft.

As the name suggests, renters insurance is offered to people leasing an apartment, duplex, house or any other kind of home. Renters insurance for college students protects everything under the roof. Most renters insurance policies include coverage for common perils such as:

• Personal property theft
• Water backup damage
• Fire damage
• Natural disasters, like hurricanes and tornadoes
• Bodily injury as the result of an accident occurring on the insured property

For example, imagine arriving home after class to find your computer and bike stolen. After you call the police to take a report, your next call should be to the insurance company. Because theft is a covered event, the insurance company will pay the fair market value of your stolen items to replace them, minus the insurance deductible.

Renters insurance doesn't just cover your items when they're damaged. The best renters insurance for college students can also offer protection for many of life's unplanned mishaps. Other coverages included in most renters insurance policies include:

• Liability insurance: If an in-home accident causes property damage or injury, renters insurance can make sure you don't have to pay out of pocket for damages. Your policy may pay for repairs and any medical bills coming out of the accident, up to the policy limits and minus any deductibles.
• Medical payments: If somebody gets injured from falling down the stairs, slipping on ice, or another common household accident, your renters insurance may cover these costs directly. Most policies offer ambulance transportation coverage, emergency care, and payment of other medical bills directly associated with the incident.
• Additional living expenses: If a fire, natural disaster or other covered incident forces you out of your rented property, your renters insurance may help you get another place to live. Until you can move back in, the insurance company could help you pay the rent for another place, keeping you from breaking your budget.

Renters insurance can provide valuable financial protection for the personal property of the nearly 20 million students attending college each year. Renters insurance isn't typically required, but it's highly recommended for college students who are living away from home while attending school.

For an average cost of $16 per month, renters insurance can protect college students from the cost of replacing clothes, textbooks, electronics, and other valuable possessions in the event of a loss.

Do you have questions about renters insurance for college students? We answer some common questions to help you make sense of renters insurance and find the right policy for your needs.

Why Trust MoneyGeek? We obtained information from Quadrant Information Services and examined rates of customer and claim satisfaction from the 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.

Renters Insurance Profile

In this study, we focused on a particular profile of renters, characterized by:

• Good credit score
• Claims free for over five years

The research also encompassed scenarios involving renters with varying credit histories and different records of insurance claims.

Renters’ Insurance Coverage Details

Calculations for the average renters insurance rates were based on the following policy specifics:

• $20,000 in personal property coverage
• $100,000 in personal liability coverage
• $1,000 deductible

Additionally, our investigation included an exploration of policies offering broader coverage ranges, extending from $20,000 to $100,000 for personal property, liability coverage ranging from $100,000 to $300,000 and deductibles varying between $500 and $2,000.