Gallagher Renters Insurance Review: Cost & Service (2023)

When shopping around for the best renters insurance provider, you’ll want quality customer service. Filing claims can be stressful, so it’s important that your chosen provider delivers swiftly and efficiently.

MoneyGeek rated renters insurance companies based on customer satisfaction from J.D. Power and financial stability scores from AM Best. Based on MoneyGeek’s scoring system, Gallagher garnered 83 out of 100, with above-average customer satisfaction and financial stability scores.

J.D. Power’s customer satisfaction score is based on five factors: interactions, policy offerings, price, claims and billing process, and policy information. Gallagher scored a 4.97 out of five from MoneyGeek for their customer satisfaction rating.

Financial stability determines an insurer’s performance in meeting financial obligations for legitimate claims. AM Best gave Gallagher an A+ rating, which means that the provider has a superior ability to meet insurance obligations.

The renters insurance company you choose plays a role in determining your premium. Additionally, the value of your personal property also affects your insurance limit and its cost.

The average cost of renters insurance is $159 per year. If you want a more accurate estimate, MoneyGeek has a personal property calculator below so you can figure out how much you need for renters insurance.

The coverage level you choose greatly impacts your Gallagher renters insurance quote. For example, Gallagher policyholders with a $3,000 coverage level pay an average of $101 per year. Meanwhile, those with a $10,000 coverage level pay ​​roughly $205 annually. To get the right amount of coverage, you can use MoneyGeek’s personal property calculator below.

The only discount Gallagher offers is for students. While the number of discounts offered by Gallagher is fewer than the industry average of five, it is a unique offering. This means that only one or two renters insurance providers offer the same one. Other insurance companies have common discounts, such as a discount if you’re claims-free or have a protective device.

The type of coverage you choose determines the cost of your Gallagher renters insurance. Gallagher offers five additional coverage options, slightly less than the industry average of seven.

Gallagher offers common optional coverages that protect against floods, earthquakes, equipment breakdown and negligent water damage. It also offers coverage for scheduled personal property.

In the table below, MoneyGeek listed all five of Gallagher’s add-on coverage options. All coverages are common and include: equipment breakdown, flood damage, earthquake damage, negligent water damage and scheduled personal property.

Because renters insurance coverages vary per provider, be sure to check if it has all the standard coverages. The basics include coverage for additional living expenses, personal liability, medical payments and personal property.

The best policy for you depends on your unique situation. For example, you’ll want to get coverage for earthquakes if you live in an earthquake-prone area. Read through the fine print to ensure you have what you need in your Gallagher renters insurance policy.

Gallagher offers an online quote tool that you can adjust according to your needs. Policyholders can also pay their bills and file claims online or through their mobile app. Non-owners can also get an estimate of their Gallagher policy with the online quote tool.

Gallagher specializes in renters insurance and does not offer other insurance products.

To evaluate Gallagher’s quality as a renters insurance company, MoneyGeek analyzed Gallagher’s website, manually collected quotes and consulted consumer intelligence organizations such as J.D. Power, the NAIC and AM Best.