Nationwide ranks 22nd nationally in MoneyGeek's analysis of the best renters insurance providers. The ranking reflects a balance of affordability, customer service and coverage options. Review the table below for Nationwide's MoneyGeek score in each category out of 5 and its national rank based on a sample renter profile.
Nationwide Renters Insurance Review
Updated: May 29, 2026
Advertising & Editorial Disclosure
Nationwide
MoneyGeek Rating
4.1/ 5
4.4/5Affordability
4.2/5Customer Experience
2.8/5Coverage Points
Average Annual Premium
$186Number of Endorsements
4Number of Discounts
3
Key Takeaways
On average, Nationwide charges $186 annually for $20,000 in personal property coverage.
Nationwide ranks 15th nationally for customer experience with a score of 4.72 out of 5.
Nationwide offers 4 optional coverages including water backup protection and earthquake coverage.
Nationwide Renters Insurance Ratings: MoneyGeek’s Review
| Overall | 4.51 | 22 |
| Customer Experience | 4.72 | 15 |
| Coverage | 3.59 | 37 |
| Affordability | 4.54 | 37 |
How Much Does Nationwide’s Renters Insurance Cost?
Nationwide charges $186 annually for $20,000 in personal property coverage, while $100,000 in coverage costs $466 per year, showing how the average cost of renters insurance increases with higher limits. Your premium depends on your desired coverage level and deductible, along with factors like your location, claims history and credit score. Toggle through the table below to find affordable renters insurance from Nationwide based on your coverage needs.
| $20K Personal Property / $100K Liability | $16 | $186 | -5% |
| $50K Personal Property / $100K Liability | $25 | $299 | -11% |
| $100K Personal Property / $100K Liability | $39 | $466 | -17% |
| $250K Personal Property / $300K Liability | $73 | $874 | -25% |
Nationwide Renters Insurance Cost by State
Nationwide's renters insurance rates change based on your location because factors like local crime rates, weather risks and state regulations affect pricing. California renters pay $13 monthly for $20,000 in personal property coverage, making it more affordable than Virginia, where the same coverage costs $17 per month.
Check the table below to see Nationwide's rates in your state for a policy with $20,000 in personal property coverage and a $500 deductible.
Data filtered by:
Alabama
| $20K Personal Property / $100K Liability | $19 | $227 | -10% |
| $50K Personal Property / $100K Liability | $32 | $387 | -8% |
| $100K Personal Property / $100K Liability | $55 | $660 | -6% |
| $250K Personal Property / $300K Liability | $72 | $858 | -22% |
Note: Data above is for states the company is available in. It is not reflective of the company’s availability in the state.
Nationwide Renters Insurance Discounts
Nationwide has three renters insurance discounts. Availability varies by location, so confirm with an agent which ones apply in your area.
Multi-Policy | Bundle your renters and car insurance to save an average of $176 per year. |
Protective Device | Lower your premium if your rental has smoke detectors, fire alarms, burglar alarms or other qualifying safety devices. |
Claims-Free | Qualify for a better rate if you haven't filed any claims on your policy. |
What Does Nationwide Renters Insurance Cover?
Nationwide's renters insurance includes the three standard coverages: personal property, liability and additional living expenses.
Personal Property Coverage
Personal property coverage reimburses you for belongings damaged or stolen due to covered perils like fire, theft or vandalism. This coverage applies to items like furniture, electronics, clothing and appliances.
Personal Liability Coverage
If someone gets injured in your rental or you accidentally damage someone else's property, personal liability coverage pays for legal expenses and damages. The coverage handles lawsuits, medical bills and settlement costs up to your policy limit.
Loss of Use Coverage
In cases where your home becomes uninhabitable after a covered event, loss of use coverage pays for the costs involved to temporarily live elsewhere. This includes hotel costs, pet boarding, groceries and transportation costs.
Optional Renters Insurance Coverages from Nationwide
Nationwide has four optional endorsements, with availability varying by state. Endorsements add coverage for specific valuables or risks that fall outside the standard policy.
Valuables Plus® | Increases coverage for jewelry, watches, antiques and fine art when standard personal property limits aren't enough. |
Water Backup | Pays for damage when sewers or drains overflow into your rental. |
Theft Extension | Covers your belongings if they're stolen from your car, trailer or boat. |
Earthquake | Pays for property damage from earthquakes or volcanic eruptions up to your coverage limit. |
What Does Nationwide's Renters Insurance Not Cover?
Nationwide's standard renters policy excludes floods, earthquakes, intentional damage and business property. If any of those are relevant to your situation, separate coverage or an endorsement may be needed.
Business Property and Liability
Items used for business purposes and liability claims related to business operations fall outside standard renters coverage. You'll need a separate business insurance policy if you run a business from your rental or store business inventory at home.
Intentional or Criminal Acts
Damage you cause on purpose or losses from illegal activities aren't covered under any circumstances. This includes vandalism you commit to your own property or belongings damaged while you're committing a crime.
Natural Disasters
Floods and earthquakes require separate coverage or specific endorsements because standard policies exclude these events. Nationwide offers earthquake coverage as an optional add-on, but flood insurance requires a separate policy through the National Flood Insurance Program.
How to Buy Nationwide’s Renters Insurance
Nationwide renters insurance is available online or through an agent. Both channels let you set coverage levels and apply discounts.
- 1Determine How Much Coverage You Need
List your belongings and estimate current replacement cost, not original purchase price. Use that total to set your personal property limit. Choose a liability limit that reflects what you own and how much financial exposure you're comfortable with.
- 2Get a Quote Online or Through an Agent
Enter your rental address and coverage preferences on Nationwide's website for an immediate quote. For questions about add-ons or help comparing options, a Nationwide agent can walk through the details.
- 3Compare Policy Options
Check how different limits and deductibles change the premium. Run the numbers on optional add-ons like Valuables Plus® or water backup before deciding what to include.
- 4Apply for Discounts
Ask which discounts apply to your situation, including multi-policy, safety device and claims-free options. Have documentation ready, including proof of bundled policies or installed safety equipment, to confirm eligibility.
- 5Review and Finalize Your Policy
Confirm that limits, deductibles and endorsements in the policy documents match what you selected. Choose a payment method and complete the agreement to activate coverage.
How to File a Renters Insurance Claim with Nationwide
Contact Nationwide immediately after damage or loss to start a claim. Nationwide assigns an adjuster, walks you through documentation and schedules an inspection.
- 1Report the Claim
Call the claims hotline or file online through your Nationwide account as soon as damage or theft occurs. Note what happened, when it occurred and which items were affected. Nationwide assigns a claim number and confirms next steps.
- 2Record All Damage and Losses
Photograph and video all damaged or stolen items before cleaning up or making repairs. List affected belongings with purchase dates, original costs and current values to support your claim amount.
- 3Schedule the Adjuster Visit
A Nationwide adjuster contacts you to arrange an inspection. Have your documentation, receipts and home inventory organized before the visit.
- 4Review the Settlement and Repair Process
Nationwide issues a settlement offer based on the adjuster's assessment and your policy limits. Review the offer, ask about any items you disagree with, then approve it to receive payment.
Nationwide Renters Insurance Review: Bottom Line
Nationwide earned a 4.51 out of 5 MoneyGeek score and charges $186 annually for $20,000 in personal property coverage. The insurer ranks 15th nationally for customer experience but 37th for both coverage and affordability.
Renters gain access to four optional coverages, including Valuables Plus® and water backup protection. The company also offers three discounts, with the multi-policy discount saving an average of $176 per year when you bundle renters and car insurance.
Nationwide Renters Insurance: FAQ
Get quick answers to frequently asked questions about Nationwide renters insurance.
Does Nationwide provide renters insurance discounts?
Nationwide offers three discounts including multi-policy savings, protective device discounts and claims-free discounts. The multi-policy discount saves renters an average of $176 per year when bundling renters and car insurance.
What does Nationwide charge for renters insurance?
Nationwide charges $186 annually for $20,000 in personal property coverage with a $500 deductible. Costs increase to $299 for $50,000 in coverage and $466 for $100,000 in coverage, with rates varying by location and individual factors.
Is Nationwide a good choice for renters insurance?
Nationwide scored 4.51 out of 5 overall in MoneyGeek's analysis, placing 22nd nationally for renters insurance. The company ranks 15th for customer experience with a 4.72 score but drops to 37th for coverage and affordability.
Nationwide Renters Insurance Rates: Our Methodology
We used this base profile to get rates for Nationwide renters insurance and assess the company's affordability:
- Adult renters aged 26 to 64
- Renters with a "good" credit rating
- No claims history in the last five years
- Owning an apartment or condo
We used this base policy to calculate Nationwide's average rates unless noted otherwise:
- $20,000 personal property coverage
- $500 deductible
- Replacement cost
Our ratings system for Nationwide used these scoring methods:
- Affordability (55% of score): Using our base profile as a guide, we compared Nationwide's costs relative to the national average and competition.
- Customer experience (35% of score): We considered forum ratings from Nationwide customers, industry studies from J.D. Power and Nationwide's AM Best Financial Strength scores.
- Coverage (10% of score): This score considers Nationwide's add-on coverage selections relative to the average and the uniqueness of selections the company offers.
Renters Insurance Review for Nationwide: Related Articles
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty (P&C) Insurance Producer in Connecticut, is MoneyGeek's resident insurance expert. He has spent nearly a decade analyzing the market, first at LendingTree and now at MoneyGeek, where he has produced original research on hundreds of carriers and millions of rates across auto, home, renters, health and life insurance.
He covers economics and insurance at MoneyGeek, and his work has been featured in The Washington Post, The New York Times and NPR, among other outlets.
Like all MoneyGeek analysts, he draws on independent cost and consumer experience data. No insurance company partnership influences his recommendations.
Fitzpatrick earned his degrees from Johns Hopkins University (M.A. Economics and International Relations) and Boston College (B.A.). He began his career in financial risk management at State Street. He's also a five-time “Jeopardy!” champion.
Sources
- Nationwide. "Renters Insurance Coverage." Accessed January 19, 2026.
- Nationwide. "Renters Insurance Discounts." Accessed January 19, 2026.