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: January 20, 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
Renters can access three discounts from Nationwide to reduce their insurance costs, but you'll need to double check with an agent since discount availability differs by location. Review the table below for details on each discount option.
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 renters insurance coverages that protect your belongings, 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
Renters can customize their Nationwide policy with 4 endorsements, though coverage availability depends on your state. Endorsements are add-ons that extend your policy's protection for specific valuables or risks beyond what standard coverage includes. Review the table below for Nationwide's optional coverage options.
Valuables Plus® | Extends coverage limits for high-value items including jewelry, watches, antiques and fine art beyond standard personal property limits. |
Water Backup | Covers damage and loss from sewers or drains that back up into your rental unit. |
Theft Extension | Expands theft protection for personal belongings stored in or on motor vehicles, trailers or watercraft. |
Earthquake | Pays up to your selected limits for property damage caused by earthquakes or volcanic activity. |
What Does Nationwide's Renters Insurance Not Cover?
Nationwide's renters insurance excludes floods, earthquakes, intentional damage and business-related property from standard coverage. Understanding these gaps helps you decide whether you need additional protection through endorsements or separate policies.
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
You can buy renters insurance from Nationwide through its website or by contacting an agent directly. Both options let you customize your coverage and apply available discounts.
- 1Determine How Much Coverage You Need
Calculate the renters insurance coverage limits you need by creating a home inventory of your belongings. Add up the value of your furniture, electronics, clothing and other possessions to determine your personal property coverage amount, then choose liability limits based on your assets and risk exposure.
- 2Get a Quote Online or Through an Agent
Visit Nationwide's website to get an instant quote by entering your rental address and coverage preferences. Contact a Nationwide agent if you prefer personalized guidance or have questions about coverage options and endorsements.
- 3Compare Policy Options
Review different coverage levels and deductible amounts to find the right balance between premium costs and protection. Compare how adding optional coverages like Valuables Plus® or water backup affects your total premium.
- 4Apply for Discounts
Ask about available discounts including multi-policy, protective device and claims-free options to lower your premium. Provide documentation like proof of bundled policies or safety device installations to qualify for savings.
- 5Review and Finalize Your Policy
Read through your policy documents to confirm coverage limits, deductibles and endorsements match your needs. Sign your policy agreement and set up your payment method to activate your coverage.
How to File a Renters Insurance Claim with Nationwide
Contact Nationwide immediately after damage or loss occurs to start your renters insurance claim. The company walks you through documenting damage, scheduling inspections and receiving your settlement.
- 1Report the Claim
Call Nationwide's claims hotline or file online through your account as soon as damage or theft occurs. Provide details about what happened, when it occurred and what items were affected to get your claim number and next steps.
- 2Record All Damage and Losses
Take photos and videos of all damaged or stolen items before cleaning up or making repairs. Create a detailed list of affected belongings with purchase dates, original costs and current values to support your claim amount.
- 3Arrange for a Claims Adjuster Visit
A Nationwide claims adjuster will contact you to arrange an inspection of the damage. Prepare for the visit by organizing your documentation, receipts and home inventory to help the adjuster assess your losses accurately.
- 4Review the Settlement and Repair Process
Nationwide sends you a settlement offer based on the adjuster's assessment and your policy coverage. Review the offer carefully, ask questions about any items you disagree with, then approve the settlement to receive payment for covered losses.
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 earned a 4.51 out of 5 overall MoneyGeek score, ranking 22nd nationally for renters insurance. The company ranks 15th for customer experience with a 4.72 score but falls to 37th for both coverage and affordability.
Nationwide Renters Insurance Rates: Our Methodology
We used the following base profile to determine rates for Nationwide renters insurance and determine 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 also used the following base policy to get Nationwide's average rates unless otherwise stated:
- $20,000 personal property coverage
- $500 deductible
- Replacement cost
Our ratings system for Nationwide consisted of the following scoring mechanisms:
- 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 Insurance Producer, is MoneyGeek's resident Personal Finance Expert. He has analyzed the insurance market for over five years, conducting original research for insurance shoppers. His insights have been featured in 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!
He writes about economics and insurance, breaking down complex topics so people know what they're buying.
sources
- Nationwide. "Renters Insurance Coverage." Accessed January 19, 2026.
- Nationwide. "Renters Insurance Discounts." Accessed January 19, 2026.