Our rate database covers 897 ZIP codes across all 50 states and Washington, D.C. and 56 carriers. We analyzed over 25,000 quotes to build our comparisons and company rankings. Here's how we built it and why we made the choices we did.
Renters Insurance Review and Cost Analysis Methodology
Updated: May 11, 2026
Advertising & Editorial Disclosure
How We Research Renters Insurance
Where Our Rate Data Comes From
Our rates come from Quadrant Information Services, which collects renters insurance premium data directly from state insurance filing records. In every state, carriers are required by law to file their rates with the state insurance regulator before they can charge them. Those filings are public record. Quadrant aggregates that filed data and provides it to researchers and publishers.
This matters because our rates are not broker estimates or online quote approximations. They are the actual filed rates that carriers have committed to regulators, pulled from 897 ZIP codes across all 50 states and Washington, D.C. Our figures reflect current market conditions.
Our Base Renter Profile
We built our analysis around a typical renter to compare rates accurately. This profile reflects common demographics and living situations, letting you see how companies price coverage for similar policyholders.
The Renter
Our sample renter is an adult between 26 and 64 years old with good credit and no claims history in the last five years. Adults in the 26 to 64 age range make up the largest segment of the U.S. renter population. Good credit reflects the most common credit tier among renters and produces rates most relevant to the widest audience. A clean five-year claims history captures the majority of renters at any given time, since most policyholders go several years between claims.
The Property
Our sample renter lives in an apartment or condo. Apartments and condos are the most common rental property types in the U.S. and produce rates that reflect the experience of most renters. Single-family rental homes and other property types can produce meaningfully different premiums and are not represented in the base profile.
The Coverage
Our baseline coverage includes $20,000 in personal property coverage, $100,000 in liability protection and a $500 deductible. $20,000 in personal property coverage reflects a reasonable estimate of belongings for a typical renter — furniture, electronics, clothing and other household items. $100,000 in liability is the standard starting point for most renters policies and covers common risk scenarios without pushing into high-value territory. A $500 deductible is the most common choice among renters and balances out-of-pocket exposure against premium cost.
These are representative rates. Younger renters, those with prior claims or lower credit scores and renters carrying higher coverage limits will see different premiums. Every rate table on our site is filterable by age, coverage level, credit score and claims history so you can find figures that match your actual profile.
Our MoneyGeek Renters Insurer Scoring System
We score carriers on three factors, weighted based on what matters most when choosing renters insurance:
Coverage Options | 10% | Add-on availability; renters-specific coverage options |
Customer Satisfaction | 40% | NAIC Complaint Index, AM Best, J.D. Power, Trustpilot, app feedback |
Affordability | 50% | Rates for identical coverage across major providers; discount availability |
1. Affordability: 50% of Score
We compared rates for identical coverage across major providers and evaluated discount availability. The lower a carrier's rate relative to competitors for a given profile, the higher its affordability score. Scores are calculated separately for each renter profile, so a carrier that is affordable for standard renters but expensive for those with prior claims reflects both realities.
2. Customer Satisfaction: 40% of Score
We assess customer satisfaction using several independent sources that reveal how insurers perform when renters file claims for theft, fire damage or other losses:
• NAIC Complaint Index scores
• AM Best financial strength ratings
• J.D. Power ratings
• Trustpilot reviews
• App store feedback
3. Coverage Options: 10% of Score
We assessed add-on availability and coverage options relevant to renters. Carriers with broader add-on menus score higher. This includes endorsements like scheduled personal property, water backup coverage, identity theft protection and pet damage liability.
What Are the Factors and Companies Represented?
We examine the following factors and companies when determining all ratings:
Coverage Levels We Analyzed
Beyond our base profile, we analyzed three additional coverage tiers to evaluate how carriers price protection at different limits:
$20,000 (base) | $100,000 (base) |
$50,000 | $100,000 |
$100,000 | $100,000 |
$250,000 | $300,000 |
Companies Represented
AAA
Acuity
Agraria Insurance
ALFA Insurance
Allstate
American Family
American National
Amica
Arbella
ASI Insurance
Assurant Insurance
Auto-Owners Insurance
Capital Insurance
Chubb
Cinncinnati Insurance
Citizens Property Insurance
Co-operative Insurance
COUNTRY Financial
DB Insurance
Erie Insurance
Farm Bureau
Farmers
Farmers Mutual Ins Co of NE
Florida Peninsula Insurance
Grange Insurance
Hawaiian Insurance Group
HCI Insurance
Homesite Insurance
IMT Insurance
Lemonade
Mercury Insurance
MMG Insurance
Mutual of Enumclaw Insurance
Nationwide
NJM Insurance
North Star Insurance
NYCM Insurance
Ocean Harbor Insurance
PEMCO Insurance
Plymouth Rock Insurance
Progressive
RLI Insurance
Safety Insurance
Shelter Insurance
State Farm
The Andover
The Hanover
The Hartford
Tower Hill Insurance
Travelers
Universal Insurance
USAA
Vermont Mutual Insurance
West Bend Mutual Insurance
Western National Insurance
Westfield Insurance
Locations Represented
We represent 897 ZIP codes across all 50 states and Washington, D.C., including urban, suburban and rural areas to produce rates that reflect a wide range of local risk environments and rental markets.
Renter Profiles Represented
We also gather data on these renter factors:
- Age: Young renters (18 to 25), adults (26 to 64, base profile) and senior renters (65 and older)
- Credit score: Excellent, good (base), fair, below fair and poor
- Claims history: No claims in the past five years (base), one claim in the past five years and two claims in the past five years
Why You Can Trust Our Editorial Standards
MoneyGeek's carrier rankings and recommendations are entirely independent of our business relationships. We don't accept payment to rank any insurer higher than our methodology supports, and no carrier can influence our scores or recommendations. Read our full editorial policy.
Methodology Disclaimer
MoneyGeek rate data reflects filed insurance rates and does not constitute a binding quote. Your actual rate depends on your specific profile, location and the carrier's underwriting decisions at the time of application. Get quotes directly from carriers before making a coverage decision. Insurance regulations vary by state. Verify coverage requirements with your state's insurance department.
About Nicole Goldkamp
Nicole Goldkamp is an SEO and Content Manager at MoneyGeek, leading the home and renters insurance editorial team. With five years of experience evaluating home, renters, auto and pet insurance products and a decade in content and editorial roles, Nicole brings deep industry knowledge to her work.
As MoneyGeek's lead for home and renters insurance, Nicole authors in-depth guides, company reviews and comparison pages, and reviews all content written by her team for accuracy and practical value before it's published. She maintains editorial standards, research methodologies and MoneyGeek's provider evaluation frameworks for home and renters insurance, including structured insurer assessment criteria, data collection protocols and insurance product comparison models that support objective, consumer-focused decision-making.