Updated: January 16, 2026
Advertising & Editorial Disclosure
Average Annual Premium
Number of Endorsements
Number of Discounts
State Farm ranks fifth nationally for customer experience with a score of 4.85 out of 5.
Renters pay an average of $145 annually for $20,000 in personal property coverage with State Farm.
For additional coverage, State Farm offers four optional endorsements including water backup, identity theft, scheduled personal property and umbrella insurance.
MoneyGeek's evaluation of the best renters insurance companies places State Farm in fourth position nationally based on combined performance in affordability, customer service and coverage. Based on a combination of those factors, State Farm received an overall score of 4.69 out of 5.
The table below breaks down State Farm's MoneyGeek scores and national rankings across all categories for a sample renter profile.
| Overall | 4.69 | 4 |
| Customer Experience | 4.85 | 5 |
| Affordability | 4.69 | 17 |
| Coverage | 4.03 | 26 |
State Farm charges renters an average of $145 annually for $20,000 in personal property coverage and a $500 deductible. Higher limits cost more, with $100,000 in coverage costing $336 annually.
Your actual premium depends on a combination of your coverage limits and deductible, along with other factors like your location, credit score and claims history.
| $20K Personal Property / $100K Liability | $12 | $145 | -26% |
| $50K Personal Property / $100K Liability | $19 | $226 | -32% |
| $100K Personal Property / $100K Liability | $28 | $336 | -40% |
| $250K Personal Property / $300K Liability | $34 | $404 | -65% |
Your location significantly impacts State Farm's renters insurance premiums because states face different weather risks, crime rates and regulatory requirements. For instance, costs for $20,000 in personal property coverage range between $163 and $389 annually in California. The table below shows State Farm's availability and rates across states for policies with $20,000 in personal property coverage and a $500 deductible.
| $20K Personal Property / $100K Liability | $16 | $198 | -21% |
| $50K Personal Property / $100K Liability | $25 | $297 | -30% |
| $100K Personal Property / $100K Liability | $38 | $453 | -35% |
| $250K Personal Property / $300K Liability | $33 | $391 | -65% |
Note: Data above is for states the company is available in. It is not reflective of the company’s availability in thes tate.
State Farm provides one discount to help renters reduce their premiums. Discount availability varies by state, so contact a State Farm agent to confirm which savings apply to your policy.
Home Alert Protection Discount | Installing smoke detectors, fire alarms, burglar alarms or other eligible home monitoring systems can qualify you for a premium reduction on your renters insurance policy. |
State Farm provides three standard renters insurance coverages that safeguard your personal property and protect you from liability claims.
Personal property coverage reimburses you for stolen or damaged belongings like furniture, electronics, clothing and appliances. This protection applies whether damage occurs inside your rental unit or while your items are away from home.
Personal liability coverage pays for legal expenses and damages if someone sues you for injuries or property damage you cause. This coverage protects your finances when you're held legally responsible for accidents.
Loss of use coverage pays for hotel costs and meal expenses when your rental becomes uninhabitable due to covered damage. This protection also covers temporary storage fees, pet boarding costs and increased transportation expenses while you're displaced.
State Farm provides four additional coverages to customize your policy based on your needs, with availability depending on your location.
Endorsements are optional add-ons that enhance your base policy by covering specific risks or increasing protection for valuable items. The table below outlines each optional coverage State Farm offers.
Water Backup | Protects against water damage from backed-up sewers or drains that standard renters insurance doesn't cover. |
Identity Theft | Helps pay for expenses and recovery costs related to identity fraud for an annual fee of $25. |
Scheduled Personal Property | Provides replacement cost coverage for high-value belongings like jewelry, sports equipment and medical devices. |
Umbrella Insurance | Extends liability protection beyond standard policy limits for personal injury or property damage claims. |
Standard renters insurance from State Farm excludes flood damage, earthquakes, deliberate destruction and business use of your rental property. You'll need separate policies or endorsements to protect against these specific risks.
Standard renters insurance excludes flood and earthquake damage because these events require specialized coverage. You'll need separate flood insurance through the National Flood Insurance Program and earthquake insurance through private insurers to protect against these natural disasters.
State Farm won't cover damage you cause deliberately or through illegal activities. This exclusion applies to vandalism you commit, damage from criminal acts and destruction you cause on purpose, whether to your own property or someone else's.
Personal renters insurance doesn't protect business equipment, inventory or liability related to your work. If you run a business from your rental, you'll need commercial insurance to cover business property, client injuries on your premises and professional liability claims.
State Farm makes it easy to buy renters insurance online through its website or by working with an agent who can answer questions. Either method lets you compare coverage options and get a personalized quote.
Calculate how much renters insurance you need by creating a home inventory of your belongings and their replacement costs. Add up the value of your furniture, electronics, clothing and other possessions to determine your personal property coverage limit, then consider liability coverage based on your assets and risk exposure.
Visit State Farm's website to start an online quote or find a local agent in your area. Provide information about your rental property, desired coverage amounts and personal details to receive your premium estimate.
Review different coverage levels and deductible amounts to find the balance between premium costs and protection. Consider adding optional coverages like water backup or scheduled personal property if you need extra protection for specific risks or valuable items.
Ask about available discounts you qualify for. Mention any security systems, smoke detectors or other qualifying features in your rental to maximize your savings.
Read through your policy documents to confirm coverage amounts, deductibles and exclusions match your needs. Complete your application and make your first premium payment to activate your coverage.
State Farm lets you file renters insurance claims online, through its mobile app or by contacting your local agent. Report your claim quickly after discovering damage or loss to start the review and settlement process.
Contact State Farm immediately after discovering damage, theft or loss to your rental property or belongings. Provide details about what happened, when it occurred and the extent of the damage or loss when filing your claim.
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 replacement values to support your claim.
A State Farm claims adjuster will contact you to schedule an inspection of the damage. The adjuster examines your rental property and damaged belongings to assess the loss and determine coverage.
State Farm will provide a settlement offer based on your policy coverage and the adjuster's assessment. Review the offer carefully, ask questions about any items you don't understand, then accept the settlement and begin repairs once you're satisfied with the terms.
Get answers to common questions about State Farm's renters insurance policies, pricing and available protections.
State Farm charges $145 annually for $20,000 in personal property coverage, $261 for $50,000 in coverage and $381 for $100,000 in coverage. Premiums increase to $389 per year for $250,000 in personal property with $300,000 in liability coverage.
State Farm provides home alert protection discounts for safety devices like smoke detectors and burglar alarms. Contact your local State Farm agent to confirm which discounts are available in your state.
State Farm offers water backup coverage, identity theft protection, scheduled personal property coverage for valuable belongings and umbrella insurance to extend liability limits. Check with State Farm about which endorsements are available in your location.
We used the following base profile to determine rates for State Farm renters insurance and judge the company's affordability:
We also used the following base policy to get State Farm averages unless otherwise stated:
Our ratings system for State Farm consisted of the following scoring mechanisms:
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.
