Toggle Renters Insurance Review: Cost & Service (2024)

To help renters find the best insurance for their needs, MoneyGeek ranked various providers based on their affordability, financial stability and customer service. Based on our analysis, Toggle’s renter insurance scored 78 out of 100.

Despite their affordable prices and excellent financial stability rating from AM Best, Toggle has received many customer complaints. It has an exceptionally high customer complaint index from the National Association of Insurance Commissioners (NAIC).

Toggle’s parent company, Farmers, received an A rating from AM Best. This is a global credit rating agency that analyzes the financial strength of insurance companies. Farmers’ rating speaks to Toggle’s excellent financial stability and its ability to meet its obligations, including paying off insurance claims.

Getting a renter’s insurance policy is easier if you know what to expect. That said, the process can vary between insurers. MoneyGeek broke down the steps you can follow when getting a Toggle renters insurance, filing a claim or canceling a policy.

On average, a Toggle renters insurance with $6,000 in coverage costs $108 annually, $18,000 in coverage costs $143 per year and $60,000 in coverage costs $217 annually. The national average for $20,000 in coverage is $159 annually.

Various factors impact premiums. For example, a policyholder’s preferred coverage level can greatly affect their rates.

Customers who bundle their Toggle renters insurance policy with a car insurance policy can get a discount on their premiums. Likewise, claim-free renters can also receive a discount on their rates and have their deductibles reduced for each claim-free year.

How much coverage a policyholder chooses greatly impacts their renters insurance prices. Even though a lower limit will result in affordable rates, it’s advisable not to have too little or too much coverage.

MoneyGeek recommends $20,000 as a good starting point when choosing coverage limits. However, renters can use our property calculator below to find out the ideal coverage limit for their needs.

Toggle provides three discount options on their renters insurance policy. Although this is less than the industry average of five, they offer one rare discount. This carrier offers a loyalty discount, which lowers your deductible based on the number of years that you have been claim-free.

Toggle offers five add-on coverage options, which is less than the average of seven that most renters insurance companies provide. However, two of their add-ons are not common among other companies.

Policyholders can add travel coverage to their Toggle renters insurance policies. Additionally, customers can get coverage that protects their equipment for side jobs.

However, this company doesn’t advertise coverage for storms, floods, earthquakes and insect infestation.

MoneyGeek analyzed the five add-on coverage options that can be included in a Toggle renters insurance policy. These include insurance for travel, pet damage liability, scheduled personal property, equipment breakdown and identity theft.

Insurance companies have different packages, and some providers don’t automatically include all the necessary coverages. When shopping for renters insurance, make sure that the company has the standard renters insurance coverages, including personal property, personal liability, medical payments and additional living expenses.

It’s also smart to check if their insurance carrier offers protection for floods, earthquakes and insect infestation. Read a policy’s fine print before choosing a policy.

Toggle’s presence is largely online, but its digital tools are limited compared to other insurance companies. They allow users to get a quote online, and policyholders can file a claim and pay for their premiums through their website. However, Toggle doesn’t offer a mobile app or calculators that help consumers estimate the coverage amounts they need.

Other than renters insurance, Toggle also offers car insurance and pet insurance. Consumers can bundle their Toggle auto and renters insurance policies to get discounts on their premiums.

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