CMI

    Best Renters Insurance 2025

    Renters insurance is one of the most affordable ways to protect your belongings and limit your liability. We've compared the top renters insurance providers to help you find reliable coverage — often for less than the cost of a streaming subscription.

    Pro Tip: Do a quick home inventory before purchasing — it helps you choose the right coverage amount and speeds up any future claims.

    Quick Comparison

    ProviderBest ForAM BestEst. CostRating
    Lemonade
    Best Digital Experience
    		Not Rated (Backed by reinsurers)$5–$20/mo
    4.5
    		Get Quote
    State Farm
    Best for Bundling
    		A++ (Superior)$15–$30/mo
    4.5
    		Get Quote
    Allstate
    Best for Coverage Options
    		A+ (Superior)$15–$35/mo
    4.0
    		Get Quote
    Nationwide
    Best for Valuables
    		A+ (Superior)$12–$25/mo
    4.0
    		Get Quote

    Detailed Reviews

    Lemonade

    Best Digital Experience

    AM Best Rating

    Not Rated (Backed by reinsurers)

    Est. Cost

    $5–$20/mo

    Our Rating

    4.5

    Pros

    • AI-powered instant claims
    • Starts at $5/mo
    • Giveback program
    • Easy mobile app

    Cons

    • Limited coverage options
    • Not in all states
    • No local agents

    Who It's Best For: Tech-savvy renters who want affordable, fast coverage through a mobile-first experience.

    Get a Free Quote

    *Rates may vary by state, driving record, and other factors. Quote is not guaranteed.

    State Farm

    Best for Bundling

    AM Best Rating

    A++ (Superior)

    Est. Cost

    $15–$30/mo

    Our Rating

    4.5

    Pros

    • Local agent support
    • Bundle with auto for discounts
    • Strong claims process
    • Wide availability

    Cons

    • Higher starting prices
    • Website is dated
    • Fewer digital tools

    Who It's Best For: Renters who want a trusted brand with local agent support and savings from bundling with auto insurance.

    Get a Free Quote

    *Rates may vary by state, driving record, and other factors. Quote is not guaranteed.

    Allstate

    Best for Coverage Options

    AM Best Rating

    A+ (Superior)

    Est. Cost

    $15–$35/mo

    Our Rating

    4.0

    Pros

    • Identity theft restoration
    • Many add-on options
    • Claim RateGuard
    • Established brand

    Cons

    • Higher premiums
    • Complex policy options
    • Mixed online reviews

    Who It's Best For: Renters who want extensive coverage customization and identity theft protection.

    Get a Free Quote

    *Rates may vary by state, driving record, and other factors. Quote is not guaranteed.

    Nationwide

    Best for Valuables

    AM Best Rating

    A+ (Superior)

    Est. Cost

    $12–$25/mo

    Our Rating

    4.0

    Pros

    • Brand New Belongings®
    • Strong bundling discounts
    • Pet damage coverage
    • On Your Side® review

    Cons

    • Not in all states
    • Average mobile app
    • Limited online quoting

    Who It's Best For: Renters with valuable possessions who want replacement cost coverage and unique add-ons like pet damage protection.

    Get a Free Quote

    *Rates may vary by state, driving record, and other factors. Quote is not guaranteed.

    Frequently Asked Questions

    Yes! Your landlord's policy only covers the building, not your belongings. Renters insurance protects your personal property, provides liability coverage, and often costs less than $20/month.

    It typically covers personal property (theft, fire, water damage), personal liability, medical payments to others, and additional living expenses if you're displaced from your rental.

    Take a home inventory of your belongings and estimate their total value. Most renters need $20,000–$50,000 in personal property coverage. Choose replacement cost over actual cash value when possible.

    Generally no, unless they're listed on your policy. Most insurers require each tenant to have their own renters insurance policy. Some companies allow you to add a roommate for an additional fee.