The best renters insurance companies of 2026
Amica is our pick for the best renters insurance company of 2026, followed by Auto-Owners, when national and regional carriers are ranked together.
We reviewed dozens of carriers looking for cheap renters insurance rates along with a good reputation. Here are the top renters insurance companies overall based on rates, customer service, complaints and financial stability. Not all companies operate in all states.
| Company | NAIC complaint ratio | AM Best rating | Average rate $40k/$1k/$100k | Insurance.com rating (out of 5) |
|---|---|---|---|---|
| Amica | 0.37 | A+ | $158 | 4.56 |
| Auto-Owners | 0.39 | A+ | $233 | 4.44 |
| Auto Club Group - ACG (AAA) | 0.89 | A | $173 | 4.4 |
| State Farm | 1.15 | A+ | $196 | 4.35 |
| Auto Club Enterprises (AAA) | 1.03 | A+ | $285 | 4.29 |
| Erie Insurance | 0.46 | A | $326 | 4.24 |
| CSAA Insurance (AAA) | 1.31 | A | $193 | 4.17 |
| Allstate | 1.26 | A+ | $289 | 4.14 |
| Progressive | 1.50 | A+ | $238 | 4.05 |
| American Family | 1.07 | A | $305 | 4.04 |
Best national renters insurance companies
Amica is the best national renters insurance company for 2026, thanks to low rates and a very low complaint ratio. It’s followed by State Farm and Allstate.
These are the best companies nationwide; we consider a company that offers policies in 40 or more states to be national.
| Company | NAIC complaint ratio | AM Best rating | Average rate $40k/$1k/$100k | Insurance.com rating (out of 5) |
|---|---|---|---|---|
| Amica | 0.37 | A+ | $158 | 4.56 |
| State Farm | 1.15 | A+ | $196 | 4.35 |
| Allstate | 1.26 | A+ | $289 | 4.14 |
| Progressive | 1.50 | A+ | $238 | 4.05 |
| Nationwide | 1.34 | A | $289 | 4.01 |
| Farmers | 0.89 | A | $363 | 3.97 |
| Travelers | 0.91 | A++ | $526 | 3.75 |
Best regional renters insurance companies
Auto-Owners is the top regional renters insurance company for 2026, with a high financial stability rating and low complaint volume. Two AAA-branded carriers round out the top three: Auto Club Group and Auto Club Enterprises.
These are the best renters insurance companies operating in a smaller portion of the country.
| Company | NAIC complaint ratio | AM Best rating | Average rate $40k/$1k/$100k | Insurance.com rating (out of 5) |
|---|---|---|---|---|
| Auto-Owners | 0.39 | A+ | $233 | 4.44 |
| Auto Club Group - ACG (AAA) | 0.89 | A | $173 | 4.4 |
| Auto Club Enterprises (AAA) | 1.03 | A+ | $285 | 4.29 |
| Erie Insurance | 0.46 | A | $326 | 4.24 |
| CSAA Insurance (AAA) | 1.31 | A | $193 | 4.17 |
| American Family | 1.07 | A | $305 | 4.04 |
How we chose the best renters insurance companies
We gathered data on renters insurance companies from trusted third-party sources:
- AM Best
- National Association of Insurance Commissioners (NAIC)
We then gathered average renters insurance rates, fielded by Quadrant Information Services in 2026, for a policy with:
- $40,000 in personal property coverage
- $100,000 in liability coverage
- $1,000 deductible
Learn more about our data and methodology.
Top renters insurance companies
Our choices for the best renters insurance companies all have pros and cons. Take the time to get to know the options before you buy; what's right for one person may not be right for another.
Amica
Amica has consistently been one of J.D. Power's top-rated insurance companies for home insurance, both for overall satisfaction and for claims handling. Among the companies we ranked, Amica has the lowest average rates at $158 a year.
Pros:
- Low rates
- Superior AM Best rating
- Lowest complaint ratio of ranked companies
Cons:
- No agents available, direct sales only
- Not available in Hawaii
Amica renters insurance discounts include:
- Multi-line (bundling)
- Loyalty
- E-discount (paperless)
- Claims-free
- Autopay
Auto-Owners
Auto-Owners is a super-regional company that consistently ranks among the best in the nation for home and renters insurance. Rates are not the lowest, but Auto-Owners boasts the highest possible AM Best financial stability score.
Pros:
- Fewer complaints than other insurers
- Top AM Best score
- Lots of discounts
Cons:
- Not available in all states
- No online quoting; policies are only sold through agents
Auto-Owners renters insurance discounts:
- Multi-policy discount (bundling with auto, life)
- Payment history (on time)
- Green discount (paperless)
- Protective devices
- Favorable loss history (claims-free)
- Paid in full
- Advance quote
- Hurricane/wind mitigation (SC and FL only)
Auto Club Group
Auto Club Group offers renters insurance in 14 states to AAA members. It has an excellent financial rating and the second-lowest rates of the companies we ranked at $173.
Pros:
- Low average rates
- Backed by AAA
Cons:
- Coverage is only available in 14 states
- You have to be an AAA member
Discounts:
- Loss free
- Multi-policy
- AAA member
- Paid in full
- Auto Pay
- Safety
State Farm
State Farm is the largest insurer in the country and one of the oldest. In addition, the carrier consistently ranks well with customers and has the strongest financial strength rating of A++.
Pros:
- Low rates
- Several ways to file a claim (in-person, over the phone, online, through the app)
- Offices and agents available nationwide
Cons:
- You are required to have an agent, even if you prefer to handle things online
- Has more complaints than other insurers
State Farm’s renters policies can vary from one state to another, largely due to state regulations.
State Farm renters insurance discounts available include:
- Auto and renters bundle
- Home safety devices
Auto Club Enterprises
Auto Club Enterprises is a AAA-branded carrier, and you must be a member to get coverage. While the carrier has an A+ AM Best rating, coverage is only available in 22 states.
Pros:
- Superior financial rating
- Backed by AAA
Cons:
- Must be an AAA member
- Only available in 22 states
Auto Club Enterprises renters insurance discounts include:
- Multi-policy
- AAA member
- Safety
- Loyalty
Best renters insurance companies by state
Select your state below to see the average annual rate.
| Company name | Average rates | AM Best rating | NAIC | Insurance.com rating |
|---|
How to compare renters insurance companies
Not sure how to choose the best renters insurance company? Comparing renters insurance companies takes just a few simple steps.
- Request quotes from three to five companies, ensuring the coverage level is the same on each policy.
- Review the coverage and check for any extras or exclusions that differentiate them.
- Compare the rates.
- Look at each company's reputation using J.D. Power, AM Best and any other third-party ratings to ensure the company is reputable.
How much does renters insurance cost?
The average cost of renters insurance is $288 per year, or $24 per month, based on coverage of $40,000 for personal property, $300,000 in liability and a $1,000 deductible. However, your premiums may be lower based on where you live, the level of coverage you get and the carrier you choose.
Why do I need renters insurance?
Without renters insurance, there is no coverage for your personal property. Many renters think that they don't own anything of a high value, so they don't need coverage. But imagine what would happen if the home you rent were to burn to the ground. How much would it cost to replace everything you own?
That includes all of your furniture, clothes, dishes, electronics and everything else in your home. It's easy to underestimate the value of all of your belongings. You don't have to own fancy jewelry or expensive home theater equipment to make renters insurance a worthwhile investment.
Most carriers will pay for damages caused if your water heater fails or a pipe leaks. However, they are not typically covered if your belongings are lost due to flooding from heavy rainstorms or a hurricane. Renters can purchase flood insurance if they live in high-risk areas.
Methodology
We partnered with Quadrant Information Services to field renters insurance rates across all 50 states and Washington, D.C.
Averages are based on:
- $40,000 in personal property coverage
- $300,000 in liability coverage
- $1,000 deductible
- Good credit
To rank the best renters insurance companies, we used Quadrant rates as well as data from:
- AM Best
- National Association of Insurance Commissioners Complaint Index
- J.D. Power's U.S. Home Insurance Study
- Our annual Best Insurance Companies Survey
Learn more about our data and methodology.
FAQ: Best renters insurance companies
Is renters insurance required?
No law requires you to buy renters insurance, but some landlords require it as part of the lease agreement.
What factors should you consider while choosing renters insurance?
The best way to find cheap renters insurance and quality coverage is by shopping around and comparing renters insurance quotes from several companies. Before you choose renters insurance, take a look at what your deductible is and the types of coverage offered. You may want to add options such as flood coverage or replacement cost for additional coverage. Our renters insurance guide has everything you need to know.
Helpful home insurance tools and calculatorsIn case you missed it
Stay updated with our latest insurance insights and guides
April 8, 2026Amica is the best condo insurance company for 2026 among national carriers,...
Read article January 21, 2026Mobile home insurance is available from top companies like State Farm and...
Read article
