Compare renters insurance quotes
Find the right renters insurance coverage for your home with complete guides and renters insurance rate comparisons.
Finding the right renters insurance is vital to protecting your personal property. There’s a lot to consider, so we’ve gathered everything you need to know about renters insurance.
Renters insurance costs an average of $288 a year, but you can save by shopping around; State Farm is the cheapest at $196 a year.
Find the best renters insurance company for you, compare quotes, and learn about your coverage options and limits so you can buy with confidence.
Best renters insurance companies of 2025
State Farm is the best renters insurance company of 2025 based on our annual ranking, followed by Amica.
We found Erie Insurance to be the best regional renters insurance company; regional carriers serve less than 20 states.
See all companiesper year
per year
per year
Renters Insurance Coverage
A renters insurance policy provides several types of coverage for you and your household:
This is the central part of your renters insurance policy and covers all of your property, including furniture, clothing, linens, dishes, electronics and more.
Provides coverage for expenses incurred when you can’t live at home due to a covered loss, like a hotel.
Protects you from lawsuits and liability claims when you are responsible for injuries or property damage to others.
You may want to add optional coverage like:
Unless you elect replacement cost coverage, your policy will cover your property at actual cash value, which includes depreciation.
Covers damage caused by pipes backing up into your home.
How much is renters insurance?
The average cost of renters insurance is $288 nationwide, but it varies by company.
On average, State Farm is the cheapest company for renters insurance, at $196 annually.
| Company | Average annual rate | Monthly premium |
|---|---|---|
| State Farm | $196 | $16 |
| Progressive | $238 | $20 |
| Nationwide | $289 | $24 |
| Allstate | $289 | $24 |
| American Family | $305 | $25 |
| Farmers | $363 | $30 |
| Travelers | $526 | $44 |
| USAA | $209 | $17 |
Renters insurance rates by state
Find your state on the map below to see the average cost of an HO-4 renters policy in your state by company.
| State | $20,000/$100,000 liability | $40,000/$100,000 liability | $40,000/$300,000 liability | $60,000/$300,000 liability |
|---|---|---|---|---|
| Alaska | $181 | $233 | $257 | $308 |
| Alabama | $225 | $310 | $324 | $411 |
| Arkansas | $247 | $346 | $363 | $464 |
| Arizona | $170 | $237 | $260 | $327 |
| California | $205 | $253 | $271 | $322 |
| Colorado | $135 | $175 | $191 | $232 |
| Connecticut | $187 | $265 | $292 | $370 |
| Washington, D.C. | $204 | $260 | $272 | $373 |
| Delaware | $131 | $170 | $181 | $243 |
| Florida | $159 | $230 | $248 | $324 |
| Georgia | $222 | $334 | $352 | $459 |
| Hawaii | $151 | $231 | $247 | $329 |
| Iowa | $132 | $188 | $203 | $257 |
| Idaho | $127 | $169 | $184 | $225 |
| Illinois | $170 | $227 | $246 | $300 |
| Indiana | $176 | $249 | $269 | $344 |
| Kansas | $167 | $238 | $251 | $322 |
| Kentucky | $136 | $193 | $207 | $260 |
| Louisiana | $316 | $472 | $504 | $675 |
| Massachusetts | $159 | $244 | $262 | $358 |
| Maryland | $172 | $243 | $256 | $335 |
| Maine | $125 | $174 | $190 | $243 |
| Michigan | $230 | $323 | $340 | $433 |
| Minnesota | $157 | $203 | $211 | $256 |
| Missouri | $150 | $210 | $231 | $285 |
| Mississippi | $250 | $367 | $387 | $511 |
| Montana | $181 | $256 | $275 | $354 |
| North Carolina | $172 | $323 | $332 | $455 |
| North Dakota | $122 | $173 | $190 | $240 |
| Nebraska | $193 | $266 | $279 | $351 |
| New Hampshire | $118 | $160 | $173 | $215 |
| New Jersey | $134 | $190 | $207 | $267 |
| New Mexico | $146 | $191 | $201 | $244 |
| Nevada | $179 | $233 | $246 | $304 |
| New York | $217 | $276 | $293 | $362 |
| Ohio | $167 | $231 | $252 | $317 |
| Oklahoma | $187 | $266 | $281 | $352 |
| Oregon | $195 | $266 | $287 | $358 |
| Pennsylvania | $171 | $249 | $274 | $362 |
| Rhode Island | $413 | $473 | $479 | $538 |
| South Carolina | $193 | $272 | $294 | $375 |
| South Dakota | $133 | $188 | $202 | $257 |
| Tennessee | $196 | $272 | $290 | $370 |
| Texas | $143 | $214 | $226 | $293 |
| Utah | $139 | $183 | $200 | $241 |
| Virginia | $161 | $217 | $235 | $298 |
| Vermont | $133 | $166 | $182 | $227 |
| Washington | $151 | $205 | $222 | $276 |
| Wisconsin | $111 | $153 | $167 | $211 |
| West Virginia | $165 | $231 | $248 | $309 |
| Wyoming | $105 | $126 | $136 | $162 |
*Some state rates will vary based on the addition of a hurricane deductible and may be much higher when included.
How to choose the best renters insurance policy
Here’s how to find the renters insurance policy that’s right for you
Deep dives into condo insurance topics you care about.
5 min read
FAQ: Renters insurance
Get answers to the most common questions about Renters insurance
Is renters insurance required?
Renters insurance is not required by law, but your landlord might require you to buy it as part of your lease agreement.
Is renters insurance cheaper than home insurance?
Yes, renters insurance is cheaper than home insurance because it doesn’t cover the structure.
How much renters insurance do I need?
You need enough renters insurance coverage to replace all of your personal property.
Does renters insurance cover water damage?
Yes, renters insurance covers water damage caused by sudden and accidental discharge, such as from a burst pipe. It doesn’t cover flood damage; you can buy flood insurance for that.