- What is the average cost of renters insurance in Texas?
- Best renters insurance company in Texas: Progressive
- Cheapest renters insurance in Texas
- Texas renters insurance: The least and most expensive ZIP codes
- Renters insurance cost in Texas by city
- How to save on renters insurance in Texas
- Methodology
- FAQ: Texas renters insurance
- Compare Texas renters insurance rates with other states
What is the average cost of renters insurance in Texas?
The average renters insurance cost in Texas is $211 per year. Rates vary based on factors such as location, coverage amount, deductible, and claims history.
"The number one thing that's most important is to get good liability. A renter's policy will default to $100,000 liability," Josiah Hatch, an insurance pro with Bender Hatch Insurance in Boston, said. "It costs next to nothing to go from $100,000 to $500,000. I want to say it's probably 10 bucks a year. It's really cheap to get a lot of extra coverage. I always recommend getting the most liability you can because that's, at its core, what insurance is all about: the worst-case scenario."
| Average annual premium | $211 |
| Average monthly premium | $18 |
Best renters insurance company in Texas: Progressive
Progressive ranks as the best renters insurance company in Texas, earning a top score among the carriers we surveyed. Its average rate is $174 per year.
State Farm and Nationwide are also among the top insurance companies for renters insurance in Texas.
Rates differ widely between renters insurance providers, so it's best to shop around. It's also important to choose an insurance company with a good reputation so you know it will be there for you when you need it.
To help you choose the best renters insurance in Texas, we reviewed average rates, NAIC complaints, and AM Best financial ratings. The total Insurance.com score is calculated out of five using these factors.
Below are the best renters insurance companies in Texas.
| Company | Average annual premium | AM Best | NAIC | Insurance.com rating |
|---|---|---|---|---|
| Progressive | $174 | A+ | 1.50 | 4.69 |
| State Farm | $257 | A+ | 1.15 | 4.63 |
| Nationwide | $306 | A | 1.34 | 4.47 |
| Farmers | $386 | A | 0.89 | 4.41 |
| USAA | $135 | A++ | 0.46 | 4.88 |
Cheapest renters insurance in Texas
Our analysis shows that Progressive is the cheapest renters insurance company in Texas, with an average annual premium of $175.
Renters insurance rates can differ greatly between providers, so it's best to compare quotes to find affordable coverage that meets your needs.
Here is the list of the cheapest renters insurance companies in Texas along with their average annual premiums.
| Company name | Average annual premium |
|---|---|
| Progressive | $175 |
| Allstate | $219 |
| State Farm | $257 |
| Nationwide | $306 |
| Farmers | $400 |
| USAA | $135 |
Texas renters insurance: The least and most expensive ZIP codes
Your location in Texas directly impacts the cost of renters insurance. The most expensive ZIP code in Texas is 77555, with an average annual premium of $590. This amount is $379 more than higher than the state average.
On the other hand, 79770 is the least expensive ZIP code for renters insurance with an average annual premium of $174 a year.
| City | ZIP code | Average annual rate |
|---|---|---|
| Galveston | 77555 | $590 |
| Bolivar Peninsula | 77650 | $570 |
| Gilchrist | 77617 | $558 |
| Seabrook | 77586 | $462 |
| Port O'Connor | 77982 | $450 |
| Port Aransas | 78373 | $427 |
| South Padre Island | 78597 | $410 |
| Bacliff | 77518 | $387 |
| Kemah | 77565 | $383 |
| Liverpool | 77577 | $366 |
| City | ZIP code | Average annual rate |
|---|---|---|
| Orla | 79770 | $174 |
| Pecos | 79772 | $174 |
| Toyah | 79785 | $174 |
| Marfa | 79843 | $175 |
| Presidio | 79845 | $175 |
| Redford | 79846 | $175 |
| Fort Stockton | 79735 | $176 |
| Abilene | 79605 | $177 |
| Allen | 75013 | $177 |
| Alpine | 79832 | $177 |
Renters insurance cost in Texas by city
In Texas, renters insurance rates vary across cities due to factors such as weather risks, crime rates, and other factors. To get the best deal in your city, Compare quotes from several insurers before selecting a policy, so they weigh each factor differently.
City Annual insurance premium
How to save on renters insurance in Texas
You can lower the cost of renters insurance in Texas in several simple ways without reducing the coverage you need:
- Bundle your policies. Many insurers give a discount when you purchase renters and auto insurance together.
- Increase your deductible. Selecting a higher deductible lowers your monthly or yearly premium, but you should make sure you can afford it.
- Ask about discounts. Many insurance companies offer discounts for having smoke alarms, security systems, or a claims-free history.
- Compare quotes. Since prices vary widely between companies, getting quotes from multiple insurers helps you find the best deal.
- Pay annually. Some insurers provide a small discount if you make yearly payment instead of paying monthly.
Methodology
Insurance.com compared renters insurance rates provided by Quadrant Information Services for $40,000 personal property coverage with a $1,000 deductible and $100,000 liability coverage for all available ZIP codes based on a renter with good credit. To rank the best insurance companies, we gathered AM Best financial stability ratings, where an A++ is the best possible score, and National Association of Insurance Commissioners (NAIC) complaint ratios, which compare the number of complaints a company receives to the anticipated complaint volume based on market share. These factors were used along with rates to find the best companies overall.
FAQ: Texas renters insurance
Do I need renters insurance in Texas?
You do not legally require renters insurance, but your landlord may require you to carry a policy as part of your lease agreement.
How much renters insurance do I need in Texas?
You don't need any renters insurance by law, but when buying a policy you should ensure you have enough personal property coverage to cover all of your personal property at replacement cost.
