What does State Farm renters insurance cover?
There are several standard coverages included in a State Farm renters insurance policy. You can also opt for endorsements and add-ons for more protection.
Personal property
Personal property coverage is the main portion of a renters insurance policy and provides coverage for everything you own. Landlords are not responsible for insuring their tenant’s property.
A State Farm renters insurance policy allows you to select the amount of personal property coverage you need. It’s important to note that personal property is usually covered at actual cash value, but you can upgrade your State Farm renters insurance policy to replacement cost coverage, which will pay the amount required to replace items new rather than their depreciated value.
Liability coverage
State Farm renters insurance includes basic personal liability insurance coverage that will protect you from negligence claims against you. You’ll be covered for both claims that you are responsible for injuries to others and for damage to their property.
Although a standard State Farm renters policy offers $100,000 in liability coverage, it costs very little to triple that coverage to $300,000.
Additional living expenses
A State Farm renters insurance policy includes additional living expenses/loss of use coverage that will help pay your extra expenses when you can’t live at home due to a covered loss.
This coverage pays for things like a hotel room, transportation expenses, dining out and even pet boarding.
Optional add-ons
There are some things that a State Farm renters insurance policy doesn’t cover, but a few of those can be added to your policy. Depending on where you live and your needs, you might want to add:
- Earthquake coverage
- Water and sewer backup
- Replacement cost coverage for personal property
- Special coverage for valuable items like jewelry and art
It’s important to note that floods are not covered by renters insurance and require a separate flood insurance policy.
How much does State Farm renters insurance cost?
Find your state on the table below to see the average cost of State Farm renters insurance based on $40,000 in personal property coverage with a $1,000 deductible and for liability limits of $100,000 and $300,000.
| State | $100,000 in liability coverage | $300,000 in liability coverage |
|---|---|---|
| Alaska | $162 | $180 |
| Alabama | $275 | $283 |
| Arkansas | $246 | $298 |
| Arizona | $149 | $161 |
| California | $205 | $233 |
| Colorado | $159 | $171 |
| Connecticut | $216 | $226 |
| Washington, D.C. | $296 | $306 |
| Delaware | $140 | $148 |
| Florida | $132 | $146 |
| Georgia | $295 | $306 |
| Hawaii | $88 | $113 |
| Iowa | $162 | $172 |
| Idaho | $130 | $139 |
| Illinois | $160 | $167 |
| Indiana | $169 | $176 |
| Kansas | $169 | $175 |
| Kentucky | $189 | $198 |
| Louisiana | $256 | $270 |
| Massachusetts | $95 | $112 |
| Maryland | $142 | $148 |
| Maine | $91 | $96 |
| Michigan | $238 | $248 |
| Minnesota | $141 | $145 |
| Missouri | $208 | $222 |
| Mississippi | $320 | $330 |
| Montana | $142 | $153 |
| North Carolina | $248 | $257 |
| North Dakota | $145 | $151 |
| Nebraska | $131 | $138 |
| New Hampshire | $152 | $152 |
| New Jersey | $142 | $163 |
| New Mexico | $139 | $148 |
| Nevada | $236 | $242 |
| New York | $125 | $125 |
| Ohio | $176 | $185 |
| Oklahoma | $211 | $219 |
| Oregon | $187 | $195 |
| Pennsylvania | $199 | $210 |
| Rhode Island | $187 | $197 |
| South Carolina | $253 | $272 |
| South Dakota | $149 | $154 |
| Tennessee | $204 | $209 |
| Texas | $257 | $263 |
| Utah | $148 | $157 |
| Virginia | $198 | $202 |
| Vermont | $143 | $148 |
| Washington | $135 | $150 |
| Wisconsin | $158 | $166 |
| West Virginia | $176 | $186 |
| Wyoming | $143 | $153 |
State Farm renters insurance cost by coverage level
The amount of personal property coverage you need has the greatest impact on the cost of a State Farm renters insurance policy. Compare costs below for State Farm renters insurance at various coverage levels.
| Coverage level | Average annual premium | Average monthly premium |
|---|---|---|
| $20,000 with $500 deductible and $100,000 liability | $146 | $12 |
| $20,000 with $500 deductible and $300,000 liability | $156 | $13 |
| $20,000 with $1,000 deductible and $100,000 liability | $133 | $11 |
| $20,000 with $1,000 deductible and $300,000 liability | $143 | $12 |
| $40,000 with $500 deductible and $100,000 liability | $201 | $17 |
| $40,000 with $500 deductible and $30,0000 liability | $212 | $18 |
| $40,000 with $1,000 deductible and $100,000 liability | $186 | $15 |
| $40,000 with $1,000 deductible and $300,000 liability | $196 | $16 |
| $60,000 with $500 deductible and $100,000 liability | $248 | $21 |
| $60,000 with $500 deductible and $300,000 liability | $259 | $22 |
| $60000 with $1,000 deductible and $100,000 liability | $233 | $19 |
| $60,000 with $1,000 deductible and $300,000 liability | $244 | $20 |
State Farm renters insurance discounts
State Farm offers renters insurance discounts to help reduce the cost of your policy. They include:
- Home alert protection discount
- Bundling discount
State Farm renters insurance vs. competitors
Comparing State Farm renters insurance with other providers? Here’s a head-to-head look at average premiums from State Farm vs. Allstate, Progressive and USAA.
| Company | Average annual premium | Average monthly premium |
|---|---|---|
| Allstate | $289 | $24 |
| Progressive | $238 | $20 |
| USAA* | $209 | $17 |
*USAA offers car insurance only to military members, veterans and their families.
How to file a renters insurance claim with State Farm
To file a renters insurance claim with State Farm, you have a few options. First, you can call the claims phone number provided on your policy. This is the best option if you need immediate help or are facing a major claim.
You can also file a claim online or via the State Farm mobile app. You’ll need to provide details and some documentation of the damage. Be sure to take photos and provide a list of everything that is damaged.
Is State Farm renters insurance good?
State Farm offers standard renters insurance policies with options for add-ons and discounts. You can customize your coverage to meet your needs.
State Farm earned a score of 679 out of 1,000 on J.D. Power’s list of the best renters insurance companies, and has an NAIC complaint ratio of 1.014, which is roughly equal to the benchmark of 1.00.
FAQ: State Farm renters insurance
Can you cancel State Farm renters insurance at any time?
Yes, you can cancel a renters insurance policy with State Farm whenever you like.
Does State Farm renters insurance cover water damage?
Yes, a renters insurance policy with State Farm includes coverage for water damage from sudden and accidental sources, like a burst pipe. It doesn’t cover floods.
Can students or young renters get cheaper State Farm renters insurance rates?
Renters insurance rates are not based on age, so young renters won’t pay more or less than anyone else. However, there are discounts on State Farm renters insurance that can bring your rates down.
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