Cheapest renters insurance

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A landlord's homeowners insurance policy doesn't cover a renter's personal possessions, so if you're a renter, you'll need renters insurance to protect your belongings. Renters insurance generally covers three areas: personal property, personal liability and additional living expenses incurred if your rented home is uninhabitable. Personal property includes electronics, clothing, furniture and even kitchen and bath supplies. Liability coverage protects you financially from damages you cause to others, generally for bodily injury or property damage. Additional living expenses coverage also called ALE can help pay for a short-term rental and additional expenses like restaurant meals, for example.

Cheapest renters insurance

Many or all of the products featured here are from our partners who compensate us. This influences which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money. The best cheap renters insurance companies offer both. NerdWallet analyzed rates across the country to find the cheapest renters insurance companies in each state and in 25 major cities, plus average nationwide rates for several highly rated companies. Your own rates will vary based on where you live, how much coverage you choose and other factors. Our writers and editors follow strict editorial guidelines to ensure fairness and accuracy in our writing and data analyses. You can trust the prices we show you because our data analysts take rigorous measures to eliminate outliers and inaccuracies. Our pricing data includes rates from every ZIP code in the country where coverage is offered and data is available. Read our methodology. We compared rates for 10 large renters insurance companies across various U. Note that not all companies sell in every state. State Farm.

Liberty Mutual Best Value. Our opinions are our own.

Partner content: This content was created by a business partner of Dow Jones, independent of the MarketWatch newsroom. Links in this article may result in us earning a commission. Learn More. According to our rating methodology, State Farm and Lemonade are among the most affordable renters insurance companies across the U. Mike Miller is a writer with a decade of experience producing product and service content to help consumers make informed purchasing decisions.

With just a few clicks you can access the GEICO Insurance Agency partner your boat insurance policy is with to find your policy service options and contact information. Read more. Helpful life insurance agents, who can assist you in servicing your policy, are just a phone call away. Simply, login to your auto policy to manage your umbrella policy. Our experienced agents can help you with any paperwork and to manage your policy. Call us if you have any questions about this valuable coverage. Need to make changes to your travel policy? You can make a payment or view your policy online anytime. Access your policy online to pay a bill, make a change, or just get some information.

Cheapest renters insurance

Many or all of the products featured here are from our partners who compensate us. This influences which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money. The best cheap renters insurance companies offer both.

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What is renters insurance? Most insurance providers offer discounts for things like bundling insurance policies, remaining claims-free, or enrolling in auto-pay, but the type and monetary value of discounts vary by company. And, it is important to note, that if you selected a higher deductible, it will help lower your premium. Doing this can help you find a policy that fits your budget while still providing adequate coverage for your personal belongings. Check out these renters insurance discounts offered by Allstate:. While the sample quote we gathered was a few dollars higher than the lowest quote we found online, the convenience factor including a user-friendly app and high customer satisfaction ratings from J. Multi-policy : Customers who bundle with auto insurance are eligible to save with this discount. According to J. Some coverages come with a deductible, which is the amount you'll pay toward a claim. Amanda Lutz is a content marketing manager and writer with nearly a decade of experience contributing to prominent home services and wellness publications like AD, This Old House, and MarketWatch. Loss of Use. Explore Insurance. Content on Quartz Advisor is commercial in nature and independent of Quartz Editorial and Advertising. New Jersey.

Partner content: This content was created by a business partner of Dow Jones, independent of the MarketWatch newsroom. Links in this article may result in us earning a commission. Learn More.

Cons Available in only 29 states. A standard Farmers policy provides personal property, loss of use, liability, and medical payments to others. Liberty Mutual. Location plays a major role in your cost of renters insurance. We used the most populous ZIP codes for our study. Here are the endorsements you can add to a Liberty Mutual plan: Blanket jewelry coverage Earthquake coverage Portable electronics coverage. We researched each company by gathering cost information and requesting quotes, combing through policy information, secret shopping and reading customer reviews to understand the customer service experience, and accessing financial reliability scores. Toggle Best for Flexible Pricing. Those with poor credit tend to pay more for renters insurance — often significantly more. Read our full cost methodology below. In California, earthquake insurance is typically purchased through the California Earthquake Authority. Learn about renters insurance. Sign up. What is renters insurance?