<p><img src="https://static4.businessinsider.com/image/5ef26f2e988ee347322774f9-2400/best renters insurance 2020 4x3.png" border="0" alt="best renters insurance 2020 4x3" data-mce-source="Alyssa Powell/Business Insider"></p><p></p><bi-shortcode id="disclaimer" class="mceNonEditable" data-type="pfi"> </bi-shortcode><bi-shortcode id="summary-shortcode" data-type="summary-shortcode" class="mceNonEditable" contenteditable="false">Summary List Placement</bi-shortcode><bi-shortcode id="table-of-contents-sticky" class="mceNonEditable" data-type="h2">Table of Contents: Masthead Sticky</bi-shortcode><h2><strong>The best renters insurance companies of 2021</strong></h2><p>If you're currently renting your home, renters insurance is coverage you should probably haveespecially considering how little it costs. </p><p>Business Insider compiled data from different renters insurance companies based on customer service and premium prices where available. From there, we determined the best. For sample quotes we entered data for two people renting a two-bedroom, one-bath, single-family with no pets in Philadelphia. </p><p>Our top picks for the best renters insurance are below:</p><table style="height: 147px; width: 100%; border-collapse: collapse;" border="1" cellpadding="10px"><tbody><tr style="height: 21px;"><td style="width: 33.3333%; height: 21px;"> </td><td style="width: 16.6667%; height: 21px; text-align: center;"><strong>Sample quote</strong></td><td style="width: 16.6667%; height: 21px; text-align: center;"><strong>Customer rating*</strong></td><td style="width: 33.3333%; height: 21px; text-align: center;"><strong>Available in all 50 states' </strong></td></tr><tr style="height: 21px;"><td style="width: 33.3333%; height: 21px;">1. <a href="https://insurance.mediaalpha.com/direct-link.html'cu=https://www.statefarm.com/insurance/home-and-property/renters&carrier=state_farm;PsSAOaw908DXgBtkHpz0Gv1fMV-X_PtuIqBpLKCFJ5LAU1mSA52KXRZi2a1ymYe-rb6OvxZxbw_tIrV_QOnCZVx5fKoNdA" target="_blank" rel="nofollow noopener sponsored nofollow sponsored">State Farm renters insurance</a></td><td style="width: 16.6667%; height: 21px; text-align: center;">$15.67</td><td style="width: 16.6667%; height: 21px; text-align: center;">8</td><td style="width: 33.3333%; height: 21px; text-align: center;">Yes</td></tr><tr style="height: 21px;"><td style="width: 33.3333%; height: 21px;">2. <a href="https://www.awin1.com/awclick.php'gid=344576&mid=15372&awinaffid=257137&linkid=2663051&clickref=" target="_blank" rel="nofollow noopener sponsored nofollow sponsored nofollow sponsored">Lemonade renters insurance</a></td><td style="width: 16.6667%; height: 21px; text-align: center;">$16.84</td><td style="width: 16.6667%; height: 21px; text-align: center;">1</td><td style="width: 33.3333%; height: 21px; text-align: center;">No, available in 28 states</td></tr><tr style="height: 21px;"><td style="width: 33.3333%; height: 21px;">3. <a href="https://www.erieinsurance.com/renters-insurance" target="_blank" rel="noopener">Erie renters insurance</a></td><td style="width: 16.6667%; height: 21px; text-align: center;">N/A</td><td style="width: 16.6667%; height: 21px; text-align: center;">2</td><td style="width: 33.3333%; height: 21px; text-align: center;"> </td></tr><tr style="height: 21px;"><td style="width: 33.3333%; height: 21px;">4. <a href="https://insurance.mediaalpha.com/direct-link.html'cu=https://www.allstate.com/renters-insurance.aspx&carrier=allstate;PsSAOaw908DXgBtkHpz0Gv1fMV-X_PtuIqBpLKCFJ5LAU1mSA52KXRZi2a1ymYe-rb6OvxZxbw_tIrV_QOnCZVx5fKoNdA" target="_blank" rel="noopener nofollow sponsored nofollow sponsored">Allstate renters insurance</a></td><td style="width: 16.6667%; text-align: center; height: 21px;">$23.00</td><td style="width: 16.6667%; text-align: center; height: 21px;">4</td><td style="width: 33.3333%; text-align: center; height: 21px;">Yes</td></tr><tr style="height: 21px;"><td style="width: 33.3333%; height: 21px;">5. <a href="https://insurance.mediaalpha.com/direct-link.html'cu=https://www.farmers.com/renters/&carrier=farmers;PsSAOaw908DXgBtkHpz0Gv1fMV-X_PtuIqBpLKCFJ5LAU1mSA52KXRZi2a1ymYe-rb6OvxZxbw_tIrV_QOnCZVx5fKoNdA" target="_blank" rel="nofollow noopener sponsored nofollow sponsored">Farmers renters insurance</a></td><td style="width: 16.6667%; height: 21px; text-align: center;">$21.83</td><td style="width: 16.6667%; height: 21px; text-align: center;">6</td><td style="width: 33.3333%; height: 21px; text-align: center;">Yes</td></tr><tr style="height: 21px;"><td style="width: 33.3333%; height: 21px;">Best for military: <a href="https://insurance.mediaalpha.com/direct-link.html'cu=https://www.usaa.com/inet/wc/insurance_home_renters&carrier=usaa;PsSAOaw908DXgBtkHpz0Gv1fMV-X_PtuIqBpLKCFJ5LAU1mSA52KXRZi2a1ymYe-rb6OvxZxbw_tIrV_QOnCZVx5fKoNdA" target="_blank" rel="nofollow noopener sponsored nofollow sponsored">USAA renters insurance</a></td><td style="width: 16.6667%; height: 21px; text-align: center;">N/A</td><td style="width: 16.6667%; height: 21px; text-align: center;">N/A</td><td style="width: 33.3333%; height: 21px; text-align: center;">Yes, only to military members and family</td></tr></tbody></table><p><em>*</em><em>J.D. Power </em><em>Customer satisfaction 2020</em></p><p>Whether you're renting a studio apartment or an entire single-family home, renters insurance picks up where your landlord's insurance policy leaves off. If a fire destroys your rented home, your renters insurance could help to replace your belongings. Similarly, if someone hurts themselves in your rented home and sues you, this coverage could help. </p><p>The average renters insurance policy costs between $15 and $20 per month, much cheaper than <a href="https://www.businessinsider.com/personal-finance/average-homeowners-insurance-cost">homeowners insurance</a>. Renters insurance policies are available from a variety of insurers, and it might be smart to bundle it with <a href="https://www.businessinsider.com/personal-finance/best-cheap-car-insurance-companies">car insurance</a> or other types of insurance to get the best price on both policies. </p><p>If you're searching for a new company for your renter's insurance policy, know that many factors can change the price you're quoted, including your credit score in some states, characteristics of the home you're renting, and even whether you have a dog. </p><h2><strong>More on the best renters insurance companies of 2021</strong></h2><p>Here's some more detail on our winners:</p><h3><strong>1. </strong><a href="https://insurance.mediaalpha.com/direct-link.html'cu=https://www.statefarm.com/insurance/home-and-property/renters&carrier=state_farm;PsSAOaw908DXgBtkHpz0Gv1fMV-X_PtuIqBpLKCFJ5LAU1mSA52KXRZi2a1ymYe-rb6OvxZxbw_tIrV_QOnCZVx5fKoNdA" target="_blank" rel="nofollow noopener sponsored"><strong>State Farm renters insurance</strong></a></h3><p>Pros:</p><ul><li>The biggest provider of renters insurance in the US</li><li>Nationwide coverage</li><li>Lowest monthly rate </li><li>Ranked in top 10 for customer service</li></ul><p>State Farm is the biggest provider of private renters insurance in the US. This company had some of the lowest renters insurance rates in Business Insider's sample scenario, with a policy for a typical home in Philadelphia costing less than $16 per month. </p><p>State Farm's renters insurance is a solid starting plan, covering the basics of the items you own, your expenses if something happens to your rented home, and liability. </p><p><a href="https://insurance.mediaalpha.com/direct-link.html'cu=https://www.statefarm.com/insurance/home-and-property/renters&carrier=state_farm;PsSAOaw908DXgBtkHpz0Gv1fMV-X_PtuIqBpLKCFJ5LAU1mSA52KXRZi2a1ymYe-rb6OvxZxbw_tIrV_QOnCZVx5fKoNdA" target="_blank" rel="nofollow noopener sponsored"><strong>Learn more about State Farm renters insurance </strong></a></p><h3><strong>2. </strong><a href="https://www.awin1.com/awclick.php'gid=344576&mid=15372&awinaffid=257137&linkid=2663051&clickref=1601483563893agvod14mx%7Cxid:fr1601483567146haf" target="_blank" rel="nofollow noopener sponsored"><strong>Lemonade renters insurance</strong></a></h3><p>Pros: </p><ul><li>Easy online quoting and purchasing</li><li>Ranked #1 in customer satisfaction</li><li>B-corp status with corporate focus on <a href="https://investor.lemonade.com/news-and-events/news/news-details/2020/Lemonades-2020-Giveback-Hits-New-High-Backing-34-Nonprofits-Chosen-By-Customers/default.aspx" target="_blank" rel="noopener">giving back to charities</a> chosen by customers</li></ul><p>Cons:</p><ul><li>Only available in <a href="https://www.lemonade.com/lemonade-goes-global">28 states</a></li><li>No bundling discountsLemonade only offers home and renters insurance</li></ul><p>Lemonade offers renters insurance policy purchasing and quotes online with a very smooth and easy online experience. If you want to work with an agent, this probably isn't the company for you. But, for an easy and affordable renters insurance policy, Lemonade may be a good option. </p><p><a href="https://www.awin1.com/awclick.php'gid=344576&mid=15372&awinaffid=257137&linkid=2663051&clickref=1601483563893agvod14mx%7Cxid:fr1601483567146haf" target="_blank" rel="nofollow noopener sponsored"><strong>Learn more about Lemonade renters insurance </strong></a></p><h3><strong>3. </strong><a href="https://www.erieinsurance.com/renters-insurance" target="_blank" rel="noopener"><strong>Erie Insurance</strong></a></h3><p>Pros: </p><ul><li>Ranked No. 2 in customer satisfaction</li><li>Low-cost</li></ul><p>Cons:</p><ul><li>Only available in the Mid-Atlantic, North Central, and Southeast regions of the US</li><li>Online process includes speaking with an agent</li></ul><p>If you want quick online quotes, this probably isn't the company for you. But it might be worth a phone callif you live in one of the states it covers, Erie could offer competitive premiums and great customer service. </p><p><a href="https://www.erieinsurance.com/renters-insurance" target="_blank" rel="noopener"><strong>Learn more about Erie renters insurance </strong></a></p><h3><strong>4. </strong><a href="https://insurance.mediaalpha.com/direct-link.html'cu=https://www.allstate.com/renters-insurance.aspx&carrier=allstate;PsSAOaw908DXgBtkHpz0Gv1fMV-X_PtuIqBpLKCFJ5LAU1mSA52KXRZi2a1ymYe-rb6OvxZxbw_tIrV_QOnCZVx5fKoNdA" target="_blank" rel="nofollow nofollow nofollow noopener sponsored sponsored sponsored"><strong>Allstate</strong></a></h3><p>Pros: </p><ul><li>Nationwide provider</li><li>Ranked in top 10 for customer service</li><li>Multi-policy discounts available</li></ul><p>Cons:</p><ul><li>Policies start at $20, which is higher than other companies' starting costs</li></ul><p>Allstate has been around and offers coverage nationwide. In addition to renters insurance, it offers auto, life, homeowners, and business insurance. You may be eligible for discounts if you have other coverage with them.</p><p><a href="https://insurance.mediaalpha.com/direct-link.html'cu=https://www.allstate.com/renters-insurance.aspx&carrier=allstate;PsSAOaw908DXgBtkHpz0Gv1fMV-X_PtuIqBpLKCFJ5LAU1mSA52KXRZi2a1ymYe-rb6OvxZxbw_tIrV_QOnCZVx5fKoNdA" target="_blank" rel="nofollow nofollow noopener sponsored sponsored"><strong>Learn more about Allstate renters insurance </strong></a></p><h3><strong>5. </strong><a href="https://insurance.mediaalpha.com/direct-link.html'cu=https://www.farmers.com/renters/&carrier=farmers;PsSAOaw908DXgBtkHpz0Gv1fMV-X_PtuIqBpLKCFJ5LAU1mSA52KXRZi2a1ymYe-rb6OvxZxbw_tIrV_QOnCZVx5fKoNdA" target="_blank" rel="nofollow noopener sponsored"><strong>Farmers renters insurance</strong></a></h3><p>Pros:</p><ul><li>Good marks for customer satisfaction</li><li>Bundling discounts available</li></ul><p>Cons:</p><ul><li>Not the cheapest renters insurance</li></ul><p>Farmers offers relatively affordable renters insurance policies. Though it took the fifth spot, a sample quote of $21.83 still means there are companies that charge more. </p><p>With many other types of insurance policies, including car insurance, there are plenty of ways to bundle and get a discount. Policy add-ons like identity theft protection could also be helpful. </p><p><a href="https://insurance.mediaalpha.com/direct-link.html'cu=https://www.farmers.com/renters/&carrier=farmers;PsSAOaw908DXgBtkHpz0Gv1fMV-X_PtuIqBpLKCFJ5LAU1mSA52KXRZi2a1ymYe-rb6OvxZxbw_tIrV_QOnCZVx5fKoNdA" target="_blank" rel="nofollow noopener sponsored"><strong>Learn more about Farmers renters insurance </strong></a></p><h3><strong>Best for military: </strong><a href="https://insurance.mediaalpha.com/direct-link.html'cu=https://www.usaa.com/inet/wc/insurance_home_renters&carrier=usaa;PsSAOaw908DXgBtkHpz0Gv1fMV-X_PtuIqBpLKCFJ5LAU1mSA52KXRZi2a1ymYe-rb6OvxZxbw_tIrV_QOnCZVx5fKoNdA" target="_blank" rel="nofollow noopener sponsored"><strong>USAA renters insurance</strong></a><strong> </strong></h3><p>Pros:</p><ul><li>High marks for customer satisfaction</li><li>Rated highly for other types of insurance, like car and homeowners</li></ul><p>Cons:</p><ul><li>Quotes not available online</li><li>Only available to military members and family</li></ul><p>For military families or anyone eligible, USAA could be a good option as well. While quotes aren't available online, USAA consistently earns top marks for insurance coverage in other categories, including <a href="https://www.businessinsider.com/personal-finance/best-cheap-car-insurance-companies">car insurance</a> and <a href="https://www.businessinsider.com/post/preview'post_id=5ee0e48b3f7370531409d8ac&mode=desktop#frequently-asked-questions">homeowners insurance</a>. If it's an option for you, a quote from USAA would be a good place to start your search. </p><p><a href="https://insurance.mediaalpha.com/direct-link.html'cu=https://www.usaa.com/inet/wc/insurance_home_renters&carrier=usaa;PsSAOaw908DXgBtkHpz0Gv1fMV-X_PtuIqBpLKCFJ5LAU1mSA52KXRZi2a1ymYe-rb6OvxZxbw_tIrV_QOnCZVx5fKoNdA" target="_blank" rel="nofollow noopener sponsored"><strong>Learn more about USAA renters insurance </strong></a></p><h2><strong>The best renters insurance based on customer satisfaction</strong></h2><p>How much people like their renters insurance providers may factor into your decision. According to a <a href="https://www.jdpower.com/business/press-releases/2020-us-home-insurance-study">J.D. Power survey</a>, these are the top renters insurance companies in the US, based on customer rankings:</p><ol><li>Lemonade</li><li>Erie</li><li>Segment Average</li><li>Allstate</li><li>American Family</li><li>Farmers</li><li>Auto Club of Southern California</li><li>State Farm</li><li>ASI Progressive</li><li>Nationwide</li><li> Liberty Mutual</li><li>The Hartford</li><li>Travelers</li><li>CSAA</li></ol><h2><strong>Average annual premium for</strong><strong> renters insurance by state</strong></h2><p>Like <a href="https://www.businessinsider.com/post/preview'post_id=5ee0e48b3f7370531409d8ac&mode=desktop#more-on-the-5-best-homeowners-insurance-companies-overall">homeowners insurance</a> and <a href="https://www.businessinsider.com/personal-finance/best-cheap-car-insurance-companies">car insurance</a>, renters insurance can vary a lot by state. Where you live will play a big role in your quote, and each company will consider that differently. </p><p>Here's the average annual premium for renters insurance by state, according to the <a href="https://www.iii.org/fact-statistic/facts-statistics-renters-insurance">Insurance Information Institute</a>.</p><table style="height: 1158px; width: 100%; border-collapse: collapse;" border="1" cellpadding="10px"><tbody><tr style="height: 65px;"><td style="width: 33.3766%; height: 65px;"><strong>State </strong></td><td style="width: 33.3333%; height: 65px;"><strong>Average annual premium</strong></td></tr><tr style="height: 21px;"><td style="width: 33.3766%; height: 21px;" data-sheets-value="{"1":2,"2":"Alabama"}">Alabama</td><td style="width: 33.3333%; height: 21px;">$235</td></tr><tr style="height: 21px;"><td style="width: 33.3766%; height: 21px;" data-sheets-value="{"1":2,"2":"Alaska"}">Alaska</td><td style="width: 33.3333%; height: 21px;">$166</td></tr><tr style="height: 21px;"><td style="width: 33.3766%; height: 21px;" data-sheets-value="{"1":2,"2":"Arizona"}">Arizona</td><td style="width: 33.3333%; height: 21px;">$178</td></tr><tr style="height: 21px;"><td style="width: 33.3766%; height: 21px;" data-sheets-value="{"1":2,"2":"Arkansas"}">Arkansas</td><td style="width: 33.3333%; height: 21px;">$212</td></tr><tr style="height: 21px;"><td style="width: 33.3766%; height: 21px;" data-sheets-value="{"1":2,"2":"California"}">California</td><td style="width: 33.3333%; height: 21px;">$182</td></tr><tr style="height: 21px;"><td style="width: 33.3766%; height: 21px;" data-sheets-value="{"1":2,"2":"Colorado"}">Colorado</td><td style="width: 33.3333%; height: 21px;">$159</td></tr><tr style="height: 21px;"><td style="width: 33.3766%; height: 21px;" data-sheets-value="{"1":2,"2":"Connecticut"}">Connecticut</td><td style="width: 33.3333%; height: 21px;">$192</td></tr><tr style="height: 21px;"><td style="width: 33.3766%; height: 21px;" data-sheets-value="{"1":2,"2":"Delaware"}">Delaware</td><td style="width: 33.3333%; height: 21px;">$159</td></tr><tr style="height: 21px;"><td style="width: 33.3766%; height: 21px;">District of Columbia</td><td style="width: 33.3333%; height: 21px;">$158</td></tr><tr style="height: 21px;"><td style="width: 33.3766%; height: 21px;" data-sheets-value="{"1":2,"2":"Florida"}">Florida</td><td style="width: 33.3333%; height: 21px;">$188</td></tr><tr style="height: 21px;"><td style="width: 33.3766%; height: 21px;" data-sheets-value="{"1":2,"2":"Georgia"}">Georgia</td><td style="width: 33.3333%; height: 21px;">$219</td></tr><tr style="height: 21px;"><td style="width: 33.3766%; height: 21px;" data-sheets-value="{"1":2,"2":"Hawaii"}">Hawaii</td><td style="width: 33.3333%; height: 21px;">$185</td></tr><tr style="height: 21px;"><td style="width: 33.3766%; height: 21px;" data-sheets-value="{"1":2,"2":"Idaho"}">Idaho</td><td style="width: 33.3333%; height: 21px;">$153</td></tr><tr style="height: 21px;"><td style="width: 33.3766%; height: 21px;" data-sheets-value="{"1":2,"2":"Illinois"}">Illinois</td><td style="width: 33.3333%; height: 21px;">$167</td></tr><tr style="height: 21px;"><td style="width: 33.3766%; height: 21px;" data-sheets-value="{"1":2,"2":"Indiana"}">Indiana</td><td style="width: 33.3333%; height: 21px;">$174</td></tr><tr style="height: 21px;"><td style="width: 33.3766%; height: 21px;" data-sheets-value="{"1":2,"2":"Iowa"}">Iowa</td><td style="width: 33.3333%; height: 21px;">$144</td></tr><tr style="height: 21px;"><td style="width: 33.3766%; height: 21px;" data-sheets-value="{"1":2,"2":"Kansas"}">Kansas</td><td style="width: 33.3333%; height: 21px;">$172</td></tr><tr style="height: 21px;"><td style="width: 33.3766%; height: 21px;" data-sheets-value="{"1":2,"2":"Kentucky"}">Kentucky</td><td style="width: 33.3333%; height: 21px;">$168</td></tr><tr style="height: 21px;"><td style="width: 33.3766%; height: 21px;" data-sheets-value="{"1":2,"2":"Louisiana"}">Louisiana</td><td style="width: 33.3333%; height: 21px;">$235</td></tr><tr style="height: 21px;"><td style="width: 33.3766%; height: 21px;" data-sheets-value="{"1":2,"2":"Maine"}">Maine</td><td style="width: 33.3333%; height: 21px;">$149</td></tr><tr style="height: 21px;"><td style="width: 33.3766%; height: 21px;" data-sheets-value="{"1":2,"2":"Maryland"}">Maryland</td><td style="width: 33.3333%; height: 21px;">$161</td></tr><tr style="height: 21px;"><td style="width: 33.3766%; height: 21px;" data-sheets-value="{"1":2,"2":"Massachusetts"}">Massachusetts</td><td style="width: 33.3333%; height: 21px;">$194</td></tr><tr style="height: 21px;"><td style="width: 33.3766%; height: 21px;" data-sheets-value="{"1":2,"2":"Michigan"}">Michigan</td><td style="width: 33.3333%; height: 21px;">$182</td></tr><tr style="height: 21px;"><td style="width: 33.3766%; height: 21px;" data-sheets-value="{"1":2,"2":"Minnesota"}">Minnesota</td><td style="width: 33.3333%; height: 21px;">$140</td></tr><tr style="height: 21px;"><td style="width: 33.3766%; height: 21px;" data-sheets-value="{"1":2,"2":"Mississippi"}">Mississippi</td><td style="width: 33.3333%; height: 21px;">$258</td></tr><tr style="height: 21px;"><td style="width: 33.3766%; height: 21px;" data-sheets-value="{"1":2,"2":"Missouri"}">Missouri</td><td style="width: 33.3333%; height: 21px;">$173</td></tr><tr style="height: 21px;"><td style="width: 33.3766%; height: 21px;" data-sheets-value="{"1":2,"2":"Montana"}">Montana</td><td style="width: 33.3333%; height: 21px;">$146</td></tr><tr style="height: 21px;"><td style="width: 33.3766%; height: 21px;" data-sheets-value="{"1":2,"2":"Nebraska"}">Nebraska</td><td style="width: 33.3333%; height: 21px;">$143</td></tr><tr style="height: 21px;"><td style="width: 33.3766%; height: 21px;" data-sheets-value="{"1":2,"2":"Nevada"}">Nevada</td><td style="width: 33.3333%; height: 21px;">$178</td></tr><tr style="height: 21px;"><td style="width: 33.3766%; height: 21px;" data-sheets-value="{"1":2,"2":"New Hampshire"}">New Hampshire</td><td style="width: 33.3333%; height: 21px;">$149</td></tr><tr style="height: 21px;"><td style="width: 33.3766%; height: 21px;" data-sheets-value="{"1":2,"2":"New Jersey"}">New Jersey</td><td style="width: 33.3333%; height: 21px;">$165</td></tr><tr style="height: 21px;"><td style="width: 33.3766%; height: 21px;" data-sheets-value="{"1":2,"2":"New Mexico"}">New Mexico</td><td style="width: 33.3333%; height: 21px;">$187</td></tr><tr style="height: 21px;"><td style="width: 33.3766%; height: 21px;" data-sheets-value="{"1":2,"2":"New York"}">New York</td><td style="width: 33.3333%; height: 21px;">$194</td></tr><tr style="height: 21px;"><td style="width: 33.3766%; height: 21px;" data-sheets-value="{"1":2,"2":"North Carolina"}">North Carolina</td><td style="width: 33.3333%; height: 21px;">$157</td></tr><tr style="height: 21px;"><td style="width: 33.3766%; height: 21px;" data-sheets-value="{"1":2,"2":"North Dakota"}">North Dakota</td><td style="width: 33.3333%; height: 21px;">$120</td></tr><tr style="height: 21px;"><td style="width: 33.3766%; height: 21px;" data-sheets-value="{"1":2,"2":"Ohio"}">Ohio</td><td style="width: 33.3333%; height: 21px;">$175</td></tr><tr style="height: 21px;"><td style="width: 33.3766%; height: 21px;" data-sheets-value="{"1":2,"2":"Oklahoma"}">Oklahoma</td><td style="width: 33.3333%; height: 21px;">$236</td></tr><tr style="height: 21px;"><td style="width: 33.3766%; height: 21px;" data-sheets-value="{"1":2,"2":"Oregon"}">Oregon</td><td style="width: 33.3333%; height: 21px;">$163</td></tr><tr style="height: 21px;"><td style="width: 33.3766%; height: 21px;" data-sheets-value="{"1":2,"2":"Pennsylvania"}">Pennsylvania</td><td style="width: 33.3333%; height: 21px;">$158</td></tr><tr style="height: 21px;"><td style="width: 33.3766%; height: 21px;" data-sheets-value="{"1":2,"2":"Rhode Island"}">Rhode Island</td><td style="width: 33.3333%; height: 21px;">$182</td></tr><tr style="height: 21px;"><td style="width: 33.3766%; height: 21px;" data-sheets-value="{"1":2,"2":"South Carolina"}">South Carolina</td><td style="width: 33.3333%; height: 21px;">$188</td></tr><tr style="height: 21px;"><td style="width: 33.3766%; height: 21px;" data-sheets-value="{"1":2,"2":"South Dakota"}">South Dakota</td><td style="width: 33.3333%; height: 21px;">$123</td></tr><tr style="height: 21px;"><td style="width: 33.3766%; height: 21px;" data-sheets-value="{"1":2,"2":"Tennessee"}">Tennessee</td><td style="width: 33.3333%; height: 21px;">$199</td></tr><tr style="height: 21px;"><td style="width: 33.3766%; height: 21px;" data-sheets-value="{"1":2,"2":"Texas"}">Texas</td><td style="width: 33.3333%; height: 21px;">$232</td></tr><tr style="height: 21px;"><td style="width: 33.3766%; height: 21px;" data-sheets-value="{"1":2,"2":"Utah"}">Utah</td><td style="width: 33.3333%; height: 21px;">$151</td></tr><tr style="height: 21px;"><td style="width: 33.3766%; height: 21px;" data-sheets-value="{"1":2,"2":"Vermont"}">Vermont</td><td style="width: 33.3333%; height: 21px;">$155</td></tr><tr style="height: 21px;"><td style="width: 33.3766%; height: 21px;" data-sheets-value="{"1":2,"2":"Virginia"}">Virginia</td><td style="width: 33.3333%; height: 21px;">$152</td></tr><tr style="height: 21px;"><td style="width: 33.3766%; height: 21px;" data-sheets-value="{"1":2,"2":"Washington"}">Washington</td><td style="width: 33.3333%; height: 21px;">$163</td></tr><tr style="height: 21px;"><td style="width: 33.3766%; height: 21px;" data-sheets-value="{"1":2,"2":"West Virginia"}">West Virginia</td><td style="width: 33.3333%; height: 21px;">$188</td></tr><tr style="height: 21px;"><td style="width: 33.3766%; height: 21px;" data-sheets-value="{"1":2,"2":"Wisconsin"}">Wisconsin</td><td style="width: 33.3333%; height: 21px;">$134</td></tr><tr style="height: 21px;"><td style="width: 33.3766%; height: 21px;" data-sheets-value="{"1":2,"2":"Wyoming"}">Wyoming</td><td style="width: 33.3333%; height: 21px;">$147</td></tr></tbody></table><h2><strong>Frequently asked questions</strong></h2><h3><strong>How were the winners determined'</strong></h3><p>The best renters insurance company is one that offers the most coverage for the least amount of money, and also has a good reputation for customer service. </p><p>Business Insider compiled data from different renters insurance companies based on customer service and premium prices where available. From there, we determined the top five. To find out how much policies typically cost, Business Insider obtained sample quotes for renters insurance for a two-bedroom, one-bath home with a smoke detector and no pets with two occupants in Philadelphia, Pennsylvania. </p><p>Customer satisfaction was also considered as a factor, with almost all of the companies taking top spots for customer satisfaction in JD Power's renters insurance satisfaction survey. </p><h3><strong>How much is renters insurance'</strong></h3><p>According to data from the Insurance Information Institute, the average renters insurance policy cost $180 per year in 2017, or about $15 per month. </p><p>The amount you'll pay for renters insurance can vary based on several factors, including the location, type, and size of home you're renting, your <a href="https://www.businessinsider.com/personal-finance/how-to-check-your-credit-score-free">credit score</a>, and the amount of coverage you're looking for. Other things may also play a role in the price of your renters insurance, including whether <a href="https://www.businessinsider.com/personal-finance/best-pet-insurance">you have a dog</a>, and how many people live with you. </p><p>Renters insurance is generally pretty affordable, and can sometimes be bundled with other policies for better rates. If you already have car insurance, it might pay to get a quote from your current insurer including renters insurance to see if it offers a discount. </p><h3><strong>What does renters insurance cover'</strong></h3><p>Sure, your landlord has an insurance policy on your rented home. But, it probably won't cover you or your things if anything happens to your building, or if you're facing a lawsuit from someone hurt on your property. Renters insurance doesn't cover any structural damage that happens to your home, however. </p><p>There are two main parts of coverage to a renters insurance policy: property coverage, and liability coverage. </p><p><strong>Property coverage</strong></p><p>If a fire burns down your rented home, for example, your landlord's insurance policy will help to rebuild it. But, it won't help you, the tenant, replace or repair your items. That's what renters insurance is for. </p><p>Renters insurance can help to replace or pay for property that you bring into the home if something unexpected happens to it, from fires to theft. If your items are stolen or damaged, you could get help with the cost of replacing those items from your renters insurance policy. </p><p>Sometimes, renters insurance will also cover property left in vehicles, or other items that could be stolen. Some renters insurance policies also include identity theft protection. </p><p><strong>Liability protection</strong></p><p>Liability protection from your renters insurance policy could help protect you if someone sues you over damage or an accident that happens on your property. Depending on your coverage, it could help cover you up to a certain dollar amount. </p><h3><strong>How to find the best cheap renters insurance</strong></h3><p>To be sure that you're getting the best price for your renters insurance coverage, you'll want to shop around and get quotes from several different insurers. Compare the quotes, and look for the most coverage types and limits. Then, look for the lowest <a href="https://www.businessinsider.com/personal-finance/what-is-an-insurance-premium-definition-cost">premiums</a> that fit your budget. </p><p>If you don't want to visit renters insurance sites individually, you can use a <a href="https://policygenius.go2cloud.org/aff_c'offer_id=70&aff_id=1592&redirect_slug=businessinsider-renters" target="_blank" rel="nofollow noopener sponsored">free tool like the one offered by Policygenius</a> to compare quotes from multiple companies in one place. </p><bi-shortcode id="related-content-module" class="mceNonEditable" data-type="more-personal-finance-coverage" data-sheetname="More Personal Finance Coverage">Related Content Module: More Personal Finance Coverage</bi-shortcode><p><a href="https://www.businessinsider.com/personal-finance/best-renters-insurance-companies#comments">Join the conversation about this story »</a></p>
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