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The Best Renters Insurance Companies for October 2024
American Family, Amica, Erie and USAA are among NerdWallet’s best renters insurance companies. Compare the top-rated companies now.
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Sarah Schlichter Lead Writer | Home insurance, renters insurance, pet insurance
Sarah Schlichter is a NerdWallet authority on homeowners, renters and pet insurance. Prior to joining NerdWallet, she spent more than 15 years in digital media as a writer, editor and spokesperson. Sarah enjoys delving into complicated topics and helping readers understand the ins and outs of their insurance coverage. She lives in the Washington, D.C., metro area.
Caitlin Constantine Assistant Assigning Editor | Home insurance, renters insurance, pet insurance
Caitlin Constantine is an assigning editor at NerdWallet, focusing on homeowners, renters and pet insurance. She has more than 15 years of experience in digital media, including as the deputy managing editor at The Penny Hoarder and as a digital producer for a 24/7 news station based in the Tampa Bay area. Caitlin enjoys exploring the ways technology can help people become better informed about the world. She currently lives outside Asheville, North Carolina.
We evaluated dozens of renters insurance companies to find the 13 best. Of those, these are the four companies that received a perfect 5-star score based on coverage options, discounts, online experience, financial strength and consumer complaints.
The best renters insurance companies for October 2024
Here are NerdWallet’s picks for the best renters insurance. Each of these companies scored at least 4.5 out of 5 stars in our analysis. Select the company’s name to read our review.
NerdWallet's ratings are determined by our editorial team. The scoring formula incorporates discounts, coverage options, website transparency, financial strength, complaint data and more.
NerdWallet's ratings are determined by our editorial team. The scoring formula incorporates discounts, coverage options, website transparency, financial strength, complaint data and more.
NerdWallet's ratings are determined by our editorial team. The scoring formula incorporates discounts, coverage options, website transparency, financial strength, complaint data and more.
NerdWallet's ratings are determined by our editorial team. The scoring formula incorporates discounts, coverage options, website transparency, financial strength, complaint data and more.
NerdWallet's ratings are determined by our editorial team. The scoring formula incorporates discounts, coverage options, website transparency, financial strength, complaint data and more.
NerdWallet's ratings are determined by our editorial team. The scoring formula incorporates discounts, coverage options, website transparency, financial strength, complaint data and more.
NerdWallet's ratings are determined by our editorial team. The scoring formula incorporates discounts, coverage options, website transparency, financial strength, complaint data and more.
NerdWallet's ratings are determined by our editorial team. The scoring formula incorporates discounts, coverage options, website transparency, financial strength, complaint data and more.
NerdWallet's ratings are determined by our editorial team. The scoring formula incorporates discounts, coverage options, website transparency, financial strength, complaint data and more.
NerdWallet's ratings are determined by our editorial team. The scoring formula incorporates discounts, coverage options, website transparency, financial strength, complaint data and more.
NerdWallet's ratings are determined by our editorial team. The scoring formula incorporates discounts, coverage options, website transparency, financial strength, complaint data and more.
NerdWallet's ratings are determined by our editorial team. The scoring formula incorporates discounts, coverage options, website transparency, financial strength, complaint data and more.
NerdWallet's ratings are determined by our editorial team. The scoring formula incorporates discounts, coverage options, website transparency, financial strength, complaint data and more.
$142.
*USAA renters insurance is available only to active-duty military members, veterans and their families.
Note: Not all insurers are available in all states.
Our sample rates were calculated for 30-year-old renters with a $500 deductible, $30,000 of personal property coverage and $100,000 in liability coverage.
More about the best renters insurance companies
Here’s our list of the best renters insurance companies in a variety of categories. Each earned a perfect 5-star rating under NerdWallet’s scoring system.
Coverage optionsRatings are based on the number of coverage options a company offers in comparison to other insurers.
About average
DiscountsRatings are based on the number of discounts a company offers in comparison to other insurers.
Great set of discounts
NAIC complaintsRatings are based on complaints to state regulators relative to a company’s size, according to three years’ worth of data from the National Association of Insurance Commissioners. NerdWallet conducts its data analysis and reaches conclusions independently and without the endorsement of the NAIC.
Far fewer than expected
Pros
Far fewer consumer complaints than expected for a company its size.
NerdWallet's ratings are determined by our editorial team. The scoring formula takes into account consumer complaint and customer satisfaction data.
Plenty of ways to save on renters insurance.
Coverage optionsRatings are based on the number of coverage options a company offers in comparison to other insurers.
About average
DiscountsRatings are based on the number of discounts a company offers in comparison to other insurers.
Great set of discounts
NAIC complaintsRatings are based on complaints to state regulators relative to a company’s size, according to three years’ worth of data from the National Association of Insurance Commissioners. NerdWallet conducts its data analysis and reaches conclusions independently and without the endorsement of the NAIC.
Far fewer than expected
Pros
Far fewer consumer complaints than expected for a company its size.
Informative and user-friendly website.
Many discounts available.
Cons
Not available in all states.
Choose American Family renters insurance if...
You're looking for ways to save on both your premium and your deductible.
Pros
Fewer consumer complaints than expected for a company its size.
Informative and user-friendly website.
Many discounts available.
Cons
Not available in all states.
Why it's the best: American Family offers a range of ways to save on your policy. These include common options (a discount for having car and renters insurance with American Family) and unique ones (a generational discount for renters ages 18 to 30 whose parents are also insured with American Family).
One notable coverage option is a "diminishing deductible." (A deductible is the amount subtracted from your claim payout.) If you add this coverage to your policy, you’ll immediately get a $100 credit toward your deductible. Then, your deductible will drop another $100 with each renewal (up to a maximum of $500). A lower deductible means you’ll pay less out of pocket each time you file a claim.
With far fewer consumer complaints than expected, according to the National Association of Insurance Commissioners, American Family is a solid choice for renters insurance.
Coverage optionsRatings are based on the number of coverage options a company offers in comparison to other insurers.
About average
DiscountsRatings are based on the number of discounts a company offers in comparison to other insurers.
Great set of discounts
NAIC complaintsRatings are based on complaints to state regulators relative to a company’s size, according to three years’ worth of data from the National Association of Insurance Commissioners. NerdWallet conducts its data analysis and reaches conclusions independently and without the endorsement of the NAIC.
NerdWallet's ratings are determined by our editorial team. The scoring formula takes into account consumer complaint and customer satisfaction data.
Ideal for renters who value coverage and customer service.
Coverage optionsRatings are based on the number of coverage options a company offers in comparison to other insurers.
About average
DiscountsRatings are based on the number of discounts a company offers in comparison to other insurers.
Great set of discounts
NAIC complaintsRatings are based on complaints to state regulators relative to a company’s size, according to three years’ worth of data from the National Association of Insurance Commissioners. NerdWallet conducts its data analysis and reaches conclusions independently and without the endorsement of the NAIC.
Far fewer than expected
Pros
Few consumer complaints.
User-friendly website and mobile app.
Cons
Not available in Alaska and Hawaii.
Choose Amica renters insurance if...
You're looking for solid coverage and strong customer service.
Pros
Few consumer complaints.
User-friendly website and mobile app.
Cons
Not as many discounts as some competitors.
Why it's the best: Amica stands out for how few consumer complaints it receives relative to its size, according to the NAIC. It also has an easy-to-use website that allows renters to get quotes, pay bills and file and track claims online at any time. If you need help, you can reach out to the company through phone, email or live chat.
Extra coverage is available for jewelry, electronics and other valuables. You can also sign up for replacement cost coverage, which gives you enough money to buy new items if your belongings are damaged or stolen, rather than simply reimbursing you for the current (depreciated) value of those lost items.
Amica offers discounts for people who pay their bills automatically, sign up for paperless billing, bundle car insurance with renters policies, stay with their insurer for at least two years or go without filing a claim for at least three years.
Coverage optionsRatings are based on the number of coverage options a company offers in comparison to other insurers.
More than average
DiscountsRatings are based on the number of discounts a company offers in comparison to other insurers.
Great set of discounts
NAIC complaintsRatings are based on complaints to state regulators relative to a company’s size, according to three years’ worth of data from the National Association of Insurance Commissioners. NerdWallet conducts its data analysis and reaches conclusions independently and without the endorsement of the NAIC.
Far fewer than expected
Pros
Plenty of coverage options.
Far fewer consumer complaints than expected for a company of its size.
NerdWallet's ratings are determined by our editorial team. The scoring formula takes into account consumer complaint and customer satisfaction data.
Solid coverage and good service, but you’ll need to speak with an agent to get a policy.
Coverage optionsRatings are based on the number of coverage options a company offers in comparison to other insurers.
More than average
DiscountsRatings are based on the number of discounts a company offers in comparison to other insurers.
Great set of discounts
NAIC complaintsRatings are based on complaints to state regulators relative to a company’s size, according to three years’ worth of data from the National Association of Insurance Commissioners. NerdWallet conducts its data analysis and reaches conclusions independently and without the endorsement of the NAIC.
Far fewer than expected
Pros
Plenty of coverage options.
Far fewer consumer complaints than expected for a company of its size.
Cons
No online quotes or claim filing.
Not available in most states.
Choose Erie renters insurance if...
You live in the company's service area and are looking for generous coverage.
Pros
Plenty of coverage options.
Far fewer consumer complaints than expected for a company of its size.
Cons
No online quotes or claim filing.
Not available in most states.
Why it's the best: Pennsylvania-based Erie operates in 12 states and Washington, D.C., and it draws fewer consumer complaints than expected for a company of its size, according to the NAIC. Erie also scored above average for renters insurance customer satisfaction in J.D. Power’s most recent U.S. Home Insurance Study.
One thing we like about Erie is that it includes replacement cost coverage for your belongings in its standard policy. (Many companies charge extra for this coverage.) Depending on where you live, you may also be able to add coverage for identity theft recovery, home-sharing and damage from backed-up drains.
You can save on your policy if you bundle multiple insurance types with Erie or if you get a quote at least seven days before you want coverage to begin.
Coverage optionsRatings are based on the number of coverage options a company offers in comparison to other insurers.
More than average
DiscountsRatings are based on the number of discounts a company offers in comparison to other insurers.
Great set of discounts
NAIC complaintsRatings are based on complaints to state regulators relative to a company’s size, according to three years’ worth of data from the National Association of Insurance Commissioners. NerdWallet conducts its data analysis and reaches conclusions independently and without the endorsement of the NAIC.
Far fewer than expected
Pros
No extra charge for flood or earthquake coverage.
Far fewer consumer complaints than expected for a company of its size.
Has options tailored for active-duty military.
Cons
Available only to veterans, active members of the military and their families.
NerdWallet's ratings are determined by our editorial team. The scoring formula takes into account consumer complaint and customer satisfaction data.
Strong coverage for active military, veterans and their families.
Coverage optionsRatings are based on the number of coverage options a company offers in comparison to other insurers.
More than average
DiscountsRatings are based on the number of discounts a company offers in comparison to other insurers.
Great set of discounts
NAIC complaintsRatings are based on complaints to state regulators relative to a company’s size, according to three years’ worth of data from the National Association of Insurance Commissioners. NerdWallet conducts its data analysis and reaches conclusions independently and without the endorsement of the NAIC.
Far fewer than expected
Pros
No extra charge for flood or earthquake coverage.
Far fewer consumer complaints than expected for a company of its size.
Has options tailored for active-duty military.
Cons
Available only to veterans, active members of the military and their families.
Choose USAA renters insurance if...
You or someone in your close family is a member of the military community.
Pros
No extra charge for flood or earthquake coverage.
Far fewer consumer complaints than expected for a company of its size.
Has options tailored for active-duty military.
Cons
Available only to veterans, active members of the military and their families.
Why it's the best: Aside from its military focus, what sets USAA apart from other renters insurance companies is that its policies cover damage from floods and earthquakes. Most other companies don’t offer this coverage unless you pay extra. This could provide significant value to renters who live in regions where floods or earthquakes are a risk.
USAA also covers your belongings on a replacement cost basis, ensuring that your claim payout will be enough to pay for brand-new items if your stuff is stolen or destroyed.
The company receives far fewer consumer complaints than expected for an insurer of its size, according to the NAIC.
Coverage optionsRatings are based on the number of coverage options a company offers in comparison to other insurers.
About average
DiscountsRatings are based on the number of discounts a company offers in comparison to other insurers.
Great set of discounts
NAIC complaintsRatings are based on complaints to state regulators relative to a company’s size, according to three years’ worth of data from the National Association of Insurance Commissioners. NerdWallet conducts its data analysis and reaches conclusions independently and without the endorsement of the NAIC.
Close to expected
Pros
Offers a variety of discounts.
User-friendly website with many useful features.
Cons
Rated below average in the latest customer satisfaction study from J.D. Power.
NerdWallet's ratings are determined by our editorial team. The scoring formula takes into account consumer complaint and customer satisfaction data.
Solid coverage and discounts, available across the U.S.
Coverage optionsRatings are based on the number of coverage options a company offers in comparison to other insurers.
About average
DiscountsRatings are based on the number of discounts a company offers in comparison to other insurers.
Great set of discounts
NAIC complaintsRatings are based on complaints to state regulators relative to a company’s size, according to three years’ worth of data from the National Association of Insurance Commissioners. NerdWallet conducts its data analysis and reaches conclusions independently and without the endorsement of the NAIC.
Close to expected
Pros
Offers a variety of discounts.
User-friendly website with many useful features.
Cons
Rated below average in the latest customer satisfaction study from J.D. Power.
Why we like it: Allstate renters insurance is widely available across the U.S., sold both online and through agents. It’s easy to use the Allstate website to manage your policy, including payments, claims and chatting with customer service.
Allstate renters policies include all the basics, with options to add coverage for identity theft or valuable items. You may also want to add replacement cost coverage for your personal belongings to ensure that you get enough money after a claim to buy brand-new replacements.
Depending on where you live, you may be able to earn discounts for bundling multiple policies, signing up for autopay or being at least 55 years old and retired.
Coverage optionsRatings are based on the number of coverage options a company offers in comparison to other insurers.
About average
DiscountsRatings are based on the number of discounts a company offers in comparison to other insurers.
Great set of discounts
NAIC complaintsRatings are based on complaints to state regulators relative to a company’s size, according to three years’ worth of data from the National Association of Insurance Commissioners. NerdWallet conducts its data analysis and reaches conclusions independently and without the endorsement of the NAIC.
Far fewer than expected
Pros
Many discounts available.
Far fewer consumer complaints than expected for a company of its size.
NerdWallet's ratings are determined by our editorial team. The scoring formula takes into account consumer complaint and customer satisfaction data.
Auto-Owners offers multiple discounts for renters but sells insurance through independent agents only.
Coverage optionsRatings are based on the number of coverage options a company offers in comparison to other insurers.
About average
DiscountsRatings are based on the number of discounts a company offers in comparison to other insurers.
Great set of discounts
NAIC complaintsRatings are based on complaints to state regulators relative to a company’s size, according to three years’ worth of data from the National Association of Insurance Commissioners. NerdWallet conducts its data analysis and reaches conclusions independently and without the endorsement of the NAIC.
Far fewer than expected
Pros
Many discounts available.
Far fewer consumer complaints than expected for a company of its size.
Cons
No option to get quotes or file claims online.
Why we like it: Despite its name, Auto-Owners offers more than just car insurance. You can upgrade a basic renters policy with the Renters Plus package, which covers water backup of sewers and drains, waterbed liability and loss of refrigerated products (for example, if your power goes out and you have to toss spoiled food).
You can also upgrade to replacement cost coverage for your belongings. So if you have a 3-year-old laptop that’s stolen or damaged for a covered reason, Auto-Owners will pay enough for you to buy a new one rather than a used one.
Auto-Owners draws far fewer consumer complaints than expected, according to the NAIC.
Coverage optionsRatings are based on the number of coverage options a company offers in comparison to other insurers.
About average
DiscountsRatings are based on the number of discounts a company offers in comparison to other insurers.
Great set of discounts
NAIC complaintsRatings are based on complaints to state regulators relative to a company’s size, according to three years’ worth of data from the National Association of Insurance Commissioners. NerdWallet conducts its data analysis and reaches conclusions independently and without the endorsement of the NAIC.
Far fewer than expected
Pros
Far fewer consumer complaints than expected for a company of its size.
NerdWallet's ratings are determined by our editorial team. The scoring formula takes into account consumer complaint and customer satisfaction data.
Country Financial sells renters insurance through local representatives in 19 states.
Coverage optionsRatings are based on the number of coverage options a company offers in comparison to other insurers.
About average
DiscountsRatings are based on the number of discounts a company offers in comparison to other insurers.
Great set of discounts
NAIC complaintsRatings are based on complaints to state regulators relative to a company’s size, according to three years’ worth of data from the National Association of Insurance Commissioners. NerdWallet conducts its data analysis and reaches conclusions independently and without the endorsement of the NAIC.
Far fewer than expected
Pros
Far fewer consumer complaints than expected for a company of its size.
Various ways to customize your policy.
Many discounts available.
Cons
Doesn't offer online quotes.
Not available in all states.
Why we like it: Country Financial is a solid option if you live in one of the states the company serves. It receives far fewer consumer complaints than expected for an insurer of its size, according to the NAIC, and it's a good bet if you prefer to discuss coverage options with an agent.
You can choose between basic and premier packages, depending on how much financial protection you want. The premier option adds coverage for things like broken antiques or damage from power surges. You can also add extra coverage for valuable items such as engagement rings or musical instruments.
Country Financial offers discounts for bundling multiple policies, paying your premiums on time and going at least five years without filing a claim.
Coverage optionsRatings are based on the number of coverage options a company offers in comparison to other insurers.
About average
DiscountsRatings are based on the number of discounts a company offers in comparison to other insurers.
Great set of discounts
NAIC complaintsRatings are based on complaints to state regulators relative to a company’s size, according to three years’ worth of data from the National Association of Insurance Commissioners. NerdWallet conducts its data analysis and reaches conclusions independently and without the endorsement of the NAIC.
Fewer than expected
Pros
Many discounts available.
Users can manage their policies online or through the app.
Fewer consumer complaints than expected for a company of its size.
Cons
Rates higher than the national average in NerdWallet's analysis.
NerdWallet's ratings are determined by our editorial team. The scoring formula takes into account consumer complaint and customer satisfaction data.
Strong coverage plus a user-friendly app to manage your policy.
Coverage optionsRatings are based on the number of coverage options a company offers in comparison to other insurers.
About average
DiscountsRatings are based on the number of discounts a company offers in comparison to other insurers.
Great set of discounts
NAIC complaintsRatings are based on complaints to state regulators relative to a company’s size, according to three years’ worth of data from the National Association of Insurance Commissioners. NerdWallet conducts its data analysis and reaches conclusions independently and without the endorsement of the NAIC.
Fewer than expected
Pros
Many discounts available.
Users can manage their policies online or through the app.
Fewer consumer complaints than expected for a company of its size.
Cons
Rates higher than the national average in NerdWallet's analysis.
Why we like it: Farmers offers plenty of ways to save on your renters policy. In addition to industry-standard discounts for purchasing multiple policies with the company and having safety and security devices, Farmers also offers lower rates for customers in certain professions. These include doctors, nurses, dentists, teachers, police officers, firefighters and engineers.
Renters who haven’t smoked for at least two consecutive years can also save on premiums.
Farmers has a user-friendly website where you can easily get a quote or find a nearby agent for more personalized service.
Coverage optionsRatings are based on the number of coverage options a company offers in comparison to other insurers.
About average
DiscountsRatings are based on the number of discounts a company offers in comparison to other insurers.
Average set of discounts
NAIC complaintsRatings are based on complaints to state regulators relative to a company’s size, according to three years’ worth of data from the National Association of Insurance Commissioners. NerdWallet conducts its data analysis and reaches conclusions independently and without the endorsement of the NAIC.
Far fewer than expected
Pros
Robust coverage packages.
Far fewer consumer complaints than expected for a company of its size.
Claims can be filed online, through the app or by phone.
NerdWallet's ratings are determined by our editorial team. The scoring formula takes into account consumer complaint and customer satisfaction data.
Best for renters who want to work with an agent to get the right coverage.
Coverage optionsRatings are based on the number of coverage options a company offers in comparison to other insurers.
About average
DiscountsRatings are based on the number of discounts a company offers in comparison to other insurers.
Average set of discounts
NAIC complaintsRatings are based on complaints to state regulators relative to a company’s size, according to three years’ worth of data from the National Association of Insurance Commissioners. NerdWallet conducts its data analysis and reaches conclusions independently and without the endorsement of the NAIC.
Far fewer than expected
Pros
Robust coverage packages.
Far fewer consumer complaints than expected for a company of its size.
Claims can be filed online, through the app or by phone.
Cons
Not available in all states.
No online quotes.
Why we like it: The Hanover offers three renters insurance packages to choose from. The most economical option covers just the basics: your belongings, liability if you cause harm to others and expenses if you have to move out of your home during covered repairs.
With an upgrade to the Select package, you’ll get extra coverage for things like food lost in a power outage and identity theft-related expenses. This package also includes replacement cost coverage for your belongings.
Select Plus is The Hanover’s top-tier offering, with all options from the other two packages plus broader coverage for your belongings and insurance for water damage from backed-up drains.
Coverage optionsRatings are based on the number of coverage options a company offers in comparison to other insurers.
More than average
DiscountsRatings are based on the number of discounts a company offers in comparison to other insurers.
Great set of discounts
NAIC complaintsRatings are based on complaints to state regulators relative to a company’s size, according to three years’ worth of data from the National Association of Insurance Commissioners. NerdWallet conducts its data analysis and reaches conclusions independently and without the endorsement of the NAIC.
