The Best Cheap Renters Insurance in Texas

NerdWallet looked at rates from more than a dozen insurers to find the cheapest options in the Lone Star State.
Sarah SchlichterSep 1, 2021

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Everything’s bigger in Texas, or so the saying goes, and unfortunately, that may include your renters insurance rates. The average cost of renters insurance in Texas is higher than the national average, but shopping around can often lower your rates. To help you narrow the options, NerdWallet compared companies across the state to find the best cheap renters insurance in Texas.

How much is renters insurance in Texas?

The average cost of renters insurance in Texas is $197 a year, or about $16 a month. That’s above the national average of $168 a year.

Here’s how the cost of Texas renters insurance breaks down by city:

City

Average annual cost

Average monthly cost

Amarillo

$175

$15

Arlington

$227

$19

Austin

$172

$14

Brownsville

$189

$16

Conroe

$196

$16

Corpus Christi

$228

$19

Dallas

$206

$17

Denton

$169

$14

El Paso

$179

$15

Fort Worth

$225

$19

Garland

$205

$17

Grand Prairie

$224

$19

Houston

$262

$22

Irving

$213

$18

Katy

$242

$20

Laredo

$170

$14

Lubbock

$206

$17

McKinney

$167

$14

Midland

$174

$14

Pasadena

$284

$24

Plano

$171

$14

Round Rock

$159

$13

San Antonio

$216

$18

Spring

$242

$20

Sugar Land

$236

$20

Cheap renters insurance companies in Texas

NerdWallet analyzed rates across the state from a variety of companies to find the ones offering the cheapest Texas renters insurance.

Company

Average annual cost

Average monthly cost

Allstate

$108

$9

The Hartford

$132

$11

Nationwide

$154

$13

Mercury

$167

$14

Guard

$176

$15

Amica

$181

$15

State Farm

$195

$16

Texas Farm Bureau

$208

$17

Republic Group

$210

$17

Texas FAIR Plan Association

$241

$20

American Strategic

$242

$20

UPC Insurance

$250

$21

USAA*

$96

$8

*USAA is available only to military, veterans and their families.

About the cheapest companies

Allstate: An Allstate renters policy is worth considering for older tenants, thanks to a discount of up to 25% for being at least 55 years old and retired. You can also save by bundling your renters policy with Allstate auto insurance.

The Hartford: This company partners with AARP to offer renters insurance primarily to older Americans. The Hartford will waive its renters insurance deductible up to $5,000 for certain major claims worth $27,500 or more.

Nationwide: Along with standard coverage for liability and personal belongings, Nationwide renters insurance also includes coverage for expenses due to theft, like unauthorized credit or debit card transactions and forged checks.

Mercury: If you live in a gated community with a guard, have smoke alarms and a fire extinguisher, or have both auto and renters insurance with Mercury, you could save money on your renters policy.

Guard: Renters with Guard can take advantage of multi-policy discounts and add a variety of extra coverage types for things like identity fraud and home systems protection.

Amica: Amica offers several ways to save on renters insurance, including up to 15% off if you bundle your auto policy with renters. You’ll also pay less if you sign up for paperless billing or set up automatic payments for your premiums.

State Farm: You can add identity restoration coverage to your State Farm renters insurance policy for $25 a year. This coverage can help with data recovery, credit monitoring and other expenses associated with identity theft or cyber attacks.

Texas Farm Bureau: You’ll need to become a member of the Texas Farm Bureau to get access to its insurance. Learn more about Farm Bureau Insurance.

Republic Group: You can upgrade your Republic renters policy to provide replacement cost coverage, which means if your belongings are stolen or destroyed, the company will pay out enough for you to buy brand-new replacements rather than basing your payout on the items’ depreciated value. You can also add extra coverage for valuable items such as jewelry or fine art.

Texas FAIR Plan Association: Created by the Texas government, the FAIR Plan Association is the state’s insurer of last resort, offering coverage to those who have been turned down by at least two other companies. Although it’s not the cheapest option in Texas for renters insurance, it is the only option for some tenants.

American Strategic: When you buy Progressive renters insurance, this is one of the companies that may actually issue your policy. (American Strategic Insurance Corp. is owned by Progressive.)

UPC Insurance: UPC offers standard coverage for liability, personal belongings and additional expenses if you need to live away from your home during covered repairs.

USAA: Unlike most insurance companies, USAA includes coverage for flood damage as part of its renters policies. But only veterans, active military and their families can buy USAA renters insurance.

Cheap Texas renters insurance from the best companies

If you’re looking to buy insurance from widely available companies with a strong reputation, consider one of the following insurers from NerdWallet’s list of Best Renters Insurance Companies.

Company

NerdWallet rating

Average annual cost

Allstate

4.0

NerdWallet rating 

$108

The Hartford

4.0

NerdWallet rating 

$132

Nationwide

4.5

NerdWallet rating 

$154

Amica

5.0

NerdWallet rating 

$181

State Farm

4.5

NerdWallet rating 

$195

USAA*

5.0

NerdWallet rating 

$96

*USAA is available only to military, veterans and their families.

What to know about Texas renters insurance

Natural disasters, such as tornadoes and tropical storms, happen regularly in Texas. If one strikes your home, your landlord’s insurance will cover only the building structure, not any damage to your possessions. That’s why it’s important to know what’s covered (or not) when shopping for renters insurance in Texas.

Flooding is the state’s most common disaster, according to the Texas Department of State Health Services, but it’s not covered by standard renters policies. If you’re at risk — for example, if you live in a ground-floor apartment near the beach or another low-lying area — you may want to purchase separate flood insurance.

Renting a place on the Gulf Coast? Make sure your renters insurance covers damage due to hurricane and tropical storm winds. Though many standard renters policies cover wind-related claims, such coverage may be specifically excluded if you live in high-risk areas near the coast. The Texas Windstorm Insurance Association is operated by the state and offers wind and hail policies to those who can’t find coverage elsewhere.

Even if you’re not in an area prone to hurricanes, you may still want extra wind coverage. More than 100 tornadoes strike the state each year, on average.

Wildfires are another common disaster in Texas, and while most renters policies cover losses due to fire, you’ll want to make sure you have enough personal property coverage to replace all your belongings if the worst happens. The calculator below can help you estimate how much your possessions are worth.

What determines Texas renters insurance rates?

You may pay more or less than the average annual premiums listed above, depending on various factors.

Your location

If you live on the Gulf Coast where hurricanes are common, or in a neighborhood with a high crime rate, you may pay more for a renters policy.

Your credit

Many insurance companies use a credit-based insurance score — similar to a traditional credit score — to evaluate how likely you might be to file a claim. People with better credit tend to get cheaper renters insurance rates.

In our rate analysis, Nationwide was the cheapest renters insurance company in Texas for tenants with poor credit, charging $230 a year, on average.

Company

Average annual premium

Average monthly premium

Nationwide

$230

$19

Texas FAIR Plan Association

$241

$20

Amica

$265

$22

Republic Group

$271

$23

The Hartford

$274

$23

Your claims history

If you’ve filed any renters insurance claims in the past few years, your insurer may charge more for your policy. NerdWallet analyzed Texas renters insurance rates for tenants who’d previously filed a theft claim and found that Allstate was the cheapest option, charging just $108 a year, on average.

Company

Average annual premium

Average monthly premium

Allstate

$108

$9

The Hartford

$167

$14

Mercury

$189

$16

State Farm

$195

$16

USAA*

$120

$10

*USAA is available only to military, veterans and their families.

Your coverage limits

If you have more possessions — or particularly valuable possessions — to cover, you’ll typically pay more for renters insurance.

Your deductible

Raising your deductible is an easy way to lower your Texas renters insurance premium, as long as you feel confident you can access enough cash to pay it if necessary.

Other policies

If you buy your renters and auto insurance from the same company, you can often get a bundling discount.

Your home’s features

Home security systems, fire alarms and 24-hour building security guards could earn you discounts.

Your dog

Dog bites are a common cause of renters liability insurance claims, so if your pup is a breed that insurance companies consider high-risk, such as a pit bull or Doberman pinscher, your premium might be higher (if the animal is covered at all).

Texas Department of Insurance

If you have questions, concerns or complaints about your renters insurance, the Texas Department of Insurance may be able to assist. You can call its consumer helpline at 800-252-3439 for service in both English and Spanish.

When you buy or renew a renters policy in Texas, your insurance company is required to give you a copy of the department’s Consumer Bill of Rights for renters insurance. This document is worth a read: It explains how Texas insurance companies can use your credit information, establishes timelines for claims processing and lists circumstances under which your policy can and can’t be canceled.

Methodology

NerdWallet averaged rates for 30-year-old men and women from insurance companies in every ZIP code across Texas. Sample tenants were nonsmokers with good credit living in a two-bedroom apartment.

They had a $500 deductible and the following coverage limits:

  • $30,000 in personal property coverage.

  • $100,000 in liability coverage.

  • $10,000 in additional living expenses coverage.

  • $1,000 in medical payments coverage.

We used the same assumptions for all other renter profiles, with the following exceptions:

  • We changed the credit tier from “good” to “poor” as reported to the insurer to see rates for renters with poor credit.

  • For renters with a history of claims, we added a single theft claim to their record.

These are sample rates generated through Quadrant Information Services. Your own rates will be different.

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