Not rated
Not rated
Convenient option for tenants at participating properties looking to fulfill their renters insurance requirement.
About ePremium renters insurance
If you’ve heard of ePremium Insurance, it's probably because the company has partnered with your rental community. Signing up for a policy may help you meet your community's renters insurance requirement. But is the most convenient option the best?
The answer: It depends. EPremium offers appealing options you might not see elsewhere, such as bedbug coverage. It also promises automatic approval without a credit check. If you have a spotty credit history, an ePremium plan may save you money. (In most states, renters with poor credit pay significantly more for insurance.)
But ePremium renters insurance has its drawbacks, such as a limited choice of deductibles in some locations. If you shop around, you may be able to find more flexible options for a similar price.
EPremium is an agency, not an insurance company. It will sell you a policy underwritten by a third-party insurer.
Best for: People with poor credit and those looking for a quick place to buy renters insurance online.
Not ideal for: Those who want a choice of deductibles.
We make every effort to rate each company we review. However, we’re sometimes unable to provide a NerdWallet star rating for insurers that work with multiple third parties to underwrite their policies. That’s because the quality of the policy you get may vary depending on the coverage options, financial strength and other factors of each separate underwriting company.
» MORE: Best renters insurance companies
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What ePremium renters insurance covers
Your ePremium policy will include standard coverage for your belongings. It can also help pay for you to stay elsewhere if your home isn’t livable after a covered claim. And policies include personal liability coverage for situations like dog bites or guest injuries. Learn more about what renters insurance covers.
Policies may also include replacement cost coverage for your belongings. With this coverage, if your stuff is stolen or destroyed, you’ll get a high enough claim payout to buy brand-new items.
Some insurance companies cover your stuff on an “actual cash value” basis. That means they'll pay only what your items are worth at the time of the claim. For older items, the payout could be a lot less than what it would cost to replace them.
Optional ePremium renters insurance coverage
Depending on where you live, you may have the option to add these endorsements to your policy:
Identity fraud expense coverage. Pays expenses associated with recovering your identity.
Bedbug coverage. Pays to treat infestations in your home.
Pet damage. Pays to repair damage to your landlord’s property caused by your pet.
Water backup coverage. Pays if water backs up and damages your belongings.
Earthquake coverage. Pays for property damaged in an earthquake and for alternate lodging if you have to move out.
Flood insurance. Covers your belongings if they’re damaged by flooding. Learn more about flood insurance for renters.
Coverage for students away at school. If someone in your household is away at college or boarding school, this endorsement covers their belongings.
What’s not covered
Unless you add extra coverage, ePremium renters policies won’t cover:
Flooding.
Earthquakes.
Damage from backed-up drains.
Renters insurance usually won’t cover wear and tear or intentional damage either.
» MORE: The cheapest renters insurance
EPremium rates
EPremium advertises rates between $11 and $22 per month. We got sample quotes at six rental communities around the U.S. and found rates between $19 and $34 per month.
Those sample rates were for $30,000 of personal property coverage and $100,000 of liability coverage. The average cost of renters insurance in the U.S. for those coverage amounts is $14 per month, according to NerdWallet’s rate analysis.
We saw cheaper rates from ePremium for lower coverage limits. Your own price will depend on where you live and how much coverage you need.
Where ePremium renters insurance is available
EPremium is licensed to sell renters insurance in Washington, D.C., and in all 50 states.
Availability may change at any time. Coverage may not be available to all renters in a given state.
Discounts
You may be able to save by paying your premium in full, upfront, rather than in monthly installments.
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Answer a few questions to get custom quotes and find the right policy for you.
Consumer experience
Website: You can get a quote and buy your policy on the ePremium website. Once you have a policy, you can log in to make payments, view coverage information and change or cancel your policy.
Claims: To submit a claim, call 800-319-1390, and ePremium will file the claim on your behalf.
Customer service: EPremium offers phone support on weekdays at 800-319-1390. Spanish language support is available. You can also submit messages and policy requests through the website.
How we choose the best renters insurance companies
👋 I’m Sarah Schlichter, a senior writer and content strategist covering renters insurance. I built NerdWallet’s renters insurance rubric and did the research for this page to find the best companies. I gathered and analyzed data across four major categories:
Companies get better scores when they have consumer-friendly features and low rates of complaints.
Consumer complaints
We analyze the number of consumer complaints reported to the National Association of Insurance Commissioners. The higher the rate of complaints, the lower a company's score.
Digital tools
We look at how easy it is to interact with insurers by evaluating their digital tools, website and customer support methods. The best insurers have user-friendly features like online quotes and live chat.
Companies earn points based on how generous and customizable their policies are.
Coverage for personal property
Insurers that cover your belongings on a replacement cost basis by default get higher scores. Those with less generous actual cash value coverage score lower.
Optional coverage
For this category, we look at whether each company offers some of the most useful add-ons, such as extra coverage for valuables.
The more affordable a company's policies are, the better its score.
We evaluate the discounts a company offers and, when available, its median rates.
Companies score well when they have a healthy balance sheet.
We evaluate an insurer’s ability to pay future claims by using assessments from independent agencies such as AM Best and Demotech. The top renters insurance companies have financial strength ratings of A, A+ or A++.
Frequently asked questions
EPremium offers eDeposit, an alternative to a traditional security deposit. Instead of paying your community’s full security deposit, you’d buy eDeposit for a much lower price. You won't get that money back when you move out, the way you would with a traditional security deposit, but it can save you money on move-in costs.
Yes, you may be able to add several roommates to your policy, depending on where you live. Learn more about the pros and cons of sharing renters insurance with roommates.
You can cancel your policy by logging in to the ePremium website or calling 800-319-1390. Your policy will automatically renew until you make a request to cancel.
