Renters Insurance & Tenant Solution Rankings for 2024
The peace of mind and financial protection Renters Insurance provides far outweighs its modest cost. Without renters insurance, your landlord's house insurance will not cover the losses or damage to your personal belongings.
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- Renters insurance that keeps your stuff safe
- Get covered in 90 seconds. No paperwork. No hassle. No waiting for claims.
- Renter tested. Landlord approved. Starting from $5/mo.
- Without us, rent payments are not factored into your credit score
- Change your financial future for just $9.95/month
- $0 Due Today With Code: SMARTPAY11
- Work with a team that’s nationally recognized for customer service
- Get customized coverage to fit your needs
- Feel secure – our financial strength is rated A+ by AM Best
- You could save 10% when you get customized renters insurance online
- Claims-Free Discounts
- For current auto customers, you could save up to 10% of policy premium
- Ensure your stuff is protected for a low cost
- GEICO makes it easy to add coverages, make a payment, or file a renters insurance claim
- Customize your renters insurance policy to fit your needs
- Make self-managing your rentals simple
- Get leads, screen tenants, create leases, and collect rent — all in one place!
- Free for landlords
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- Lemonade - Highest-Rated Provider in our network
- Rent Reporters - Why not report your rent to help your credit score?
- Amica - Best for Bundling
- Liberty Mutual - Trusted for insurance needs for over 100 years
- GEICO - See how much you could save when you bundle
- Turbo Tenant - One-stop shop for finding and managing tenants
- Rent Cover - Protection for your rental car
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How we found the top Renters Insurance plans in the country
Research. Research. More research. It’s really that simple. Our dedicated team of online experts scour the internet every single day to find the best options available for our audience. We want to help save you money, and we want the process of saving to be easy for you to complete. The recommendations we provide are selected based on the following criteria; reliable service, ease of application, and trusted source.
BumblBee wants you to be able to select the best option for you, and then move on with your life to focus on the things that matter, like family, friends, and a healthy life. Take a look at the following list and do your own research as well. We’re confident you’ll be satisfied with our selections.
- Get covered in as little as 90 seconds
- Claims paid at record speed. No paperwork. No hassle. No waiting.
- Starting from only $5/month!
What does renters insurance actually cover?
It protects your personal property and helps cover personal liability costs. Lemonade Renters has your back when bad luck strikes.
- If someone swipes your bike: Crime and vandalism coverage pays for your stuff if it’s damaged or stolen.
- If a water leak ruins your stuff: Water damage coverage protects you if your electronics get drenched, or your pipes cause a mess.
- If your stuff goes up in flames: Fire and smoke protection has you covered if things get a little heated.
Plus, protect yourself against damages from someone else’s accidents if they happen in your home.
- If someone sues you for damages: Liability coverage protects against lawsuits due to accidents in your home. They’ll hire a lawyer to defend you, and cover the costs.
- If someone gets hurt in your home: They'll help pay medical expenses.
Renters insurance can be confusing, so Lemonade worked hard to make it as simple as possible. We think they did an amazing job.
Why we chose Lemonade: Protect your things, plus support what matters to you. Lemonade is a public benefit corporation. They take a flat fee up front before paying claims. Then, they donate what’s left to meaningful causes their customers choose. Oh ya, they’re also the most loved renters insurance in America. Lemonade has earned 4.9 stars in the App Store, and is also top-rated by Supermoney, Clearsurance, and others.
- Without us, rent payments are not factored into your credit score
- Change your financial future for just $9.95/month
- $0 Due Today With Code: SMARTPAY11
Build your credit by reporting your rent
Achieve your goals with better credit. RentReporters can help, whether it is building your future or rebuilding after the unexpected. How much rent have you left on the table? Use our simple calculator to discover how much rent we will add to your new tradeline.
Change your Financial Future for just $9.95 per month +a $94.95 signup fee. Save 20% with an annual plan!
Your on-time rent payments are not automatically factored into your credit score. After adding their rent to their credit file, our customers see an average increase of 40 points in 10 days.
- STEP 1: Sign Up - Our registration process is simple, and takes just a few minutes. Provide some basic information about you and your landlord and you are on your way to a better credit score!
- STEP 2: We Verify Your Rental History - Did you know we can add up to 4 years of past rent payments? This can boost your score dramatically! Once enrolled, we will contact your landlord to verify your rent history so be sure to let your landlord know that RentReporters will be calling.
- STEP 3: We Report Your Rent to Equifax and TransUnion - We report your rent payment history to the credit bureaus which will boost your score in as little as 10 days. It will appear on your credit report, as “RR/Residence.” We will continue to verify your rent payments, updating your credit report and improving your credit each and every month!
- STEP 4: Let Your Rent Do the Work and Watch Your Credit Improve - Use your credit score to create the life you want and explore your new financial opportunities. Will this mean getting rid of a pre-paid cell phone plan, qualifying for a lower interest rate credit card, getting that job you really want, or even buying your dream home?
- Work with a team that’s nationally recognized for customer service
- Get customized coverage to fit your specific needs
- Feel secure – our financial strength is rated A+ by AM Best
A landlord’s insurance usually doesn’t cover a tenant’s belongings. Our renters policies step in to provide the valuable coverage that renters need, and for as little as $4 a week, it’s ideal.
You’ve invested money into your belongings – your clothes, jewelry, furniture and electronic items – they all add up. If you’re renting an apartment or house, you’ll need insurance to replace those items in case of theft or damage through unexpected events like fire or severe storms.
- Personal property coverage: Assists you with replacing your damaged or stolen possessions at home or while away, including furniture, clothing, credit cards and electronics.
- Personal liability coverage: If someone is injured or has a personal item damaged while on your property, you may be liable to cover the associated costs, including medical payments. Liability coverage provides legal assistance against claims and will cover the cost of settling.
- Loss of use coverage: If you’re unable to use your home due to damages, you may find your living expenses have increased. Hotel room, storage rental, even higher food bills all fall under this coverage.
Why we chose Amica: "Built on trust." Protecting the most important parts of their customers’ lives is a responsibility they take seriously. You can trust that they'll listen carefully to you, and provide sound advice and recommendations based on your unique needs.
- You could save 10% when you get customized renters insurance online
- Claims-Free Discounts
- For current auto customers, you could save up to 10% of policy premium
Protect your personal belongings for as little as $5 a month with a Liberty Mutual renters insurance policy. Low prices with customized coverage is what we offer.
Start your free renters insurance quote and see how much you could save.
- Online Purchase Discount: You could save 10% when you get customized renters insurance on libertymutual.com.
- Claims-Free Discount: Save on your renters policy if you haven't filed a claim with your previous insurance company for 5 years or more.
- Early Shopper Discount: Quote with us before your current policy expires and you could save when you sign with us. It's really that easy!
Bundle your insurance, more like bundle of savings!
For current auto customers, you could save up to 10% of policy premium or pay as low as $5 per month.
We also make it fast and easy for you to get a quote. Check out why people have trusted us with their insurance needs for over 100 years!
Cheap renters insurance doesn't have to mean less coverage. We'll help you find the renters insurance that's best for you so you're confident you have the protection you need.
- Ensure your stuff is protected for a low cost
- GEICO makes it easy to add coverages, make a payment, or file a renters insurance claim
- Customize your renters insurance policy to fit your needs
Get your renters insurance quote today, and ensure your stuff is protected for a low cost. We're happy to help you get the coverage you deserve.
Renters insurance helps protect you and your belongings if the unexpected happens.
A landlord's insurance policy covers the building, but not your personal things. If you rent an apartment, condo, house, etc., you need renters insurance. Get a renters insurance quote today and we'll show you how to easily and affordably protect what you care about.
A renters insurance policy provides low-cost coverage for you and your belongings for things like:
- Fire and smoke damage
- Vandalism and theft
- Weather impact
- Water damage
- Visitor injuries
How much you pay for renters insurance depends on how much coverage you choose to buy and what deductibles you select. The good news is a renters insurance policy can cost as little as $12 per month!
Using our personal property calculator, you can customize your renters insurance policy to fit your needs. You can also create a virtual inventory list using our Personal Property Scanner in GEICO Mobile. Then, check out how much you can save on rental insurance with discounts! Our suggestions below may help you find the most affordable insurance for apartments, houses, and wherever you may live. Use our zipcode tracker to calculate your renters insurance quotes.
- Make self-managing your rentals simple
- Get leads, screen tenants, create leases, and collect rent — all in one place!
- Free for landlords
PROPERTY MANAGEMENT MARKETING
Post to dozens of popular renter sites at once! Build a listing in less than 10 minutes, then push it across the web to collect high-intent leads. Our landlords average 28 leads per listing.
- REPLACES: Print Ads | Manual Posting | Unorganized Leads
Carefully vet renters now to prevent evictions later. Ask the right questions and gain insight into a potential tenant’s financial, criminal, and eviction history — $0 for landlords.
- REPLACES: Google Forms | Paper Apps | Manual Screenings
The easiest, fastest way to create your next lease. Our tool simplifies building and adjusting your lease on your own, ensuring compliance with your state’s laws.
- REPLACES: Lawyer/Agent Fees | Repurposed Leases
We’re a rental business in a box
Rental income isn’t passive and it is full of risks. The landlords we serve are not real estate titans with hundreds of units. They are teachers, nurses, and service members that believe investing in real estate is a path for them to build a better life for themselves and a legacy for their family.
At TurboTenant, our mission is to provide the software and processes to make managing their rentals efficient and professional so they can spend less time managing their properties while hitting their financial goals.
- 50% cheaper than the rental companies
- Zero excess so you've got nothing to pay
- Cancel anytime before pick-up day
RentalCover.com provides complete protection against theft and costly damage to your rental vehicle, at a significant savings† to the rates charged by rental car companies.
Get the peace of mind that comes from knowing that a small scrape won’t turn into thousands of dollars of repair costs and fees. We provide even more complete protection than the loss or collision damage waiver offered by leading rental car companies, at a fraction of the price.
Even if you have supplementary protection from your credit card your coverage won't be as extensive as RentalCover.com:
- Flat tires, cracked windshields, damaged headlights, lost keys, and towing.
- Sky-high charges added to your repair bill, including fees for loss of use, processing, relocation and towing.
- Complete coverage for all authorized drivers (such as your spouse) if they are listed on the rental agreement.
- Rentals for more than 30 days.
Why we chose Rental Cover: RentalCover.com will cover you for other rented vehicles that your personal car insurance or credit card may exclude, such as full size sport utility vehicles, pickup trucks, recreational vehicles, motorhomes, camper vans, car shares, and courtesy cars.
What you should know about Renters Insurance
Renters insurance is a type of policy designed to protect individuals who are renting or leasing a home, condo, or apartment. Here are some key things you need to know about renters insurance in the United States, and why having it can be beneficial:
Coverage
- Personal Property Protection: Renters insurance provides coverage for your personal belongings, such as furniture, clothing, electronics, and other valuables. This coverage helps replace or repair items damaged or lost due to covered events like fire, theft, or vandalism.
- Liability Coverage: Liability coverage is included in renters insurance to protect you if someone is injured while on your rented property. It can also cover property damage you or your family members may accidentally cause to others' property.
- Additional Living Expenses (ALE): If your rental becomes uninhabitable due to a covered event, renters insurance typically covers the additional living expenses you may incur, such as hotel bills or temporary housing costs.
Importance
- Protection for Personal Property: Without renters insurance, your landlord's insurance will not cover the loss or damage to your personal belongings. Renters insurance ensures that your possessions are protected, providing peace of mind.
- Affordability: Renters insurance is generally affordable, making it a cost-effective way to protect your belongings. The cost is often much lower than other types of insurance, such as homeowners insurance.
- Liability Coverage: Liability coverage is crucial in case someone is injured on your rental property. Legal fees and medical expenses can add up quickly, and renters insurance can help cover these costs.
- Mandatory in Some Cases: Some landlords may require tenants to have renters insurance as part of the lease agreement. Even if it's not mandatory, having renters insurance is highly recommended.
- Flexible Coverage: Renters insurance policies are often customizable. You can choose the coverage limits and deductible that fit your needs and budget.
What It Doesn't Cover
Natural Disasters: Standard renters insurance may not cover damage caused by certain natural disasters, such as earthquakes or floods. However, additional coverage can usually be added for these events.
Valuable Items: High-value items like jewelry, art, or collectibles may have coverage limits. You may need to purchase additional coverage (a rider or floater) to fully protect these items.
Roommate Belongings: Renters insurance typically covers the policyholder's belongings. If you have roommates, they might need their own policies for coverage.
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