Top 7 Renters Insurance Providers in Texas
Based on our team’s research, these are the top companies providing renters insurance policies in Texas:
- Lemonade: Our top pick
- Toggle: Our pick for custom pricing
- State Farm: Our pick for affordable premiums
- Allstate: Our pick for seniors
- Progressive: Our pick for bundling
- American Family: Our pick for customer service
- Nationwide: Our pick for valuable endorsem*nts
Lemonade Renters Insurance
Our Top Pick
4.6
A.M. BestNRJ.D. Power854/1000
MONTHLY COST$13.33
Pros and Cons
Pros Offers discounts for safety and protective devices Automatic discounts for bundling with pet, car, or term life insurance Has a quick, transparent and easy quote process Cons Is a newer company with less experience Only available in 29 states (including Washington, D.C.)
Why We Chose Lemonade
First-time renters and college students should look to Lemonade for renters insurance because of its easy yet educational sign-up process. You can register for a policy using its fast online tool and file a claim using its AI-enabled smartphone app.
We received a quote from Lemonade for $20.25 per month including personal property coverage and loss of use coverage. You can receive a free quote from Lemonade with one of the quickest quote processes we’ve seen in the renters insurance industry.
Discounts and Endorsem*nts
Discounts: Bundling, high deductible, safety devices and claims-free history.
Additional coverage options: Landlord property damage, valuable items (such as bikes, fine art, collectibles and jewelry), significant other coverage and water backup damage.
Toggle Renters Insurance
Our Pick for Custom Pricing
4.1
A.M. BestAJ.D. PowerNR
MONTHLY COST$12.59
Pros and Cons
Pros Offers unique add-ons like pet protection and identity theft coverage Can help you report rent payments to credit bureaus Basic plan available from $5 a month in most areas Cons May have higher rates than competitors in some states May be challenging to speak with a customer service representative via phone
Why We Chose Toggle
Toggle is a tech-forward renters insurance provider that can be a good choice for anyone working to build their credit. As a renter, the monthly payments you make to your landlord are not reported to the three major credit reporting bureaus responsible for maintaining credit score data. However, Toggle’s unique Credit Lift option can help you report and get credit for your monthly rent payments.
If you are looking for a more customizable option for your renters insurance, Toggle may be worth considering. It includes more unique options for add-on coverage, ranging from protection for pet damage to specialized coverage for the tools and equipment if you have a side hustle. Toggle is also underwritten by 21st Century Assurance Company, combining the financial strength of major insurers with the personalization range of a fintech startup.
Discounts and Endorsem*nts
Based on our research, Toggle currently offers a diminishing deductible discount and a multi-policy discount. Although it does not offer any additional discounts on renters policies, Toggle users do receive a wide variety of discounts on products and services such as meal kits, streaming services, moving services, internet, and dining.
The company also offers multiple policy endorsem*nts, including:
- Identity protector
- Temporary living costs
- Pet Parent
- High-value items
- Side hustle
State Farm Renters Insurance
Our Pick for Affordable Premiums
4.4
A.M. BestA++J.D. Power844/1000
MONTHLY COST$12.08
Pros and Cons
Pros Provides unique coverage for pets Has an automated online quote tool Offers educational resources and online tools to help renters understand their policies and coverage Cons Its cheaper options come with bare-minimum coverage Has more expensive add-ons than many competitors, making it a pricey option for comprehensive coverage
Why We Chose State Farm
We included State Farm for its inexpensive premiums on industry-standard coverage options for property, personal liability and medical payments. This provider also makes it easy to get a quote online using its automated tool.
We used a free tool provided by the Texas Department of Insurance (TDI) and the Office of Public Insurance Counsel (OPIC) to determine the cost of some insurers on this list. We requested cost estimates for a 10- to 34-year-old brick house in Dallas with $200,000 in dwelling coverage.
According to the tool, State Farm has an estimated cost of $143 per year. However, State Farm offers prices for as low as $7 per month in Texas.
Discounts and Endorsem*nts
Discounts: Bundling with auto insurance, home alert features like fire alarms or security systems
Additional coverage options: Identity theft protection, high-value personal property, business property
Allstate Renters Insurance
Our Pick for Seniors
4.3
A.M. BestA+J.D. Power835/1000
MONTHLY COST$11.25
Pros and Cons
Pros Has an easy-to-use web chat feature for filing claims Provides 24/7 customer service availability Offers multiple discount options Cons Its automated quote tool isn’t available in some states A Social Security number and other personal information is required in some states
Why We Chose Allstate
With its solid coverage, add-on options, discount options and customer service, Allstate finished strong in our performance review of the top insurers for renters in Texas. Its user-friendly mobile app helps make your renters insurance experience simple and easy.
Using TDI’s pricing tool, we found that Allstate costs an estimated $159 yearly in Texas.
Discounts and Endorsem*nts
Discounts: Bundling with auto insurance, automatic payments, safety devices like fire alarms, claim-free history
Additional coverage options: Business property coverage, identity theft restoration, increased limits for scheduled personal property items, extended coverage for jewelry, furs, and watches
Progressive Renters Insurance
Our Pick for Bundling
3.5
A.M. BestA+J.D. Power804/1000
Pros and Cons
Pros Available in every state Has a discount for paperless billing Offers up to 12% discount when you bundle insurance policies Cons Offers limited add-on options Policies require a down payment with first month premium A Social Security number is required for a quote in Texas
Why We Chose Progressive
Bundling your renters and auto insurance policies with Progressive can pay off by decreasing your premiums by up to 12% and allowing you to share a deductible between the two separate policies. Progressive also offers discounts for those living in a gated community and for getting a quote in advance.
TDI estimates that standard coverage with Progressive in Texas will cost $173 per year. If you contact Progressive for exact pricing, make sure you have your Social Security number on hand, as it is required for the quoting process.
Discounts and Endorsem*nts
Discounts: Bundling with auto insurance, purchasing three days in advance of policy’s start date, gated community
Additional coverage options: Water backup coverage, personal injury legal fees for slander lawsuits, extended coverage for computers
American Family Renters Insurance
Our Pick for Customer Service
4
A.M. BestAJ.D. Power856/1000
MONTHLY COST$14.15
Pros and Cons
Pros Offers 24/7 customer service and claims support Includes identity theft coverage in a standard policy The MyAmFam mobile app connects customers to their policy and local support Cons Uses underwriting companies for renters insurance Only available in 19 states, so it may be difficult to maintain your policy if you leave the state
Why We Chose American
American Family has made a name for itself through its excellent customer service. You receive 24/7 access to American Family’s premier customer support team when you sign a policy with the company. You also receive access to a local agent, alongside a simple claims process through American Family’s online customer portal.
We received a quote from American Family for $15.64 per month, which included personal property, personal liability and personal computer coverage.
Discounts and Endorsem*nts
Discounts: Multi-policy bundling, smart home, autopay, full pay and paperless billing, loyalty discount after a year, and a generational discount if you are between 18 and 30 and your parent has an American Family policy.
Additional coverage options: Identity theft protection, up to $1,000 in pet insurance, travel protection for renters, and home-based business liability and property protection.
Nationwide
Our Pick for Valuable Endorsem*nts
4.5
A.M. BestAJ.D. Power852/1000
MONTHLY COST$13.83
Pros and Cons
Pros Provides various discount options Offers comprehensive additional coverage options Has the longest list of endorsem*nt options compared to the providers in this review Cons Policies can be more expensive than competitors Not available in New Mexico, Louisiana, Florida, Alaska, Massachusetts, New Jersey or Hawaii
Why We Chose Nationwide
Getting a policy with Nationwide could be a smart decision for renters looking for coverage fine-tuned to their needs. This provider is known for its extensive list of add-ons/endorsem*nts, including coverage for your significant other. Policies come at a higher premium, especially with the add-ons, but they can be worthwhile for Texans with unique coverage needs.
Nationwide costs an estimated $181 per year, according to the tool provided by TDI and OPIC.
Discounts and Endorsem*nts
Discounts: Bundling, protective devices and claims-free.
Additional coverage options: Brand new belongings, loss assessment, identity theft protection , water backup (limited), building ordinance or law and special limits of liability
The Cost of Renters Insurance in Texas
According to data collected by Quadrant Information Services in 2023, renters insurance costs $158 per year or $13 per month on average in the state of Texas. The cost of your unique policy will differ based on the size of your rental, your specific location and any endorsem*nts or discounts that you select or are eligible for. Use the chart below to get an idea of the relative price of the top renters insurance providers in your state.
The cost of renters insurance can vary greatly based on your location and the amount of personal property coverage you need. Find out how much you can expect to pay in your area using the chart below before getting a quote from your preferred providers.
Common Renters Insurance Claims in Texas
Based on crime, weather and other data in the Lone Star state, we recommend renters add water backup, scheduled personal property, replacement cost and flood insurance coverage to their policies. Here’s an overview of the common reasons for claims in Texas.
Theft
The most recent data from the Texas Department of Public Safety show that larceny and burglary together make up nearly 73% of all crimes in the state. To have robust protection against theft, you can add scheduled personal property and replacement cost coverage to your policy.
Scheduled personal property coverage will cover high-value items in your rental, including jewelry and expensive electronics. If you get replacement cost coverage, your insurer will pay to replace your items with newer ones without accounting for depreciation.
Weather-Related Events
Texans face a significant risk of weather-related events such as thunderstorms and hurricanes. Severe storms can cause heavy flooding, the damage from which is not covered by standard insurance policies. According to the Federal Emergency Management Agency (FEMA), more than 200,000 single-family homes in the state were affected by Hurricane Harvey.
Because a standard renters policy will not cover you against flood damage, consider purchasing a separate flood policy. A flood insurance policy generally protects the property structure and its electrical and other essential systems. But for renters, a policy may cover related damage to your belongings through content coverage. If you live in a high-risk zone, purchasing this policy is mandatory.
You can get flood insurance through a private insurer or the National Flood Insurance Program, managed by FEMA.
Water Damage
Depending on your policy, you might have coverage against damage due to burst pipes or a leaky roof. However, a standard renters policy will not cover damage to your items if a sump pump overflows or water backs up from a drain. You would need to purchase water backup coverage to protect against these instances. This endorsem*nt will cover your personal property and might also pay for cleaning costs.
Is Renters Insurance Worth it in Texas?
Because of relatively high crime and the significant risk of thunderstorms, hurricanes and tornadoes in Texas, getting renters insurance is a good idea. Having a renters insurance policy can help you recover financially after you suffer a covered loss. It also offers liability coverage and can pay for lodging if your place becomes uninhabitable and needs repairs.
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Frequently Asked Questions
While renters insurance covers a range of accidents, it typically does not cover damage or loss caused by natural disasters, such as flooding, earthquakes and tornadoes. This type of coverage may, however, be available in some regions or as add-on coverage. Check with your provider for coverage details.
The major coverages you receive through a renters insurance policy are typically personal property, personal liability and additional living expenses.
It is possible to have more than one renters insurance policy, but this is most likely unnecessary. In most cases, you should be able to work with your provider to add coverage options and endorsem*nts to a single policy.
A landlord may require that you purchase insurance, but no law in Texas requires renters to have coverage.
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Other Insurance Resources From MarketWatch Guides
Discover our top recommendations for the following insurance types to find the providers that best meet your needs.
- Best Pet Insurance Providers
- Best Travel Insurance Companies
- Best Homeowners Insurance Companies
- Best Renters Insurance Companies
- Cheapest Renters Insurance Providers
- Best Term Life Insurance Providers
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Methodology: How We Chose Renters Insurance Ratings
Through in-depth research of the industry, we created a comprehensive rating system to rank renters insurance providers. We researched each company by gathering cost information and requesting quotes, combing through policy information, secret shopping and reading customer reviews to understand the customer service experience, and accessing financial reliability scores.
We used these rating factors to determine the best renters insurance companies to help with your decision when looking at policies:
- Cost: 40%
- Availability and ease of use: 25%
- Coverage: 20%
- Brand trust:: 15%
We routinely monitor and update data on a regular basis to ensure the reviews reflect the most up-to-date information and advice. See our full methodology here
A.M. Best Disclaimer
How We Gather Cost Data
We at the MarketWatch Guides Team gathered renters insurance quotes for the providers in this article using data from Quadrant Information Services. Quadrant is a leading source of property and casualty insurance solutions and data.
The sample renter our quotes are based on is a 30-year-old single male with good credit and no prior claims history. Our sample policies featured a $1,000 deductible and the following coverage and limits:
- Personal property: $30,000
- Loss of use: $9,000
- Liability: $100,000
- Medical payments: $1,000
For each provider, we gathered a quote for 50% of the ZIP codes in every state the provider is licensed in. We used the most populous ZIP codes for our study. We took the average of these individual quotes to calculate a national average premium per provider.
In some cases, cost data for a top renters insurance company isn’t offered in Quadrant’s database. To gather price information for these providers, we manually pulled quotes directly from insurers’ websites or representatives. We used the same sample homeowner demographics and comparable policy details for more than 20 ZIP codes across the U.S.
Our sample rates are for informational purposes only. Actual premiums will vary.
*AM Best rating accurate as of March 2024.AM Best disclaimer
Mike MillerSenior Writer
Mike Miller is a writer with a decade of experience producing product and service content to help consumers make informed purchasing decisions. Mike has a bachelor’s degree in creative advertising. In his spare time, Mike enjoys riding and fixing motorcycles, reading a good book and spending time with his wife and two cats.
Rebekah YoungSenior Editor
Rebekah Young is an editor with a decade of experience in educational content and editing. Before joining the Guides Home Team to focus on home services content, she guided content strategy and edited in the insurance, venture capital, financial and health care fields. Rebekah has a bachelor’s degree in communication and English.
