Cheap Renters Insurance Texas

The top 3 best cheap renters insurance companies in Texas are Nationwide, Amica and State Farm. Allstate ranks first for affordability, Amica has the best customer reputation, and Nationwide is tied with Amica for the most extensive coverage selection.

*This list reflects a renter with good credit and no claims history with $50K Property Damage and $100K Liability coverage with a $1,000 deductible and guaranteed replacement.

While our list above covers most renters, it may not showcase the ideal options for you. So below, we've created a filterable table that can be matched to your profile so you can find the best option for you in Texas.

In the sections below, we'll provide more detail about our top picks for affordability, customer service, and coverage options in Texas for renters insurance.

The average cost of renters insurance in Texas is $276 per year $34 higher than the national average of $242. However, these rates are based on a policy with $50K in personal property coverage, $100K in liability limits and a $1,000 deductible and your rate may differ depending on your particular profile. So below, we created a table where you can filter major factors affecting renters insurance rates to see how much average costs are for you in Texas.

Renters insurance costs vary widely by city.  For example, the average annual premium in Austin is $198, while in Dallas, it's $241 for a policy with $50K in personal property coverage and $100K in liability coverage. Check the table below for the average cost in your city.

*This table reflects a renter with good credit and no claims history with $50K Property Damage and $100K Liability coverage with a $1,000 deductible and guaranteed replacement.

Finding the best renters insurance in Texas can be difficult, and it can be hard to decide with all of the options out there. So, to assist you, we've created a comprehensive guide to help you find the ideal coverage choice for you.

Finding the best and cheapest option in Texas for you can be difficult and there are many options to choose from. So to help you through this process, we've created a step by step guide to getting the most ideal option for you.

Renters insurance is not required by law in Texas, but most landlords will likely require at least $100K in liability coverage. However, this can differ depending on your rental history, credit, and what pets you own, if any. Other than this, there are a variety of considerations, including how much of your property you want covered, weather-related risks, crime in your area,  and if you own a pet.

To help you begin deciding how much renters insurance you need, we've provided a calculator that determines your ideal personal property limits.

Below, we've summarized the risks specific to the state of Texas and in general for renters and additional coverage considerations:

• Weather Risk: Flooding is the state's most common natural disaster, and Texas is also at high risk for hurricane, tornado, and wildfire damages depending on your location. If you are in a higher risk area for any of these weather threats, standard coverage may not be included to protect you, and it may have to purchased separately.
• Crime Risk: Texas has the 13th highest property crime rate nationwide and is 4th for identity theft and fraud. With this in mind, you may want to consider add-ons and possibly supplementing your renters policy with more property damage coverage.
• Pet Ownership: Depending on the pet you own, you may want to consider getting an add-on for pet liability coverage. You'll also want to check how pet coverage works with different providers and whether it is included in a policy as standard.
• Your Types of Property: If you have special tools, valuables, electronics, or other structures like a pool on your rented property that need to be covered, a standard policy may not be comprehensive enough. If this is the case for you, look for companies with specific add-ons that protect your items further.

In general, renters insurance covers damages to your property, to others, and loss of use related to your rental home. However, depending on the add-on coverages you add to your policy it can be more comprehensive. There are many types of renters insurance coverage, including the following:

In our review, we found that the best and cheapest overall renters insurance companies in Texas are Nationwide, Amica, State Farm, Allstate, and Chubb. While we recommend these options, you should research for yourself and compare multiple companies and quotes to get the best deal.

Below, you can review our experts' answers to common frequently asked questions:

To determine who has the cheapest renters insurance in Texas, we used the following base profile:

• $50K personal property coverage
• $100K liability coverage
• $1000 deductible
• Property replacement coverage included
• Good credit score

This was used to determine our affordability score for the state (60% of score). The other parts of our score used the size company add-on coverage selections (10% of score), customer satisfaction score from industry research (25%), and financial strength ratings (5% of score).