Best and Cheapest Renters Insurance in Texas (2024)

Allstate is the best and cheapest renters insurance company in Texas, with a MoneyGeek score of 90 out of 100 and an average annual premium of $86 for $20K in personal property coverage with a $1,000 deductible.

Your best choice depends on your needs. Amica is great if you prioritize customer service. For military families, USAA may be an excellent choice.

The best renters insurance providers in Texas for a policy with $20K in personal property coverage are:

• Allstate: MoneyGeek score of 90 out of 100 ($86 per year)
• Amica: MoneyGeek score of 85 out of 100 ($116 per year)

Allstate offers a good balance of customer satisfaction and affordability. However, the best provider for you depends on your needs.

Allstate offers the cheapest renters insurance in Texas, with an average annual premium of $86 for $20K in personal property coverage and a $1,000 deductible.

• Allstate: $86 per year
• State Farm: $114 per year

Personal property coverage helps replace or repair your belongings if damaged, lost or stolen. Cheap renters insurance policies often have lower coverage limits. Higher coverage limits can lead to higher monthly costs but offer better protection if you have many personal belongings.

Allstate offers Texas' best and cheapest renters insurance for a policy with $20K in personal property coverage and a $2,000 deductible. Here are the top options for higher deductible policies:

• Allstate: $86 per year
• Amica: $105 per year

A deductible is the amount you pay out of pocket before your insurance covers the rest. While a higher deductible can lower your premium, choosing an amount you can afford is crucial if you need to file a claim.

Amica is the best renters insurance company for service quality in Texas, with an average annual premium of $116 for $20K in personal property coverage.

• Amica: MoneyGeek score of 98 out of 100 ($116 per year)
• Nationwide: MoneyGeek score of 94 out of 100 ($131 per year)

Great customer service means prompt support, clear communication and efficient claim handling. It ensures quick issue resolution and peace of mind. When you file a claim, it means timely updates and easy reimbursement.

For $100K in personal property coverage, the top renters insurance providers in Texas are:

• Nationwide: MoneyGeek score of 93 out of 100 ($263 per year)
• State Farm: MoneyGeek score of 91 out of 100 ($261 per year)

Renters with more belongings need higher personal property coverage to replace items like furniture, electronics and clothes if damaged or stolen. While higher coverage often costs more, finding a provider that balances cost and good service ensures your valuables are well-covered without overspending.

For renters with military backgrounds in Texas, the top providers for a policy with $20K in personal property coverage are:

• USAA: MoneyGeek score of 100 out of 100 ($116 per year)
• Allstate: MoneyGeek score of 90 out of 100 ($86 per year)

USAA offers products tailored for military members, veterans and their families, with discounts and coverage that suit their lifestyles. While Allstate is the cheapest in Texas, USAA might be worth considering.

Amica is the best renters insurance company for those with poor credit in Texas, with an average annual premium of $166.

• Amica: MoneyGeek score of 98 out of 100 ($166 per year)
• Chubb: MoneyGeek score of 92 out of 100 ($187 per year)

Rates are higher for those with poor credit because they pose a greater risk to insurers and are more likely to file claims. Improving your credit and using available discounts can help reduce costs.

The average cost of renters insurance in Texas is $126 per year ($11 per month), $20 less than the national average of $146. These rates are based on a policy with $20K in personal property coverage, $100K in liability limits and a $1,000 deductible.

Renters insurance costs can vary depending on your chosen coverage. Personal property coverage protects your belongings from theft, fire and other risks. Use the tool below to get an estimate based on your needs.

Renters insurance costs vary by city. The average annual premium in Austin is $109, while in Dallas, it's $127. These rates are based on a policy with $20K in personal property coverage, $100K in liability coverage, a $1,000 deductible and a good credit score. Check the table below for the average cost in your city.

Understanding the factors that affect the cost of renters insurance in Texas can help you find a policy that fits your budget and needs.

• Location: Crime rates and weather risks in your area can affect your premium.
• Coverage amount: Higher coverage limits increase your insurance costs.
• Deductible: A higher deductible lowers your monthly premium but means higher out-of-pocket costs in a claim.
• Claims history: A history of claims may lead to higher premiums due to increased perceived risk.
• Credit score: A better credit record can result in lower premiums.

To determine your personal property coverage, follow these steps to create a detailed inventory of your belongings:

1. Gather supplies: Get a notebook, pen and a camera or smartphone.
2. List items: Go through each room, listing each item and its estimated value.
3. Categorize: Group items into categories like electronics, furniture and clothing.
4. Document: Take photos or videos of each item and keep any available receipts.
5. Store securely: Save your inventory in a secure location, such as cloud storage or a fireproof safe.

Renters insurance primarily protects your personal belongings from damage, but it also extends to other areas such as liability and additional living expenses. Here's what a typical policy may cover:

• Personal property coverage: This policy safeguards your possessions against covered perils, like theft, and helps you replace them.
• Personal liability coverage: Protects you from legal responsibility for injuries or damage to others, such as if a guest is injured in your rental unit.
• Loss of use coverage: Pays for additional living expenses if your rental is uninhabitable due to a fire. For example, loss of use coverage can cover temporary housing costs.

Renters insurance typically applies to specific events, like theft, vandalism or specific natural disasters. Here's what most policies cover:

• Fire or lightning
• Windstorm or hail
• Explosions
• Riots
• Damage caused by aircraft
• Damage caused by vehicles
• Smoke damage
• Vandalism
• Theft
• Volcanic eruption
• Falling objects
• Weight of ice, snow or sleet
• Water-related damage from home utilities
• Electrical surge damage

While renters insurance protects your personal property and liability, it doesn't cover all losses. Standard policies typically exclude:

• Natural disasters: Events like floods and earthquakes are usually not covered.
• High-value items: Expensive jewelry or electronics might exceed policy limits.
• Business equipment: Items used for business may require additional coverage.
• Roommate property: Your policy doesn’t cover your roommate’s belongings.
• Pest damage: Infestations and damage from pests are generally not covered.
• Car theft: Personal vehicles are covered by auto insurance, not renters insurance.

Understanding these exclusions can help you get additional coverage if needed, ensuring better financial protection against various risks.

Choosing the best renters insurance provider depends on your unique needs. We address common questions to help you find the right coverage.