Best and Cheapest Renters Insurance in West Virginia (2024)

Allstate is the best and cheapest provider in West Virginia for $20K in personal property coverage. It has an average annual premium of $92 and a MoneyGeek score of 85 out of 100. However, the best for you will depend on your needs. For instance, Erie is best for those who value service, and USAA is the top choice for veterans.

Allstate is the best renters insurance provider in West Virginia, with a MoneyGeek score of 85 out of 100 and an average annual premium of $92 for $20K in personal property coverage. The following providers are the two best renters insurance options in West Virginia for the same policy:

• Allstate: MoneyGeek score of 85 out of 100 ($92 per year)
• State Farm: MoneyGeek score of 83 out of 100 ($99 per year)

Allstate has perfectly balanced customer satisfaction and affordability. However, the best choice for you will still depend on your needs.

Allstate offers the cheapest renters insurance in West Virginia, with an average annual premium of $92 for $20K in personal property coverage. The following providers are the top two cheapest options in West Virginia for $20K in personal property coverage with a $1,000 deductible:

• Allstate: $92 per year
• State Farm: $99 per year

Personal property coverage protects your belongings, such as furniture and electronics, against risks like theft or fire. While cheap renters insurance policies often have low personal property coverage limits, opting for higher coverage can result in higher costs. However, it provides better protection for extensive personal belongings.

In West Virginia, Allstate is the cheapest renters insurance company for $20K in personal property coverage with a $2,000 deductible, with an average annual premium of $92. For the same coverage with a $2,000 deductible, the following providers are the top two cheapest:

• Allstate: $92 per year
• State Farm: $96 per year

A deductible is the amount you pay out of pocket before insurance helps cover costs. A higher deductible generally means lower premiums. Review the table below to see how rates vary.

Erie is the best renters insurance company for service quality in West Virginia for $20K in personal property coverage. It has an average annual premium of $127. The following providers are the top two best options in West Virginia for those who value excellent customer service and need $20K in personal property coverage:

• Erie: MoneyGeek score of 85 out of 100 ($127 per year)
• Nationwide: MoneyGeek score of 83 out of 100 ($137 per year)

Excellent customer service from a renters insurance provider is crucial because it ensures your concerns and claims are handled efficiently and sensitively. For example, when making a claim, your provider promptly assists you, showing empathy and offering clear guidance on the next steps.

Allstate is the best renters insurance company for renters who need $100K in personal property coverage in West Virginia. It has an average annual premium of $220. For $100K in personal property coverage, the following providers are the top two best options in West Virginia:

• Allstate: MoneyGeek score of 85 out of 100 ($220 per year)
• State Farm: MoneyGeek score of 79 out of 100 ($243 per year)

Renters who have more personal belongings need higher personal property coverage. Personal property coverage protects your valuables, such as electronics, furniture and clothing, in case of damage or theft. Higher coverage often means higher premiums. It is essential to find a provider that balances cost and service to ensure you get the best value while covering your belongings comprehensively.

USAA is ranked first for military members, offering $20K in personal property coverage at an average annual premium of $102. USAA is a company exclusively for those with military backgrounds. The following providers are the top two best options in West Virginia for military members who need $20K in personal property coverage:

• USAA: MoneyGeek score of 100 out of 100 ($102 per year)
• Allstate: MoneyGeek score of 85 out of 100 ($92 per year)

USAA offers a range of products tailored for those with a military background, including discounts and coverages suited for the military lifestyle. Although other insurers may have lower premiums, USAA’s comprehensive offerings may be worth considering, given its tailored focus on military needs.

Allstate offers the best renters insurance for those with poor credit in West Virginia, with an average annual premium of $92. The following providers are the top two best in West Virginia for those with poor credit:

• Allstate: MoneyGeek score of 85 out of 100 ($92 per year)
• State Farm: MoneyGeek score of 67 out of 100 ($208 per year)

Rates for those with poor credit are often higher since providers perceive them as a greater risk due to potential issues with financial responsibility. Improving your credit score can help reduce rates, and taking advantage of discounts wherever possible can provide additional savings.

The average cost of renters insurance in West Virginia is $114 annually or $10 monthly. This rate is $32 cheaper than the national average of $146 annually. These rates are based on a renters insurance policy with $20,000 in personal property limits, $100,000 in liability limits and a $1,000 deductible.

Renters should remember that the average cost of renters insurance in West Virginia may vary greatly depending on the amount of personal property coverage you purchase. Personal property coverage protects your belongings against risks such as theft, fire and other disasters. Use the tool below to get an estimate for your renters insurance based on your needs.

The cost of renters insurance in West Virginia is influenced by multiple factors, including the location of the rental property and the amount of coverage desired. Understanding these variables is key to finding a policy that fits your budget and needs.

• Location: The area where you live can affect your premium due to crime rates and weather-related risks.
• Coverage Amount: Opting for higher coverage limits will typically increase your insurance costs.
• Deductible: Choosing a higher deductible can lower your monthly premium, but you'll pay more out of pocket in case of a claim.
• Claims History: Renters with a history of claims may face higher premiums due to perceived risk.
• Credit Score: Insurance companies may use your credit score to determine your premium, with higher scores often leading to lower costs.

Determining your personal property coverage as a renter starts with a thorough personal inventory of your belongings, along with their estimated value and proof of ownership. Here's how to create one:

1. Start With Big-Ticket Items: List all high-value items first, such as electronics, jewelry and furniture, noting their make, model and serial numbers when available.
2. Document With Photos or Videos: Take clear photographs or video recordings of your belongings, capturing any identifying marks or conditions.
3. Include Receipts and Appraisals: Attach purchase receipts, warranty cards and appraisal documents for items of significant value.
4. Store Information Securely: Keep your inventory list and supporting documents in a safe, accessible location, such as a cloud storage service.
5. Update Regularly: Review and update your personal inventory annually or whenever you acquire or dispose of items.

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: Safeguards your possessions against covered perils like theft to help 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: Assists with additional living expenses. For example, if your rental is uninhabitable due to a fire, 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

Although renters insurance provides a safety net for your personal property and liability, it does not universally cover all losses. For instance, damage from floods typically falls outside standard policies. Here are the other typical exclusions:

• Natural Disasters: Standard policies often exclude events like floods.
• High-Value Items: Expensive jewelry or electronics may exceed policy limits.
• Business Equipment: Items used for business may require additional coverage.
• Roommate Property: Your policy does not cover your roommate's belongings.
• Pest Damage: Infestations and damage from pests are generally not covered.
• Car Theft: Personal vehicles are covered under auto insurance, not renters insurance.

Understanding these exclusions can help you seek additional coverage if necessary, ensuring you're protected against a wider range of potential risks.

Choosing the best renters insurance provider ultimately depends on your specific needs. To help you navigate your options, we've answered some of the most frequently asked questions about renters insurance.