Renters Insurance
$15/month coverage you'll actually appreciate. renters.
Cover your stuff and your liability for less than a streaming subscription. Compare renters quotes from major carriers in one place.
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What are you insuring?
Where to start
Three paths through renters
See the best renters carriers
Lemonade, State Farm, Allstate, GEICO, USAA, and the regional players — independently ranked on price, ease of claims, and policy substance.
Bundle with auto for savings
Renters policies are cheap on their own (typically $15-$25/month). Bundling with auto often more than offsets the renters premium through auto discount.
Read renters guides
What's covered (and what's not), how scheduled riders work, what to do for roommates, when bedbugs and pets matter — the practical stuff.
How we think about renters insurance
Cheapest insurance you'll ever buy. Most renters skip it anyway.
Renters insurance is unfairly underrated. For roughly $15-$25 per month, you get $20K-$50K of personal property coverage, $100K-$300K of personal liability protection, and loss of use coverage if a covered disaster makes your unit uninhabitable.
The biggest value isn't actually the contents coverage — it's the liability protection. If a guest is injured at your apartment, your dog bites someone on a walk, or a kitchen fire damages neighboring units, your renters policy is what stands between you and a lawsuit.
Where to start: see who actually competes on price for renters, then get quotes. We focus on the decisions that matter — replacement cost vs. actual cash value, scheduled riders for jewelry, what happens with roommates.
Explore renters guides
Everything you need to choose well
Best renters insurance
Top renters carriers ranked — Lemonade, State Farm, USAA, Allstate, GEICO. Where each wins on price and customer experience.
Carrier reviews
Independent reviews of major renters carriers. Premium spreads, claim handling, app quality, and policy substance compared.
Renters guides
In-depth coverage of the decisions that matter — replacement cost, scheduled riders, roommates, what's not covered.
See rates
Compare renters insurance rates from carriers competing in your area. Most policies issue same-day.
Carriers we've reviewed
The 6+ carriers competing for your business
Independent reviews of the major renters insurance carriers — ratings, pros, cons, and where they actually win vs. where they don't.
Lemonade
Lemonade is the fastest renters insurance — quote and bind in under 90 seconds for as little as $5/month. Below, QuoteYeti's editorial team …
State Farm
State Farm is a renters insurance with the largest agent network and strong bundling discounts. Below, QuoteYeti's editorial team breaks dow…
GEICO
GEICO is an affordable renters insurance with industry-leading mobile app and multi-policy bundling. Below, QuoteYeti's editorial team break…
Allstate
Allstate is a renters insurance with strong agent network and comprehensive coverage options. Below, QuoteYeti's editorial team breaks down …
Toggle by Farmers
Toggle by Farmers is a modern renters insurance that lets you pay only for what you need with built-in identity theft protection. Below, Quo…
Progressive
Progressive is a renters insurance with easy bundling, online quotes, and HomeQuote Explorer comparison. Below, QuoteYeti's editorial team b…
In-depth reading
Renters insurance, explained
Long-form guides on the decisions that actually matter — written for buyers, not search engines.
Do I really need renters insurance?
When renters insurance is worth it (almost always) and when it's not.
02Does renters insurance cover roommates?
How renters insurance works in shared living situations.
03Renters insurance and water damage
What renters insurance covers (and doesn't) when water is involved.
04Renters insurance: replacement cost vs. actual cash value
The most important coverage decision in renters insurance.
Common misconceptions
What most people get wrong
Myth My landlord's insurance covers my stuff.
Reality Your landlord's policy covers the building and their property — not your belongings. If your apartment is destroyed by fire, your landlord's insurance rebuilds the unit; your stuff is your problem unless you have renters coverage.
Myth I don't have enough stuff to need renters insurance.
Reality Most renters underestimate their belongings by 50%+. Furniture, electronics, clothing, kitchen items, and personal effects add up faster than you think. The liability protection alone justifies the $15-25/month.
Myth Renters insurance is too expensive.
Reality $15-25 per month is the cheapest insurance most consumers can buy. Less than a streaming subscription. Bundled with auto, the auto discount often eclipses the renters premium entirely.
Myth I'm fine because I don't have anything valuable.
Reality The value is in liability. One liability claim — a guest tripping at your apartment, your dog biting someone, a kitchen fire damaging the unit above yours — can cost tens or hundreds of thousands without coverage.
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Frequently asked
Renters insurance, demystified
What does renters insurance actually cover?
Personal property (your belongings), personal liability (claims against you for injury or damage), loss of use (temporary housing if your unit is uninhabitable), and limited medical payments for guests injured at your unit. Standard exclusions: flood, earthquake, intentional damage.
How much renters insurance do I need?
Personal property: enough to replace what you actually have (typically $20K-$50K for most renters). Liability: $100K minimum, $300K is the safer baseline. Bump to $500K plus an umbrella policy if you have meaningful assets.
Replacement cost or actual cash value?
Always replacement cost. ACV depreciates older items — your 8-year-old TV pays out $80 instead of $400. Replacement cost typically costs only $30-$50 more per year and pays out dramatically more at claim time.
Does renters insurance cover roommates?
Only if your roommate is named on the policy. Otherwise, each roommate needs their own policy. Most carriers will let you add a non-related roommate to your policy for a small premium increase.
Does renters insurance cover bedbugs or rodent damage?
Almost never. Pest-related damage is excluded under standard policies. Bedbug treatment and damage are your responsibility (or, depending on your lease and state law, potentially your landlord's).
Will renters insurance pay if my apartment floods?
From plumbing (burst pipe, overflow): yes. From outside water rising (rain, river overflow): no — that's flood, and you'd need a separate NFIP policy. The distinction matters in coastal markets and ground-floor apartments.