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What is the best company to get renters insurance from?
- Best Overall: State Farm.
- Runner-Up, Best Overall: MetLife.
- Best Value: American Family Insurance.
- Best One-Stop Insurance Shopping: Farmers.
- Best for Collectibles: Nationwide.
- Best for Home-Based Businesses: Toggle.
- Easiest Claim Filing Service: Liberty Mutual.
Who has best prices on renters insurance?
MoneyGeek analyzed renters insurance rates across all 50 states and hundreds of cities to determine which companies offer the cheapest rates for you.
offers the cheapest renters insurance overall, but other insurers may be the cheapest in your state, such as
and Lemonade.
Is renters insurance required in Maryland?
While renters insurance is not required by law in Maryland, some landlords may require it for you to live in their building. It's generally a good idea to have at least some form of coverage as your landlord's insurance is not liable for any damage to your personal property.
How much is renters insurance in Texas for an apartment?
The average cost of renters insurance in Texas is $134 per year — $25 less than the national average of $159. This means that people in Texas typically pay $11 per month for renters insurance, $2 less than the monthly national average.
What is the best company for rental insurance?
- #1 USAA.
- #1 Lemonade.
- #3 Erie Insurance.
- #4 American Family.
- #4 State Farm.
- #6 Farmers.
- #6 Allstate.
- #6 Nationwide. #9 Liberty Mutual.
What is the average renters insurance premium cost in the US?
The average renters insurance cost in the U.S. is $179 per year, or about $15 per month, according to NerdWallet's latest rate analysis. We based this estimate on a policy for a hypothetical 30-year-old tenant with $30,000 in personal property coverage, $100,000 in liability coverage and a $500 deductible.
How much does renters insurance cost in Colorado?
Average Cost of Renters Insurance in Colorado. Colorado renters insurance is 20.0% less than the U.S. average. In Colorado, the average cost of renters insurance is $128 each year, or approximately $11 a month. That's 20% lower than the national average.
Do I need insurance as a renter?
You only need renters insurance if your landlord or your building requires it. While not required otherwise, anyone renting any type of residence long-term — be it an apartment or single-family home — should strongly consider purchasing a renters insurance policy.
What does renters insurance cover in Maryland?
Renters insurance can cover items damaged by fire, smoke, and other situations. Water Damage: Similar to fire and smoke, your renters insurance may cover items caused by certain types of water damage. Temporary Living Expenses: If your apartment is damaged due to a covered loss, you may need to find a place to stay.
How much does renters insurance cost in Maryland?
The average cost of renters insurance in Maryland is $16 a month or $191 a year. The cost for renters insurance in Maryland is higher than the US average, which is about $15 per month or $187 per year.
Why would someone want to have renters insurance if their building owner has insurance?
In many cases, the insurance a landlord carries covers only the building. Personal property loss or damage, caused by theft, vandalism or fire are typically not covered by the landlord's policy. Without renters insurance, the tenant may have to bear the financial burden of a loss to their personal property.
How much does a renters insurance cost for an apartment in Texas?
The average cost of renters insurance in Texas is $134 per year — $25 less than the national average of $159. This means that people in Texas typically pay $11 per month for renters insurance, $2 less than the monthly national average.
Is renter insurance required in Texas?
While renters insurance is not required by law in Texas, some landlords may require it for you to live in their building. It's generally a good idea to have at least some form of coverage as your landlord's insurance won't cover any damage to your personal property.
How much is apartment insurance in Houston?
On average, renters insurance in Houston, Texas, costs $151 per year or around $13 per month. The cheapest renters insurance in Houston costs $90 per year, while the most expensive costs $218. Taking the time to compare insurance companies can help you save $128 annually or around $10 monthly.