Best Renters Insurance in Arizona (2024)

Lemonade renters insurance offers affordable coverage to Arizona residents with plans starting as low as $5 per month. If you want to save time, utilize the Lemonade mobile app, and sign-up for a renters insurance policy in two minutes. Lemonade offers standard renters insurance coverage similar to most insurance providers. The company covers events including fires, lightning, windstorms, hail, smoke, vandalism, theft, freezing, damage from aircrafts or vehicles, and riots.

Additional Coverage Options

Here are the endorsements you can add to a Lemonade plan

• Additional coverage for jewelry, fine art, and more
• Appliance equipment breakdown
• Coverage for your significant other 
• Landlord property damage 
• Water backup protection
• Earthquake protection

Lemonade provides the following discounts.

• Annual premium discount: This discount is available if you choose an annual over a monthly premium.
• Bundling discount: You’re eligible if you pair your renters insurance with auto, pet, or life insurance.
• Protective devices discount: This discount is available if your home has installed fire or burglar alarms.

Toggle makes it simple to choose the level of coverage you need for your rental at the perfect price to fit your budget. Our team was able to get quotes on a basic, standard, and premium policy after submitting a name, address, and birthday with the basic policy costing only $5 per month. We had the flexibility to completely customize coverage amounts, and adding endorsements was as easy as toggling on the selections we wanted. We were able to purchase a plan in only 2 minutes that could start as early as today.

Here are the endorsements you can add to a Toggle plan:

• Pet Parent
• Replacement Cost
• Temporary Living Costs
• Side Hustle
• Identity Protector
• Significant Other

Although not explicitly stated in the quote process, we identified several discounts that customers are eligible for by speaking with a customer service representative.

• Diminishing deductible: For every year you don’t file a claim, your deductible will decrease with no added cost to your policy.
• Multi-policy: Customers who bundle with auto insurance are eligible to save with this discount.

One of the benefits of a Farmers renters insurance policy is the deductible options. Farmers has more deductible options than Liberty Mutual and Nationwide, and you can choose a much lower deductible of $100, while the lowest options for the other two are $250 and $500.

Farmers provides most of its endorsements via an agent. Here is a list of endorsements it offers:

• Earthquake endorsement
• Flood insurance endorsement
• Identity Shield endorsement
• Jewelry, fur, and firearms coverage

Farmers offers the following discounts:

• Claim-free discount: You receive this discount for not filing a renters insurance claim within three years.
• Multiple policy discount: You’re eligible for this discount when you bundle life or auto insurance with your renters insurance policy.
• Security system discount: You can save on your policy if your home has installed fire alarms or security systems.
• Smoke-free discount: This discount is available to renters who have been smoke-free for two years.
• Welcome discount: This discount is for new Farmers customers.

Liberty Mutual has the best liability coverage out of the providers in this review. You can go up to $1 million worth of liability coverage, while the other two companies have a cap of $500,000. This ensures that you won’t have to pay for any liability claims out of pocket.

Here are the endorsements you can add to a Liberty Mutual plan:

• Blanket jewelry coverage
• Earthquake coverage
• Portable electronics coverage

Liberty Mutual offers the following discounts:

• Claims-free discount: This discount is available if you haven’t filed a claim within the past five years.
• Early shopper discount: You’re eligible for this discount if you purchase a renters insurance policy from Liberty Mutual before your existing policy ends.
• Multi-policy discount: You can save by bundling additional policies with your renters insurance, such as an auto policy.
• Online sign-up discount: You can get a 10% discount by purchasing a renters insurance policy online.
• Preferred payment discount: This discount is available when you enroll in an automatic payment plan.

Nationwide renters insurance offers more than just personal property, liability, medical payments to others, and loss of use coverage. With every policy, you get credit card protection to detect unauthorized charges, ordinance or law protection to help bring your unit back up to code after repairs, and building additions and alterations protection to cover the cost of damage to minor changes you made to your rental.

Nationwide offers the following endorsement options to improve its basic coverage:

• Valuables Plus
• Water backup
• Theft extension
• Earthquake Insurance

Although Nationwide offers higher prices than some competitors, it may become your best value option if you qualify for discounts. They offer the following savings opportunities:

• Multi-policy: save by bundling with another insurance type
• Protective device: discount offered to those who have devices such as smoke detectors
• Claims-free: if you have no claims history, you may be eligible for savings