Best Renters Insurance in Chicago

Lemonade offers Chicago renters affordable and straightforward coverage. The sign-up process is quick and easy; our team pulled a quote in fewer than four minutes. Lemonade allows you to customize limits for personal property and liability coverage. In addition, Lemonade donates unused claim funds to various national charities.

Lemonade offers the following additional coverage options:

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

Lemonade offers bundling discounts when you sign up for car, pet, or term life insurance with your renters insurance policy. It also has a discount if your home has a fire or burglar alarm installed.

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.

State Farm offers some of the most extensive renters insurance coverage, with no caps on personal property or loss of use coverage. If you’re looking for coverage beyond personal property, liability, loss of use, and medical payments to others, State Farm offers eight additional coverage options that you can purchase.

Here are the endorsements you can add to a State Farm plan. Note that State Farm offers its flood insurance endorsement via an agent only.

• Backup or sewer drain endorsement
• Cyber event, identity restoration, and fraud loss endorsement
• Earthquake endorsement
• Flood insurance endorsement

State Farm provides the following discounts:

• Bundling discount: This discount is available when you bundle multiple policies with your renters insurance plan.
• Claim record discount: Those who haven’t filed a renters insurance claim within the past five years are eligible for this discount.
• Higher deductible discount: This discount lowers your renters insurance premium when you select a higher deductible.
• Home alert protection discount: This discount is available for those living in a home with installed smoke detectors and burglar and fire alarms.

With an online tool that helps you calculate the value of your belongings, Allstate provides the tools necessary to create a customized policy that fits you and your home’s needs. Allstate offers standard personal property, loss of use, medical payments to others, and liability coverage, with five optional coverages available for purchase.

Allstate offers most of its endorsements via an Allstate agent. The endorsements are the following:

• Flood insurance endorsement
• Personal umbrella policy
• Scheduled personal property endorsement

To help its customers save money, Allstate offers five renters insurance discounts:

• Multi-policy discount—If you purchase renters and car insurance policies from Allstate, you can qualify for the multi-policy discount.
• Safe home discount—Certain safety features in your rental like smoke alarms or security systems can qualify you for this discount.
• Easy pay plan—Signing up for automatic payment saves you 5% on your policy.
• 55 and retired discount—If you’re at least 55 years old and retired, you can save 25% on your policy.
• Claim-free discount—Not filing a renters insurance claim can save you up to 20% on your policy, and increases each year you stay claims free.

As an experienced renters insurance agency with over 90 years of experience, Farmers provides customers low deductible options and no limit on personal property coverage. The company simplifies the process of receiving a renters insurance quote, allowing customers to receive their quotes online by filling out personal and property information.

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.