Best Renters Insurance in Illinois (2024)

Lemonade offers Illinois renters straightforward coverage at an affordable price. The sign-up process is simple; 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 Illinois renters comprehensive and affordable renters insurance plans. State Farm covers high-value personal property, such as jewelry and firearms, in its standard plans. Most renters insurance companies offer valuables coverage as an add-on only.

State Farm provides the following endorsements:

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

Here is a list of State Farm’s available discounts:

• Bundling discount: This discount is available for applicable auto and renters insurance bundles.
• Claim record discount: You are eligible for this discount if you haven’t filed a claim with a previous provider in the past five years.
• Home alert protection discount: This discount is available if your home has smoke detectors and burglar and fire alarms.

Liberty Mutual offers low-cost renters insurance and solid coverage for personal liability and medical payments. It provides unique discounts other providers don’t, including an online sign-up discount. Liberty Mutual also lets you choose between an actual cash value (ACV) and a replacement cost value (RCV) policy.

Liberty Mutual provides the following endorsements:

• Blanket jewelry coverage
• Earthquake coverage
• Portable electronics coverage

Here is a list of Liberty Mutual’s insurance premium discounts:

• Claims-free discount: This discount is available if you haven’t filed a renters insurance claim with a previous provider in the past five years.
• Early shopper discount: You’re eligible for this discount if you currently own a renters insurance plan and wish to switch.
• Multi-policy discount: This discount applies when you bundle your renters insurance plan with additional policies, such as car insurance.
• Online sign-up discount: You can save on your rate when you sign up online.
• Preferred payment discount: This discount is available when you enroll in an automatic payment plan.

Allstate made our list for its generous personal property, liability, and medical payments to others coverage. It also reimburses costs associated with identity theft. Further, Allstate includes employer liability coverage if an employee, such as a dog sitter, injures themselves in your home. Allstate provides three coverage levels tailored to your budget and coverage needs.

Allstate provides the following endorsements:

• Flood insurance
• Identity theft restoration
• Personal umbrella policy
• Scheduled personal property coverage

Here is a list of Allstate’s policy discounts:

• 55 and retired discount: Renters 55 years and older are eligible for this discount.
• Easy Pay Plan: This discount is available when you enroll your bank account in an automatic payment plan.
• Multi-policy discount: You can save by pairing your renters insurance with an auto insurance policy.

Farmers is our final recommended Illinois renters insurance provider. It offers up to 100% coverage for loss of use. Farmers has an expansive network of agents nationwide for those who prefer to sign up with an agent. It offers multiple unique discounts, including non-smoking and good-payer discounts.

Farmers offers one endorsement, Identity Shield protection, when you pull a quote online. It offers additional endorsements if you speak with an agent. Here is a list of the additional endorsements Farmers offers:

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

Here is a list of Farmer’s policy discounts:

• Claims-free discount: This discount is available if you haven’t reported a property loss within the last three years.
• Multiple policy discount: You’re eligible for this discount when you pair your renters insurance with a life or car insurance policy.
• Security system discount: You can get this discount if your home has installed fire or security alarm systems.
• Smoke-free discount: Households that have been smoke-free for two years are eligible for this discount.
• Welcome discount: This discount is available for new renters insurance customers.