Best Renters Insurance in Texas
Texas renters insurance policies can protect you and your personal belongings if an unexpected event occurs. Keep reading our review to learn about the best renters insurance providers in Texas and how to buy a policy.
A Texas renters insurance policy will include liability, loss of use, medical payments, and personal property coverage and could save you money if an accident causes damage to your rental or belongings.
To help you find the best renters insurance company in Texas, Quartz Advisor Review team picked out the state’s top providers and included tips on how to find the right policy for you and your home. In this article, we break down the four best renters insurance providers in Texas based on personal property and liability coverage, endorsements, customer service, and more.
5 Best Renters Insurance Companies in Texas
Here are the top providers of renters insurance in Texas.
- Lemonade: Easiest Coverage
- Toggle: Best for Flexible Pricing
- Allstate: Best Coverage Options
- Farmers: Most Customizable Coverage
- USAA: Best Membership Perks
Lemonade
Best for Easy Coverage
Toggle
Best for Flexible Pricing
Allstate
Best for Unique Coverage
Farmers
Best for Loss of Use Coverage
USAA
Best Membership Perks
Our Conclusion
Toggle, Allstate, Farmers, and USAA all have unique benefits, whether that be providing quality customer service, offering low deductibles, or including natural disaster protection. Before purchasing a renters insurance policy in Texas, we recommend getting renters insurance quotes from all four providers in this review to compare coverage and pricing.
Use the tool below to find and compare renters insurance providers near you:
Compare Renters Insurance Companies
| Factor | Allstate | Farmers | USAA |
| Monthly Price | About $16 | About $30 | As low as $10 |
| Types of Coverage | Personal property, loss of use, liability, medical payments to others | Personal property, loss of use, liability, medical payments to others | Personal property, liability, medical payments to others |
| Personal Property Coverage Limits | $25,000–$150,000 | No limit | $25,000–$750,000 |
| Liability Coverage Limits | $100,000, $200,000, $300,000, or $500,000 | $100,000, $200,000, $300,000, or $500,000 | $100,000, $300,000, $500,000, or $1,000,000 |
| ACV or RCV | ACV or RCV | ACV | RCV |
| Discounts Available | 5 discounts | 3 discounts | 3 discounts |
| Unique Add-Ons | Scheduled personal property, uninsured/underinsured motorist | N/A | Computer and tablet |
| Customer Service | 24/7 | 24/7 for claims; limited for customer service | 24/7 for claims; limited for sales and service |
| BBB Rating | A+ | A+ | B+ |
Texas Renters Insurance Coverage
Here’s an overview of each type of coverage found in a Texas renters insurance policy:
- Liability Coverage: If you’re responsible for an incident that damages your neighbor’s personal property or injures them, your insurance company will pay any costs associated with the event. This may include legal fees if they sue you, medical bills if they see a doctor, and replacement costs if their belongings are destroyed.
- Coverage for Medical Payments to Others: If a guest is injured in your home, your policy will pay up to a certain amount of their medical expenses.
- Personal Property Coverage: The coverage amount you purchase should match the total value of your personal belongings because if an event destroys them, your policy will pay to replace them. This type of coverage even covers your belongings when they’re not in your home and will protect them if they’re damaged or stolen from your car.
- Loss of Use Coverage: Your renters insurance company will pay for living expenses, like the cost of a hotel room or the cost of meals, if you have to vacate your apartment temporarily for repairs.
- Endorsements: Most companies offer at least one endorsement that you can add onto your policy for an additional cost every month. Common endorsements include protection for earthquakes, jewelry, and identity theft.
How Much Does a Renters Insurance Policy Cost in Texas?
The cost of renters insurance in Texas in 2017 was $232 per year, or a little over $19 per month, according to the Insurance Information Institute. It was the fifth-most expensive state for renters insurance.
Factors to Consider Before Buying Renters Insurance
To make sure you purchase the best policy for you and your home, think about these factors before starting your search for renters insurance:
- Hurricanes: Texas is one of the most susceptible states to hurricanes, which can cause flooding and water damage to your belongings. A USAA policy includes flood protection and earthquake coverage in all of their policies.
- Budget: Determine how much room you have in your budget for renters insurance, and search for a policy that will fit within your price range. In addition to the providers in this review, look into State Farm, Toggle, and Lemonade for affordable renters insurance rates.
- Type of Premium: Renters insurance providers allow you to pay your premium in full at the beginning of the contract period or in monthly installments. Decide which you like better, but keep in mind that monthly installments may cost more than a single annual payment because companies add interest to monthly premiums.
- Roommates: Your roommates won’t be automatically included in your insurance policy, so you either have to add them onto your policy or have them purchase their own policy. Note: since most companies have personal property limits, and you and your roommates may have more belongings than can be covered under one policy, it may be a good idea to get two separate policies.
Frequently Asked Questions
What happens if you don’t have renters insurance in Texas?
If you don’t have renters insurance, you’ll pay for any accident that occurs to your rental or a neighbor’s rental. This includes damage to your belongings, liability claims, medical bills for guests, and temporary living expenses.
Does Texas renters insurance cover bed bugs?
No. Renters insurance will not cover damage from pests like bed bugs and termites. Check with your landlord and determine if they offer seasonal pest control services to prevent pests.
Is renters insurance for apartments, condos, and townhomes, and single-family homes in Texas different?
The overall policy should look the same with loss of use, medical payments, liability, and personal property coverage, but you will likely purchase different coverage amounts for each type of home. For example, if you live in a studio apartment, you’ll probably have fewer items to protect than if you lived in a single-family home.
Our Rating Methodology
