Travelers insurance covers personal belongings, medical payments, personal liability, property renovations, water damage, additional living expenses if the unit becomes inhabitable, and more. Policyholders can expect to pay around $17 a month for their renters insurance.
Nationwide renters insurance provides coverage for stolen credit cards, personal belongings, building additions and alterations, reimbursement for additional living expenses, personal liability, medical expenses, and more. On average, policies cost between $15 to $20 a month.
A standard Allstate renters insurance policy covers personal property, personal liability (if you damage someone else’s property and are found responsible for the same), and additional living expenses for around $16 a month.
The basic plan from State Farm renters insurance includes damage to personal property, loss of use, and liability coverage for roughly $15 a month. You can also get add-ons under additional coverage plans, though your premium will increase.
The standard plan from Farmers covers personal property, medical payments, liability coverage, and additional living expenses for around $17 a month. Farmers is one of the biggest insurance companies, offering meaningful discounts for bundling products such as home insurance and auto insurance.
A renters policy from USAA is provided for military members, veterans, their spouses, and children for as little as $10 a month. With USAA, you’ll get earthquake insurance coverage in a standard renters policy, along with personal liability, medical payments, and additional living expenses.
Under Lemonade’s renters insurance, you’ll get coverage for personal property damaged due to fire, hail, windstorms, vandalism, smoke, lightning, and similar conditions. Plus, they offer loss of use coverage and personal liability coverage for as low as $5 a month.
The standard renters policy at Liberty Mutual provides renters with personal property coverage, coverage for a guest’s medical bills, liability coverage, additional living cost, and repair and replacement cost coverage for damage to someone else’s property because of an accident in your property. Premiums start at $5 a month based on coverage level.
Note: All rates were gathered from the insurance carrier website in June 2022 and are subject to change.