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Updated Feb 13, 2025
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Powered by Coverage.com (NPN: 19966249)

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This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

Company J.D. Power rating AM Best rating
Allstate 639/1,000 A+ (Superior)
Erie 713/1,000 A+ (Superior)
Liberty Mutual 625/1,000 A (Excellent)
Lemonade* 682/1,000 Not rated
Nationwide 627/1,000 A (Excellent)
State Farm 679/1,000 A++ (Superior)
The Hartford 638/1,000 A+ (Superior)
USAA** 724/1,000 A++ (Superior)
*Not rated by AM Best, but rated A (Exceptional) by Demotech for financial stability **Not officially ranked by J.D. Power due to eligibility restrictions
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Pros

  • Access to other policy types for a multiple policy discount
  • Easy-to-use mobile app and online web portal for policy management
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Cons

  • Slightly lower J.D. Power score than the other companies on this list
  • No military or home security discounts
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Pros

  • Ability to work with a local insurance agent
  • Requesting a renters insurance quote seven days from policy start date could earn renters discounted coverage
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Cons

  • Limited state availability compared to other national carriers
  • Limited online process for getting quotes and filing claims
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Pros

  • Optional replacement cost coverage, meaning payouts for damaged personal belongings will not factor in depreciation
  • With blanket jewelry protection, renters have one set amount to cover their jewelry with no need for appraisal or deductible after a covered loss
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Cons

  • Below-average customer satisfaction rating from J.D. Power for renters insurance
  • Coverage might not be as extensive as other providers offer
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Pros

  • Simple mobile app interface for all your insurance needs
  • Policies can be started in 90 seconds and claims paid out in as little as three minutes, according to Lemonade
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Cons

  • Renters insurance is only available in 28 states and Washington, D.C.
  • No physical agency locations
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Pros

  • May get a bundling discount for purchasing renters and auto
  • Optional coverage add-ons could make for a robust renters policy
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Cons

  • May be more expensive than average
  • Customer service is not 24/7
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Pros

  • Excellent customer satisfaction and financial strength ratings from third-party agencies
  • Knowledgeable local agents to help you with your insurance journey
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Cons

  • Fewer discount opportunities compared to other carriers
  • Limited options for add-ons
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Pros

  • Extensive coverage options are included in standard policies
  • If moving or deployed overseas, personal belongings would be insured with overseas coverage
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Cons

  • Not available to the general public
  • Can only do business over the phone or online, no local offices
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Pros

  • May get a bundling discount for purchasing renters and auto
  • Optional coverage add-on could help make for a robust renters policy
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Cons

  • Must meet eligibility criteria to qualify for coverage
  • Customer service is not 24/7
I compared a couple of quotes for renters insurance but ended up just purchasing coverage from the same company that writes my auto insurance. The bundling discount and ease of managing both policies in the same place outweighed the potential to save a couple bucks each month with a slightly cheaper company. — Amelia Buckley, Bankrate Insurance Editor
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Powered by Coverage.com (NPN: 19966249)

Advertising disclosure
This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

Written by
Natalie Todoroff
Writer, Insurance
Natalie Todoroff is an insurance writer and industry analyst for Bankrate. She is based in San Francisco and holds a personal lines insurance license.
Edited by Editor, Insurance
Reviewed by Senior wealth advisor at Versant Capital Management