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The Best Cheap Renters Insurance in Texas (2022)

Updated Dec 6, 2022

Updated Dec 6, 2022

Home > Renters Insurance > The Best Cheap Renters Insurance in Texas (2022)

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Texas has great rental properties all throughout the state. However, living in one of these properties without the proper rental insurance in place could leave you with thousands of dollars in liability, personal property, or additional living expense costs. The good news is that renters insurance coverage in Texas does not have to be incredibly expensive. We have put together the best cheap renters insurance in Texas to help you secure a plan today.

Any providers below can help you get the renter coverage you need. Contact them for a free quote.

The Best Affordable Renters Insurance Companies in Texas

Renters’ insurance quotes can change from month to month. Depending on where you live, the coverages you choose, and a whole host of other factors, renters insurance pricing rarely stays the same for long. However, as of October 2022, these are the cheapest renters policy options in Texas that also do a great job protecting you and your personal belongings.

CompanyLemonadeGeicoState FarmAmicaAllstate
Compare QuotesGet a quoteGet a quoteGet a quoteGet a quoteGet a quote
Our TakeQuickest Claims ProcessBest Customer ServiceBest Personal Property CoverageBest ReviewsBest For Combined Plans
Average Monthly Premium$12$17$18$16$17
Savings vs. Average$30+1$10
House Method Star Rating4.94.74.54.34.8

Lemonade (Quickest Claims Process)

Quickest Claims Process
Lemonade
  • Easy-to-use mobile app and interface
  • Customizable coverage options
  • Fairly painless claims process

Lemonade has the quickest claims process in the industry, but it also helps you save the most money on your renter’s insurance. With Lemonade, you can have an online quote in a matter of minutes and start your policy today. Lemonade is a relatively newer company with six years in the industry, but they offer full coverage across the Lone Star State.

Lemonade will cover things like theft, water backup damage, and fire. In addition, there are options for medical expenses and personal liability to be covered in the policy. Texas is known to experience certain weather events like tornadoes and wind storms, but you will have to check the details of the extra coverage you choose to ensure this is a covered loss.

Why We Chose Lemonade

We chose Lemonade because it’s one of the easiest rental companies for Texas residents to work with. If you are frustrated by having to even search through renters insurance rates, Lemonade makes the process painless. With coverage amounts starting as low as $15,000 and extending up over $50,000, the Lemonade plan is one that Texas residents are happy they have in place.

This company gets things done fast, and your money can sometimes come back to you the same day your claim is accepted. Lemonade is starting to offer auto policy options across the country; combining your auto and renters, could save you even more.

Pros and Cons of Lemonade

Pros

  • Low cost, cheaper than the average
  • Easy to get a quote
  • Has options for additional liability coverage
  • Available across the entire state

Cons

  • Complaints about customer service
  • Not as well known as something like State Farm or Allstate

Cost

$12 per month

Geico (Best Customer Service)

Most Accessible Customer Service Reps
Geico
  • Local insurance partners offer numerous coverage options
  • Discounts for existing auto policy holders
  • Available in all 50 states

Some companies pride themselves on being inexpensive others look for a mix of benefits to attract a customer. Geico does a tremendous job of combining customer service with fair prices. Geico allows renters to speak to a friendly representative whenever they need to, but dealing with the day-to-day policy is incredibly easy to do on the Geico website.

Although there are plenty of Geico discounts to choose from, the best is the early pay discount. This is something they offer for home insurance and auto as well. Essentially you will be able to pay upfront for the year and save quite a large percentage. Choose Geico for peace of mind about your rental and easy people to work with.

Why We Chose Geico

The Geico website makes it easy to deal with your policies, make payments, and even make changes or additions to the plan. It’s great to be able to see what adding extra liability insurance or medical bills coverage to a policy would look like from a cost perspective. Geico seems to be upfront about any exclusions the policy might have or coverage limits you should be aware of

Pros and Cons of Geico

Pros

  • Lower costs are available if you pay in full
  • Easy to manage policy
  • Friendly and helpful agents

Cons

  • Won’t always be the cheapest of the policies

Cost

$17 per month

State Farm (Best Personal Property Coverage)

Most Comprehensive Personal Property Coverage
State Farm
  • Offers business and residential renter’s policies
  • Inflation-adjusted coverage provided for personal property
  • Available in 48 states and Washington D.C.

State Farm is the best renters insurance in Texas for personal property coverage. Every State Farm plan comes with coverage for replacement costs. Many policies will offer actual cash value coverage, and this is a bit more difficult should you need to file a claim. With State Farm, even that couch you bought 5 years ago will be replaced (Without depreciation) in the case of a fire or theft.

Many Texas residents think that the State Farm policies are the more expensive options on the market. However, when you combine State Farm renters with life insurance or auto insurance, you can save hundreds of dollars a year. In addition, it’s essential to consider the value of this plan with the replacement cost included.

Why We Chose State Farm

In addition to offering nationwide coverage, options for additional living expenses, and higher policy limits, State Farm also has a local presence in the Texas area. If you are still interested in meeting with a representative and talking through the costs of the plan, you can easily do that in Texas.

State Farm does have the option to add cyber-attacks to your policy. If this is something you have been concerned with in the past, make sure to enquire when you speak with a representative.

Pros and Cons of State Farm

Pros

  • All coverage features replacement cost
  • Well-known brand with great customer service
  • Local presence throughout the state
  • Options for identity theft and cyber attack coverage

Cons

  • Add-ons can be expensive
  • Sometimes deductibles are higher with State Farm

Cost

$18 a month

Amica (Best Reviews)

Amica is a very highly rated renters insurance program across the state of Texas. If you are concerned with how a claim will be handled or have read some insurance reviews that negatively impacted another company, Amica may be one to consider.

In addition to offering fair pricing, Amica is known for having great value in its policies. Getting a quote is simple and easy. The only thing you may have to watch out for here is that the types of coverage seem to be a bit more limited. The company may have simplified the policy a bit to make it cheaper and easier to deal with. Check the coverages to make sure it is a good fit for you.

Why We Chose Amica Renters Insurance

What other customers think about a renters insurance policy is so important. Suppose they find that the policy is difficult to work with or does not properly manage their claims; it’s hard to start investing in the plan. You will know that a headache is coming your way.

With the reviews on Amica Renter’s insurance in Texas, you can feel a bit more at ease about how any potential problems will be handled.

Pros and Cons of Amica Renters Insurance

Pros

  • Very fair pricing
  • Known to have strong customer service
  • Bundle savings options

Cons

  • Limited coverages and extras available to choose from

Cost

$16 per month

Allstate (Best For Combined Savings)

Allstate Renters Insurance

With Allstate being one of the most well-known auto insurance providers in the Texas area, you may be able to add your renter’s insurance directly to your car insurance or even life insurance plan. Allstate has some solid options for bundling your insurance. In Texas, flood insurance is something to consider, and Allstate has options to help you secure a flood policy as well.

Another great benefit of Allstate is that there are local agents that can help you with policy issues. In fact, sometimes reaching out to these agents about potential savings and opportunities for other insurance coverages in your life could help you save quite a bit of money.

Why We Chose Allstate

Allstate has a really strong reputation. If you are loyal to them and use the company for your insurance needs, they take care of you regarding the overall costs of the plan. Having the ability to talk through issues with a knowledgeable and intelligent Allstate agent is a tremendous part of this process. Allstate agents have to go through years of training to earn a spot at the company; you will be glad you did when you file a renters insurance claim.

Pros and Cons of Allstate

Pros

  • Very easy company to work with
  • Quote within a matter of minutes
  • Knowledgeable agents to help you with your policy
  • Opportunities to save large percentages with bundling

Cons

  • Initial pricing is a bit higher than companies like Lemonade

Cost

$17 per month

Compare the Best Renters Insurance Companies in Texas

Now that you have a better understanding of the best cheap renters insurance in Texas, you may be curious as to what a little more money will get you to ensure the best renters insurance companies in Texas. The good news is that most of the companies on our cheap list will also be considered some of the best in the state. It’s essential to learn to compare coverages from one company to another so that you have the best knowledge of what you are getting.

CompanyState FarmAllstateTravelersThe HartfordFarmersGeico
Compare QuotesGet a quoteGet a quoteGet a quoteGet a quoteGet a quoteGet a quote
Our TakeBest PersonalProperty CoverageBest For Combined PlansBest OverallBest For Valuable ItemsMost Well Rounded CoverageBest Customer Service
Average Monthly Premium$18$17$16$24.50$25$17
Savings vs. Average+10$1+7.50+80
House Method Star Rating4.54.854.74.84.7

How Much is Renters Insurance in Texas?

Renters’ insurance in Texas is around $204 a year or $17 per month. The national average fluctuates between $15 and $17, so Texas is right in the mix with the numbers that it charges for renters. There are some difficult weather events in Texas that can increase the costs but remember that things like hurricanes are probably not covered as part of a standard renters insurance policy. If you have not had your renter’s insurance policy quoted in the last few years, it’s a good idea to see if there are any new savings you are eligible for.

Renter’s Insurance Costs in Popular Texas Cities

Some areas of Texas are more prone to water damage or theft. If you live along the gulf, you may experience higher rates than in an area that is a bit more landlocked and protected. Here re some of the averages across popular cities in the state of Texas.

  • Houston ($18)
  • Dallas ($15)
  • San Antonio ($15)
  • Austin ($14)
  • El Paso ($14)
  • Texarkana ($16)

Who Offers the Cheapest Renters Insurance in Texas?

The cheapest renters insurance in Texas is offered through Lemonade; these policies start at around $12 per month. The $12 per month policy may be a little limited, but it will still have a mix of property damage coverage and liability. Lemonade is a relatively new company, and they do not have local agents. If you experience a claim that is complicated, it can be a bit difficult to use the online system to submit it. However, once your claim is submitted, it can be approved incredibly quickly, with money reaching your account the same day at times.

CompanyOur RatingMonthly Renters Insurance Premium
Lemonade4.9/5$12
Geico4.7/5$17
State Farm4.5/5$18
Travelers4.3/5$17
Allstate 4.8/5$17

Factors that Impact Renter’s Insurance Premiums in Texas

Renters’ insurance premiums not only vary in price from one apartment or rental to another, but they can also change from one area of the state to another. In addition, there are risk levels based on what you have in your home and even some additions that landlords have made to the property. Here are things that may impact your renter’s insurance premiums in Texas.

Location and Home Risk Level

The highest risk level for Texas renters is typically theft and fire; however, flood also comes into play. Flood is not something covered under a typical renters insurance program, so you will need to include that in any additions you include on your policy. For those that live in high-crime areas, it may be important to increase the personal property coverage to ensure everything is included in the plan. Experiencing vandalism is stressful enough, don’t wait to find out you don’t have enough coverage.

The best coverage for a fair price is the ultimate goal of any renters insurance plan, and sometimes it takes getting a few quotes to find that.

Claims Record

Having a claim that you filed within the last few years can significantly impact the cost of your renter’s insurance. The claims record impacts everything from auto insurance to landlord’s insurance to homeowners insurance.

If you are filing a claim for a minimal amount, maybe think about skipping it so it won’t count against you. In addition, some companies have forgiveness when it comes to past claims, so that is something to look into as well.

Credit Score

An excellent credit score will help you save money on your renter’s insurance in Texas. All of the rates that you see advertised are for those with great credit. If you have credit issues, expect the pricing to be considerably higher. Sometimes, a poor credit rating can cost you more than $10 per month for your renter’s insurance.

If you have a change in credit score, be sure to reach out to your local representative and see if you can save some money on your renewal.

Coverages, Deductibles, & Discounts

Most renters insurance policies have coverage options that start around $15,000 for personal property and go up over $100,000. Most renters choose a policy with around $30,000 in coverage. This is a good mix of protection mixed with fair value.

The amount of coverage you choose should also depend on how much personal property you have. You can use a personal property calculation to ensure you have chosen the proper amount.

Remember that deductibles are also part of the renter’s insurance plan. A higher deductible policy will be less expensive, but you will pay more out of pocket should you need coverage. Discounts can be available based on age, credit, insurance history, military involvement, etc.

What Does Texas Renters Insurance Cover?

Every renter’s policy in Texas will offer different coverage options. However, most basic policies will cover the following:

  • Personal property
  • Loss of Use
  • Liability Protection
  • Medical Protection

It’s essential to keep in mind that your roommates may or may not be covered under your renter’s insurance policy. Also, hurricane coverage does not typically come standard as part of this plan, so you will need to consider adding that if you live in areas prone to tropical storms and hurricanes.

Considerations for Renters Insurance in Texas

When purchasing renters insurance in Texas, there are a few things that you should consider before you finalize the policy.

Texas Department of Insurance

The Texas Department of Insurance is in charge of all insurance in Texas. For those concerned about a company’s history or want to be sure the pricing they’re offered is fair, the Texas Department of insurance can help. This institute is in place to help protect you as homeowners.

Personal Property Calculator

Some renters undervalue their belongings and find this out at the worst possible time. Make sure you know exactly what you have in the rental so you can benefit from the coverage. If you undervalue your coverage, expect to pay less monthly, but that won’t help when you need it the most.

Hurricanes and Floods

Hurricanes and floods are not covered under a typical Texas renters insurance policy. However, they are two of the more common claims in the state. If you are worried about what would happen to your belongings in the case of a hurricane or flood, be sure to see if there are additional policies you can add.

Final Verdict: Which Texas Renters Insurance Company is the Best?

The best Texas renters insurance company is Lemonade for those looking to save money and get their claims filed easily. The sign up process with Lemonade is incredibly easy, and there are several different price options you can choose from. For a mix of great coverage with great pricing, this is an insurance company to consider.

Get a free quote from any of the providers below to start getting coverage.

Frequently Asked Questions

What is the average cost of renters insurance in Texas?

The average cost of renters insurance in Texas is around $17 per month. The prices can go up and down based on the individual coverages you choose for your plan. The $17 a month is a little higher than average across the rest of the country.

What are the 3 major parts of renters insurance?

The 3 significant parts of renters insurance are personal possessions, liability, and additional living expenses.

What is not covered by renters insurance in Texas?

In Texas, renters, insurance may or may not cover expensive jewelry, a business being operated in the rental, hurricanes, or floods.

Can you have two renters insurance policies in Texas?

You can have two renters insurance policies in Texas, but it won’t double your coverage. Instead, one policy will be used when you file a claim. Therefore it makes sense to purchase one policy and pay for any extras that you need.

Is renters insurance required in Texas?

Renters’ insurance may or may not be required in Texas. However, most landlords will want you to have a policy in place as you sign the lease. Make sure to consider this as an added expense if this is a new rental for you.

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