Your home should be a safe space where you feel protected, regardless of whether you own or rent it. You want to not only feel secure in the building's structure but also have peace of mind that your personal belongings are covered. That's where having the right renters insurance comes in.
Fortunately, it's easy to find quality renters insurance in your area with just a bit of guidance. For your convenience, we developed a proprietary scoring system to find the 10 best renters insurance companies. With the help of an independent insurance agent, you can shop with confidence.
Renters Insurance Statistics
Here are some quick stats about the renters insurance market before you start your journey of finding the right coverage for you.
- The renters insurance market is currently estimated at $4.1 billion.
- You can get a renters insurance quote in less than 5 minutes and a policy in less than 30 minutes.
- Insurance professionals recommend that you get at least 3-5 quotes before choosing a policy.
- The average cost of renters insurance is $148 per year, or around $12 per month.
No matter how fast the average policy is written, you can help speed up your process even further by enlisting the help of an independent insurance agent. They know which companies to recommend for renters insurance in your area and how to find the best rates.
How Our Renters Insurance Company Score Works
Our scoring system reflects what you, the consumer, are looking for. Most likely, you're searching for a company that’s easy to get in touch with if you have questions or a claim to file, keeps its coverage promises, and values its customers. That’s why we ranked over 200 insurance companies in these areas.
- Accessibility: Measures how easy each company is to communicate with. Companies with 24/7 claims reporting, a strong social media presence, and extended hours (beyond the typical 9-to-5) scored higher.
- Strength: Measures if a company trusts its reputation to speak for itself. Companies that work with independent insurance agents, have high financial security ratings, and have spent more than 20 years in business rank higher.
- Service: Measures how happy the company’s customers are with their coverage and service. We've collected rankings from around the web to create an accurate snapshot of which companies go above and beyond.
We’re not swayed by advertising dollars or under-the-table PR conversations. All the information we consider is publicly available on the internet. Our job was to collect it for you so you can make informed decisions about your renters insurance more easily.
| Top 10 Renters Insurance Carriers | Accessibility | Strength | Customer Satisfaction |
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| Travelers |
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| Allstate |
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| Country Financial |
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| Progressive |
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| Auto Owners |
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| Nationwide |
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| American Family |
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| Erie |
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| The Hanover |
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| USAA |
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What the Score Means
One of our goals is to recognize the companies going above and beyond, not just the ones failing to meet the mark. A total of 5 points (i.e., stars) are possible in each area, for a total of 15 points.
Here’s what each rating means in each area:
- 1 star: Average
- 2 stars: Above average
- 3 stars: Excellent
- 4 stars: Superior
- 5 stars: Perfect! This company earns the Trusted Choice Seal of Approval.
Get to Know Our Top 10 Renters Insurance Companies of 2025
1. Travelers
Travelers earned a perfect 5-5-5 score in the car, home, renters, and business insurance categories, making them our pick as the overall best renters insurance company of 2025. Travelers has one of the best websites in the insurance industry, an excellent reputation for customer service, and rock-solid financial strength.
Renters insurance policies from Travelers allow policyholders to have coverage for improvements or upgrades a landlord allows you to make to your rented home. Several discounts are also available, including for smart-home technology, sprinkler systems, and having multiple policies through Travelers.
Travelers even has an "A++" rating (i.e., the highest possible) from AM Best, the insurance industry’s leading credit rating agency. Even better, it sells its products exclusively through independent insurance agents.
The carrier was founded in 1853, making it one of the oldest companies on this list. It's also one of the largest, offering insurance in five countries with more than 30,000 employees dedicated to serving its customers.
2. Allstate
Allstate earned second place on our list thanks to its excellent website, app, discounts, and coverage options. Coverage from Allstate is also highly accessible to seniors, as retirees aged 55 and older can earn up to a 25% discount on renters insurance. The carrier also offers bundling discounts as well as autopay discounts.
Allstate is also one of the nation's largest insurance companies. The carrier works with independent insurance agents and has an excellent "A+" rating from AM Best for financial strength. The insurance company dates back to 1931.
The average cost of renters insurance from Allstate is $168 per year, or around $14 per month.
3. Country Financial
Country Financial earned third place on our list of the best renters insurance companies of 2025 for multiple reasons. The carrier has excellent customer feedback, fewer complaints than expected, and offers more coverage options than many competitors.
Renters insurance policies range from basic to premier packages, with varying amounts of coverage. Country Financial allows policyholders to customize their coverage by adding protection for power surges and broken antiques, for example. Valuable items, like musical instruments and engagement rings, can also be added to your coverage.
Country Financial was founded in 1925 and holds "A+" ratings from both AM Best and the Better Business Bureau (BBB). Note that coverage is not available in every state. The carrier is on the Fortune 1,000 list and offers 24/7 customer service and claims reporting.
The average cost of a renters insurance policy from Country Financial is $185 per year, or around $15 per month. This is higher than the national average.
4. Progressive
One of the most recognizable insurance companies in the U.S., Progressive landed fourth on our Top 10 list because of its extremely high AM Best rating of "A+" and 24/7 customer service. Progressive is known for speedy claims service and providing highly accessible insurance for many types of customers. The carrier also offers options to add protection for water backup to your coverage.
We also love that Progressive works with independent insurance agents to help you get the coverage you need. Today, they offer renters, car, home, business, and life insurance, along with a variety of niche products. The insurance company dates back to 1937.
5. Auto-Owners
This entry may surprise you due to the carrier's name, but Auto-Owners sells a variety of products, including renters insurance, and easily earns fifth place on our list. That's because the carrier lets policyholders upgrade a basic policy to a Renters Plus package to gain coverage for spoiled food, waterbed liability, and sewer and drain water backup. Coverage upgrades for personal belongings are also available and allow customers to get up to full replacement cost reimbursement after a covered claim.
Renters insurance is from Auto-Owners is also very affordable. The average cost for a policy is $136 per year, or around $11 per month.
Auto-Owners dates back to 1916 and is one of the nation's largest insurance companies. While coverage isn't available in every state, the carrier works with a large network of independent insurance agents. Auto-Owners has an "A++" rating from AM Best and an "A+" from the BBB. The carrier also offers 24/7 emergency claims reporting.
6. Nationwide
Nationwide is another practically perfect 5-5-4 runner-up. The carrier's superior online services, size, stability, and choice to work with independent insurance agents pushed them close to the top of our rankings for renters insurance.
Nationwide also allows policyholders to customize their coverage beyond what many other carriers offer, including options for credit card coverage and building addition/alteration coverage at no additional cost. The carrier offers discounts for smoke detectors, protective devices, multiple policies, and for being claim-free.
Nationwide is especially good if you’re looking for discounts, with potential savings clearly spelled out on its site. Its size and range of products let you mix and match coverage for maximum discounts and benefits. Nationwide is also rated "A+" by AM Best and dates back to 1926.
The cost of a renters insurance policy from Nationwide is $188 per year, on average, or around $16 per month.
7. American Family
American Family secured seventh place on our list due to its excellent customer feedback, user-friendly website and mobile app, and variety of coverage options and discounts. The carrier offers renters insurance discounts for bundling multiple policies, as well as generational discounts for policyholders aged 18 to 30 who also have parents insured with American Family.
The carrier's diminishing deductible grants a $100 credit toward your deductible if you add this coverage to your renters insurance policy. Upon each policy renewal, another $100 credit is applied, up to a maximum of $500.
American Family dates back to 1927. For a company of this size, the National Association of Insurance Commissioners (NAIC) notes fewer than expected complaints.
Note that renters insurance from American Family is only available in 19 states. The carrier has excellent "A" ratings by both AM Best and the Better Business Bureau. American Family also offers 24/7 claims reporting.
The average annual cost of renters insurance from American Family is $182, or $15 per month. That’s more expensive than the national average of $148 a year.
8. Erie Insurance
Erie ranked in our Top 10 thanks to its excellent service, access, and stability offered to customers. The carrier's website is impressive, offering online quotes, 24/7 claims reporting, and online payment options.
Erie also has extensive evening and weekend customer service hours and an exceptional "A+" rating from AM Best. The carrier allows renters insurance customers to add additional coverage for water backups, identity theft, and home-sharing.
Erie is a Fortune 500 company offering renters, car, life, business, and home insurance through thousands of independent agents nationwide. The carrier is a great choice if you’re looking to bundle multiple types of coverage, like home and car insurance, at a discount. Erie has outstanding customer feedback and offers coverage in 12 states and Washington, DC.
A typical renters insurance policy from Erie costs about $137 per year, or around $11 per month. This is less than the national average.
9. The Hanover
The ninth spot on our list goes to The Hanover. Renters insurance coverage options from The Hanover range from basic to premium.
The carrier's middle-tier policy, known as its "Select" package, offers extra coverage for spoiled food due to power outages and reimbursement for identity theft issues, as well as personal property replacement cost coverage.
The top-tier renters insurance policy from The Hanover is known as "Select Plus," which offers the perks of the other two packages as well as additional coverage for valuable items like firearms, jewelry, and more. The Select Plus package also waives the policyholder's deductible after a major disaster destroys at least half of their insured personal property.
The Hanover dates all the way back to 1852. The carrier holds an "A" rating from AM Best and an "A+" from the Better Business Bureau. The Hanover also offers 24/7 claims reporting. A wide variety of coverages is available, and the carrier has an excellent, user-friendly website. Note that coverage is not available in every state.
10. USAA
Rounding out our Top 10 list of the best renters insurance companies of 2025 is USAA. First, it's important to point out that USAA's renters insurance, as well as its other coverage, is only available to active and retired military and their families.
One major perk of renters insurance from USAA is the protection included for earthquakes and floods, which is not offered by most competitors, at least without paying an additional fee. Replacement cost coverage is also included as standard in USAA's renters insurance policies.
USAA dates all the way back to 1922, giving the carrier more than a century of experience in the industry. The carrier holds an "A++" rating from AM Best. USAA's website is highly user-friendly, and a mobile app is also available.
The average cost of a renters insurance policy from USAA is $142 per year, or around $12 per month.
Why Work With an Independent Insurance Agent to Find the Best Renters Insurance?
Independent insurance agents simplify the process by shopping and comparing renters insurance quotes for you. Not only that, but they’ll also clarify the fine print, so you know exactly what you’re getting. Independent insurance agents have access to multiple insurance companies, so they can shop and compare policies from many different carriers, ultimately finding you the best renters coverage and competitive pricing while working for you.
Sources
https://www.nerdwallet.com/article/insurance/best-renters-insurance
