Best Renters Insurance in Texas (2024)
Amica is the best renters insurance company in Texas.
- Lemonade charges the cheapest renters insurance rates in the state.
- Assurant has the best coverage options.
- Progressive offers the best discounts.
Cheapest renters insurance companies in Texas
Amica is close behind, with an average rate of $16 a month, according to our data.
Allstate and State Farm also offer affordable renters insurance that’s cheaper than the state average rate of $20 a month.
| Company | Monthly rate | Annual rate |
|---|---|---|
| Lemonade | $14 | $168 |
| Amica | $16 | $192 |
| Allstate | $18 | $216 |
| State Farm | $18 | $216 |
| State average | $20 | $240 |
| Progressive | $24 | $288 |
| Farmers | $24 | $288 |
| Assurant | $25 | $300 |
To find the best and cheapest insurance for your rental home, compare renters insurance quotes from several companies before you buy or renew a policy.
Best renters insurance companies in Texas
Amica is our pick for best renters insurance company in Texas, but three other companies are also worth a look depending on your needs.
Lemonade charges low rates, while Progressive offers great discounts and Assurant has many coverage options.
Best overall company: Amica
At $16 a month, Amica’s average rate is only $2 a month more than that of the state’s cheapest company, Lemonade.
Along with affordable rates, Amica offers more renters insurance discounts and add-on coverage options than almost all of the other companies we surveyed in Texas.
| Pros | Cons |
|---|---|
Second-lowest renters insurance rates in Texas. Has more discounts than most other companies. Offers several optional coverages. | Not rated by J.D. Power, so customer satisfaction is a question mark. |
Best for cheap rates: Lemonade
This is 13% lower than the next-cheapest company, Amica. And it’s 30% cheaper than the state average renters insurance rate of $20 a month.
Lemonade also stands out for having the highest J.D. Power customer satisfaction rating of the Texas renters insurance companies we surveyed.
| Pros | Cons |
|---|---|
Cheapest renters insurance rates in Texas. Highest customer satisfaction rating of companies surveyed. | Doesn’t offer many coverage options. Few discounts. |
Best discounts: Progressive
You may be able to make Progressive’s rate a lot cheaper if you qualify for one or more of its many discounts, though.
Progressive customers can get renters insurance discounts if they:
- Bundle an auto, motorcycle, boat or RV policy with your renters coverage
- Get a quote from Progressive at least three days before your policy starts
- Live in a gated or secured community
- Pay for their policy up front and in full
- Receive bills and policy info electronically
| Pros | Cons |
|---|---|
Offers more discounts than any other company we surveyed in the state. Average rate is higher than most competitors, but is still affordable. | Customer satisfaction rating is worse than the average. Only offers a few add-on coverages. |
Best coverage options: Assurant
It offers more add-on coverages than any other company we surveyed in the state, and also offers some nice standard coverages.
You can add these optional coverages when you buy a renters insurance policy from Assurant:
- Scheduled personal property
- Rent protection
- Water sewer backup
- Pet damage
- Earthquake
- Identity fraud expense
Assurant’s standard renters insurance policy covers possessions that dry rot, fungi or mold damage or destroy. Depending on where you live, it may also cover bed bugs, food spoilage and added living expenses tied to flooding.
| Pros | Cons |
|---|---|
Offers more add-on coverages than any other company we surveyed. Even a standard policy provides broad coverage. | Average renters insurance rate is higher than any other company we reviewed. Not rated by J.D. Power, so customer satisfaction is unknown. |
How much is renters insurance in Texas?
The exact amount you pay for Texas renters insurance may be more or less than the state average because of things like:
- Types and amounts of coverage you buy
- Deductible you choose
- Value of your belongings
- Where you live in the state
Texas renters insurance cost by city
Renters in Austin and Plano pay the cheapest renters insurance rates among Texas’ largest cities. The average cost of renters coverage in both cities is $17 a month.
Houston is the most expensive city in Texas for renters insurance. Its average rate is $25 a month. That’s 47% higher than the average in Plano or Austin.
| City | Monthly rate | Annual rate |
|---|---|---|
| Arlington | $20 | $240 |
| Austin | $17 | $204 |
| Corpus Christi | $23 | $276 |
| Dallas | $20 | $240 |
| El Paso | $18 | $216 |
| Fort Worth | $21 | $252 |
| Houston | $25 | $300 |
| Lubbock | $20 | $240 |
| Plano | $17 | $204 |
| San Antonio | $23 | $276 |
What does renters insurance cover in Texas?
Additional living expenses
Also called loss of use coverage, this can help pay some of the extra expenses that come up if your rental home is damaged and you need to relocate for a while. It can cover:
- Higher food, laundry and transportation bills
- Hotel costs
- Moving fees
- Pet boarding
- Storage rental
Personal liability
This coverage can protect you if someone is injured or their belongings are damaged while visiting your home. This can include legal fees and court costs.
Personal property
The personal property portion of a renters insurance policy covers all of your belongings or possessions. This may include:
- Artwork
- Clothing
- Jewelry
- Electronics
- Furniture
If events like fire, lightning, theft or vandalism damage or destroy any of these things, your policy will pay to repair or replace them.
Do I need renters insurance in Texas?
Landlords can require renters insurance as part of a rental or lease agreement in Texas and in most other states.
Buying renters insurance is a good idea even if your landlord doesn’t require it.
- It protects you against liability claims if you damage the building or if someone is injured while visiting your home.
- It covers your possessions – including clothing, electronics and furniture – from damage or destruction. Your landlord’s insurance policy won’t cover these items.
Frequently asked questions
The average cost of renters insurance in Texas is $20 a month, or $240 a year.
You might pay more or less than this amount based on things like where you live and how much stuff you own and want to protect.
Lemonade has Texas’ cheapest renters insurance, charging an average rate of $14 a month, or $168 a year.
You should buy enough renters insurance to at least protect your personal belongings and assets.
To decide how much renters insurance coverage you need to protect your belongings, create an inventory that includes the estimated value of each item.
To calculate how much coverage you need to protect your assets, add up the value of your possessions (including big ones like your car), your savings and even things like retirement accounts.