How to buy renters insurance in the USA 2026
What is renters’ insurance?
Renting a place is like renting a house, so you need to protect it. Allstate tenant insurance is affordable, reliable and more affordable than you might think.
Renters insurance policies are similar to home insurance policies in that they protect your possessions and living space. They also include other coverages such as family liability, additional living expenses, and guest medical coverage.
Renters Insurance: How much is it?
Your monthly renters insurance premium is determined by a number of factors, including your location, your type of coverage, and the value of your belongings. Renters policies can be purchased for as little as $5/month.
Look at the different coverage options Allstate has to offer and choose the one that suits your needs best.
renters insurance quote today.
Renters insurance is for who?
Renters insurance can protect your possessions and living space in the event of an insured loss.
Renters Insurance: Get affordable coverage
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Coverage & policies
Allstate offers a variety of ways to protect renters.
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Discounts
Renters insurance: How to save money
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Claims
Allstate provides helpful information on how to file a claim for renters’ insurance.
What is covered by renters’ insurance?
- Buy electronics, clothing, bikes, and more
- Theft at home or abroad
- If your pet damages someone else’s property or injures another person, you may be liable for the costs of liability.
- You may be sued for injuries that occurred at your home and have to pay legal fees.
Allstate renters’ insurance offers four types: personal property, liability, medical expenses for guests and additional living costs.
| Coverage | You can also see our Example of a Good Way to Start |
|---|---|
| Protect your personal property protects your possessions in the event they are stolen or damaged, both inside and outside your home. |
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| Protect yourself from financial loss by using family liability protection if you are legally required to pay for the injuries of another or damages to their property. | What happens if, while visiting a friend at their home, you accidentally break the lens of their drone by sitting on it? You could get help paying for the repairs with this coverage. |
| Guest Medical Protection helps pay for medical bills if someone is injured at your home. | Imagine a situation where a guest at your home trips on the rug and falls. If you are found to be negligent, then you may be liable for paying the medical bills and wages of an injured person. |
| Additional Living Expenses reimburses you for the reasonable costs associated with staying elsewhere after a covered event renders your home inhabitable. | What would you do if your home was rendered uninhabitable by a house fire? The coverage can include reimbursements for hotel, food, and other expenses. |
What is the minimum amount of renters insurance I should get?
Think about the value of all your possessions, and what it would cost you to replace them. The amount of insurance coverage that is considered to be balanced should include:
- Personal belongings up to $25,000
- Liability of $100,000
Everyone’s situation differs. Some people may require more coverage while others may require less. Additional protection can be obtained by purchasing other policies, such as:
Do I need to get a quote for renters’ insurance if the value of my possessions is not very high?
If you need to replace all your items at once, even the smallest ones, such as your cookware, clothes and linens, can quickly add up. Renters insurance will also cover your possessions if they are stolen while not in your home, for example, in a car or storage unit.
Renters insurance may also cover liability if you, for instance, accidentally start a fire in your kitchen and are responsible for the repairs. A standard renters insurance policy includes additional living expenses coverage that can be used to cover increased living costs such as hotel rooms if your home is rendered uninhabitable due to a fire, flood, or other covered event.
Renters Insurance Discounts
Renters insurance can be affordable. However, there are ways to reduce the cost. Allstate offers a variety of discounts on renters insurance.
- Discount for Multi-Policy
Bundling Renters Insurance with an Allstate standard auto policy could save you money - Discount for 55-year-old retirees
Are you enjoying your retirement? Renters 55 and older can receive up to 25% off if they are not actively looking for full-time work. - Easy Payment Plan (rf)
It’s easy to schedule your monthly payment. Start saving with Allstate’s Easy Pay Plan. - Windstorm mitigation discounts
Florida homeowners who have installed wind-damage mitigation measures that protect their homes from wind and rain damage during hurricanes or other severe windstorms are eligible for this program. Wind-damage features can make your home safer, and save you money on your insurance policy. For these Florida discounts offered by Castle Key Insurance Company or Castle Key Indemnity Company wind mitigation features can be verified by a licensed inspector.
Compare renters insurance quotes
It’s important that you choose the same limits, coverages and deductibles when you request quotes for renters insurance from different companies. This will allow you to compare them accurately.
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Choose your coverage
Consider what additional coverages you would like to include.
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Consider your limit
Consider your own needs when selecting the limit that the insurer will pay out for a covered loss.
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Select your deductible
You may have to pay a deductible for certain coverages. Select the same deductible for every quote that you receive.
FAQ
Get started today with a quick quote.
Renters insurance can cover certain types of water damage but flood damage will not be covered. If your rental home is damaged in a hurricane, the damage from wind might be covered, but flood damage will not.
Renters insurance will protect you and your belongings when you’re at home or on the go. Consider the case where you park your car on a lot. Your auto insurance policy does not cover personal items stolen from your car. However, your renters’ policy will.
No. The insurance of your landlord covers the structure of the building but does not cover personal items like furniture, clothing, and electronics. Renters insurance will cover your belongings in the event of damage caused by covered perils (such as fire, theft, smoke, etc.)
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