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Overview of renters insurance
Protect what you own, from laptops and bikes to furniture and clothing, with Allstate® renters insurance. Coverage includes personal property, liability, guest medical and additional living expenses for losses like fire or theft.
What is renters insurance?
The place you rent is your home, and like a home, you want it protected. Allstate renters insurance, also known as tenant insurance, is reliable, affordable and can cost less than you think.
Renters insurance policies, like home insurance policies, protect your belongings and your living space and typically includes other coverages like family liability coverage, additional living expenses and guest medical protection.
How much does renters insurance?
Location, type of coverage, the value of your possessions and other factors determine your monthly renters policy premium (or payment). The average premium for a renters policy is as low as $5/month.
Take a look at the coverage options Allstate offers and find the one that best fits your needs.
Who is renters insurance for?
Learn about affordable renters insurance
What does renters insurance cover?
- Electronics, clothes, bikes and more
- Theft, either at home or elsewhere
- Liability costs if your pet injures someone else or damages their property
- Legal bills if you’re sued for an injury at your place
Personal property, liability, guest medical and additional living expenses are the four types of renters insurance Allstate offers.
| Coverage | Example |
|---|---|
Personal property protection covers the loss of your belongings if they're stolen or damaged both inside and outside of your home. |
|
Family liability protection can help protect you from financial loss if you're legally obligated to pay for another person's injuries or damage to another person's property. |
What if you are over at a friend's house and accidentally sit on their brand-new drone, breaking the camera lens? This coverage could help you pay for the repair. |
Guest medical protection can help pay medical expenses for someone injured in an accident at your house. |
Let's say a guest in your residence trips over the rug in your living room and it causes him to fall. You may be found negligent and, therefore, be legally responsible to pay for the injured person's medical bill and lost wages. |
Additional living expenses helps reimburse you for reasonable costs of staying somewhere else after a covered loss renders your home uninhabitable. |
What if a fire in your home caused your house to be uninhabitable? This coverage may include payments for the cost of hotel, food and other expenses. |
Understanding renters insurance
Watch this video about renters insurance to learn more about what’s typically included in a renters policy, such as property coverage, guest medical coverage, family liability coverage, and additional living expenses.
How much renters insurance should I get?
Consider the total value of your possessions and how much it would cost to replace them. A well-balanced amount of coverage is:
- $25,000 for personal belongings
- $100,000 for liability
However, everyone’s situation is different. Some may need more coverage, and some may need less. Consider other policies for additional protection such as:
Should I get a renters insurance quote if my belongings aren't worth very much?
Even your smallest items, like your clothes, linens and cookware, can add up quickly if you have to replace them all at once. Plus, renters insurance can help provide coverage if your belongings are stolen when they’re not at your place, such as in a storage unit or in your car.
Renters insurance can also provide liability coverage if, for example, you accidentally cause a kitchen fire and are financially responsible for repairs. Additional living expense coverage, which also comes with a standard renters policy, can help pay for increased living costs, such as hotel stays, if the home you rent is uninhabitable after a fire or other covered risk.
Save with our renters insurance discounts
Though renters insurance is already affordable, there are many ways to save and get your costs down even further. Check out these renters insurance discounts offered by Allstate:
- Multi-policy discount
Bundling renters insurance with a standard Allstate auto policy can help you save - 55 and retired discount
Enjoying your retirement? If you're not actively seeking full-time employment, renters who are 55 years old or over can get up to 25% off their premium.¹ - Easy Pay Plan®
Scheduling your monthly payment from your account could not be easier. Enroll in Allstate’s Easy Pay Plan and start saving. - Windstorm mitigation discounts
Available for Florida homes that have documented wind-damage mitigation features, which protect against wind and rain damage present in hurricanes and other severe windstorms. Wind-damage mitigation features make your home safer and can yield significant savings on your property insurance policy. To qualify for these Florida discounts available from Castle Key Insurance Company and Castle Key Indemnity Company, wind mitigation features may be verified through a licensed inspector or licensed general contractor.
How to compare renters insurance quotes
Choose your coverage
Take a look at the types of coverage included in the standard policy and consider what other coverages you want to add.Consider your limit
When selecting a limit, the maximum amount the insurer will pay for a covered claim, consider your personal needs.Select your deductible
Some coverages come with a deductible, which is the amount you'll pay toward a claim. Be sure to select the same deductible on each coverage for each renters insurance quote you get.
Renter insurance questions
You can get started with a quick and easy quote today.
While renters insurance may help cover some types of water damage, it's important to note that flood damage is not covered. For instance, if your rented home is damaged by a hurricane, damage caused by wind may be covered while flood-related damage would likely not be covered.
You may be able to purchase a separate renters insurance policy through the National Flood Insurance Program to help cover your belongings if they are damaged in a flood, the Federal Emergency Management Agency (FEMA) says.
For specifics on what is and is not covered, review your renters insurance policy.
Yes, renters insurance protects you and your stuff when you are at home and on-the-go. For example, think about when you leave your car in a parking lot. Personal objects stolen out of your car are not covered under your auto policy; but they are covered under your renters policy.
Renters insurance helps pay to replace stolen belongings, up to the coverage limit stated in your policy. Reimbursement for stolen items may be based on their depreciated value or replacement cost, depending on what type of coverage you select. Certain valuables, such as expensive jewelry, may have more limited coverage under a standard renters insurance policy.