The place you rent is your home, and like a home, you want to protect it. Allstate renters insurance is not only reliable, but it's also affordable and may cost less than you think. Get peace of mind knowing you have quality coverage from a brand you can trust.
Similar to home insurance, renters insurance is a policy that protects you, your belongings and your living arrangements. It also usually includes other coverages such as family liability coverage, additional living expenses and guest medical coverage.
How much is renters insurance?
An Allstate rental policy has an average monthly price of about $16¹. If you also insure your car with Allstate, you can pay as little as $4* per month. Request a renters insurance quote from Allstate today.
What does renters insurance cover?
Renters insurance, also known as renter's insurance, protects you and your belongings.
- Covers electronics, clothing, bikes and more
- Protect against theft, whether at home or elsewhere
- Help cover vet bills if your dog bites another dog or legal bills if you're sued for an injury in your home
There are typically four different types of renters insurance coverage included in an Allstate policy: personal property, liability, guest medical expenses, and supplemental living expenses.
| Coverage | Example |
|---|---|
| Personal property protection covers the loss of your belongings if they're stolen or damaged both inside and outside of your home. | If your laptop was stolen from the coffee shop when you went to get a refill, your renters insurance can help you replace it. If a candle falls in your bedroom and starts a fire which damages your bed and clothes, your renters insurance can help you repair or replace what got damaged. |
| 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. |
Do I need renters insurance if my belongings aren't worth very much?
Even your smaller items, such as 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 you're not with you, 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 expenses, such as hotel stays, if the home you rent is uninhabitable after a fire or disaster other covered.
Renters insurance discounts
Although renters insurance is already affordable, there are many ways to save and lower your costs even further. Check out these renters insurance discounts offered by Allstate:
- Multi-policy discount
- Adding renters insurance to a standard Allstate auto policy can help you save.
- 55 and retirement deduction
- Are you enjoying your retirement? If you're not actively looking for full-time work, renters who are 55 or older can get up to 25% off their rate.
- Easy Pay Plan®
- It couldn't be easier to schedule your monthly payment from your account. Sign up for Allstate's Easy Pay plan and start saving.
How to compare renters insurance quotes
If you're looking for renters insurance quotes from multiple companies, it's important to choose the same coverages, limits, and deductibles for each quote so you can make an accurate comparison.
Does renters insurance cover theft?
Yes, renters insurance protects you and your belongings when you're at home and on the road. For example, consider when you leave your car in a parking lot. Personal items stolen from your car are not covered by your car policy; but they are covered by your renters policy.
Renters insurance helps replace stolen property, up to and including the coverage limit stated in your policy. Reimbursement for stolen items can be based on depreciation or the cost of replacing them, depending on the type of coverage you choose. Some valuables, such as expensive jewelry, may have more limited coverage under a standard renters insurance policy.
What information do I need to get a renters insurance quote?
To get a renters insurance quote, you'll need to know a few things. First, some personal information, such as your full name, date of birth, and the number of people living full-time in your home or apartment, is needed to help determine your coverage, deductible and policy costs. Second, any specific details about your home or apartment to help you get a more accurate quote. These details can relate to security features such as locks and fire extinguishers, your previous insurance history and extra protection for more expensive items such as computers and jewellery.
Doesn't my landlord policy cover my things?
No. Your landlord's insurance covers the structure of the building, but generally does not cover your personal belongings such as furniture, clothing and electronics. A rental policy will help you repair or replace your belongings if they are damaged by a covered peril (such as theft, fire, smoke and more).
Does renters insurance vary by state?
Yes, where you live can affect your renters insurance rates. The highest rates are generally in places that are at greater risk of severe weather such as hurricanes and tornadoes. For example, Alaska has the cheapest renters insurance rates, while Mississippi has the most expensive rates.
If my landlord required me to get coverage through them, is that the same as renters insurance?
No. This type of coverage or program usually only covers damage to the rental property itself for specific perils. It generally does not cover your personal belongings such as furniture, clothing and electronics. These programs are a way for property owners/managers to protect their assets, not yours.
