Texas Renters Insurance: Get a Quote (2024)

FAQs

What's the average renters insurance cost in Texas? ›

The Cost of Renters Insurance in Texas

According to data collected by Quadrant Information Services in 2023, renters insurance costs $158 per year or $13 per month on average in the state of Texas.

Based on our national cost data, State Farm offers the lowest overall premiums for renters insurance at around $10.50 per month. State Farm also performed well in our other rating categories, such as customer support availability, available communication channels and brand authority.

Is renters insurance required in Texas? While renters insurance is not required by law in Texas, some landlords may require it for you to live in their building. It's generally a good idea to have at least some form of coverage as your landlord's insurance won't cover any damage to your personal property.

Are you looking for Texas renters insurance? A renters insurance quote from the GEICO Insurance Agency can help protect you and your possessions. If you're renting a house in Dallas, San Antonio, or anywhere else in Texas, renters insurance can help protect your possessions if they're damaged or stolen.

Lemonade is an affordable insurance provider partially because it does not maintain a network of in-person locations like some of its competitors. It also uses largely AI-based underwriting processes, which can lead to savings on operations on staffing costs.

In most cases, yes, your insurance premiums will increase after filing a renters claim. As it recalculates your premiums in the wake of a claim, your insurance company will generally consider the type, amount and frequency of claims. The more often you file claims, the riskier you are to insure.

Your claims history

Filing a renters insurance claim often causes your premium to go up. A California renter with a recent theft claim would pay nearly 59% more for their insurance than someone with no recent claims, according to NerdWallet's rate analysis.

Renters insurance is relatively inexpensive. According to NerdWallet, the average renters policy costs about $15 per month for up to $30,000 in personal property coverage. That's solid coverage for less than the cost of a few cups of coffee a week.

Renters insurance coverage is almost always worth it. It is much more affordable than other policies, including home or auto insurance, and provides valuable financial protection. Even if you can save enough money to cover unexpected loss, renters insurance may be worthwhile.

Requiring renters insurance in a lease benefits landlords by reducing their liability and preventing them from paying for damages. Renters insurance also takes care of relocation costs, helps landlords determine which tenant is reliable and makes it easier to accommodate tenants with pets.

How much is landlord insurance in Texas? ›

The average cost of landlord insurance in Texas is $3,648 per year. Farmers, State Farm, and Allstate all offer landlord insurance in Texas.

Just like any other state, if you live in Texas, renters insurance protects your personal belongings from things like fire and smoke, vandalism and theft, and some natural disasters too. It also protects you financially if a visitor to your home gets injured and takes legal action.

How much is renters insurance in Texas? The average cost of renters insurance in Texas is $173 a year, or about $14 a month. That's about 17% more than the national average of $148 a year. In most U.S. states, including Texas, many insurers use your credit-based insurance score to help set rates.

We at the Guides Home Team found that Lemonade stands out as one of the best homeowners insurance companies in the industry for its unique claim-filing process that uses a mobile app with artificial intelligence (AI) technology to process information and make payouts to homeowners seamlessly and hassle-free.

Insurers look closely at the property crime rate in your area, which affects your likelihood of filing a claim for stolen property. Your risk of natural disasters, such as tornadoes or hurricanes, also affects your cost of coverage.

Simply put, 80/20 coinsurance means your insurance company pays 80% of the total bill, and you pay the other 20%. Remember, this applies after you've paid your deductible.

Personal liability insurance coverage for renters typically starts at $100,000, which means your renters insurance company will pay up to $100,000 in legal fees, medical expenses, or damages per liability claim.