Best and Cheapest Renters Insurance in Texas for 2024
Best renters insurance Texas
The importance of renters insurance isn't as obvious as the importance of car or homeowners insurance. Many renters assume their personal items will be covered under their landlord's insurance if they experience a peril in their Texas apartment. But that's actually not true. While your landlord's insurance covers the structure of the building you're living in, you'll need renters insurance if you want personal property coverage for the items you bring into the apartment. This would include your TV, furniture, clothes — though you'll want to double check what's included. Sometimes things such as musical instruments need some sort of addendum to the policy.
Liability issues also aren't covered without renters insurance but can be incredibly important when it comes to covering medical expenses of anyone injured on your rented property. Liability coverage may also be something to consider adding to your renters policy. Think of it like purchasing an auto policy — you have choices on what you want covered. If you're not worried about covering someone's medical bills, you may not choose liability as an extra coverage on your policy.
So if you want to ensure you're properly covered while renting, it's important to find one of the best Texas renters insurance companies. Shopping around can be one of the greatest ways to end up saving money, though there are various ways that a renter could cut costs. But where do you start? In the table above, you can sort through all the renter's insurance companies ranked on Clearsurance. The rating next to each company the insurer's Clearsurance score is based exclusively on the thousands of ratings provided by customers.
Note: Only those companies with at least 25 renters insurance reviews are eligible to appear in the best Texas renters insurance rankings.
It is important to know as much as you can about your renter's insurance company before taking out a policy with them. Talking to a local, experienced insurance agent can help answer any questions you may have. Some questions to consider asking include, "What is the average cost for your renter's insurance coverage?" "Does my policy cover things such as water damage and bodily injury?" and "What are my coverage options and my coverage limit?"
Are you a renter interested in learning more about one of the companies on the list of the best renters insurance companies in Texas? You can visit the company's profile page to find more information about the company and read reviews to learn from the experiences of other policyholders.
If you need to compare companies, we offer a tool that can help you. With comparisons, you can find more affordable renters insurance, rather than settling for the first company you come across.
On this page:
- Best Texas renters insurance rates
- Average cost of renting in Houston
- Average cost of renting in Austin
- Average cost of renting in San Antonio
- Average cost of renting in Dallas
- Best renters insurance for Texas college students
- Texas property crime statistics
Who offers the best Texas renters insurance rates?
Out of the most popular companies in Texas, Travelers offers the cheapest Texas renters insurance rates, on average.
In Texas, renters pay an average of $262 for renters insurance each year. The cost of renters insurance varies based on factors specific to you. Where your rental property is located can't be helped, but your age and credit score are some examples. However, the company you choose matters as well. Some companies may offer standard coverage in Texas for a cheaper rate than others. In the table below, you can see average annual Texas renters insurance rates from some of the largest companies in the state.
| Company | Average renters insurance rates |
|---|---|
| Travelers | $143.91 |
| USAA* | $152.08 |
| Safeco | $154.90 |
| Amica | $177.34 |
| State Farm | $230.20 |
| Farmers | $237.16 |
| Allstate | $344.51 |
| Encompass | $403.33 |
| Nationwide | $408.09 |
*USAA is only available to former and active military members and their families.
These average renters insurance rates are based on a policy with $30,000 in personal property coverage (with a $500 deductible), $100,000 in personal liability and $1,000 in medical payments to others. The rates displayed should only be used for comparative purposes as individual rates in Texas will differ. Rate data is provided by Quadrant Information Services.
How much does rent cost in Houston?
In Houston, Texas, rent costs an average of $1,082 per month. The cost of rent in Houston can vary based on factors including your apartment's location and size.
Texas has some of the most populous cities in the United States, including Houston, which is the most populous city in Texas and the fourth-most populous in the country. Houston is in the southern part of Texas and reaches to the Galveston Bay. Although the average monthly cost of rent in Houston is $1,082, the cost of rent greatly varies based on location in the city you’re renting. For example, apartments in Downtown Houston cost an average of $1,953 per month while apartments in the Greater Fifth Ward area cost an average of $653 per month.
The size of the apartment also affects the cost of rent. On average, studio apartments in Houston cost $784 per month, one-bedroom apartments cost $967 per month and three-bedroom apartments cost $1,434 per month. If you’re thinking of renting an apartment in Houston, you may want to consider purchasing renters insurance. For an affordable monthly fee, renters insurance can protect your personal items from perils such as hurricanes, fire and theft. Keep in mind that a standard renters insurance policy usually doesn’t include flood insurance coverage.
See the best renters insurance companies and rates in Houston.
How much does rent cost in Austin?
In Austin, Texas, rent costs an average of $1,297 per month. The cost of rent in Austin can vary based on factors including your apartment's location and size.
Austin, the capital of Texas, is known for its live country, blues and rock music culture. Although the average cost of rent in Austin is $1,297 per month, depending on the area in the city, the rent cost can vary. For example, the average cost of rent in Downtown Austin is $2,606 per month while the average cost of rent in Windsor Hills is $974 per month.
Like location, the size of the apartment also affects rental costs. On average, studio apartments in Austin cost $1,034 per month, one-bedroom apartments cost $1,130 per month and three-bedroom apartments cost $1,842 per month.
Whether or not you have high-value items can sometimes play a part in what you pay as well. The more valuable items you have, the more expensive it would be to replace if your rental suffers any property damage.
See the best renters insurance companies and rates in Austin.
How much does rent cost in San Antonio?
In San Antonio, Texas, rent costs an average of $982 per month. The cost of rent in San Antonio can vary based on factors including your apartment's location and size.
San Antonio is a city important to the history of Texas’ independence from Mexico. It is the second-most populous city in the state after Houston. Although the average cost of rent in San Antonio is $982 per month, it varies by location. The average cost of rent in Government Hill is $1,688 per month while the average cost of rent in Woodlawn Hills is $688 per month.
On average, studio apartments cost $702 per month, one-bedroom apartments cost $848 per month and three-bedroom apartments cost $1,377 per month in San Antonio.
How much does rent cost in Dallas?
In Dallas, Texas, rent costs an average of $1,157 per month. The cost of rent in Dallas can vary based on factors including your apartment's location and size.
Dallas is a modern city located in the northern part of Texas. Although the average cost of rent in Dallas is $1,157 per month, the rent can vary greatly based on where you are in the city. For example, the average cost of rent in Brighton Lofts is $2,178 per month while the average cost of rent in South Oak is $710 per month.
The variance isn’t quite as great when it comes to the size of your Dallas apartment. On average, studio apartments in Dallas cost $914 per month, one-bedroom apartments cost $1,050 and three-bedroom apartments cost $1,432 per month.
Can Texas college students get renters insurance?
With nearly 150 four-year colleges and universities in Texas, the state has plenty of college students in need of housing each year. Some may opt to live at home, in a dorm, or rent an apartment. There are a few things for college students renting housing in Texas to consider to protect their personal belongings.
Typically, college students who live in dorms located on the college campus are covered by their parent's homeowners insurance policy. That's usually only the case for students who live on campus, though. Texas college students who rent apartments off-campus should consider a renters insurance policy because their items won't be covered under their parents' policy, and without a renters insurance policy, they won't have any protection.
College students will most likely have roommates in the apartment they rent. It's not advised that students share renters' insurance policies with roommates. Rather, each student should have their own renter's insurance policy to protect their own belongings.
What are Texas's property crime statistics?
Theft and vandalism or malicious mischief are among the 16 perils a standard renters insurance policy protects you from. So, how does crime in Texas compare to other states around the country? The FBI published the following statistics on crime in Texas for 2016:
- Property crime - 768,947
- Burglary - 148, 740
- Larceny theft - 551,151
When compared to the national average rate per 100,000 inhabitants, all three crime statistics for Texas rank above the national average. It is important to make sure that you are always covered. Ask your local insurance agent if your renters' policy covers additional protection like a burglar alarm. This will not only help keep you safe but also help with peace of mind, knowing that you are protected.
How to save money on your renters insurance in Texas
While renter's insurance may be more affordable than other types of insurance, no one wants to pay more than they have to. So what are the different ways that you can lower your Texas renters insurance premium and have some extra spending money?
Here are the top 5 ways to save on your renters insurance:
- Raise your deductible
- Ask about potential discounts
- Bundle your policies
- Determine the value of your personal property
- Pay in full by check
How does Clearsurance rate and rank the best renters insurance companies in Texas?
Consistent with its mission towards greater transparency, Clearsurance does not keep its rating and ranking formulas in a black box. Our algorithm analyzes a range of inputs from our independent community of insurance customers, including:
- Price
- Customer Service
- Claim service
- Likelihood to renew
The algorithm also takes into account the percentage of what customers say the company does well vs. the percentage of what customers say the company could do better.
Finally, there is also a confidence factor based upon the number of reviews a company has by insurance product. If the total number of reviews is less than 100, then a confidence deduction is applied to the star rating. The maximum impact of this deduction occurs when there are less than 25 reviews. Companies with 100 or more reviews, aged two years or less, receive 100% weighting (no deduction), while companies with 50 to 99 customer reviews receive a weighting of 95%, 25 to 49 reviews receive a weighting of 90%, and companies with less than 25 reviews a weighting of 85%.
The Clearsurance customer ratings and rankings are derived entirely from customer reviews and ratings.
Do you need a renters insurance guide?
As we mentioned above, there are common misconceptions regarding what is and isn't covered by a renters insurance policy. Before you purchase a policy from one of these best renters insurance companies in Texas, it's important to understand what your policy covers. For example, did you know that many renters insurance policies include liability protection in the event a non-resident is injured on the property? Plus, if your apartment becomes uninhabitable from an incident, some policies may cover your expenses as you find temporary housing in Texas.
It is important to know all that you can before taking out a renters insurance policy. Learn about the insurance company and the protection that their policies offer before making a final decision. Know and understand your policy limits and ask about what additional coverages you can add to your protection.
While we all want the most affordable renters’ insurance, it is important not to sacrifice the quality of your protection just to save some money. Talk to a local insurance agent about what insurance company is right for you, and what coverages they offer.
We want to make sure you’re equipped with a proper knowledge of renters insurance, so check out our renters insurance guide. Looking for more educational information about renters insurance? Check out our renters insurance blog for more information and topics related to renters insurance.
Don't forget about our comparison tool, which will help you to compare quotes from various companies.
Frequently Asked Questions
Who offers the best Texas renters insurance rates?
Out of the most popular companies in Texas, Travelers offers the cheapest Texas renters insurance rates, on average.
How much does rent cost in Houston?
In Houston, Texas, rent costs an average of $1,082 per month. The cost of rent in Houston can vary based on factors including your apartment's location and size.
How much does rent cost in Austin?
In Austin, Texas, rent costs an average of $1,297 per month. The cost of rent in Austin can vary based on factors including your apartment's location and size.
How much does rent cost in San Antonio?
In San Antonio, Texas, rent costs an average of $982 per month. The cost of rent in San Antonio can vary based on factors including your apartment's location and size.
How much does rent cost in Dallas?
In Dallas, Texas, rent costs an average of $1,157 per month. The cost of rent in Dallas can vary based on factors including your apartment's location and size.