Best and Cheapest Renters Insurance in Wisconsin for 2024 (10 Most Affordable Companies)
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The best and cheapest renters insurance in Wisconsin, consider USAA, State Farm and Geico, which all have rates starting as low as $16 a month. For this reason, USAA is our top pick, as it offers the best combination of price, coverage, and satisfaction.
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This guide will examine Wisconsin’s 10 best renters insurance companies, covering their key features, standout benefits and money-saving strategies. From bundling discounts to customizable policies, we’ll explain how to get the right coverage to protect your belongings and liability without going overboard on price.
| Company | Rank | Monthly Rates | A.M. Best | Best For | Jump to Pros/Cons |
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#1 | $16 | A++ | Military Benefits | USAA |
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#2 | $21 | B | Reliable Coverage | State Farm |
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#3 | $22 | A++ | Affordable Rates | Geico |
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#4 | $22 | A | Customizable Policies | American Family |
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#5 | $26 | A++ | Extensive Discounts | Travelers |
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#6 | $30 | A | Diverse Coverage | Liberty Mutual |
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#7 | $33 | A+ | Innovative Options | Progressive |
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#8 | $38 | A | Flexible Plans | Farmers |
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#9 | $43 | A+ | Financial Strength | Allstate |
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#10 | $80 | A+ | Comprehensive Coverage | Nationwide |
Whether you’re entering rental land for the first time, thinking of changing providers, or simply looking to understand what comprehensive insurance coverage includes, we’ve got everything you need to know to make an informed decision in this article.
Finding cheaper insurance rates is as easy as entering your ZIP code into our free quote comparison tool.
What You Should Know
- Find the best and cheapest renters insurance in Wisconsin starting at $16/month
- USAA is the top pick for affordable, reliable coverage
- Compare policies and discounts tailored to Wisconsin renters
#1 – USAA: Top Pick Overall
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Pros
- Military-Focused Benefits: Because USAA renters insurance is geared toward military families, there are additional benefits as well for example, coverage for uniforms with no deductible. See our USAA review for details.
- Global Coverage for Relocations: USAA renters insurance protects your things anywhere in the world, giving military members unparalleled peace of mind whether you are overseas or moving to a new state.
- Disaster Protection Without Extra Cost: USAA renters insurance is all-in when it comes to natural disaster coverage, offering flood and earthquake protection included with no extra charge on the majority of policies.
Cons
- Eligibility Is Limited: USAA renters insurance is available only to military members, veterans, and their families; others will need to look elsewhere.
- Less Flexible for Customization: While the standard coverage is robust, USAA renters insurance doesn’t allow much customization, which can be a drawback for renters with unique or high-value possessions.
#2 – State Farm: Best for Reliable Coverage
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Pros
- Local Agent Support: For one, State Farm renters insurance has local agents available to help answer questions and walk you through the process face-to-face when necessary.
- Comprehensive Liability Coverage: Renters insurance from State Farm includes liability protection for incidents like injuries or property damage, even if they happen outside your rental property.
- Convenient Digital Management: Use the mobile app to manage your State Farm renters insurance, review or change coverage, file a claim and monitor its progress. Read our State Farm review for more.
Cons
- Limited Discounts for Renters: State Farm renters insurance doesn’t offer as many discount opportunities as competitors, which might make saving on premiums harder.
- Extra Policies for Natural Disasters: Standard State Farm renters insurance doesn’t cover disasters like floods or earthquakes, requiring additional policies that could increase costs.
#3 – Geico: Best for Affordable Rates
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Pros
- Effortless Online Experience: Geico renters insurance comes with a simplified way of securing quotes, managing your policy, pricing and filing for claims using a simple website and app that saves money for the renters–which we just love.
- Flexible Options Through Partners: Geico renters insurance works with multiple underwriters, allowing renters to customize their policies to include the coverage they need. Explore our Geico Renters Insurance Review.
- Strong Basic Coverage: Geico renters insurance covers you for the standard risks, including fire, theft, and vandalism–the stuff that would most likely happen.
Cons
- Inconsistent Service Quality: Since Geico renters insurance policies are often issued through third-party providers, the claims and service experience can vary significantly.
- No In-Person Support: Unlike other providers, Geico renters insurance doesn’t have local agents, which might be a downside for renters who prefer face-to-face interaction.
#4 – American Family: Best for Customizable Policies
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Pros
- Flexible Policy Options: Flexible policy choices with American Family rent insurance provide solutions accessibility for renters through many add-ons; including identity theft defense and coverage for high-value items.
- Educational Resources for Renters: Their renters insurance includes helpful tools and guides, making it easier for renters to understand their coverage and options. Explore our American Family review.
- Low-Stress Claims Process: American Family renters insurance makes it easy on renters by offering their claims team to walk them through a stressful time.
Cons
- Location-Based Limitations: Certain elements of American Family renters insurance, like unique add-ons, may not be offered everywhere, reducing your choices.
- Higher Costs for Extras: American Family renters insurance is pricey with additional coverage requests, so it might not be the best choice for budget-conscious renters.
#5 – Travelers: Best for Extensive Discounts
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Pros
- Discounts for Extra Savings: Travelers renters insurance has various savings opportunities with bundling policies, safety features or just setting up automatic payments. Find the full list in our Travelers review.
- Excellent Liability Protection: With Travelers renters insurance, you get strong liability coverage that extends to incidents both on and off the rental property.
- Generous Loss-of-Use Coverage: If your rental becomes unlivable, then Travelers renters insurance can assist with temporary housing and living expenses.
Cons
- Outdated Digital Tools: While Travelers renters insurance is reliable, its website and mobile app aren’t as user-friendly as those of other providers, which could frustrate tech-savvy renters.
- High Deductibles on Some Plans: Renters insurance from Travelers may require higher deductibles on certain claims, which could make smaller claims less worth filing.
#6 – Liberty Mutual: Best for Diverse Coverage
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Pros
- Flexible Coverage Options: With Liberty Mutual renters insurance, renters can purchase options such as the cost of replacing lost valuables, or additional costs associated with restoring their identity.
- Monthly Payment Flexibility: Renters insurance from Liberty Mutual lets you pay premiums in monthly installments, making it easier to budget without a large upfront cost. See our Liberty Mutual review for more.
- Waived Deductibles for Major Losses: If a big loss occurs, Liberty Mutual renters insurance waives your deductible. This eases the burden of having to pay out-of-pocket after widespread damage has occurred.
Cons
- Fewer Discounts Than Competitors: A lack of discountability can be a sore spot for renters searching for the lowest price possible, and Liberty Mutual renters insurance offers fewer avenues to save.
- Claims Can Be Slow to Process: Some renters found that the time it takes to process claims can be longer than ideal, especially in emergencies.
#7 – Progressive: Best for Innovative Options
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Pros
- Savings on Bundled Policies: If you are already a Progressive auto or other insurance policyholder, you will receive substantial discounts on your Progressive renters coverage.
- User-Friendly Online Platform: Progressive renters insurance has pretty robust online resources that help you personalize and manage your policy right from your computer. Get a complete view in our Progressive review.
- Optional Add-Ons for Unique Needs: The basic renters insurance policy may lack coverage for some risks included by other providers, requiring add-ons for better protection.
Cons
- No Local Agent Availability: Progressive renters insurance is highly driven online or by phone which may not be ideal for renters who prefer doing business with local agents.
- Limited Standard Protections: The basic renters insurance policy may lack coverage for some risks included by other providers, requiring add-ons for better protection.
#8 – Farmers: Best for Flexible Plans
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Pros
- Customizable Limits for High-Value Items: Farmers renters insurance allows renters to adjust coverage limits for items like electronics, jewelry, and other valuables to ensure they’re adequately protected.
- Dedicated 24/7 Claims Assistance: Farmers renters insurance provides round-the-clock support for renters, so help is always available when you need it most. Find more in our Farmers review.
- Coverage Options for Specialty Items: For renters with things that fall outside the standard policy, Farmers has extras for items that are unique like collections or antiques.
Cons
- Higher Premium Costs: Farmers renters insurance costs are higher than those from their competitors, which could restrict them to budget-minded renters.
- Fewer Discount Opportunities: In other states, Farmers renters insurance lacks possible routes for discounts when compared to others, which makes the policy less desirable to many renters that want a lower premium.
#9 – Allstate: Best for Financial Strength
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Pros
- Digital Tools for Inventory Management: Allstate renters insurance includes a unique Digital Locker app, allowing renters to catalog belongings easily for accurate claims processing.
- Strong Liability Coverage: Allstate renters insurance comes with great liability protection, if a guest is injured or the tenants damages property that belongs to others.
- Personalized Local Support: Allstate renters insurance offers tenants the option of in-person assistance with policies and claims through a distributed network of local agents. Discover details in our Allstate review.
Cons
- Higher Premiums for Basic Coverage: Renters insurance from Allstate can be more expensive than comparable offerings, even with fewer add-ons.
- Limited Customization Options: Renters looking for specific custom coverage may not find Allstate renters insurance as accommodating as other insurers.
#10 – Nationwide: Best for Comprehensive Coverage
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Pros
- Comprehensive Standard Policies: Renters insurance providers typically cover risks like theft, fire, and water damage across the country without requiring add-ons regularly. Learn more in our Nationwide review.
- Annual Policy Reviews for Free: Renters can take advantage of Nationwide’s “On Your Side” reviews to ensure their renters insurance still fits their needs as circumstances change.
- Enhanced Optional Features: Nationwide renters insurance may also have additional options to increase coverage, such as water backup and personal injury liability coverage.
Cons
- Higher Premium Costs: Nationwide renters insurance is one of the pricier options available, which may not work for renters looking to save on monthly expenses.
- Less Intuitive Digital Tools: Managing your renters insurance policy online or through the Nationwide app may not be as seamless as with other providers, which could be a drawback for tech-savvy renters.
Best Budget-Friendly Renters Insurance in Wisconsin
Searching for the best and cheapest renters insurance in Wisconsin? Here's a monthly breakdown of rates for both minimum and full coverage from the top providers. With USAA offering rates as low as $16/month, along with other affordable options like State Farm and Geico, you can find coverage that fits your needs and budget.
| Insurance Company | Minimum Coverage | Full Coverage |
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$43 | $123 |
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$23 | $63 |
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$38 | $109 |
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$22 | $62 |
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$30 | $84 |
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$80 | $226 |
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$33 | $94 |
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$21 | $58 |
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$26 | $72 |
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$16 | $47 |
These monthly rates make it easy to find renters insurance that matches your budget, whether you need minimum or full coverage. A practical guide for understanding renters insurance will help you compare these top Wisconsin providers to secure the best protection for your belongings at a price you can afford.
Affordable Coverage and Discounts for Renters Insurance in Wisconsin
Looking for the best and cheapest renters insurance in Wisconsin on a monthly basis? This guide highlights top insurance providers, their standout discounts, and why they’re great options for affordable, flexible coverage. From multi-policy savings to good student discounts, these companies help you protect your belongings at rates that fit your monthly budget.
| Insurance Company | Available Discounts |
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Bundling, Multi-Vehicle, Good Student, New Car, Smart Student, Early Signing, Safe Driving, Responsible Payer |
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Bundling, Multi-Vehicle, Good Student, Defensive Driving, Low Mileage, Early Bird, Loyalty, Smart Home Devices |
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Bundling, Multi-Vehicle, Good Student, Safe Driver, Pay-in-Full, Alternative Fuel Vehicle, Distant Student |
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Bundling, Multi-Vehicle, Good Driver, Defensive Driving, Good Student, Military, Anti-Theft Device, Vehicle Safety Equipment |
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Bundling, Multi-Vehicle, Good Student, Safe Driver, Vehicle Safety, Advanced Safety Features, Alternative Energy Vehicles |
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Bundling, Multi-Vehicle, Safe Driver, Good Student, Anti-Theft, Accident-Free, Paperless, Defensive Driving |
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Bundling, Multi-Vehicle, Good Student, Safe Driver, Pay-in-Full, Paperless, Continuous Insurance, Homeownership |
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Bundling, Multi-Vehicle, Safe Driver, Good Student, Defensive Driving, Accident-Free, Vehicle Safety, Anti-Theft System |
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Bundling, Multi-Vehicle, Safe Driver, Good Student, Hybrid/Electric Vehicle, New Car, Homeownership |
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Safe Driver, Bundling, Multi-Vehicle, Good Student, Defensive Driving, Military Loyalty, Garage Parking |
These top insurance companies highlight the ease of saving on renters insurance in Wisconsin, as they all offer different monthly discounts. Whether you are bundling policies or cashing in on safe driver perks, you can find affordable coverage that fits with your lifestyle. Compare options now so you can lock in the lowest monthly cost for your renters insurance.
If you’re a renter, understanding how much different types of insurance claims cost can help you protect your possessions and mitigate risk. The below guide outlines the different types of claims by the average costing factor and how often these types of claims occur.
| Claim Type | Portion of Claims | Cost per Claim |
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| Water Damage and Freezing | 3.0% | $5,000 |
| Wind and Hail | 2.0% | $3,000 |
| All Other Property Damage | 1.0% | $2,500 |
| Fire and Lightning | 0.2% | $10,000 |
| Theft | 0.1% | $2,000 |
In addition, we sift through accident and claim statistics from cities throughout Wisconsin and surrounding areas to provide renters with a clearer picture of what they should be covered for.
Whether you’re new to insurance or reassessing your current policy, this data can inform your decisions. The researchers analyze costs of common claims and city-specific accident data to help renters understand their risk in their city and how insurance can protect against unexpected costs.
| City | Accidents per Year | Claims per Year |
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| Dubuque | 1,000 | 600 |
| Iowa | 1,600 | 1,100 |
| Green Bay | 5,004 | 6,250 |
| Kenosha | 3,500 | 4,200 |
| Madison | 7,856 | 10,000 |
| Milwaukee | 9,789 | 12,650 |
| Racine | 3,937 | 4,850 |
| Sioux City | 2,100 | 1,500 |
| Waterloo | 1,800 | 1,200 |
| West Des Moines | 1,200 | 800 |
This information can help you choose the right coverage for your needs, whether it’s against water damage, theft, or other perils. Find renters insurance near me and act on this knowledge to make sure you’re prepared for anything, wherever you live, or whatever hits the fan.
Renters insurance is essential but often overlooked, as many assume a landlord's policy covers personal belongings—it doesn’t. Landlord insurance only covers the building, not your items like furniture or electronics, or liability issues.
To stay protected, explore the top Wisconsin renters insurance companies ranked on Clearsurance based on thousands of customer reviews. Visit profile pages for details and insights from other policyholders.
Understanding Your Renters Insurance Coverage Options
Just like any other policy, you can usually customize your renters insurance coverage to get exactly what you need. A standard policy contains some form of the following types of renters coverage:
Personal Property Coverage: This type of coverage pays the replacement cost for the personal items you keep in your apartment should they be damaged or destroyed. The policy will usually have a list of covered losses or perils, so make sure to look this over closely.
Liability Coverage: Liability insurance pays for medical expenses if someone is injured in your apartment.
Loss of Use Coverage: Loss of use pays for your hotel and food expenditures when you are unable to stay in your apartment because of damages. This may also be called additional living expense coverage or temporary living expenses coverage.
Beyond these basic coverage options, you may also be able to purchase additional coverage like identity theft protection, guest medical payments coverage, and other optional coverages. Does renters insurance cover theft? Yes, standard policies typically include coverage for theft of personal belongings, whether it occurs in your rental unit or off-site.
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People who keep expensive items in their rental unit, like musical instruments, jewelry, or sports equipment, may wish to increase their coverage limits for additional peace of mind.
Maximizing Insurance Discounts and Understanding Risk Factors
If there is one thing we know about how to save on your insurance coverage, it is that discounts can save you a lot of money. There are a range of potential savings opportunities offered by various providers to eligible customers, from bundling policies to driving claims-free.
| Discount Name | Grade | Savings | Participating Providers |
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| Bundling | A | 25% | State Farm, Nationwide, Liberty Mutual, Allstate, American Family, Progressive, Erie |
| Protective Devices | B+ | 15% | State Farm, Liberty Mutual, Allstate, American Family, Progressive, Erie |
| Claims-Free | B | 20% | Amica, Liberty Mutual, Allstate, American Family |
| Loyalty | B | 10% | Amica, Liberty Mutual, Allstate |
| Advance Quote | B- | 10% | Liberty Mutual, Allstate |
| Autopay/Electronic Billing | C+ | 5% | Amica, Liberty Mutual, Allstate |
| Gated Community | C | 5% | Liberty Mutual |
| Non-Smoker | C | 5% | Farmers |
This table lists some of the best discounts available, how much people can save and participating providers. We’ve also added insights into external factors that can impact insurance rates, like traffic density or vehicle theft rates.
Learning about the discounts you qualify for and the external factors influencing your rates can empower you to be a more informed insurance shopper.
| Category | Grade | Explanation |
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| Traffic Density | A | High traffic volume |
| Weather-Related Risks | B+ | Severe weather risks |
| Average Claim Size | B | Moderate claim payouts |
| Uninsured Drivers Rate | B- | High uninsured rate |
| Vehicle Theft Rate | C | High theft incidents |
These savings methods, such as bundling or installing protective devices, can enable you to pay lower premiums while still making sure you have adequate coverage. Review offers from the providers that participate and evaluate how such local factors as traffic density, weather risks, or how does my credit score affect my insurance premium influence the overall costs you’ll face.
Renters and Property Insurance Costs in Wisconsin
Renters insurance is one of the simplest and least expensive ways to protect your stuff and get some peace of mind. How much does renters insurance cost in Wisconsin? On average, it’s about $16 per month, making it an easy choice for many renters. What is the cheapest renters insurance per month? Companies like USAA offer rates starting at just $16, making them one of the most affordable options available.
Does Wisconsin require renters insurance? Not legally, but many landlords include it as a requirement in their lease agreements. So, what is the most common renters insurance? Most policies cover personal belongings, liability for injuries inside your rental, and additional living expenses if you’re forced out of your apartment due to damage.
What does renters insurance cover? It protects your valuables from things like fire, vandalism, and theft. Does renters insurance cover theft? Absolutely—it usually covers stolen items, whether they’re taken from your rental or even while you’re traveling.
If you are looking for Wisconsin renters insurance quotes, be sure to compare a variety of policies to get an affordable rate tailored to you. Renters insurance quotes can help you judge how much coverage designed for your needs would cost wherever you live in the state, from Milwaukee to Madison and beyond.
For comparison, what is the average cost of renters insurance in CA? Renters insurance costs an average of about $18 a month in California, In comparison, the best and cheapest renters insurance in California costs an average of about $18 a month, which is a bit higher than in Wisconsin.
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Renters insurance in Milwaukee is inexpensive, and if you do a little research, you can find cheap renters insurance Wisconsin. Renters insurance isn’t legally required in Wisconsin, but it’s a good investment to protect your belongings and liability.
Like we stated above, those living in Madison WI or Milwaukee WI can rest assured that it is super easy to find cheap renters insurance Milwaukee that covers nearly everything and best of all, it doesn't break the bank given the amount of options you have to choose from. You also want to compare renters insurance Wisconsin quotes and know the renters insurance Wisconsin cost to help make sure that you’re getting the best price on your policy.
Simple Ways to Save on Renters Insurance in Wisconsin
If you’re looking to save on renters insurance in Wisconsin, there are a few simple steps you can take. Start by raising your deductible—it can lower your monthly premium if you’re comfortable with a higher out-of-pocket cost in case of a claim. Bundling your renters insurance with your auto or other policies is another easy way to score a discount.
Don’t forget to ask about additional savings for things like smoke detectors, burglar alarms, or setting up automatic payments, and take some time to assess the value of your belongings accurately so you’re not overpaying for unnecessary coverage or overlooking what is property damage liability insurance.
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And if you can, pay your policy in full upfront—many providers offer discounts for doing so. Getting quotes from a few companies always makes sense, as rates and discounts can differ dramatically. Above all, be certain you know what you’re covered for — from liability protection to temporary housing benefits. Some research ahead of time can save you cash and get you coverage that even matters.
You can find the cheapest insurance coverage tailored to your needs by entering your ZIP code .
Frequently Asked Questions
Do you need proof of insurance in Wisconsin?
Proof of renters insurance is not required by law in Wisconsin, but many landlords may request it to ensure tenants have protection for their belongings and liability.
What is the average cost of renters insurance in Wisconsin?
The average price of renters insurance in Wisconsin is about $16 a month, making it an inexpensive way to protect your personal items.
Can a landlord require renters insurance in Wisconsin?
Landlords often require renters insurance to protect against potential risks and liabilities. "Why Do Landlords Require Renters Insurance?" Wisconsin landlords, for example, can mandate it as part of lease agreements to ensure coverage for personal property and liability claims.
Where can I find renters insurance quotes in Wisconsin?
You can find Wisconsin Rapids, WI renters insurance quotes, Germantown, WI renters insurance quotes, Greenfield, WI renters insurance quotes, Middleton, WI renters insurance quotes, West Bend, WI renters insurance quotes, and Waukesha, WI renters insurance quotes. Comparing renters insurance Wisconsin quotes can help you find a plan tailored to your needs.
How much is condo insurance in Wisconsin?
Condo insurance in Wisconsin typically costs between $25 and $40 per month, while renters insurance is a more affordable option for tenants.
What are the most common kinds of property insurance?
The top 5 things you should know about your renters insurance start with understanding that in Wisconsin, renters insurance is one of the three most common types of property insurance, alongside homeowners and condo insurance, each designed for different living arrangements.
Is renters insurance required in Wisconsin?
While renters insurance isn’t legally required in Wisconsin, it’s a smart investment to protect your personal belongings and liability.
How can I find cheap renters insurance in Wisconsin?
Finding cheap renters insurance Wisconsin is possible with a bit of research. Whether you’re in Madison WI or Milwaukee WI, there are plenty of affordable options, including cheap renters insurance Madison and cheap renters insurance Milwaukee.
Does Wisconsin require homeowners insurance?
Although Wisconsin does not mandate homeowners insuranc, homeowners insurance reviews show that renters insurance is highly recommended to protect personal belongings in rented properties.
What is the best renters insurance in Wisconsin?
Top providers like USAA, State Farm, and Geico offer affordable and comprehensive renters insurance starting at $16 per month.