When renting an apartment in Austin, it's important to consider purchasing renters insurance coverage. Even though your landlord has their own insurance, you should know that doesn't cover any of your items. In order to protect yourself and your belongings in case of theft or a disaster, you'll need renters insurance. Your landlord's insurance only protects the structure of your building and themselves from any liability insurance claims.

Renters insurance coverage helps protect you in many ways, including liability. Depending on your renters policy, it may help you with personal possessions, medical expenses, additional living expenses, damages, and more. Personal items such as clothing, furniture and digital devices are protected against disasters such as vandalism, explosion, theft, lightning or fire. Natural disasters must be protected through supplemental insurance. Liability protection protects against legal suits for property damage or bodily injury and pet damage (covers other people's property, not your own). Additional living expenses are also covered and pay for living expenses during a disaster or emergency (temporary rentals, hotel bills, restaurant meals, or other costs associated with rebuilding your home).

The average cost of renters insurance in Austin can be as little as $12 per month for $25,000 personal property coverage and $100,000 of liability coverage.

Don't let the cost of renters insurance scare you away, either; premiums are usually very affordable for basic renters insurance and additional coverages are completely optional and won't cost you too much money. Renters insurance in Austin, Texas, is reasonably priced, averaging $18.25 per month among seven of the highest-rated renters insurance companies by insurance customers on Clearsurance.

To assist you in your search for renters insurance in Austin, you can find the best 10 renters insurance companies in Texas, along with rates from seven of the top 10 companies.

Like average car insurance cost in Austin, TX, renters insurance can be quite affordable. Simply shop around.

Start comparison shopping today to compare insurance quotes from multiple companies. Just enter your ZIP code to get started.

On this page you’ll find:

• Best renters insurance companies in Austin
• Average renters insurance rates in Austin
• Average rent cost in Austin

What are the best renters insurance companies in Austin?

In the table below, you can find the top 10 renters insurance companies in Austin. The rankings were exclusively determined by Clearsurance customer reviews as of July 2019. Policyholders rate and review their insurance company based on the customer's overall rating of the company, the insurer's customer service, and the policyholder's likeliness to renew and recommend their renters insurance.

In order to qualify for this top 10 list, insurance companies need at least 25 renters insurance reviews and must sell renters insurance in Texas.

*USAA is only available to active and former military members and their families.

1. Lemonade

Lemonade is the best renters insurance in Austin, TX, according to customer reviews. This modern insurance company uses artificial intelligence, allowing you to get a quote in just minutes. Through the Lemonade app, you can file claims, and they process many of the claims nearly instantly. Lemonade is the highest-rated option in Austin with a score of 4.78 out of 5.

2. USAA

USAA checks in at No. 2 for top renters insurance in Austin. USAA only sells insurance to members of the military and their families. USAA's standard renters insurance policies include earthquake and flood insurance coverage, something that most renters insurance policies don't include, without inflated premiums.

3. Geico

Based on consumer reviews, Geico has a rating of 4.22, making it the third-best renters insurance company in Austin, TX. Geico does things a little differently it sells renters insurance policies through other licensed companies, such as Assurant. If you bundle your Geico car insurance with renters insurance, you can receive a discount, allowing you to protect your property and reduce your auto insurance costs all in one go.

4. State Farm

State Farm is the largest insurance company in America, and also the most reviewed renters insurance company on Clearsurance. With the second cheapest renters insurance rates in Austin on average, it's one of the best options for renters in Austin who need affordable renters insurance.

5. Nationwide

At No. 5 on our list, Nationwide is another highly rated renters insurance company in Austin. You can get a renters insurance quote online easily on its website. Nationwide has unique policy features, including Valuables Plus insurance to cover high-value items like jewelry or fine art if they're damaged or destroyed by a covered peril. This may increase your insurance policy cost but it could end up saving you money down the line.

6. Allstate Insurance

Another great option for Austin renters is Allstate. You can purchase Allstate renters insurance online or through a local agent. Allstate also offers a bundle with car and renters insurance, which can save you money on your monthly premium for both policies.

7. Liberty Mutual

Liberty Mutual is rated as the seventh-best Austin renters insurance company according to consumers. If you have auto insurance with Liberty Mutual, you can bundle renters insurance with your other types of coverage to earn a discount.

8. Farmers Insurance

Farmers is rated 4.08 out of 5 stars by renters insurance policyholders, ranking it eighth in Austin. Farmers offers other insurance products, including auto insurance, which you can bundle to receive a discount.

9. AAA

Although AAA is well known for its roadside assistance program, it also offers renters insurance in Austin and has a rating of 4.03. AAA is unique because being a AAA member offers you benefits like discounts at restaurants, movie theaters and more.

10. Travelers

Travelers earned a 4.01 rating out of 5 stars, placing it 10th for best renters insurance companies in Austin. You can protect your personal belongings (such as your furniture and TV) with renters insurance from Travelers. If you bundle your Travelers car insurance policy with your renters insurance, you could save up to 5 percent on your auto insurance policy.

How much does renters insurance cost in Austin?

The cost of renters insurance in Austin varies from person to person and the company, but the average rate among seven companies we got rates from is $18.25 per month. In the table below, you can see the average quote from seven of the top renters insurance in Austin.

To retrieve these quotes, we used a profile of a 25-year-old single male renting an apartment in Austin with no roommates or pets with a policy beginning in June 2019. The policies include $20,000 in personal property coverage ($30,000 for Travelers because that is the minimum required by the company), $100,000 in personal liability, and $1,000 in medical payments to others. The policies have a $500 deductible. Your rates may vary depending on your characteristics and coverage. We were unable to retrieve quotes from USAA, Liberty Mutual, and AAA.

*Geico sells renters insurance through other licensed insurance companies. The Geico quote listed is for coverage from Assurant Group.

How much does rent cost in Austin?

The average cost of rent for an apartment in Austin is $1,364 per month, less than many other cities' average rent cost. Austin is an up-and-coming city, known for its live music and many parks. There are about 950,000 people who currently live in Austin. Depending on the area you live in Austin, you may have higher rent costs.

Having renters insurance coverage gives you the reassurance that all your belongings in your apartment are protected. Without renters insurance, you could be left with the price of replacing everything valuable that you own. For the most updated list of the best renters insurance companies in the state, you can visit our best Texas renters insurance companies page.

Recap: What is the best renters insurance in Austin?

• Lemonade: Best renters insurance in Austin
• USAA: Best renters insurance for military members in Austin
• Lemonade: Cheapest renters insurance rates in Austin

The content on this site is offered only as a public service to the web community and does not constitute solicitation or provision of legal advice. This site should not be used as a substitute for obtaining legal advice from an insurance company or an attorney licensed or authorized to practice in your jurisdiction. You should always consult a suitably qualified attorney regarding any specific legal problem or matter. The comments and opinions expressed on this site are of the individual author and may not reflect the opinions of the insurance company or any individual attorney.