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While renting an apartment in Orlando, you want to be sure that you have the best renters insurance in the city. Renters insurance protects you and your personal belongings in the case of a break-in, fire, or another potential disaster that could leave you fronting the price.
Despite the fact that your landlord may have an insurance policy, it only covers the structure of the building and appliances they have provided for you. Renters insurance is easy to purchase for an Orlando apartment, with the ability to get quotes from most companies online in just a few minutes.
To help you in your search for renters insurance in Orlando, you can find the best renters insurance companies in Orlando along with yearly renters insurance rates from select companies.
On this page you’ll find:
- Best renters insurance companies in Orlando
- Average renters insurance rates in Florida
- Average rent cost in Orlando
What are your coverage options on a renters insurance policy?
Just like any other policy, you can usually customize your renters insurance coverage to get exactly what you need. A standard renters insurance policy usually contains some form of the following types of coverage:
Personal property coverage – This coverage pays the replacement cost for the personal items you keep in your apartment should they be damaged or destroyed.
Personal liability coverage – Liability protection 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 expenses coverage.
Beyond these basic coverage options, you may also be able to purchase identity theft protection, guest medical payments coverage, and more additional coverage.
If you keep valuable items, like jewelry or sports equipment, in your apartment, you may also wish to raise your personal property coverage limits.
People who live in high-risk areas prone to flood or earthquake damage may need to purchase a special rider on their policy for those perils to be covered.
Extra coverage and riders will usually raise your renters insurance premium, but it's important to have all the protection you need.
What are the best renters insurance companies in Orlando?
The table below gives you a glimpse at the top 10 renters insurance companies in Orlando. The ranking of these companies is based exclusively on customer reviews submitted to Clearsurance as of July 2019. Customers rate their insurance companies based on the cost of the policy, their customer service experience, their claims service experience, and their likelihood to renew with the company, among other factors. Additionally, companies with less than 100 reviews have a confidence deduction in their rating.
In order to qualify for this top 10 list, insurance companies need at least 25 renters insurance reviews and must sell renters insurance in Florida.
| Ranking | Best Orlando renters insurance | # of reviews | Company rating |
|---|---|---|---|
| 1 | USAA* | 394 | 4.77 |
| 2 | Geico | 732 | 4.22 |
| 3 | State Farm | 1,363 | 4.22 |
| 4 | Allstate | 816 | 4.12 |
| 5 | Liberty Mutual | 221 | 4.09 |
| 6 | Travelers | 98 | 4.01 |
| 7 | Assurant | 94 | 3.80 |
| 8 | The Hartford | 31 | 3.73 |
| 9 | MetLife | 60 | 3.37 |
| 10 | Amica | 32 | 3.15 |
*USAA is only available to active and former military members and their families.
1. USAA
USAA is not only rated as the best renters insurance company in Orlando, but it was ranked the No. 1 overall insurance company for renters, home, and auto insurance nationally in 2019. USAA only sells insurance to current or past members of the military and their families. One benefit of purchasing renters insurance from USAA is it includes earthquake and flood coverage in its standard policies.
2. Geico
Geico is a unique insurance company because it offers renters insurance through other licensed companies. You can receive a quote online for your apartment and you can bundle your Geico car insurance with renters insurance to earn a discounted rate.
3. State Farm
State Farm ranks No. 3 for best Orlando renters insurance. It’s one of the cheapest and highest-rated insurance companies reviewed by customers on Clearsurance, and it has the most renters insurance reviews of any company.
4. Allstate
Allstate is another highly rated renters insurance company for Orlando renters. You can easily get a quote and purchase a policy online through its website. If you’ve been claims-free when you switch to Allstate for your renters insurance, you can earn a discount.
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5. Liberty Mutual
Liberty Mutual ranks fifth for best renters insurance companies in Orlando, with a rating of 4.09 stars out of 5. You can save money protecting your Orlando apartment if you qualify for Liberty Mutual’s claims-free discount or bundling discount.
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6. Travelers
Travelers is the sixth-best renters insurance company in Orlando according to consumers. If you bundle your Travelers car insurance policy with your renters insurance, you could save up to 5 percent on your auto insurance policy.
7. Assurant Group
Assurant ranks No. 7 on the list of best Orlando renters insurance companies. You can purchase an Assurant policy on its website in just a few minutes. Assurant earned a score of 3.80 out of 5.
8. The Hartford
The Hartford is rated 3.73 out of 5 stars, placing eighth on the list. The Hartford offers renters insurance through the AARP Homeowners Insurance Program. Having other insurance policies with The Hartford could benefit you with bundle discounts and more.
9. MetLife
MetLife placed ninth for best renters insurance for people renting apartments in Orlando. With MetLife, you can customize your policy, giving you a peace of mind with your personal belongings.
10. Amica
Amica is rated 3.15 out of 5 stars for renters insurance. Amica offers a variety of discounts to help you save money on your renters insurance policy.
How much does renters insurance cost in Florida
The cost of renters insurance in the state of Florida varies greatly by company, your location, and your personal belongings. In the table below, you can see yearly average renters insurance rates in Florida for some companies that sell in the state, including rates for some of the companies that are the highest rated in Orlando.
| Insurance Company | Yearly cost for a $30K property |
|---|---|
| Travelers | $111.58 |
| Security First | $118.91 |
| Nationwide | $121.88 |
| Citizens Property | $137.90 |
| Castle Key | $153.71 |
| Universal Property and Casualty | $163.06 |
| State Farm | $164.96 |
| Homeowners Choice Property | $348.21 |
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 Florida will differ. Rate data is provided by Quadrant Information Services.
How much does rent cost in Orlando?
Rent in Orlando costs an average of around $1,320 per month. The cost depends on many factors, including the size of your apartment and the location.
Depending on the area of Orlando you chose to rent in, the price also varies. For example, the average cost to live in Lake Richmond is around $1,215 versus the higher priced area of Baldwin Park, costing $1,786 a month.
As an apartment renter in Orlando, it’s important to consider purchasing renters insurance to ensure you and your belongings are protected while renting in the city.
For the most updated list of the best renters insurance companies in the state, you can visit our best Florida renters insurance companies page.
How can you save money on your renters insurance?
If you bundle your auto policy with a homeowners insurance policy or renters policy with the same company, you will usually receive a multi-policy discount (this might also be available for bundling any additional policies, such as a life insurance policy or boat insurance policy). Some companies also offer discounts for safety devices in your apartment, such as smoke detectors or burglar alarms, or for setting up automatic payments.
Additional insurance discounts may be available, so make sure to ask renters insurance providers about your options when you're shopping around for quotes. If you're looking for the most affordable renters insurance, get quotes from at least three companies before making a decision.
You can get online quotes from multiple companies easily by entering your ZIP code in the box below. Don't choose the cheapest company right away. Find the company that offers the renters coverage you need at a price you can afford.
Recap: Best Renters Insurance in Orlando: What's the bottom line?
- Geico: Best renters insurance for non-military members in Orlando
- USAA: Best renters insurance for military members in Orlando
- Travelers: Cheapest renters insurance rates in Orlando
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.