Who Has the Cheapest Renters Insurance Quotes in Dallas?
People living Dallas can find renters insurance for as little as $117 per year for $25,000 worth of coverage. Read on to find out which company is best for you, then input your zip code in the box above to start a quote.
Cheapest Renters Insurance Companies in Dallas
In the Big D, we found that The Hartford ranked as the most affordable renters insurance company with an annual quote of $117 for our sample renter. The company cost slightly almost half as much as the city average of $241 per year. American Mercury, Travelers, Texas Farm Bureau and USAA rounded out the other low cost renters insurers in Dallas.
The quotes above are based on a profiled Dallas renter with a $1,000 sq.ft apartment getting $25,000 worth of property coverage and $100,000 of renters liability coverage. We talk about which company is better qualitatively and has better customer service in the sections below.
| Renters Insurance Company | Average Annual Rate |
|---|---|
| AIG | $400 |
| Allied | $221 |
| Allstate | $276 |
| American Mercury | $126 |
| Amica | $207 |
| ASI | $287 |
| Auto Club | $212 |
| Chubb | $286 |
| Encompass | $198 |
| Fire Insurance Exchange | $276 |
| Garrison | $182 |
| Liberty Mutual | $668 |
| MetLife | $242 |
| Nationwide | $230 |
| Progressive | $287 |
| Safeco | $299 |
| State Farm | $249 |
| Texas Farm Bureau | $168 |
| The Hartford | $117 |
| Travelers | $151 |
| Trumbull | $181 |
| Twin City Fire Insurance Company | $188 |
| Unitrin | $476 |
| USAA | $180 |
How Does Pricing Compare Among Dallas Neighborhoods?
In Dallas, the average cost of renters insurance fluctuates very little between neighborhoods. Throughout the city we found the average to hover only a few dollars in either direction of the $241 for our sample renter. Deep Ellum was one Dallas neighborhood that was slightly cheaper than the city average for them.
| Neighborhood | Average Annual Rate |
|---|---|
| Deep Ellum | $238 |
| North Dallas | $241 |
| City Place | $241 |
| Oak Lawn | $241 |
| Lakewood | $243 |
How Does Dallas Renters Insurance Pricing Compare to Other Texas Cities?
Dallas is significantly cheaper for renters insurance than other large Texas cities like San Antonio and Houston where rates are almost $100 more per year. Our analysis found that Houston placed as one of the most expensive cities for renters insurance in Texas however.
| City | Average Annual Rate |
|---|---|
| Houston | $323 |
| San Antonio | $286 |
| Dallas | $241 |
Best Renters Insurance in Dallas
The best renters insurance company is the one that gets you the most value. Below we discuss at length a couple companies we feel give you the best value.
The Hartford
Rarely are price and service both stellar from the same company, but in Texas and Dallas, The Hartford is both the cheapest option and highest quality one as well. According to J.D. Power, The Hartford had the highest score and placed as the best renters insurance company in Texas. Based on existing customers' ratings in the survey, most policyholders will most likely receive stellar claims handling and service.
USAA
USAA is another great option in Texas and in Dallas. USAA renters insurance comes with comprehensive coverage, and very affordable pricing. It is a bit more expensive than The Hartford, $63 on average per year, but USAA is a better option to bundle other insurance products with, and thus earning you a discount. USAA auto insurance is generally affordable, so by bundling with your USAA renters policy you can save even more money. You must qualify for USAA however by being a military member or being related to a military member. This can be great for the numerous veterans located in Dallas who may frequent Grand Prairie Armed Forces Reserve Complex or other reserve bases around the city.
Why Dallasites Need Renters Insurance
There are several costly and common calamities that can happen to a renter. If you are unprepared, and don't have a renters insurance policy, you can find yourself footing a bill worth several thousands of dollars.
Fire
Major cities like Dallas experience thousands of fires every year. One cooking fire can destroy all of your appliances, electronics, bed and wardrobe leaving you out thousands of dollars to replace it all. According to Allstate, in the Dallas neighborhood of Lakewood, fires were the fifth most common claim, and they cost an average of $38,000 per claim for both homeowners and renters.
Theft
In North Dallas theft is the most common claim, with each being worth about $2,600. Remember when it comes to renters insurance, you can file a claim whether your stuff is stolen in your home and outside your home. So the next time you have people over to watch the Cowboys, you won't have to worry about anyone stealing your stuff because you have that extra protection.
Dog Bites
Dog bites are another costly claim that is covered by the liability portion of your renters insurance policy. If your dog bites a stranger on the street, the ensuing medical costs can easily cost $20,000. Even if you think your dog is the best behaved one in the world, it is still advisable to have that liability protection just because of the extensive financial damage it can do to you.
Sources
Texas Department of Insurance; helpinsure.com
J.D. Power Renters Insurance Study