Who Has the Cheapest Renters Insurance Quotes in Dallas?
Who Has the Cheapest Renters Insurance Quotes in Dallas?
Lemonade has the best cheap renters insurance in Dallas. A policy costs around $14 per month.
Compare Cheap Renters Insurance in Dallas
Best renters insurance in Dallas
ValuePenguin collected quotes from six of the largest renters insurance companies in Dallas, TX to help you find the cheapest and best renters insurance for you.
Cheapest renters insurance companies in Dallas
Lemonade is the cheapest renters insurance company in Dallas at $14 per month, or $173 per year. That's $5 less per month than the city average.
The average cost of renters insurance in Dallas is $19 per month, or $230 per year.
Compare Cheap Renters Insurance in Dallas
Renters in Dallas can also get affordable coverage from Amica, Nationwide and Travelers.
The amount you pay for renters insurance is based on a lot of factors, including where you live, your age, how much coverage you need and your insurance history. For that reason, it's important to compare quotes from multiple companies to find the cheapest rates for you.
Best renters insurance in Dallas for most people: Lemonade
Editor's rating
Monthly rate: $14 ?
Pros and cons
Lemonade has the best cheap insurance coverage for most renters in Dallas. At $173 per year, or $14 per month, renters insurance from Lemonade is 25% cheaper than average in Dallas.
Lemonade is an online-based insurance company.
It doesn't have local agents, but renters can buy a policy or file a claim using its website or app in just a few minutes.
This is a great feature for most renters, but people who prefer to do things in person or over the phone should consider another company.
Most renters are happy with their experience at Lemonade, though. The company earned a high score on J.D. Power's annual customer satisfaction survey. Lemonade also receives fewer customer complaints than similar companies, according to the National Association of Insurance Commissioners (NAIC). That means renters can count on Lemonade to help them get things back to normal quickly after a loss.
Best customer service in Dallas: Amica
Editor's rating
Monthly rate: $15 ?
Pros and cons
Renters that value excellent customer service should consider Amica. It only receives 12% as many complaints as expected for a company its size, according to the NAIC, which means customers are very happy with the service they receive from Amica.
Amica also offers very affordable rates for Dallas renters. Coverage from Amica costs $183 per year, or $15 per month, on average. That's $47 per year less than the Dallas average, and only $10 per year more expensive than the cheapest option, Lemonade.
In addition, Amica has a range of discounts to help lower its renters insurance rates. You can save by:
- Being claim-free for three years or more
- Signing up for e-statements
- Bundling renters and auto insurance
- Making automatic payments
- Switching to Amica after being insured with the same company for two years or longer
Although Amica offers enough coverage for most renters, it doesn't have as many options to expand your protection as some of its competitors. Dallas renters can add identity theft protection, replacement cost coverage and protection for valuable items to your policy. However, it doesn't offer water backup coverage if your things are damaged due to backed-up pipes.
Best renters insurance for military: USAA
Editor's rating
Pros and cons
USAA has the best renters insurance for military members and their families in Dallas. Basic renters insurance from USAA includes coverage that most companies charge extra to add on.
For example, USAA includes replacement cost coverage, which means you'll be able to replace your stuff with brand new items if it's damaged or stolen. In comparison, most companies pay you based on the actual cash value of your items, which factors in wear and tear. It also includes flood and earthquake coverage at no additional cost.
USAA is known for having excellent customer service.
It consistently earns top marks on J.D. Power's customer satisfaction survey and has fewer complaints than competitors, according to the NAIC.
However, you can only buy insurance from USAA if you're a current or former military member or related to one. This makes it a great option for veterans and reservists in Dallas who may frequent Grand Prairie Armed Forces Reserve Complex or other reserve bases around the city.
The best renters insurance in Dallas
Amica is the best-rated renters insurance company in Dallas for most people.
ValuePenguin editors gave Amica a great score based on a low number of complaints with the NAIC and the value it provides renters in Boston.
Some renters in Dallas can find top-notch service with USAA. However, renters can only get insurance from USAA if you're in the military, a veteran or their family member.
Company |
Rating
|
|---|---|
| USAA | |
| Amica | |
| Lemonade | |
| Farmers | |
| Nationwide | |
| Allstate | |
| Travelers |
When shopping for renters insurance, finding a company with great customer service reviews is as important as getting the cheapest rates.
You'll have peace of mind knowing that you can count on your insurance company to help get your life back to normal quickly after a loss. In addition, if you choose a company with a reputation for unreliable service, you may have to spend more money to replace your stuff.
How do renters insurance rates in Dallas compare to other Texas cities?
Renters insurance in Dallas costs $1 per month more than average in Texas.
Dallas is significantly cheaper for renters insurance than the largest city in Texas, Houston, where rates are $5 more per month. However, our analysis found that Houston placed as one of the most expensive cities for renters insurance in Texas.
Monthly renters insurance rates in Texas by city
City | Average monthly rate |
|---|---|
| Amarillo | $16 |
| Arlington | $18 |
| Austin | $17 |
| Brownsville | $20 |
| Carrollton | $18 |
Frequently asked questions
How much does renters insurance cost in Dallas?
The average cost of renters insurance in Dallas is $19 per month, which is $1 per month more expensive than the Texas state average.
Who has the cheapest renters insurance in Dallas?
Lemonade has the cheapest renters insurance rates in Dallas at $14 per month, on average. That's $5 less per month than most Dallas renters pay.
Is renters insurance required in Dallas?
Renters insurance is only required if your landlord or property management company states that you need to buy a policy in your rental agreement. Most of the time, they'll ask to be named on the policy, which means they'll be notified if you cancel your coverage.
Methodology
To find the best renters insurance companies in Dallas, we considered three main factors:
- Affordability
- Coverage options
- Quality of customer service
We found the average cost of renters insurance by gathering quotes from six of the largest insurance companies in Dallas that offer online quoting.
Rates are based on a 25-year-old single man living alone, with no history of insurance claims and the following coverage limits:
Coverage | Limit |
|---|---|
| Personal property | $30,000 |
| Personal liability | $100,000 |
| Medical payments | $1,000 |
| Deductible | $500 |
To determine the best customer service, we considered information from three sources:
- The National Association of Insurance Commissioners (NAIC) Complaint Index assigns each company a score based on the number of complaints it receives relative to its size.
- The J.D. Power annual renters insurance customer satisfaction survey contacts customers to determine satisfaction with their insurance company in a number of areas, including its claims process and shopping experience.
- Our ValuePenguin editor rating is based on customer service reviews, coverage availability and options, and the overall value an insurance company provides renters.
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.