Renters Insurance

The Best Cheap Renters Insurance in Texas

The Best Cheap Renters Insurance in Texas

Renters insurance only costs a few dollars per month, but it's absolutely worth the investment. We collected dozens of renters insurance quotes across Texas to find the best renters insurance companies in the state.

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The average cost of renters insurance in Texas is $26 per month, or $312 per year.

Lemonade offers the best price for renters insurance in Texas at a rate of $18 per month. However, we don't recommend buying based on price alone; coverage options and customer service are just as important.

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Best for most people: Travelers

Travelers has great prices and coverage options, making it our top recommendation in Texas.
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Read our full review of Travelers insurance.

The good:

  • Affordable rates
  • Lots of coverage options
  • Excellent financial stability

The bad:

  • Average customer service
  • Must pay for year of coverage upfront

We recommend Travelers insurance to most renters in Texas. At just $18 per month, it offered one of the best prices we found and has a wide range of coverage options available, too.

We were particularly impressed by the range of coverage options available at Travelers. It has more options than any other company we looked at, and a few options not usually available at other companies. This includes water backup coverage and equipment breakdown, which pays to repair things like your dishwasher if it stops working.

The biggest drawback to Travelers is that all its renters policies are sold on an annual basis. While the total average cost breaks down to $18 per month, you'll have to pay the total $216 cost up front. You can get a refund if you decide to cancel midyear, however.

Additionally, Travelers' customer service is merely average. It has a complaint index from the National Association of Insurance Commissioners (NAIC) of 0.98. That means it's received 98% as many complaints as you'd expect given its size. That puts it slightly below average nationally, but it's higher than many of the other companies we looked at in Texas. And its J.D. Power rating of 796 is worse than the other companies we looked at, too.

Best for affordable coverage: Lemonade

Lemonade's rates are the cheapest around.
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Read our full review of Lemonade Insurance.

The good:

  • Most affordable rates we found
  • Easy-to-use smartphone app

The bad:

  • Poorlyrated customer service
  • Limited range of extra coverages

The absolute lowest prices we found for renters insurance are from Lemonade, with a typical price of $18 per month. And rates are even lower for renters who opt for lower coverage limits — as low as $5 per month for $10,000 of coverage, depending on your deductible and where you live.

However, Lemonade isn't a good choice for renters who need a lot of coverage options. The company has basic benefits like valuables and loss of use coverage but lacks others such as identity theft protection.

Lemonade is available exclusively through its app. You can get a quote and buy a policy online, but you'll need to download the app to manage your policy or make a claim.

Lemonade's customer service is not particularly highly rated, either. It has a 2.45 NAIC complaint index, meaning it's received 245% as many complaints as a typical insurance company.

Best customer service: State Farm

We're big fans of State Farm's dependable customer service.
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Read our full review of State Farm insurance.

The good:

  • Well-rated customer service
  • Excellent financial stability

The bad:

  • Moderately high cost of coverage

If you're looking for a renters insurance company with top-notch customer service, look at State Farm. While its rates weren't the cheapest we found, the positive reviews it's gotten from customers make it a great choice for renters who want the best service available.

State Farm has an NAIC complaint index of 0.38. That means it's received just 38% as many complaints as a typical insurance company nationwide and suggests that State Farm customers tend to be satisfied with the service they receive.

Prices at State Farm are about average for Texas. We found a typical rate of $25 per month, which is $1 cheaper than the average among every company. We also like the range of coverage options available. State Farm has extended liability coverage and valuable items coverage, among others.

As the nation's largest insurance company, State Farm provides a wide range of insurance products, including auto, boat and life insurance. That makes it a convenient one-stopshop for renters looking to manage all their policies under a single company.

How we chose the best renters insurance in Texas

When evaluating renters insurance companies in Texas, we consider three main criteria: affordability, coverage options and customer service.

  • Affordability: Does the insurer offer low prices for a renters insurance policy?
  • Coverage options: Does the insurer have a wide range of coverage options that will be appealing to renters?
  • Customer service: Do customers tend to be happy with the service they receive from this insurer?

Affordability: Finding cheap renters insurance in Texas

The average cost of a renters insurance policy in Texas is $26, but we found a substantial difference in price across insurers. The cheapest renters insurance company, Lemonade, was less than half the price of the most expensive option, Farmers. That means Texans can save up to $275 per year by switching renters insurance providers.

Bar chart comparing the monthly cost of renters insurance companies in Texas.

Bar chart comparing the monthly cost of renters insurance companies in Texas.
Monthly cost
State average$26
Liberty Mutual$25
State Farm$25

Our selected levels of coverage were:

  • Personal property coverage: $30,000
  • Liability coverage: $100,000
  • Medical payments coverage: $1,000
  • Deductible: $500
  • Loss of use: $0

Compare cheap renters insurance options in Texas

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Coverage options: Comparing renters insurance policies and benefits

Every renter has different coverage needs. Where you live, how much property you have and whether you have someplace to stay if something goes wrong can all impact what kind of coverage you need.

With that in mind, we look for a broad range of useful renters insurance coverages when making our pick. Here are some key optional coverages to consider when buying renters insurance:

  • Replacement cost coverage: Covers the full cost to replace an item after it's damaged or stolen, rather than the depreciated value.
  • Valuable items: Pays the full cost of high-value items like musical instruments and electronics, which often have limited protection under typical policies.
  • Water backup: Pays to repair or replace items damaged by water due to backup from a drain.
  • Flood insurance: Covers damage to your property due to flooding, which is always excluded from coverage on normal renters insurance policies. Usually sold as a separate policy, not as an endorsement to renters insurance.

Every renters insurance we considered provided all of the following basic coverages. If you're looking at a renters insurance company that doesn't offer all of the following, you may want to look elsewhere:

  • Personal property coverage: Pays to repair or replace any of your personal property if it's damaged or stolen. Covers things like furniture, clothing, appliances, electronics and more.
  • Additional living expenses: Pays for a short-term rental or other accommodation if your apartment is unlivable due to a covered peril.
  • Liability coverage: Pays for damages to other people that you are responsible for, such as if a guest is injured in your home.
  • Medical payments coverage: Pays for the cost of medical care of others while they are at your home, without considering who is at fault.

Customer service: Evaluating insurer quality in service and claims

Choosing a renters insurance company with strong customer service is essential. An insurer with great customer service will be there to answer questions and help you navigate your policy, which is especially important when you're making a claim.

To evaluate the customer service of renters insurance companies in Texas, we considered three main metrics: the NAIC Complaint Index, J.D. Power's rating and the A.M. Best Financial Strength Rating (FSR).

NAIC Complaint Index
J.D. Power rating
A.M. Best FSR
Lemonade2.45N/AA (Demotech)
Liberty Mutual0.70N/AA
State Farm0.38831A++

Lemonade Insurance was not rated by A.M. Best. Instead, it was rated by Demotech, a competing financial strength analysis company.

NAIC complaint index: compares the number of complaints an insurance company has received relative to its size. A smaller number means fewer complaints, and the national average is 1.00. Includes complaints related to both homeowners and renters insurance. J.D. Power rankings: A survey of renters insurance customers and how they feel about their provider. Includes price, coverage options and customer service. Scored out of 1,000, and the national average is 835. A.M. Best FSR: An evaluation of the financial strength of an insurer, rated from D to A++. The better a company's FSR is, the more likely it is to be able to pay out claims, even in cases of high claim demand (such as after a natural disaster) or economic downturn.

Texas renters insurance: Costs by city

Besides a statewide insurance rate comparison, we also did a city-by-city analysis of how much renters insurance costs across the state of Texas, as well as how each city compared to the statewide average of $26.

% Difference from average
San Antonio$286%
Fort Worth$274%
El Paso$24-10%
Corpus Christi$3844%
Show All Rows

The cost to buy renters insurance changes according to state, too. To see how renters insurance prices in Texas compare to rates nationwide, see our renters insurance cost study.


To find the best renters insurance in the state of Texas, we collected quotes for sample renters in 25 cities across the state from six major renters insurance companies. All our sample policies are for a single 30-year-old man who has never made a claim to his renters insurance.

He's protecting himself with $30,000 of personal property coverage with a $500 deductible and $500,000 of liability protection.

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.