Who Has the Cheapest Renters Insurance in Washington DC?
Who Has the Cheapest Renters Insurance in Washington DC?
Amica has Washington, D.C.'s best cheap renters insurance, with an average rate of $11 per month.
Best cheap renters insurance companies in Washington, D.C.
ValuePenguin analyzed five of the top renters insurance companies available in Washington, D.C., to find the best options for you.
Cheapest renters insurance companies in Washington, DC
Amica has the cheapest renters insurance in Washington, D.C.
Amica's average rate is $11 per month, which is 30% cheaper than the city average. The average overall cost of renters insurance in Washington, D.C., is $15 per month, or $182 per year.
Find Cheap Renters Insurance Quotes in Washington D.C.
Amica is a bit cheaper than Lemonade, a difference of about $22 per year. Renters insurance rates in D.C. are about in line with those of neighboring Maryland and Virginia.
Best insurance for most renters in DC: Amica
Amica has the lowest rates and best customer service we found for Washington, D.C., renters. Amica's average rates are 30% cheaper than the city average and 15% less than the next cheapest option.
Amica also receives only around 12% as many complaints as an average insurance company its size, according to the National Association of Insurance Commissioners (NAIC). This is a good indicator that Amica customers are generally happy with how their claims are handled.
Amica customers can also lower their rates even more with a wide range of discounts:
- Autopay discount
- Bundling discount
- Claim-free discount
- Loyalty discount
- Paperless discount
Amica customers have few ways to augment their coverage. They can add identity theft protection, extra coverage for valuable items and replacement cost coverage but can't get water backup coverage or equipment breakdown coverage.
Best renters insurance for online experience: Lemonade
Lemonade offers a modern online experience that makes getting a policy or filing claims less of a hassle and has some of the cheapest rates in Washington, D.C. The company's price of $12 per month is 18% less than the city average, a savings of $33 per year.
You can get a policy online quickly from Lemonade, as the company uses property databases to save you the time of looking up details about your home. The company does not require you to talk to an agent to get a policy. Lemonade also has features that allow for quick claim payouts in certain circumstances.
Lemonade has strong customer reviews and few complaints, a sign that customers are satisfied with their service.
Lemonade has one of the highest scores in J.D. Power's annual customer satisfaction survey. The company also receives a smaller number of complaints than an average company its size, according to the NAIC.
Lemonade's biggest downside is that its renters coverage cannot be bundled with car insurance in Washington, D.C., from the same insurer. Also, if you want to work with an agent, you should look at another company.
Best for coverage options: Travelers
Travelers is a top option for Washington, D.C., renters who want the most protection for their property. The company offers a wide range of extra coverage options to add to your policy.
Travelers renters insurance coverage options
- Equipment breakdown coverage
- Valuable items coverage
- Extended liability coverage
- Identity theft coverage
- Replacement cost coverage
- Flood insurance
- Decreasing deductible
Adding those coverages will increase Travelers' already high rates. The company's price of $18 per month is 22% more expensive than the Washington, D.C., city average.
Travelers also has a mixed reputation for customer service. It has the lowest score on the most recent J.D. Power customer service survey, but it also receives a low rate of complaints, according to the NAIC.
Best renters insurance in Washington, DC
Amica is the top-rated renters insurance company in Washington, D.C., according to ValuePenguin's multifactor formula.
Amica has good customer service ratings from J.D. Power and a low rate of complaints compared to an average company its size. It also has the cheapest rates in Washington, D.C.
Good customer service from your insurance company can be crucial in getting things back to normal after your property is damaged or stolen. Smooth service can save you time and alleviate stress, as well as get you the money to replace your things more quickly.
Frequently asked questions
How much is renters insurance in Washington, DC?
Renters insurance costs around $15 per month, or $182 per year, in Washington. D.C. Amica has the city's cheapest rate: $11 per month.
Do you need renters insurance in Washington, DC?
Washington, D.C., does not legally require renters insurance, nor does any state. However, many landlords will require it and require you to list them as a party of interest.
What is Washington, DC's best renters insurance?
Amica Mutual has the top-rated and cheapest renters insurance. It offers rates 30% cheaper than average and dependable customer service.
ValuePenguin analyzes three main factors to find the best renters insurance in Washington, D.C.: price, coverage options and customer service reputation.
Renters insurance quotes were collected from five large renters insurance companies available in Washington, D.C., for multiple addresses.
Rates are for a 27-year-old single man with no roommates or pets and no history of insurance claims. Policies include $30,000 in personal property coverage and $100,000 in liability coverage.
To find the best customer service, we considered information from three sources:
- The National Association of Insurance Commissioners (NAIC) complaint index scores insurance companies based on the number of complaints they receive relative to their size.
- The J.D. Power annual renters insurance customer satisfaction survey asks customers about how satisfied they are with their insurance company in a number of areas, including claims processes, policy offerings, price, billing and shopping experience.
- Our ValuePenguin editor rating is based on customer service ratings, coverage availability and options, and the overall value a company provides to its customers.
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.