How much is renters insurance in Texas?
The average cost of renters insurance in Texas is $19 a month, which is 29% above the national average. However, for lower coverage amounts, rates can start as cheap as $14 a month.
|Coverage amount||Average cost per month||Average cost per year|
|Source: National Association of Insurance Commissioners (2019)|
The cost of renters insurance typically increases as you buy more coverage. For example, if you buy around $44,000 of coverage, you can expect to pay $24 a month, or $282 a year, on average. Increasing your coverage only adds a few bucks a month, so we recommend getting enough coverage to give you peace of mind.
Renters insurance is one of the cheapest types of insurance, making it an affordable financial protection. Renters insurance goes beyond covering your belongings: it can also pay court and medical fees if you are sued after injuring someone or damaging their property.
Texas renters pay $19 a month to cover their stuff.
Renters insurance companies in Texas
There are many renters insurance companies in Texas to choose from. Coverage may vary slightly between companies, but for the most part, renters insurance coverage is standard. Customer service and satisfaction will vary between insurers, though.
QuoteWizard uses two ratings to compare renters insurance companies’ level of customer service: J.D. Power’s renters insurance study and the NAIC Complaint Index. The Complaint Index indicates how many complaints a company has received relative to its size, so higher numbers mean more complaints.
|Company||2019 J.D. Power overall satisfaction||2019 NAIC Complaint Index (lower is better)|
|Texas Farm Bureau Insurance||—||0.11|
|Auto Club of Southern California||3/5||0.22|
|*Only available to military service members, veterans and their eligible family members.|
Based on these ratings, State Farm, USAA and Auto Club of Southern California offer some of the strongest customer service in Texas. In addition to these ratings, you should consider what you value in a company. Do you want 24/7 claims service? A local office where you can meet face to face with an agent? These are all questions you should think about in addition to price.
There is no single best renters insurance company for everyone, as it is a balancing act of service quality, coverage and cost. That’s why we recommend getting a few quotes from companies you’re interested in. With QuoteWizard, you can do that all in one place, as we partner with thousands of insurance agents.
Find cheap renters insurance in Texas.
Renters insurance quotes in Texas
Whether you’re purchasing renters insurance for the first time, want to change companies or are just shopping around, getting multiple quotes is one of your best tools. Quotes summarize your policy and let you know how much coverage you’re being offered, and for what price.
Texans have many environmental factors to consider. Although renters don’t have to worry about insuring the structure of their home, everything from fires to hurricanes and tornadoes can damage your personal property.
Renters insurance quotes should outline your coverage limits, usually for four coverages: personal property, personal liability, medical payments to others and loss of use. You should make sure there aren’t substantial coverage exclusions in your quote. Many insurers also allow you to customize the quote, like adding discounts or riders.
Taking advantage of discounts
Renters insurance companies almost always offer discounts that can lower your premium. You should be sure that all of the discounts available to you have been added to your quote to get the lowest rates for you. For example, most insurers include discounts for:
- Bundling policies.
- Fire and burglary alarms.
- Automatic payments.
- Claims-free history.
- Living in a gated community.
- Reinforced windows.
If you don’t see a discount on your quote that you think you qualify for, ask the agent if you can add it.
Adding riders to your quote
Some of your belongings are subject to “special limits of liability,” which means they have lower coverage limits. For example, it's common for renters insurance policies to only cover $1,500 for the theft of jewelry, watches and furs.
If you review your quote and find that you have belongings that won’t be fully covered by your policy, you should try to add a rider, sometimes called an endorsement or floater. Riders can increase coverage limits or give you coverage for more scenarios. Adding riders to your quote is a good way to ensure you are getting the protection your unique situation calls for.
Renter laws and requirements in Texas
Renters insurance is locally regulated at the state level, so Texas has its own Department of Insurance. The Texas Department of Insurance (TDI) has a Consumer Bill of Rights, which gives consumers a degree of protection.
For example, renters insurance companies cannot deny you coverage in Texas solely based on your credit score — additional rating factors must be used. Insurance companies are also not allowed to mislead or deceive you, and must provide notice of reduced coverage.
The TDI does not require you to buy renters insurance, however, your landlord can require it as a condition of your lease. Even if your landlord doesn't make you buy renters insurance, we still recommend getting coverage for you and your home.
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