Finding the right home insurance for renters can be a daunting task. With so many options available, it can be overwhelming to know which company to trust. In 2021, there are a few standout companies that offer comprehensive coverage and excellent customer service for renters. We’ve researched and compiled a list of the top 5 home insurance companies for renters in 2021 to help you make an informed decision.
1. Lemonade
Lemonade is a popular choice for renters insurance due to its easy-to-use platform and affordable rates. With Lemonade, renters can get coverage for their personal property, liability, and additional living expenses in the event of a covered loss. The company also has a strong focus on social good, as they give back a portion of unclaimed premiums to charities chosen by their customers.
2. State Farm
State Farm is a well-established insurance company known for its reliable coverage and exceptional customer service. Renters can benefit from State Farm’s customizable policies and access to a network of agents for personalized assistance. State Farm also offers discounts for policy bundling and added security features in the rental unit.
3. Allstate
Allstate is a top contender for renters insurance with its wide range of coverage options and competitive rates. Renters can choose from standard policies or add-on coverage for items like electronics, jewelry, and identity theft. Allstate also offers 24/7 claim support and a user-friendly mobile app for easy policy management.
4. Geico
Geico is a trusted name in the insurance industry and offers comprehensive renters insurance coverage at affordable prices. Geico’s policies include protection for personal property, liability, and loss of use, with the option to add on coverage for high-value items and identity theft. Renters can also take advantage of Geico’s multi-policy discounts for additional savings.
5. Progressive
Progressive is known for its straightforward and transparent approach to renters insurance, making it easy for renters to understand their coverage options. Progressive offers customizable policies that can be tailored to fit each renter’s unique needs, along with discounts for policy bundling and added safety features in the rental property.
When comparing home insurance companies for renters in 2021, it’s important to consider factors such as coverage options, pricing, customer service, and reputation. The top 5 companies listed above all excel in these areas and offer valuable protection for renters’ personal property and liability. By choosing one of these reputable companies, renters can have peace of mind knowing that their belongings and living space are well-insured.
