Compare Renters Insurance

Finding the Best Renters Insurance Policy

How to find the right coverage that works for you.

Street of well preserved old apartment buildings. Compare renters insurance.

Your home should be a safe space where you feel protected, regardless of if you own or rent it. You want to not only feel secure in the building's structure, but also have peace of mind that your personal belongings are covered. That's where having the right renters insurance comes in.

Fortunately, it's easy to find quality renters insurance in your area with just a bit of guidance. For your convenience, we developed a proprietary scoring system to find the best 20 renters insurance companies out there. With the help of an independent insurance agent, you can shop with confidence. 

Renters Insurance Statistics

Here are some quick stats about the renters insurance market before you start your journey of finding the right coverage for you.

  • The renters insurance market is currently estimated at $4.1 billion. 
  • You can get a renters insurance quote in less than 5 minutes, and a policy in less than 30 minutes.
  • Insurance professionals recommend that you get at least 3-5 quotes before choosing a policy.

No matter how fast the average policy is written, you can help speed your process up even further by enlisting the help of an independent insurance agent. They know which companies to recommend for renters insurance in your area, and how to find the best rates.

How Our Renters Insurance Company Score Works

Our scoring system reflects what you, the consumer, are looking for. Most likely, you're in search of a company that’s easy to get ahold of if you have questions or a claim to file, keeps their coverage promises, and values their customers. That’s why we ranked over 200 insurance companies in each of these areas.

  • Accessibility: Measures how easy each company is to communicate with. Companies with 24/7 claims reporting, a strong social media presence, and extended hours (beyond the boring 9-to-5) scored higher.
  • Strength: Measures if a company trusts its reputation to speak for itself. Companies who work with independent insurance agents, have high financial security ratings, and have spent more than 20 years in business rank higher.
  • Service: Measures how happy the company’s customers are with their coverage and service. We've collected rankings from around the web to create and accurate snapshot of which companies go above and beyond.

We’re not swayed by advertising dollars or under-the-table PR conversations. All the information we considered is publicly available on the internet. Our job was to collect it for you, so you can more easily make informed decisions about your renters insurance.

Top 20 Renters Insurance Carriers Accessibility Strength Customer Satisfaction
Travelers 5 Stars 5 Stars 5 Stars
Central Insurance Company 5 Stars 5 Stars 5 Stars
NYCM Insurance 5 Stars 5 Stars 5 Stars
Progressive Insurance 5 Stars 5 Stars 5 Stars
Liberty Mutual Insurance 5 Stars 5 Stars 5 Stars
Nationwide Insurance Companies 5 Stars 5 Stars 4 Stars
West Bend Mutual Insurance Company 4 Stars 5 Stars 5 Stars
Acuity Insurance 5 Stars 5 Stars 4 Stars
Erie Insurance 3 Stars 3 Stars 3 Stars
Grange Insurance 3 Stars 3 Stars 3 Stars
Farmers Insurance 3 Stars 3 Stars 3 Stars
Amica 3 Stars 3 Stars 3 Stars
The Hartford 3 Stars 3 Stars 3 Stars
Shelter Insurance Company 3 Stars 3 Stars 3 Stars
The Hanover Insurance Group 3 Stars 3 Stars 3 Stars
State Auto 3 Stars 4 Stars 3 Stars
Safeco Insurance Companies 3 Stars 4 Stars 3 Stars
Foremost 3 Stars 4 Stars 3 Stars
Stillwater 3 Stars 3 Stars 3 Stars
Main Street America 3 Stars 4 Stars 3 Stars

What the Score Means

One of our goals is to recognize the companies going above and beyond, not just the ones failing to meet the mark. A total of 5 points (i.e., stars) are possible in each area, for a total of 15 points. 

Here’s what each rating means in each area:

  • 1 star: Average
  • 2 stars: Above Average
  • 3 stars: Excellent
  • 4 stars: Superior
  • 5 stars: Perfect! This company earns the Trusted Choice Seal of Approval.

Get to Know Our Top 10 Renters Insurance Companies

1. Travelers

Travelers earned a perfect 5-5-5 score in the car, home, renters, and business insurance categories, gaining them our top spot. Travelers has one of the best websites in the insurance industry, an excellent reputation for customer service, and rock-solid financial strength. 

Travelers even has an A++ rating (i.e., the highest possible) from AM Best, the insurance industry’s leading credit rating agency. Even better, they sell their products exclusively through independent insurance agents. 

Travelers was founded in 1853, making them one of the oldest companies on this list. They’re also one of the largest, offering insurance in five countries with more than 30,000 employees dedicated to serving their customers. 

2. Central Insurance Companies

Central Insurance Companies is our first runner-up because of their stellar customer service and work with independent insurance agents. They offer 24/7 claims reporting on top of extended customer service hours (i.e., 8 a.m. – 7:30 p.m. every day, including weekends). They’re also extremely stable, having been around since 1876, with an A rating from AM Best. 

3. NYCM Insurance

We loved NYCM’s 24/7 claim service, online bill pay, and other modern website features, which secured them their spot as our second runner-up. Their commitment to independent insurance agents and A rating from AM Best didn’t hurt either.  

4. Progressive

One of the most recognizable insurance companies in the US, Progressive landed on our Top 10 list because of their extremely high AM Best rating of A+ and 24/7 customer service. Progressive is known for speedy claims service and their willingness to provide insurance to just about everyone. 

We also love that Progressive works with independent insurance agents to help you get the coverage you need. Today they offer renters, car, home, business, and life insurance along with a variety of niche products.

5. Liberty Mutual

Liberty Mutual ranks high on our list because of their financial strength and user-friendly tools. They’re the third-largest property and casualty insurance company in the US, a Fortune 68 company with about 50,000 employees worldwide. 

Liberty Mutual offers easy online quotes and clearly spells out what each type of policy covers on their life insurance homepage. Liberty Mutual is also rated A by AM Best. 

6. Nationwide

Nationwide is another practically perfect 5-5-4 runner up. Their superior online services, size, stability, and choice to work with independent insurance agents pushed them close to the top of our rankings for renters insurance. 

Nationwide is especially good if you’re looking for discounts, with potential savings clearly spelled out on their site. Their size and range of products lets you mix and match coverage for maximum discounts and benefits for you. Nationwide is also rated A+ by AM Best.

7. Acuity

Acuity scored highly thanks to their own 5-5-4 score. We loved how easy it was to access important information on their official website, and the fact that they offer 24/7 claims reporting. Acuity has an A+ rating from AM Best, and their products are exclusively available through independent insurance agents. 

Another thing we love about Acuity is their easy-to-understand discount programs. For home insurance shoppers, they offer a generous discount through their Road and Residence program. If you bundle renters and car insurance through Acuity, you can save up to 20% on both coverages. Not too shabby.

8. Erie Insurance

Erie ranked in our Top 10 thanks to their awesome service, access, and stability  offered to customers. Their website was also impressive, offering online quotes,  24/7 claims reporting and online payment options. Erie also has extensive evening and weekend customer service hours, and an exceptional A+ rating from AM Best. 

Erie is a Fortune 500 company offering renters, car, life, business and home insurance through thousands of independent agents nationwide. They’re a great choice if you’re looking to bundle multiple types of coverage, like home and car insurance, at a discount.

9. Grange Insurance

Grange’s 24/7 support earned them a top spot on our list. Grange offers a wide range of personalized coverage options. If you need a little extra guidance, they also have a regularly updated blog about insurance topics and current events. They have a strong A- rating from AM Best.

Grange Insurance offers generous savings to customers in 13 different states. They work exclusively with expert independent insurance agents to provide auto, home, renters, business, and life coverage.

10. State Auto Insurance

Rounding out our Top 10 list for renters insurance companies, State Auto has been around in the insurance industry for nearly a century and has high ratings through AM Best and the BBB. The carrier has demonstrated solid and increasing financial strength and provides quality coverage to folks in most states across the US. 

We also love that the carrier works with independent insurance agents to provide their customers with the best overall insurance experience possible. They also offer plenty of modern features on their website.

Why Are Independent Insurance Agents Awesome?

It’s simple. Independent insurance agents simplify the process by shopping and comparing insurance quotes for you. Not only that, but they’ll also cut the jargon and clarify the fine print, so you know exactly what you’re getting.

There’s no business too small for our independent insurance agents. They have access to multiple insurance companies, ultimately finding you the best renters coverage and competitive pricing while working for you.

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