Are you renting a property in Texas?

If so, use this review and guide to help you find the best renters policy for your needs.

The one constant with insurance is that it can be confusing and it doesn't get easier when you also need to have the best price. 

In this post today we’ll look at some of the best renters insurance companies, like Lemonade, our best overall pick.

Our #1 Pick

lemonade logo large

Lemonade is our #1 pick overall for renters insurance in Texas. Their application is super fast, their site is easy to navigate, and they have some of the lowest rates.

renters insurance texas

Find Out Who Made Our List of Best Renters Insurance In Texas.

Plus More Details On Each Company, Why You Need Renters Insurance, What Does It Cover, And How To Apply For Coverage.

renters insurance texas

Find Out Who Made Our List Of Best Renters Insurance In Texas.

Plus More Details On Each Company, Why You Need Renters Insurance, What Does It Cover, And How To Apply For Coverage.

1. Lemonade

5.0

lemonade logo large

Best overall renters insurance

No matter your age, the type of property you’re renting, or what you need coverage for, Lemonade has you covered. The company offers affordable, customizable policies to Texas residents and brings insurance into the modern world. 

Here’s a look at why Lemonade is out #1 pick:

  • Keep premiums low by relying heavily on technology, such as AI
  • Account management is super simple inside the app.
  • Optional riders available to cover just about anything you can think of.
  • Discounts available for home security equipment
  • Unique giveback program, donating extra profits to charities throughout the year
  • BBB rating of A-

2. Farmers

4.0

farmers logo

Best for quick online quotes

When you’re shopping for policies, you probably don’t want to spend an hour on every website just to get a quote. Farmers Insurance knows your time is valuable, offering quick quotes and more.

Here’s why they made our list:

  • B++ (Good) AM Best rating and A+ BBB rating
  • Discounts available when you bundle policies
  • Getting a quote only takes a few moments—there’s no need to speak to an agent
  • Optional riders available to enhance coverage like identity theft protection and more.

3. Progressive

4.0

progressive logo

Best for discounts and customer service

Progressive combines generous discounts with outstanding customer service to make our list.

Here are a few highlights:

  • Generous discounts are available for multi-policy bundles, military members, and for those with a good history.
  • The user-friendly app makes it easy to find the answers you need and manage your account on the go.
  • The claims process is simple, and there will always be a team member available to help you through it.
  • Optional riders allow you to customize coverage to include identity theft, earthquakes, and sewer backups.
  • A+ BBB rating, A+ (Superior) AM Best rating

4. Quote Wizard

4.0

quote wizard logo

Best for price comparison

Quote Wizard is not an insurance company, but it does provide an excellent way to get renters insurance quotes and compare prices. 

Here’s what stands out:

  • Get multiple quotes quickly and compare prices without visiting multiple websites
  • Quote Wizard is independent, so they aren’t highlighting any particular company because of affiliations
  • You may be able to get better prices because agents on this marketplace are competing for your business

5. Liberty Mutual

4.5

liberty mutual logo

Best for young tenants

It can be hard for younger tenants to find an insurance company that won’t charge exorbitant prices. Liberty Mutual delivers on that and much more. 

Here’s what makes them great:

  • Younger tenants can qualify for just about every discount they offer, like automatic payments, buying online, and multi-policy bundling
  • Account management is simple, and the customer service team is always available to answer questions
  • A rating (Excellent) from AM Best, A rating from BBB

Is Renters Insurance Required in Texas? 

Renters insurance isn’t required by state law in Texas, but it’s still a good idea to have a policy.

Plus, your landlord can legally require you to have a renters insurance policy to rent their property.

Remember, the insurance your landlord has on their property won’t cover your apartment contents in the event of a disaster. 

best renters insurance tx

Does Texas Renters Insurance Cover Floods?

Your renters insurance policy won’t cover flood damage. It might also exclude other natural disasters like earthquakes and sinkholes.

If you want additional coverage for floods, many insurance companies do offer a flood insurance policy for renters.

THE SIMPLY INSURANCE WAY

Renters Insurance made easy.

Agents not required.

Get quotes and sign up online without talking to an agent. But, we are here if you need us.

Unbiased, expert advice.

Get unbiased insurance education from licensed experts and also avoid dodgy sales calls.

Coverage in minutes.

You can get renters insurance coverage within minutes of getting your quotes and applying.

What Does Texas Renters Insurance Cover in 2020?

Renters insurance in Texas covers your personal property, personal liability, and loss of use.

Personal property coverage means that your property damaged in a named peril on your policy is covered.

For example, if you have a candle burning, and it starts a fire that ends up ruining your couch, your couch and any other damage to the apartment will be covered.

Many insurance companies like Lemonade and Progressive offer optional riders that allow you to expand and customize this coverage.

Let’s say you’re a photographer with several thousand dollars worth of high-tech equipment. An optional rider might be available to cover the cost of replacing those electronics should they be damaged.

Policies will also cover the loss of use.

Which means if you can’t live in the unit because of a fire or other covered event, your policy will take care of the costs of staying in a hotel until you can move back. 

It could even cover expenses, like food and laundry.  Finally, renters insurance covers personal liability costs. 

There are some scenarios where you are liable to cover another person’s medical costs if they’re injured while in your apartment.

In those scenarios, your policy will cover their medical bills and any legal fees should they choose to sue you. 

INSURANCE WHERE YOU LIVE

Renters insurance by state.

How Much Does Texas Renters Insurance Cost in 2020?

The cost of your rental insurance policy will vary based on a few different factors, including how much property you need to cover, your history, and the building you’re renting in.

In Texas in 2020, the average cost of a basic renters policy is about $15 per month, which is $180 per year.

Will Renters Insurance Cover My Roommate?

No, your renters insurance will not cover your roommate.

While your policy will likely cover your children, your spouse, or any relatives that live with you, each unrelated roommate will need to have a policy of their own.

THE SIMPLY INSURANCE WAY

Renters Insurance made easy.

Agents not required.

Get quotes and sign up online without talking to an agent. But, we are here if you need us.

Unbiased, expert advice.

Get unbiased insurance education from licensed experts and also avoid dodgy sales calls.

Coverage in minutes.

You can get renters insurance coverage within minutes of getting your quotes and applying.

How Can I Buy Texas renters insurance?

Applying for renters insurance is fast and straightforward in Tx. You can do it online very quickly. 

View Your Instant Quote

First, you want to click here or any of the above buttons to start the quote process, you won't need any personal information other than the address to get your quotes fast. Once you have your quotes and pick the coverage option that works best for you, it's time to get covered.

Get Your Personal Information Together

You will need your name, address, and Social Security number. The online forms guide you through several questions to learn more about the rental you will be living in and what coverage you need. 

Start Your Online Application

Once you have all of your personal information together, your next step will be to start the application. This will be easy by just following the prompts after you complete your quote. 

Know The Safety Features Of Your Rental 

The application might ask about smoke detectors, sprinkler systems, and deadbolts. The best renters insurance will offer discounts for those features.

Sometimes, the intake form may also ask if you have pets, especially certain dog breeds. Overall the process can take less than five minutes. 

Answer Your Questions Honestly

Be sure to answer every question, truthfully. If you do not, and something happens, the company may deny your claim. Even if they do not deny your claim, you still may be committing fraud. 

Add Any Additional Interest

Some landlords may require you to add them as an additional interest; this will let them know if the policy has lapsed or when you have renewed your policy. Most companies can add this during the application process or immediately afterward.

Print Your Proof Of Insurance

Once your policy has been approved and paid for, simply print out your proof of insurance, and you're covered.

Take Action 

Our top pick for Texas renters insurance is Lemonade, with Farmers Insurance and Progressive coming in as strong runners-up.

Lemonade truly offers insurance for the modern world, offering affordable policies that cover a wide range of scenarios.

With an easy to use app and a history of giving back, they truly separate themselves from the pack of more traditional insurance companies out there. 

Don't waste any time thinking about this, if you need renters insurance, we’ve done the hard work for you. Get your free renters insurance quote today.


Aten-Re El

About the author

Aten-Re El is a Co-Founder and Chief Operating Officer of Simply Insurance as well as a licensed life & health insurance agent with over 11 years of experience. Aten-Re is responsible for the daily operations of Simply Insurance and building and procuring strong client relationships with our insurance partners.

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