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The Best Renters Insurance, According to the Internet

Quid Picks

Our team of researchers, data analysts, and storytellers combed through reams of information and reviews to uncover the 10 best renters insurance policies currently available—whether you’re a first-time renter in a shoebox apartment or a family of four in a duplex.

We scoured the Internet looking for the best renters insurance policies out there. Our team read all the reputable expert takes they could find, analyzed countless customer reviews, and considered the nuts-and-bolts of every policy from disaster coverage to property cataloguing. Then we synthesized that into our agnostic Quiddity Score. We didn’t pick this renters insurance policy based on our own whims and coverage needs—the collective wisdom of the Internet did.

Read more about our methodology here.


The Quid Pick: Lemonade


Quiddity Score of 88.0

After assessing insights from every perspective that matters, from consumers and experts to brands and retailers, the results are in.

Quid-Picks lemonade-renters-insurance

Lemonade is disrupting the insurance industry with a groundbreakingly transparent business model. It takes a flat 20% fee for operations, handles claims super fast through AI technology (25% of claims are paid through the app in 3 seconds), and donates whatever unclaimed money is left over each year to charities chosen by its members. The company’s first annual “giveback” in 2017 resulted in $53,174 distributed to 14 charities, and this number is only expected to grow as more people sign up. Who ever thought fast, easy, and socially responsible would be used to describe an insurance company?

Buy Now Get a quote from Lemonade ($145 annual premium based on Quiddity's independent analysis)

Learn More Check out the Lemonade Product Page on Quiddity


The Best Renters Insurance for Your Needs


The Quid Pick might not be ideal for everyone. Different homes have different needs. Here are a few options the internet loves, for everyone from first-time renters to young families.


The First Time Renter

The main reason you and your roommates are shopping for renters insurance is because your landlord requires it. You’re a recent college grad living in the city, juggling student loans and bar tabs. Your possessions aren’t super valuable. Your electronics and furniture are likely Craigslist finds.

What to look for: Personal liability coverage (for that housewarming party), a higher deductible (reduces your premium), actual cash value reimbursement (this will lower the premium, but give you the depreciated value of stolen or damaged items), relatively low jewelry/electronics cap (under $1500), online portal/smartphone app, named perils coverage (covers incidents explicitly stated in the policy)

Quiddity recommends: Lemonade ($145 annual premium based on Quiddity's independent analysis)

Jetty ($150 annual premium based on Quiddity's independent analysis)


The Apartment Upgrader

You’re renting your first one-bedroom apartment and furnishing your place with nicer (and more expensive) home goods. You’ve got more expendable income than you did in your early 20s and want to insure your new purchases.

What to look for: Replacement cost value reimbursement, loss of use coverage (covers living expenses incurred should your home become uninhabitable), medium-high jewelry/electronics cap ($1500-$2000), online portal/smartphone app, named perils coverage (covers incidents explicitly stated in the policy)

Quiddity recommends: Lemonade ($145 annual premium based on Quiddity's independent analysis)

Liberty Mutual ($230 annual premium based on Quiddity's independent analysis)

State Farm ($125 annual premium based on Quiddity's independent analysis)


The Young Family

You and your partner just moved into a two bedroom because your kid grew out of their crib. A kid means more stuff. And that stuff needs to be insured. Strollers aren’t cheap. Plus, you’ve accumulated progressively nicer items over the years together—jewelry, art, a nice whiskey collection perhaps—that you want covered.

What to look for: Floater jewelry coverage (and any other “riders” for high-ticket items), replacement cost value reimbursement, relatively high jewelry/electronics cap ($2000-$2500), off-premise theft coverage, coverage bundles (bundle renters insurance with auto, health, and life insurance for savings on the premium), named perils coverage (covers incidents explicitly stated in the policy), possibly pet coverage

Quiddity recommends: Farmers Insurance ($175 annual premium based on Quiddity's independent analysis)

State Farm ($125 annual premium based on Quiddity's independent analysis)

MetLife ($150 annual premium based on Quiddity's independent analysis)


The Growing Family

You’re living in a suburban neighborhood or urban duplex with a relatively fixed income. You need coverage for your kids, pets, and multi-bedroom home. You’re willing to pay a little more to protect your pricier possessions.

What to look for: Floater jewelry coverage (and any other “riders” for high-ticket items), replacement cost value reimbursement, high jewelry/electronics cap (over $5000), off-premise theft coverage, coverage bundles (bundle renters insurance with auto, health, and life insurance for savings on the premium), all-risk coverage (covers anything not explicitly excluded in the policy), possibly pet coverage

Quiddity recommends: Allstate ($175 annual premium based on Quiddity's independent analysis)

Liberty Mutual ($230 annual premium based on Quiddity's independent analysis)

MetLife ($150 annual premium based on Quiddity's independent analysis)


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