1. STATE FARM
Pros
State Farm offers renters insurance for the broadest range of coverage needs, whether for a poor college students or wealthy entrepreneurs, and offers useful features and services.
Cons
This insurer does not offer live chat or FAQs on its website.
The Verdict
State Farm offers ample discounts, and its great flexibility in choosing coverage options will help you meet all your coverage needs as a renter.
State Farm Summary (Score : 9/10)
State Farm offers the best renters insurance for the broadest range of coverage needs, whether it's for a poor college student with minimal coverage for a dorm room or a wealthy entrepreneur who wants to insure his penthouse furnishings and items. The company offers all the features and services we looked for and ample discounts to help you secure a cost-effective renters' policy. Its online quote system works well, and customer service is helpful and knowledgeable, though you may be referred to a local agent. This insurer will meet all your coverage needs as a renter.
Official site : https://www.statefarm.com/insurance/home-and-property/renters
2.GEICO
Pros
The company offers every feature and service we looked for, and several policy discounts with ample coverage amounts and options.
Cons
GEICO only covers up to $200 for silverware and goldware, unless you purchase an enhancement to boost the coverage. It has no live chat on its website.
The Verdict
Volume sales and several underwriters allow GEICO to shop for the best quotes for your renters insurance to potentially offer you a good price. You can't go wrong with Geico.
Summary (8.7/10)
GEICO offers top-rated renters insurance through several underwriters, which gives the company leeway to offer cost-effective policies because of greater volume of policy underwriting. The company offer ample discounts based on security and safety, and whether you have a good claims record. Basic coverage and deductibles offered in its renters insurance should meet all your needs, and the company offers every feature and service we looked for. Depending on the rates offered in your region or city, you likely can't go wrong with GEICO.
Official site : https://www.geico.com/getaquote/renters/
3.TRAVELERS
Travelers is a solid company that offers various safety, security and reliability discounts with efficient services and support.
Cons
This insurer does not offer renters insurance in Florida, Louisiana, Hawaii and Alaska.
The Verdict
Travelers will write almost any policy you need, with sufficient coverage to protect your personal belongings and provide liability coverage for visitors who may be injured on your rental property.
Summary (Score : 8.4/10 )
Travelers renters insurance offers several discounts to potentially get you a good premium on your insurance. It has maximum coverage amounts in both property and liability that are high enough to meet most any renter's coverage needs, to give you security and peace of mind. It offers an online quote system that is easy to navigate and lets you change coverage scenarios for varied quotes. The company offers renters insurance in only 46 states, but it rates Superior in financial strength and will likely meet all your renters insurance needs if you live in one of the 46 states this company covers.
Official site : https://www.travelers.com/
4. ALLSTATE
Pros
Allstate has an excellent coverage calculator to help you determine the value of your belongings to ensure that you get the right amount of coverage. It offers a low deductible of $250.
Cons
The company does not offer as many discounts and credits as some of its competitors.
The Verdict
Allstate is a solid insurance company with good customer service to meet all middle-class renters' insurance needs.
Summary (Score : 8.1/10)
Allstate renters insurance seems geared for typical middle-class renters. The maximum liability coverage available is $300,000, and the maximum property coverage is $150,000. Allstate offers a relatively low deductible of $250. The company's online quote system is adequate to give you renters insurance quotes, and the company offers an excellent coverage calculator to help you determine the value of your property. Allstate rates highly in financial strength and will help you get the coverage you need for security and peace of mind.
Official site : http://www.allstate.com/renters-insurance.aspx
5. AMERICAN FAMILY INSURANCE
Pros
American Family Insurance has the best online quote function of any insurer in our lineup and offers low and high coverage amounts to appeal to a broad swath of renters.
Cons
This renters insurance is available in only 19 states.
The Verdict
This insurer provides solid renters insurance with decent discounts and ample coverage amounts if you live in one of the 19 states in which it offers renters insurance.
Summary (Score : 8/10 )
American Family Insurance provides solid renters insurance with decent discounts and ample coverage amounts if you live in one of 19 covered states. If not, you'll have to get home and contents insurance through another insurer.
Official site : http://www.amfam.com/products/home/renters-insurance.asp
6. FARMERS INSURANCE
Pros
Farmers offers a low minimum in property coverage, and ample discounts that make this renters insurance ideal for college students and those just starting out in a small apartment.
Cons
You cannot purchase this policy online, and must go through a local agent.
The Verdict
Farmers offers some decent policy coverage for property and liability, but it lacks online services and features offered by some competitors.
Official site : http://www.farmers.com/renters/
7. LIBERTY MUTUAL
Pros
Liberty Mutual renters insurance is offered in all 50 states, and you can pay monthly without an extra fee.
Cons
This renters insurance does not include a payout for personal business property, and your belongings are not covered off premises.
The Verdict
Liberty Mutual can provide you with sufficient coverage to meet your personal property and liability coverage needs.
Summary (Score : 7.7/10)
Liberty Mutual offers ample coverage amounts for renters insurance in all 50 states. You can pay monthly without an extra fee. It does not include a payout for personal business property that you may have in your apartment, and your belongings are not covered off premises. If those factors don't affect you, then this renters insurance may be good for you.
Official site : http://www.libertymutual.com/home-insurance/home-products/renters-insurance
8. NATIONWIDE
Pros
Nationwide is rated A+, or Superb, in financial strength and does not charge extra if you want to pay monthly.
Cons
Nationwide does not offer online quotes or renters insurance in all 50 states.
The Verdict
If you like personal service by phone, Nationwide can provide you with adequate content insurance to cover your apartment.
Summary (Score : 7.2/10 )
Nationwide insurance offers competitive coverage options but does not offer renters insurance in all 50 states. Another drawback is that you cannot get an online quote with this home and contents insurance company. You must go through an agent. If you like person-to-person service, Nationwide can provide you with adequate content insurance to cover your rental unit.
Official site : http://www.nationwide.com/renters-insurance.jsp
9. PROTECT YOUR BUBBLE.COM
Pros
ProtectYourBubble.com offers the lowest full-coverage deductible of any insurer on our lineup and is the only company to offer a discount for purchasing a policy online.
Cons
This renters insurance lacks standard discounts offered by other insurers in our ranking, and you have to pay extra for monthly premiums, versus paying annually.
The Verdict
ProtectYourBubble.com is good insurance for those who like to conduct their business online and through mobile devices, and for those who seek a low deductible and low coverage amounts.
Summary (Score : 7.1/10)
ProtectYourBubble.com offers the lowest full-coverage deductible of any insurer on our lineup and the lowest minimum liability coverage, as well as a low $10,000 minimum in personal property coverage, which makes it ideal for those who don't need a lot of coverage. It lacks some standard discounts offered by other insurers in our ranking, and you have to pay extra for monthly premiums instead of paying annually. It's easy to get renters insurance quotes and purchase a policy from any mobile device, and ProtectYourBubble.com is the only insurer on our list to offer a discount for purchasing a policy online.
Official site : http://us.protectyourbubble.com/renters-insurance/
10. PROGRESSIVE
Pros
Progressive offers a low $250 deductible for renters insurance claims.
Cons
This insurer lacks some standard discounts and support options offered by other insurers.
The Verdict
Progressive offers the necessary coverage amounts to meet the needs of any renter, but it lacks some basic discounts and support options.
Summary(Score 7/10)
Progressive offers renters insurance through a second-party underwriter. The company provides standard coverage amounts to meet all your home and contents insurance needs, but it lacks some standard discounts and support options offered by other insurers.
Official site : http://www.progressive.com/homeowners/renters-insurance-quote/
0 comments:
Post a Comment