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For Tenants

Best Renters Insurance in 2026

Renters insurance protects your belongings, covers liability if someone is hurt, and is often required by the lease. Most policies start around $10–$15 per month.

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Our top picks

Lemonade logo

Lemonade

4.7 out of 5

★ Top Pick Best app experience

Renters insurance in two minutes, claims in seconds.

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  • Policies often from $5–$15/mo
  • AI-driven claims
  • Add jewelry/electronics riders easily
  • Cancel anytime

From $5/mo

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State Farm Renters logo

State Farm Renters

4.4 out of 5

Best for bundling

Bundle-friendly carrier with strong claim service.

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  • Discounts when bundled with auto
  • Local agent if you want one
  • Standard liability and personal property coverage
  • Flexible deductibles

From ~$15/mo

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Allstate Renters logo

Allstate Renters

4.2 out of 5

Customizable coverage from a major national carrier.

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  • Optional identity theft protection
  • Multiple discount stacking
  • Add-on for high-value items
  • App-based policy management

From ~$16/mo

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Rhino logo

Rhino

4.4 out of 5

Best security deposit alternative

Replace your cash security deposit with a low monthly fee — or get traditional renters insurance.

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  • Skip the upfront cash security deposit — pay roughly $4–$15/mo instead
  • Average renters save over 90% on move-in costs
  • Landlord must participate in Rhino (offered at 3M+ U.S. homes)
  • If a claim is paid, you reimburse Rhino — it's insurance, not a waiver
  • Also offers a separate traditional renters insurance product (belongings + liability)
  • Not available in HI, MT, ND, or WY

From ~$4/mo (security deposit policy)

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What to look for

We're filling in the full buyer's guide for this category soon. In the meantime, the picks above are a solid starting point.