State Farm Renters Insurance Review: Cost, Coverage, and More (2026)
State Farm offers affordable renters insurance rates in nearly every state, although it doesn’t have as many discounts and add-ons as competitors.
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Written byNick Dauk
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6+ years writing about insurance, travel, and personal finances
Contributor to brands like Credible
In addition to insurance, Nick specializes in writing about business, entrepreneurship, personal finance, and travel. He’s been featured in myriad web publications, including Fox Business.
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Edited byBecky Helzer
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Becky Helzer is an editor at Insurify. She loves helping writers express their ideas clearly and authentically. With a diverse background in editing everything from curriculum and books to magazine articles and blog posts, she’s worked on topics ranging from home finance, insurance, and cloud computing to the best tools for home improvement.
A proud graduate of Colorado State University with a degree in technical journalism, Becky lives in Fort Collins, CO, with her husband and their two spoiled rescue dogs.
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Table of contents
As the leading insurance company in the United States by market share, State Farm offers affordable renters insurance.[1]
In addition to its positive industry reputation, State Farm also has some of the cheapest renters insurance rates. You can get a policy covering $30,000 worth of personal property for about $15 per month, according to Insurify data. That’s $7 per month cheaper than the national average.
State Farm ranked above average for customer satisfaction in a recent J.D. Power renters insurance study.[2] While some online reviews mention poor communication, premium increases, and claims mismanagement, negative comments about State Farm renters insurance are rare.
Here’s what you need to know about State Farm renters insurance, including available discounts and additional coverages to consider.
Quick Facts
AM Best gives State Farm an A+ (Superior) financial strength rating.[3]
State Farm offers several renters insurance discounts.
The company has low ratings on Trustpilot and the Better Business Bureau (BBB), though most complaints don’t mention renters insurance.
Our take on State Farm renters insurance
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State Farm is one of the top renters insurance companies when it comes to rates. Its average premiums are among the lowest in the nation, at $15 per month for $30,000 in coverage.
Other insurance companies offer benefits that State Farm lacks. USAA, for example, includes flood insurance and earthquake coverage in its renters insurance policies. Farmers offers paperless and pay-on-time discounts. Lemonade has a pet add-on that covers damage to personal belongings caused by a pet.
Although State Farm renters insurance is available in nearly all U.S. states, it isn’t available in Massachusetts, Rhode Island, or California. If you already have an auto policy with State Farm, you can bundle your auto insurance and renters coverage to receive a discount. You can also save money by installing a smoke detector, deadbolt, or other home security device.
While State Farm has a strong presence in the industry, customer reviews tend to be poor. The National Association of Insurance Commissioners (NAIC) lists State Farm’s overall Company Complaint Index at 3.77, indicating the company receives more than three times the expected number of complaints for a company its size (1.00 being the market average).
Other third-party reviews on sites like Trustpilot and the BBB reflect a pattern of complaints, though few specifically mention renters insurance.
Pros
Strong industry history and presence
Rates cheaper than the national average
Bundling discounts can lower renters insurance rates significantly
Cons
Renters insurance not available in all states
Poor reviews for the company across multiple third-party websites
Limited available discounts
What State Farm renters insurance covers
Similar to home insurance, no single renters insurance policy is a perfect fit for everyone. The amount of coverage you need depends on two things: how much financial protection you may need if you accidentally hurt someone or cause property damage and the value of your possessions.
For example, if you have expensive jewelry, an art collection, valuable musical instruments, or other items that exceed standard coverage limits, you may need to increase your coverage amount or buy an endorsement.[4]
A State Farm renters insurance policy can protect you in the following ways:
Personal property coverage
Personal property coverage helps pay to replace your personal belongings if natural disasters, such as hail, wind, tornadoes, lightning, or the weight of ice, sleet, or snow, damage them. It also covers personal property damage or loss caused by smoke, fire, sudden plumbing leaks or frozen pipes, vehicle impacts, falling objects, theft, and vandalism.
Additional living expenses coverage
Loss of use coverage compensates you for expenses, like hotel rooms or dining out, if you can’t stay in your home during repairs after a covered loss.
Liability coverage
Liability coverage helps pay medical bills if you injure someone and covers property damage you’re responsible for.
But renters insurance doesn’t cover all forms of damage. The following types of damage are commonly not covered:
Earthquakes, landslides, and nuclear hazard events
Water damage, including water leaks and flooding caused by extreme weather
Damage to the structure of the building, which your landlord’s rental property insurance covers.
Good to Know
A renters insurance policy isn’t the only coverage option renters should consider. State Farm also offers optional coverages like earthquake damage insurance, personal liability umbrella policies, and identity restoration coverage for added protection.
Cost of State Farm renters insurance
State Farm renters insurance costs an average of $15 per month, for an annual premium of $180. This rate provides $30,000 worth of personal property coverage and $100,000 in liability insurance with a $1,000 deductible. This is $7 less per month than the national average of $22.
On average, State Farm’s renters insurance rates are lower than those of its competitors.
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State Farm renters insurance discounts
Discounts can help lower your renters insurance premiums. State Farm offers two discounts for eligible renters insurance policyholders: a bundling discount and a home safety discount.
State Farm claims that eligible policyholders could pay as little as a few dollars each month for renters insurance when they bundle coverage with their car insurance.
You may also qualify for a home alert protection discount by installing fire alarms, smoke detectors, or an eligible security system.
State Farm reviews: What real customers are saying
State Farm has a strong presence in the insurance industry, but recent customer reviews suggest that many policyholders aren’t satisfied with its products or service. State Farm’s rating on Trustpilot is 1.5 out of 5 stars, with 82% of reviewers giving the company a 1-star rating. Its BBB rating is 1.22 out of 5 stars.
While few comments specifically mention renters insurance, customers on both Trustpilot and the BBB express dissatisfaction with unexpected policy cancellations, poor customer service, the lengthy claims process, and claims they felt were wrongly denied.
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How to buy a State Farm renters insurance policy
You can get State Farm renters insurance quotes and apply for coverage online, on the mobile app, over the phone, or in person.
Gather this basic information prior to starting the quoting process for an accurate quote:
Your rental home or apartment’s safety features, including burglar alarms, deadbolts on exterior doors, sprinkler systems, smoke alarms, and fire extinguishers.
Your insurance history, which includes dates of previous renters insurance coverage, the name of that insurance company, and any claims you’ve made in the previous five years.
A list of your possessions that might require additional coverage policies or increased coverage limits, like computers, sports equipment, or jewelry.
You can begin the quote process by filling out a form detailing your personal information and the information you’ve gathered above. Next, choose your coverages and limits, including optional coverages, and then view your quote.
Then, you can fill out the application for renters insurance or request a State Farm agent to contact you. You’ll receive confirmation of the application’s acceptance, and you’ll pay your premium to start the coverage term.
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How to file a renters insurance claim with State Farm
State Farm suggests conducting a home inventory, taking photos and videos, and keeping receipts and records of your possessions when you sign up for your renters policy. These items will help you file an accurate and comprehensive claim.
Make sure you’re safe before filing a renters insurance claim with State Farm. You can call a State Farm insurance agent or file a renters insurance claim online. If you choose to report a claim online or through the State Farm app, you’ll first log in to begin the process. Then:
File the claim, including all details about what caused the loss (tornado, burglary, etc.).
Wait for State Farm to assign an adjuster to review the claim. This may include an on-site investigation.
Provide requested documents, which may include photos, receipts, and information about the damaged items, to create an estimated loss amount.
Receive a response. If State Farm accepts your claim, it’ll provide a payout, less your deductible.
State Farm renters insurance FAQs
For more information on State Farm renters insurance, see the answers to frequently asked questions below.
Is State Farm reputable?
Yes. State Farm is considered a reputable insurer. It’s the No. 1 insurance company in the U.S. in terms of market share and direct premiums written. Still, it’s a good idea for potential customers to read online reviews and recommendations before deciding whether State Farm renters insurance is the best choice for them.
Does State Farm have a good reputation for paying claims?
Yes. Although AM Best recently downgraded State Farm’s financial strength rating, the company is still rated “Superior,” indicating a strong ability to pay insurance claims.
How much does State Farm renters insurance cost?
The average cost of State Farm renters insurance is $15 per month for $30,000 in coverage, according to Insurify data. This is $7 lower per month than the national average of $22. In half of the states in the country, including Alaska, Minnesota, Virginia, and New York, the average monthly premium is $15 or less.
Does State Farm renters insurance cover tornadoes?
Yes. State Farm renters insurance policies typically cover tornado damage. Although renters insurance covers property damage due to windstorms, you’ll need to buy separate policies to cover damage from earthquakes and floods.
Is renters insurance really worth it?
Yes. Renters insurance protects you and your belongings if your property is damaged by fire, theft, wind, or other perils. It also protects you from liability claims if you accidentally damage someone else’s property. The low average rates are worth it for many renters compared to the cost of replacing all your possessions.
Is State Farm offering new renters insurance policies in California?
No. Based on information provided on State Farm’s website, the company isn’t writing new renters insurance policies in California at this time.
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Sources
- National Association of Insurance Commissioners. "Property and Casualty Insurance Industry 2024 Top 25 Groups and Companies by Countrywide Premium."
- J.D. Power. "2025 U.S. Home Insurance Study."
- AM Best. "AM Best Downgrades Credit Ratings of State Farm."
- Insurance Information Institute. "Renters Insurance."
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Nick Dauk
Nick Dauk is a freelance writer specializing in business, entrepreneurship, personal finance, and travel. His work has been featured in Fox Business, BBC, The Edge, Business Insider, and Bisnow. Nick is a first-generation college graduate, having majored in Interdisciplinary Studies at the University of Central Florida. His eclectic coursework, combined with previous managerial roles in the retail and broadcast television industries, have helped him develop an interdisciplinary approach to writing.
For nearly a decade, Nick has created content for mom-and-pop businesses and global corporations. As a travel writer, his global adventures have also been featured on Inside Hook, Houston Chronicle, Culture Trip, and Matador. When he's not traveling, Nick can be found in Orlando spending time with his wife and toddler.
Nick has been a contributor at Insurify since October 2022.
Becky Helzer is an editor at Insurify. She loves helping writers express their ideas clearly and authentically. With a diverse background in editing everything from curriculum and books to magazine articles and blog posts, she’s worked on topics ranging from home finance, insurance, and cloud computing to the best tools for home improvement.
A proud graduate of Colorado State University with a degree in technical journalism, Becky lives in Fort Collins, CO, with her husband and their two spoiled rescue dogs.