Allstate Renters Insurance Review 2024

Allstate is on our list of the best renters insurance companies. You can usually find a good renters insurance policy for a low price at Allstate, especially if you don’t need much personal property coverage.

Allstate has one of the lowest average rates for $15,000 of personal property coverage, which is a great choice for those looking for cheap renters insurance.

Company	Average annual renters insurance cost for $15,000 of personal property coverage	Average annual renters insurance cost for $30,000 of personal property coverage	Average annual renters insurance cost for $50,000 of personal property coverage	Forbes Advisor rating
State Farm	$102	$121	$153
Westfield	$136	$156	$183
American Family	$154	$189	$231
Auto-Owners	$113	$147	$196
USAA*	$116	$155	$196
Allstate	$109	$153	$215
Country Financial	$174	$201	$253
Nationwide	$129	$163	$207
Average	$143	$186	$247	–

Source: Quadrant Information Services. Rates include $100,000 in liability coverage and $1,000 in medical payments coverage. *USAA is available only to the military, veterans and their families.

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What renters insurance covers is fairly standard:

• Personal property: This covers your belongings, such as your clothing, electronics, furniture, kitchen items, rugs and other items from problems like theft, vandalism, smoke, fire, falling objects, the weight of snow and ice, and explosions.
• Liability: This coverage pays for injuries and property damage you accidentally cause to others. For example, if you’re legally liable for a guest injury in your home, personal liability insurance can cover a judgment against you or settlement, plus your legal defense cost. But it will only pay up to the liability limit listed in your policy, so make sure you have an adequate coverage amount.
• Medical payments: This coverage is often included in a renters insurance policy and sold in small amounts, such as $1,000. This pays for smaller medical bills no matter who was at fault. For example, if a guest slips in your home and suffers a small injury, they can tap this coverage to pay for medical expenses.
• Additional living expenses: If you can’t live in your apartment due to a problem covered by your policy, this covers extra expenses. For example, if a tornado damages your apartment, you can tap into your additional living expenses coverage to pay for hotel bills, restaurant meals and other expenses, like pet boarding or laundry services.

Consider Replacement Cost Coverage

If you want better coverage for your belongings, consider adding replacement cost coverage to your policy. This pays to repair or replace damaged or stolen items with new, similar items. Actual cash value coverage will only pay the depreciated value of items, which can leave you paying your own money for the difference if you buy new replacements.

In addition to the standard coverage listed above, Allstate offers these additional coverage types that you can add to a renters policy, such as:

• Extended coverage on jewelry, watches and furs: You can buy increased coverage for these items.
• Scheduled personal property: You can buy increased coverage for high value items that have been appraised, like an antique armoire or a valuable engagement ring.
• Identity theft restoration: If you are a victim of identity theft, this coverage pays for expenses such as legal fees and lost wages. Allstate can also assist you with services for restoring your identity.
• Increased coverage on business property: This covers items you’re keeping in your home as business inventory.
• Flood insurance: Renters insurance doesn’t typically cover flood damage, but you can buy a flood insurance policy from the National Flood Insurance Program through Allstate.

Look for these possible discounts if you’re buying Allstate renters insurance:

• Multi-policy discount: You can save on your premium if you bundle your renters insurance with a car insurance policy from Allstate.
• Age 55 and retired discount: If you are retired and age 55 or older, you can save up to 25% off your renters insurance.
• Easy Pay Plan. You can get a discount if you schedule your monthly payments with Allstate’s Easy Pay Plan.

Related: Cheap Renters Insurance of 2024

There are four ways to file a renters insurance claim with Allstate:

• Online
• By using Allstate’s mobile app
• By calling 1-800-ALLSTATE (1-800-255-7828)
• By calling your Allstate agent

Allstate sells many types of insurance, such as life insurance, umbrella insurance and coverage for:

• ATVs
• Boats
• Businesses
• Cars
• Condos
• Houses
• Landlords
• Manufactured homes
• Motor homes
• Motorcycles
• Snowmobiles

To identify the best renters insurance companies, we evaluated each company based on the following.

Renter insurance rates (80% of score): We scored each company’s renters insurance rates based on national averages for policies with $15,000, $30,000, $50,000, $75,000, $100,000 and $200,000 worth of personal property coverage. Source: Quadrant Information Services.

Complaints (20% of score): We used complaints about home insurance (which includes renters insurance) upheld by state insurance departments. Most home/renters insurance complaints center on claims, including unsatisfactory settlements, delays and handling of the claim. Source: National Association of Insurance Commissioners.