Auto-Owners Renters Insurance Review 2024

Renters insurance is a good value for the coverage that you can get. As you shop around for renters insurance, you’ll see that prices are similar among many insurers. Auto-Owners renters insurance costs are among the most affordable for the companies we analyzed and made our best renters insurance companies list.

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	–

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What renters insurance covers is fairly standard no matter the company:

Personal property: Your personal belongings such as electronics, clothing and furniture and more are all covered with the personal property coverage in a renters insurance policy. Problems such as vandalism, theft, smoke, fire and falling objects and even explosions are covered.

Liability: If you are legally responsible for accidental injury or property damage to someone else, you could be sued. Personal liability insurance can pay for court judgments, settlements and defense costs for problems covered by the policy, such as a lawsuit brought by someone who is injured on your front steps.

Medical payments: Small medical expenses, no matter who is at fault, can be paid for with medical payments coverage. For example, if a guest in your home slips and strains his back, this could be covered. Coverage amounts for medical payments typically start at $1,000.

Additional living expenses: If you are unable to live in your apartment because of a fire, tornado or other problem covered by your renters insurance policy, you can get insurance compensation. Additional living expenses coverage will pay for hotel bills, restaurant meals and other extra expenses including pel boarding fees. Be sure to keep all of your receipts. You’ll need them when making a claim.

Auto-Owners’ renters insurance includes the standard coverage types described above, with these options:

Renters Plus. With Renters Plus from Auto-Owners, you get a variety of add-ons including coverage for refrigerated items, water back-up of sewers and drains, and liability for waterbeds.

Personal property replacement cost. With personal property replacement cost, if your personal items are ruined, you will be reimbursed for new items. With actual cash value coverage, you would only receive the depreciated value of your belongings.

Special personal property. This covers personal property for reasons beyond standard coverage, such as losing or misplacing items.

Scheduled personal property. If you have expensive jewelry, furs, collectibles, recreational vehicles or watercraft, you can get scheduled personal property coverage. This comes as an endorsement, floater or rider and provides higher coverage for high-value items.

If you’re looking for cheap renters insurance, check out Auto-Owners for these renters insurance policy discounts.

Payment history discount if you have paid your premiums on time for the past three years.

Paid-in-full discount if you pay the full amount of your annual premium up-front.

Green discount for using paperless billing.

Advance quote discount for getting a quote a certain amount of time before the policy starts.

Protective device discount for things such as deadbolt locks, fire extinguishers and smoke detectors.

Multi-policy discount can give you a lower rate when you get multiple types of coverage from Auto-Owners, including renters and car insurance or renters and life insurance.

To file a claim with Auto-Owners, you’ll need to contact your Auto-Owners insurance agent. Next, you’ll be contacted by an insurance adjuster who will make an appointment for the inspection of your claim. After that, the file is reviewed and a claim payment can be made.

Auto-Owners sells insurance for homes, condos, mobile homes, vehicles, motorcycles, motorhomes and RVs, boats, life and businesses.

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.