Country Financial Renters Insurance Review 2024

Renters insurance can be pretty cheap for the amount of coverage you get. Our analysis found the average cost per month is about $15 for $15,000 in personal property coverage. Country Financial’s costs are higher than other insurers in our analysis, but its coverage options helped the company get on our list of best renters insurance options.

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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Related: Cheap Renters Insurance

What renters insurance covers is fairly standard:

Personal property: This coverage pays to repair or replace your personal belongings if they are damaged from problems like theft, fire, smoke, vandalism, falling objects, the weight of snow and ice, or an explosion. The types of items include everything from your clothing to kitchen utensils, rugs, electronics, artwork, jewelry and furniture.

Liability: This covers injuries and property damage to others. For example, if an errant golf swing sends a golf ball through your neighbor’s window, your personal liability insurance can pay for the window. Liability insurance also pays for a legal defense if you are sued because of an accident, like if a guest slips and falls in your apartment.

Medical payments: Medical payments coverage is often included in a renters insurance policy and covers smaller medical bills, no matter who is at fault for the accident. This coverage is often sold in small amounts, such as $1,000.

Additional living expenses: If you cannot live at home because of a problem covered by your policy, like smoke damage, additional living expenses can cover extra costs like takeout meals, hotel bills and other services, such as pet boarding expenses. Remember to save your receipts to make a claim.

Replacement Cost Coverage

If this replacement cost coverage is not included, it’s worth adding to your policy to get even better coverage. Replacement cost coverage pays to replace your damaged or stolen items with new items. Actual cash value coverage will only pay the depreciated value of items.

In addition to the standard coverage types listed above, Country Financial offers some optional coverage types, such as:

Premier coverage: This upgrade provides coverage for accidents like power surge damage to your appliances, breakage of antiques and damage from spilled paint.

Coverage for high value items: Certain items, such as jewelry, furs, boats and ATVs have specific limits. For example, watches might be limited to $2,500. With this coverage, you can have your valuables insured for their actual worth.

Identity theft: This covers expenses associated with restoring your identity if you are the victim of identity theft.

Earthquake damage: This covers your personal belongings if they are damaged due to an earthquake.
Sump pump failure and/or back-up of sewer or drain: This covers your personal belongings that are damaged because of a water backup or sump pump failure.

You can save on Country Financial renters insurance with these discounts:

Multi-policy discount: If you bundle your renters insurance with another insurance policy (such as car insurance), products or accounts from Country Financial, you may qualify for a discount.

Welcome discount: If you have a renters insurance policy with Country Financial for less than three years, you may be eligible for a discount.

Loyalty discount: You will automatically get a discount on renters insurance on the first renewal when your policy is three years old.

Claims-free discount: You can get a discount if you do not file an renters insurance claims for five years.

Good payer discount: If you have zero lapses in your insurance payment history in the prior 36 months, you may qualify for a discount.

You can file a renters insurance claim with Country Financial online or by calling 866-COUNTRY (866-268-6879). Make sure you keep your supporting documents, such as a police report or hotel receipts.

Country Financial sells many types of insurance, including:

• Boat insurance
• Business insurance
• Car insurance
• Condo insurance
• Farm insurance
• Home insurance
• Identity theft insurance
• Life insurance
• Mobile home insurance
• Motorcycle insurance
• Pet insurance

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.