USAA Renters Insurance Review 2024

USAA only serves U.S. military members and veterans, their spouses and children.

The average cost of renters insurance for $15,000 of personal coverage is $143 a year, or about $12 a month. USAA’s rates are lower than average among the renters insurance companies we analyzed.

	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.

Related: Cheap Renters Insurance

What renters insurance covers is fairly standard:

Personal property: Personal property insurance is for items such as rugs, jewelry, electronics, furniture, dishes and pots and pans. It covers a variety of problems including damage from vandalism, fire, theft and the weight of snow and ice and even explosions.

Liability: Personal liability insurance pays for your legal defense if you are sued. It also pays for the resulting legal judgment or settlement. For example, this could occur if you accidentally cause harm to another person or another person’s property. So if a neighbor is visiting your apartment and trips and bumps his head, and you’re legally responsible, liability insurance can cover the bills, up to your policy’s limit.

Medical payments: Medical payments coverage will pay for small medical bills no matter who is at fault. This coverage is usually included in renters insurance policies. Coverage amounts start at $1,000.

Additional living expenses: If you are unable to live in your apartment because of a problem covered by the policy, such as an explosion, additional living expenses coverage will pay for hotel bills, restaurant meals, pet boarding fees and other extra expenses. Just hang on to your receipts, you will need them when making an additional living expenses claim.

USAA’s renters insurance includes the standard coverage types listed above and also:

Earthquake coverage. At USAA, there’s no need to pay extra for coverage for damage from earthquakes, floods and tidal waves. This coverage is standard in USAA renters insurance policies.

Replacement cost coverage. USAA offers replacement cost coverage to renters insurance customers. With this coverage, you’re reimbursed for the cost of new, similar items if your belongings are damaged, rather than the actual cash value.

Optional electronics coverage. Worried about your electronics? For a few bucks more a month, you can cover your laptop and other electronics from liquid spills and accidental falls. USAA will pay for the repairs or replacement up to $10,000.

Military uniforms and gear coverage. This coverage comes with no deductible for military equipment and uniforms that are covered in a renters insurance claim. Your military uniform and gear are covered worldwide.

Check out these possible discounts if you’re buying renters insurance from USAA.

• Bundle policies. You can save up to 10% when you bundle a renters policy with an auto insurance policy from USAA.
• Claims-free discount. You’re eligible for a discount if you haven’t made a renters insurance claim in the last three years.
• On-base discount. You may save up to 28% percent on a specialized renters policy if you live on base. This applies if you live in barracks or military dorms.
• Protective devices. You can save up to 5% on your renters insurance if your home has a monitored fire alarm, security system or automatic sprinklers.
• Service academy. Cadets, midshipmen and candidates can save up to 45% on renters insurance if you live at one of the U.S. Military Service Academies.
• Military academy. You can save up to 20% if you’re attending a senior military academy.

At USAA, you can file a claim online. Just choose the type of claim you are filing.

At USAA, you can file a claim online. Just choose the type of claim you are filing.

• ATV insurance
• Aviation insurance
• Boat insurance
• Car insurance
• Classic car and collector insurance
• Condo insurance
• Farm and ranch insurance
• Health insurance
• Home insurance
• Landlord insurance
• Life insurance
• Mobile home insurance
• Motorcycle insurance
• Small businesses
• Valuables and personal property insurance

USAA also offers banking, investment and retirement products.

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.