Who Has the Cheapest Renters Insurance in Austin, Texas? (2025)
Austin’s best cheap renters insurance
Cheapest renters insurance in Austin
Lemonade has Austin’s cheapest renters insurance, with an average rate of $10 a month. That’s 41% less than the city average of $17 a month. And it’s 29% less than the second-cheapest company, which is State Farm at $14 a month.
| Company | Monthly rate | Annual rate | LendingTree score | |
|---|---|---|---|---|
 | Lemonade | $10 | $120 |  |
 | State Farm | $14 | $168 |  |
 | Allstate | $16 | $192 |  |
 | Amica | $16 | $192 |  |
 | Progressive | $21 | $252 | |
 | Farmers | $22 | $264 | |
 | Assurant | $24 | $288 | |
Over the course of a year, you could save almost $50 by going with Lemonade over State Farm. The difference between Lemonade and the most expensive company we surveyed, Assurant, is even bigger. You could save close to $170 a year by choosing Lemonade over Assurant for renters insurance.
Your savings may be more or less, depending on how many discounts you can get. Amica and Allstate offer more renters insurance discounts than Lemonade and State Farm, for example. If you get a few of them, either could be the cheapest company for you.
Best renters insurance in Austin
Amica is the best renters insurance company in Austin overall because of its affordable rates and good customer service ratings.
Lemonade is the best company for low rates, while Progressive has the best discounts. Assurant has the best add-on coverages for personalizing your policy.
| Company | Best for | Monthly rate | Customer satisfaction Source: J.D. Power 2024 U.S. Home Insurance Study. Higher is better; 659 is average. |
|---|---|---|---|
| Amica | Overall | $16 | 695 |
| Lemonade | Low rates | $10 | 682 |
| Progressive | Discounts | $21 | 619 |
| Assurant | Coverage add-ons | $24 | Not rated |
Best company overall: Amica
Another reason you should check out Amica for renters insurance is its great satisfaction rating from J.D. Power J.D. Power’s satisfaction scores are based on customer surveys rating companies on factors like price, coverage options and problem resolution. . This means many customers are happy with the company, including how it handles claims.
Amica also stands out for offering optional coverage for computers, laptops and phones. If you accidentally damage any of these devices, Amica will pay to repair or replace them.
- Rates are cheaper than average
- Great customer satisfaction score
- More discounts than most companies
- Several coverage options
- Average rate is 60% more than Lemonade’s
Cheapest rates: Lemonade
Along with affordable rates, Lemonade offers several add-on coverages that let you customize your policy to your needs.
- Cheapest rates for Austin renters
- Good satisfaction rating
- Many optional coverages
- Easy online quotes
- Fewer discounts than other companies
Best discounts: Progressive
If you get a renters insurance policy from Progressive, you might get a discount for:
- Getting a quote at least three days before your policy starts
- Signing up for email documents
- Paying your entire premium right away
- Living in a gated or secured community
- Bundling auto insurance with your renters policy
- Most discounts of companies we surveyed
- Rates match city average
- Poor customer satisfaction score
- Not many optional coverages
Best coverage options: Assurant
With Assurant, you can pay extra to cover damage caused by:
- Your pets
- Backed-up drains or sewer
- Earthquakes
You can also get coverage for rent protection Rent protection helps you pay your rent if you lose your job. and identity theft expenses.
Assurant includes some nice perks free of charge as well. All Assurant renters policies come with replacement cost Replacement cost pays to replace stolen or damaged items with comparable new ones. Other companies often only insure your items at actual cash value, which is their value after depreciation. coverage. They cover belongings damaged by mold, too.
- Standard policies cover things most companies do not
- Many optional coverage add-ons
- Most expensive rates
- Few discounts
How much is renters insurance in Austin?
The average cost of renters insurance in Austin, Texas, is $17 a month, or $204 a year.
That’s $3 a month, or 15%, cheaper than the state average renters insurance rate of $20 a month.
What you pay for renters insurance in Austin is based on:
- Types and amounts of coverage you buy
- Deductible you choose
- Value of your possessions
To get your best price for a policy, compare renters insurance quotes from several companies side by side before you buy or renew.
Frequently asked questions
You don’t need to buy renters insurance in Austin, Texas, because of any city or state laws. But you might have to get it because of your rental or lease agreement.
Many landlords require renters insurance to protect themselves in case a tenant damages the building or their unit. They also do it to protect themselves from liability claims and needing to cover relocation costs if the property becomes unlivable for certain reasons.
Landlords in Austin can require you to get renters insurance. You can usually find this information in your lease or rental agreement. If you aren’t sure, ask your landlord. They should also let you know if you need to show proof of renters insurance and if you need to buy a minimum amount of coverage. Your landlord may terminate your lease if you don’t meet these requirements.
Renters insurance policies usually cover your:
- Personal property
- Temporary living expenses Helps cover temporary housing costs if you move into a hotel or another apartment while your rental home is being repaired or rebuilt.
- Personal liability Helps cover legal expenses, medical bills and other damages if someone gets injured at your rental home and sues you.
The amount of coverage your renters insurance provides for these things depends on your deductible and coverage limits.
Methodology
LendingTree collected thousands of renters insurance quotes from the largest insurance companies in each state, based on data availability.
We used thousands of renters insurance quotes from across the U.S. for a 30-year-old single woman who has no recent renters insurance claims. Your rates may vary. Coverage limits include:
- Personal property coverage: $20,000
- Deductible: $500
- Personal liability: $100,000
- Guest medical protection: $1,000
- Loss of use: $9,000
Overall satisfaction ratings were obtained from J.D. Power’s 2024 U.S. Home Insurance Study. The agency’s scores are based on customer surveys that rate insurance companies on factors like price, policy offerings and claims.