Cheapest Renters Insurance in Dallas (2025)
Key takeaways
- Lemonade has Dallas’ cheapest renters insurance rates of $16 a month.
- Amica is nearly as cheap and has a great bundling discount.
- State Farm has the best add-on coverages.
Cheapest renters insurance companies in Dallas
Lemonade has the cheapest renters insurance in Dallas, with an average rate of $189 a year. Amica is the second-cheapest company, at $192 a year.
Both Lemonade and Amica both have bundling discounts that could make your rate even cheaper. Amica offers up to a 30% discount if you bundle your renters and auto insurance with it.
Although Allstate has a bit higher rate than Lemonade or Amica, it may still be a good choice if you’re a retiree who is 55 years of age or older. Allstate offers retiree renters a 25% discount.
Cheapest Dallas renters insurance by company
| Company | Monthly rate | Annual rate | LendingTree score | |
|---|---|---|---|---|
 | Lemonade | $16 | $189 |  |
 | Amica | $16 | $192 |  |
 | Allstate | $18 | $210 |  |
 | State Farm | $18 | $220 |  |
 | Assurant | $24 | $282 | |
 | Farmers | $28 | $335 | |
Renters insurance companies look at many factors when coming up with your quote, including your:
- ZIP code
- Insurance claim history
- Policy’s coverage limits and deductible
Best renters insurance companies in Dallas
Lemonade is the best renters insurance company for Dallas residents who want the cheapest rates.
Amica has the best bundling discount, Allstate is best for retirees and State Farm has the best add-on coverage options.
Best company for cheap rates: Lemonade
Monthly rate: $16
Pros
Cheapest renters insurance rates in Dallas
Claims paid out at replacement cost
Several optional coverages
Cons
Can only file claims online or by app
No 24/7 customer service
Lemonade offers the lowest renters insurance rates for Dallas residents, at $16 a month. It also pays out renters insurance claims at replacement cost instead of actual cash value. This means it replaces your damaged belongings with new ones of similar kind and quality.
Best bundling discount: Amica
Monthly rate: $16
Pros
City’s second-cheapest rates
Strong bundling discount
Cons
Replacement cost coverage only available as add-on
Amica offers Dallas renters insurance rates that average $16 a month. It has a great bundling discount, too. If you buy both your auto and renters insurance from Amica, you can save up to 30%.
Best renters insurance for retirees: Allstate
Monthly rate: $18
Pros
Rates are cheaper than city average
Discount for retirees 55 and older
Cons
No replacement cost coverage in standard policy
Dallas retirees 55 years of age or older can save up to 25% on their renters insurance premiums with Allstate.
Best policy add-ons: State Farm
Monthly rate: $18
Pros
Good optional coverages
Rates are cheaper than the city and state averages
Cons
Few discounts compared to other insurers
State Farm offers many add-ons that let you expand your renters insurance policy’s coverage.
- Umbrella insurance for extra liability coverage, which can protect you while driving a car or boat, or even from claims of libel and slander
- Pet insurance coverage to help with vet bills
- ID restoration coverage to help with the costs of repairing identity theft
What does renters insurance cover?
A standard renters insurance policy covers your personal property, liability, additional living costs and more.
Personal property
This covers your belongings, such as clothing, furniture and electronics, against damage or destruction from perils A peril is an event — like fire, lightning or vandalism — that your renters insurance may cover if it causes damage to your property. listed in your policy.
Liability
This covers injuries and property damage you cause to others.
Medical payments
This coverage helps pay injury-related expenses for others hurt in your rental home, no matter who is at fault.
Additional living expenses
This covers extra living costs if you need to relocate while your rental home is repaired.