State Farm Renters review

State Farm's renters policy has the longest list of documented built-in extras here. Beyond personal property, loss of use and personal liability, its coverage page lists additional coverages for bed bugs where available, credit or bank card forgery, locks and remote devices, power interruption, refrigerated products, debris removal and temporary repairs. Liability can pay up to $500 beyond your security deposit if your pets damage the rental, and inflation coverage automatically raises your property limit with an inflation index. Loss of use lasts up to 24 months, subject to a dollar limit. State Farm does not publish a renters starting price; its page cites a NAIC survey putting renters insurance at about $13 a month for around $34,000 of coverage, which is an industry figure rather than a State Farm rate. Bundling with auto saves up to $900 on average, according to State Farm. Flood is excluded and unrelated roommates must be named. We compared documented features and published prices.

Who it is for

Renters who want a local agent and the widest list of built-in extras.

Price

See vendor pricing (USD check pending).

US price check pending. See the vendor pricing page.

Key features

• Personal property, loss of use and personal liability cover
• Built-in additional coverages including bed bugs where available, credit card forgery, locks, power interruption and refrigerated products
• Up to $500 beyond the security deposit if household pets damage the rental
• Inflation coverage that raises limits in line with an inflation index
• Loss of use for up to 24 months, subject to a dollar limit

Strengths and weaknesses

• Strength: Long list of additional coverages in the base policy
• Strength: Inflation coverage keeps property limits current
• Strength: State Farm says customers save up to $900 on average by bundling renters and auto
• Weakness: No published starting price for renters cover
• Weakness: Flood is excluded and State Farm does not sell its own flood policy
• Weakness: Unrelated roommates must be named on the policy to be covered

Key facts

• Typical liability limit: $100,000, higher available
• Loss of use: Up to 24 months, subject to a limit
• Pet damage to rental: Up to $500 beyond the deposit
• Bundle savings: Up to $900 with auto
• Quote time: May take less than 10 minutes

Where it ranks

State Farm Renters is No. 4 in our Best Renters Insurance verdict.