Best renters insurance in Aurora

Find the most affordable rates to insure your apartment and belongings in Aurora, Illinois.

Elissa

Elissa Suh

Published April 18, 2019

This Chicago suburb is the other “City of Lights” and the second most populous city in Illinois. 35% of residences are occupied by renters — as opposed to owners — in Aurora, so if you’re one of them you might want to get renters insurance.

Renters insurance ensures that your personal belongings and valuables are protected. There are countless reasons you should consider renters insurance if you live in Aurora, including the affordability of policies, chance of break-ins, and the high risk of weather-related damage.

Best renters insurance companies in Aurora

INSURANCE COMPANYMONTHLY COST - $500 DEDUCTIBLEMONTHLY COST - $1,000 DEDUCTIBLE
State Farm$9.58$9.58
Allstate$19.00$18.00
Travelers$31.00$29.00
Stillwater$15.58$13.17
Lemonade$6.34$5.67

Methodology: We pulled renters insurance quotes online from five of the most popular insurance companies: State Farm, Lemonade, Allstate, Travelers and Stillwater. Quotes were for policies with $500 and $1,000 deductibles for a 30-year-old female apartment renter. We deferred to the most comparable coverage amounts when identical policies were unavailable.

STATE FARMALLSTATETRAVELERSSTILLWATERLEMONADE
Property Coverage$20,000$20,000$30,000$20,000$20,000
Liability Coverage$100,000$100,000$100,000$100,000$100,000
Medical payments to others$1,000$1,000$1,000$2,000$1,000

Understanding renters insurance quotes

Renters insurance coverage is more than just protecting your personal property; it also protects you from being financially on the hook if someone is injured in your home, and can pay if you need to temporarily move out of your rental unit.

Here’s a rundown of the basic components of a policy that you should know you're comparing renters insurance rates.

  • Property coverage: Reimburses you for personal property that is destroyed, damaged, or stolen in your apartment and outside of it.
  • Liability coverage: Covers legal costs if a guest is injured in your home and sues you.
  • Medical payments to others: Covers the medical expenses if a guest is injured in your home.
  • Loss of use: Pays temporary living expenses if you can’t live in your rented home or apartment due to damage or repairs.

We’ve got a full explainer of what renters insurance covers here.

Is renters insurance legally required in Aurora?

Renters insurance isn’t legally mandated by the city of Aurora, but your landlord might stipulate that you get it as a condition of your lease. You should read the fine print of your lease or check with your landlord if you’re not sure whether you’re required to have renters insurance.

However, even if your landlord doesn’t require it, renters insurance is still worth buying. You can get a policy with a $500 deductible to insure your belongings for as low as $7 a month. Plus there are more reasons to apply, which we’ll go into next.

Reasons to buy renters insurance in Aurora

Renters insurance is among some of the most affordable insurance coverage you can buy, and considering your most cherished personal belongings are typically stored in your residence or storage units, renters insurance should be a no-brainer in any city.

While property crime rates in Aurora fall below the national average2, that isn’t a reason to skip out on renters insurance. If your belongings are stolen outside of your apartment — say from your car, a moving van, or your backpack while you’re on vacation — renters insurance still protects you through personal property coverage.

2017 aurora property crime rate

Aurora incidentsAurora rate*Nationwide incidentsNationwide rate*
Burglary366181.55438,034430.4
Larceny theft2,1231053.081,784,2191,694.40
Arson209.9213,98213

*Rate per 100,000 people based on data from the FBI Crime Data Explorer2

Weather and natural hazards are another reason to consider renters insurance. Did you know that renters insurance will cover your belongings if that snow on your roof causes it to fall through, or if the cold temperatures cause your pipes to freeze and burst. Given Aurora’s cold and snowy winters,3 it makes sense for its residents to get renters insurance.

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Helpful resources

Aurora tenants looking for more resources on renting and their rights should visit the following:


1. U.S. Census Bureau

2. [FBI CDE]( https://crime-data-explorer.fr.cloud.gov/)

3. [NOAA]( https://www.ncdc.noaa.gov/)

Policygenius’ editorial content is not written by an insurance agent. It’s intended for informational purposes and should not be considered legal or financial advice. Consult a professional to learn what financial products are right for you.