Dallas is known for its Cowboys, Mavericks, and barbecue. If you’re one of the nearly 1.2 million people who rent homes in Dallas, you might need to get renters insurance.
Renters insurance protects your personal property from damage or loss, including from theft, vandalism, and arson. Dallas residents take a lot of pride in all their city has to offer, but an inexpensive renters insurance policy can also give you peace of mind.
Best renters insurance companies in Dallas
Monthly Cost - $500 Deductible
Monthly Cost - $1,000 Deductible
Medical payments to others
Understanding renters insurance quotes
Renters insurance coverage is more than just protecting your personal property. Here’s a rundown of the basic components of a policy when you're comparing renters insurance rates.
Property coverage: Reimbursement for destroyed, damaged, lost or stolen property.
Liability coverage: Covers legal costs in the event that you’re sued if someone is injured in your home.
Medical payments to others: Covers medical costs in the event that you’re sued if someone is injured in your home.
We’ve got a full explainer of what renters insurance covers here.
Is renters insurance legally required in Dallas?
Renters insurance is not required by law in Dallas. However, your landlord can require you to take out a renters insurance policy as a condition of your lease.
Luckily, you can get renters insurance for less than $15 per month. The average cost of renters insurance is about $19 per month for a policy with a $500 deductible and a little more than $17 per month for policy with a $1,000 deductible.
Reasons to buy renters insurance in Dallas
Renters insurance provides valuable peace of mind by protecting your personal belongings inside and outside your home. In 2016, Dallasites experienced 26,370 thefts and 10,948 burglaries, according to the Dallas Police Department.†
The Average Cost of Renters Insurance: Find out what really determines your renters insurance price — and how that price is calculated
Texas Tenant: Portal to other organizations that can provide legal assistance to Dallas tenants.
The Office of the Texas Attorney General: Renters’ rights as described by the Texas state government.
Texas Apartment Association – Helpful Info For Renters: Basic information including housing resources and about renters insurance.
† 1. FBI CDE