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Allstate renters insurance review

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Author

Colin LalleyContent Director, Home & Auto InsuranceColin Lalley is the content director for home and auto insurance at Policygenius, where he's been writing about insurance since 2015. His insights have been featured in Inc. Magazine, Betterment, Chime, Credit Seasame, Zola, and the Council for Disability Awareness.

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Allstate renters insurance scores high for overall customer satisfaction with J.D. Power and offers over $110,000 in personal property coverage.

Allstate

Allstate logo

Policygenius rating

Our proprietary ratings methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the “Ratings methodology” section for more details.
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4.4

AM Best rating

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A++

Cost

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

NA

The bottom line

Allstate renters insurance earns high marks on J.D. Power's survey for overall customer satisfaction among renters insurance companies. It also offers high-deductible policies, personal liability limits as high as $1 million, and two ways to save on your policy: by bundling your renters and auto insurance policies together, and by installing home safety devices.

Pros

  • Up to $1 million in personal liability coverage available

  • Loss-of-use coverage comes with no maximum and can be paid out for up to 24 months

Cons

  • Can't schedule high-value items for extra protection without taking out a separate policy

State Farm is one of the largest providers of renters insurance in America, offering coverage to millions of people across the country.

Basics

Renters Insurance Provider

State Farm

Founded

1922

A.M. Best

A++

S&P

AA

Ratings

Consumer Affairs

N/A

J.D. Power Overall Customer Satisfaction

4/5

J.D. Power Claims Process Satisfaction

3/5

Base policy features

Replacement Value Available

Yes

Deductible Options

$500, $1,000, $2,000

Personal Property Coverage

Purchase online: up to $110,000 Purchase via agent: $110,000 and up

Personal Liability

$100,000, $300,000, $500,000, $1,000,000

Medical Payments to Others

$1,000, $2,000, $3,000, $5,000, $10,000

Loss of Use Coverage

No maximum; covers up to 24 months

Off-Premise Coverage

Yes

Peril Type Coverage

Named

Purchase Online

Yes, up to $110,000 personal property coverage

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*Based on New York availability

Optional add-on features

Schedule High-Value Items Online

No; requires a separate policy and for the customer to speak with an agent

Types of Valuable Coverage

N/A

Increase Computer Category Coverage Limits Online

Yes

Increase Jewelry Category Coverage Limits Online

Yes

Identity Theft

Yes

Earthquake Coverage

Yes

Water back-up of Sewers and Drains

Yes; requires customer to speak with an agent

Multi-policy Discounts

Yes

Home Safety Discounts

Yes

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Author

Content Director, Home & Auto Insurance

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Colin Lalley is the content director for home and auto insurance at Policygenius, where he's been writing about insurance since 2015. His insights have been featured in Inc. Magazine, Betterment, Chime, Credit Seasame, Zola, and the Council for Disability Awareness.

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