Policygenius

State Farm renters insurance review

Headshot of Colin Lalley

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.

Published

Policygenius content follows strict guidelines for editorial accuracy and integrity. Learn about our editorial standards and how we make money.

State Farm renters insurance comes with excellent financial strength ratings with AM Best and top marks for overall customer satisfaction from J.D. Power.

State Farm

State Farm 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.
Full orange starFull orange starFull orange starFull orange starHalf orange star
4.8

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

State Farm renters insurance received 4 out of 5 stars for overall customer satisfaction from J.D. Power and 3 out of 5 stars for its claims process satisfaction. But where it really stands out is its high personal liability coverage limits — up to $1 million, increased coverage limits available for computers and jewelry, and discounts for bundling your renters and auto insurance or installing home safety devices.

Pros

  • High-deductible option available

  • Up to 24 months of loss-of-use coverage

  • Multi-policy and home safety discounts available

Cons

  • Need a separate policy to schedule high-value items for additional coverage

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

Expand table

*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

Expand table

Author

Content Director, Home & Auto Insurance

gray twitter icon linkgray linkedin icon link

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.

Questions about this page? Email us at .

Ready to shop for renters insurance?