The Best Cheap Tenant Insurance in Texas for 2021 – TBEN


Everything is bigger in Texas, as the saying goes, and unfortunately that can include your renters’ insurance rates. The average cost of tenant insurance in Texas is higher than the national average, but shopping around can often lower your rates. To help you narrow down your options, TBEN compared companies in the state to find the best inexpensive tenant insurance in Texas.

How Much Does Tenant Insurance Cost in Texas?

The average cost of Tenant insurance in Texas, it’s $ 199 per year, or about $ 17 per month. That’s above the national average of $ 168 per year.

Renters in the state’s two largest metropolitan areas pay even more. Renters insurance in Houston costs an average of $ 245 per year, while renters in the Dallas / Fort Worth area pay an average of $ 194.

Cheap Tenant Insurance Companies in Texas

TBEN analyzed rates across the state from a variety of companies to find the ones offering the cheapest Texas tenant insurance.

Texas FAIR Plan Association

* USAA is only available to service members, veterans and their families.

Learn about some of the cheapest companies

Allstate: You can get a variety of discounts on one Allstate Renter Policy, including up to 20% for having no history of claims and up to 25% for being at least 55 and retired.

The Hartford: This company is partnering with AARP to provide tenant insurance primarily to older Americans. Hartford will waive its tenant insurance deductible up to $ 5,000 for certain major claims valued at $ 27,500 or more.

Mercury: If you live in a gated community, have smoke detectors, or have both auto and tenant insurance with Mercury, you could save money on your tenant policy.

In all the countries: In addition to standard coverage for third party liability and personal effects, Nationwide renters insurance also includes coverage for expenses due to theft such as unauthorized credit or debit card transactions and counterfeit checks.

Texas FAIR Plan Association: Created by the Texas government, the FAIR Plan Association is the state’s insurer of last resort, providing coverage to those who have been turned down by at least two other companies. While this is not the cheapest option in Texas for tenant insurance, it is the only option for some tenants.

USAA: Unlike most insurance companies, USAA includes coverage for flood damage as part of its tenant policies. But only veterans, serving members, and their families can purchase USAA tenant insurance.

Cheap Texas Tenant Insurance From Top Companies

If you are looking to purchase insurance from widely available companies with a solid reputation, consider one of the following insurers from TBEN’s list. best tenant insurance companies.


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* USAA is only available to service members, veterans and their families.

Things to Know About Tenant Insurance in Texas

Natural disasters, such as tornadoes and tropical storms, occur regularly in Texas. If one of them hits your home, your landlord’s insurance will only cover the building structure, not damage to your property. This is why it is important to know what is covered (and what is not) when buying tenant insurance in Texas.

Flooding is the state’s most common disaster, according to the Texas Department of State Health Services, but it is not covered by standard tenant policies. If you’re at risk – for example, if you live in a ground-floor apartment near the beach or in another low-lying area – you might want to buy flood insurance.

Renting a place on the Gulf Coast? Make sure your renters insurance covers damage caused by hurricanes and tropical storms. While many standard rental policies cover wind related claims, such coverage can be specifically excluded if you live in high risk areas near the coast. The Texas Windstorm Insurance Association is state-run and offers wind and hail policies for those who cannot find coverage elsewhere.

Even if you’re not in a hurricane-prone area, you might still want extra wind cover. More than 100 tornadoes hit the state each year, on average.

Forest fires are another common disaster in Texas, and although most tenant policies cover losses from fires, you’ll want to make sure you have enough personal property coverage to replace all of your belongings if the worst is happening. The calculator below can help you estimate the value of your property.

What Determines Tenant Insurance Rates in Texas?

You may pay more or less than the average annual premiums listed above, depending on a variety of factors.

Your location. If you live on the Gulf Coast where hurricanes are frequent, or in an area with a high crime rate, you may pay more for a rental policy.

Your credit. Many insurance companies use a credit-based insurance rating – similar to a traditional credit score – to gauge the likelihood of you making a claim. People with better credit tend to get cheaper renters insurance rates.

Your complaint history. If you’ve filed tenant insurance claims in the past few years, your insurer may charge more for your policy.

Your coverage limits. If you have more possessions – or particularly valuable possessions – to cover, you will usually pay more for tenant insurance.

Your deductible. Elevate your deductible is an easy way to lower your Texas tenant insurance premium, as long as you feel confident you can access enough cash to pay it off if needed.

Other policies. If you buy your tenants and auto insurance from the same company, you can often get a group discount.

The characteristics of your home. Home security systems, fire alarms, and 24-hour building security guards could get you discounts.

Your dog. Dog bites are a common cause of tenant liability insurance claims, so if your puppy is a breed that insurance companies consider high-risk, such as a pit bull or doberman pinscher, your premium could be higher (if the animal is covered at all).

Texas Department of Insurance

If you have any questions, concerns or complaints regarding your tenant insurance, the Texas Department of Insurance may be able to help you. You can call its helpline at 800-252-3439 for service in English and Spanish.

When you buy or renew a Texas rental policy, your insurance company is required to give you a copy of the Department’s Consumer Bill of Rights for Renters’ Insurance. This document is worth reading: it explains how insurance companies in Texas can use your credit information, establishes claims processing times, and lists the circumstances under which your policy can and cannot be canceled.



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