State Farm Renters Insurance Review

About State Farm Renters Insurance

Founded in 1922, State Farm is the largest auto and home insurer in the U.S. It's headquartered in Bloomington, Illinois. As a mutual insurer, State Farm operates through more than 19,200 agent offices nationwide.

State Farm renters insurance stands out as an affordable, reliable choice that earns high marks among experts. Current national rate analyses place average State Farm renters insurance premiums at approximately $11 to $15 per month, although your actual rate will depend on your location, coverage limits, deductible, and other factors. 

State Farm Mutual Automobile Insurance Company and State Farm Fire and Casualty Company currently hold an A+ (Superior) financial strength rating from AM Best.

Features and Benefits

State Farm renters insurance offers a well-rounded and convenient mix of protections to meet many renters' needs. One of its standout features includes additional living expense coverage. If a covered event makes your rental uninhabitable, State Farm can help pay additional costs for temporary housing, meals, and related expenses. Loss-of-use coverage can apply for the time needed to repair or replace the premises or relocate, subject to policy limits and a maximum period of 24 months.

You can also add optional identity restoration coverage. State Farm currently prices the coverage at approximately $25 per year. It provides up to a $50,000 combined annual limit for covered identity restoration and fraud-loss expenses and carries a $500 deductible. Earthquake and sewer or drain backup protection may also be available beyond your standard coverage.

By installing smoke detectors, fire alarms, or a burglar alarm system, you may qualify for home alert discounts through State Farm. Bundling with your auto insurance can provide additional savings.

For renters seeking flexibility, State Farm offers different coverage limits and deductible options, along with access to more than 19,200 agent offices for personalized service. However, the company's add-on coverage options are somewhat limited in scope and quantity.

• Personal property protection, including electronics and furniture

• Optional identity restoration coverage

• Liability coverage for property damage or third-party injury

• Medical payments for guest injuries

• Additional living expenses for temporary housing and meals

• Replacement value coverage is available

• Riders available for earthquake and other perils

• Discounts for bundling and installing home safety devices

• Easy online insurance quotes, claims filing, and policy management

State Farm Renters Insurance Reviews: Editorial Rating

Trusted Company Reviews Rating Score: 8.6

State Farm earns high marks in our review for its ability to combine low cost with solid coverage and a high level of convenience. The company scores well among experts and in industry reviews.

However, downsides lie in its narrower add-on options and isolated customer service complaints that are highly location-dependent. Individual State Farm offices receive Better Business Bureau scores ranging from F to A.

Why We Like It

State Farm offers a solid mix of affordability, coverage, and convenience. Its average renters insurance policy prices are frequently below the national average while delivering solid protection for personal property and liability. 

Discounts for home security measures like smoke detectors, fire alarms, and burglar alarms mean renters who invest in their own safety can also save more on their insurance. We also appreciate State Farm's extensive agent network, which helps ensure you can get personalized support when you need it.

What We Don't Like

Standard State Farm renters insurance doesn't cover flooding. Renters who need flood protection must purchase separate flood insurance rather than adding flood coverage as a State Farm renters insurance rider.

State Farm has multiple BBB listings and carries grades of between F and A, depending on location. The company isn't accredited with the Bureau. Customer complaints commonly include concerns related to claims and communication. 

State Farm Renters Insurance Customer Reviews?

Reviews from State Farm customers are mixed but generally positive. Expert reviews highlight low cost, strong coverage, and ease of doing business. However, customer-based online platforms show some negative experiences, mostly involving claims, and especially linked to the filing process through the mobile app.

However, many of those complaints come from areas impacted by natural disasters. Expert data actually shows that complaints among State Farm's customers are slightly better than average for a company of its size.

Who Is State Farm Best For?

State Farm renters insurance can be excellent for renters who want to work directly with State Farm agents. Additionally, customers looking for a solid combination of affordability and reliability can do well by choosing the company.

If you prefer being able to speak with an agent in person, have standard policy needs, don't require a long list of available add-on protections, and would benefit from bundling policies, State Farm could be a practical solution. However, if you need highly customizable riders or disaster specialty packages, you may want to explore other providers.

State Farm vs Lemonade Renters Insurance

Choosing between State Farm and Lemonade typically comes down to the type of insurance experience you prefer. State Farm combines low premiums with a large agent network, while Lemonade's site emphasizes a digital-first experience through its website and mobile app.

Pricing is similar enough that neither company is cheaper overall. Current estimates place average premiums of about $11 per month for State Farm and $10 for Lemonade. However, these estimates may not account for your location, coverage selections, deductible, and personal rating factors.

Filing a Claim With State Farm

You can file a State Farm renters insurance claim online. However, in-person or phone help is also available through State Farm agent offices. Start by documenting your loss, submitting claim details through the app, website, or agent, and providing the necessary evidence.

In cases of theft, State Farm recommends reporting the theft to police and retaining relevant documentation. You should also keep receipts for additional living expenses and other claim-related costs. Once you submit the claim and necessary information, the company will investigate the loss and determine coverage and payment according to your policy limits and deductible.

State Farm Renters Insurance Alternatives

If State Farm doesn't offer the add-on protections you need, or you're shopping around for the best fit, we've highlighted the best alternatives in our overview of the best cheap renters insurance companies. For bundling options, visit our review of the best home and auto bundling providers.

Each of the following insurers excels in areas where State Farm may fall short, whether you're looking for stronger customization, specialty disaster coverage, local service, or an ultra-budget-friendly option.

• Amica: Amica offers extensive coverage options such as water backup and identity theft protection, along with digital tools for filing insurance claims. 

• USAA: Tailored for military families and veterans, USAA includes earthquake and flood coverage with its renters policies, which is rare among renters insurance providers. The company also maintains low insurance rates and high customer satisfaction rates.

• Erie: Operating through independent agents in a select number of states, Erie offers replacement cost coverage for personal belongings and robust endorsements for identity recovery and personal property items. Erie ranked second in J.D. Power's 2026 renters insurance satisfaction rankings.

• Lemonade: As a nearly complete digital platform, Lemonade offers competitive renters insurance premiums and focuses heavily on a streamlined digital application and claims experience.