State Farm renters insurance review highlights affordability, accessibility, and trusted service. The company is one of the largest insurers in the country by market share and is featured in our overview of the best cheap renters insurance companies. State Farm is backed by a vast agent network and utilizes highly rated digital tools to offer its insurance services, catering to a wide variety of customer needs.
Pros
Low premiums that often beat the national average
Broad coverage options, including identity restoration and earthquake protection add-ons
Large agent network for in-person support
Highly rated digital claims processing
Discounts for bundling and installing smoke detectors or burglar alarms
Cons
Limited additional living expense coverage without add-on coverages
Fewer optional coverages compared to some competitors
Poor reviews on BBB and Trustpilot for some locations
Fewer deductible options than some competitors
About State Farm Renters Insurance
Founded in 1922, State Farm is the largest auto and home insurer in the U.S. with headquarters in Bloomington, Illinois. As a mutual insurer, it operates through around 19,000 agents and 343 claims offices nationwide.
State Farm renters insurance stands out as an affordable, reliable choice that earns high marks among experts. Its average renters insurance premiums of between $10 and $18 per month is below the national averages.
State Farm earns an A++ rating from A.M. Best. However, its customer review scores are highly mixed, depending on location.
Features and Benefits
State Farm renters insurance offers a well-rounded and convenient mix of protections to meet everyday renters’ needs. One of its standout features includdes additional living expense coverage, in which, if a covered event like fire or theft makes your rental uninhabitable, State Farm helps pay for temporary housing, meals, and related costs, typically for up to 24 months
You can also add optional endorsements such as identity theft restoration, that will provide up to $50,000 for recovery after identity theft. Customized earthquake and sewer backup protection is also available beyond your standard coverage
State Farm also rewards renters who invest in safety. By installing smoke detectors, fire alarms, or a burglar alarm system, you may qualify for home alert discounts. Bundling with your auto insurance can provide an additional savings opportunity.
For renters seeking flexibility, State Farm offers coverage limits and deductible options, along with access to about 19,000 agents for personalized service. Though the company’s add-on coverage options are somewhat limited in scope and quantity.
- Protection for personal property, 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.
| Average Monthly Premium Cost | $10 to $18 |
| Deductible Options | $500 to $1,000 |
| BBB Rating | F to A (not accredited) |
Why We Like It
State Farm offers a solid mix of affordability, coverage, and convenience. Its average renters insurance policy prices consistently beat 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
State Farm limits flood insurance and advanced add-ons unless you pay for additional riders. The BBB and Trustpilot include customer complaints related to claim denials and lackluster communication. While the complaints aren’t widespread and are specific to only some locations, they do exist. Additionally, the company’s deductible range is less flexible compared to specialized carriers that offer more customization options where deductibles are concerned.
State Farm Renters Insurance Customer Reviews?
State Farm customer sentiment is 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 in and around 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 is 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 and 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 price and speed. While State Farm offers low premium prices and a vast agent network, Lemonade policies focuses on claim speed and digital availability, and does so for even less money per month, on average, than State Farm.
The most significant difference between the two regarding price, is that Lemonade includes replacement value cost coverage in its most basic policies, while State Farm customers must choose it as an additional-cost add-on provision.
Both companies earn high marks from experts and consumers alike. However, State Farm receives location-specific BBB grades that vary from A to F, while Lemonade maintains a B grade from the organization.
| State Farm | Lemonade | |
| Average Monthly Premium Cost | $10 to $18 | $5 to $12 |
| Deductible Options | $500 to $1,000 | $500 to $1,000 |
| BBB Rating | F to A (not accredited) | B (accredited) |
| State Availability | 47 states + D.C. | 29 states + D.C. |
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. State Farm typically reviews claims within days, handles adjuster visits if needed, and issues payouts based on your specific coverage limits and deductible amount.
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.
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: One of the few mutual renters insurance companies offering a dividend policy, Amica consistently earns top scores in the J.D. Power property claims satisfaction study. It provides extensive coverage options such as water backup and identity theft protection, along with high-quality digital tools for filing your insurance claim
- USAA: Tailored for military families and veterans, USAA includes earthquake and flood coverage at no extra cost, which is rare among renters policies. 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 at no extra cost and robust endorsements for identity recovery and personal property items.
- Lemonade: As a nearly complete digital platform, Lemonade offers some of the lowest monthly premiums, starting as low as $5. The company focuses on fast, AI-driven claims through its app.
Frequently Asked Questions
Does renters insurance cover theft?
Does renters insurance cover water damage?
Source
Logo image source: statefarm.com
Deane Biermeier is a certified financial educator through the University of Minnesota and a respected authority in financial research, writing, and editing, renowned for his in-depth analyses and expert advice. With a distinguished career that previously spanned home improvement, real estate, and finance topics, Deane's role at Trusted Company Reviews focuses exclusively on finance.
Deane has contributed to leading publications such as Forbes Home, US News and World Report, Newsweek Vault, and others.
Since joining TrustedCompanyReviews.com in 2023, he has solidified his reputation as a crucial resource for clear, factual financial guidance.
Deane Biermeier
Last Updated: April 9, 2026
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