Who Has the Cheapest Renters Insurance in Austin, Texas? (2025)
Austin’s best cheap renters insurance
Cheapest renters insurance in Austin
Lemonade has Austin’s cheapest renters insurance, with an average rate of $10 a month. That’s 41% less than the city average of $17 a month. And it’s 29% less than the second-cheapest company, which is State Farm at $14 a month.
| Company | Monthly rate | Annual rate | LendingTree score | |
|---|---|---|---|---|
 | Lemonade | $10 | $120 |  |
 | State Farm | $14 | $168 |  |
 | Allstate | $16 | $192 |  |
 | Amica | $16 | $192 |  |
 | Progressive | $21 | $252 | |
 | Farmers | $22 | $264 | |
 | Assurant | $24 | $288 | |
Over the course of a year, you could save almost $50 by going with Lemonade over State Farm. The difference between Lemonade and the most expensive company we surveyed, Assurant, is even bigger. You could save close to $170 a year by choosing Lemonade over Assurant for renters insurance.
Your savings may be more or less, depending on how many discounts you can get. Amica and Allstate offer more renters insurance discounts than Lemonade and State Farm, for example. If you get a few of them, either could be the cheapest company for you.
Best renters insurance in Austin
Amica is the best renters insurance company in Austin overall because of its affordable rates and good customer service ratings.
Lemonade is the best company for low rates, while Progressive has the best discounts. Assurant has the best add-on coverages for personalizing your policy.
| Company | Best for | Monthly rate | Customer satisfaction
Source: J.D. Power 2024 U.S. Home Insurance Study. Higher is better; 659 is average.
|
|---|---|---|---|
| Amica | Overall | $16 | 695 |
| Lemonade | Low rates | $10 | 682 |
| Progressive | Discounts | $21 | 619 |
| Assurant | Coverage add-ons | $24 | Not rated |
How much is renters insurance in Austin?
The average cost of renters insurance in Austin, Texas, is $17 a month, or $204 a year.
That’s $3 a month, or 15%, cheaper than the state average renters insurance rate of $20 a month.
What you pay for renters insurance in Austin is based on:
- Types and amounts of coverage you buy
- Deductible you choose
- Value of your possessions
To get your best price for a policy, compare renters insurance quotes from several companies side by side before you buy or renew.
Frequently asked questions
You don’t need to buy renters insurance in Austin, Texas, because of any city or state laws. But you might have to get it because of your rental or lease agreement.
Many landlords require renters insurance to protect themselves in case a tenant damages the building or their unit. They also do it to protect themselves from liability claims and needing to cover relocation costs if the property becomes unlivable for certain reasons.
Landlords in Austin can require you to get renters insurance. You can usually find this information in your lease or rental agreement. If you aren’t sure, ask your landlord. They should also let you know if you need to show proof of renters insurance and if you need to buy a minimum amount of coverage. Your landlord may terminate your lease if you don’t meet these requirements.
Renters insurance policies usually cover your:
- Personal property
-
Temporary living expenses
Helps cover temporary housing costs if you move into a hotel or another apartment while your rental home is being repaired or rebuilt.
-
Personal liability
Helps cover legal expenses, medical bills and other damages if someone gets injured at your rental home and sues you.
The amount of coverage your renters insurance provides for these things depends on your deductible and coverage limits.
Methodology
LendingTree collected thousands of renters insurance quotes from the largest insurance companies in each state, based on data availability.
We used thousands of renters insurance quotes from across the U.S. for a 30-year-old single woman who has no recent renters insurance claims. Your rates may vary. Coverage limits include:
- Personal property coverage: $20,000
- Deductible: $500
- Personal liability: $100,000
- Guest medical protection: $1,000
- Loss of use: $9,000
Overall satisfaction ratings were obtained from J.D. Power’s 2024 U.S. Home Insurance Study. The agency’s scores are based on customer surveys that rate insurance companies on factors like price, policy offerings and claims.