How to Get Renters Insurance in Texas? - a Detailed FAQ
Key Points
You can get renters insurance in Texas through any of the following ways:
Shopping for renters insurance plans in the Texas yourself
You can shop for a suitable renters insurance plan by searching across the Texas insurance marketplace. Once you have determined your insurance needs, you can contact any insurance company that offers renters insurance coverage in Texas or get quotes online. Always compare the results from multiple sources. Use a quote comparison worksheet to assist in shopping for renters insurance coverage.
Recommendations from families, friends, and neighbors
You can find renters insurance by asking friends, neighbors, and family members with active renters insurance policies. These people can tell you how and where they got their renters insurance coverage. Ask them if they are happy with their choice of an insured, and if not, then what would they recommend you do differently.
Employing the services of an insurance agent
The best and most advised way of getting renters insurance (and any other insurance) is to consult with a Texas-licensed insurance agent. A knowledgeable property insurance professional who has access to multiple insurers can provide competitive quotes to help you find a suitable renters insurance plan. Insurance agents save you the time and stress of shopping for renters insurance. They will also help you analyze your needs and suggest a plan that best fits them.
Use the printable Texas renters insurance shopping and quote comparison worksheet to assist in your search.
Do You Actually Need Renters Insurance in Texas?
Yes, you need renters insurance in Texas if you rent or lease an apartment. Out of the nearly 12 million housing units in Texas, over 4.5 million (38%) units are rentals and although renters insurance is not required by law in the state, you need it for the following reasons:
- The landlord’s insurance policies will likely only protect the building from damage and the landlord from liability claims, but they will not cover your personal belongings. Renters insurance protects your personal belongings against unforeseen circumstances, such as damage or theft.
- Some landlords may require you to have renters insurance before you can sign the lease and move in.
How To Shop For Renters Insurance in Texas
You can shop for renters insurance by checking insurance companies that offer renters insurance yourself and compare their quotes vis-a-vis your needs. This can be done online or by visiting their offices in person. However, it is advisable to engage a licensed insurance agent who can help you analyze your needs and find a renters insurance plan that suits them. Employing the services of licensed insurance agents in Texas is free of charge.
What Are My Renters Insurance Options in Texas?
There is only one renters insurance option in Texas. However, what you intend to cover with a renters insurance policy makes a difference. For instance, the coverage against loss of personal belongings can either be actual cash value (ACV) or replacement cost (RCV). Therefore, you can choose between actual cash value coverage and replacement cost coverage for your personal belongings.
If you decide to opt for actual cash value coverage, the insurance company pays the cash value of your lost or damaged personal belongings after depreciation has been calculated. The insurance company will, however, pay the exact amount it will cost you to replace the items if you get replacement cost coverage.
Furthermore, there are some riders (options) you can add to your renters insurance plan to make a big difference. You can discuss your renters insurance options with a Texas-licensed insurance agent.
How to Qualify For Renters Insurance in Texas
You have to be a tenant or you are intending to move into an apartment that you do not own to qualify for renters insurance in Texas. Therefore, you can purchase renters insurance before you even sign the lease. After you leave a rental place, your renters insurance still covers you inasmuch your policy is still active. A landlord cannot buy renters insurance for their property, but they can ensure their tenant purchases it.
Where to Buy Renters Insurance in Texas?
Several insurance companies offer renters insurance in Texas. You can contact any of them or their agents to discuss the renters insurance coverage you want. You can use the help of a licensed insurance agent who can help you buy renters insurance that will meet your needs. Furthermore, you can buy renters insurance online:
| Most Common Renters Insurance Companies in Texas | |
| (in alphabetical order) | Average Consumer Satisfaction |
| Allied | 3.8 |
| Allstate | 3.4 |
| American Risk | 2.5 |
| Assurant | 3.4 |
| Amica Mutual | 4.4 |
| Centauri | 2.3 |
| Chubb | 4.1 |
| ePremium | 3.3 |
| Farmers | 4.2 |
| Foremost | 3.2 |
| Geico | 4.1 |
| Germania | 3.2 |
| Guard | 2.7 |
| Hallmark | 3.1 |
| The Hartford | 4.1 |
| Imperial Fire and Casualty | 3.4 |
| Jetty | 3.6 |
| Lemonade | 4.3 |
| Liberty Mutual | 3.7 |
| Mercury | 2.8 |
| Nationwide | 3.9 |
| Progressive | 3.4 |
| Pronto | 3.2 |
| State Farm | 4.1 |
| Stillwater | 2.0 |
| Texan Insurance | 4.7 |
| Texas Farm Bureau | 3.5 |
| Travelers | 3.8 |
| UPC Insurance | 3.1 |
| USAA | 4.0 |
| US Lloyds | 2.9 |
| Note: Average consumer satisfaction score is the average aggregate score from multi-user (non-employee) review platforms, such as: ConsumerAffairs, TrustPilot, WalletHub, SuperMoney, and others (based on availability). | |
Where to Get Renters Insurance in Texas?
In Texas, you can get renters insurance through any of the following ways:
From your current insurer
If your current insurer for some other policy (for example - auto) also sells renters insurance policies, you can get one from them. Getting renters insurance from such an insurer may even make you eligible for multi-policy discounts. Make sure to compare the quote from your insurer with others.
Through an insurance agent
Licensed insurance agents have access to accurate and up-to-date quotes from insurance companies that they represent. You can employ the services of an insurance agent who can q you shop for multiple quotes from which you can choose.
Getting online quotes
You can get renters insurance quotes online and buy a policy that best fits your needs after comparing the quotes. Once you commit to a plan, you will still need to interact with the company’s agent before the policy is bound.
The smartest way to get renters insurance in Texas is through a licensed insurance agent. Shopping for renters insurance on your own may have some pitfalls, such as buying inadequate coverage or paying a higher price for a policy than you should. Plus, using an agent does not affect the cost of your insurance. If you search for the plan yourself, you will pay the same price as if it was offered to you by an agent. Your cost remains the same, but you did not get to see all the other options that a professional could have found for you.
How To Apply For Renters Insurance in Texas?
You can apply for renters insurance in two different ways:
In-person
You may decide to apply for renters insurance yourself
Through a licensed insurance agent
An insurance agent can help you apply for renters insurance after determining your needs and making recommendations.
Who Can Help With Application For Renters Insurance in TX?
A licensed property insurance agent can help you with your renters insurance application in Texas. Typically, insurance agents sell policies offered by the companies they represent. As professionals, insurance agents can help you assess your renters insurance needs and guide you in making the right decisions. The agent’s professional assistance does not cost you anything extra.
Should I Use an Insurance Agent to Buy Renters Insurance?
Yes, you should use a state-licensed insurance agent to buy renters insurance in Texas. Using an insurance agent to buy renters insurance saves you time and the stress of shopping around for quotes. By using a knowledgeable insurance agent, you tap into a network of connections the agent has with insurers that you otherwise might not be exposed to, even after multiple searches online. Plus, their service is free to you. Having a personal connection with an insurance agent can be of great help to you when you need to file a claim.
Read more about the benefits of Purchasing Texas Renters Insurance Through an Agent.
Can I Buy Renters Coverage Online in Texas?
Yes, you can buy renters coverage online if your insurer has an online platform for insurance policy sales. If you want to buy your renters coverage online in Texas, speak with an insurance agent licensed to operate in Texas, to help you find an insurer that has an online platform where you can purchase it.
Can Anyone Get Renters Insurance in TX?
Yes, anyone who rents or leases an apartment, condo, or a home in Texas can get renters insurance to cover their own property and liabilities.
Can You Obtain Renters Insurance at Any Time?
Yes, you can obtain renters insurance at any time. It does not matter whether you are just renting your apartment or have resided in the apartment for some time without renters insurance. Once you are ready to purchase renters insurance, you can obtain coverage from any state-approved insurer through a Texas-licensed insurance agent.
Can I Over-Insure My Personal Belongings on Renters Insurance?
It is not ideal to over-insure because claims are paid based on the actual loss value, and insurers will not pay anything extra, even if you have coverage for a much higher amount. The best thing to do is to buy enough coverage that can keep up with the current value of personal items in the house any time a covered peril strikes. Over-insuring your personal belongings happens when you buy coverage that exceeds the cash value of your insured belongings. As such, this is not advisable.
What Happens If I Over Insure My Personal Belongings on Renters Insurance?
If you over-insure your personal belongings, you will pay more as premiums on your renters insurance policy than you should. Paying more in premiums can force you to overstate the cost of replacing your lost or damaged belongings while filing a claim. Your insurer, on the other hand, may reject such a claim. Therefore, over-insuring your personal belongings is a waste of money.
Should I Over Insure My Personal Belongings?
No. You should not over insure your personal belongings. You just need to have a renters insurance policy that is enough to cover your personal belongings against insurable perils.
Is Buying Too Much Renters Insurance a Smart Decision?
Buying too much renters insurance is not a smart decision. Purchasing enough coverage for your personal belongings, liability claims, and all living expenses when your apartment becomes uninhabitable and you need to find a temporary living space is smart.
Can I Insure My Personal Belongings in an Apartment Without Landlord or Homeowners Insurance?
Yes, you can insure your personal belongings even if the owner or the landlord of the apartment in which you live does not have landlord or homeowners insurance. If there is an unforeseen circumstance that destroys the apartment and your belongings, your Texas renters insurance policy will cover your personal loss.
How Do I Renew My Renters Insurance in Texas?
Most Texas renters insurance policies auto-renew. Before the policy expires, your insurer should send you a renewal letter. This letter should contain the due date, the possible change in the cost, and any other change in the policy. Alternatively, you can renew your renters insurance by contacting your insurer or the insurance agent who helped you obtain the policy.
What Kind of Renters Insurance is Best in Texas?
Any renters insurance that gives you adequate personal belongings coverage, liability claim coverage, and additional living expenses coverage at the best cost is the best one for you.
What Is The Best Renters Insurance For Travelers?
The best renters insurance for travelers is a renters insurance policy that covers their personal belongings while in transit and those at home. If you need to rent an apartment for a short period, you can purchase a regular full-term renters policy and then cancel the coverage and get the refund of the unused portion of the premiums whenever you decide to move out.
How To Reinstate Renters Insurance That You Stopped Paying?
To reinstate renters insurance that you stopped paying for, you need to contact your insurer directly or inform your insurance agent of the intention to reinstate the policy. Either way, only your insurer reserves the sole right to reinstate it. They may reject your application if you do not meet the requirements for policy reinstatement as set by them. If your insurer will reinstate your renters insurance policy, they may request you to pay all the outstanding premiums, increase your premium, or do both.
How To Find Out What Renters Insurance I Have?
The following are three ways of finding out what renters insurance you have:
- Checking your policy document
- Contacting your insurer
- Asking your insurance agent
Your policy document should contain your policy details, such as coverage and premium amount. Furthermore, your insurer can provide you with the details of your renters insurance coverage if you contact them. Insurance agents also keep records of their clients, and asking your insurance agent can help you get the information you need.
How Do I Find Out My Renters Insurance?
You can find out your renters insurance by contacting your insurer or your insurance agent if you employed the services of an agent to purchase the policy.
How Do I Know If I Have Renters Insurance?
You will always know provided you have one. Renters policy is not one that can be bought without the insured's consent. Besides, the insured always pay premiums to keep their policy active, so there is no way they will not be aware of such a policy.
Can Renters Insurance Be Combined With Other Insurance To Become More Affordable?
Yes, you can combine your Texas renters insurance with other property and liability insurance policies to make it more affordable. For instance, renters insurance can be combined with auto insurance to save on costs. Insurance companies often offer discounts when you combine renters insurance with other insurance policies.
Can I Bundle Renters and Auto Insurance in Texas?
Yes, you can bundle renters and auto insurance. It is a smart decision to bundle your renters and auto insurance with the same insurer. The benefits of bundling policies with the same insurer include the possibility of getting discounts that can help you save on costs. The insured can also efficiently manage their policies since they are all with one insurer. Knowledgeable insurance agents can guide you on how you can bundle your renters insurance with other insurance policies.
Is Renters Insurance a Good Deal in Texas?
Yes, renters insurance is a good deal. Renters insurance is relatively cheap; its average cost in Texas is $20 per month. Despite this, its importance in terms of coverage cannot be overemphasized. It offers up to $30,000 in property coverage and at least $100,000 in liability coverage. If you choose not to have renters insurance, you will have to fix or replace whatever is damaged or stolen in your rented apartment and settle possible liability claims out of your pocket.
Related Articles and Tools
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Do I Need Renters Insurance in Texas? - FAQ
Can You Purchase Texas Renters Insurance Through an Agent
How Are Renters Insurance Claims Handled in Texas?
How to Pay for Renters Insurance
How to Make Changes to Renters Insurance
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How to Cancel Renters Insurance
PRINTABLE WORKSHEETS
