Austin Renters Insurance

The Zebra
July 23, 2019

Renters insurance in Austin


It's important to carry renters insurance for those renting an apartment or house. Renters insurance covers your rental unit — and the personal property within it — against a variety of perils, such as fire, theft, vandalism, and wind damage. Given the likelihood of these incidents occurring, the affordable price of a renters policy, and the relatively high cost of replacing your property, a renters insurance policy is a solid investment.

How much your renters insurance policy costs will come down to a number of factors, including the building's age, its material constitution, its geographic location, and the pricing rules of your insurance company. In areas prone to hail, fire, lightning, or damaging wind, renters insurance could be more expensive to account for the extra risk.

The average annual cost of renters insurance in Austin is $232.

Getting affordable renters insurance in Austin should start with a thorough review of the top renters insurance companies. Check out our breakdown of Austin renters insurance premiums to begin your search with as much background info as possible. Remember: rates may vary based on your coverage limits and other factors.


Austin renters insurance:

  1. Rates by company
  2. Rates by coverage level
  3. Car and renters insurance discounts

Renters insurance costs in Austin — popular companies

Insurance premiums in Austin vary based on the insurance company providing the quote. For instance, Travelers offers the most affordable renters insurance in Austin, at just $159 per year. This compares favorably to the city's average cost of $232, providing a $73 price break on typical rates in the city.

Begin your search for a renters insurance policy by exploring the cheapest insurers in Austin.


AFFORDABLE RENTERS INSURANCE COMPANIES IN AUSTIN
CompanyAverage Annual Rate in Austin
Travelers$159
USAA$164
State Farm$174
Safeco$176
United$196

Austin renters insurance pricing by coverage tier

The cost of your renters insurance depends on the amount of coverage you carry. Two of the most common levels of renters insurance coverage are $25,000 and $50,000. In Austin, the difference in annual premium between these two tiers is roughly $116. If you can afford to insure your personal property at this additional expense, it's an option worth considering.

Coverage LevelAverage Annual Rate in Austin
$25K Property$174
$50K Property$290

Tip: bundle your renters and car insurance

If you’re seeking ways to save on your insurance expenditures, consider carrying your renters and auto policies with the same insurance company. Bundling renters and car insurance in Austin can result in substantial savings. In fact, bundling policies in Austin leads to average auto insurance savings of $68. The auto insurance company with the cheapest bundled rate is State Farm, followed by USAA and Progressive.


RENTERS AND CAR INSURANCE BUNDLE DISCOUNTS IN AUSTIN
Annual Bundle SavingsBundle Savings %
$683.9%

Need renters insurance? Talk to an expert today.