Who Has the Cheapest Renters Insurance in San Antonio?
Find Cheap Renters Insurance Quotes in San Antonio
Lemonade has San Antonio's best cheap renters insurance, with average rates of $14 per month.
ValuePenguin analyzed six of the best renters insurance companies in San Antonio to find the cheapest renters insurance in the city. Rates vary by $111 per year, so the company you choose can provide significant savings.
Cheapest renters insurance companies in San Antonio
Lemonade's average rate of $14 per month is the cheapest renters insurance in San Antonio.
Lemonade is about $5 per month cheaper than the average insurance company in San Antonio, which translates to a savings of $66 per year. Overall, the average renters insurance rate in the city is $19 per month, or $231 per year.
Find Cheap Renters Insurance Quotes in San Antonio
Lemonade is $32 cheaper per year than any other company. Farmers and Allstate are the most expensive options, each more than $275 per year.
Cheapest renters insurance companies in San Antonio, TX
Best insurance for most San Antonio renters: Lemonade
Monthly rate: $14 ?
Pros and cons
Lemonade has the cheapest renters insurance rates in San Antonio — and a good customer service experience as well. The company's rate of $14 per month is 28% less than the city average.
Lemonade also has an online interface that's easy to use which improves the experience and service for its customers. The company gathers data about your property from public records, so you don't have to enter it manually. Plus, its online claims process in some cases delivers payouts in minutes.
Lemonade had the second-highest score among widely available companies in J.D. Power's annual rankings. It also received only 61% of the complaints expected for an average company of its size, according to the National Association of Insurance Commissioners (NAIC).
However, one notable drawback of Lemonade for some renters is the inability to work face-to-face with an agent. The company also offers very few discounts and does not sell flood insurance, which may be important to you because of the sometimes extreme weather in Texas.
Best customer service in San Antonio: Amica
Monthly rate: $21 ?
Pros and cons
Amica has the best-rated customer service ValuePenguin found among renters insurance companies in San Antonio. The company has only about 12% as many complaints as an average company of its size, according to NAIC data. This is a strong indicator that Amica customers are happy with how the company handles claims and other concerns.
But you'll pay a bit more for that service, as Amica's average rates are $21 per month. That's about 8% more than the city average, and more expensive than Lemonade, Travelers and Nationwide.
However, you can lower those rates with the wide range of renters insurance discounts Amica offers.
- Auto-pay discount
- Bundling discount
- Claim-free discount
- Loyalty discount
- Paperless discount
Amica offers a good — but not great — selection of coverages. You can get coverage for valuable items, identity theft protection and replacement cost coverage, but the company doesn't offer water backup coverage or equipment breakdown coverage.
Best for coverage options: Nationwide
Monthly rate: $16 ?
Pros and cons
Nationwide is the best option for San Antonio renters looking for the most expansive coverage available to protect their property. The company also has some of the lowest rates in the city.
Nationwide customers can add a range of different protections to their policies.
- Identity theft protection
- Replacement cost coverage
- Valuable items coverage
- Earthquake coverage
- Water backup coverage
- Extended liability coverage
- Flood insurance
Those coverages cost extra, but Nationwide's base rates are low. The company's prices are 15% cheaper than the city average.
The biggest drawback with Nationwide is that it doesn't offer many discounts. This means you will likely pay a bit more if you add coverages to your policy.
Best renters insurance in San Antonio
Amica has the best-rated renters insurance in San Antonio, based on ValuePenguin's multi-factor formula.
Amica has strong customer service ratings and a low rate of complaints. It also has a nice blend of coverage options and rates that are not too high.
Company |
Rating
|
|---|---|
| USAA | |
| Amica | |
| Lemonade | |
| Farmers | |
| Nationwide |
Good customer service can save you both time and hassle when you need to file a claim. A company that quickly pays out claims and doesn't make you jump through hoops allows you to focus on getting your life back in order when something goes wrong.
Frequently asked questions
How much is renters insurance in San Antonio?
The average price of renters insurance in San Antonio is $19 per month, or $231 per year. The city's cheapest rates are from Lemonade, at just $14 per month.
Who has San Antonio's best renters insurance?
Lemonade has the best cheap renters insurance for most renters in San Antonio. The company offers a combination of low rates, good customer service and diverse coverage options.
Do you need renters insurance in San Antonio?
You aren't required to purchase renters insurance in San Antonio. However, your landlord might require you to purchase a policy as part of your lease agreement. In this case, you usually have to list your landlord as an interested party.
Methodology
To find the best renters insurance in San Antonio, ValuePenguin considered three key factors: rates, coverage options and customer service.
ValuePenguin gathered San Antonio renters insurance quotes from six major companies. Quotes are for a 27-year-old single man with no roommates, pets or past insurance claims. Policies have $30,000 in personal property coverage and $100,000 in liability coverage.
Coverage | Limit |
|---|---|
| Personal property | $30,000 |
| Personal liability | $100,000 |
| Medical payments | $1,000 |
| Deductible | $500 |
Three factors went into ratings for customer service.
- The National Association of Insurance Commissioners (NAIC) Complaint Index compares a company's share of complaints nationally to its share of the market.
- The J.D. Power annual renters insurance customer satisfaction survey asks customers about how satisfied they are with their insurance company across a range of factors, which include claims processes, policy offerings, price, billing and shopping experience.
- ValuePenguin's editor rating is based on customer service ratings, coverage availability and options, and the overall value a company provides to its customers.