Assurant Renters Insurance Review 2024 (2024)

While renters insurance isn’t a legal requirement in any state, some landlords mandate tenants buy renters insurance. Here’s what a standard renters insurance policy covers:

Assurant’s renters insurance policies include replacement cost coverage at no extra charge. This is valuable coverage because it will reimburse you for buying new items (such as clothes and furniture) if yours are destroyed. Some competitors include only actual cash value coverage in their base policies, which pays the depreciated value of items. Assurant’s renters policies also include coverage for injuries and property damage due to mold, dry rot and fungi.

In some states, Assurant’s policies will reimburse you for the cost of bed bug extermination services and extra living expenses if your rental is uninhabitable due to an infestation. Assurant’s payment limit for this is typically $1,000 for the remediation services and $500 for extra living expenses, per policy period. (You’ll need to pay for an initial inspection that verifies the presence of bed bugs.)

Depending on where you live, Assurant may cover food that goes bad during a power outage and will pay for your extra living costs if you have to temporarily live somewhere else because of a flood. However, flood damage to your possessions is not covered unless you buy separate flood insurance.

In certain states, you can add coverage for an extra fee, such as:

• Pet damage coverage pays for the repair costs if your pet damages your belongings.
• Water sewer backup pays for damage from a backed drain or sewer.
• Identity fraud coverage pays for costs resulting from identity theft like withdrawals or credit card charges.
• Rent protection covers your rent if you lose your job, with a maximum monthly benefit of $1,000.
• Earthquake coverage pays for repairing or replacing your stuff if damaged by an earthquake. It also covers additional living expenses if you cannot stay in your apartment due to earthquake damage.

Assurant renters insurance doesn’t cover issues such as:

• Structural damage to your rental—the landlord’s insurance should cover that.
• Flood or earthquake damage (unless it’s included in your base policy).
• Intentional damage or injuries caused by you.

Our analysis of renters insurance rates in Arizona found that Assurant is not very price competitive, especially for higher amounts of coverage. You can likely find cheaper renters insurance by shopping around.

Rates are based on a female renter age 40 with good credit. Source: Quadrant Information Services.
*USAA renters insurance is available only to military members, veterans and their family members.

To determine renters insurance costs, insurance companies generally use factors including:

• Where you live.
• Your age.
• Your credit and claim history.
• Coverage limits.
• Deductible amount.

Assurant vs. Lemonade Renters Insurance

Assurant sells coverage in all 50 states, while Lemonade renters insurance is available in 28 states. Assurant’s base policies include more than just property and liability insurance. They include replacement cost for replacing your possessions and coverage for fixing mold. In some states, it also pays for damages resulting from food that goes bad or if you have bed bugs. Lemonade has basic coverage but fewer extra features.

Both companies offer various add-ons. Assurant lets you add extra benefits like coverage for pet damage to your own belongings, water sewer backup, identity fraud and earthquake damage to your possessions. It also offers an unusual rent protection coverage that pays your rent if you become involuntarily unemployed (only up to the coverage limits). Lemonade has features, like paying for repairs if your pet damages the landlord’s property (such as apartment floors or drywall) or providing water backup coverage for replacing personal belongings damaged by water from drains or sewers.

Assurant vs. Allstate Renters Insurance

Assurant and Allstate offer renters insurance in all 50 states with standard coverage types. Assurant stands out by including replacement cost and mold coverage. Allstate’s standard policies may not include these extras, but you can add replacement cost coverage to your policy if you choose.

Both insurers sell extra coverage options, although Assurant sets itself apart with its bed bug and rent protection coverage.

Allstate renters insurance has more discounts, including discounts for buying more than one policy, being age 55 or older and retired, and using autopay.

Assurant vs. State Farm Renters Insurance

Assurant and State Farm offer insurance nationwide. Assurant enhances its offerings by including extras like replacement cost and mold coverage, while State Farm renters insurance policies lack additional features. Assurant has hard-to-find bed bug coverage, which you won’t find from State Farm. On the other hand, State Farm has coverage for cyber attacks and cyber extortion, if that’s a concern for you.

State Farm has more renters insurance discounts than Assurant, such as multi-policy and home protection discounts for those installing home monitoring devices.

Complaints

Assurant’s complaint level is almost four times the national average, based on home insurance complaint data from the National Association of Insurance Commissioners. Renters can easily find insurance from companies with lower levels of complaints, such as those in our best renters insurance companies list.

Where Assurant Excels

Assurant’s policies do automatically include more coverage than many competitors, and its bed bug coverage is unusual, but it’s hard to overlook Assurant’s high level of complaints.

Where Assurant Falls Short

Assurant’s high complaint levels and lack of renters insurance discounts are downsides to consider.

Company	Company - Logo	Forbes Advisor Rating	Forbes Advisor Rating	Average renters insurance cost for $15,000 in coverage	Complaint level	Learn More CTA text	Learn more CTA below text	LEARN MORE
State Farm		5.0		$9 a month	Very low	Compare Rates	Compare rates from participating partners via VIU's secure site
Westfield		5.0		$11 a month	Very low	Compare Rates	Compare rates from participating partners via VIU's secure site
American Family		4.5		$13 a month	Very low	Compare Rates	Compare rates from participating partners via VIU's secure site
Auto Owners		4.5		$9 a month	Very low	Compare Rates	Compare rates from participating partners via VIU's secure site
USAA*		4.5		$10 a month	Very low	Compare Rates	Compare rates from participating partners via VIU's secure site
Allstate		4.0		$9 a month	Very low	Compare Rates	Compare rates from participating partners via VIU's secure site
Country Financial		4.0		$15 a month	Very low	Compare Rates	Compare rates from participating partners via VIU's secure site
Nationwide		4.0		$11 a month	Low	Compare Rates	Compare rates from participating partners via VIU's secure site

*USAA renters insurance is available only to the military, veterans and their families.