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Allstate renters insurance costs an average of $165 a year, about $14 a month, in NerdWallet’s rate analysis, which matches the national average for renters cover. The policy is a reasonable buy for renters who already insure a car with Allstate and can take the bundle discount. Customer complaints run higher than at rival carriers, and reviewers rate its service below State Farm and Amica.
Allstate sells renters insurance in all 50 states and Washington, D.C., through local agents and online. That agent network is the main reason to pick it over cheaper app based rivals. This review covers what the policy costs at several coverage levels, what it includes, what customers report, and where it loses to the competition.
Is Allstate renters insurance worth it?
Allstate renters insurance is worth it for existing Allstate auto customers and renters who want a local agent, at a price that sits right on the national average. NerdWallet’s analysis puts Allstate at $165 a year for a sample renter with $30,000 of personal property cover, $100,000 of liability cover, and a $500 deductible, equal to the national average of $165 (NerdWallet). Renters chasing the lowest price or the smoothest claims record will find better fits elsewhere.
Our ranking of the best renters insurance companies shows where Allstate lands against State Farm, Lemonade, Amica, and USAA on price and service together. Allstate sits in the middle of that table: never the cheapest, rarely the worst, and strongest when a bundle discount applies.
How much does Allstate renters insurance cost?
Allstate renters insurance costs about $14 a month at a common coverage level, and the price climbs with the amount of property you insure. MoneyGeek’s tier analysis puts Allstate at about $15 a month for $20,000 of personal property cover, $26 a month at $50,000, and $45 a month at $100,000, with liability held at $100,000 or more. Published averages differ between reviewers because each one prices a different sample renter, so use the tiers to place your own quote.
| Personal property cover | Allstate average per month | Allstate average per year |
|---|---|---|
| $20,000 | $15 | $178 |
| $50,000 | $26 | $314 |
| $100,000 | $45 | $535 |
| $250,000 | $110 | $1,322 |
Your ZIP code, deductible, and claims history move your quote away from these averages, sometimes by a lot. If you are deciding how much property cover to buy in the first place, our guide to how much renters insurance for $100,000 costs shows the price steps between coverage levels across carriers.
What does Allstate renters insurance cover?
A standard Allstate renters policy covers your belongings against fire, theft, vandalism, and water damage from plumbing problems, under personal property cover. It adds liability protection if someone is hurt in your home or you damage their property, medical payments for guests, and loss of use cover that pays extra living costs while your rental is repaired after a covered claim. Optional add ons include scheduled personal property for jewelry and instruments, identity theft cover, and replacement cost cover for your belongings.
Replacement cost cover deserves attention. A standard policy pays the depreciated value of your things. The upgrade pays what a new replacement costs, which is the difference between a five year old laptop’s resale value and the price of its current equivalent. Our explainer on whether renters insurance covers property damage walks through how these sections respond in common scenarios.
What does Allstate renters insurance not cover?
Allstate renters insurance does not cover flood damage or earthquake damage, and it does not cover damage you cause on purpose or losses from illegal activity. Those exclusions match the rest of the renters market. Renters in flood exposed areas need a separate flood policy. Belongings you keep for a business run from home also sit outside a standard policy unless you add cover for them.
Roommates are another gap. A policy covers the person named on it, and a roommate’s belongings need their own policy in most states. High value items run into sublimits too, which is what the scheduled property add on exists to fix. Renters with serious liability exposure sometimes pair a policy with an umbrella; our guide on whether renters need umbrella insurance covers that decision.
What discounts does Allstate offer renters?
Allstate offers renters discounts for bundling multiple policies, enrolling in autopay, keeping a claims free record, fitting protective devices such as smoke alarms or a security system, and, in many states, being retired and aged 55 or older. The multi policy discount is the largest of the group for most people, which is why the policy prices best for drivers who already hold Allstate auto cover.
What do customers report about Allstate?
Customers report average prices and a weaker service record. Insurify’s review lists a relatively high number of customer complaints among its cons, with customers reporting difficulty getting claims approved, and notes that other insurers sell cheaper policies. ValuePenguin rates Allstate’s customer service below rivals and puts its own average Allstate quote at $23 a month for its sample renter, the same as its national average figure, with State Farm, Lemonade, and Amica all cheaper in its comparison.
The strengths reviewers repeat are availability and access. Allstate writes in every state, sells through agents you can visit in person, and handles claims inside its own group rather than through a third party underwriter. For a first time renter who wants a person to call, that has real value. For a renter who only wants the lowest premium, it does not outweigh the price gap.
Key takeaways
Allstate renters insurance costs about $14 a month at a standard coverage level, matching the national average, and its rates stay below average at lower property limits in MoneyGeek’s tiers. Buy it for the bundle discount and the agent network. Look elsewhere if claims service is your top priority, since complaint levels and reviewer service scores trail State Farm and Amica.
Frequently asked questions
How much is Allstate renters insurance per month?
About $14 a month on average for a sample renter with $30,000 of personal property cover, $100,000 of liability cover, and a $500 deductible, according to NerdWallet’s rate analysis. MoneyGeek’s tiers put Allstate near $15 a month at $20,000 of property cover and $45 a month at $100,000. Your ZIP code and deductible will move your own quote.
Does Allstate renters insurance cover theft away from home?
Yes. Personal property cover follows your belongings, so a laptop or bike stolen away from your rental is generally covered, subject to your deductible and any sublimits. Off premises theft is one of the most used parts of a renters policy, and it applies worldwide on standard policies.
Does Allstate renters insurance cover my roommate?
Usually no. A renters policy covers the named insured and, in most cases, resident relatives. An unrelated roommate needs their own policy to protect their belongings and liability. Some states and policy forms allow adding a roommate, so ask the agent before you assume shared cover exists.
What is the difference between actual cash value and replacement cost at Allstate?
Actual cash value pays what your item was worth when it was lost, after depreciation. Replacement cost cover, an optional Allstate upgrade, pays enough to buy a new equivalent item. On electronics and furniture the gap is wide, so most reviewers suggest pricing the upgrade before you decline it.
Can you cancel Allstate renters insurance at any time?
Yes. Renters policies can generally be cancelled at any time, with a refund of unused premium, though rules vary by state and by whether you paid in full or monthly. If a landlord requires cover under your lease, line up the replacement policy first so there is no gap in the coverage your lease demands.
