Best Renters Insurance Companies – nj.com

If you rent your home, you may benefit from renters insurance. A renters policy can provide financial help if your rental catches on fire or someone breaks in, destroying your belongings. It will also cover your personal liability if you’re sued and pay for medical expenses for a guest if they’re injured on your property. For a catastrophic event that displaces you from the rental, the policy can also pay for additional living expenses you’ll pay until you’re back home.

Most insurance companies offer renters insurance, so how can you choose the policy that’s right for you? We compared dozens of carriers to find the best renters insurance companies in New Jersey. Understanding the differences between the companies and how to compare policies and carriers can help you find the best policy for the right price.

Company name Sample monthly cost* Trustpilot score

Company name

Lemonade

Sample monthly cost*

$14.00

Trustpilot score

4.5

Company name

Erie

Sample monthly cost*

$20.00

Trustpilot score

2.9

Company name

Farmers

Sample monthly cost*

$17.00

Trustpilot score

1.9

Company name

USAA

Sample monthly cost*

N/A

Trustpilot score

1.3

Company name

Nationwide

Sample monthly cost*

$14.00

Trustpilot score

2.0

Company name

Allstate

Sample monthly cost*

$23.00

Trustpilot score

1.3

Company name

State Farm

Sample monthly cost*

$25.50

Trustpilot score

1.8

Company name

American Family

Sample monthly cost*

$25.00

Trustpilot score

2.3

Best Renters Insurance Companies

Lemonade

Pros

  • Entirely digital experience
  • Fast claims process
  • Cheap rates

Cons

If you prefer a 100% digital experience and cheap coverage, Lemonade may be a good choice. This carrier offers one of the cheapest rates for renters insurance in New Jersey. Besides the basic coverages, you can customize your Lemonade renters insurance with extra coverage for high-value items, like jewelry, bikes, musical

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