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3 User Reviews
LAST UPDATED: May 5th, 2021

State Farm offers competitive renters insurance coverage. Its optional identity theft coverage helps cover the costs of recovering from identity theft and access to a case manager to help you work with financial institutions.

State Farm is a well-known insurance company. It has earned high financial strength ratings, which shows the insurer's reliability.

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The Good

  • High Financial Strength Ratings
  • Standard Coverage Options
  • Good Identity Theft Protection
  • Online Quote and Helpful Information

High Financial Strength Ratings

With high financial strength ratings, State Farm is a dependable insurer. Financial strength ratings are an indicator of how likely an insurance provider is to be financially able to meet its claims obligations.

High financial strength ratings are common among top insurers because financial stability is an important part of establishing trust.

Standard Coverage Options

State Farm is competitive in the industry because it offers standard coverage options and you're likely to find a policy that meets your insurance needs. Its renters policies include personal property, loss of use, and liability coverage.

If you want additional coverage, you can buy a personal liability umbrella policy and earthquake insurance.

Business owners renting office space or store fronts can buy additional protection for business property and business liability.

Good Identity Theft Protection

State Farm offers a good identity theft protection that can be added to its renters insurance policies. With this coverage, you can benefit from up to $25,000 in reimbursements for covered expenses according to the policy's terms.

You'll also benefit from the services of an identity theft case manager. Your case manager will help you work with credit card companies, credit bureaus, creditors, and more for up to one year.

In some areas, you can enhance your identity theft protection for cyber attacks, cyber extortion, and fraud.

Online Quote and Helpful Information

State Farm makes buying renters insurance easy. You can get quotes online and benefit from State Farm's helpful information about renters insurance and how it works. Convenience and educational content make understanding and shopping for insurance easier. Alternatively, you can work with a local State Farm agent to learn more and purchase an insurance product.

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The Bad

  • Insufficient Customer Insight
  • Limited Discounts

Insufficient Customer Insight

Best Company has not received many State Farm renters insurance reviews. With minimal insight from State Farm policyholders, general conclusions about customer satisfaction are not available.

Limited Discounts

The only renters insurance discount listed on State Farm is bundling renters and auto insurance. Another way to lower your cost is by adjusting your coverage limit, which is the most an insurer will pay on a claim. 

In contrast to renters insurance, other insurance products like home insurance have more discount options to lower insurance rates.

However, the differences in discounts available is likely due to the limited ways the risk of offering renters insurance can be mitigated.

For example, a homeowner is less likely to make a claim for roof damage if their roof is new. In contrast, renters insurance is primarily for liability, personal property coverage, and loss of use. These risks are harder to mitigate.

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The Bottom Line

While more reviews are necessary to understand the customer experience, State Farm's renters insurance is worth exploring further. State Farm offers standard coverages with its policies and is dependable.

The renters insurance company may be an especially good fit if you're interested in good identity theft coverage and services to add to your renters insurance policy.

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Star Rating

2.7

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3 Reviews

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4 grade

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2 grade

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1 grade

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Mo Jr O ,

Our family just got renters insurance, for a reasonable price for our family. The deductible and the coverage was nice. This is something we need for our new start, in our home.

8 months ago

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mgillings

Our basement flooded with sewage. While they were nice enough on the phone, they were not very helpful. Probably will cancel our rental insurance because there was to little help.

3 years ago

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Brady Hanson Orem, UT

My family was highly dissatisfied with State Farm's renter's insurance. We thought the coverage was lower than other companies and at a higher premium.

3 years ago

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