State Farm Renters Insurance Review: Pros & Cons, Pricing, and Features

Studenomics Score:  4.5 Out of 5 Stars

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Who is State Farm Insurance?

State Farm has been offering insurance products (all types of insurance all the way to financial services) since 1922. 

The company has over 18,000 agents and 56,000 employees.

in 2019, State Farm was ranked 36th in the Fortune 500 list based on revenue.

How Does State Farm Renters Insurance Work?

“Does State Farm have renters insurance?”

Many readers have asked if State Farm offers renters insurance. 

You’ve likely heard of State Farm since the company is pretty much a household name at this point. You may even associate State Farm with auto insurance. However, State Farm Insurance Renters Insurance is also available.

State Farm may be known for its auto insurance, but the company also offers other types of insurance if you’re looking for an insurance bundle to simplify your life.

Before we go any further, you’re likely wondering one important detail about State Farm.

How does State Farm Renters Insurance work?

If you’re looking for renters insurance, you can apply online for a renter’s insurance quote with State Farm Renter’s Insurance. 

The company will instantly give you a quote (more on this later) and you can customize your policy until you find the right insurance plan for your budget and situation.

Is State Farm Renters Insurance Good? 

State Farm Renters Insurance is available nationwide with customizable policies.

You can find a renters insurance policy that suits your needs.

State Farm Renters Insurance will protect your personal property, your personal liability, and provide you with loss of use coverage so that you can stay in a hotel if you can’t live in your unit for an insured loss.

On that note…

Is State Farm Renters Insurance legit?

State Farm has been around since 1922 and the company often receives high reviews in studies (more on this later) conducted with customers.

You can find State Farm insurance in every single state so if you were to move you wouldn’t have to worry about finding a new insurance company.

The important question for you here revolves around how much State Farm Renters Insurance costs.

 We know how expensive life already is. This is why we always factor in the price when it comes to reviewing renter’s insurance.

How Much Is State Farm Renters Insurance?

How much is State Farm Renter’s Insurance? It’s difficult to give a one-size-fits-all answer because renters insurance varies totally on the situation. 

Here’s what you should remember about the price of State Farm Renters Insurance from the official website:

Is State Farm Worth The Cost?

State Farm Renters Insurance is worth the cost mainly because you can customize your policy to match your needs. 

The best part of State Farm is that you can bundle your insurance plans with them. You can combine auto insurance, life insurance, boat insurance, and your renters insurance with them.

Bundling your insurance makes State Farm worth the cost since you can your insurance under one payment.

Can I Bundle My State Farm  Renters Insurance With My Auto Insurance?

As we have mentioned in this review, you can bundle your State Farm Renters Insurance with your auto insurance and receive deep discounts.

Add reviews, Glassdoor, BBB, Reddit - These are always indicative of customer service.  Add their score and total number of reviews.  For Reddit, it will be overall sentiment.

Notable Quote Against State Farm Company:

Other users were quick to point out that car parts aren’t covered. The reason that we are sharing this is because it’s important to look over your policy.

You also want to ensure that your claims are worth paying the deductible.

What are the State Farm Renters Insurance reviews like? We looked around to see what other blogs and writers had to say about State Farm Renters Insurance.

Notable Quote For State Farm Company:

As always, we go through Reddit to see what regular people had to say abut State Farm Renters Insurance. 

A detailed search of the phrase, “Renters Insurance State Farm Reddit” helped us find this interesting review.

As you can see, State Farm Renters Insurance is trusted and used by many around the nation so you don’t have to worry about that.

How Do You File a State Farm Renters Insurance Claim?

How do you file a claim on your State Farm Policy? You first need to do the following:

• Report any losses or damages to your landlord.
• File a police report if necessary. 
• Hold on to your receipts if you have to live in a hotel for a bit.
• Review your policy to see if you’re covered.

Hopefully, you never have to file a claim with State Farm Renters Insurance, but if you do, here’s how you can file a claim:

• Use the State Farm mobile app to start your claim.
• Fill out the key information about your claim.
• Wait to hear from State Farm as they review your claim. 

Filing a claim with State Farm Renters Insurance is a fairly easy process.

You can initiate your claim on your mobile app so that you don’t have to worry about being on the phone for hours.

What’s the State Farm Renters Insurance coverage like? What’s covered?

Your personal property.

State Farm Renters Insurance will cover your personal property (anything from tablets to clothing) in the event of a loss from accidents, weather impacts, and malicious impacts. 

The official website goes into great detail about what kind of coverage you have here.

As you can see, you have plenty of coverage for your personal property with State Farm Renters Insurance coverage.

You can customize the amount of coverage that you have based on your budget or the amount that your valuables are worth.

Liability coverage. 

Your personal liability is covered in the event that you get sued or have any legal issues due to a covered issue.

Liability coverage also extends to any damages to property or people that you’re responsible for.

If someone were to get injured at your place, their medical bills would be covered.

Loss of use coverage.

If you can’t live in your place due to an insured loss, you can be put up in a hotel where your meals are covered along with other possible expenses related to the new living situation.

You can also add pet medical coverage if you have pets. There are also other options for State Farm Renters Insurance coverage that we discuss in here later. 

What Isn’t Covered By My Policy

What isn’t covered by your State Farm Renters Insurance policy? Let’s look at what State Farm Renters Insurance doesn’t cover:

• Damage done to the actual structure of the unit. Your landlord needs insurance for the building, roof, and siding.
• Water damage caused by a flood or any underwater damage.
• Damage caused by Earth movements (earthquakes and so on).

As you go through your renter’s insurance policy it’s important to know what isn’t covered and if it’s critical to you based on the community that you live in.

For example, you may feel the need to add flood protection if you live in an area prone to flooding. 

When obtaining your State Farm Renter’s Insurance quote, you can find additional coverages for a premium.

You can pay for additional liability coverage, identity restoration, Earthquake damage, additional business property, and incidental business liability.

You may want to look into the business liability options if you work from home or run a small business. 

When looking for a quote, it’s important to put in all of the important information so that you find the right renter’s insurance policy for you.

Can I Add My Roommate?

Yes, you can add your roommate to your State Farm Renters Insurance policy. You must provide the full information when you obtain your renters insurance quote.

Pros and Cons of State Farm Renters Insurance?

As with every renters insurance policy, you’re going to find positives and negatives. It’s only fair that we look at both sides so that you know what you’re getting into.

What are the pros and cons of State Farm Renters Insurance?

Those are the pros and cons that we want you to think about when it comes to State Farm Renters Insurance.

Does State Farm Offer Insurance In My State?

You can also check the best renters insurance rates by state using the map below.

How to Cancel?

How can you cancel your State Farm Renters Insurance policy? You can easily do so by contacting your agent or using the website.

Take Action

That’s everything you could want to possibly know about State Farm Renters Insurance Reviews.

If you’re looking for a customizable renter’s insurance policy that fits your budget and needs, State Farm Renters Insurance is for you.

State Farm has been around for a long time and the company offers many different insurance products nationwide.