Cheapest Renters Insurance Deals
Discover 6 deals available this month.
1.Lemonade
Lemonade offers app-based renters insurance in many U.S. states with prices starting as low as $5 per month and a nationwide average around $16 monthly as of January 2026.
View Deal →At rates beginning near $5 monthly, Lemonade stands out for affordable, tech-driven renters insurance available across many states.
Pros:
- Low starting price of about $5 per month
- Nationwide availability in many U.S. states
- Easy app-based management and claims
Cons:
- Average price is higher than some competitors at around $16 per month
- Limited to renters insurance only, no mention of other coverage types
- May not be available in all U.S. states
2.Amica
Amica is a traditional insurer offering some of the cheapest renters insurance in the U.S., with an average cost of about $9 per month for a policy covering $20,000 in personal property and $100,000 in liability. It provides affordable coverage nationwide as of January 2026.
View Deal →At around $9 per month, Amica delivers budget-friendly renters insurance with solid coverage limits, making it a practical choice for cost-conscious renters.
Pros:
- One of the lowest national average premiums at about $9/month
- Includes $20,000 personal property and $100,000 liability coverage
- Traditional insurer with a long-standing reputation
Cons:
- Limited information on discounts or additional perks
- May not have as many app-based or tech-driven options as newer insurers
- Pricing and availability could vary by state
3.Erie Insurance
Erie Insurance is a regional renter’s insurance provider with average national rates around $14 per month for basic coverage. It offers affordable protection particularly in its core service areas.
View Deal →Erie Insurance stands out for offering competitively priced renters insurance in select U.S. regions, delivering value with reliable coverage at about $14 monthly on average.
Pros:
- Among the cheapest renters insurance options regionally
- Affordable average premium around $14 per month
- Provides basic coverage suitable for most renters
Cons:
- Coverage is regionally focused, not nationwide
- Limited information on discounts or additional deals
- May not be the lowest-cost option compared to larger insurers
4.American Family
American Family offers renters insurance with typical national average premiums around $15 per month, providing competitively priced coverage. Policies include standard personal property and liability protections.
View Deal →American Family provides a solid renters insurance option with balanced pricing and coverage, making it suitable for many renters seeking dependable protection at a reasonable cost.
Pros:
- Competitive average premium of about $15/month nationally
- Offered by a large, established U.S. insurer
- Standard coverage includes personal property and liability protection
Cons:
- Pricing is not the cheapest on the market compared to some competitors
- No mention of specialized deals or discounts in the data provided
- Availability and rates may vary regionally without nationwide uniformity
5.Travelers
Travelers offers renters insurance with average premiums around $17 per month for standard coverage nationwide. It provides affordable protection through a well-known national carrier.
View Deal →Travelers delivers reliable renters coverage at a moderate price point, balancing affordability with national availability.
Pros:
- Nationally available renters insurance
- Average premiums around $17/month for standard coverage
- Offered by an established and reputable insurer
Cons:
- Not the cheapest option compared to some competitors
- Pricing may be higher than regional or specialized insurers
- No mention of app-based or particularly innovative service features
6.USAA
USAA offers renters insurance exclusively for military members, veterans, and eligible families, with rates as low as $7 per month in some states like Washington. It provides strong coverage tailored to its membership base.
View Deal →Military families and veterans will find USAA’s renters insurance both affordable and reliable, especially with its standout low rates in select states. It combines solid coverage with competitive pricing for eligible members.
Pros:
- Exclusive to military members, veterans, and eligible families
- Very low rates in some states, such as $7/month in Washington
- Strong coverage tailored to the needs of its members
Cons:
- Coverage limited to those eligible for membership
- Availability and pricing vary by state
- Not accessible to the general public
Final Words
To secure the best renters insurance deal this January, take time to compare options from trusted providers like Lemonade, Amica, and USAA to find coverage that fits your budget and needs. You can explore current offers and discounts to ensure you get reliable protection at the lowest possible cost.
Frequently Asked Questions
Lemonade offers app-based renters insurance with prices starting as low as $5 per month, which is significantly lower than many competitors. Its nationwide average price is around $16 monthly, making it one of the most affordable options available across many U.S. states.
Lemonade renters insurance is available in many U.S. states but not nationwide in every state. Availability varies, so it's best to check directly with Lemonade to confirm if they offer coverage in your state.
Lemonade delivers renters insurance through a user-friendly app, allowing customers to manage their policies digitally. This streamlined approach helps keep costs low and service efficient for policyholders.
Other affordable renters insurance options average between $9 and $17 per month depending on the insurer, with companies like Amica averaging about $9, Erie Insurance around $14, and Travelers approximately $17 monthly for standard coverage.
Yes, military members, veterans, and eligible families can access USAA renters insurance, which is noted as the cheapest in certain states like Washington, with rates around $7 per month. This makes USAA an excellent choice for those who qualify.
When comparing renters insurance, consider coverage limits, monthly premiums, insurer availability in your state, and service delivery methods like app-based or traditional providers. Also, check for any additional benefits or discounts that may apply.
