Compare Allstate vs. Farmers Renters Insurance

What’s the difference between Allstate Renters Insurance and Farmers Renters Insurance? See how our editors compare the two companies below.
Last Updated: January 17, 2018
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Allstate Renters Insurance
10.0 / 10 - Excellent
#1 in Renters Insurance
Farmers Renters Insurance
9.7 / 10 - Excellent
#2 in Renters Insurance
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Key Facts

  • Over 84 years of industry experience
  • Protect your belongings in & out of your apartment
  • As low as $4 a month if bundled
  • Covers fire, theft or vandalism
  • Offers guest injury protection
  • Get an online quote or talk to an agent
  • Quick online quotes 
  • Online payment 
  • Mobile app 
  • Multiple discounts
  • Large agent network

OVERALL RATINGS

 AllstateFarmers
Financial Strength10/1010/10
Coverage10/109/10
Pricing & Discounts10/1010/10
Customer Experience10/1010/10

Coverage Compared

 AllstateFarmers
Basic Coverage
Personal Property
Personal Liability
Loss of Use / Additional Living Expenses
Personal Property
Personal Liability
Loss of Use / Additional Living Expenses
Optional Coverage
Scheduled Coverage
Identity Theft Restoration
Identity Theft Restoration
Off-premises Event Coverage
Property Valuation Methods
Replacement Cost
Actual Cash Value
Replacement Cost
Actual Cash Value

Exclusions

Certain types of property, including jewelry, have a maximum for the dollar amount paid out. However, this limit can easily be increased with higher premiums.

Pricing & Discounts

 AllstateFarmers
Annual Premium
Starting at $252
Starting at $150
Deductible Options
$250, $500, $1,000
$100 - $5000
Maximum Liability Coverage
$500,000
Property-Level Discounts
Burglary Protected
Fire Protection
Burglary Protected
Fire Protection
Sprinkler System
Policy Discounts
Multi-Policy
Automatic Payment
Claim-Free
Senior / Retired
Multi-Policy

Customer Experience

Customer Ratings

 AllstateFarmers
TrustPilot Rating
6.1 out of 10
6.1 out of 10
BBB Rating
A-
A+
Number of BBB Positive Reviews
2
3
Number of BBB Neutral Reviews
4
Number of BBB Negative Reviews
150
17

National Association of Insurance Commissioners

 AllstateFarmers
NAICS Complaint Ratio 2016
0.84
0.5
NAICS Total Complaints 2016
175
65
*The NAICS complaint ratio (in this case 0.84) is a ratio of the number of complaints a company received to the its total premiums written in a calendar year. The median complaint ratio across all companies is 1. A score below 1 means the company received fewer than average complaints. A score above 1 means the company received a higher number of complaints than average.
*The NAICS complaint ratio (in this case 0.5) is a ratio of the number of complaints a company received to the its total premiums written in a calendar year. The median complaint ratio across all companies is 1. A score below 1 means the company received fewer than average complaints. A score above 1 means the company received a higher number of complaints than average.

Financial Strength Ratings

 AllstateFarmers
Underwriter
Allstate Insurance Company
Farmers New World Life Insurance Company
Standard & Poor's Financial Rating
AA-
A+
Moody's Financial Rating
Aa3
A2
AM Best Financial Rating
A+
A
Company Type
Underwriter
Underwriter
*The above information reflects the financial strength of the underwriter of the Allstate renters insurance policies: Allstate Insurance Company.
*The above information reflects the financial strength of the underwriter of the Farmers renters insurance policies: Farmers New World Life Insurance Company.

Contact & Additional Information

 AllstateFarmers
Homepage URL
Company Phone
(877) 810-2920
(800) 435-7764
Headquarters Address
2775 Sanders Rd, Northbrook, IL, 60062
4680 Wilshire Blvd, Los Angeles, CA, 90010
Mailing Address
P.O. Box 660598, Dallas, TX, 75266
Year Founded
1931
1928

Final Verdict

Allstate Renters Insurance has a higher overall rating than Farmers Renters Insurance. Allstate scores better than Farmers across: Coverage. Both companies score similarly on Financial Strength, Pricing & Discounts, and Customer Experience.