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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: April 05, 2024
Allstate Renters Insurance
4.6 / 5 - Excellent
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Farmers Renters Insurance
4.4 / 5 - Excellent
#4 in Renters Insurance
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Key Facts

  • Offering a full complement of renters insurance coverage
  • Liability, property damage, guest medical and living expenses policies for every budget
  • Buy customized coverage online or through a wide network of agents
  • Get a personalized quote in minutes
  • Optional identity theft protection, personal umbrella policies, and coverage for business property
  • Take the “What’s My Stuff Worth” quiz to see if renters insurance is right for you
  • Quick online quotes with various coverage options
  • Multiple discounts options available 
  • Policies as low as $10 per month
  • Connect with a Farmers agent near you

OVERALL RATINGS

 AllstateFarmers
Coverage Options4.5/54.5/5
Add-Ons & Discounts4.8/54.5/5
Customer Service4.5/54.0/5
Financial Strength4.5/54.5/5

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.

Coverage Fine Print

Business property Sports equipment Green improvement reimbursement Yard and garden Electronic data recovery Musical instruments

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

Discounts Fine Print


Customer Experience

Customer Ratings

 AllstateFarmers
BBB Rating
A-
A+
Number of BBB Positive Reviews
2
Number of BBB Neutral Reviews
4
Number of BBB Negative Reviews
150

National Association of Insurance Commissioners

 AllstateFarmers
NAIC Complaint Ratio
0.81
0.54
NAIC Total Complaints
148
73
*The NAIC complaint ratio (in this case 0.81) 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 NAIC complaint ratio (in this case 0.54) 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 Insurance Exchange
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 Insurance Exchange.

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: Add-Ons & Discounts, and Customer Service. Both companies score similarly on Coverage Options, and Financial Strength.