Compare Allstate vs. State Farm Renters Insurance

What’s the difference between Allstate Renters Insurance and State Farm 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
State Farm
7.5 / 10 - Very good
#8 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
  • Rated Aa1 by Moody's and AA by Standard & Poor's
  • Instant online quote
  • Policies start at $150/year
  • Discount for renters and auto insurance bundles
  • Additional coverages available for waterbeds and identity restoration

OVERALL RATINGS

 AllstateState Farm
Financial Strength10/108/10
Coverage10/107/10
Pricing & Discounts10/108/10
Customer Experience10/107/10

Coverage Compared

 AllstateState Farm
Basic Coverage
Personal Property
Personal Liability
Loss of Use / Additional Living Expenses
Personal Property
Personal Liability
Optional Coverage
Scheduled Coverage
Identity Theft Restoration
Scheduled Coverage
Identity Theft Restoration
Roommate / Additional Insured Individuals
Property Valuation Methods
Replacement Cost
Actual Cash Value
Replacement Cost

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.
State Farm Renters Insurance does not cover: damage caused by floods, earthquakes, or mudslides; bodily injury or property damage intentionally caused by the policyholder; business activities; aircraft, motor vehicles, and some watercraft.

Pricing & Discounts

 AllstateState Farm
Annual Premium
Starting at $252
Starting at $158
Deductible Options
$250, $500, $1,000
$500, $1,000, $2,000, $3,000, $4,000, $5,000
Maximum Liability Coverage
$500,000
$1,000,000
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

 AllstateState Farm
TrustPilot Rating
6.1 out of 10
7.5 out of 10
BBB Rating
A-
NR
Number of BBB Positive Reviews
2
4
Number of BBB Neutral Reviews
4
3
Number of BBB Negative Reviews
150
143

National Association of Insurance Commissioners

 AllstateState Farm
NAICS Complaint Ratio 2016
0.84
0.76
NAICS Total Complaints 2016
175
114
*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 0.76) 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

 AllstateState Farm
Underwriter
Allstate Insurance Company
State Farm
Standard & Poor's Financial Rating
AA-
AA
Moody's Financial Rating
Aa3
Aa1
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 State Farm renters insurance policies: State Farm.

Contact & Additional Information

 AllstateState Farm
Homepage URL
Company Phone
(877) 810-2920
(800) 782-8332
Headquarters Address
2775 Sanders Rd, Northbrook, IL, 60062
One State Farm Plaza, Bloomington, IL, 61710
Mailing Address
P.O. Box 660598, Dallas, TX, 75266
Year Founded
1931
1922

Final Verdict

Allstate Renters Insurance has a higher overall rating than State Farm Renters Insurance. Allstate scores better than State Farm across: Financial Strength, Coverage, Pricing & Discounts, and Customer Experience.