Find the best renters insurance in Fort Worth to ensure your belongings are protected.
Intro: Much of what makes Texas so proud is Fort Worth, a place so rich in its embrace of American Western tradition that it’s difficult to go even a block without seeing some kind of nod to the “old” Texas. Fort Worth is an economic and academic rock in Texas as well, boasting a handful of major universities and multinational corporations, which, along with the 0% state income tax, make it a popular place for people to live.
It’s a particularly popular renters market, as 43% of occupied housing units in Fort Worth are rented rather than owned.^ And if you’re part of that 43%, you should consider purchasing renters insurance.
Renters insurance ensures that your personal belongings are protected, but it also protects your bank account if someone is injured in your home and sues you or you’re liable for his or her medical expenses. Because renters insurance is so affordable, there are countless reasons you should consider it if you live in Fort Worth, such as its coverage for weather damage and break-ins. Read on to learn more about why renters insurance makes sense for Fort Worth residents.
Best renters insurance in Fort Worth
Insurance Company | Monthly Cost - $500 Deductible | Monthly Cost - $1,000 Deductible |
|---|---|---|
State Farm | $21.58 | $20.33 |
Allstate | $29.00 | $27.00 |
Travelers | $18.00 | $16.00 |
Stillwater | $13.17 | $11.50 |
Lemonade | $13.25 | $11.25 |
Methodology: We pulled renters insurance quotes online from five of the most popular insurance companies: State Farm, Lemonade, Allstate, Travelers and Stillwater. Quotes were for policies with $500 and $1,000 deductibles for a 30-year-old female apartment renter. We deferred to the most comparable coverage amounts when identical policies were unavailable.
Coverage type | State Farm | Allstate | Travelers | Stillwater | Lemonade |
|---|---|---|---|---|---|
Property Coverage | $20,000.00 | $20,000 | $30,000 | $20,000 | $20,000 |
Liability Coverage | $100,000.00 | $100,000 | $100,000 | $100,000 | $100,000 |
Medical payments to others | $1,000.00 | $1,000 | $1,000 | $2,000 | $1,000 |
Understanding renters insurance quotes
Renters insurance is about far more than just protecting your personal property. Here’s a rundown of the components you should look for in a policy when comparing renters insurance rates.
Property coverage: reimbursement for lost, stolen, or damaged property.
Liability coverage: covers legal expenses in the event someone is injured in your residence and they sue you.
Loss of use: covers temporary living expenses if your residence becomes uninhabitable.
Medical payments to others: covers medical costs in the event that someone is injured in your residence and requires medical treatment.
We’ve got a full explainer of what renters insurance covers here.
Is renters insurance legally required in Fort Worth?
While renters insurance isn’t legally required in Fort Worth or the state of Texas, landlords and management companies are granted the power to require renters insurance as a condition for signing the lease. When applying for a residence, always be sure to double-check with the broker or landlord about renters insurance before signing. This practice is completely legal, and Fort Worth landlords could actually be doing renters a favor by including such a clause in the lease.
Renters insurance is pretty cheap in Fort Worth, too. A policy with a $500 deductible has an average cost of just $19 per month, and a $1,000 deductible policy has an average cost of just $17 per month.
Reasons to buy renters insurance in Fort Worth
Renters insurance is among the most affordable insurance types to buy, and considering all of your favorite and important stuff is stored in your residence or storage units, it should be a no-brainer in any city.
In 2016, Fort Worth experienced 20,520 instances of theft, 5,321 instances of burglary, and 142 instances of arson.† And while the per-capita property crime average isn’t remarkably higher than the national average, it still may be a good idea to play it safe and add on renters insurance as a safeguard.
Crime Stats in Fort Worth, 2016
-- | Fort Worth incidents | Fort Worth rate* | Nationwide incidents | Nationwide rate* |
|---|---|---|---|---|
Larceny | 20,520 | 2,402.5 | 5,638,455 | 1,745.0 |
Burglary | 5,321 | 623 | 1,515,096 | 468.9 |
Arson | 142 | 16.6 | 43,119 | 13.3 |
-- | *per 100,000 people |
Weather and natural hazards are another reason to consider renters insurance. Luckily for Fort Worth residents, perils like windstorms, lightning strikes, and leaking from an over-abundance of rainwater are covered by renters insurance.‡ Floods and tornadoes, however, are not covered, and require their own separate insurance coverage.
Helpful resources
Fort Worth residents looking for more information on renters rights and resources should check out the following:
Fort Worth Housing Solutions: Nonprofit dedicated to providing communities with quality and affordable housing.
Housing Assistance Office: Program that helps low-income folks find safe and affordable housing and manage their resources more effectively.
REACH: Provides housing resources, legal aid, and assistance to DFW tenants and prospective tenants.
^ FBI CDE
