How much is renters insurance in Fort Worth, TX

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In Fort Worth, TX, the average cost of renters insurance is $223 annually for $40,000 in personal property, $300,000 in liability and a $1,000 deductible. It is $3 less than the state average of $226 per year.

Renters insurance costs may differ depending on the coverage you opt for and the amount of liability coverage included in your policy. If you’re living in a rental property, it’s worth considering this type of insurance to protect your belongings from damages caused by fire, smoke, theft, vandalism and other covered events.

We conducted an in-depth analysis of insurance companies to find the most affordable insurers for renters in Fort Worth. Continue reading to know the cheapest renters insurance companies in Fort Worth.

Key Takeaways

The average cost of renters insurance in Fort Worth is $223 annually or $19 monthly.
The cheapest option for renters in Fort Worth is Progressive, offering coverage at $17 per month.
Renters can reduce their insurance costs by taking advantage of discounts, such as discounts for installing a security system or bundling policies.

What is the average cost of renters insurance per month in Fort Worth?

The average monthly cost of renters insurance in Fort Worth is $19, which is equals to the state average of $19. This rate is for the coverage limit of $40,000 in personal property, $300,000 in liability protection and a $1,000 deductible.

Renters insurance rates vary by city depending on the coverage and the insurance company you choose. For example, renters in Fort Worth pay $13 monthly for $20,000 in personal property coverage with a $1,000 deductible. If you increase your personal property coverage to $40,000, the cost will rise by $6 more.

You’ll need to determine the right amount of coverage based on your needs and budget. However, opting for higher coverage limits is recommended if you own valuable items like jewelry, furniture and electronics.

How much is renters insurance in Fort Worth by deductible?

The renters insurance cost in Fort Worth is $165 per year for a $500 deductible and $20,000 as personal property coverage.

A deductible is an amount you agree to pay before your insurance coverage kicks in. If you increase your deductible limit, your insurance cost will go down. For instance, if the personal property coverage is the same, i.e., $20,000, but you increase your deductible limit from $500 to $1,000, you will pay $12 less every year for insurance.

Below are the renters insurance rates for different personal property coverage and deductible amount.

Deductible	$20,000 personal property	$40,000 personal property	$60,000 personal property
$500	$165	$241	$311
$1,000	$153	$223	$289

Read our guide to know what does renters insurance cover.

Who offers cheap renters insurance in Fort Worth?

Your search for affordable renters insurance ends here.

Progressive has the lowest rates in Fort Worth, with an annual premium of $200 a year or $17 per month. Based on our data, Nationwide and State Farm also offer cheap rates.

After evaluating renters insurance quotes from all the national and regional insurance companies in Fort Worth, the experts at Insure.com put together a list of the most affordable insurance carriers.

Below, you’ll find the average annual and monthly rates for cheap renters insurance companies in Fort Worth, TX.

Renter insurance provider	Average annual rate	Average per month rate
Progressive	$200	$17
Nationwide	$236	$20
State Farm	$239	$20
Allstate	$245	$20
Texas Farm Bureau	$317	$26
Farmers	$473	$39
USAA	$130	$11

Tips for reducing the cost of renters insurance

Below are some tips to help you save on renters insurance in Fort Worth:

Bundle policies: If you have other insurance, such as car insurance, bundling it with the same provider can often earn you a discount. Many insurers in Fort Worth offer savings for bundling policies.

Increase your deductible: Choosing a higher deductible can lower your premium, but ensure you’re prepared to cover the higher out-of-pocket costs if you need to file a claim.

Choose the right coverage amount: Regularly review your renters insurance to avoid paying for more coverage than you need. For example, you might opt for lower personal property coverage if you don’t own high-value items.

Limit small claims: Filing multiple small claims can drive up your rates. If possible, consider paying for minor damages out of pocket to keep your premium low.

Shop around for quotes: Don’t settle for the first offer. Compare renters insurance rates from multiple providers in Fort Worth to find the best coverage at the lowest price.

Final thoughts

Renters in Fort Worth, TX should purchase renters insurance to protect their belongings and financial health. The cost of coverage varies based on your location, coverage limits and individual circumstances. To find the best deal, evaluate your coverage needs, compare quotes from different providers and take advantage of any available discounts.

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for renters insurance rates in Fort Worth for $40,000 personal property coverage, $300,000 liability coverage, and a $1,000 deductible. The data presented are those with a good credit tier alignment.

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Shivani Gite

Contributing Writer

Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions.