Top 10 International Student Renters Insurance Companies

Renters Insurance is a type of property insurance that provides financial protection against any damage, loss, or destruction to your belongings in your rental home or apartment. If you’ve rented a house or apartment to live in, you must have a renters insurance policy to protect your belongings from any damage or loss as a result of burglaries, fires, tornadoes, or any other covered incident. Renters Insurance also provides you the liability coverage if someone gets injured within the boundary of your rental home or apartment.

Renters Insurance is important for everyone who lives in a rental home, especially international students. If you’re an international student and live in a rental home or apartment, you must get a renters insurance policy as soon as possible. However, the problem is how can you find the best renters insurance policy for you? Well, there are many companies that are providing renters insurance for students but choosing the best one among them is a daunting task. Luckily, we’re here for your help. We’ve researched the top 10 insurance companies that are providing the best renters insurance for students. So, let’s get started.

Top 10 Renters Insurance Companies for International Students

1. ERIE Insurance

A.M. Best Rating: A+

NAIC Complaint Ratio: 1.11

ERIE Insurance is worth considering if you’re looking for the cheapest renters insurance for students. It offers a comprehensive renters insurance policy for international students with a lot of saving options, including:

  • Bundled Policy
  • Multiple Policy Options
  • Advanced Quote
  • Age-based Discounts

ERIE offers a base policy by the name of the ErieSecure Tenant, which offers worldwide personal property coverage. It also provides liability protection against cyberbullying and discrimination. Besides the standard medical payments and living expenses coverages, it’s additional coverage.

You can extend the ERIE’s base policy by selecting different bundles, including:

  • Advantage: this provides you the option to include identity theft coverage in your base policy.
  • Plus: it is for increasing the coverage limits. It waives your deductibles if your loss exceeds $50000. Plus bundle allows you to add several other coverages, including pets and business personal property.


  • Various discounts on buying renters bundles
  • Customizable base policy
  • Replacement Cost Coverage
  • Extendable Personal liability coverage
  • Identity theft coverage is included in the basic policy
  • 24/7 Customer Support


  • Policy rates may vary from state to state.

2. Lemonade

A.M. Best Rating: N/A

NAIC Complaint Ratio: 1.85

Lemonade is working as an online insurance company that offers cheap renters insurance for students at minimum starting premiums. It has a unique business model under which it takes a fixed percentage of the premiums paid by renters insurance policyholders to meet its operational costs. The remaining funds are used to pay out covered claims. The funds left over from these two uses are donated to policyholders’ chosen charity.

Lemonade is a perfect choice for international students looking for basic renters insurance policies at lower rates. It offers a standard renters insurance policy including all basic coverages such as property coverage, personal liability, and protection against theft.

Lemonade’s standard policy is highly customizable according to your requirements. It allows you to customize your deductibles, maximize savings, and add extract coverage for your high-value items. If you want to install protective devices against fire or burglary, you can get a policy discount from Lemonade.


  • Secures a B-Corp Certification regarding Social and Environmental Responsibility.
  • Ideal for Students due to Lower Rates
  • User-Friendly Mobile App with the Video Recording Option to file a claim
  • Fast Claim Processing


  • Replacement Cost Options are not available
  • Not available in 22 States

3. Nationwide

A.M. Best Rating: A+

NAIC Complaint Ratio: 1.48

Nationwide is popular for its affordable renter’s insurance policy that provides comprehensive coverage. It not only offers financial protection for buildings of the rental house or apartments but also for the building additions, including improvements and installations. Nationwide provides credit card protection against unauthorized transactions depending on the selected coverage amount.

Nationwide’s renter’s insurance policy is highly customizable because of the availability of a wide range of optional add-ons, including:

  • Brand New Belongings Coverage
  • Better Roof Replacement
  • Valuable Plus
  • Theft Extension
  • Water Backup coverage
  • Earthquake Coverage.


  • Rate Discounts on bundling auto, home, and life insurance policies
  • Claims can be filed online through the smartphone
  • ALE (Additional Living Expenses) coverage for up to 2 years.


  • Not available in Alaska, Hawaii, Oklahoma, Louisiana, and Massachusetts.

4. Amica Mutual

A.M. Best Rating: A+

NAIC Complaint Ratio: 1.96

Amica Mutual is one of the top renter’s insurance providers offers the lowest renters insurance cost for students. Its standard renter’s insurance policy is among the most affordable renters insurance policies throughout the country. You can get multiple discounts offering by getting a renter’s insurance plans and policy from Amica Mutual. With the lowest complaint ratio, Amica Mutual ensures live 24/7 claims processing for its clients.

The basic coverages included in the standard renter’s insurance policy of Amica Mutual are:

  • Personal Property Coverage
  • Liability Coverage
  • Loss of use coverage

The add-ons that can be coupled with the standard renter’s insurance policy include:

  • Smart Device Coverage
  • Identity fraud coverage
  • Computers coverage
  • Personal Property Replacement-cost coverage

Amica Mutual offers a package specially designed for new renters like students by the name of Renters Essentials®. This package includes:

  • Identity theft coverage
  • Liability coverage
  • Coverage for home appliances such as T.V., Computer, Jewelry, Smartphones.

Through Renters Essentials®, you can earn credits of $100 per year for up to 5 years.


  • Lowest Premiums (Starting from $4 a week)
  • Discount up to 15% on bundling insurance policies
  • Loyalty policy discount
  • Premium discount in case you don’t file a single claim for three years in a row.


  • Discounts are available in only some specific states
  • Not available in 2 states.
  • NAIC Complaint Ratio is high

5. Allstate

A.M. Best Rating: A+

NAIC Complaint Ratio: 2.70

Allstate is the fourth-largest shareholder in the Insurance Market of the USA. Although it’s popular for its auto insurance products, it also offers trustworthy renters insurance coverage for:

  • Personal Property
  • Liability
  • Medical Bills & Expenses
  • Loss of use

Allstate’s renter’s insurance policy is one of the easiest insurance policies to apply for. You can get quotes online with special renter’s insurance plans for students. All of Allstate’s renter’s insurance plans are customizable to increase coverage level, adjust the insurer payout limit and decrease the deductibles. Allstate also offers the Digital Locker facility feature to speed up the claim-processing process.


  • Policy Discounts for International students
  • Lowest Rates (Premiums start at $4 a week)
  • Optional Add-on of identity theft restoration


  • Requires Academic information
  • Policy details are not available online

6. State Farm

A.M. Best Rating: A+

NAIC Complaint Ratio: 1.93

State Farm is the nation’s largest shareholder in the USA’s auto and homeowners insurance industry. It is one of the well-known insurers that are financially stable and trustworthy. Therefore, it provides the best renters insurance policy for students who are looking for a dependable renters insurer.

State Farm’s standard renter’s insurance policy includes all basic coverage options, including liability, property damage, and medical expenses. If you’re an international student and worried about the ever-increasing living costs, you have an option to add inflation protection to your renter’s insurance policy.

State Farm offers a renters insurance quote checklist that helps new customers to receive a quote according to their requirements. It also provides a contents calculator which can help you assess your living arrangements and personal belongings.

The optional add-ons State Farm offers include:

  • Additional Liability Protection Coverage
  • Identity Theft Restoration
  • Earthquake Damage coverage


  • Premium discounts on bundling the insurance policies
  • Discounts if you’ve installed security devices in your rental house.
  • Pet Medical coverage
  • Inflation Coverage
  • Multiple Add-ons


  • Discounts are not available in all states

7. MetLife

A.M. Best Rating: A+

NAIC Complaint Ratio: 1.89

MetLife is a nationwide insurance company that offers renters insurance policies for international students. Its basic policy includes coverage for repair or replacement property depending on the actual cash value in the market. However, the basic renter’s insurance policy is customizable through a variety of add-ons, including coverage for special and valuable items like:

  • Electronics
  • Musical Instruments
  • Luxury Items
  • Sports equipment

All these items should be less than $15000 if you want them to cover. Unlike other renters insurance providers, MetLife provides its services in all 50 states of the USA. The standard renter’s insurance policy of MetLife starts from $25000 and goes up to $500000 in liability coverage.


  • Identity Protection Service
  • Steadfast Customer Support with 24/7 Availability
  • Flexible Payment Plans


  • Not offers loss of use coverage.

8. American Family Insurance

A.M. Best Rating: A+

NAIC Complaint Ratio: 1.98

American Family Insurance is one of the insurance companies that provide the cheapest renters insurance for students. The basic renter’s insurance policy is available at an affordable price which includes:

  • Personal Property
  • Medical Bills
  • Liability
  • Replacement costs for stolen items
  • Expenses of a hotel stay if you’re unable to live in your rental home or apartment because of a covered event.

American Family Insurance also offers a variety of add-ons such as medical coverage for pets and identity theft protection. If you’re a student, you can get discounts on the standard renter’s insurance policy proved by American Family Insurance in several ways. For example, you can multipolicy discounts, autopay discounts, and smart home discounts.


  • Online Quotes
  • A wide range of discount options
  • High A.M. Best Rating
  • Multiple Add-ons


  • High NAIC Complain Ratio
  • Lower J.D. Power Rating

9. Farmers

A.M. Best Rating: A++

NAIC Complaint Ratio: N/A

According to J.D. Power, Farmers Insurance secures a good record of claim satisfaction. It offers standard renters insurance policy with multiple discount options. For example, you can get a discount on your insurance policy if you’ve installed a home security system and devices in your rental home or apartment. If you’re a non-smoker, you’re eligible for the non-smokers discount under your renter’s insurance policy.

The basic renter’s insurance policy of Farmers include:

  • Personal liability
  • Personal property coverage
  • Replacement costs for property
  • Medical Expenses
  • Identity theft coverage
  • Living expenses in case you’re unable to stay in your rental home.


  • Online Quotes
  • Online Claim Processing for a covered loss
  • Excellent AM Best Rating
  • Significant Financial Strength
  • High Operating Ability
  • 24/7 Customer Support


  • Discount options are not available in all states

10. Liberty Mutual

A.M. Best Rating: A+

NAIC Complaint Ratio: N/A

Liberty Mutual is known for its simple claim filing process and excellent customer satisfaction. It offers cheap renters insurance policy for students in all states. You can file a claim of covered incidents through a user-friendly portal of Liberty Mutual, which works 24/7. Liberty Mutual not only offers affordable rates but a variety of discount options as well.

The standard renter’s insurance policy of Liberty Mutual includes:

  • Liability Coverage
  • Personal Property
  • Medical Payments
  • Living Expenses

You can also get add-on coverage for your valuable items such as jewelry, expensive clothes, and home appliances.


  • Available in all 50 states of the USA
  • Online Quotes
  • Claims can be filed 24/7
  • Fast Claim Processing
  • Affordable rates (Premiums starts at $5 per month)


  • Discounts are not available in all states.


Although all the insurance companies we have reviewed offer excellent and affordable renters insurance policies for international students, Nationwide is the best of the best. With High AM Best Rating and Lowest NAIC Complaint Ratio, it offers the cheapest renters insurance for students in almost all states of the USA.

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