When searching for State Farm rental insurance, it’s important to clarify exactly what you mean. The term can refer to three different types of coverage: renters insurance for tenants, rental property insurance for landlords, and rental car insurance for when you rent a vehicle. Each serves a different purpose, offers unique protections, and comes with its own costs and considerations.
This guide covers all three, explaining pricing, coverage, pros and cons, and how to get a quote. Whether you’re a tenant looking to protect your personal belongings, a landlord safeguarding your investment property, or a driver renting a car, this article will help you understand your options.
Why choose State Farm? With over 100 years of experience, more than 19,000 agents nationwide, and consistent market leadership, State Farm is a trusted name in insurance. Their extensive coverage options, competitive pricing, and bundle discounts make them a top choice for millions of Americans.
State Farm Renters Insurance (For Tenants)
What Is Renters Insurance?
Renters insurance protects tenants’ personal property from fire, theft, vandalism, and other covered risks. While landlords’ insurance covers the building itself, it doesn’t protect your belongings. Renters insurance also provides liability coverage, covering accidents that occur in your rental, and is often required by landlords.
Cost of State Farm Renters Insurance
| Coverage Level / Factor | Estimated Cost |
|---|---|
| Average Monthly Premium | $10–18 |
| Average Annual Cost | $115–216 |
| $20,000 Personal Property Coverage | ~$101 per year |
| $30,000 Personal Property Coverage | ~$12–18 per month |
| $50,000 Personal Property Coverage | ~$149 per year |
| $100,000 Personal Property Coverage | ~$220 per year |
| State Pricing Differences | California is typically higher; Colorado is typically lower |
| Other Cost Factors | Coverage limits, deductible, credit score, and claims history |
Coverage Options
Standard Coverage usually includes:
| Coverage Type | What It Includes |
|---|---|
| Personal Property Protection | Covers fire, smoke, theft, vandalism, and wind damage. Applies to furniture, electronics, clothing, and valuables (subject to limits). |
| Liability Coverage | Typically $100,000 for injuries to others, damage to others’ property, legal defense costs, and medical payments of $1,000–$5,000. |
| Loss of Use | Pays for hotel stays and additional living expenses if your rental becomes uninhabitable due to a covered loss. |
| Replacement Cost Coverage | Reimburses the cost to replace damaged or stolen items at current prices, not depreciated value. |
| Inflation Protection | Automatically increases coverage limits over time to keep pace with inflation. |
Optional Add-Ons
Optional Add-Ons include earthquake coverage, identity theft protection, personal injury endorsement, additional coverage for jewelry or firearms, waterbed liability, and business property coverage.
Exclusions
Flood damage, intentional damage, normal wear and tear, pet damage, and some water damage require separate policies.
Discounts
State Farm offers several ways to lower your premium, with the biggest savings often coming from bundling renters insurance with auto insurance, which can save up to $834 per year. Additional discounts may apply if your home has safety features such as fire alarms, burglar alarms, or smoke detectors. You can also qualify for multi-policy discounts by combining renters insurance with other State Farm coverage, though availability and savings vary by state.
Pros & Cons
| Category | Details |
|---|---|
| Pros | Affordable premiums are often below the national average, especially when bundling policies. Strong nationwide agent network offering personalized, local support. Quick and user-friendly online quote process. High liability limits for stronger lawsuit protection. The mobile app allows easy claims filing, tracking, and document uploads. |
| Cons | Limited coverage compared to some competitors—flood and earthquake insurance require separate policies. Fewer discount options may reduce savings potential. The recent financial strength downgrade may concern cautious buyers. Customer complaint ratios are slightly higher than some competitors, and service quality can vary by agent and location. |
State Farm Rental Property Insurance (For Landlords)
What Is Rental Property Insurance?
Unlike homeowners’ insurance, rental property insurance protects properties you rent to others. It covers damages you’re liable for, including repairs, theft, and tenant injuries.
Coverage Details
Dwelling Coverage
Repairs and reconstruction for the rental and other structures, like garages or sheds. Covers fire, windstorms, hail, theft, and vandalism.
Personal Property Coverage
Includes furniture, appliances, lawn equipment, and tools provided for tenants or maintenance.
Loss of Rents Coverage
Reimburses lost rental income if the property becomes uninhabitable due to covered losses.
Liability Coverage
Protects against lawsuits for tenant injuries or property damage.
Exclusions
Tenant’s personal belongings, intentional tenant damage, normal wear and tear, continuous water seepage, and flood (requires separate policy).
Condo Unitowners
Covers unit features, appliances, fixtures, loss of rents, liability, and HOA assessment coverage.
Discounts & Cost Considerations
Discounts include fire/smoke alarms, burglar alarms, wildfire mitigation, and multi-property discounts. Costs vary by property location, value, coverage limits, deductible, and number of units. Contact a State Farm agent for a quote.
State Farm Rental Car Insurance
What Is Rental Car Insurance?
This coverage protects you while driving a rental vehicle. If your personal auto insurance already covers rentals, additional coverage may be unnecessary. Some credit cards also offer secondary coverage.
When You Need It
When You Need It you should consider purchasing rental coverage if you do not have comprehensive or collision coverage on your personal auto policy, if your existing policy carries high deductibles that could result in significant out-of-pocket costs, if your credit card’s rental coverage is limited or excludes certain damages, or if you are renting a vehicle in another state where insurance requirements and liability limits may differ from your home state.
State Farm Rental Reimbursement Coverage
State Farm Rental Reimbursement Coverage provides payment for rental car expenses while your personal vehicle is being repaired after a covered claim. It is offered as an optional add-on to your auto insurance policy, and coverage is subject to daily dollar limits and maximum time durations, which can vary based on the policy options you select.
Rental Counter Options:
Loss Damage Waiver (LDW) and Personal Accident Insurance; often redundant if you have health insurance or adequate auto coverage.
How to Get State Farm Rental Insurance
Getting a Quote
Renters Insurance:
Online quote in under 10 minutes using rental address, coverage limits, and deductible preference.
Rental Property Insurance:
Contact an agent, provide property details and value, number of units, and rental status. May require inspection.
Starting Policy:
Specify effective date; same-day coverage may be available. Agents review options and bundle opportunities.
Finding a Local Agent
Use the State Farm agent locator for personalized service, claims assistance, and one-on-one consultations.
State Farm Rental Insurance vs. Competitors
| Provider | Key Advantages | Limitations / Notes | Comparison to State Farm |
|---|---|---|---|
| State Farm | Affordable pricing, 19,000+ agents, bundle discounts, easy online/app experience | No flood/earthquake coverage by default | Broad accessibility, strong agent network, and below-average pricing |
| USAA | Includes flood & earthquake coverage | Only available to military members & families | More comprehensive disaster coverage, limited access |
| Allstate | Customizable coverage options | Slightly higher premiums | State Farm is usually cheaper, with fewer options per policy |
| Lemonade | Fast, tech-driven claims, potentially lower rates | Smaller agent network, less personalized support | Speed advantage, less agent access |
| Progressive | Competitive pricing, strong online experience | Similar coverage to State Farm | Comparable affordability, online tools stronger |
| Nationwide | Niche discounts in certain states | Similar affordability and coverage | Comparable pricing, limited unique advantages |
| Amica | Very high customer satisfaction ratings | Premium pricing | Competitor excels in satisfaction, with less accessible pricing |
| Erie | Sometimes, lower average rates in specific markets | Limited nationwide presence | May beat State Farm on rate in certain states |
Filing a Claim with State Farm
How to File:
You can file a claim online via the State Farm website, through the mobile app (iOS or Android), by calling your agent or the claims department, or in person at a local State Farm office.
Process:
Report the incident with photos and detailed information, then provide receipts, home inventory, and repair estimates. A claims adjuster investigates the situation, and a settlement is issued minus the deductible. You can track your claim online, through the mobile app, or by calling your State Farm agent.
Final Thoughts
State Farm rental insurance covers three distinct needs: renters insurance for tenants, rental property insurance for landlords, and rental car coverage for drivers.
Strengths include affordability, agent availability, bundle discounts, and long-standing market presence. Renters benefit from below-average rates and digital claim tools, while landlords gain comprehensive property protection. For rental cars, verify your personal policy before buying extra coverage.
FAQs
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How long can a car sit without the oil separating?
Safe for 6–12 months; synthetic oil and climate-controlled storage extend durability.
2. Can I leave conventional oil in a stored car for over a year?
Not recommended; additive settling and oxidation degrade protection.
3. Does synthetic oil resist separation better than conventional?
Yes, synthetic oil has more stable additives and resists sludge formation.
4. Should I start my car regularly in storage?
Yes, 20–30 minutes every 2–4 weeks maintains an additive distribution and prevents moisture.
5. How can I tell if oil has degraded in a stored car?
Check color, texture, smell, dipstick readings, and signs of sludge or contamination.
