Protect your rental property investment with the right landlord insurance. Compare top providers on coverage, price, and claims service.
Get Landlord Quote →Landlord insurance (also called rental property insurance or dwelling fire insurance) covers residential properties you rent out to tenants. Your regular homeowners insurance does NOT cover rental activities — if a tenant is injured and sues, or a vacant property is vandalized, your homeowners policy can deny the claim. Landlord insurance fills this critical gap.
Typical annual premiums run $800–$2,100 depending on the insurer, property type, and coverage limits selected — generally 15%–25% more than a comparable homeowners policy, reflecting the added liability and rental-income protection built in. If you have a mortgage on the property, your lender likely requires landlord insurance specifically rather than a standard homeowners policy.
| Company | Avg Annual Premium | Vacancy Coverage | Rating |
|---|---|---|---|
| State Farm | $1,200–$2,000 | Yes | ⭐ 4.7/5 |
| Allstate | $1,100–$1,900 | Yes | ⭐ 4.5/5 |
| Farmers | $1,300–$2,100 | Yes | ⭐ 4.6/5 |
| American Family | $1,150–$1,950 | Yes | ⭐ 4.6/5 |
| Steadily (specialist) | $800–$1,500 | Yes | ⭐ 4.8/5 |
Single-family rentals typically use straightforward residential landlord policies, while properties with 5 or more units generally require commercial coverage due to higher liability exposure from more tenants and shared common areas. Portfolio policies from specialists like Obie can cover multiple properties under one plan, useful for investors managing several rentals rather than juggling separate policies per property.
Everything you need to make a confident decision
Protect your rental property investment with the right landlord insurance. Compare top providers on coverage, price, and claims service.
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