Compare Landlord Insurance Rates Instantly
10,000+ landlords saved an average of $437/year. Coverage for all property types.
Get instant landlord insurance quotes. Coverage for single-family, condos, and multi-family. Average savings of $437/year.
Why Landlord Insurance?
Property & Dwelling Protection
Coverage for your building, fixtures, and landlord-owned appliances against covered perils.
Lost Rent Coverage
Get reimbursed for rental income if your property becomes uninhabitable after a covered loss.
Liability Protection Included
Coverage if a tenant or visitor is injured on your property — legal fees included.
Compare Landlord Insurance Rates
Here is how the top providers compare on starting rates:
| Provider | Starting Rate |
|---|---|
| Steadily | $52/mo |
| State Farm | $78/mo |
| Allstate | $85/mo |
Best Landlord Insurance Companies
Steadily — Best Overall
Competitive rates and specializes exclusively in landlord insurance. Online quotes in minutes with coverage for all property types.
State Farm — Best for Bundling
Discounts available when you bundle with auto or other policies. Extensive agent network for in-person support.
Allstate — Best Coverage Options
Comprehensive coverage including identity theft protection and equipment breakdown. Strong financial stability (A+ rated).
Liberty Mutual — Best for Multi-Property
Multi-policy discounts for landlords with multiple rental properties. Flexible payment options and strong claims service.
What Our Customers Say
Greg H. — 3 rental properties, saved $437/year
“Saved over $400 on my rental property coverage. The process took less than 5 minutes. Best landlord insurance experience.”
Diane L. — 5-unit landlord
“Insured all 5 of my rental units through one platform. Multi-property discounts made it even cheaper.”
Frequently Asked Questions
What’s the difference between landlord and homeowners insurance?
Landlord insurance (DP3) is specifically designed for rental properties. It includes coverage for lost rental income and protects against tenant-related risks that homeowners policies don’t cover.
How much does landlord insurance cost?
Landlord insurance typically costs 15-25% more than a standard homeowners policy due to increased rental risks. The national average is around $1,516 per year, or $67-$127 per month depending on location, property type, and coverage level.
Do I need landlord insurance if my tenant has renters insurance?
Yes. Renters insurance only covers your tenant’s personal belongings. As the property owner, you need landlord insurance to protect the building structure, your liability, and lost rental income.
What factors affect landlord insurance rates?
Key factors include property location (high-crime or disaster-prone areas cost more), property type (multi-unit costs more than single-family), property value, tenant type, claims history, and the coverage limits you choose.
Can I get landlord insurance without a property inspection?
Yes. Many insurers rely on publicly available data and your application details to issue a policy. However, high-value properties or high coverage limits may require an inspection.
Does landlord insurance cover tenant damage?
Landlord insurance covers accidental damage from covered perils like fire or water. It typically does not cover intentional tenant damage unless you purchase additional coverage. Security deposits and tenant screening help mitigate this risk.
Is landlord insurance tax deductible?
Yes. Landlord insurance premiums are generally tax-deductible as a business expense for rental property owners. Consult a tax professional for your specific situation.