7 Best Landlord Insurance Companies in 2025 for Rental Property Owners

Why the Right Landlord Insurance Changes Everything

Operating rental properties exposes you to risks: tenant damage, liability claims, weather events, and legal fees. A misstep in coverage can cost thousands.

This guide distills the best landlord insurance companies of 2025 into an actionable shortlist. We tackle key challenges like liability limits, loss-of-rent coverage, and specialized add-ons so you spend less time comparing and more time managing.

Here’s what you’ll learn:

• Coverage options for single-family homes, condos, and multifamily units

• Real-time pricing insights based on live quotes

• Strengths and weaknesses summarized for easy comparison

• Best-use scenarios by property type and investor profile

• Claims experience data and customer satisfaction scores

• Practical examples, setup checklists, and FAQs tailored for landlords

Each profile includes:

• Screenshots showing key policy features

• Direct links to quote pages and signup portals

• Side-by-side feature comparison tables

• Quick pros and cons list for fast decision-making

Ready to compare the best landlord insurance companies below? We cover seven top providers:

1. Steadily

2. State Farm

3. Farmers Insurance

4. Travelers

5. Obie

6. Policygenius

7. Lemonade

A tailored policy can lower out-of-pocket costs after a claim, boost tenant retention, and reduce liability exposure. These optimizations end up saving thousands over the policy term.

Avoid common pitfalls like underinsuring valuable appliances, skipping loss-of-rent coverage, or neglecting legal expense protection.

This resource is ideal for rental property owners, real estate investors, and homeowners managing tenant screening and property management tasks.

Let’s dive in and secure the right coverage that protects your investment and streamlines landlord operations.

1. Steadily

Steadily is a dedicated, online-first insurance carrier built exclusively for landlords and real estate investors. Its fast digital workflow lets you get a tailored quote and bind a policy in minutes, so you can protect single-family homes, multifamily buildings, condos, manufactured homes, vacant properties, and short-term rentals without the call-and-wait hassle.

Learn more about Steadily on mypropertymanaged.com

Why Steadily Stands Out

• Purpose-built platform: Focused solely on landlord insurance

• Instant quotes: Provides real-time pricing online

• Nationwide reach: Available in all 50 states

Key Features

1. Coverage Options - Liability for tenant injuries - Loss of Rent when a property becomes uninhabitable - Vandalism/Burglary and break-in protection - Storm/Hail and wind damage - Fire and smoke coverage

2. Property Types | Property Type | Eligibility | | ------------------- | ---------------- | | Single-family home | Available | | Multifamily units | Available | | Condominiums | Available | | Manufactured home | Available | | Vacant/restoration | Available | | Short-term rental | Available |

3. Digital Experience - Quote-to-bind in minutes - Policy documents accessible online - In-app policy management and claims tracking

Pricing & Availability

• No flat-rate pricing published online

• Customized quotes based on location, property age, and coverage limits

• Add-on coverages (flood, earthquake) issued as separate policies

• Policies start as low as mid-range market rates for standard single-family risks

Pros & Cons

Pros

• Extremely fast digital binding workflow

• Broad property eligibility

• Designed exclusively for landlords and investors

Cons

• Must request a personalized quote to reveal pricing

• Flood and earthquake coverage require separate policies

Tips for Using Steadily Effectively

• Collect property details (year built, rebuild cost, location) before quoting

• Compare deductibles in the quote tool to optimize premium vs risk

• Use the online dashboard to monitor expiration dates and add endorsements

• Bundle similar properties into one account for streamlined management

With its landlord-only focus, instant online quotes, and broad coverage options, Steadily delivers a frictionless experience ideal for busy investors. Its digital-first model ensures you spend less time on paperwork and more time on growing your portfolio.

2. State Farm

State Farm is a large national carrier offering Rental Property Insurance with dedicated rental dwelling and rental condo policies. Its extensive local agent network lets landlords access personalized guidance when tailoring coverage for single-family homes, multifamily units, and condominium rentals.

Learn more about State Farm on mypropertymanaged.com: Learn more about State Farm on mypropertymanaged.com

Why State Farm Stands Out

• Strong financial stability from a carrier rated A by independent agencies

• 19,000+ local agents offering in-person consultations and policy reviews

• Broad U S availability for landlords in urban and rural markets

Key Features

1. Coverage Options - Rental Dwelling covers structural damage for houses and outbuildings - Rental Condo protects walls and fixtures in condominium units - Liability for tenant injuries and legal defense costs - Loss of Rent reimburses lost rental income after covered perils

2. Agent Network | Feature | Details | | --------------------- | ------------------------ | | Local Offices | 19,000+ agents nationwide| | Consultation | In-person or phone review| | Custom Quotes | Tailored to state rules |

3. Claims Handling - 24/7 claim reporting by phone or agent portal - Large carrier resources for rapid property inspections - Direct communication with dedicated claim representatives

Pricing & Availability

• No instant online quotes, pricing requires agent consultation

• Policy costs vary by state, property value, and local underwriting guidelines

• Discounts for multi-property portfolios and risk mitigation measures

• Available in all 50 states with state-specific endorsements

Pros & Cons

Pros

• Exceptional brand recognition and financial backing

• Personalized service from a wide agent network

• Flexible policy structures for varied rental types

Cons

• Quotes must be obtained through an agent or phone call

• State-by-state pricing can lead to uneven discount availability

Tips for Using State Farm Effectively

• Gather detailed property information (age, replacement cost, occupancy history) before meeting your agent

• Ask about bundling home, auto, and umbrella policies to maximize discounts

• Schedule annual policy reviews with your agent to adjust coverage limits and deductibles

• Leverage risk management credits by installing security systems or smoke alarms

With its proven stability, agent support, and comprehensive rental dwelling and condo insurance options, State Farm remains a top pick for landlords seeking local expertise and reliable claim service.

3. Farmers Insurance

Farmers Insurance is a national insurer offering landlord and rental property insurance with a broad network of local agents. Their platform combines customizable policies with optional coverages and SmartMove tenant screening integration for a tailored rental protection plan.

Learn more about Farmers Insurance

Why Farmers Insurance Stands Out

• Customizable policies: add loss of rent, personal injury and umbrella options

• Integrated tenant screening: SmartMove by TransUnion built into the process

• Agent network support: local phone quotes and in-person consultations

Key Features

1. Coverage Options - Property Damage from fire, theft, wind and hail - Loss of Rent protection when tenants default or property is uninhabitable - Personal Injury for guest medical expenses - Liability for tenant claims and legal defense

2. Property Types | Property Type | Coverage Available | | ------------------- | ------------------------ | | Single-family home | Yes | | Multifamily unit | Yes | | Condominium | Yes | | Short-term rental | Varies by state | | Vacant property | Available with endorsement|

3. Tenant Screening & Digital Tools - SmartMove integration for credit, criminal and eviction reports - Online portal to track screening status - Automated applicant insights and scoring

4. Agent Support & Customization - Phone and in-person quotes - Personalized policy bundling - Guidance on local regulations and endorsements

Pricing & Availability

• No flat-rate online pricing; agents provide tailored quotes

• Rates vary by state, property type, rebuild cost and claim history

• Optional endorsements for flood, earthquake and umbrella coverage

• Multi-policy discounts when bundling with auto or home insurance

Pros & Cons

Pros

• Practical landlord extras such as loss of rent and tenant screening

• Established national insurer with local agent expertise

• Highly customizable policies and endorsements

Cons

• No instant online binding; quote via agent or phone needed

• Coverage options and pricing vary by region

• Additional coverages require separate endorsements

Tips for Using Farmers Insurance Effectively

• Gather property details (year built, rebuild cost) before reaching out

• Use SmartMove early to speed up tenant selection

• Compare quotes from at least two local agents

• Ask about bundling discounts for multiple rental properties

4. Travelers

Travelers offers landlord insurance designed for 1–4 unit rental properties with robust coverage for structures, liability, medical payments, and loss-of-use or fair rental value. As an established carrier, Travelers combines national brand recognition with agent-assisted support to guide you through selecting the right limits and endorsements.

Learn more about Travelers on their official site: https://www.travelers.com/landlord-insurance

Why Travelers Stands Out

• Comprehensive agent network: Access licensed agents for personalized guidance

• Flexible limits and endorsements: Customize liability, property, and loss-of-use coverages

• Educational resources: In-depth articles and tools explain cost drivers and policy choices

Key Features

1. Coverage Options - Property for structures and other buildings on premises - Landlord Furnishings covers appliances, carpets, and window treatments - Loss of Use/Fair Rental Value reimburses lost rental income during repairs - Medical Payments for guest injuries up to chosen limits

2. Liability & Endorsements - Base limit starts at $100,000, scalable up to $500,000 or more - Water backup, equipment breakdown, and ordinance or law endorsements available - Optional flood and earthquake coverages through affiliates

3. Educational Resources - Interactive guides on underwriting factors and mitigation steps - Online calculators estimating replacement cost and liability needs - Webinars and FAQs tailored to rental property owners

4. Agent-Assisted Experience - Nationwide network of independent and captive agents - Personalized quote delivery via phone or email - Ongoing policy reviews and renewal reminders

Pricing & Availability

• Customized quotes require completing an online form or contacting a local agent

• Premiums vary by state, property age, and coverage limits, typically mid-range market rates

• Available in nearly all 50 states, though specific endorsements differ by agency

• Multi-policy discounts when bundling with auto or umbrella insurance

Pros & Cons

Pros

• Well-documented coverage outlines and online resources

• Strong brand reputation and financial stability

• High degree of customization through endorsements

Cons

• Not fully instant online quoting

• Endorsement availability varies by state and agent

• May require several calls to finalize complex policies

Tips for Using Travelers Effectively

• Gather property details (square footage, year built, appliance list) before calling an agent

• Compare liability limits to local market norms and investor risk profile

• Review loss-of-use triggers to ensure rental income protection aligns with your cash flow needs

• Leverage Travelers’ online calculators to validate coverage selections

• Schedule annual policy reviews with your agent to adjust limits as your portfolio grows

Travelers earns its place among the best landlord insurance companies by pairing comprehensive coverage options with expert agent support and educational tools, making it ideal for landlords seeking clarity and control over their policy choices.

5. Obie

Obie is a digital marketplace and agency for landlord insurance offering instant, bindable quotes and policies tailored to single-family homes, multifamily buildings, and large portfolios. It streamlines coverage comparisons across multiple carriers so you can secure protection quickly, manage renewals online, and scale your holdings without transaction delays.

Learn more about Obie on obieinsurance.com

Why Obie Stands Out

• Investor-first marketplace: engineered for landlords from single units to 50+ property portfolios

• Instant, bindable quotes: compare multiple carrier rates online in minutes

• Scalable workflow: centralize policies, endorsements, and renewals in one dashboard

• Expert support team: phone and email assistance for complex risks

Key Features

1. Coverage Options - Liability for tenant injury and legal defense - Loss of Rent reimbursements when tenants can’t occupy - Property Damage for fire, wind, hail, vandalism - Optional Add-ons like flood, earthquake, equipment breakdown

2. Property Types | Property Type | Availability | | ------------------- | ---------------- | | Single-family home | Yes | | Multifamily builds | Yes | | Condominiums | Varies by state | | Short-term rental | Varies by carrier| | Portfolios (5+) | Yes |

3. Digital Experience - Instant side-by-side quotes from multiple carriers - Bind policies online with e-signature - Automated renewal notices and endorsement requests - Policy dashboard to monitor expiration dates - Dedicated support via phone and email

Pricing & Availability

• No published flat rates, quotes tailor to property age, location, and risk profile

• Access to multiple carriers allows in-session rate shopping

• Available in most states, subject to carrier licensing

• Minimum premiums may apply based on risk tier

• Add-on coverages like flood and earthquake often issued as separate policies

Pros & Cons

Pros

• Rapid, bindable online quotes across carriers

• Ideal for scaling landlords and property managers

• Centralized portfolio management

• No call-and-wait hassle

Cons

• Functions as an agency, not a direct carrier

• Coverage options vary by state and risk profile

• Not a household name, which may concern some investors

Tips for Using Obie Effectively

• Gather detailed property data (year built, rebuild cost, occupancy) before quoting

• Compare deductibles and coverage limits across carrier quotes

• Use the portfolio dashboard to spot coverage gaps or overlaps

• Set up renewal reminders to prevent policy lapses

• Engage the support team early for complex or high-value risks

With its robust marketplace model, instant binding workflow, and investor focus, Obie earns its spot among the best landlord insurance companies.

6. Policygenius

Policygenius is an online licensed broker and comparison platform that helps landlords compare home and landlord insurance policies from multiple carriers. Its user-friendly interface and in-depth educational resources guide rental property owners through coverage options, exclusions, and add-ons without the guesswork.

Learn more about Policygenius on mypropertymanaged.com:Learn more about Policygenius on mypropertymanaged.com

Why Policygenius Stands Out

• Side-by-side carrier comparisons: Instantly view quotes from top insurers in one dashboard

• Educational guides: Step-by-step articles and FAQs on landlord coverage, deductibles, and exclusions

• Licensed expert assistance: Chat or call with a licensed broker for personalized advice

Key Features

1. Comparison Tools - Multi-carrier quotes displayed in a unified table - Filter options for premium, deductible, and add-on features

2. Educational Content - Detailed guides on liability, loss of rent, and property damage coverage - FAQ library covering common landlord insurance questions

3. Expert Assistance - Phone and chat support with licensed insurance professionals - Policy recommendations based on your property profile

4. Cost Insights - Average premium data by state and property type - Sample cost breakdowns for single-family and multifamily units

5. Digital Policy Management - Online binding and e-delivery of policy documents - Dashboard access for renewal reminders and claims tracking

Pricing & Availability

• Free to use: no fees for quotes or site access

• Nationwide reach: available in all 50 states

• Instant premium estimates based on your inputs

• Final policies issued by partner insurers

• Coverage options and pricing vary by property age, location, and limits

Pros & Cons

Pros

• Comprehensive comparison across leading insurers

• In-depth educational content tailored to landlords

• Licensed brokers available for personalized guidance

• Transparent state-level premium benchmarks

Cons

• Not a direct carrier—policy issued by third parties

• Estimated premiums may differ from final insurer quotes

• Some add-ons require direct carrier contact

Tips for Using Policygenius Effectively

• Gather property details (year built, square footage, rental income) before you start

• Use filters to prioritize essential coverages over lowest price alone

• Consult a licensed expert via chat for complex portfolio needs

• Review guides on flood, earthquake, and liability add-ons to avoid gaps

• Compare sample cost figures with local market rates for realistic budgeting

7. Lemonade

Lemonade is an app-driven insurer offering landlord insurance in select states with transparent starting prices and a modern digital user experience. Best for condo and apartment landlords in supported regions, Lemonade lets you get a fast online quote, manage your policy in-app, and review clear coverage explanations without long wait times.

Learn more about Lemonade on its official site

Why Lemonade Stands Out

• App-first approach: Obtain a landlord policy start to finish on mobile

• Transparent pricing: Examples start around $25/month in eligible markets

• Clear disclosures: Coverage details and exclusions laid out simply

Key Features

1. Coverage Options - Property Damage for fire, theft, vandalism - Liability protection if tenants or visitors are hurt - Loss of Rent reimbursement when a unit becomes uninhabitable

2. Property Types | Property Type | Availability | | ------------------ | ------------------------ | | Condo / Co-op | Supported | | Apartment | Supported | | Single-family home | Limited or not supported | | Multifamily units | Limited or not supported |

3. Optional Endorsements - Water backup and sump overflow - Equipment breakdown coverage - Additional liability for short-term rentals

4. Digital Experience - Instant quotes via app or web portal - In-app policy documents and ID cards - Fast digital claims reporting and tracking

Pricing & Availability

• Starting prices shown up front (around $25/month)

• Live in 12 states including New York, California, Texas, Florida

• Quotes reflect property age, zip code, and coverage limits

• Endorsements priced separately and added at checkout

Pros & Cons

Pros

• Exceptionally modern app interface

• Transparent starting cost examples

• Quick binding and certificate delivery

• Educational FAQ and chatbot support

Cons

• Only available in select states

• Best suited to condos and smaller units

• Not ideal for large portfolios or mixed property types

Tips for Using Lemonade Effectively

• Verify state availability before starting a quote

• Prepare basic property details: year built, construction type, square footage

• Compare deductible options to balance premium savings versus out-of-pocket risk

• Use in-app chat to clarify exclusions like tenant belongings

• Add endorsements during quote flow if you need water backup or equipment cover

With its mobile-first design, clear pricing guidance, and straightforward coverage, Lemonade makes landlord insurance fast and transparent for condo and apartment landlords in supported states. Its digital tools help busy investors bind policies and manage renewals on the go.

Top 7 Landlord Insurance Providers Comparison

Next Steps: Lock In Your Ideal Landlord Policy

As you wrap up this deep dive into the best landlord insurance companies, remember that the right policy is the cornerstone of a secure rental business. From Steadily’s remote-owner focus to Lemonade’s tech-driven quotes, each provider offers unique strengths. Use these final pointers to translate insights into action and confidently protect your rental assets.

Key Takeaways

• Coverage Priorities • Property damage, liability, loss of rent and legal expenses should form your core package • Add endorsements for equipment breakdown or flood if your location demands it

• Pricing and Quote Comparison • Location, property age and claim history drive costs • Leverage Policygenius or Obie for side-by-side quotes in under 10 minutes

• Service Models • Agent-based carriers (State Farm, Farmers, Travelers) excel at tailored advice • Digital-first insurers (Lemonade, Obie) streamline underwriting and claims

• Best-Use Scenarios • Steadily for out-of-state or portfolio landlords needing full digital management • Farmers for multiunit complexes seeking robust umbrella coverage

Actionable Next Steps

1. Define Your Risk Profile - List your property types, tenant demographics and local hazards - Rank coverage elements by importance (e.g., theft protection vs. building code upgrades)

2. Gather and Compare Quotes - Use our comparison checklist to request quotes from all seven top carriers - Note premiums, deductibles and endorsement costs side by side

3. Consult with Agents or Brokers - Book virtual or in-person meetings with State Farm or Farmers agents for personalized insights - Explore digital demos via Obie or Lemonade to test mobile claims workflows

4. Review Policy Details - Scrutinize exclusions and claim caps in fine print - Confirm replacement cost vs. actual cash value options for critical assets

5. Finalize and Document - Lock in the policy that balances cost, coverage and service speed - Store your declarations page and agent contacts in a shared digital folder

Choosing the Right Provider

When selecting among the best landlord insurance companies, weigh these factors:

• Property Portfolio Size Larger portfolios benefit from Farmers or Travelers volume discounts

• Tech Comfort Level Digital-savvy owners can save time with Lemonade’s chatbot underwriting

• Local Presence State Farm’s extensive agent network helps with state-specific regulations

• Claim Response Time Obie and Steadily users report faster digital claim settlements

Final Thought

Securing the right landlord policy transforms uncertainty into confidence. By following this roadmap, you’ll lock in protection that matches your investment goals, shielding both your property and your bottom line. Your rental business deserves a policy as reliable as your commitment to tenants.

Ready to streamline your insurance selection and property management? Connect with Keshman Property Management to get expert support in choosing and managing the ideal landlord policy for your investments. Visit Keshman Property Management to learn how our team seamlessly integrates insurance guidance with premier property management services.