Best Home Insurance for Landlords in 2025

The best home insurance for landlords comes from Nationwide, Liberty Mutual, and State Farm. Nationwide earns the top spot for strong coverage options for a low $151 a month.

Monthly premiums for landlord policies start at $148 with Geico, but costs vary based on dwelling value, landlord age, credit score, and landlord insurance provider.

Liberty Mutual stands out for instant quotes and 12% security discounts, while State Farm provides property management support, $1M dwelling coverage, and up to 20% in bundling savings.

Top 10 Companies: Best Home Insurance for Landlords

By comparing quotes across providers, landlords can secure tailored protection for single properties, multi-unit rentals, or larger investment portfolios.

Secure the cheapest home insurance for landlords by entering your ZIP code into our free quote comparison tool.

Getting Affordable Home Insurance Rates for Landlords

Landlord insurance premiums rise steadily as coverage amounts increase. Some insurers keep rate jumps minimal across coverage levels, while others see more noticeable spikes at higher dwelling values.

Nationwide and State Farm offer cheap homeowners insurance for landlords, starting at $151. However, rates can increase by $200 monthly for higher levels of coverage.

Landlord Home Insurance Monthly Rates by Dwelling Coverage

The differences become clearer at $1M in coverage. Geico remains the lowest at $330 per month, while Travelers climbs to $360, showing how provider choice can significantly affect costs for high-value rental properties.

These rate structures also reflect how insurers approach landlord risk, balancing dwelling protection with liability and rental income safeguards.

Premiums for landlord insurance rise with higher dwelling values, and the chart highlights how dwelling fire coverage compares with a full landlord package (Learn More: Understanding the 8 Types of Homeowners Insurance Policies).

Dwelling fire coverage is the cheaper option, focused on structural damage. Landlord packages include rental income protection and liability coverage, making them a more complete solution despite the higher monthly cost.

At lower coverage levels, the price gap between the two policies is small, with only a $5 monthly difference at $200K. However, that difference grows to $25 a month between dwelling fire and landlord packages for $1 million policies.

Although more expensive, landlord insurance packages are recommended, especially for landlords with larger properties. The added security often outweighs the modest price difference for many property owners.

Landlord Age Impact on Home Insurance Rates

Age has a big impact on landlord home insurance costs. Younger landlords pay the most, with monthly rates at age 20 ranging from $171 with Geico to $180 with Travelers.

By age 40, costs drop to their lowest point, with Geico at just $148 per month and most companies charging around $150 to $155. This makes the forties the cheapest time for landlords to get coverage.

Landlord Home Insurance Monthly Rates by Provider & Age

Premiums begin to climb again as landlords reach their 60s and 70s. Insurers raise prices for older landlords because of concerns about income stability and the ability to manage properties long-term.

Knowing how rates change with age can help landlords plan ahead and choose the best homeowners insurance companies to lock in affordable coverage.

Landlord Credit Score Impact on Home Insurance Rates

Your credit score has a direct effect on how much you pay for home insurance for landlords. Excellent credit keeps rates about $148 to $157 per month, while poor credit can push premiums past $200 a month.

Insurers use credit to measure financial reliability, and landlords with lower scores are seen as having a higher risk for missed payments or claims.

Landlord Home Insurance Monthly Rates by Credit Score

Geico charges $148 per month for landlords with excellent credit, but rates rise to $207 a month for bad credit. That jump is bigger with Liberty Mutual, where landlords with bad credit pay nearly $70 more per month for the same coverage.

This means maintaining good credit saves money each month and can cut annual costs by more than $700 compared to having poor credit.

Read More: How to File a Home Insurance Claim After a Wildfire

Location Impact on Home Insurance Costs for Landlords

Areas with high risks of hurricanes, floods, or severe weather drive up landlord costs because rental properties are more likely to face damage and claims.

Meanwhile, states with fewer natural disasters and lower liability risks keep rates lower, giving landlords in those regions cheaper options.

Monthly premiums for $200K in coverage start as low as $144 in states like South Dakota and Iowa and climb above $220 a month in states such as Texas, Florida, and Louisiana.

For property owners managing rentals in high-risk states, these higher costs make it even more important to compare insurers and take advantage of discounts to control expenses.

Learn how to estimate home insurance costs based on where you live for more accurate quotes.

Popular Home Insurance Policy Options for Landlords

Home insurance for landlords is designed specifically for rental properties, offering protection beyond a standard homeowners policy.

Since landlords face risks tied to both the building itself and tenant-related issues, these policies include several important coverages.

• Dwelling Coverage: Protects the rental home itself, paying for repairs or rebuilding if it is damaged by fire, wind, or other covered events.
• Liability Coverage: Covers legal fees and medical expenses if a tenant or visitor is injured on the rental property.
• Loss of Rental Income: Reimburses landlords if the property becomes uninhabitable after a covered claim and tenants cannot pay rent.
• Landlord’s Personal Property: Protects items the landlord owns in the rental, such as appliances, tools, or maintenance equipment.
• Optional Add-Ons: Extra coverage for risks like vandalism, theft, or floods can be added to strengthen landlord protection.

By choosing the right home insurance coverage for their properties, landlords can safeguard their rental homes, reduce financial risks, and ensure a steady income even when unexpected events occur.

Whether you rent out multiple properties or rent out a room in your home, shop around with multiple companies to find the best landlord insurance provider with the right policy for you.

Ways to Save on Home Insurance for Landlords

Homeowners insurance for landlords can be costly, but insurers reward owners who lower the risk with discounts for specific features.

Typical discounts include bundling policies, adding security systems, making energy upgrades, and staying loyal to the same provider, all of which reduce premiums without reducing coverage.

Top Home Insurance Discounts for Landlords

Landlords with newly built or recently renovated properties can qualify for discounts up to 10% from companies like Progressive and American Family.

The biggest savings on landlord home insurance come from bundling policies, with State Farm offering up to 20% and Safeco close behind at 19%.

Security systems also make a noticeable difference, with Farmers giving landlords as much as 15% off and Liberty Mutual offering 12%.

Beyond discounts, landlords can take practical steps to keep insurance costs down. These strategies focus on reducing property risks and maintaining stable coverage at lower monthly premiums.

• Choose a Higher Deductible: Selecting a higher deductible reduces monthly landlord home insurance costs, especially if you only file claims for major damages rather than minor repairs.
• Keep Claims History Clean: Avoid filing small claims and handle minor fixes out of pocket, since frequent claims can cause insurers to raise your landlord insurance premiums.
• Upgrade Property Safety: Improvements like fire-resistant roofing, storm shutters, and water leak detectors lower the chance of damage, making your rental property safer and less costly to insure.
• Regularly Update Property Values: After renovations or market changes, reassessing your rental property’s value ensures you’re not paying for more coverage than you need.
• Maintain Rental Properties Well: A properly maintained rental home faces fewer risks of accidents or damage, and insurers often reward landlords who show consistent upkeep with better rates.

Smaller but still valuable savings come from green home upgrades and loyalty reward programs, which typically lower rates by 5% to 12% depending on the insurer.

By combining discounts with smart property management strategies, landlords can cut insurance costs while still keeping strong protection in place for both their rental homes and their income.

Read More: How much homeowners insurance do you need?

10 Best Home Insurance Companies for Landlords

Knowing the advantages and disadvantages of each insurer is key to finding the right landlord home insurance. The top companies differ in rates, discounts, and coverage features, so landlords should compare carefully before choosing.

See how each provider stands out so you can select the best fit for your rental property needs (Read More: Is home insurance required?)

#1 – Nationwide: Top Overall Pick

Pros

• Legal Coverage Strength: Nationwide offers strong legal protection, helping landlords handle tenant disputes and liability claims.
• Affordable Minimum Rates: Nationwide landlord insurance starts at $151 per month for $200K coverage, keeping costs manageable.
• Top Claims Satisfaction: Its claims satisfaction score of 728/1,000 gives landlords confidence that payouts will be handled quickly and fairly. Our Nationwide insurance review shows why it ranks well for claims.

Cons

• Average Security Discount: Nationwide provides only a 10% security discount, leaving landlords with fewer savings compared to Farmers.
• Slightly Higher Large Premiums: At $342 a month for $1M in coverage, Nationwide is still competitive but slightly higher than Geico’s $330 monthly rate for landlords insuring high-value rentals.

#2 – Liberty Mutual: Best for Instant Quotes

Pros

• Quick Policy Setup: Instant quotes make it easy for landlords to insure new rental units. Check our Liberty Mutual insurance review to see how quickly it provides a quote.
• Minimum Rate Value: Coverage for landlords starts at $156 per month for $200K, balancing price with quick coverage.
• Security Savings Boost: Liberty Mutual landlord insurance offers up to 12% off with security systems, which rewards landlords who install monitored protection systems.

Cons

• High Large Premiums: At $355 a month for $1M, Liberty Mutual becomes costly for landlords insuring high-value properties.
• Weak Loyalty Discount: With only a 6% loyalty discount, landlords receive fewer long-term benefits compared to other providers.

#3 – State Farm: Best for Property Management

Pros

• Property Support Options: State Farm landlord insurance policies are tailored for tenant-related risks and liability needs. Our State Farm insurance review details why it ranks high with homeowners.
• Low Coverage Rates: Minimum landlord insurance costs start at $152 per month for $200K, with up to 20% in bundling discounts.
• Large Agent Network: State Farm has one of the largest agent networks in the U.S., making it easier for landlords with properties across states.

Cons

• Limited Online Tools: Digital options are less advanced, which can affect landlords managing rentals remotely.
• Higher Large Rates: At $338 per month for $1M coverage, State Farm landlord insurance is more expensive than Geico.

#4 – Farmers: Best for Rental Units

Pros

• Multi-Unit Coverage: Farmers landlord insurance works best for insuring multiple rental units under one policy. Our Farmers Insurance review explains how this policy works.
• Competitive Entry Rates: Farmers starts at $153 per month for $200K coverage, which is budget-friendly for new landlords entering the rental property market.
• Top Security Savings: With up to 15% discounts for security systems, Farmers rewards landlords who take proactive steps to protect rental homes from break-ins and damage.

Cons

• Lower Claims Score: Farmers scores 706/1,000 for claims satisfaction, which is below several competitors, raising concerns for landlords who rely on smooth claims handling.
• Costlier Large Policies: At $345 per month for $1M coverage, Farmers landlord insurance can increase costs for high-value rentals.

#5 – American Family: Best for New Properties

Pros

• New Home Savings: American Family landlord insurance offers up to 10% off for newly built or recently renovated properties.
• Portfolio Coverage Ease: Ideal for landlords managing multiple rentals under one home insurance policy. Our American Family Insurance review shows why many trust its property protection.
• Budget-Friendly Rates: Minimum coverage for landlords begins at $150 per month for $200K coverage, keeping costs lower than most competitors.

Cons

• Low Security Discount: At just 5%, AmFam offers one of the smallest security discounts, limiting landlords’ ability to save with upgraded property protection.
• Claims Score Lag: At 692/1,000, American Family ranks below top competitors, which could affect landlords needing reliable claims support.

#6 – Geico: Best for Online Simplicity

Pros

• Digital Policy Tools: Geico makes it easy for landlords to manage insurance online. Explore the Geico insurance review to see options for luxury properties.
• Lowest Minimum Rates: Geico has the cheapest landlord insurance, starting at $148 per month for $200K coverage, making it the best choice for landlords on a budget.
• Affordable Large Coverage: At $330 per month for $1M coverage, Geico is the most affordable provider for landlords insuring high-value rentals.

Cons

• Small Security Discount: Geico only offers a 7% discount for security systems, leaving landlords with fewer savings than Farmers or Liberty Mutual.
• Limited Local Support: With its online-first model, landlords wanting in-person service may find Geico less convenient compared to State Farm or Nationwide.

#7 – Allstate: Best for Liability Protection

Pros

• Strong Liability Cover: Allstate protects landlords from tenant injury lawsuits and related claims. Check the Allstate insurance review to see how it compares on premium costs.
• Competitive Entry Rates: Starting at $155 per month for $200K coverage, Allstate landlord insurance balances price and strong coverage.
• Bundling Discount Option: Landlords can save up to 15% by bundling their landlord policies with auto or life insurance, increasing affordability.

Cons

• High Large Premiums: At $350 per month for $1M coverage, Allstate costs more than competitors like Geico or Nationwide for landlords.
• Average Claims Score: With 691/1,000 for claims satisfaction, Allstate falls slightly behind competitors, which may impact landlord trust in claim reliability.

#8 – Safeco: Best for Digital Claims

Pros

• Online Claims Ease: Safeco simplifies the process for landlords filing and tracking claims. Read our Safeco insurance review to see how easy to file claims.
• Competitive Base Rates: Minimum landlord coverage starts at $154 per month for $200K, keeping Safeco affordable for smaller properties.
• Bundling Discount Value: With up to 19% savings, landlords benefit significantly when combining multiple Safeco policies.

Cons

• Limited Agent Access: Safeco’s smaller agent network may not be ideal for landlords managing multiple rentals who prefer in-person help.
• Higher Large Rates: At $348 for $1M coverage, Safeco costs more than cheaper competitors like Geico or Nationwide.

#9 – Travelers: Best for Custom Policies

Pros

• Custom Coverage Flex: Travelers lets landlords add endorsements for theft, vandalism, and equipment breakdowns. Our Travelers insurance review breaks down what makes their policies stand out.
• Reasonable Entry Rates: Travelers landlord insurance starts at $157 per month for $200K coverage, making it an accessible choice.
• Bundling Discount Help: Landlords can save up to 13% when bundling, adding value for those with multiple policies.

Cons

• Higher Starting Costs: At $157 per month, Travelers is pricier than Geico’s $148 for landlords with the same minimum coverage.
• Weak Security Savings: With only a 9% discount, Travelers offers less incentive for landlords to add property security systems.

#10 – Progressive: Best for Budget Flexibility

Pros

• Flexible Policy Options: Progressive gives landlords customizable coverage and payment plans. Delve into our guide, Progressive insurance review, to see how it handles customizable coverage.
• Low Minimum Rates: Landlord coverage begins at $149 per month for $200K coverage, making it competitive for cost-focused property owners.
• Good Bundling Value: Progressive provides up to 16% off for bundling, giving landlords more ways to lower costs.

Cons

• Moderate Large Rates: At $335 for $1M coverage, Progressive is more expensive than Geico for landlords with high-value properties.
• Lowest Claims Score: Progressive ranks lowest of the group at 672/1,000, raising concerns for landlords who prioritize strong claims support.

How to Choose the Best Home Insurance for Landlords

The best home insurance for landlords should protect your rental property fully without costing more than necessary. Nationwide stands out for landlords who want legal coverage included in their policies, helping with tenant disputes and liability issues.

Geico appeals to budget-conscious landlords with the lowest minimum rates at $148 per month for $200K in coverage, while State Farm provides peace of mind with strong property management support and discounts of up to 20% for bundling policies.

To choose the right landlord policy, start by deciding how much coverage you need for the dwelling, liability, and lost rental income. Then, compare homeowners’ insurance quotes online to see which company offers the best mix of price and features for your property.

Protecting your home doesn’t have to be expensive. Enter your ZIP code into our free tool to find affordable homeowners insurance today.