How we make this list: we compare pricing pages, product documentation and public user reviews. Ratings come from G2, Capterra or Trustpilot, with the date we checked them.
Key takeaways
- Obie suits real estate investors, with fast online quotes, portfolio coverage, and landlord-specific policies across 50 states.
- Steadily suits individual landlords and short-term rental owners, with quick online service and strong vacant and renovation coverage.
- State Farm suits traditional landlords who prefer in-person agents and strong claims support.
- Allstate suits owners who want a big-brand agent plus built-in rent replacement up to 12 months.
- Farmers suits first-time landlords seeking flexible add-ons, with loss of rents up to 18 months.
- Liberty Mutual suits discount hunters who like adjustable limits and bundling.
- Travelers suits landlords focused on carrier stability and multi-property scale.
- USAA suits military landlords and families, with top-rated coverage for eligible members.
- Premiums vary sharply by property type, location, coverage limits, and claims history, with typical ranges from about $500 to $2,500 per year per property. This article is general information, not insurance advice. Compare quotes with identical limits and check whether your policy is DP1, DP2, or DP3, since coverage breadth differs.
Quick comparison
| Tool | Best for | Starting price | Free plan |
|---|
 Obie | Real estate investors | See website | No |
 Steadily | Individual landlords and STR owners | See website | No |
 State Farm | Local-agent guidance | See website | No |
 Allstate | Big-brand agent plus rent replacement | See website | No |
 Farmers | First-time landlords and flexible add-ons | See website | No |
 Liberty Mutual | Discount hunters and bundling | See website | No |
 Travelers | Carrier stability and multi-property scale | See website | No |
 USAA | Military landlords and families | See website | No |
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We review this list regularly. Vendors can request a listing, send updated pricing or ask about featured placement.
The best landlord insurance companies
Starting priceSee website
Free planNo
Obie is the best overall landlord insurance provider for real estate investors. Founded in 2015 as a tech innovator in commercial insurance, Obie is a brokerage that shops among top-rated carriers to find the best rate. Policies cover single-family homes, duplexes, triplexes, townhomes, condos, and small multifamily buildings, for long-term or short-term rentals, with property, liability, and loss-of-rent coverages bound online in minutes.
The limits are track record and price clarity. Obie is newer than legacy carriers, availability is limited in some states, and published premium ranges conflict across sources, from about $500 to $1,500 per year per property in one guide to $800 to $3,000 in another. Obie claims landlords save 25 percent on average versus standard landlord insurance. For investors closing on a property or scaling a portfolio in LLCs and trusts, Obie is the best pick.
What we like- Fast online quotes and binding in minutes
- Portfolio coverage across 50 states
- Investor-focused workflows
Watch out for- Newer company with shorter track record
- Limited availability in some states
- Published premium ranges conflict
Starting priceSee website
Free planNo
Steadily suits individual landlords and small-scale investors wanting quick online service. Coverage spans all 50 states, quotes are fast and digital, and the platform flexes on short-term rentals, vacant properties, and renovations, which are clear wins over many rivals. A straightforward residential rental, an accidental-landlord situation, or a short-term rental all lean Steadily.
The trade off is portfolio pricing. Steadily may be slightly higher priced for multi-property portfolios, and its flow is less tailored to complex investor structures than Obie. Typical premiums run about $600 to $1,800 per year per property. For a first rental or a short-term rental, Steadily is the best choice.
What we like- Quick online service across all 50 states
- Strong short-term rental, vacant, and renovation coverage
- Simple friendly flow
Watch out for- May be slightly higher priced for multi-property portfolios
- Less tailored to complex investor structures
- Newer brand
Starting priceSee website
Free planNo
State Farm suits traditional landlords who prefer in-person agents and strong claims support. As an established nationwide provider, it offers standard, reliable coverage for property damage and liability, with loss-of-rent protections typically customized with an agent. Claims support is a consistent strength.
The limits are speed and investor fit. Quoting is slower than digital rivals, and policies are not designed for active investors managing portfolios. Typical premiums run about $700 to $2,000 per year per property. For landlords who want a local agent, State Farm is the best pick.
What we like- Established nationwide provider
- Strong claims support
- Local agent network
Watch out for- Slower quoting process
- Policies not designed for active investors
- Loss of rent typically customized with an agent
Starting priceSee website
Free planNo
Allstate suits owners who want a big-brand agent plus built-in rent replacement. Dwelling and liability protection come with Fair Rental Income up to 12 months, which reimburses lost rent while a covered loss is repaired. The agent network suits landlords who want guidance through coverage choices.
The trade off is price and speed. Premiums vary by market, digital quoting is slower than digital-first rivals, and add-ons push costs up. For landlords who want a known brand with solid rent replacement, Allstate is a strong choice.
What we like- Big-brand agent network
- Fair Rental Income up to 12 months
- Broad property and liability coverage
Watch out for- Premiums vary by market
- Digital quoting slower than Obie or Steadily
- Add-ons push costs up
Starting priceSee website
Free planNo
Farmers suits first-time landlords seeking flexible add-ons. Property and liability coverage comes with optional Loss of Rents up to 18 months, longer than most rivals, and comprehensive property options support high liability limits for higher-value properties.
The limits are underwriting and claims speed. Underwriting is lengthy, claims run slower than digital competitors, and typical premiums run $800 to $2,500 per year. For first-time landlords who want flexibility, Farmers is the best pick.
What we like- Flexible add-ons
- Loss of Rents up to 18 months
- Comprehensive property options with high liability limits
Watch out for- Lengthy underwriting
- Slower claims than digital rivals
- Typical premiums from $800 to $2,500 per year
Starting priceSee website
Free planNo
Liberty Mutual suits discount hunters who like adjustable limits. Standard landlord insurance comes with strong options for liability and property protection, and the main strength is discounts available when you bundle policies, such as auto and rental property together.
The trade off is bundle dependence. Discounts depend on holding multiple policies, quoting varies by state, and the platform is less investor-focused than Obie. For landlords who bundle and want adjustable limits, Liberty Mutual is a good choice.
What we like- Strong discounts when bundling policies
- Adjustable limits
- Standard landlord coverage with good liability options
Watch out for- Discounts depend on bundle
- Quoting varies by state
- Less investor-focused than Obie
Starting priceSee website
Free planNo
Travelers suits landlords focused on carrier stability and multi-property scale. Strong, comprehensive coverage scales well for landlords with several properties, with strong liability and property damage protection. For larger portfolios, carrier stability matters, and Travelers is among the most established names here.
The limits are speed and price. Quoting is slower than digital-first rivals, and premiums vary by market. For landlords scaling portfolios with a stable carrier, Travelers is the best pick.
What we like- Strong comprehensive coverage
- Scales well for landlords with multiple properties
- Strong liability and property protection
Watch out for- Premiums vary by market
- Quoting slower than digital rivals
- Less digital-first than Obie or Steadily
Starting priceSee website
Free planNo
USAA suits military landlords and families, with excellent all-around coverage that consistently receives top marks for quality and service. Policies include dwelling, liability, and loss of rent, and claims service is a consistent strength.
The trade off is eligibility. USAA membership is restricted to military members and eligible families, so it is not available to the general public. For eligible landlords, USAA is the best choice.
What we like- Top-rated coverage and service
- Dwelling, liability, and loss of rent included
- Strong claims reputation
Watch out for- Eligibility restricted to military members and families
- Not available to the general public
- Availability varies by state
How we chose
We compared coverage breadth, loss-of-rent terms, quoting speed, state availability, portfolio tools, claims reputation, and premium ranges. Providers with fast digital quoting and investor-focused workflows scored higher for modern landlords, while legacy carriers scored higher for agent support and stability. We noted where published premium ranges conflict and where eligibility is restricted. We did not test any provider hands-on, and premiums here reflect published ranges that vary by property and market.
Buying guide: what to check before you pay
Start with coverage type. Confirm whether your quote is DP1, DP2, or DP3, since DP1 covers named perils only while DP3 covers open perils with the most protection. Next, compare loss-of-rent terms, since Allstate covers up to 12 months and Farmers up to 18 months, and the difference matters if repairs take months. Ask about liability limits too, since $1 million to $2 million is typical and higher-value properties need more. Check exclusions as well, especially flood, which usually needs a separate policy, and tenant-caused damage, which some policies cover through tenant legal liability add-ons. Check state availability too, since some digital providers are limited in certain states. Finally, get quotes from at least three providers with identical limits, since the cheaper quote depends on your property, location, and claims history more than on the brand, and confirm replacement cost coverage matches current rebuilding costs.
Frequently asked questions
How much does landlord insurance cost?
Typical premiums run about $500 to $2,500 per year per property, depending on property type, location, coverage limits, and claims history. One Missouri guide cites an average of $2,809 per year for that state, which shows how much location matters.
What does landlord insurance cover?
Landlord insurance typically covers the structure and landlord-owned furnishings, liability for injuries on the property, and loss of rental income when a covered loss makes the property uninhabitable. Flood usually needs a separate policy, and tenant belongings are not covered.
What is the difference between DP1, DP2, and DP3?
DP1 covers named perils only, DP2 adds broader named perils, and DP3 covers open perils, meaning everything except listed exclusions. DP3 offers the most protection and usually costs more.
Does landlord insurance cover short-term rentals?
Some providers cover short-term rentals well, notably Steadily, while others restrict or exclude them. Confirm short-term rental coverage in writing before you list a property on a short-term platform.
Can I get landlord insurance for a property in an LLC?
Yes. Providers such as Obie are built for LLC and trust-titled investment property, with portfolio views and lender-friendly binding. Confirm the named insured matches your ownership entity before you close a financing deal.
Sources we checked (0)
Is your product missing or out of date?
We review this list regularly. Vendors can request a listing, send updated pricing or ask about featured placement.
Shihab Mia · Founder, Rankite
Shihab has 5+ years in B2B and SaaS SEO. He writes Rankite's software buying guides from pricing pages, documentation and public user reviews. More about Shihab.