Imagine renting out your property only to face a sudden disaster: fire damage, a tenant refusing to pay rent, or unexpected legal fees. Without the right protection, these situations can drain your finances and leave you in a legal mess.
Suddenly, the steady income you relied on is threatened by unexpected expenses, legal battles, and the terrifying task of restoring your property. The right insurance for landlords becomes crucial, acting as your financial shield against the unpredictable.
But with so many policies out there, how do you choose the best one? In this guide, we’ll rank the top 5 best insurances for landlords in 2025, helping you find the right coverage to secure your rental income, protect against tenant-related risks, and ensure peace of mind.
Let’s get started!
5 Best Insurance Companies for Landlords in 2025 – Reviews & Comparisons
The following is our list of the best landlord insurance companies for rental property owners, with their best features reviewed and compared to help you make a better choice.
1. Steadily
One size doesn’t fit all when it comes to landlord insurances. That’s where Steadily Insurance comes in. Unlike traditional insurers that offer landlord coverage as an add-on, Steadily focuses exclusively on insuring rental properties, making it one of the best choices for landlords who want coverage with a smooth, digital experience.
Steadily has gained a strong reputation for its fast, efficient, and landlord-centric insurance solutions. Unlike many insurance providers that primarily focus on homeowners, it is 100% dedicated to rental property insurance.
Moreover, it leverages technology to make the insurance process quick and seamless. You can get an online quote in minutes, compare coverage options, and secure a policy, all without jumping through hoops.
Steadily offers flexible policies that can include protection against property damage, loss of rental income, liability claims, and even vandalism or tenant-caused damages. The coverage includes fire, injury, riot & civil commotion, wind & hail, water, vandalism, and lawsuits.
Steadily is built for the modern landlord. Their online platform makes getting quotes, managing policies, and even filing claims incredibly easy. They’ve also gained recognition for their strong coverage options for short-term rentals, such as Airbnb and VRBO properties.
While traditional insurers let you bundle landlord insurance with auto or homeowner’s policies for discounts, this insurance focuses only on landlord coverage, so there’s no bundling option, which is one of its major disadvantages.
Pros
- Designed Exclusively for Landlords
- Fast & Easy Online Process
- Available in All 50 States
- Affordable & Transparent Pricing
Cons
- No Bundling Discounts
- Limited In-Person Agent Support
2. The Hartford
When it comes to landlord insurance, The Hartford is a name that stands out for its reliability, extensive coverage, and strong reputation. Founded in 1810, The Hartford has built a legacy of trust and financial strength, making it a solid choice for rental property owners looking for dependable protection.
For property protection when your rental unit is damaged by fire, windstorms, or vandalism, The Hartford covers the cost of repairs, helping landlords get back on their feet without facing steep out-of-pocket expenses.
In case of accidents that can happen, and if a tenant or visitor gets injured on your property, you could be held liable. The Hartford’s landlord insurance includes liability coverage, which helps cover medical expenses and legal fees if someone sues you.
The Hartford is known for its solid customer service. When you’re dealing with a stressful situation like a property claim, you want to know you can reach someone helpful and knowledgeable. They’ve built a solid reputation in this area.
The Hartford also has a disadvantage, which is that unlike other standalone landlord insurance policies, it only offers landlord coverage as an add-on to its existing homeowner insurance policies. This means you’ll need to have a primary home insurance policy with them before you can access their rental property protection.
Pros
- Covers fire, windstorms, vandalism, and more
- Protects landlords from financial loss
- Covers medical expenses and legal fees
- Backed by A+ ratings from AM Best and S&P
Cons
- Must have a homeowner’s insurance policy first
- Not the cheapest option for landlords
3. Allstate
Allstate is a household name in insurance, and they bring that broad experience to their landlord insurance offerings. What sets them apart is their focus on customization, which can be a real asset for landlords with unique property situations.
Known for its strong reputation in the insurance industry, Allstate offers landlord insurance policies with customizable coverage options, making it a great choice for both small and large property owners.
With a network of local agents and a user-friendly online platform, Allstate ensures that landlords get the protection they need while keeping the process as simple as possible. It also allows landlords to customize their policies based on their property type and risk exposure.
You can add coverage for vandalism, burglary, rental income loss, and even flood damage, ensuring you get protection that fits your needs. If a tenant or visitor gets injured on your property, Allstate’s liability coverage helps cover medical bills, legal fees, and settlement costs, reducing financial risk.
With a large network of agents across the U.S., Allstate provides personalized service for landlords who prefer in-person consultations over online-only providers. Moreover, having a solid reputation and financial strength, Allstate is known for being reliable when it comes to paying claims, a crucial factor for landlords who want peace of mind.
However, the customizable nature can be a disadvantage as well. Due to the customizable nature of their policies, premiums can vary significantly. Navigating the numerous coverage options and discounts can be overwhelming for some landlords. It’s crucial to get multiple quotes and carefully compare coverage options.
Pros
- Customizable Coverage with add-ons
- Strong Liability Protection
- Rental Income Coverage
- Nationwide Agent Support
- Reliable Claims Process
Cons
- Higher Premiums, especially without Bundling
- Limited Short-Term Rental Coverage
4. State Farm
Our next pick for the list, State Farm, is another insurance behemoth, and they bring their extensive experience to the landlord insurance market. What makes them stand out is their blend of national strength with a strong local agent presence. The company’s name always stands out when it comes to reliable and well-established insurance providers.
One of the biggest advantages of choosing State Farm is its local agent support, allowing landlords to work directly with an expert to customize coverage that fits their specific needs. State Farm also covers physical damage to rental properties caused by fires, storms, vandalism, and other covered events.
If a tenant or visitor gets injured on your property and holds you responsible, State Farm helps cover medical expenses, legal fees, and potential settlements, reducing financial risks. And if your property becomes uninhabitable due to a covered event, the insurance reimburses lost rental income, keeping your cash flow stable while repairs are made.
Like many large insurers, State Farm offers bundling discounts if you have other policies with them, such as homeowners or auto insurance, leading to significant savings.
While they have online resources, State Farm isn’t as digitally driven as some of the newer, tech-focused insurers. If you prefer a completely online experience, you might find their processes a bit less streamlined, making it one of their disadvantages.
Pros
- Strong Liability Coverage for Medical Bills and Legal Fees
- Local Agent Support for Policy Customization and Claims Handling
- Loss of Rental Income Coverage
- Customizable Coverage Options
- Multi-Policy Discounts
Pros
- Higher Premiums
- Limited Online Quote Process
5. American Family Insurance (AmFam)
American Family Insurance, often called AmFam, is another great choice when it comes to flexible coverage options and strong customer support. Known for its customizable policies, AmFam provides protection against property damage, liability risks, and loss of rental income, making it a solid option for both small-scale landlords and larger property owners.
American Family has a reputation for being deeply involved in the communities it serves. This can translate to a more personalized and attentive customer experience. They offer a range of landlord insurance coverages, including property damage, liability, and loss of rental income. This allows you to create a well-rounded policy.
Landlords with multiple properties can qualify for discounts, making it a cost-effective choice for those managing several rentals. The insurance also offers optional coverage like flood insurance, equipment breakdown, and identity theft protection, helping landlords tailor their policies to their unique needs.
For landlords who value personalized insurance coverage, strong customer support, and flexible policy options, American Family Insurance is a fantastic choice. Its customizable coverage and multi-property discounts make it especially appealing for landlords managing multiple rental units.
However, availability limitations and potentially higher costs for add-ons might make it less suitable for landlords seeking budget-friendly or fully digital insurance solutions.
Pros
- Personalized customer support
- Customizable add-ons
- Multi-property discounts
- Loss of rental income coverage
- Strong liability protection
Cons
- Limited availability
- Higher premiums for add-ons
Protect Your Rental Property Beyond Insurance with Tenant Screening
While having landlord insurance is crucial for safeguarding your property against unexpected damages and liability risks, preventing problems before they happen is even better. The best way to minimize financial losses and property damage is by choosing reliable tenants from the start.
At RentRisk, we specialize in quality tenant screening services to help landlords find trustworthy renters who are financially responsible and have a history of treating rental properties with care. Screening potential tenants reduces the chances of late payments, evictions, and property damage, ultimately decreasing your reliance on insurance claims.
Key Takeaways
- Landlord insurance is essential for protecting rental properties against damages, liability risks, and lost rental income.
- Steadily provides quick online quotes and flexible policies tailored for landlords.
- The Hartford offers comprehensive coverage and top-tier customer service, making it a solid choice for landlords.
- Allstate stands out for its customizable policies, strong liability protection, and bundling discounts.
- State Farm is a great option for landlords who prefer working with local agents and need multi-policy discounts.
- American Family Insurance provides flexible coverage options and multi-property discounts, though it has limited state availability.
- When choosing landlord insurance, consider factors like coverage options, policy costs, claim process, and customer support to find the best fit for your rental business.
