Lemonade Renters Insurance vs. State Farm Renters Insurance

Side-by-side comparison · Updated 2026 · Independently reviewed

Lemonade Renters Insurance

Lemonade

4.5

From $5/mo. Avg $118/yr. AI claims paid in minutes. App-first experience.

Full review →

State Farm Renters Insurance

State Farm

4.3

From $12/mo. Replacement cost included. Bundle with auto for 17% off.

Full review →

WealthSpott Verdict

Lemonade Renters Insurance wins on more measurable categories. State Farm Renters Insurance may still be worth a quote depending on your location and coverage needs — premiums vary widely.

Feature

Lemonade Renters Insurance

State Farm Renters

WealthSpott Rating

4.5 / 5 Best

4.3 / 5

Coverage Type

Renters Insurance

Avg Annual Premium

~$118/yr Best

~$134/yr

AM Best Rating

—

J.D. Power Score

—

Mobile App Rating

—

Lemonade Renters Insurance

Pros

Policies from $5/month
Policies from $5/month
AI claims paid in minutes
AI claims paid in minutes
B Corp — donates unused premiums
B Corp — donates unused premiums

Cons

Limited customization options
Limited customization options
Not ideal for high-value belongings
Not ideal for high-value belongings

Full review

State Farm Renters Insurance

Full review

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