State Farm Homeowners Insurance vs. Lemonade Renters Insurance
Side-by-side comparison · Updated 2026 · Independently reviewed
State Farm Homeowners Insurance
State Farm
4.3
Avg $1,820–$1,900/yr. Largest insurer. 18,000+ agents. Bundle & save up to 20%.
Full review →Lemonade Renters Insurance
Lemonade
4.5
From $5/mo. Avg $118/yr. AI claims paid in minutes. App-first experience.
Full review →WealthSpott Verdict
Lemonade Renters Insurance wins on more measurable categories. State Farm Homeowners Insurance may still be worth a quote depending on your location and coverage needs — premiums vary widely.
Feature
State Farm Homeowners
Lemonade Renters Insurance
WealthSpott Rating
4.3 / 5
4.5 / 5 Best
Coverage Type
Home Insurance
Renters Insurance
Avg Annual Premium
~$1,860/yr
~$118/yr Best
AM Best Rating
—
—
J.D. Power Score
—
—
Mobile App Rating
—
—
State Farm Homeowners Insurance
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
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