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Find the Best Renters Insurance in Richmond, VA

Whether you’re a student renting around the West End or a young professional moving to Scott’s Addition, it’s important to protect yourself with renters insurance. The Richmond Times-Dispatch has partnered with ConsumerAffairs to create this guide by comparing the local reviews of 18 businesses and choosing eight favorites from the best renters insurance companies in Richmond.

Companies pay ConsumerAffairs to be authorized, and the Richmond Times-Dispatch and/or ConsumerAffairs may receive compensation when you click a link, call a number or fill out a form on this site.

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What does renters insurance cover in Richmond?

richmond skyline

In Richmond, nearly 60% of residents are renters, according to 2017 census estimates. With many colleges in the city, like Virginia Commonwealth University and the University of Richmond, there’s an influx of students looking for housing, too. Given the widespread popularity of renting here, it’s important for Richmond residents to understand the benefits of renters insurance.

Most renters insurance policies offer three main types of coverage:

  • Personal property coverage: This type of coverage reimburses you for the cost of damaged or stolen items, like bikes, laptops and furniture. With personal property coverage, each company sets its own list of “covered perils” that defines whether the cause of your loss is covered. Common covered perils include theft, vandalism, fire, smoke and water damage from leaky pipes. When you opt into personal property coverage, you need to choose between receiving the actual cash amount of your property (the depreciated amount your items were worth) and the more expensive replacement cost (the amount it would cost to replace them with new versions).
  • Liability coverage: You might be legally liable for injuries or property damage other people suffer in your rental, meaning you have to pay for their medical bills or losses. Liability coverage helps you afford these costs, which are often substantial.
  • Additional living expenses: Sometimes, a covered peril, like a fire, makes it impossible to continue living in your home or apartment. This type of coverage helps pay for the added costs of relocating while you’re temporarily displaced, including food, gas, utilities and your new rent.

With a higher-than-average crime rate here, according to NeighborhoodScout, Richmond residents are more likely to be victims of property crimes. However, the cost of replacing stolen or damaged items is usually covered by renters insurance.

Richmond also gets a lot of rain, making water damage a pretty common event here. Renters insurance helps cover the cost of damaged property if water gets into your home or storage unit. However, it doesn’t cover damage from flooding.

What does renters insurance not cover in Richmond?

There are things most renters insurance policies just don’t cover, like pet damage, damage from natural disasters and damage you cause on purpose.

As previously mentioned, floods also aren’t covered by renters insurance. However, flood insurance can sometimes be added for a supplemental cost. In a city like Richmond that sees a lot of rain, this might be worth it.

Other common policy add-ons include:

  • Higher limits for personal property, liability or living expense coverage
  • Pet insurance
  • Rider policies for valuable items

How much is renters insurance in Richmond?

In Richmond, the cost of renters insurance for a 35-year-old single woman runs between $12 and $55 per month. The bottom end of this range is for a basic renters policy with personal property coverage of around $15,000.

If you have more than $15,000 worth of stuff, you probably want more coverage than that, though. Some apartment owners in Richmond require residents to have more than $15,000 in personal property coverage anyway, so make sure to understand your landlord’s requirements and the total value of your items before comparing quotes.

Other things that impact your price include:

  • The age of your apartment
  • Your neighborhood
  • Your demographic information

It’s a good idea to play around with coverage amounts and deductibles to find the right fit for your budget and needs. This includes asking about discounts for bundling policies, auto pay and having a security system.

Richmond renters insurance FAQ

When does renters insurance take effect in Richmond?

Most policies go into effect as soon as they’re signed, although some companies implement a one-day waiting period.

Is renters insurance required in Richmond?

Renters insurance is not required by law in Virginia. However, landlords have the option to require it, so the answer depends on where you live and who you’re renting from.

Does renters insurance cover storage units in Richmond?

If your items were damaged by a covered peril, like theft or a fire, your renters insurance policy should cover belongings in a storage unit.

Do college students need renters insurance in Richmond?

If you’re a college student, you likely have some expensive belongings, like textbooks and laptops. Though students are not required to have renters insurance, it can help cover the cost if someone steals these items.

Richmond renters insurance company information


Lemonade designed its renters insurance to work for every type of renter, with customizable coverage up to $1 million in liability and $250,000 in personal property. Its online quote tool makes it easy to find discounts and coverage limits that work for you. Lemonade offers additional coverage for high-value items, like fine art and bikes, too.

Lemonade Get a Quote

GEICO: Brian Cory

Brian Cory is a local GEICO agent in Richmond. His team offers renters insurance policies for personal property, liability and other coverages starting at $12 per month. You can also add additional types of coverage, like business merchandise and scheduled property, to your coverage. Brian Cory’s team speaks English and Spanish. This GEICO office is located at 8010 Midlothian Turnpike, Richmond, VA 23235.

GEICO: Brian Cory

Insurance Doctor

Insurance Doctor of Richmond is a full-service broker that helps you compare quotes from insurance companies across the nation. It offers flexible payment options and promises not to refuse anyone. To get a free quote, call Insurance Doctor of Richmond directly or visit its office at 7111 W. Broad St., Richmond, VA 23294.

Insurance Doctor

Virginia Farm Bureau

Virginia Farm Bureau is a local insurance agency offering renters insurance for anyone, not just farmers. Policies include coverage for personal property, liability, others’ medical payments and additional living expenses. Ask about the company’s supplemental umbrella policies. You can get a quote online or at Virginia Farm Bureau’s nearby location at 12580 W. Creek Parkway, Richmond, VA 23238.

Virginia Farm Bureau

Sweeney Insurance Agency Inc.

Sweeney Insurance Agency Inc. is an insurance broker, meaning it offers policies through many local and national insurance companies. These include Travelers, Hagerty and Grange. Its services come with six-month checkups and regular policy coverage assessments to ensure everything is working as it should. Sweeney Insurance Agency Inc. is located at 510 E. Belt Blvd., Richmond, VA 23224.

Sweeney Insurance Agency Inc.

Allstate: Linwood Heath

Linwood Heath is an Allstate agent in Richmond offering renters insurance policies. Most policies include guest liability, personal and scheduled property, reimbursement for living expenses, and identity restoration coverage. Linwood Heath can help you find a policy and deductible amounts for your budget at 15 N. Thompson St., Richmond, VA 23221.

Allstate: Linwood Heath

Cary-Wheeler Insurance

As an insurance broker, Cary-Wheeler Insurance helps customers compare quotes and policy coverages from multiple insurance providers. Its insurance partners include MetLife, Chubb, Nationwide and Progressive. You can compare quotes with a Cary-Wheeler Insurance agent online or in person at 1125 Gaskins Road, Ste. 100, Richmond, VA 23238.

Cary-Wheeler Insurance

Richmond VA Insurance Agency Inc.

Richmond VA Insurance Agency Inc. is an insurance broker. Its team compares quotes from local, state and national insurance companies, including Progressive, London Mutual and Grange Insurance to help you find a policy. You can get a quote online at any time or with the help of its agents during business hours. Richmond VA Insurance Agency Inc. is located at 10045 Midlothian Turnpike, North Chesterfield, VA 23235.

Richmond VA Insurance Agency Inc.