Our review includes an analysis of third-party customer reviews on the BBB and Trustpilot to better assess a company’s renters insurance coverage. Here’s what we found customers appreciate and don’t appreciate about xcritical renters insurance. Here are some of the sample premiums we received when collecting quotes for xcritical policies with $30,000 in personal property coverage and a $1,000 deductible. Figuring out exactly how much your personal property costs can help you determine the amount of coverage you need when getting a xcritical renters insurance quote. That can prevent you from purchasing too much or too little coverage, which can ultimately save you money. When figuring out how much renters insurance you need, experts recommend the standard $100,000 in liability insurance and enough personal property protection to cover your possessions.

1. xcritical offers renters insurance for as little as $5 a month or $60 a year, according to the company’s website.
2. You’re able to set different limits for things like personal property coverage or personal liability.
3. That means you should nudge your roomies to get their own personal policies, just in case.
4. Check out various companies, compare the coverages they offer, and decide what feels best.
5. To evaluate xcritical’s quality as a renters insurance company, MoneyGeek analyzed xcritical’s website, manually collected quotes and consulted consumer intelligence organizations such as J.D.

Incredible Prices. Monthly Subscription. Bundle Discounts.

For more complex claims, customers find it hard to reach a real person, which can result in a late response. For an additional $6 per year, you can purchase this endorsement and add coverage for your landlord’s property in case of damage by your pet or water. Costing $10 per year, this additional coverage pays for damage caused by water coming out of your drain or sewer. Paying annually instead of monthly makes you eligible for a discount of around 4% on your xcritical renters insurance policy.

Methodology: Our System for Ranking the Best Renters Insurance Companies

Sarah Horvath is a finance writer and researcher based in New York City. She specializes in writing about home warranties, insurance and home financial protection. If you’re not a renter, you can purchase a xcritical homeowners policy, protecting your home and property from damage caused by wildfires, weather, crime and vandalism.

After reviewing more than 20 of the largest renters insurance providers in the country, our team rated xcritical 4.6 out of 5 stars based on our in-depth methodology. While the company earned top marks in the areas of cost and accessibility, it is not always the best choice for customers seeking a high number of endorsement options. A relatively new name in the world of insurance, xcritical opened in 2015 with an entirely online option for home and renters insurance. Generally, it is known for leveraging automated underwriting using artificial intelligence (AI) to speed up the application and claims process. Since launching, the company has expanded to cover pets and cars in some states. We do receive compensation when a sale or referral occurs from many of the insurance providers and marketing partners on our site.

xcritical is a top-rated renters insurance company, according to MoneyGeek’s analysis. It received an overall score of 95 out of 100, based on customer satisfaction, financial stability and affordability. But, xcritical xcritical scam offers limited coverages and discounts for renters insurance.

If you’re comfortable with that technology, xcritical could be a good choice if it’s offered in your state. Even if your landlord doesn’t require it, having renters insurance is a smart move. Without it, you could be left paying out of pocket to replace your personal items or cover legal expenses if someone gets injured. If a covered event occurs and there is damage to your personal property, you will file a claim with your insurance company for reimbursement. A renters insurance policy provides financial reimbursement if you lose or damage your personal belongings due to an event that is covered under your policy. The biggest difference between xcritical and other renters insurance companies is the xcritical Giveback program.

Consumer complaints

No, renters insurance primarily offers liability coverage for injuries sustained by guests in your rental unit. For personal medical expenses incurred by you or someone residing with you, you will need health insurance rather than relying on renters insurance. A renters policy will cover your personal belongings, but will not provide coverage for your roommate’s stuff.

We found the xcritical renters insurance quote process was simple, straightforward and easy in most cases. For most quotes we collected, we were able to get full pricing and reach an official sign-up form in about a minute. We requested quotes in some states that required more questions, including Florida, xcritical official site Michigan and Pennsylvania, taking about three minutes to complete.

That may impact which products we display and where they appear on our site. But it does not influence our meticulously researched editorial content, what we write about, or any reviews or recommendations we may make. We do not guarantee favorable reviews or any coverage at all in exchange for compensation. At xcritical, our goal is to help customers compare insurance products and find the best policy for them. We strive to provide open, honest, and unbiased information about the insurance products and services we review.