Toggle renters insurance stands out among its competitors because of its affordable rates, customizable policies and online processes. It may appeal to renters looking for fast quotes or those who do not want to spend time filling out lengthy enrollment forms. We at the MarketWatch Guides team assessed Toggle based on cost, coverage and other details to help you decide which are the best renters insurance options to satisfy your needs.
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Our Thoughts on Toggle
Toggle may work for renters who want to secure a policy through an entirely online process, in which the company can help you find coverage based on what you can afford. This insurer lets you purchase a policy after providing basic personal information on its website. You can then modify your coverage details during the online quote process and adjust the final price to fit your budget.
The insurer charges competitive rates, based on our review, but does not offer renters insurance discounts. However, you can choose from endorsements such as replacement cost coverage. However, Toggle does not sell renters insurance policies in every state, nor does it offer financial protection against natural disasters.
How Toggle Scored in Our Methodology
Toggle earned 3.8 out of 5 points based on our provider rating methodology. Although the insurer offers many endorsements and a convenient online process, it lost points because of a lack of discounts, no option for 24/7 customer service and not having a mobile app. Our team reached out to Toggle for comment on the areas in which it scored lower in our review but did not receive a response.
The listings that appear are from companies from which this website may receive compensation, which may impact how, where and in what order products appear. Not all companies, products or offers were reviewed in connection with this listing.
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Toggle State Availability
Toggle offers renters insurance in 29 U.S. states. However, the insurer says it will be expanding its service areas, so you can contact the company directly to see if it offers policies in your specific location.
Alabama | Alaska | Arizona | Arkansas | California | Colorado | Connecticut | Delaware | Florida | Georgia | Hawaii | Idaho | Illinois | Indiana | Iowa | Kansas | Kentucky | Louisiana | Maine | Maryland | Massachusetts | Michigan | Minnesota | Mississippi | Missouri | Montana | Nebraska | Nevada | New Hampshire | New Jersey | New Mexico | New York | North Carolina | North Dakota | Ohio | Oklahoma | Oregon | Pennsylvania | Rhode Island | South Carolina | South Dakota | Tennessee | Texas | Utah | Vermont | Virginia | Washington | West Virginia | Wisconsin | Wyoming
Toggle Cost
On average, Toggle charges around $151 per year for a renters insurance policy, which is lower than the national average of $169, based on data from Quadrant Information Services. The insurer charges slightly higher rates in some states, such as Georgia, likely because of an increased risk of natural disasters. Other providers also charge higher rates in Georgia based on our research.
However, the actual amount you will pay for renters insurance differs based on several factors, such as your location, amount of coverage, credit score, claims history and more. Based on our 2023 Pollfish survey of 1,000 renters nationwide, most of Toggle’s customers make monthly payments and reported being satisfied with the cost.
Cost by Personal Property
Toggle offers different coverage limits for each personal item rather than a single limit that covers your personal property as a whole. When getting a quote, you can choose the desired coverage limit of specific items and see how it affects your overall cost.
Cost by State
Your location will affect how much you pay for a renters policy, as each area has a different level of risk. For instance, Toggle charges a higher rate for a standard policy in California, based on our review, likely because of the risk of fires, earthquakes and extreme weather events.
Cost by Claims History
Although your past claims can generally affect your policy cost, Toggle does not ask you to provide information about your claims history when you get a quote.
Cost by Credit Score
Toggle does not ask for your credit score or Social Security number during the quote process. This is unlike most insurers that consider your credit history when calculating your premium.
Discounts
Toggle does not advertise any discounts for its renters insurance on its website. However, you can contact the company directly and ask if any local or national discounts apply to you.
Toggle Coverage Options
Toggle differs from other renters insurance companies by offering three subscriptions or plans with varying coverage levels: Basic, Standard and Premium. The Basic plan includes liability and limited personal property coverage, while the other two tiers include higher levels of protection. The insurer also lets you customize your coverage details during the quote process.
Since Toggle includes individualized coverage for your items, rather than your personal property as a whole, our team could not determine general policy limits. However, our 2023 survey showed that most renters choose $30,000 in personal property coverage and a $1,500 deductible.
Before you choose your coverage amount, assess your situation and opt for a policy that offers sufficient financial protection. The Insurance Information Institute's recommendations can help you understand how much coverage you may need.
Endorsement Options
Toggle offers many additional coverage options compared to other major renters insurance providers. You can generally add these endorsements to your policy:
- Pet parent: This coverage protects against damage caused by your pets and helps cover related costs.
- Replacement cost: This endorsement can help you replace damaged items based on the current market value, without considering depreciation over time.
- Temporary living costs: If your home becomes uninhabitable because of a covered loss, you can get reimbursed for the cost of a hotel stay and other living expenses.
- Side hustle: If you run a small business, this endorsement can cover damage to your equipment or tools. This coverage might also pay for related costs because of a covered damage claim.
- Identity protector: This coverage can help you cover the costs of identity fraud, including legal expenses and lost wages.
- Significant other: This add-on lets you add your significant other to your renters insurance policy.
Toggle Quote Process
Toggle lets you start the online quote process when you provide your name, date of birth and address. It will ask if you want a Basic, Standard or Premium package. Once you choose your level of coverage, you can customize the policy by adjusting your coverage limits. As you adjust coverage, you can look at how the changes affect your premium.
Once you choose your coverage caps, you can evaluate different endorsements to tailor your policy. Finally, Toggle will ask about your pets and when you want the policy to start. You begin coverage by paying for the plan.
Toggle vs. the Market
We compared Toggle with other major insurers in the industry to show how it differs based on cost, customer satisfaction and other related factors. This comparison will help you understand your options and choose the right one.
| Key Metrics | Toggle | Lemonade | Liberty Mutual |
|---|---|---|---|
| Average monthly premium | $12.59 | $13.33 | N/A |
| Satisfaction rate* | 75% | 92% | 93% |
| NAIC complaint score | 3.67 | 2.68 | 3.12 |
| Natural disasters endorsement | No | No | Yes |
| Standard coverage | Actual cash value | Actual cash value | Actual cash value |
*Satisfaction rate is based on the percent of customers who claimed to be satisfied with Toggle in our February 2024 survey of 1,000 policyholders nationwide.
Toggle might offer you the same rates as its competitors because its basic coverage also starts at $5 a month. However, Toggle has lower customer support scores based on our analysis of J.D. Power surveys. It also received a high number of complaints for a company of its size considering the National Association of Insurance Commissioners (NAIC) complaint index. Unlike Liberty Mutual, Toggle does not offer endorsements for natural disasters.
Frequently Asked Questions About Toggle Renters Insurance
Toggle has been around since 2018. It’s a part of the Farmers Insurance Group, with its headquarters located in Los Angeles, Calif.
You can get Toggle renters insurance by filling out a short form on the company’s website. It will ask you for information related to your property, household and personal details. You can begin coverage after making an online payment.
Toggle provides renters insurance in Texas. You can begin the policy sign-up process by providing your name, address and date of birth on the insurer’s website.
You can cancel your Toggle insurance policy by logging into your account online and selecting the “Cancel Policy” option.
