Toggle Renters Insurance Review (2023)

• Our rating: 3.7 out of 5 stars
• Year founded: 2018
• J.D. Power rating: 792 out of 1,000* (rating is for Farmers Insurance Group)
• AM Best rating: A** (rating is for the Farmers Insurance Group)
• State availability: 29 states

*J.D. Power rating reflects Farmers Insurance Group.

**AM Best rating accurate as of July 2023 and reflects Farmers Insurance Group.

Toggle renters insurance is available in 29 states: Arizona, Arkansas, California, Colorado, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Minnesota, Michigan, Mississippi, Missouri, New Jersey, Nebraska, New Mexico, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia and Wisconsin.

The company is expanding to more states soon, according to its website.

Toggle costs $12.50 per month for its standard plan, which is slightly lower than the average cost of renters insurance at $15. However, how much your policy costs will depend on your chosen plan and customization options. If you don’t customize one of Toggle’s premade plans, here is the base rate you will pay per month:

• Basic Plan: $5 per month
• Standard Plan: $12.50 per month
• Premium Plan: $25.25 per month

Your policy details also affect your monthly premium. Toggle lets you choose $100,000, $200,000, or $300,000 worth of liability coverage and a $100, $250, $500, or $1,000 deductible. Choosing a higher liability coverage option and/or a lower deductible will increase your monthly premium.

Adding some of Toggle’s customization options to your policy will also increase your monthly premiums. For example, if you choose the highest coverage option of $10,000 for each of the personal property coverage options and $300,000 worth of liability coverage, you’ll wind up paying $35 per month.

Although Toggle’s rates are standard, many other companies’ premiums vary by policy. Several factors can impact the renters insurance quotes you receive, including the following:

• Location: The location of your rental home affects premium costs in several ways. First, local crime rates directly impact the risk of theft and vandalism. The prevalence of natural disasters can also increase premiums.
• Personal property value: How much stuff you have impacts the cost to insure it. As a general rule, selecting higher personal property coverage limits will increase your premium. Toggle offers the ability to customize which categories of property you want extra coverage for, which is useful if you have collectibles or expensive sports equipment.
• Coverage levels: Your coverage levels impact premiums beyond personal property coverage. For example, adding protection against flooding or increasing liability insurance will generally increase your insurance rates. Toggle doesn’t charge extra for flood or earthquake protection, which is an especially attractive feature of its policies.
• Add-ons: You can usually add extra coverage, such as for flooding or specific items, to a renters policy for an additional charge. For example, Toggle offers a Pet Parent add-on to help pet owners manage associated risks.
• Deductible: A deductible is how much you must pay out of pocket before your insurance policy takes over. With most insurance policies, a higher deductible will equal lower premiums. Keep in mind that you must pay the deductible amount in a covered event.
• Available discounts: Many renters and homeowners insurance companies offer discounts, such as for bundling renters and car insurance policies. Toggle does not offer policy discounts at this time, but it does offer several opportunities to save when shopping with partner companies.
• Credit score: How you manage your finances affects insurance rates. Maintaining a high credit score is one of the best ways to get low rates when requesting quotes.
• Claims history: Individuals with multiple claims are more likely to file a claim in the future. This increases insurance company risk and can raise your premiums.

Toggle Discounts

Toggle renters insurance doesn’t advertise policy discounts, but it does provide a few ways for policyholders to save.

• With the declining deductible discount, your policy deductible will go down each year you remain claim free with Toggle.
• Policyholders receive discounts on products and services when shopping with partner companies.

Toggle’s standard renters insurance policy includes the following coverages:

• Personal property: A basic plan includes $1,000 of personal property coverage, but you can customize limits to meet your needs. Toggle includes coverage for flooding and earthquake damage (except in California).
• Liability: You’ll get $100,000 in personal and renter’s liability coverage with Toggle’s basic plan.
• Medical payments: This insurance pays for medical care if someone sustains minor injuries in your rental unit.

Additional Coverage

You can also choose to add the following coverage with Toggle renters insurance:

• Identity Protector: Add this coverage to turn on credit monitoring and access professional assistance if you fall victim to identity theft.
• Temporary living costs: Toggle’s temporary living costs coverage helps you pay for temporary housing if your rental requires repairs after a covered event.
• Pet Parent: Toggle’s Pet Parent feature covers everything related to having a pet, including carpet damage and dog bites.
• High-value items: You can choose individual coverage amounts for different categories of personal property, such as computers, sports equipment, collectibles or jewelry. This feature allows you to increase coverage only in areas where you need it.
• Side hustle: Choose this unique add-on that provides business property and loss-of-income coverage for your side gig.

Toggle is a new insurance company that began offering renters insurance coverage within the last few years. As such, it does not have verifiable reviews on trusted third-party sites, such as Trustpilot and the Better Business Bureau (BBB).

Toggle renters insurance received a higher-than-expected number of complaints to the National Association of Insurance Commissioners in 2020 and 2021 (complaint indices of 20.96 and 19.17, respectively, for those years). However, it received no complaints in 2022, indicating a positive trend in official complaints filed against the company as it grows.

Toggle is relatively new to the renters insurance market. It offers three levels of renters insurance coverage that you can customize to meet your personal needs. Toggle also includes extra benefits, including coverage for flood and earthquake damage, as part of its standard policies. Add-ons, including for side hustles, pet damage and identity theft, are attractive features.

Toggle is a good choice if you want customizable coverage, have a pet or run a side hustle from your rental home. However, basic coverage limits are pretty low at $1,000 in personal property with the base plan, so you may consider upgrading to a higher level or adding category-specific coverage for high-value items.

In addition to renters insurance, Toggle also offers home, pet and car insurance policies within select markets. While it does not offer a bundling discount at this time, Toggle’s declining deductible feature reduces your policy’s deductible amount for each year you remain claims-free.

Not sure if Toggle is right for you? Request and compare quotes from our other top-rated renters insurance providers, including Lemonade, State Farm and Allstate.