Lemonade Renters
Cheapest renters policy for most 20-30-somethings. Full quote and bind in under 3 minutes from the app.
Use this page as a benchmark, not as a guaranteed quote or eligibility promise. The price, rate, fee, coverage, or feature set can change with location, customer profile, promotional timing, scope, and provider terms. Compare the current source disclosure before you buy or sign.
FairPrice Guru keeps the benchmark separate from the provider's marketing. A higher price is not automatically unfair when it buys more coverage or a better scope, and a lower headline price is not automatically better when fees, restrictions, or missing features change the real cost.
Price and terms
- Monthly price: $12
- Annual price: $144
- Deductible: $500
FairPrice score: 91/100
Coverage
$25k personal property + $100k liability
Features
- Instant app quote
- Claim payout in minutes
- $0 deductible option
- Bike & electronics add-on
Pros
- Cheapest for young renters
- App-first experience
- Fast claim resolution
Cons
- Higher price for expensive electronics coverage
- No local agent
Best for
- renters
- young-adults
- budget
- app-first
Official source · Last verified 2026-07-04