After reviewing more than 20 providers operating throughout the city, the MarketWatch Guides team named Lemonade, Toggle and State Farm as the best renters insurance providers in Chicago. With an average price of $16.45 per month, renters insurance in Chicago is more expensive than in similarly large metropolitan areas such as Phoenix and San Francisco. Read on to learn more about renters coverage, how to save on costs and what endorsements you might need based on risk factors in the city.