Renters Insurance costs, by state and province

Typical costs for renters insurance per year. Location and coverage limits are the biggest cost drivers. Open a market below for a local estimate.

Renters insurance costs $15 to $30 per month on average, covering personal property and liability. Policies typically offer $10,000 to $30,000 in property coverage. Deductibles range from $500 to $2,000.

What Affects Your Premium

Location, credit score, and coverage limits influence the rate. A policy in a high-crime area may cost $25 to $40 per month, while a low-risk area can be as low as $12.

Coverage Limits and Deductibles

Standard policies provide $15,000 to $30,000 for personal property and $100,000 liability. Raising the deductible from $500 to $1,000 can lower the premium by 10% to 20%.

How to Shop for the Best Rate

Compare quotes from at least three insurers. Bundling with auto insurance often saves $50 to $150 per year. Discounts for security systems and claims-free history can reduce rates further.

Typical Renters Insurance prices
ItemTypical range
Average Monthly Premium$15 - $30
Typical Property Coverage$10,000 - $30,000
Common Deductible Range$500 - $2,000
Bundling Discount (annual)$50 - $150

Every market for renters insurance costs

383 markets have a page, each with a typical range where we have one and plain guidance on what moves the price.

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