Compare Renters Insurance Quotes
Renters insurance protects your belongings at an affordable rate. Compare quotes from insurers today.
We help you find and understand renters insurance. Getting renters insurance is an affordable way to protect your belongings, but the process can be difficult. We make it easier for you to know what you're getting and how to get it.
The average cost of renters insurance is about $187 per year ($16 per month).
What coverage can you expect at that price?
Personal property coverage
$25,000
This coverage protects your movable goods, from furniture to clothing and electronics. In most cases, renters insurance protects your things wherever you take them.
Liability coverage
$100,000
Renters insurance covers your personal liability as well as your property. This includes medical costs for injured guests and damage to other people's property.
Loss-of-use coverage
$50,000
Sometimes called "relocation expenses" coverage, loss-of-use coverage pays your expenses if your apartment ever becomes inaccessible or unlivable.
Deductible
$500
Your deductible is the minimum amount you must pay before insurance starts covering your claim. Higher deductibles mean lower monthly premiums while lower ones provide better protection.
Find Cheap Renters Insurance Quotes in Your Area
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If you prefer to go with a brand you recognize, we've also reviewed the nation's largest insurance companies on how well they meet renter needs.
Frequently asked questions about renters insurance
How much renters insurance do I need?
Most renters find that $100,000 in liability coverage and $25,000 to $50,000 in property coverage is enough for the full value of their possessions. This much coverage costs an average of $187 per year, depending on your insurer and state.
How much is renters insurance per month?
The average cost of renters insurance is $18 per month nationally. However, rates fluctuate between $7 and $48 per month depending on where you live and the company you choose.
How much is renters insurance for an apartment?
The average cost of renters insurance for an apartment is about $16 per month. An apartment generally costs less to insure than a single-family home. However, quotes vary based on your coverage limits and deductible.
Why does my landlord require me to get renters insurance?
Renters insurance covers your personal belongings and provides medical payments to other people that get hurt in your home. Having renters insurance protects your landlord from being sued if someone is injured on your property.
Unless you live with family members, each roommate generally needs their own renters insurance policy.
Is renters insurance different from homeowners insurance?
Renters insurance is different from homeowners insurance because it doesn't cover the structure of your home. Your landlord or property management company should have an insurance policy that covers damage to the structure that you're not responsible for, like walls, plumbing and electrical wiring. Renters insurance covers your personal property.
Can I get short-term renters insurance?
Most renters insurance companies let you purchase a policy for less than a year if you have a short term apartment or need to break your lease early. You can also transfer your policy to a different apartment, or purchase a one-year policy and cancel it before the end of the term. Typically you will get a refund for any extra premiums you paid. Watch out for the few companies that charge an early cancellation penalty.
Does renters insurance cover items in a storage unit?
Renters insurance generally covers items in a storage unit. The amount of coverage is usually up to 10% of your personal property limit. However, there may be some restrictions depending on your insurance company.
Does renters insurance cover dog bites?
Renters insurance liability coverage usually covers medical bills if your dog bites someone in your home or on a walk. However, many insurers won't cover dog bites if your dog has a history of biting or is a so-called "risky" breed or mix. Examples of these breeds include German shepherds, rottweilers and pit bull terriers.
These dog breeds aren't more likely to bite, but their bites are more likely to cause serious damage. That's why some insurers take the controversial stance of not covering dog bites for certain dog breeds. A few progressive companies like State Farm don't consider your dog's breed when applying for a renters insurance policy or using your liability coverage.
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