We have evaluated the largest renters insurance companies to provide you with average costs. Find out how much renters insurance would cost you.
Company, Best for, Average annual cost, A.M. Best ; Allstate, Older renters, $258, A+ ; American Family, Customer satisfaction, $366, A ; Lemonade, Ease of use, $181, NA ; Liberty Mutual, Bundling, $290, A ; Progressive, Discounts, $272, A+ ; State Farm, Lowest cost, $156, A++ ; USAA, U.S. military and their families, NA, A++ ; Erie, Optional coverages, $276, A+
The average cost of renters insurance is about $148 per year, or $12 per month. Here’s why renters insurance is worth it.
Company ; State Farm ; Westfield ; American Family ; Auto Owners ; USAA* ; Allstate ; Country Financial ; Nationwide
We’ve done the research to help you find out how much renters insurance policy may cost. Read our guide to see factors go into determining the price for a renters policy.
Renters insurance costs about $148 per year or $12 per month, according to NerdWallet’s analysis. Discover the average renters insurance cost in your state.
Find out how much renters insurance costs in 2024 and whether you should be paying less for your policy.
Lemonade Pet Insurance ; Max annual coverage · $5,000 to $100,000 ; Reimbursement rates · 70% to 90% ; Deductible choices · $100, $250, $500, or $750
We break down what renters insurance is, and how much renters insurance you need to potentially cover the damage or theft of your personal property.
Lemonade Renters Insurance: Best Overall ; State Farm Renters Insurance: Best for Cheap Renters Insurance ; Erie Renters Insurance: Best for Discounts