State, Average annual cost (NerdWallet), Average annual cost (Turtlemint) ; Alabama, $183, $184 ; Alaska, $101, $102 ; Arizona, $169, $170 ; Arkansas, $225, $226 ; California, $182, $183 ; Colorado, $132, $133 ; Connecticut, $152, $153 ; Delaware, $153, $154 ; Florida, $152, $153 ; Georgia, $194, $195 ; Hawaii, $154, $155 ; Idaho, $131, $132 ; Illinois, $146, $147 ; Indiana, $149, $150 ; Iowa, $110, $111 ; Kansas, $169, $170 ; Kentucky, $141, $142 ; Louisiana, $253, $254 ; Maine, $123, $124 ; Maryland, $151, $152 ; Massachusetts, $140, $141 ; Michigan, $137, $138 ; Minnesota, $125, $126 ; Mississippi, $252, $253 ; Missouri, $167, $168 ; Montana, $160, $161 ; Nebraska, $135, $136 ; Nevada, $152, $153 ; New Hampshire, $115, $116 ; New Jersey, $132, $133 ; New Mexico, $154, $155 ; New York, $170, $171 ; North Carolina, $162, $163 ; North Dakota, $119, $120 ; Ohio, $124, $125 ; Oklahoma, $210, $211 ; Oregon, $146, $147 ; Pennsylvania, $124, $125 ; Rhode Island, $141, $142 ; South Carolina, $148, $149 ; South Dakota, $131, $132 ; Tennessee, $152, $153 ; Texas, $173, $174 ; Utah, $131, $132 ; Vermont, $110, $111
If you’ve ever wondered how much renters insurance policy you need we help how to calculate how much coverage you may need for each component.
We have evaluated the largest renters insurance companies to provide you with average costs. Find out how much renters insurance would cost you.
Learn how much renters insurance is, what factors affect its cost and tips to find the right coverage to fit your rental.
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+
You host a party in your rented home. A guest slips in your bathroom, hits her head on the edge of the tub, and is rushed to the hospital. ; While visiting the home of an acquaintance, you accidentally knock over and break an expensive porcelain vase. ; Your rambunctious five-year-old dumps a milkshake on a new laptop on display in an electronics store, destroying it.
How much renters insurance you need depends on you and your lifestyle, not just the requirements of your lease.
#1 · State Farm · #2 · USAA · #3 · Lemonade · #3 · American Family · #5 · Erie Insurance ; #5 · Allstate · #5 · Liberty Mutual · #8 · Farmers · #8 · Progressive · #8 · Nationwide
is much cheaper than the cost of homeowners insurance.[1] But renters insurance premiums depend on multiple factors, including your location, policy limits, claims history, and credit...
COVERAGE AMOUNT, ANNUAL COST ; $15,000, $173 ; $30,000, $227 ; $50,000, $305