We have evaluated the largest renters insurance companies to provide you with average costs. Find out how much renters insurance would cost you.
Average cost of renters insurance in the U.S. is between $12 to $18 per month or $148 to $216 per year. Renters insurance ranges from $120 to $200 per year
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.
Company ; State Farm ; Westfield ; American Family ; Auto Owners ; USAA* ; Allstate ; Country Financial ; Nationwide
Lemonade is our pick for the best renters insurance company based on our review of 28 providers nationwide. ; The average cost of renters insurance is $14.08 per month, based on data sourced from Quadrant Information Services. ; Lemonade and State Farm offer some of the lowest prices out of the providers in our review.
The average cost of renters insurance is about $148 per year, or $12 per month. Here’s why renters insurance is worth it.
Best for low rates: Allstate ; Best for speedy approval: Lemonade ; Best for bundling with car insurance: NYCM ; Best for longtime renters: State Farm ; Best for add-ons: Nationwide
Lemonade Renters Insurance: Best Overall ; State Farm Renters Insurance: Best for Cheap Renters Insurance ; Erie Renters Insurance: Best for Discounts
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+
Learn how much renters insurance is, what factors affect its cost and tips to find the right coverage to fit your rental.