Most renters insurance projects cost between $120 and $360 per year, with a typical price near $200. Prices vary by state and city, so the range below is a planning guide rather than a quote.
Typical renters insurance cost
$120 – $360
per year · typical $200
A general planning range, not a quotation.
Renters insurance cost breakdown
- Basic coverage$100 – $180typical $140
- Standard$150 – $300typical $200
- High-value items$250 – $500typical $350
What Renters Insurance costs
Annual premium for renters insurance covering personal property and liability. Basic plans start around $120; higher coverage and add-ons increase cost. Average $200/year.
Costs by state
- Alabama
- Alaska
- Alberta
- Arizona
- Arkansas
- British Columbia
- California
- Colorado
- Connecticut
- Delaware
- District of Columbia
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Manitoba
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Brunswick
- New Hampshire
- New Jersey
- New Mexico
- New York
- Newfoundland and Labrador
- North Carolina
- North Dakota
- Northwest Territories
- Nova Scotia
- Nunavut
- Ohio
- Oklahoma
- Ontario
- Oregon
- Pennsylvania
- Prince Edward Island
- Quebec
- Rhode Island
- Saskatchewan
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
- Yukon
Frequently asked questions
What does renters insurance typically cover?
Personal property (theft, fire, some water damage), liability for injuries to others, and additional living expenses.
Is liability coverage included?
Yes, standard policies include $100,000-$300,000 liability. Restaurants or pet injury are covered.
Can I bundle renters and auto insurance?
Yes, most insurers offer a multi-policy discount of 10-20%, saving you money on both.