How Much Does Renter’s Insurance Cost?

A renter’s insurance policy is similar to a homeowner’s policy; however, unlike a homeowner’s policy where the entire home and land is protected in case of any damages, it will only cover the possessions within the home.  Because of this, a renter’s insurance policy will cost significantly less than a homeowner’s policy.  The cost of these insurance policies will depend on the coverage value, geographical location of the rental, deductible, the type of home and company issuing the policy.

How much is renters insurance per month?

Factors that influence the cost:

What are the extra costs?

What is going to be included?

What Renter’s Insurance Covers…
Ice, snow or sleet
Sudden tearing
Falling Objects
Sudden water damage

Tips to know:

How can I save money?


Average Reported Cost: $0

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Less Expensive $1 $1.5K $3K $5K $6.5K More Expensive $8k

How much did you spend?

Was it worth it?  

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