Renters insurance in the U.S. typically costs around 15–25 dollars per month on average, but the exact price depends heavily on where you live, how much coverage you choose, and your deductible.
Typical price range
- Several large analyses put the national average around 14–24 dollars per month (about 170–288 dollars per year) for a standard policy.
- Individual companies and online insurers often advertise averages around 15–23 dollars per month, with some low-end policies starting near 5–10 dollars per month for minimal coverage.
What affects the cost
- Location matters a lot: states with higher risk of theft, fires, or severe weather (like parts of the South) tend to have higher average premiums, while some Midwest and Plains states are on the lower end.
- Coverage choices also change the price: more personal property coverage (for example 40,000 dollars vs 20,000 dollars), higher liability limits, and lower deductibles all increase the monthly cost.
Quick rough estimate for you
- A common “starter” policy (around 20,000–30,000 dollars in personal property coverage and 100,000–300,000 dollars in liability) often lands in the 15–25 dollars per month range for many renters.
- To know your actual cost, most insurers let you get an instant quote online after entering your address, property value estimate, and desired coverage limits.
