How Much Does Renters Insurance Cost?
Updated for 2026 — national average costs with state-by-state breakdowns
What Does Renters Insurance Include?
Renters insurance protects your personal belongings from theft, fire, and other covered events. It also provides liability coverage and additional living expenses if your rental becomes uninhabitable.
The national average cost for renters insurance is $18 per month. Most homeowners pay between $10 and $35, though costs can vary significantly based on your location, the scope of work, and other factors outlined below.
What Affects the Price?
Coverage
$20K personal property: $12-$20/mo. $50K: $18-$30/mo. $100K: $25-$45/mo
Location
Low-crime area: $10-$20/mo. High-crime urban: $20-$40/mo
Key Cost Factors
- ✓Coverage amount
- ✓Deductible
- ✓Location
- ✓Building type
- ✓Claims history
- ✓Bundling discounts
💡 Tips to Save Money
- 1.Bundle with auto insurance for 10-20% discount
- 2.Raise your deductible to $1,000 to lower premiums
- 3.Most people overestimate coverage needs — inventory your belongings first
- 4.Security features (deadbolts, alarms) can earn discounts
📈 Renters Insurance Cost Trends (2022–2026)
Prices have increased +20.0% over the last 5 years
| Year | National Avg | YoY Change |
|---|---|---|
| 2022 | $15 | — |
| 2023 | $16 | +6.7% |
| 2024 | $17 | +6.3% |
| 2025 | $17 | +0.0% |
| 2026 | $18 | +5.9% |
Based on national averages adjusted for annual inflation. Actual costs vary by location and project scope.
Renters Insurance Cost by State
Costs vary significantly by state due to labor rates, cost of living, and local market conditions. Click any state for a detailed breakdown.
| State | Low | Average | High |
|---|---|---|---|
| Alabama | $8 | $15 | $29 |
| Alaska | $13 | $23 | $45 |
| Arizona | $10 | $17 | $33 |
| Arkansas | $8 | $14 | $28 |
| California | $14 | $24 | $47 |
| Colorado | $11 | $19 | $38 |
| Connecticut | $12 | $22 | $43 |
| Delaware | $11 | $19 | $37 |
| District of Columbia | $13 | $23 | $44 |
| Florida | $10 | $18 | $34 |
| Georgia | $9 | $16 | $32 |
| Hawaii | $14 | $26 | $50 |
| Idaho | $9 | $17 | $32 |
| Illinois | $11 | $19 | $37 |
| Indiana | $9 | $16 | $31 |
| Iowa | $9 | $15 | $30 |
| Kansas | $9 | $15 | $30 |
| Kentucky | $8 | $15 | $29 |
| Louisiana | $9 | $16 | $30 |
| Maine | $10 | $18 | $36 |
| Maryland | $12 | $21 | $40 |
| Massachusetts | $13 | $23 | $46 |
| Michigan | $9 | $17 | $32 |
| Minnesota | $10 | $18 | $36 |
| Mississippi | $8 | $14 | $27 |
| Missouri | $9 | $16 | $30 |
| Montana | $10 | $17 | $33 |
| Nebraska | $9 | $16 | $31 |
| Nevada | $10 | $18 | $36 |
| New Hampshire | $11 | $20 | $39 |
| New Jersey | $13 | $23 | $44 |
| New Mexico | $9 | $16 | $32 |
| New York | $13 | $24 | $46 |
| North Carolina | $9 | $16 | $32 |
| North Dakota | $9 | $16 | $32 |
| Ohio | $9 | $16 | $32 |
| Oklahoma | $8 | $15 | $29 |
| Oregon | $11 | $20 | $39 |
| Pennsylvania | $10 | $18 | $36 |
| Rhode Island | $12 | $21 | $40 |
| South Carolina | $9 | $16 | $30 |
| South Dakota | $9 | $15 | $30 |
| Tennessee | $9 | $15 | $30 |
| Texas | $9 | $17 | $33 |
| Utah | $10 | $17 | $33 |
| Vermont | $11 | $19 | $38 |
| Virginia | $11 | $19 | $37 |
| Washington | $12 | $21 | $40 |
| West Virginia | $8 | $14 | $28 |
| Wisconsin | $9 | $17 | $33 |
| Wyoming | $9 | $17 | $32 |
Frequently Asked Questions
Is renters insurance worth it?
At $15-25/month, it's one of the best insurance values. A single theft or fire could cost thousands to replace your belongings.
🏙️ Renters Insurance Cost by City
Compare renters insurance costs in the most popular US cities:
View all 219 cities →
Related Cost Guides
💬 What Did You Pay?
Real costs reported by homeowners for Renters Insurance
Recent Reports
📐 Renters Insurance Cost Calculator
Get a personalized estimate based on your project details
Compare Insurance Rates
See how much you could save with free quotes from top carriers.
🔍 Compare Insurance Rates
See how much you could save. Compare quotes from top insurance companies in minutes.
* CostWhale may earn a commission. This doesn't affect our pricing data or recommendations.
💰 Get Weekly Cost-Saving Tips
Join 10,000+ smart homeowners. Unsubscribe anytime.