How Much Does Renters Insurance Cost?
Updated for 2024 — 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 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 |
| 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.