MoneyGeek analyzed thousands of renters insurance quotes across the country to help you find the most affordable and reliable coverage. While the average cost of renters insurance is about $15 per month ($177 per year), actual rates can vary significantly based on your location, coverage limits and insurer.
Compare Renters Insurance
Updated: August 10, 2025
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Compare Renters Insurance in Your State
When comparing renters insurance rates across states, you'll find cost differences due to local crime rates, weather risks, and insurance regulations. While the national average is $15 monthly, your location can significantly impact pricing. Comparing renters insurance quotes from multiple local providers helps you find the most affordable coverage. Use MoneyGeek's state-by-state analysis to compare renters insurance policies and identify the cheapest options for your budget.
| Alaska | $18 | $220 |
| Alabama | $56 | $672 |
| Arkansas | $43 | $515 |
| Arizona | $44 | $527 |
| California | $35 | $424 |
| Colorado | $21 | $256 |
| Connecticut | $38 | $454 |
| District of Columbia | $38 | $460 |
| Delaware | $27 | $327 |
| Florida | $68 | $819 |
| Georgia | $49 | $591 |
| Hawaii | $32 | $388 |
| Iowa | $18 | $216 |
| Idaho | $25 | $303 |
| Illinois | $29 | $345 |
| Indiana | $30 | $364 |
| Kansas | $22 | $264 |
| Kentucky | $26 | $312 |
| Louisiana | $54 | $644 |
| Massachusetts | $42 | $506 |
| Maryland | $34 | $412 |
| Maine | $25 | $300 |
| Michigan | $39 | $471 |
| Minnesota | $28 | $339 |
| Missouri | $27 | $327 |
| Mississippi | $60 | $722 |
| Montana | $31 | $371 |
| North Carolina | $46 | $557 |
| North Dakota | $19 | $223 |
| Nebraska | $28 | $341 |
| New Hampshire | $20 | $242 |
| New Jersey | $36 | $427 |
| New Mexico | $22 | $261 |
| Nevada | $26 | $308 |
| New York | $30 | $361 |
| Ohio | $34 | $414 |
| Oklahoma | $44 | $527 |
| Oregon | $28 | $337 |
| Pennsylvania | $43 | $514 |
| Rhode Island | $48 | $572 |
| South Carolina | $39 | $471 |
| South Dakota | $19 | $229 |
| Tennessee | $34 | $407 |
| Texas | $35 | $425 |
| Utah | $19 | $223 |
| Virginia | $34 | $404 |
| Vermont | $23 | $281 |
| Washington | $23 | $276 |
| Wisconsin | $17 | $205 |
| West Virginia | $22 | $264 |
| Wyoming | $17 | $200 |
Renters Insurance Company Comparison
Choosing the right renters insurance provider involves more than just comparing prices. MoneyGeek’s expert reviews evaluate top insurance companies based on affordability, coverage options, customer satisfaction and claims experience. Explore our in-depth reviews to compare companies and find the best insurer for your needs.
Renters Insurance Comparison Considerations
Renters insurance costs depend on several factors, including coverage limits, deductibles and property type. Understanding these elements helps you find a policy that balances affordability and protection.
Coverage and Deductibles
Higher coverage limits lead to higher premiums, but they provide greater financial protection. Consider how much coverage you need for personal property, liability, and additional living expenses to avoid underinsuring yourself. A higher deductible lowers your premium but increases out-of-pocket costs in a claim.
Read More: How Much Is Renters Insurance for $100,000 in Coverage | How Much Is $300,000 in Renters Insurance?
Property and Pet Considerations
The type of rental property impacts costs, as apartments, houses, condos, and mobile homes each present unique risk factors to insurers. Additionally, pet ownership may increase your premium, particularly for breeds classified as high-risk.
Read More: Renters Insurance for Mobile Homes | Understanding Pet Liability in Renters Insurance
Landlord Requirements and Additional Coverage
Some landlords require renters insurance, and often there is a minimum coverage you will need. If you live in a flood-prone area or want extra protection, consider flood insurance and loss of use coverage for added security.
Read More: How Much Renters Insurance Should a Landlord Require? | Flood Insurance for Renters
Compare Costs, Discounts & Compare Providers
Renters insurance rates vary by location, insurer, and coverage choices. Shopping around and looking for bundling options or discounts can help lower costs. Reviewing market trends and comparing top insurers ensures you get the best deal.
Read More: Renters Insurance Statistics and Trends | Renters Insurance Calculator
How To Compare Renters Insurance
Renters insurance is an affordable way to protect your belongings and cover unexpected costs. Follow these steps to compare policies and find the best coverage at the right price.
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Understand What Renters Insurance Covers
Renters insurance typically covers personal property, temporary living expenses, and liability protection. However, it doesn’t cover the physical structure of your rental or damage from floods, earthquakes, or pests. Make sure you understand what renters insurance does and does not cover before purchasing a policy. Whether you're renting an apartment or another type of home, coverage applies to protect your belongings. If you have a pet, consider checking whether your policy includes pet liability coverage.
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Determine How Much Coverage You Need
Assess the value of your belongings and choose coverage that adequately protects them. Creating a home inventory and saving receipts can help estimate costs. If you’re a student or new renter, you may need less coverage, but it’s still important to evaluate your needs. Learn more about how much renters insurance you should get. If you're a student, check out renters insurance for college students to see what type of coverage fits your situation.
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Compare Renters Insurance Quotes
Rates vary based on location, coverage limits, and insurer. The best way to save money is by comparing renters insurance quotes from multiple providers. The average cost of renters insurance is around $13 per month, but shopping around and using can help you find even lower rates.
- 4
Evaluate Policies Beyond Price
A cheaper policy isn’t always better. Compare coverage limits, deductibles, and customer satisfaction ratings to ensure you’re getting the best value. The most reliable renters insurance providers offer affordable rates, strong financial stability, and excellent claims service.
Renters Insurance: FAQ
Below we summarized other frequently asked questions and answers related to renters insurance in the articles below:
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.