Estimate your monthly premium, compare coverage options, and find the best renters insurance discounts across all 50 states. Free, fast, and accurate.
Renters insurance (also called tenant insurance) is one of the most affordable ways to protect your personal belongings and financial future. In 2026, the average renters insurance cost in the United States is approximately $18 to $25 per month, or $210 to $300 per year, according to data from the Insurance Information Institute (III) and the National Association of Insurance Commissioners (NAIC).
Despite the low cost, nearly 60% of renters in the U.S. do not carry renters insurance, often because they mistakenly believe their landlord's policy covers their personal property. This is a costly misconception — a landlord's insurance only covers the building structure, not your furniture, electronics, clothing, or other personal items.
Premiums vary significantly by state due to differences in crime rates, weather risks, cost of living, and state regulations. Renters in Mississippi, Louisiana, and Oklahoma typically pay the highest premiums ($30–$45/month), while renters in Wisconsin, North Dakota, and Idaho enjoy some of the lowest rates ($10–$14/month).
Most insurers offer discounts that can reduce your premium by 15–30% combined: bundling with auto insurance, smoke detectors/security systems, claim-free for 3+ years, annual payment, and alumni/professional associations. Use our Discount Calculator to estimate savings.
Use our free tools to estimate your renters insurance costs, calculate coverage needs, compare deductible options, and find discounts.
Estimate your monthly renters insurance premium based on state, coverage amount, deductible, and liability limits.
Calculate how much personal property and liability coverage you need based on your belongings and lifestyle.
Compare how different deductible amounts affect your premium and find the optimal deductible for your budget.
Estimate the additional cost of adding pet liability coverage to your renters insurance policy.
Renters insurance costs vary by up to 300% between states. Select your state to see average premiums and cheapest companies.
Explore our full suite of free tools designed for U.S. renters:
Estimate monthly premium by state, coverage, deductible, and discounts.