Renters insurance is already one of the most affordable types of insurance, but many U.S. renters are leaving money on the table by not taking advantage of all available discounts. Most major insurers offer 8 to 12 different discounts, and stacking them can reduce your premium by 15% to 35% — potentially saving you $50 to $150 per year.
This calculator helps you estimate your total discount by selecting all the discounts you qualify for. Based on 2026 data from III and major U.S. insurers.
Always choose "Replacement Cost" coverage (not "Actual Cash Value") to avoid depreciation deductions. It costs only 10%–15% more and pays the full cost to replace your items at today's prices.
Most insurers apply discounts as multiplicative factors, not simple addition. For example, if you qualify for a 10% bundling discount and a 5% security discount, your total discount is not 15% — it is 1 - (0.90 × 0.95) = 14.5%. This is actually slightly better for the policyholder than simple addition.
However, most insurers cap the total discount at 35% to 40%. Even if you technically qualify for 50% in discounts, your premium will not be reduced below 60% of the base rate.
The three discounts that almost every renter qualifies for are:
Use the calculator below to check all the discounts you qualify for, and see your estimated savings. If you find you are missing discounts you should be getting, call your insurer — they will often apply them retroactively.
Based on average monthly premiums for a standard $30,000 personal property / $300,000 liability policy with $500 deductible.
Quotes are estimates. Actual premiums vary by ZIP code, claims history, and credit score. Always compare at least 3 quotes before buying.
Check all discounts you qualify for to estimate your savings.