How Much is Renters Insurance?

How much is renters insurance depends on where you live and the coverage amounts. The average cost of renters insurance ranges from $10 to $22 a month. But again, it depends on where you live and the coverage’s on the policy.

How Much Does Renters Insurance Cost?

The cost of renters insurance is affected by several factors. The two factors that are general and no related to you personally, is your location and the amount of coverage. Other factors that might affect the cost of renters insurance for you is your credit, claims history, and available discounts.

Get a Renters Insurance Quote

Get a renters insurance quote from the best insurance companies in your area. See what the cheapest renters insurance is for you and which company it is with. Getting a competitive quote for renters insurance has never been easier.

Average Cost of Renters Insurance by State

The national average price of renters insurance is around $180 per year. This can vary drastically depending on where you live and the amount of coverage though. The top 5 most expensive states for renters insurance are Mississippi, Oklahoma, Alabama, Louisiana, and Texas. The top 5 cheapest states for renters insurance are Nebraska, Minnesota, Wisconsin, South Dakota, North Dakota. Find out what the average cost of renters insurance is in your state:

  • Mississippi: $258/year ($22/month) which is 43% higher than national average.
  • Oklahoma: $236/year ($20/month) which is 31% higher than national average.
  • Alabama: $235/year ($20/month) which is 31% higher than national average.
  • Louisiana: $235/year ($20/month) which is 31% higher than national average.
  • Texas: $232/year ($19/month) which is 29% higher than national average.
  • Georgia: $219/year ($18/month) which is 22% higher than national average.
  • Arkansas: $212/year ($18/month) which is 18% higher than national average.
  • Tennessee: $199/year ($17/month) which is 11% higher than national average.
  • Massachusetts: $194/year ($16/month) which is 8% higher than national average.
  • New York: $194/year ($16/month) which is 8% higher than national average.
  • Connecticut: $192/year ($16/month) which is 7% higher than national average.
  • Florida: $188/year ($16/month) which is 4% higher than national average.
  • South Carolina: $188/year ($16/month) which is 4% higher than national average.
  • West Virginia: $188/year ($16/month) which is 4% higher than national average.
  • New Mexico: $187/year ($16/month) which is 4% higher than national average.
  • Hawaii: $185/year ($15/month) which is 3% higher than national average.
  • California: $182/year ($15/month) which is 1% higher than national average.
  • Michigan: $182/year ($15/month) which is 1% higher than national average.
  • Rhode Island: $182/year ($15/month) which is 1% higher than national average.
  • Arizona: $178/year ($15/month) which is 1% lower than national average.
  • Nevada: $178/year ($15/month) which is 1% lower than national average.
  • Ohio: $175/year ($15/month) which is 3% lower than national average.
  • Indiana: $174/year ($15/month) which is 3% lower than national average.
  • Missouri: $173/year ($14/month) which is 4% lower than national average.
  • Kansas: $172/year ($14/month) which is 4% lower than national average.
  • Kentucky: $168/year ($14/month) which is  7% lower than national average.
  • Illinois: $167/year ($14/month) which is 7% lower than national average.
  • Alaska: $166/year ($14/month) which is 8% lower than national average.
  • New Jersey: $165/year ($14/month) which is 8% lower than national average.
  • Oregon: $163/year ($14/month) which is 9% lower than national average.
  • Washington: $163/year ($14/month) which is 9% lower than national average.
  • Maryland: $161/year ($13/month) which is 11% lower than national average.
  • Colorado: $159/year ($13/month) which is 12% lower than national average.
  • Delaware: $159/year ($13/month) which is 12% lower than national average.
  • Washington, DC: $158/year ($13/month) which is 12% lower than national average.
  • Pennsylvania: $158/year ($13/month) which is 12% lower than national average.
  • North Carolina: $157/year ($13/month) which is 13% lower than national average.
  • Vermont: $155/year ($13/month) which is 14% lower than national average.
  • Idaho: $153/year ($13/month) which is 15% lower than national average.
  • Virginia: $152/year ($13/month) which is 16% lower than national average.
  • Utah: $151/year ($13/month) which is 16% lower than national average.
  • Maine: $149/year ($12/month) which is 17% lower than national average.
  • New Hampshire: $149/year ($12/month) which is 17% lower than national average.
  • Wyoming: $147/year ($12/month) which is 18% lower than national average.
  • Montana: $146/year ($12/month) which is 19% lower than national average.
  • Iowa: $144/year ($12/month) which is 20% lower than national average.
  • Nebraska: $143/year ($12/month) which is 21% lower than national average.
  • Minnesota: $140/year ($12/month) which is 22% lower than national average.
  • Wisconsin: $134/year ($11/month) which is 26% lower than national average.
  • South Dakota: $123/year ($10/month) which is 32% lower than national average.
  • North Dakota: $120/year ($10/month) which is 33% lower than national average.