Compare Renters Insurance
Finding the right renters insurance starts with comparing quotes. MoneyGeek helps renters shop for the best coverage by analyzing pricing, coverage options and customer satisfaction at both national and local levels.
Find out if you're overpaying for renters insurance below.
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Find the Cheapest and Best Renters Insurance for Your Needs
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.
Renters Insurance Calculator
MoneyGeek's renters insurance calculator will give you a customized estimate of your renters insurance costs.
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Rates updated:
Mar 11, 2025
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Compare Renters Insurance in Your State
Renters insurance rates vary by state due to factors like crime rates, weather risks, and local insurance regulations. While the national average is around $15 per month, costs can be significantly higher or lower depending on where you live. Shopping locally helps you find the most affordable provider in your area. Use MoneyGeek’s analysis to compare the cheapest renters insurance options in each state and get the best coverage for your budget.
| Alabama | $672 | $56 |
| Alaska | $220 | $18 |
| Arizona | $527 | $44 |
| Arkansas | $515 | $43 |
| California | $424 | $35 |
| Colorado | $256 | $21 |
| Connecticut | $454 | $38 |
| Delaware | $327 | $27 |
| District of Columbia | $460 | $38 |
| Florida | $819 | $68 |
| Georgia | $591 | $49 |
| Hawaii | $388 | $32 |
| Idaho | $303 | $25 |
| Illinois | $345 | $29 |
| Indiana | $364 | $30 |
| Iowa | $216 | $18 |
| Kansas | $264 | $22 |
| Kentucky | $312 | $26 |
| Louisiana | $644 | $54 |
| Maine | $300 | $25 |
| Maryland | $412 | $34 |
| Massachusetts | $506 | $42 |
| Michigan | $471 | $39 |
| Minnesota | $339 | $28 |
| Mississippi | $722 | $60 |
| Missouri | $327 | $27 |
| Montana | $371 | $31 |
| Nebraska | $341 | $28 |
| Nevada | $308 | $26 |
| New Hampshire | $242 | $20 |
| New Jersey | $427 | $36 |
| New Mexico | $261 | $22 |
| New York | $361 | $30 |
| North Carolina | $557 | $46 |
| North Dakota | $223 | $19 |
| Ohio | $414 | $34 |
| Oklahoma | $527 | $44 |
| Oregon | $337 | $28 |
| Pennsylvania | $514 | $43 |
| Rhode Island | $572 | $48 |
| South Carolina | $471 | $39 |
| South Dakota | $229 | $19 |
| Tennessee | $407 | $34 |
| Texas | $425 | $35 |
| Utah | $223 | $19 |
| Vermont | $281 | $23 |
| Virginia | $404 | $34 |
| Washington | $276 | $23 |
| West Virginia | $264 | $22 |
| Wisconsin | $205 | $17 |
| Wyoming | $200 | $17 |
Compare Renters Insurance by Company
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 find the best insurer for your needs.
Compare Renters Insurance: Factors to Consider
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? | How Deductibles Affect Renters Insurance Costs
Property and Pet Considerations
The type of rental you live in impacts costs—mobile homes often require specialized policies. 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, which can dictate the minimum coverage you 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 | What Is Loss of Use Coverage?
Research 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
Buyer's Guide to Comparing 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.
- 1
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.
- 2
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.
- 3
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 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.
Compare Renters Insurance: FAQs
Below are the most common questions about shopping for renters insurance. Click on each question to learn more about what kind of coverage you need, how to find the best rate and more.
About Nathan Paulus
Nathan Paulus is the Head of Content Marketing at MoneyGeek, with nearly 10 years of experience researching and creating content related to personal finance and financial literacy.
Paulus has a bachelor's degree in English from the University of St. Thomas, Houston. He enjoys helping people from all walks of life build stronger financial foundations.