How much renters insurance do I need?

Most renters need between $20,000 and $50,000 of personal property coverage plus $300,000 in liability — for under $20/month.

Does renters insurance cover roommates?

No — each roommate needs their own policy. Coverage is tied to the named insured.

Almost always. The cost is small (~$15/month) and it covers theft, fire, water damage, and personal liability.

Renters Insurance

Renters insurance averages $15–25/month and covers theft, fire, water damage, and personal liability. Estimate your premium below.

State

Personal Property Value ($)

Liability Coverage

Deductible

Estimated Premium

$193/yr

$16/month

Base rate$180

State factor×0.96

Property factor×1.00

Liability factor×1.12

Deductible factor×1.00

How much renters insurance do I need?: Most renters need between $20,000 and $50,000 of personal property coverage plus $300,000 in liability — for under $20/month.
Does renters insurance cover roommates?: No — each roommate needs their own policy. Coverage is tied to the named insured.
Is renters insurance worth it?: Almost always. The cost is small (~$15/month) and it covers theft, fire, water damage, and personal liability.