The national average for a renters insurance policy is about $170 a year, or just over $14 a month. Your premiums will vary depending on where you live, the value of your belongings, your credit ...

For an average cost of less than one dollar per day, renter’s insurance protects the personal property of a renter, as well as offering liability coverage in case of injury lawsuit.

However, data suggests otherwise. In 2021, the average annual premium for renters insurance in the U.S. was $170, approximately $14 per month,” said Ryan Nelson, founder of Property Build.

Average Renters Insurance Costs In the U.S., the average renters insurance policy cost $170 yearly or just over $14 monthly, according to the most recent data from the National Association of ...

However, for states with equal average costs, state property crime rate was used to decide the final rank, as property crime rate and the cost of renters insurance are significantly correlated.

For about the cost of a weekly coffee, you and your belongings could be protected from financial disaster after a covered loss or incident. Learn the insurance 101 of renters insurance.

College students aren’t always required to have renters insurance, but most who have renters insurance say it’s worth the cost, according to an Insurify survey.

On average, it costs $21.67 for a renters insurance policy in Michigan, based on data from Quadrant Information Services. This is higher than the national average cost of $14.08 a month.

However, data suggests otherwise. In 2021, the average annual premium for renters insurance in the U.S. was $170, approximately $14 per month,” said Ryan Nelson, founder of Property Build.