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Renters Insurance Cost Calculator
Estimates based on Insurance.com 2026 state-level pricing data.
See what renters insurance is likely to cost you, based on your state, how much personal property coverage you need, and your liability limit.
Data sourced from Insurance.com
Estimated annual renters insurance cost
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How this is calculated
Source: Insurance.com 2026 state pricing data · Last updated 2026-08-20 · See how we calculate this →
What drives the cost of renters insurance
Renters insurance is one of the cheapest widely-available insurance products, but the price still moves based on a few clear factors: where you live, how much personal property coverage you carry, and your liability limit.
According to Insurance.com's 2026 pricing data, the national average for a policy with $40,000 in personal property coverage and $300,000 in liability protection runs about $288 a year, or roughly $24 a month.
Personal property coverage is the biggest lever. It pays to replace your belongings, furniture, electronics, clothing, kitchenware, if they are stolen, destroyed in a fire, or damaged by a covered peril.
Moving from $20,000 to $60,000 of coverage roughly adds $3.90 to $3.95 for every additional $1,000, according to the same pricing data, a fairly linear relationship. Most renters underestimate how much their belongings would actually cost to replace until they try listing everything out room by room.
Liability coverage protects you if someone is injured in your rental, or if you accidentally damage someone else's property, including the building itself. It is a much smaller cost factor: increasing liability coverage from $100,000 to $300,000 adds only about $18 a year nationally, since liability claims are comparatively rare next to property losses. There is little financial reason to skimp here.
Location matters more for renters insurance than almost any other factor. Insurance.com's state data shows Louisiana and Mississippi pricing well above the national average, driven by hurricane and severe weather exposure, while states like Wyoming and Wisconsin price well below it.
Renters insurance cost estimates also vary more between different data providers than most figures on this site, since insurers weigh local crime rates, weather risk, and building-cost inflation differently, so treat any single number, including this one, as a starting estimate rather than a quote.
The best way to get an accurate number is still a real quote, since your specific building, credit-based insurance score (in states where it is allowed), and claims history all factor in. This calculator is meant to set expectations before you start shopping, not replace a quote.
Frequently asked questions
How much personal property coverage do I actually need?
Add up what it would cost to replace everything you own: furniture, electronics, clothing, kitchenware. Most renters underestimate this until they try to list it out. $20,000 to $40,000 covers a typical one or two bedroom apartment, more if you own higher-value items.
Why is liability coverage so cheap to increase?
Liability claims (someone injured in your rental, or damage you accidentally cause to the building) are rarer and usually cost insurers less per claim than a full property loss, so raising your liability limit adds only a small amount to the premium.
Does renters insurance cover my belongings if they are stolen from my car?
Usually yes, standard renters policies typically cover personal property anywhere in the world, not just inside your unit, subject to your deductible and policy limits. Confirm the specific terms with your insurer.
Why does my state matter so much for the price?
Renters insurance pricing reflects regional risk: severe weather exposure (hurricanes, tornadoes), local theft and crime rates, and the cost of construction/replacement labor in your area. States with higher storm risk, like Louisiana and Mississippi, tend to price noticeably higher than low-risk states.