Renters Insurance Cost Calculator
About Renters Insurance
Renters insurance is one of the most affordable types of insurance — typically $15–$30 per month — and one of the most overlooked. It covers your personal belongings against theft, fire, and other perils, provides liability protection if someone is injured in your rental unit, and pays for additional living expenses if your unit becomes uninhabitable. Your landlord's insurance only covers the building structure, not your possessions. Even renters with modest belongings benefit significantly from coverage.
Frequently Asked Questions
What does renters insurance cover?
Renters insurance covers personal property damage or theft, personal liability if someone is hurt in your unit, and additional living expenses if a covered event forces you to temporarily relocate.
Is renters insurance required?
Some landlords require tenants to carry renters insurance as a lease condition. Even when not required, it's strongly recommended given the low cost and significant protection it provides.
Does renters insurance cover roommates?
Generally, no. Each roommate should have their own policy unless they are listed as a named insured. Shared policies can lead to claim complications and coverage disputes.
Does my renters insurance cover my car?
No. Renters insurance doesn't cover your vehicle. However, items stolen from inside your car may be covered under the personal property section of your renters policy.
How much personal property coverage do I need?
Create a home inventory listing all your belongings with estimated values. Most renters underestimate their total property value — electronics, furniture, clothing, and jewelry add up quickly.
Results are estimates only. Actual renters insurance premiums vary by insurer, credit score, claims history, and specific policy features. Consult a licensed insurance professional for accurate quotes.