Renters insurance 101: A look at costs, coverage Originally published September 16, 2011 at 10:00 pm With students heading back to college, here's a look at the ins and outs of renters insurance.

The average cost of a renters insurance policy in Seattle is about $168 per year. That breaks down to about $14 each month for $30,000 or more in personal property coverage with a $500 deductible.

Renters insurance is a policy that protects tenants from financial losses related to personal property, liability and additional living expenses. A common misconception is that a landlord’s ...

Karr: Renters insurance covers costs based on a “peril.” For example, some policies will exclude dog bites from liability claims.

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 Insurance Commissioners.

The average renters insurance (HO-4) policy costs $170 annually or $14 monthly. On average, renters insurance cost is highest in Mississippi ($222) and lowest in North Dakota ($114).

Despite that fact, only “55 percent of U.S. renters, or 61 million people, currently have renter’s insurance policies”, according to a 2022 survey conducted by the folks at SafeHome.org.

When asked whether he thinks his renters insurance is worth the monthly cost, he said, “I’ve never (had) an issue with it, so honestly, I wish I didn’t have to pay for it ...

Renters insurance is a policy that protects tenants from financial losses related to personal property, liability and additional living expenses. A common misconception is that a landlord's ...

Here are some of the benefits of having renters insurance so you can have a clear understanding of why it might be worth the cost. Also see four times it’s smarter to rent instead of buy a home .