Renters Insurance Calculator
Estimate your renters insurance premiums and determine optimal coverage. Renters insurance is one of the most affordable yet essential protections for tenants, typically costing just $15-$30 per month.
Estimate: furniture, electronics, clothes, etc. (typically $20k-$50k)
Replacement cost pays full replacement without depreciation
Jewelry/art over $1,500 typically needs separate coverage
What does renters insurance cover?
Renters insurance covers personal property (furniture, electronics, clothes) from theft, fire, vandalism, and water damage. It also provides liability protection if someone is injured in your rental, additional living expenses if uninhabitable, and medical payments for guest injuries.
How much does renters insurance cost?
Average cost is $15-$30/month ($180-$360/year) for $30,000-$50,000 coverage. Costs vary by location, coverage amount, deductible, liability limits, and building features. Can be as low as $10/month in low-risk areas.
Do I really need renters insurance?
Yes! Your landlord's insurance only covers the building, not your belongings. Your possessions are likely worth $20,000-$50,000+, and liability protection is crucial. Many landlords require it, and it's extremely affordable at $15-$30/month.