Renters insurance costs $10 to $36 per month in 2026
Renters insurance costs $10 to $36 per month in 2026, and a typical price is about $15. MoneyGeek lists $15 a month, or $182 a year. Experian lists $15 per month, or $178 a year. ValuePenguin lists a higher average of $23 per month. Your price depends on your state, how much stuff you own, your deductible, and your credit score.
What price guides say
We checked 4 price guides and read every number on their pages on October 7, 2026. They do not all measure the same thing, so read each line for what it counts.
| Source | What it found |
|---|---|
| ValuePenguin | ValuePenguin lists a US average of $23 per month and a state range of $16 to $36 per month. |
| MoneyGeek | MoneyGeek lists a US average of $15 a month, or $182 a year, and $10 a month at Amica for baseline cover. |
| Forbes | Forbes lists $153 a year for $15,000 of cover, $202 for $30,000, and $269 for $50,000, or about $13 a month for the baseline. |
| Experian | Experian lists an average renters premium of about $15 per month, or $178 per year. |
Renters insurance price by average, state, and cover
| Price type | Price | Source |
|---|---|---|
| US average | $23 per month | ValuePenguin |
| US average | $15 a month, $182 a year | MoneyGeek |
| US average | $15 per month, $178 per year | Experian |
| $15,000 of cover, baseline | $13 a month, $153 a year | Forbes |
| $50,000 of cover | $269 a year | Forbes |
| $100,000 of property cover | $517 a year | MoneyGeek |
| Cheapest states, Montana, North Dakota, Wyoming | $16 per month | ValuePenguin |
| Most costly state, Louisiana | $36 per month | ValuePenguin |
Every number in this table was read on one of the source pages listed at the bottom of this page.
What pushes the price up
| What | Why it matters |
|---|---|
| State | Prices swing by state. ValuePenguin lists $16 per month in Montana, North Dakota, and Wyoming, and $36 per month in Louisiana. |
| Amount of coverage | More coverage for your stuff costs more. MoneyGeek lists $182 a year for $20,000 and $517 a year for $100,000 of property cover. |
| Deductible | A higher deductible lowers your monthly price. MoneyGeek lists $211 a year with a $250 deductible and $169 a year with a $2,000 deductible. |
| Credit score | In many states insurers use credit. MoneyGeek lists $153 a year for excellent credit and $480 a year for poor credit. |
| Insurance company | Companies price the same cover differently. ValuePenguin lists State Farm at $14 per month, Allstate at $23, and American Family at $41. |
What the price includes
A renters policy usually covers your belongings, your liability if someone is hurt in your home, and extra living costs if you cannot stay there after a covered loss. It does not cover the building itself, floods, or earthquakes unless you add them. Valuable items like jewelry may have limits. Ask about replacement cost cover. It does not include tax or extras the provider adds on the day.
Who charges this and how it is billed
Insurance companies sell renters policies directly, through agents, or on websites. Prices are set by each company and vary by state. You pay a premium each month or each year, and some companies add a fee for monthly payments. The company may ask for your address, your things, and in many states your credit. Your landlord may ask for proof of cover, and some leases require a policy. Ask for a written quote and read the limits before you buy.
When you need this
You need renters insurance if you rent and own things you could not replace easily, like a phone, laptop, clothes, and furniture. It also helps if a guest is hurt in your home and you are blamed. Many landlords require it. Your landlord's policy covers the building, but not your stuff.
How to judge your quote
- How much cover for my things, and how much for liability?
- Is it replacement cost or actual cash value for my items?
- What is the deductible, and is there a limit on jewelry or tech?
- Do I get a discount for bundling or paying the year in full?
- Compare the total with the range above: $10 to $36 per month for most people in 2026.
Ways to pay less
- Raise your deductible. MoneyGeek lists $182 a year at a $1,000 deductible and $169 a year at $2,000, compared with $211 at $250.
- Compare several companies. ValuePenguin lists State Farm at $14 per month and American Family at $41, so shop around before you buy.
- Bundle with your car policy. Many companies give a discount when you buy two policies from them. Ask for a bundle quote.
- Buy only the cover you need. Make a list of your things and pick a limit that fits. Forbes lists $153 a year for $15,000 and $269 for $50,000.
- Pay in full if you can. Many companies charge small fees for monthly billing, so ask if paying the year up front lowers your price.
How we got these numbers
The range on this page comes from ValuePenguin, MoneyGeek, Forbes and Experian. We opened each source page and read every number on it on October 7, 2026. Where the sources disagree, the table above shows each one so you can see the spread. These are planning ranges, not quotes. The written price you are given is the real price.
Common questions
How much is renters insurance per month?
MoneyGeek and Experian both list about $15 a month. Forbes lists about $13 a month for $15,000 of cover. ValuePenguin lists a higher average of $23.
How much is renters insurance per year?
MoneyGeek lists $182 a year for $20,000 of property cover. Experian lists $178 a year. Forbes lists $153 for $15,000 of cover and $269 for $50,000.
Which states have the cheapest and most costly renters insurance?
ValuePenguin lists $16 per month in Montana, North Dakota, and Wyoming and $36 in Louisiana. MoneyGeek lists Wyoming at $100 a year and Mississippi at $320.
Which company is cheapest?
ValuePenguin lists State Farm at $14 per month and Lemonade at $16. MoneyGeek lists Amica at $10 a month, or $116 a year, for baseline cover.
Does my deductible change the price?
Yes. MoneyGeek lists $211 a year at a $250 deductible and $182 at $1,000. A $2,000 deductible costs $169 a year.