Renters Insurance Quotes 2026 | Get Started - NerdWallet
Renters Insurance Quotes
To find the best renters insurance quotes with the right coverage, you’ll need to shop around.
Finding the right renters insurance isn’t just about paying the lowest possible price. It's also about protecting your finances from disasters or lawsuits. Here’s what you should know about renters insurance quotes before you start shopping.
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What you need for a renters insurance quote
Before you start shopping, gather the following information. (If you currently have a policy with another company, you may be able to find some of the info on your declarations page.)
- Basic personal details for everyone on the policy (such as their birthday and Social Security number).
- The rental address and the date you need coverage to begin.
- The approximate value of your personal belongings (use our calculator below to help you estimate this).
- Details about your rental, including how close it is to a fire station and whether it has safety features such as deadbolt locks or burglar alarms.
- Information about previous insurance coverage and claims.
How to get renters insurance quotes
You have several options once you’re ready to buy renters insurance. No matter which one you choose, get at least three quotes so you can see which company offers the best price for your needs.
Carriers
Many insurers offer renters insurance quotes directly to consumers, either online or by phone.- Pros:
- You can contact as many companies as you’d like.
- Online quotes are quick and convenient.
- Cons:
- You’ll have to make multiple calls or enter your info online over and over again.
- Not all insurers offer quotes directly to consumers.
- Pros:
Comparison sites
On a comparison site, you can shop for quotes from multiple insurers at the same time.- Pros:
- You’ll get multiple quotes while entering your information only once.
- Ideal for people who need basic coverage and want to shop online.
- Cons:
- Options are limited to the partners the comparison site works with.
- Not the best option for people with complicated coverage needs.
- Pros:
Agent/broker
An independent agent or broker can shop around with multiple companies on your behalf.- Pros:
- Can give personalized guidance.
- Saves time by shopping for you.
- May offer access to smaller companies you’re not familiar with.
- Cons:
- You’ll usually need to make at least one initial phone call.
- Options are limited to the companies the agent or broker works with.
- Brokers may charge a fee.
- Pros:
How to compare renters insurance quotes
You may be tempted to choose the lowest price and call it a day, but there are a few things you should check first.
Coverage limits and deductibles
Make sure the quotes you’re looking at include the same amount of coverage. For example, one option might be cheaper because it includes only $10,000 of coverage for your belongings, while your other quotes offer $30,000. If $10,000 wouldn’t be enough to replace all your stuff after a fire, the quotes with more coverage might be a better value.
How your belongings are covered
There are two types of coverage a renters insurance company may offer for your belongings: actual cash value and replacement cost.
- Actual cash value coverage pays you the cost of your lost items, minus depreciation.
- Replacement cost coverage pays enough to buy brand-new versions of lost or destroyed items.
The company’s reputation
Read reviews of each company you’re considering. NerdWallet rates renters insurance companies based on factors like consumer complaints, financial strength, and coverage options.
Choosing the right coverage limits
A standard renters insurance policy generally includes three main types of coverage.
Personal property coverage
To choose the right amount of coverage, you’ll need to know how much your belongings are worth.
Additional living expenses
Also known as “loss of use,” this coverage pays if you need to live elsewhere while your home is being repaired after a covered claim.
Liability coverage
Renters liability insurance covers injuries or property damage you're responsible for.
How much is renters insurance?
The average cost of renters insurance is $151 a year, or about $13 a month. Check out the average cost of renters insurance in your state below.
| State | Average annual cost | Average monthly cost |
|---|---|---|
| National average | $151 | $13 |
| Alabama | $203 | $17 |
| Alaska | $101 | $8 |
| Arizona | $176 | $15 |
| Arkansas | $178 | $15 |
| California | $155 | $13 |
| Colorado | $142 | $12 |
| Connecticut | $175 | $15 |
| Delaware | $125 | $10 |
| Florida | $152 | $13 |
| Georgia | $213 | $18 |
| Hawaii | $150 | $13 |
| Idaho | $145 | $12 |
| Illinois | $156 | $13 |
| Indiana | $162 | $14 |
| Iowa | $125 | $10 |
| Kansas | $174 | $15 |
| Kentucky | $141 | $12 |
| Louisiana | $266 | $22 |
| Maine | $106 | $9 |
| Maryland | $161 | $13 |
| Massachusetts | $133 | $11 |
| Michigan | $155 | $13 |
| Minnesota | $150 | $13 |
| Mississippi | $223 | $19 |
| Missouri | $167 | $14 |
| Montana | $189 | $16 |
| Nebraska | $143 | $12 |
| Nevada | $160 | $13 |
| New Hampshire | $129 | $11 |
| New Jersey | $125 | $10 |
| New Mexico | $168 | $14 |
| New York | $125 | $10 |
| North Carolina | $159 | $13 |
| North Dakota | $117 | $10 |
| Ohio | $122 | $10 |
| Oklahoma | $179 | $15 |
| Oregon | $151 | $13 |
| Pennsylvania | $118 | $10 |
| Rhode Island | $143 | $12 |
| South Carolina | $148 | $12 |
| South Dakota | $127 | $11 |
| Tennessee | $170 | $14 |
| Texas | $187 | $16 |
| Utah | $125 | $10 |
| Vermont | $102 | $9 |
| Virginia | $138 | $12 |
| Washington | $130 | $11 |
| Washington, D.C. | $154 | $13 |
| West Virginia | $150 | $13 |
| Wisconsin | $126 | $11 |
| Wyoming | $109 | $9 |
Frequently asked questions
How long does it take to get renters insurance?
It depends on your coverage needs and how you decide to shop. Some insurers can whisk you through an online quote in just a few minutes.
Does getting a renters insurance quote affect my credit?
Getting renters insurance quotes won’t change your credit score. However, poor credit can increase your renters insurance rates in most states.
Why are my renters insurance quotes so high?
Where you live is one of the main factors that determine your renters insurance cost. If you live in an area with a lot of crime or a high risk of storms, you’ll likely pay more.