Renters Insurance

Last updated: December 9, 2025 Recently updated

Renters Insurance Guide

Coverage for personal belongings and liability for apartment or home renters

Not sure what coverage you need? Take our free 2-minute quiz to get personalized insurance recommendations.

What is Renters Insurance?

Renters Insurance provides essential protection for you and your family. Understanding how it works helps you make better coverage decisions.

Key Features

Coverage details and benefits
What’s typically included
Common exclusions to be aware of
Cost factors that affect premiums

Who Needs Renters Insurance?

Learn whether this type of coverage is right for your situation and how to determine the appropriate coverage amount.

How to Choose a Policy

Tips for comparing policies, understanding terms, and finding the best value for your needs.

Frequently Asked Questions

Common questions about renters insurance answered.

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Data Sources

Renters insurance data in this guide come from NAIC (opens in new tab) , Insurance Information Institute (opens in new tab) , and industry reports. Learn more about our data collection methods on our Methodology page.

Frequently Asked Questions

Why do I need renters insurance if I don't own property?

Renters insurance protects your belongings (furniture, electronics, clothing) from theft, fire, and other covered perils—your landlord’s insurance doesn’t cover your stuff. It also provides liability coverage if someone is injured in your rental and loss of use coverage if you need temporary housing.

How much does renters insurance cost?

Renters insurance typically costs $15-30 per month, making it one of the most affordable insurance types. Cost depends on coverage amount, location, deductible, and claims history. Many insurers offer discounts when bundling with auto insurance.

How do I estimate my personal property value for renters insurance?

Walk through your home room by room, listing items and their replacement costs. Include furniture, electronics, appliances, clothing, and valuables. Most renters underestimate—the average renter has $20,000-$30,000 in belongings. Create a home inventory with photos or video for claims.

Property-Casualty by State

Property-Casualty requirements and costs vary significantly by state. Select your state for specific regulations, average premiums, and local resources.