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Renters Insurance

Renters coverage starting at $9/month

Coverage for stolen, damaged, or destroyed personal belongings — fast.

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What's included

  • Personal property protection
  • Liability coverage included
  • Loss-of-use coverage
  • Discounts when bundled with auto
$120
Average customer savings

What's included

Everything you need from renters coverage

Personal property protection

Liability coverage included

Loss-of-use coverage

Discounts when bundled with auto

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If you rent your apartment or home, your landlord's insurance does not cover your personal belongings. Renters insurance is one of the most affordable and overlooked types of coverage — typically costing just $9–$20 per month — yet it protects everything you own against theft, fire, and other covered losses. Covrable helps you find the cheapest renters insurance quotes from top-rated carriers fast.

What Does Renters Insurance Cover?

Renters insurance covers your personal belongings against damage or theft, provides liability protection if someone is injured in your rental, and covers additional living expenses if your unit becomes uninhabitable due to a covered event like a fire. It protects items inside your home as well as belongings stolen from your car or while traveling. Standard policies cover perils like fire, smoke, theft, vandalism, and water damage from burst pipes — but not flooding.

How Much Does Renters Insurance Cost?

Renters insurance is remarkably affordable — the national average is just $15–$20 per month for $30,000 in personal property coverage and $100,000 in liability. Rates depend on your location, coverage limits, deductible, and whether you bundle with auto insurance. Bundling renters and auto insurance can save you an additional 5–15% on both policies.

Do I Really Need Renters Insurance?

If you own furniture, electronics, clothing, or any personal items of value — yes. Without renters insurance, if your apartment burns down or gets broken into, you'd have to replace everything out of pocket. The average renter owns $30,000–$50,000 in personal belongings. At $15/month, renters insurance is one of the best value purchases in personal finance. Many landlords now require it as a condition of your lease.

What is Liability Coverage in Renters Insurance?

The liability portion of your renters policy protects you if someone is injured in your rental or if you accidentally damage someone else's property. For example, if a guest slips and falls in your apartment and sues you, your renters liability coverage would pay for their medical bills and your legal defense up to your policy limit. Standard policies include $100,000 in liability — consider $300,000 if you want broader protection.

FAQ

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