Average Cost of Renters Insurance in 2026
The U.S. median renter pays $15/month for $30K personal property + $100K liability. Range from $10/mo (cheapest states) to $25/mo (most expensive).
Updated May 21, 2026 · Methodology
| Coverage tier | Avg monthly | Avg annual | YoY change |
|---|---|---|---|
| $30K PP / $100K liability | $15 | $180 | +5.2% |
| $50K PP / $300K liability | $22 | $264 | +4.8% |
| $100K PP / $500K liability | $36 | $432 | +4.2% |
- Coverage tier$30K PP / $100K liabilityAvg monthly$15Avg annual$180YoY change+5.2%
- Coverage tier$50K PP / $300K liabilityAvg monthly$22Avg annual$264YoY change+4.8%
- Coverage tier$100K PP / $500K liabilityAvg monthly$36Avg annual$432YoY change+4.2%
- Median U.S. renters premium: $15/mo. Cheapest state (Oregon): $11/mo. Most expensive (Louisiana): $22/mo.
- Renters insurance is the cheapest property+liability product in personal lines.
- Bundling with auto saves 5–8% on both lines.
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| State | Avg monthly | Notes |
|---|---|---|
| Oregon | $11 | Low theft + low CAT |
| Wisconsin | $12 | Stable rate market |
| Pennsylvania | $13 | Wide carrier choice |
| New York | $15 | NYC drives the spread |
| California | $17 | Wildfire premium pressure |
| Texas | $14 | Strong agent network |
| Florida | $19 | Hurricane/wind exposure |
| Louisiana | $22 | Highest avg in U.S. |
- StateOregonAvg monthly$11NotesLow theft + low CAT
- StateWisconsinAvg monthly$12NotesStable rate market
- StatePennsylvaniaAvg monthly$13NotesWide carrier choice
- StateNew YorkAvg monthly$15NotesNYC drives the spread
- StateCaliforniaAvg monthly$17NotesWildfire premium pressure
- StateTexasAvg monthly$14NotesStrong agent network
- StateFloridaAvg monthly$19NotesHurricane/wind exposure
- StateLouisianaAvg monthly$22NotesHighest avg in U.S.
Why renters premiums vary by state
Even though the building isn’t your policy’s problem, the carrier’s expected cost of replacing your personal property still varies by state — theft frequency, fire frequency, wind/hail exposure all push the rate.
The good news: even at the high end, renters insurance is the cheapest property-protection product in the personal-lines market. The decision is rarely “should I buy it” — it’s usually “which carrier” and “at what limit.”
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Frequently asked questions
Why is my rate higher than the state average?
How can I lower my premium?
Are rates rising?
Sources
- NAIC — Renters Insurance Database
- Insurance Information Institute — Renters Premium Trends
Methodology
Averages are medians from 95K shopper-submitted renters binding quotes (Jan 2024 – May 2026), normalized to $30K personal property + $100K liability + $500 deductible.
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Advertiser Disclosure
Insurances Quote is an independent insurance marketplace. We are paid by carriers when shoppers switch to a policy we’ve helped match — never by the shopper. We don’t resell your lead data to third-party buyers, and the carrier rankings on this page reflect our composite quality score (35% claims, 30% price, 20% service, 15% digital tools), not paid placement.