$12/mo
From, based on average shoppers
Value for money
Customer service
Claims handling
“Cheapest national rate + best bundle discount with auto.”
4.7/5
892 reviews
Compare renters insurance
Compare Renters Insurance Quotes From $10/mo (2026)
Real binding quotes from top carriers in 2 minutes. Most renters find a $15/mo policy that covers $30K of personal property + $100K liability.
4.7/514,000+ reviewsTrustpilot
Updated May 21, 2026 · Methodology
Top renters carriers — average monthly rates ($30K PP / $100K liability)
| Carrier | Avg monthly | Deductible | Best for |
|---|---|---|---|
| $12 | $500 | Overall cheapest + auto-bundle |
| $14 | $500 | Local-agent support |
| $15 | $500 | Custom PP limits |
| $16 | $500 | Digital experience |
| $17 | $500 | Apartment buildings |
| $18 | $500 | AARP / 55+ |
- CarrierAvg monthly$12Deductible$500Best forOverall cheapest + auto-bundle
- CarrierAvg monthly$14Deductible$500Best forLocal-agent support
- CarrierAvg monthly$15Deductible$500Best forCustom PP limits
- CarrierAvg monthly$16Deductible$500Best forDigital experience
- CarrierAvg monthly$17Deductible$500Best forApartment buildings
- CarrierAvg monthly$18Deductible$500Best forAARP / 55+
Updated May 21, 2026Why you can trust Insurances Quote ›
MA
Written by
Marcus Allen
Senior Editor
SC
Edited by
Sarah Chen
Editorial Director
PW
Reviewed by
Dr. Patricia Wong
Insurance Industry Analyst
DP
Data review
David Park
VP of Data Science
Why you can trust this comparison:Median binding-grade quotes from 95K shopper-submitted renters-insurance comparisons through Insurances Quote (Jan 2024 – May 2026).
Renters insurance is the most under-bought line in personal lines — only about 41% of U.S. renters carry it. The reason isn’t cost (median $15/month) but inertia. The product is one of the highest-ROI insurance purchases you can make: a single covered loss (theft, fire, guest injury) easily exceeds a decade of premiums.
Quick facts
- 85%+ of binding-grade renters quotes in our network land between $10 and $22/month.
- Bundling with auto saves 5–8% on both lines (vs. 12–25% for home bundling).
- Liability coverage in renters insurance is what most shoppers under-prioritize — even $300K is cheap.
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What renters insurance actually covers
A standard HO-4 policy covers four things:
- Personal property — clothing, electronics, furniture, kitchen items.
- Liability — injury you cause others, damage to others’ property (or your landlord’s).
- Loss of use — hotel, food, incremental costs if your unit becomes uninhabitable.
- Medical payments to others — small medical bills for guest injuries.
What it doesn’t cover: the building itself (landlord’s policy), floods (separate), earthquakes (separate in earthquake states).
Top renters carriers
$14/mo
From, based on average shoppers
Value for money
Customer service
Claims handling
“Strong agent support; aggressive auto-bundle pricing.”
4.5/5
648 reviews
$15/mo
From, based on average shoppers
Value for money
Customer service
Claims handling
“Customize personal property in $1K increments.”
4.3/5
584 reviews
$16/mo
From, based on average shoppers
Value for money
Customer service
Claims handling
“Best app experience; digital-first claims.”
4.4/5
512 reviews
$17/mo
From, based on average shoppers
Value for money
Customer service
Claims handling
“Apartment-building-specific endorsements.”
4.4/5
438 reviews
$18/mo
From, based on average shoppers
Value for money
Customer service
Claims handling
“AARP-eligible renters get age-banded discounts.”
4.5/5
294 reviews
MA
Expert Tip
Marcus Allen
Senior Editor
Right-sizing your renters policy is the move most shoppers skip. $30K personal property is the default for a reason — most one-bedroom apartments fit. But if you have a finished home office, hobby gear, or high-value items, walk your apartment with the camera roll first. The number is often higher than people guess.
Compare renters in 4 steps
- 1Enter ZIP
Determines carriers writing in your area.
- 2Set coverage
Default $30K PP / $100K liability; raise as needed.
- 3Compare
Side-by-side binding quotes.
- 4Bind
Same-day binding is standard for renters policies.
Renters insurance: worth it?
Pros
- Median $15/mo — cheapest property+liability product in personal lines.
- Liability coverage alone justifies it (esp. with pets, guests).
- Off-premises coverage extends to belongings while traveling/in storage.
- Bundling with auto saves on both lines.
Cons
- Won't cover the building itself.
- Doesn't cover roommate's belongings.
- Default sub-limits on jewelry/electronics often inadequate — scheduled property endorsement needed.
- Some claims (small theft, water damage) often net-negative after premium increases.
Frequently asked questions
Is renters insurance required?
Often by landlords, occasionally by state. Even when optional, the math on $15/mo vs. replacing your stuff out-of-pocket is overwhelmingly favorable.
Does my roommate need their own policy?
Yes — a renters policy only covers the named insured(s). Roommates need their own.
Does renters insurance cover my stuff outside the apartment?
Yes — off-premises coverage extends to your belongings while traveling, in your car, or in storage. Usually at 10% of personal property limit.
Will my premium go up if I file a claim?
Usually yes — especially for theft or water damage. A small claim can sometimes cost more in future premium than it pays out.
How quickly can I bind a renters policy?
Same day. Most carriers can issue a policy effective immediately upon binding, so you can satisfy lease requirements quickly.
Sources
- Insurance Information Institute — Renters Insurance
- NAIC — Renters Insurance Consumer Guidance
- U.S. Census Bureau — Renter Demographics
Methodology
Rates from 95K shopper-submitted renters-insurance binding quotes through Insurances Quote (Jan 2024 – May 2026), normalized to $30K personal property / $100K liability / $500 deductible.
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Is Renters Insurance Worth It?
The math, plainly.
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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.