How much does $100,000 of renters insurance cost?

When I move in, my new landlord will require me to obtain renters insurance. He wants $100,000 in liability coverage—but how much does $100,000 in renters insurance cost?

Claire Beaney · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
The average cost for $100,000 in renters insurance is roughly $13 per month, or $159 per year. Finding
renters insurance
is relatively inexpensive. A renters policy typically covers:
  • Personal property: Covers to repair/replace your personal belongings in the event of a named peril
  • Personal liability: Covers you if you are responsible for somebody else’s injuries/damages
  • Additional living expenses: Covers hotel expenses if your rented property is rendered uninhabitable
Several factors will influence the cost of your renters insurance coverage, such as:
  • Your credit history
  • Where you live
  • The level of coverage you choose
  • Potential discounts you’re eligible for
When it’s time to take out your $100,000 in renters insurance, make sure you compare quotes from a few different companies to find the best rate. You can look for renters insurance quotes and make sure you’re not overpaying using
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Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.

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