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How much does $300,000 of renters insurance cost?
My new landlord will need me to purchase renters insurance when I move in. She wants $300,000 in renters insurance, but how much does $300,000 in renters insurance cost?
Claire Beaney · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
The average cost for $300,000 in
renters insurance
is roughly $17 per month or $209 per year. That's a pretty reasonable price for the peace of mind that your personal belongings will be covered if they're damaged due to any of the named perils in your policy. That said, the cost of your specific policy depends on a number of factors, including:
- Where you live
- The amount of coverage you select
- The style and construction of your rental property
- Your credit score
Pro tip: Renters insurance is moderately priced and is useful in protecting you and your personal belongings against any named perils in your policy.
View full answer
- Gregory R.
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