What is the average cost of renters insurance in the U.S.?

"I want to get an idea of how much I’ll pay for renters insurance so I can plan my budget.

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Shannon Martin
Answered on Apr 07, 2021
Shannon is an expert in personal lines liability insurance with 13 + years of insurance industry experience. She also served as a special insurance liaison to AARP members for 6 of those years. She is a graduate of UL Lafayette and currently resides in NY with her family. Shannon is also an amateur juggler, ukulele player, and is a time travel paradox theory enthusiast.
“Every insurance policy is specific to the property being insured. Even an insurance policy for a specific property can vary greatly based on the type of coverage, policy limits, deductible amounts, and other factors. That being said, the national average for renters insurance annual premiums is around $180. This is based on data from the National Association of Insurance Commissioners (NAIC). “
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