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

Answered by Home Insurance, Car Insurance Expert Shannon on April 7, 2021

"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

Home Insurance, Car Insurance Expert

“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). “


Renters Insurance

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