The National Association of Insurance Commissioners reported in its 2019 rate review, which looked at data from 2017.
That the average renters insurance rate in the United States was $180 per year.3 At just $15 per month, renters insurance is one of the most affordable types of insurance you can buy.
The amount of your deductible can have a big effect on how much your policy costs.
For instance, the difference between a $500 deductible and one that is $1,000 could be as much as 25%.
The region, coverage amounts, deductible, and other policy options all have an impact on actual costs.
You should be able to get multiple choices with varying levels of coverage and premiums from your insurance agent.
