If you’re renting a home or apartment, renters insurance is one of the smartest—and most affordable—ways to protect your belongings. But with so many options available, you might be wondering: How much does renters insurance cost in 2025? Let’s break it down so you can get the best coverage at the best price.
What Is Renters Insurance?
Renters coverage protects your personal property from theft, fire, water damage, and more. It also includes liability coverage in case someone is injured in your rental space. While landlords have insurance for the building, it doesn’t cover your stuff—so that’s where a renters policy steps in.
How Much Is Renters Insurance Per Year?
In 2025, the average cost of a renters policy in the U.S. ranges from $150 to $250 per year, or around $12 to $21 per month. But this number can vary widely depending on where you live and the amount of coverage you need.
So if you’re asking, “How much is renters insurance per year?” — the answer depends on a few important variables.
Factors Affecting Renters Insurance Cost
When comparing premiums, here are the key factors affecting cost:
- Location – Big cities or areas with high crime rates often have higher premiums.
- Coverage amount – More coverage = higher cost.
- Deductible – A higher deductible can lower your premium.
- Credit score – Insurers often use your credit history to determine your rate.
- Claims history – Past claims can lead to higher premiums.
State-by-State Renters Insurance Cost (2025)
The cost of renters coverage can differ dramatically by state. For example:
- California: ~$200/year
- Texas: ~$300/year
- Florida: ~$320/year
- New York: ~$220/year
- Ohio: ~$330/year
This is why a renters coverage price comparison is so important before buying a policy.
Compare Providers
Let’s look at a few of the best renters insurance providers in 2025:
- Known for: fast online quotes and claims
- Coverage starts at just: $60/year
- Great for: tech-savvy renters
- GEICO Renters Insurance
- Known for: bundling with auto insurance
- Average cost: ~$160/year
- Great for: current GEICO auto policyholders
- State Farm Insurance
- Known for: personalized service
- Average cost: ~$180/year
- Great for: people who prefer working with agents
- Progressive Renters Insurance
- Known for: flexible policies and discounts
- Average cost: ~$175/year
- Great for: bundling and custom plans
These companies offer a variety of options, so it’s smart to compare renters insurance quotes from each before choosing.
Finding Cheap Renters Coverage Online
Looking for a cheap renters policy online? Use comparison tools like InsuRabbit.com to get renters insurance quotes in minutes. Make sure to compare coverage—not just price. The cheapest policy might not offer the protection you need.
Still, there are plenty of affordable options that provide excellent value.
What Does Renters Insurance Cover?
In 2025, most policies cover:
- Personal property (furniture, clothes, electronics)
- Liability protection
- Additional living expenses (like hotel stays if your rental becomes uninhabitable)
Be sure to ask providers for specifics as coverage can vary slightly between companies.
Is Renters Insurance Worth It in 2025?
Absolutely! For the cost of a few cups of coffee each month, renters insurance can save you thousands in unexpected losses. So if you’re wondering, “Is renters insurance worth it?” — the answer is a clear yes.
Final Thoughts
The cost of a renters policy is still very affordable, especially when you consider the peace of mind it brings. Whether you go with Lemonade renters insurance, GEICO, State Farm, or Progressive, make sure you evaluate coverage limits, deductibles, and customer service.
