Renters Insurance : renters insurance cost – Young Alfred provides a great source for the average cost of renters insurance. The Insurance Information Institute gathers their information largely from the National Association of Insurance
It might be interesting for some to see how averages compare by state. The map below shows the higher cost states in dark blue and the lower costs states in light blue:
The average annual cost of renters insurance across the United States is reportedly $190.
Highest cost state… Mississippi at $262 (really?)
Lowest cost state… North Dakota at $114
As Alfred the Insurance Butler mentions, the cost you pay will be determined in large part on how much Personal Property and Liability coverage you desire.
But as the map shows, the premium is also going to be influenced by where you live.
Best way to find out how much it costs? Contact a local Independent
Agent to shop it
out for you.
Insurance buyers tip… if you buy your tenant insurance along with your auto insurance policy, insurance companies may provide a significant discount on BOTH policies. In many cases the cost of purchasing a renters policy from the same company as your auto policy results in a significantly reduced premium.