What will renters insurance cost you?
Enter what you own and the coverage you want — the estimate updates instantly.
Annual premium: $193
- Personal property coverage62%
- Liability coverage29%
- Deductible adjustment9%
$30,000 of belongings
$300,000 limit
$500 deductible
average area
0 claims
Illustrative estimate only — not a quote or professional recommendation. Read the full disclaimer.
Trust & methodology
Last reviewed: July 23, 2026
This tool provides an illustrative renters insurance premium estimate based on the generic factors shown below — not a quote from any insurer.
How to use this calculator
Value your belongings
A rough total for furniture, electronics, clothing, and other personal property.
Pick a liability limit
How much coverage you want if someone is injured in your rental or you damage someone else's property.
Set your deductible
What you'd pay out of pocket before coverage kicks in on a claim.
Add location and claims history
Regional risk and any past claims adjust the estimate up or down.
Inputs used
- Personal property value
- Liability coverage limit
- Deductible
- Regional risk
- Claims history (5 years)
Formula basis
- Base = (personal property value × 0.4%) + a flat liability-limit charge
- Annual premium = base × deductible multiplier × regional-risk multiplier × claims-history multiplier
Assumptions and limits
- Generic, publicly-representative rate assumptions — not a filed rate table from any specific insurer
- Does not model scheduled/high-value items (jewelry, art) that often need separate riders
- Flood and earthquake damage are excluded from standard renters policies and are not part of this estimate
Official sources
Frequently asked questions
Most landlords require it, and it's one of the cheapest ways to protect your belongings and cover liability if someone is injured in your rental — often just a few dollars more per month than going without it.
It doesn't cover the building itself (that's your landlord's policy) or damage from floods and earthquakes, which usually require separate coverage.
Insurers weigh the value of belongings you're insuring, the liability limit you choose, your deductible, and location-based risk (theft rates, weather). This calculator mirrors those same generic factors.