Renters Insurance Cost Calculator

Renters insurance is cheap insurance — $150–350/year typical for $30k personal property + liability.

Personal property

Liability coverage

Deductible

Premium per $1k property

Annual premium

$299

Monthly premium

$25

Coverage per dollar premium

1,103

How the math works

Annual = property base + liability adder × deductible credit.

$30k/1k × $8 = $240 + $300k/100k × $25 = $75 = $315 × 0.95 (med deductible) = $299 annual.

How to Use

Enter personal property.
Enter liability coverage.
Enter deductible.
Enter premium per $1k property.
Read annual premium.

Frequently Asked Questions

What's covered?

Personal property: $20–50k typical (clothing, electronics, furniture, jewelry up to limit). Replacement cost vs ACV: replacement ($30–80/yr more) replaces with new equivalent. Liability: $100k–$300k typical (lawsuits if guest injured, accidental damage to others). Loss of use: temporary housing if rental uninhabitable. Optional: high-value items (jewelry, art, instruments) needs scheduled rider. Earthquake, flood: separate. Bundling with auto: 10–20% discount.

How is this insurance cost determined?

Property and liability insurance pricing depends on construction class, occupancy class, sprinkler/alarm, location (CAT exposure: hurricane, earthquake, flood, wildfire), claims history, deductibles, and policy limits. Hard market 2022–2025: rates +20–60%, capacity tighter, deductibles higher. Soft market typical 2010–2019: stable to declining. Underwrite for cycle.

Coverage adequacy?

Property: replacement cost vs ACV, coinsurance penalty if under-insured (80–100% requirement). Business interruption: 12–24 months typical, period of restoration triggers. General liability: $1–2M/$2–4M, umbrella to $5–25M depending on occupancy. Pollution legal liability: critical for environmental-risk assets. Builders risk for construction. Match coverage to actual exposure.

Deductible strategy?

Higher deductibles save 5–25% on premium but require risk capital. Wind/hail named storm deductibles: 2–10% of TIV in CAT zones. All-other-perils: $5–25k typical. Self-insured retention (SIR) for sophisticated operators: $50k–500k. Captive insurance: $1M+ minimum, complex but effective for portfolios. Match deductible to financial strength and risk tolerance.