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Homeowners Insurance Quick Links

Did You Know?

Colorado is in the
top 10 states with catastrophe-related homeowners insurance claims.

Cost of Renters Insurance

Pizza...Movie Tickets...Renters Insurance...
What do these things have in common? They all cost as little as $16 bucks a month. Of course, renter's insurance is the only one that will pay to replace all of your personal stuff that is damaged or destroyed by a fire, windstorm or sudden water damage like a burst pipe.

You may not realize that your landlord's insurance only covers the building, NOT your belongings. Think about how expensive it would be to pay out of pocket for new furniture, electronics, clothes, etc. Renters insurance is a cheap investment for peace-of-mind that when the unthinkable happens you're covered.

Renters Insurance Covers:

  • Replaces personal belongings up to policy limits.

  • Provides legal protection if someone sues you, such as if your dog bites someone.

  • Most policies include additional living expenses (also called loss-of-use coverage), if you are forced by fire or other damage to live elsewhere.

  • Flood coverage is available to renters as a separate policy.

Ask about discounts for buying renter's insurance with the same company as your car insurance.

Cost of Renters Insurance by State

The following chart is based on the latest data from the National Association of Insurance Commissioners on 2015 premiums.

Also visit: Renters Insurance Q&A

State 2015 Average Premium 2015 Rank
Alabama $242 3
Alaska $172 27
Arizona $191 17
Arkansas $235 6
California $202 10
Colorado $166 31
Connecticut $201 12
Delaware $156 35
D.C. $158 34
Florida $195 15
Georgia $226 7
Hawaii $201 12
Idaho $155 37
Illinois $173 26
Indiana $183 22
Iowa $146 47
Kansas $177 25
Kentucky $172 27
Louisiana $249 2
Maine $147 45
Maryland $161 33
Massachusetts $196 14
Michigan $203 9
Minnesota $144 48
Mississippi $262 1
Missouri $180 21
Montana $147 45
Nebraska $149 43
Nevada $189 19
New Hampshire $150 42
New Jersey $171 29
New Mexico $191 17
New York $202 10
North Carolina $154 39
North Dakota $114 51
Ohio $185 21
Oklahoma $242 3
Oregon $166 31
Pennsylvania $156 35
Rhode Island $179 24
South Carolina $192 16
South Dakota $121 50
Tennessee $210 8
Texas $241 5
Utah $149 43
Vermont $155 37
Virginia $153 40
Washington $169 30
West Virginia $186 20
Wisconsin $132 49
Wyoming $153 40
United States $188 N/A

Additional Information
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