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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 $14 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 2012 premiums.

Also visit: Renters Insurance Q&A

State 2012 Average Premium 2012 Rank
Alabama $239 3
Alaska $161 33
Arizona $195 17
Arkansas $215 9
California $207 12
Colorado $169 29
Connecticut $196 15
Delaware $153 40
D.C. $164 32
Florida $217 8
Georgia $226 6
Hawaii $221 7
Idaho $157 36
Illinois $171 27
Indiana $182 21
Iowa $147 45
Kansas $174 25
Kentucky $171 27
Louisiana $242 2
Maine $149 43
Maryland $160 34
Massachusetts $206 14
Michigan $207 12
Minnesota $149 43
Mississippi $244 1
Missouri $182 21
Montana $145 46
Nebraska $150 41
Nevada $193 18
New Hampshire $150 41
New Jersey $166 31
New Mexico $183 20
New York $211 11
North Carolina $134 48
North Dakota $115 51
Ohio $185 19
Oklahoma $234 4
Oregon $168 30
Pennsylvania $156 37
Rhode Island $182 21
South Carolina $196 15
South Dakota $118 50
Tennessee $212 10
Texas $228 5
Utah $145 46
Vermont $154 39
Virginia $158 35
Washington $173 26
West Virginia $176 24
Wisconsin $130 49
Wyoming $156 37
United States $187 N/A

Additional Information
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