Renters insurance for a house is roughly $15 per month. However, the cost of renters insurance for your house will depend on three main factors:
- Location: Homes in states prone to natural disasters (like Florida) or with a high crime rate (like Detroit) will cost significantly more to insure.
- Personal Information: Your personal information, like your credit and claims history, will also impact the cost.
- Insurance Policy Coverage: Your quote will factor in the total value of your personal property and the amount of liability coverage you want.
In fact, your property type (whether it’s a house or apartment) is the least important variable when calculating the cost of your policy. However, despite the number of variables that impact the cost, renters insurance for your house will likely be between $10–$30 per month, excluding any extra fees or down payments charged by your insurer. (Some insurers allow you to get renters insurance with no down payment by paying for a full year of coverage upfront or buying from an insurer that never charges additional fees.)
