How Much Does Basic Renters Insurance Cost?

  1. 16470 POINTS
    David Osgood
    Agent, Rural Mutual Insurance Co., Union Grove, WI
    Renters insurance is typically very inexpensive. I have seen coverage be as little as $7.00/mo. The cost for this coverage can vary greatly depending on many different factors, such as the amount of coverage needed, the age of the building being rented, the number of units in the building, and the geographic location of the building just to name a few. To get a better idea of the cost of this coverage, you really need to call your local agent and discuss your needs with them.
    Answered on April 17, 2013
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  2. 16470 POINTS
    David Osgood
    Agent, Rural Mutual Insurance Co., Union Grove, WI
    Basic is a relative term and could many things to many people. In my area, with the carrier that I work with, I have seen a ten thousand dollar base renters policy around eight dollars per month. Please remember every carrier sets its own standards for base coverage and determines it's own pricing model for the coverage it offers. Contact a local agent in your area to determine the coverage offered in your area and the pricing for that coverage.
    Answered on August 27, 2013
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