Estimate your annual premium by state, coverage, and deductible
Estimates built from published 2025 industry averages. Actual quotes depend on credit, claims history, building type, and insurer.
Published 2025 averages for a baseline policy with $30,000 of personal property coverage, $100,000 of liability, and a $500 deductible. Your quote will vary.
| State | Avg Annual Premium | Avg Monthly |
|---|---|---|
| Alabama | $255 | $21 |
| Alaska | $166 | $14 |
| Arizona | $178 | $15 |
| Arkansas | $235 | $20 |
| California | $202 | $17 |
| Colorado | $164 | $14 |
| Connecticut | $180 | $15 |
| Delaware | $159 | $13 |
| District of Columbia | $158 | $13 |
| Florida | $270 | $23 |
| Georgia | $240 | $20 |
| Hawaii | $170 | $14 |
| Idaho | $133 | $11 |
| Illinois | $168 | $14 |
| Indiana | $174 | $15 |
| Iowa | $126 | $11 |
| Kansas | $172 | $14 |
| Kentucky | $168 | $14 |
| Louisiana | $390 | $33 |
| Maine | $149 | $12 |
| Maryland | $190 | $16 |
| Massachusetts | $172 | $14 |
| Michigan | $182 | $15 |
| Minnesota | $140 | $12 |
| Mississippi | $310 | $26 |
| Missouri | $188 | $16 |
| Montana | $146 | $12 |
| Nebraska | $132 | $11 |
| Nevada | $178 | $15 |
| New Hampshire | $145 | $12 |
| New Jersey | $165 | $14 |
| New Mexico | $187 | $16 |
| New York | $190 | $16 |
| North Carolina | $158 | $13 |
| North Dakota | $115 | $10 |
| Ohio | $162 | $14 |
| Oklahoma | $300 | $25 |
| Oregon | $156 | $13 |
| Pennsylvania | $158 | $13 |
| Rhode Island | $182 | $15 |
| South Carolina | $188 | $16 |
| South Dakota | $118 | $10 |
| Tennessee | $200 | $17 |
| Texas | $275 | $23 |
| Utah | $140 | $12 |
| Vermont | $151 | $13 |
| Virginia | $168 | $14 |
| Washington | $158 | $13 |
| West Virginia | $180 | $15 |
| Wisconsin | $122 | $10 |
| Wyoming | $148 | $12 |
Hurricane and severe-weather states sit at the top of the list. Louisiana, Mississippi, Oklahoma, Texas, and Florida all run 38% or more above the $195 national average, while the upper Midwest is the cheapest region in the country.
Renters insurance covers your stuff, not the building. For about $195 a year on average nationwide, a standard policy bundles personal property coverage, liability protection, and additional living expenses if a fire or burst pipe forces you out. This calculator estimates your annual premium from your state and three policy choices, using published 2025 industry averages as the baseline. Your quote will vary.
Every state has a baseline premium for the standard starter policy: $30,000 of property coverage, $100,000 of liability, and a $500 deductible. The calculator scales that baseline by three factors. Property coverage uses 0.55 + 0.45 × (your coverage ÷ $30,000), so doubling your coverage doesn't double the price, because part of every premium is fixed overhead. Liability is cheap to add: $300,000 raises the premium 6% and $500,000 raises it 12%. The deductible works in reverse. Moving from $500 to $1,000 cuts about 8%, and $2,000 cuts about 15%.
Pick your state, then set property coverage to what it would actually cost to replace everything you own. Most renters land between $20,000 and $40,000. Next choose a liability limit ($300,000 is a popular upgrade since it costs so little extra) and the deductible you could comfortably pay out of pocket after a loss. The estimate updates as you type, and the state table above shows where your state sits against all the others.
Say you rent in California with $50,000 of property coverage, $300,000 of liability, and a $1,000 deductible. California's baseline is $202. The property factor is 0.55 + 0.45 × (50,000 ÷ 30,000) = 1.30, so $202 × 1.30 = $262.60. Multiply by the 1.06 liability factor to get $278.36, then by the 0.92 deductible factor for a final estimate of $256 a year, or $21.34 a month. That's 31% above the $195 national average, and almost all of the gap comes from the extra $20,000 of property coverage. Works out to just $5.12 per $1,000 of property protected.
About $16 a month on average nationwide, based on a $195 annual premium for $30,000 of property coverage and $100,000 of liability. Cheap states like North Dakota and Wisconsin run $10 to $11 a month, while Louisiana renters pay closer to $33. Raising your deductible from $500 to $2,000 trims roughly 15% off the bill.
Three things: your personal property (furniture, electronics, clothes) against fire, theft, vandalism, and most water damage; liability if someone is injured in your place or you damage a neighbor's unit, typically $100,000 or more; and additional living expenses like a hotel stay if your apartment becomes unlivable. Floods and earthquakes need separate policies.
No state law requires it, but landlords increasingly do. Many leases make a policy with $100,000 of liability coverage a condition of moving in, and some large property managers won't hand over keys without proof. Even when it's optional, $15 to $20 a month is cheap protection for everything you own.
Walk through your home and add up what it would cost to replace everything: furniture, electronics, clothes, kitchen gear. Most renters land between $20,000 and $40,000, which is why $30,000 is the standard baseline. A studio with modest furnishings might need $15,000, while a family in a three-bedroom can easily top $50,000.
Because you're not insuring the building. Home insurance covers the structure, often $300,000 or more of rebuild cost, while renters insurance covers only your belongings and liability. That's why renters average about $195 a year while homeowners average over $2,300. Your landlord's policy covers the building itself, just not your stuff.