When I move in, my new landlord will require me to obtain renters insurance. He wants $100,000 in liability coverage—but how much does $100,000 in renters insurance cost?
is relatively inexpensive. A renters policy typically covers:
Personal property: Covers to repair/replace your personal belongings in the event of a named peril
Personal liability: Covers you if you are responsible for somebody else’s injuries/damages
Additional living expenses: Covers hotel expenses if your rented property is rendered uninhabitable
Several factors will influence the cost of your renters insurance coverage, such as:
Your credit history
Where you live
The level of coverage you choose
Potential discounts you’re eligible for
When it’s time to take out your $100,000 in renters insurance, make sure you compare quotes from a few different companies to find the best rate. You can look for renters insurance quotes and make sure you’re not overpaying using
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.