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How much is home contents insurance per month?

My parents recommended that I get home contents insurance. How much is home contents insurance per month?

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Bonnie Stinson · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Your parents are right. Home contents insurance is a smart idea and it’s pretty affordable!
Your cost for home contents insurance, aka personal property coverage, will depend on where you live and how much coverage you need.
First, you need to understand that personal property coverage is just one portion of your overall insurance policy.
The average cost of renters insurance is between $10 to $20 per month. Homeowners insurance is higher (around $105 per month) since it includes protection for the physical property (walls, floor, pipes, yard).
This portion of your policy gives you protection for your personal belongings if they are damaged due to
covered perils
.
If you need a lot of coverage, you can increase your limit or add an additional endorsement. This can increase your monthly payment. For instance, you take out a special policy for flood protection if you live in a flood-prone area.
If you have any questions about
renters insurance
or even
car insurance
, reach out to
Jerry
. Our friendly agents are just a text or phone call away! The Jerry app is the fastest way to find a cheap policy, too. You can compare rates and sign up for a plan in seconds.
Hope this was helpful!
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