While that’s roughly $90 more than the national average, that’s still less than $21 a month. With a standard renters insurance policy, you’ll have coverage for your personal belongings, as well as coverages like personal liability and loss of use.
Keep in mind, though, that if you have certain valuables that need protecting, like a family heirloom or expensive jewelry, a basic renters insurance policy might not cover those, which would mean you’d need to purchase additional coverage.
A lot can happen to you and your belongings that you have no control over. With renters insurance, you’re paying a small monthly cost for something that could end up saving you thousands in the long term if you ever need it.