September 27, 2022
What is the cost of rent insurance? (Updated 2022)

What is the cost of rent insurance? (Updated 2022)

What is the cost of rent insurance?

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What is the cost of rent insurance? The average rental insurance cost in the United States is $ 168 per year, or about $ 14 per month, according to the latest rate analysis by NerdWallet.

This estimate is based on a policy for an estimated 30-year-old tenant with $ 30,000 personal property coverage, $ 100,000 liability coverage, and a $ 500 discount.

The good news about tenants’ insurance costs is that it’s extremely affordable. On average, rental insurance costs about 14 per month which comes to 168 per year.

If you prefer to pay for one year at a time, you may be eligible for a small discount. If you want to go with the same company, you may be able to bundle your insurance with other policies like your car insurance.

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