If the thought of another $100-plus monthly expense is keeping you from buying renters insurance, you should know a renters insurance policy isn’t likely to cost nearly that much.
The average cost of renters insurance in the U.S. was $188 a year, or just over $15 a month, in 2015 per data from a 2017 report by the National Association of Insurance Commissioners (NAIC), ranging from a high of $262 to a low of $114.
Given that your neighborhood and building type can influence your premiums, it stands to reason the cost of renters insurance varies dramatically across state lines. Keep in mind, though, pricing gets more granular than that, and the cost of renters insurance can also vary dramatically across any given state.
Image Credit: SolisImages.
Alabama
Average renters insurance premium: $242
Image Credit: Sean Pavone.
Alaska
Average renters insurance premium: $172
Image Credit: Chilkoot.
Arizona
Average renters insurance premium: $191
Image Credit: Davel5957/istockphoto.
Arkansas
Average renters insurance premium: $214
Image Credit: Sean Pavone.
California
Average renters insurance premium: $202
Image Credit: Davel5957.
Colorado
Average renters insurance premium: $166
Image Credit: ” Adventure_Photo.
Connecticut
Average renters insurance premium: $201
Image Credit: Getty.
Delaware
Average renters insurance premium: $156
Image Credit: Getty.
District of Columbia
Average renters insurance premium: $158
Image Credit: Frontpage/shutterstock.
Florida
Average renters insurance premium: $195
Image Credit: Sean Pavone/istockphoto.
Georgia
Average renters insurance premium: $226
Image Credit: SeanPavonePhoto.
Hawaii
Average renters insurance premium: $201
Image Credit: Art Wager.
Idaho
Average renters insurance premium: $155
Image Credit: knowlesgallery.
Illinois
Average renters insurance premium: $173
Image Credit: DepositPhotos.com.
Indiana
Average renters insurance premium: $183
Image Credit: f11photo.
Iowa
Average renters insurance premium: $146
Image Credit: Getty.
Kansas
Average renters insurance premium: $177
Image Credit: Getty.
Kentucky
Average renters insurance premium: $172
Image Credit: traveler1116/istockphoto.
Louisiana
Average renters insurance premium: $249
Image Credit: Sean Pavone/shutterstock.
Maine
Average renters insurance premium: $147
Image Credit: Getty.
Maryland
Average renters insurance premium: $161
Image Credit: Getty.
Massachusetts
Average renters insurance premium: $196
Image Credit: DepositPhotos.com.
Michigan
Average renters insurance premium: $203
Image Credit: Getty.
Minnesota
Average renters insurance premium: $144
Image Credit: GeorgePeters/istockphoto.
Mississippi
Average renters insurance premium: $262
Image Credit: Sean Pavone/istockphoto.
Missouri
Average renters insurance premium: $180
Image Credit: TriggerPhoto/istockphoto.
Montana
Average renters insurance premium: $147
Image Credit: YinYang.
Nebraska
Average renters insurance premium: $149
Image Credit: ChrisBoswell/istockphoto.
Nevada
Average renters insurance premium: $189
Image Credit: DepositPhotos.com.
New Hampshire
Average renters insurance premium: $150
Image Credit: DenisTangneyJr.
New Jersey
Average renters insurance premium: $171
Image Credit: DenisTangneyJr/istockphoto.
New Mexico
Average renters insurance premium: $191
Image Credit: Davel5957.
New York
Average renters insurance premium: $202
Image Credit: Eloi_Omella.
North Carolina
Average renters insurance premium: $154
Image Credit: ” Darwin Brandis”.
North Dakota
Average renters insurance premium: $114
Image Credit: DenisTangneyJr/istockphoto.
Ohio
Average renters insurance premium: $185
Image Credit: Ron_Thomas/istockphoto.
Oklahoma
Average renters insurance premium: $242
Image Credit: DepositPhotos.com.
Pennsylvania
Average renters insurance premium: $156
Image Credit: Pgiam/istockphoto.
Rhode Island
Average renters insurance premium: $179
Image Credit: SeanPavonePhoto/istockphoto.
South Carolina
Average renters insurance premium: $192
Image Credit: Joesboy.
South Dakota
Average renters insurance premium: $121
Image Credit: Getty.
Tennessee
Average renters insurance premium: $210
Image Credit: Swarmcatcher.
Texas
Average renters insurance premium: $241
Image Credit: DenisTangneyJr.
Utah
Average renters insurance premium: $149
Image Credit: ” 4kodiak”.
Vermont
Average renters insurance premium: $155
Image Credit: ” DonLand”.
Virginia
Average renters insurance premium: $153
Image Credit: Sean Pavone/shutterstock.
Washington
Average renters insurance premium: $169
Image Credit: 4nadia.
West Virginia
Average renters insurance premium: $186
Image Credit: Getty.
Wisconsin
Average renters insurance premium: $132
Image Credit: FierceAbin.
Wyoming
Average renters insurance premium: $153
Want to learn more about renter’s insurance? Here’s a guide to what renters insurance does (and doesn’t) cover.
This article originally appeared on Policygenius and was syndicated by MediaFeed.org.
Image Credit: WitGorski/shutterstock.
