Renters Insurance Calculator
Estimate the right contents cover, liability cover, and annual premium for your apartment.
How to Size Renters Insurance
Renters insurance is one of the cheapest forms of insurance you can buy — typically $15–$30 per month — but it covers the two risks most renters most underestimate: replacing all their belongings after a fire or theft, and being personally liable when a guest is injured in their home.
What drives your premium
- Contents cover — the largest single driver. Walk your home and total replacement costs honestly.
- City and ZIP — crime, fire, and weather risk vary widely by location.
- Liability cover — going from $100k to $300k usually only costs $1–$3 per month.
- Deductible — higher deductible lowers premium dramatically; pick one you could comfortably pay out of pocket.
- Safety features — smoke alarms, fire extinguishers, and monitored security systems all earn discounts.
Frequently Asked Questions
Your landlord's policy covers the building, not your belongings or your personal liability. Renters insurance covers furniture, electronics, clothes, and bicycles, plus liability cover.
Walk through your home and total replacement cost of furniture, electronics, kitchenware, clothing, and bicycles. Most renters underestimate by 30–40%.
It pays for medical bills and legal costs if a visitor is injured in your home, or if you accidentally damage someone else's property. $100,000 is a common minimum.
Many policies extend cover to items outside the home (off-premises), typically up to 10% of the contents limit. High-value items often need a scheduled rider.
The two biggest drivers are contents cover and city/zip-code risk. Liability cover, deductible, and safety features are smaller adjustments.