I Have 2 Roommates In An Apartment. Do All 3 Of Us Need To Get Renters Insurance? 
Renters insurance premiums take into account the value of the property being insured . So your roommates valuables may send your premium up . While a specific dollar amount isnt assigned to each of your valuables , the insurance company will use everything you inventory as insurable to determine the overall price of your policy . So more stuff makes for a higher premium . While you might still think splitting a higher premium is cheaper than paying your own , consider the drama of deciding your portion of the deductible and dividing up the payout . Its most prudent to purchase separate policies in order to keep your finances separate . 