What Is The Average Cost Of Renters Insurance? 
Most people can buy a basic Renter 's Insurance policy for about $ 12.00 / month . The rates are affected by where you live , how much personal property you own , and your credit -LRB- good credit and you will pay less , bad credit and you will pay more -RRB- . I have seen policies for as little as $ 55.00 / year , but it 's worth asking about options and endorsements that will broaden your coverage , like Identity Theft coverage . 