Approximately How Much Does Renters Insurance Cost? 
Renters Insurance is one of the most cost effective insurance plans available . Typical policies that my agency writes are in the $ 12 to $ 15 per month range . There are several factors that can increase or decrease a policy premium , such as the amount of personal property coverage required , if the applicant is a smoker or not , if the applicant owns specific animal breeds , if there is a swimming pool and if it is fenced or not , the claims history of the applicant , and several other factors . There are also a wide range of discounts that can be applied depending on how many policies the insured has with the same insurance company -LRB- auto , home , life , business , etc. -RRB- , in some cases the education and/or employment type can also generate a discount . I highly recommend obtaining at least 2 or 3 quotes , and not just purchasing based on the lowest price . Make sure you understand what youare purchasing and how the coverage works against the other policies . Just because one policy is less expensive than another does n't mean it is a better purchase . 