average cost of renters insurance per month
Further, the cost of renter's insurance depends on the insurance company selected. According to Independent Insurance Agents & Brokers of America (IIAB), the average cost for renter's insurance is about $12 per month for $30,000 worth of property coverage and $100,000 of liability coverage. renter can choose to insure only certain items and leave others uninsured. Even if the renter has $45,000 worth of possessions, he does not have to use that value as the policy coverage amount. He may instead decide to insure them for only $20,000 or $30,000, which would hold down the cost of the policy.