Why Every Renter Needs Insurance and How to Get It for Under $20/Month

The Most Underrated Insurance Policy

Only about 55% of renters have renters insurance. That means millions are one fire, theft, or lawsuit away from financial disaster. The irony is that it is one of the cheapest coverages you can buy.

What It Covers

Your landlord insurance does NOT cover your belongings. Renters insurance covers personal property, liability, additional living expenses, and medical payments for guests.

How Affordable Is It?

Average cost is $15-$30/month for $30,000-$50,000 in personal property coverage and $100,000 in liability. Many insurers offer lower rates when bundled with auto.

How to Get the Best Rate

Compare 3-5 quotes, bundle with auto, choose a higher deductible, install security features, and sign up for paperless billing and autopay.