How much does renters insurance cost?

Answer 1

The answer completely depends on where the property is, how big it is, and all other kinds of actuarial data that insurance companies use. It is usually less expensive than both auto and homeowners in the same area. Best thing you can do is pick up the phone and call a few companies. If you don't know you're renting yet, just make up something similar to what you want to rent to get a ballpark number. Insurance agents can give you a quote in five minutes. Call more than one, but if you are comparing, make sure it's for the same coverages and deductibles.

Answer 2

Renter's insurance is available to people in many areas of the country, but it is not available in all areas. Renter's insurance usually covers only the personal possessions of the renter and does not cover any damage to the physical property itself. Insurance costs vary depending on the location of the property and the amount of personal possessions you want to insure. A local agent can give you a close estimate of the costs of insuring an apartment in New York City.