Compare Renters Insurance Quotes

The average cost of renters insurance is $18 per month nationally. However, rates fluctuate between $7 and $52 per month, depending on where you live and the company you choose.

The average cost of renters insurance for an apartment is about $19 per month. However, quotes vary based on your coverage limits and deductible.

Renters insurance protects your things and pays the medical bills of others who get hurt in your home. The personal liability portion of your renters insurance can help your landlord avoid a lawsuit if someone is injured in your home.

Unless you live with family members, each roommate generally needs their own renters insurance policy.

Renters insurance is different from homeowners insurance because it doesn't cover the structure of your home. Your landlord or property management company should have a policy covering damage to the structure you're not responsible for.

Most renters insurance companies let you get a policy for less than a year if you have a short-term apartment or need to break your lease early. You can also transfer your policy to a different apartment or buy a one-year policy and cancel it before the end of the term.

Typically, you will get a refund for any extra months you paid for up front. Watch out for the few companies that charge an early cancellation penalty.

Renters insurance generally covers items in a storage unit. The amount of coverage is usually up to 10% of your personal property limit. However, there may be some restrictions depending on your insurance company.

Renters insurance liability coverage usually pays for medical bills if your dog bites someone in your home or on a walk. However, many companies won't cover dog bites if your dog has a history of biting.

In addition, some companies won't cover dog bites for specific breeds. Examples of these breeds include German shepherds, rottweilers and pit bull terriers. These dog breeds aren't more likely to bite, but their bites are more likely to cause severe damage.

A few companies, like State Farm, don't consider your dog's breed. ;