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WebMar 9, 2024 · The average cost of renters insurance is about $18 per month, or $212 per year for a $30,000 policy — about the same as one cup of coffee a week. Compare cheap renters insurance in your area … WebJun 1, 2024 · Most insurance providers offer a minimum of $100,000 in personal liability coverage for renters insurance. However, you usually have the option to raise your coverage limits to $500,000 and sometimes … WebOn most renters policies, personal property coverage limits range between $15,000 and $500,000. Your selected amount should cover the cumulative worth of your belongings (creating a home inventory may help determine how much coverage you need); for instance, if you have $30,000 in personal property, you need at least that much in coverage. go back to rangers