10 Reasons You Should Always Get Renters Insurance

The cost of renters insurance policies varies by location, but it is typically very affordable. According to Insurance.com, the national average yearly cost is $326, or about $27 a month, for a policy with coverage of $40,000 for personal property, a $1,000 deductible, and $100,000 of liability protection. Costs will vary based on your coverage limits, deductible, and credit history.