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How to Compare and Choose a Renters Insurance Provider The average cost of renters insurance is about $42 a month, but the price of a renters policy can vary, and it shouldn’t be the only thing you take into consideration when picking a renters insurance provider. You’ll also need to consider how much coverage you need when comparing renters insurance providers. A standard renters insurance policy will cover personal property, personal liability, loss of use, medical payments and legal fees if someone is injured on your property, and additional expenses for relocation. When you’re shopping for renters insurance quotes, make sure to enter the same limits of each type of coverage to get an accurate comparison.

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