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In 2019, the average cost of renters insurance from asi ®, one of the insurers in progressive ’s network and part of our family of companies, ranged from $10 to $23 per month. Renters insurance rates are fairly inexpensive and generally won’t vary as much as home insurance rates. You may qualify for a discount if you bundle renters. 25 rowsrenters insurance is cheaper than you might think, costing just $14 a month on average.
However, goodcover’s annual premium estimate for a policy with the same terms. The average cost of a renters insurance policy in the u. s. Is $326 a year, or $27 a month. This is for a policy with $40,000 personal property liability and $100,000 liability protection, with a $1,000 deductible. As this is a national average, the cost of your policy depends on your zip code, your renter profile and the amount. Renter’s insurance by state. The national average on your premiums for renters insurance is $168. That comes to around $14 on average per month in a given year. However, state averages are different from this.