- Michigan renters averaged $25.10 per month for coverage in September 2025 — the highest in the nation.
- Georgia followed at $21.09, while Florida averaged $17.47.
- By contrast, states such as Pennsylvania ($9.95) and New York ($7.72) were among the lowest.
But the story isn’t just about who pays the most. Year-over-year trends reveal a clear divide:
- New York premiums rose 10.3% compared with September 2024.
- Texas and Pennsylvania fell, with drops of 3.9% and 7.8%, respectively.
- Florida, despite being disaster-prone, dipped slightly at 2.8% year-over-year.
What’s Driving the Shifts?
Experts point to a mix of factors: regional weather risks, insurer underwriting changes, and differences in housing stock. “People don’t usually think much about renters insurance, and they expect prices to be stable,” said Vincent Wei, CEO of SafeButler. “But our numbers show big differences depending on where you live. Michigan is the most expensive, New York is rising fast, and Texas is going the other way. Location makes a bigger difference than many renters realize.”
Why This Matters
Renters insurance covers losses from fire, theft, water damage, and liability. SafeButler’s analysis shows that renters may not realize how much location, property type, and building size influence the offers they receive.
- In single-family rentals, premiums trend higher than in apartments.
- Younger renters (ages 18–24) often pay close to the same average as older groups, despite owning fewer valuables.
For additional guidance and resources, visit SafeButler’s renters insurance guide.
About the Data
This release draws on SafeButler’s analysis of a sample of over 150,000 real renters insurance quotes across 45 U.S. states between March 2024 and September 2025. All quotes are anonymized and reflect live offers generated for consumers on SafeButler’s platform.
Disclaimer: This analysis is provided for informational purposes only. Figures reflect a sample of quotes from SafeButler’s platform and may not represent all renters insurance policies available in the market. SafeButler makes no guarantees about individual pricing or availability.
About SafeButler
SafeButler is a leading renters insurance comparison platform that makes it easy for consumers to shop and save — without spam or unwanted calls. The platform works with top carriers nationwide to deliver real quotes in seconds, helping renters make smarter coverage decisions. Learn more at www.safebutler.com.
Media Contact
SafeButler PR Team, SafeButler, 1 6502720108, [email protected], https://www.safebutler.com
SOURCE SafeButler
Alice J. Roden started working for Trending Insurance News at the end of 2021. Alice grew up in Salt Lake City, UT. A writer with a vast insurance industry background Alice has help with several of the biggest insurance companies. Before joining Trending Insurance News, Alice briefly worked as a freelance journalist for several radio stations. She covers home, renters and other property insurance stories.