HomeRenters InsuranceStates with the highest renters insurance rates

States with the highest renters insurance rates

9 (tie). Massachusetts

Annual: $194

Monthly: $16

Photo: pikespice/ Wikimedia Commons

9 (tie). New York

Annual: $194

Monthly: $16

Photo: Famartin/ Wikimedia Commons

8. Tennessee

Annual: $199

Monthly: $17

Photo: Farangphoto/Shutterstock.com

7. Arkansas

Annual: $212

Monthly: $18

Photo: Adam schachter/Shutterstock.com

6. Georgia

Annual: $219

Monthly: $18

Photo: Katherine Welles/Shutterstock

5. Texas

Annual: $232

Monthly: $19

Photo: Nick Fox/Adobe Stock

3 (tie). Louisiana

Annual: $235

Monthly: $20

Photo: Ingo70/Shutterstock.com

3 (tie). Alabama

Annual: $235

Monthly: $20

Photo: Allard One/ Shutterstock

2. Oklahoma

Annual: $236

Monthly: $20

Photo: Paul Brady Photography/Shutterstock.com

1. Mississippi

Annual: $258

Monthly: $22

Photo: Ingo70/Shutterstock

Renters insurance in the United States costs an average of $148 annually, or about $12 each month, according to Nerd Wallet, though that number fluctuates depending on where someone lives. While renters insurance doesn’t cover damage to the structure, rates are still largely based upon how prone an area is to natural disasters like severe storms, hurricanes and flooding.

Renters insurance generally includes coverage for liability, the renters’ personal property and additional living expenses that may be incurred if a renter has to leave their unit due to a covered peril. Coverage limits vary policy-to-policy, but it is common for a renter to purchase policies with a threshold somewhere from $100,000 to $300,000.

Insurify compared renters insurance rates across the U.S. to determine how they ranked when it came to the affordability of coverage. Their research found the cheapest states for renters insurance are:

1. North Dakota: $120 annually 2. South Dakota $123 annually 3. Minnesota: $140 annually 4. Nebraska: $144 annually 5. Iowa: $144 annually

In the slideshow above, we’ll look at the ten states where renters can expect to pay the highest premiums for insurance coverage, according to Insurify.


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