Renters Insurance Calculator — How Much Coverage Do You Need?
Most renters guess their stuff is worth "a few thousand dollars" — then list it and find $20–40k. Your landlord's policy covers the building, not one sock of yours. Estimate your real coverage need in a minute.
- Suggested policy amount (rounded up)
- $20,000.00
How this calculator works
- Sum the replacement value of what you own by category, then round up to the next $5,000 policy tier. Renters insurance also includes liability (typically $100k+) and loss-of-use coverage for temporary housing.
- Choose 'replacement cost' over 'actual cash value' — ACV pays your 7-year-old TV's depreciated worth, not what a new one costs.
Frequently asked questions
What does renters insurance actually cost?
Typically $15–25/month for $30k property + $100k liability — often less bundled with auto. It's among the cheapest meaningful insurance that exists.
Does it cover my roommate's stuff?
No — each unrelated roommate needs their own policy. Spouses and dependents share one.
Are expensive items fully covered?
Jewelry, cameras, and instruments have sub-limits (often $1,000–2,500 per category for theft). Schedule high-value items individually — a $50–100/year rider removes the cap and usually the deductible.
Related calculators
Disclaimer: Results are estimates for educational purposes only and are not tax, legal, or financial advice. Tax rules are simplified (credits, phase-outs, and local taxes may not be modeled). Verify important decisions with the IRS, your state tax authority, or a licensed professional.