Renters Insurance By The Numbers

National average burglary rate 3.76 per 1,000 people

National average home value $269,000

National average home insurance cost $1,211 year

Full analysis of weather, property crime rates and insurance costs in your city.

  • National yearly average: $188
  • Florida yearly average: $208 

The average cost for renters insurance across the United States is $188 per year, but Florida renters pay a bit more, with an average of $208 per year. Make sure you're getting the best rate on renters insurance by comparing quotes from several companies before you purchase a policy.

Many renters assume that they don't need insurance. After all, the landlord probably already has a homeowners insurance policy in place for the property. However, Florida renters insurance is crucial because the landlord's insurance covers only the actual building or the property that your landlord owns. None of your personal belongings will be covered if there's a fire, flood or robbery. Renters insurance is designed to protect your personal property and to safeguard you from liability for injuries or damage that happen on your watch.

Here's what your renters insurance does for you:

  • Pays for someone else's injuries or property damage when it's your fault. Example: You accidentally cause water damage that spreads to neighboring units.
  • Pays for repairs to your belongings. Example: Someone breaks into your apartment and steals your brand-new TV.
  • Pays for temporary living expenses when your home is damaged. Example: You need a hotel while your apartment gets repaired after a kitchen fire. 

Your landlord's responsibility is to have insurance to protect the actual structure of the building and any contents inside that are included with the home. For example, if the landlord provided your appliances, then purchasing insurance on those appliances is the landlord's responsibility.

If you are searching for the best renters insurance in Florida, start by looking for an independent insurance agent in your area. Independent agents aren't locked into one carrier's rates, so they are free to quote from multiple policies and can help you score the lowest premiums on the best coverage.

Find the Best Renters Insurance in Your City