Renters Insurance Calculator
Most renters own $20K-30K worth of stuff and don't realize it until a pipe bursts. At $15-30/mo, renters insurance is the cheapest financial safety net you'll ever buy. This calculator estimates your premium based on coverage amount, deductible, and building type — then shows whether individual or joint policies make more sense for roommate situations.
Estimate your renters insurance premium based on your personal property value, deductible, city, and building type. Find out if a joint policy with roommates saves money or if separate policies are smarter. Get a coverage recommendation with a category breakdown showing how much of your belongings fall into electronics, furniture, clothing, and more — so you know exactly what you are protecting.
Coverage Details
Total value of everything you own (electronics, furniture, clothing, etc.)
Including yourself (1 = just you)
Higher deductible = lower premium
Covers injuries or property damage to others
High-cost cities (NYC, SF, LA) increase premiums
How This Calculator Works
Enter Your Details
Fill in amounts, people, and preferences. Takes under 30 seconds.
Get Fair Results
See an instant breakdown with data-driven calculations and Fairness Scores.
Share & Settle
Copy a shareable link to discuss results with everyone involved.
Frequently Asked Questions
People Also Calculate
Auto Insurance
Estimate your car insurance premium by coverage type and compare deductible options with a break-even analysis. National average: $2,300/year full coverage.
Life Insurance
Get a real coverage number based on your income, mortgage, kids' college costs, and existing savings. Most families need 10-15x income.
Health Insurance
Compare Bronze through Platinum plans by total annual cost -- premiums plus out-of-pocket -- and check if you qualify for ACA premium subsidies.
True Cost
That $1,500/mo apartment actually costs $2,200 when you add utilities, parking, commute, laundry, and fees. See the real number before you sign a lease.
50/30/20 Budget
On a $4,500/mo take-home, the 50/30/20 rule gives you $2,250 for needs, $1,350 for wants, and $900 for savings. See your exact breakdown — adjusted for rent.
Emergency Fund
Spending $4,000/month means you need $24,000 for a 6-month emergency fund. See your coverage gap and a timeline to close it.
Rent vs Buy
At 7% mortgage rates, buying isn't automatically smarter than renting. Compare true costs over 1-30 years including equity, taxes, maintenance, and opportunity cost.
Net Effective Rent
A $3,000/mo apartment with 2 months free actually costs $2,500/mo. Convert any concession package into the real monthly cost and compare up to 10 apartments.
Roommate Savings
The average roommate saves $700/mo — that's $120,000+ if invested over 10 years at market returns. See your exact savings and what they could grow into.