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Cost and Value
The cost of renters insurance is surprisingly affordable, averaging about $15 to $20 per month for $30,000 in personal property coverage and $100,000 in liability coverage2. Many insurers offer discounts for bundling policies, such as combining renters and auto insurance, which can further reduce premiums. It's also worth noting that having renters insurance can provide peace of mind, knowing that you're financially protected against unexpected events.