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Renters Insurance Calculator

Renters cover from the value of your possessions, plus liability.

Your numbers

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Result

Estimated annual premium $164.76
Per month $13.73
Contents cover $30,000
Additional living expenses $9,000
Cost per day $0.45
About $13.73 a month, which is $0.45 a day, for $30,000 of contents cover plus liability. It is usually the cheapest insurance anyone buys relative to what it does.

An estimating tool, not insurance advice and not a quote. Underwriting sets real premiums on factors no calculator sees. What cover is appropriate is a question for a licensed broker. The landlord's policy covers the building, never your possessions or your liability. Most people underestimate what replacing everything would cost: walking room by room adding up clothing, electronics, kitchen contents and furniture usually produces a figure well above the first guess. High value items such as jewellery and instruments have sub-limits and need scheduling separately.

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Questions

About this calculator

Does my landlord's insurance cover my things?

No. It covers the structure and the landlord's liability. Your possessions and your liability to others are entirely your own responsibility.

How much contents cover do I need?

More than you think. Walk each room and add it up; most people arrive at twice their initial guess once clothing and kitchen contents are counted.

The formula

premium = contents value / 1000 x rate x cover type factor + liability, less deductible credit

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Estimating is the easy part

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