Marine Corps Installations Command (MCICOM)
Renters Insurance Cost
Comparison
August 2021
Renters Insurance Cost Comparison
2
All rates below are for a basic renters insurance policy with $20,000 coverage for personal
property, $100,000 in liability coverage, and a $500 deductible
Provider Monthly Cost Annual Cost
$9.92/month $119/year
$10.75/month $129/year
$13/month $156/year
$27.58/month $331/year
$10.58/month $127/year
$9.75/month $117/year
*Data is from MoneyGeek, utilizing Quadrant Information Services, to analyze rates as of Jun 2021.
https://www.moneygeek.com/insurance/renters/best-renters-insurance/
These are sample rates and should be used for comparative purposes only. Quotes will differ based on
numerous factors and change on a daily and quarterly basis.
The information above is provided for educational purposes only as other companies offer renters insurance for purchase. The DoD and Marine
Corps do not endorse or represent any of the identified companies or guarantee any of the associated rates for these renters insurance quotes.
Renters Insurance Cost Comparison
3
The information above is provided for educational purposes only as other companies offer renters insurance for purchase. The DoD and Marine
Corps do not endorse or represent any of the identified companies or guarantee any of the associated rates for these renters insurance quotes.
All rates below are for a renters insurance policy based on 40-year-old male and female renters with
a clean claim history, good credit, and the following coverage limits:
Personal Property - $25,000, Loss of Use - $5,000, Liability - $100,000, Medical Payments -$1,000,
and a Deductible of $500
Provider Monthly Cost Annual Cost
$44/month $528/year
$54/month $648/year
$38/month $456/year
$22/month $264/year
$33/month $396/year
$32/month $384/year
*Data is from Bankrate, utilizing Quadrant Information Services, to analyze rates as of May 2021.
https://www.bankrate.com/insurance/homeowners-insurance/best-renters-insurance-companies/
These are sample rates and should be used for comparative purposes only. Quotes will differ based on numerous
factors and change on a daily and quarterly basis.
Coverage Choices
4
The information above is provided for educational purposes only as other companies offer renters insurance for purchase. The DoD and Marine
Corps do not endorse or represent any of the identified companies or guarantee any of the associated rates for these renters insurance quotes.
The amount of coverage you get will directly affect your renters insurance costs
Personal Property Limit Personal Liability Limit
Annual Renters Insurance
Premium
$15,000 $100,000 $124
$15,000 $300,000 $132
$25,000 $100,000 $153
$25,000 $300,000 $161
$50,000 $100,000 $224
$50,000 $300,000 $236
• Dollar for dollar, expanding your personal property coverage costs more than
raising your liability limits
• Increasing renters liability coverage from $100,000 to $300,000 raises annual
premiums by 5-6%
• Raising property coverage limits inflates renters insurance premiums by 20-80%
*Data is from ValuePenguin by lendingtree as of May 2021. https://www.valuepenguin.com/average-cost-renters-insurance
