Much like any other kind of insurance, the sheer amount of selection that is available on the open market is mindboggling. Most major insurance companies like State Farm offer renters insurance. Some companies will even give you discounted rates if you process more than one kind of insurance through the same company. Or you might find that a company that specializes in only renters insurance gives the best rates and the most comprehensive policies. As for the cost usually associated with renters insurance, you can find bare bones policies around 40 or 50 dollars per month. These usually cover all of your belongings up to a limit and usually only cover things like fire and flood, but not theft. As you increase your coverage, obviously, the price will increase as well. Some companies have special policies that cover things like fine art or antiques, but you’ll need an appraisal and official documents to ensure that you are able to collect on your policy if you need to. To put it simply, renters insurance is only as expensive as you want it to be. Just about everyone can afford a basic policy, and for some people, that’s enough. The more bells and whistles you add, the more you can expect to pay.