The 10 Cheapest States for Renters Insurance (2026)
The ten cheapest states for renters insurance, ranked from July 2026 rate-filing data — with full state-by-state breakdowns.
Figures are monthly premiums for a $30,000 personal-property benchmark policy — the cheapest insurance most people will ever buy. Here are the ten cheapest states as of July 2026, every figure linking to that state's full breakdown.
| # | State | Monthly premium ($30K property) |
|---|---|---|
| 1 | Montana | $16/mo |
| 2 | North Dakota | $16/mo |
| 3 | Wyoming | $16/mo |
| 4 | Maine | $17/mo |
| 5 | New Hampshire | $17/mo |
| 6 | North Carolina | $17/mo |
| 7 | Vermont | $17/mo |
| 8 | Washington | $17/mo |
| 9 | Connecticut | $18/mo |
| 10 | Delaware | $18/mo |
#1: Montana
Montana is one of the cheapest states in the country for renters insurance, ranking #1 of 50 at $16/mo — about 30% below the national average of $23/mo.
#2: North Dakota
North Dakota is one of the cheapest states in the country for renters insurance, ranking #2 of 50 at $16/mo — about 30% below the national average of $23/mo.
#3: Wyoming
Wyoming is one of the cheapest states in the country for renters insurance, ranking #3 of 50 at $16/mo — about 30% below the national average of $23/mo.
See the full table
All 50 states are ranked on the renters insurance index page. Carriers price identical coverage very differently — a five-minute comparison routinely cuts the bill.
The single most reliable way to cut your premium is comparing quotes — carriers price the same coverage very differently — State Farm averages $14/month while others charge $24+ for comparable policies.
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