Renter's insurance costs can vary depending on several factors, including the location of the rental property, the coverage amount, and the insurance company. The average cost of renter's insurance in the United States is around $180 per year, but this can fluctuate significantly based on the aforementioned variables. It's important to note that this figure is an estimate, and actual costs may differ. Factors such as the crime rate in the area, the value of the insured belongings, and the chosen deductible can all influence the final price. Additionally, some insurance companies offer discounts for various reasons, such as having security systems in place or bundling policies. To get an accurate idea of the costs associated with renter's insurance, it's advisable to obtain quotes from multiple insurance providers and compare the coverage and prices offered. Keep in mind that while cost is an important consideration, it's equally crucial to ensure that the policy provides adequate coverage for your specific needs and circumstances.