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Roommates moving into their new apartment

The average cost of renters insurance

The average cost of renter's insurance is about $15 per month, but the cost of your policy will vary by your location and coverage amount.
Moving boxes and plants for renters apartment.

What is a renters insurance deductible?

A renters insurance deductible is the portion you pay, and is deducted from the insurance company's pay out for the cost of repair or replacement.