Renters Insurance in Texas for a One-Bedroom Apartment: What It Costs and How Much Coverage You Need
Your lease says you need renters insurance, and the quotes in your inbox range from $14 to $35 a month. Which number is real? For a Texas one-bedroom, most renters pay about $15 to $25 a month for $20,000 to $30,000 of personal property coverage — and the quotes disagree because they are pricing different policies, not the same one. The figure that matters is not the average. It is what your belongings are worth, and whether the policy pays to replace them or only what they are worth used. Why the "Average" Ranges From $14 to $35 a Month Published Texas averages disagree because they measure different things. The only figure built from policies actually sold comes from the National Association of Insurance Commissioners (NAIC), republished by the Insurance Information Institute. In 2022, the most recent year published, the average renters policy in Texas cost $199 a year — about $17 a month — against a national average of $171 a year. The NAIC data for 2023 puts the nati...