What is the average monthly cost of renters insurance in Chicago?

Depending on coverage, you are looking at $250 or less. Rates will vary depending on your specific neighborhood and the amount of personal property coverage you purchase and what liability limits you choose. Most people go up to $15,000 minimum for replacement cost coverage and choose $300,000 in liability. If you have more electronics, expensive furniture or other costly items to replace you should consider increasing your personal property coverage. Additionally, many renters can save up to 5% if they combine their renters policy with their auto insurance provider. For free comparisons from several renters insurance providers get multiple quotes from licensed companies that do business throughout NY.

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