How much is renters insurance? How much does it cost? The national average is $15.00 a month. If you’re in Texas and subject to hurricanes, it might go as high as $18.00 a month. In New Jersey, it’s actually less than $15.00 a month. If you’re not in the mood to share your personal information to get an actual quote, those general numbers will give you an idea what you’re working with. If you want an actual quote that factors in you and your location, you can call (800)892-4308 or get a quote online at http://www.EffectiveCoverage.com/renters-insurance.