Average renters insurance rates in the top college cities and towns

Insurance.com created a list of 60 towns and cities either known for having large student populations or for being home to many of the country’s most well-known colleges and universities, or both.

In the table below you can see how much renters insurance costs, on average, in your college town or city, for a renters policy with coverage levels of $40,000 for personal property, a $1,000 deductible and $100,000 of liability protection. 

New Orleans, Providence and New York are the priciest, while Madison, Hanover and Burlington are the most affordable. Can't find your city or town on the list? If you want to know rates for anywhere in the country for 75 different coverage levels, use our average renters insurance rates tool to find out.

State City Average annual premium
ArizonaFlagstaff$309
ArizonaTempe$237
CaliforniaBerkeley$362
CaliforniaDavis$248
CaliforniaLos Angeles$324
CaliforniaPasadena$286
CaliforniaStanford$269
ColoradoBoulder$188
ConnecticutNew Haven$315
FloridaGainesville$228
FloridaTallahassee$234
GeorgiaAthens$342
GeorgiaAtlanta$388
IllinoisBloomington$252
IllinoisChicago$286
IllinoisEvanston$245
IndianaLafayette$260
IndianaNotre Dame$258
KansasManhattan$237
LouisianaNew Orleans$955
MarylandBaltimore$264
MassachusettsAmherst$239
MassachusettsBoston$347
MassachusettsCambridge$234
MichiganAnn Arbor$294
MichiganKalamazoo$327
MinnesotaRochester$200
MissouriColumbia$225
MissouriSt. Louis$249
New HampshireHanover$167
New JerseyPrinceton$196
New YorkIthaca$260
New YorkNew York$407
North CarolinaDurham$312
North CarolinaGreenville$391
North CarolinaWinston-Salem$312
North DakotaFargo$188
PennsylvaniaPhiladelphia$406
Rhode IslandProvidence$489
TennesseeNashville$291
TexasAustin$203
TexasDenton$200
TexasHouston$268
UtahProvo$209
VermontBurlington$179
VirginiaBlacksburg$204
VirginiaCharlottesville$210
VirginiaLynchburg$219
WashingtonBellingham$224
WisconsinMadison$162

Do college students need renters insurance?

Some college students do need renters insurance. It depends on how much personal property you have with you and whether you still count your parents’ home as your primary residence.

If a college student is still technically living at home, and lives in a dorm during the school year, their personal property will be covered by their parents’ homeowners insurance policy. Homeowners insurance covers personal property off-premises at 10% of the total coverage available. That’s generally enough for the small amount of property a college student takes for the year.

However, if you’ve completely moved out and have your own place, whether that’s a solo apartment or a home shared with roommates, you need a renters insurance policy to protect your personal property.

A lot of young people skip renters insurance, believing they do not need it. But that can be a mistake, according to Justin Herndon, spokesperson for Allstate.

“Don’t underestimate how much stuff you actually own,” he says. “If you’ve got a laptop, you’ve probably got a smartphone. If you’ve got a guitar, you’ve probably got an amp.”

How much is renters insurance for college students?

Renters insurance rates don’t differ based on age, but they do differ based on location. That’s why we gathered average renters insurance rates in major college towns. But looking at renters insurance rates overall can be helpful, too. Not everyone goes to school in a big college town.

 Compare average renters insurance rates for college students below.

Renters insurance calculator

Average renters insurance rates in Texas
Please enter valid zip code
$20,000
$20,000 $40,000 $60,000
$100,000
$100,000 $300,000
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Most & least expensive ZIP codes for renters insurance in Texas

Most expensive

ZIP codeCityHighest rate
78368Mathis$264
77014Houston$264
77444Guy$263
77374Thicket$262

Least expensive

ZIP codeCityLowest rate
75070McKinney$183
78132New Braunfels$183
75072McKinney$183
75013Allen$183
Data updated in 2024

Cheap renters insurance for college students

Like other types of insurance, the best way to save on renters coverage is to compare prices among companies. The table below shows rates by company for a policy of $40,000 in personal property coverage with a $1,000 deductible and $100,000 in liability.

Enter your state in the search field to see what you can expect to pay in your location.

State City Company Average annual premium
ArizonaFlagstaffState Farm$171
ArizonaFlagstaffAmerican Family$240
ArizonaFlagstaffAllstate$257
ArizonaFlagstaffTravelers$492
ArizonaFlagstaffNationwide$715
ArizonaFlagstaffUSAA$137
ArizonaTempeState Farm$155
ArizonaTempeAmerican Family$225
ArizonaTempeAllstate$257
ArizonaTempeNationwide$365
ArizonaTempeTravelers$424
ArizonaTempeUSAA$141
CaliforniaBerkeleyMercury Insurance$155
CaliforniaBerkeleyFarmers$221
CaliforniaBerkeleyAuto Club Enterprises (AAA)$233
CaliforniaBerkeleyState Farm$266
CaliforniaBerkeleyCSAA Insurance (AAA)$275
CaliforniaBerkeleyTravelers$289
CaliforniaBerkeleyAllstate$410
CaliforniaBerkeleyNationwide$738
CaliforniaBerkeleyUSAA$383
CaliforniaDavisMercury Insurance$155
CaliforniaDavisCSAA Insurance (AAA)$162
CaliforniaDavisFarmers$187
CaliforniaDavisState Farm$204
CaliforniaDavisAuto Club Enterprises (AAA)$226
CaliforniaDavisAllstate$257
CaliforniaDavisTravelers$304
CaliforniaDavisNationwide$591
CaliforniaDavisUSAA$153
CaliforniaLos AngelesMercury Insurance$155
CaliforniaLos AngelesAuto Club Enterprises (AAA)$228
CaliforniaLos AngelesFarmers$253
CaliforniaLos AngelesCSAA Insurance (AAA)$265
CaliforniaLos AngelesState Farm$295
CaliforniaLos AngelesTravelers$300
CaliforniaLos AngelesAllstate$387
CaliforniaLos AngelesNationwide$704
CaliforniaLos AngelesUSAA$248
CaliforniaPasadenaMercury Insurance$155
CaliforniaPasadenaAuto Club Enterprises (AAA)$178
CaliforniaPasadenaState Farm$203
CaliforniaPasadenaFarmers$229
CaliforniaPasadenaCSAA Insurance (AAA)$265
CaliforniaPasadenaTravelers$272
CaliforniaPasadenaAllstate$363
CaliforniaPasadenaNationwide$582
CaliforniaPasadenaUSAA$238
CaliforniaStanfordMercury Insurance$155
CaliforniaStanfordFarmers$156
CaliforniaStanfordCSAA Insurance (AAA)$164
CaliforniaStanfordState Farm$213
CaliforniaStanfordAuto Club Enterprises (AAA)$228
CaliforniaStanfordTravelers$267
CaliforniaStanfordAllstate$274
CaliforniaStanfordNationwide$525
CaliforniaStanfordUSAA$275
ColoradoBoulderState Farm$159
ColoradoBoulderFarmers$184
ColoradoBoulderAllstate$191
ColoradoBoulderChubb Ltd$198
ColoradoBoulderAmerican Family$345
ColoradoBoulderUSAA$156
ConnecticutNew HavenChubb Ltd$191
ConnecticutNew HavenAmica Mutual$200
ConnecticutNew HavenAllstate$201
ConnecticutNew HavenState Farm$231
ConnecticutNew HavenFarmers$399
ConnecticutNew HavenAmerican Family$410
ConnecticutNew HavenNational General Insurance$445
ConnecticutNew HavenTravelers$700
ConnecticutNew HavenUSAA$247
FloridaGainesvilleNationwide$140
FloridaGainesvilleSecurity First Insurance$162
FloridaGainesvilleUniversal Insurance Holding$183
FloridaGainesvilleTravelers$186
FloridaGainesvilleAllstate$192
FloridaGainesvilleState Farm$206
FloridaGainesvilleFedNat Holding$225
FloridaGainesvilleProgressive$261
FloridaGainesvilleAmer Integrity Ins Co of FL$272
FloridaGainesvilleCitizens Property Insurance$345
FloridaGainesvilleHCI Group Inc$420
FloridaTallahasseeNationwide$139
FloridaTallahasseeSecurity First Insurance$162
FloridaTallahasseeTravelers$172
FloridaTallahasseeState Farm$190
FloridaTallahasseeAllstate$192
FloridaTallahasseeUniversal Insurance Holding$194
FloridaTallahasseeAmer Integrity Ins Co of FL$282
FloridaTallahasseeFedNat Holding$295
FloridaTallahasseeProgressive$311
FloridaTallahasseeCitizens Property Insurance$340
FloridaTallahasseeHCI Group Inc$403
GeorgiaAthensGeorgia Farm Bureau$136
GeorgiaAthensState Farm$277
GeorgiaAthensAuto-Owners$290
GeorgiaAthensNationwide$407
GeorgiaAthensFarmers$432
GeorgiaAthensTravelers$492
GeorgiaAthensAllstate$649
GeorgiaAthensUSAA$230
GeorgiaAtlantaGeorgia Farm Bureau$145
GeorgiaAtlantaAuto-Owners$319
GeorgiaAtlantaState Farm$349
GeorgiaAtlantaNationwide$445
GeorgiaAtlantaFarmers$474
GeorgiaAtlantaTravelers$538
GeorgiaAtlantaAllstate$836
GeorgiaAtlantaUSAA$254
IllinoisBloomingtonNationwide$166
IllinoisBloomingtonState Farm$171
IllinoisBloomingtonAllstate$197
IllinoisBloomingtonAuto-Owners$198
IllinoisBloomingtonFarmers$308
IllinoisBloomingtonAmerican Family$333
IllinoisBloomingtonCountry Financial$338
IllinoisBloomingtonTravelers$556
IllinoisBloomingtonUSAA$190
IllinoisChicagoAllstate$197
IllinoisChicagoState Farm$241
IllinoisChicagoNationwide$252
IllinoisChicagoAuto-Owners$293
IllinoisChicagoFarmers$334
IllinoisChicagoAmerican Family$386
IllinoisChicagoCountry Financial$442
IllinoisChicagoTravelers$505
IllinoisChicagoUSAA$197
IllinoisEvanstonState Farm$141
IllinoisEvanstonNationwide$178
IllinoisEvanstonAllstate$197
IllinoisEvanstonAuto-Owners$212
IllinoisEvanstonCountry Financial$293
IllinoisEvanstonAmerican Family$303
IllinoisEvanstonFarmers$311
IllinoisEvanstonTravelers$515
IllinoisEvanstonUSAA$197
IndianaLafayetteState Farm$154
IndianaLafayetteIndiana Farmers$179
IndianaLafayetteFarmers$240
IndianaLafayetteNationwide$249
IndianaLafayetteAmerican Family$269
IndianaLafayetteAllstate$303
IndianaLafayetteAuto-Owners$376
IndianaLafayetteIndiana Farm Bureau Grp$395
IndianaLafayetteErie Insurance$400
IndianaLafayetteTravelers$561
IndianaLafayetteUSAA$129
IndianaNotre DameState Farm$154
IndianaNotre DameIndiana Farmers$160
IndianaNotre DameNationwide$245
IndianaNotre DameFarmers$247
IndianaNotre DameAllstate$303
IndianaNotre DameAmerican Family$307
IndianaNotre DameErie Insurance$343
IndianaNotre DameAuto-Owners$376
IndianaNotre DameIndiana Farm Bureau Grp$473
IndianaNotre DameTravelers$497
IndianaNotre DameUSAA$126
KansasManhattanIowa Farm bureau$156
KansasManhattanAllstate$162
KansasManhattanState Farm$169
KansasManhattanShelter Insurance$220
KansasManhattanAuto-Owners$224
KansasManhattanNationwide$258
KansasManhattanAmerican Family$293
KansasManhattanMarysville Mutual$310
KansasManhattanFarmers$318
LouisianaNew OrleansState Farm$234
LouisianaNew OrleansProgressive$385
LouisianaNew OrleansFarmers$553
LouisianaNew OrleansAllstate$779
LouisianaNew OrleansLA Farm bureau$2,298
LouisianaNew OrleansUSAA$1,130
MarylandBaltimoreTravelers$154
MarylandBaltimoreState Farm$174
MarylandBaltimoreErie Insurance$266
MarylandBaltimoreAmerican Family$294
MarylandBaltimoreFarmers$318
MarylandBaltimoreChubb Ltd$328
MarylandBaltimoreNationwide$404
MarylandBaltimoreAllstate$414
MarylandBaltimoreUSAA$142
MassachusettsAmherstTravelers$125
MassachusettsAmherstState Farm$136
MassachusettsAmherstVermont Mutual$155
MassachusettsAmherstAndover Insurance$210
MassachusettsAmherstAllstate$238
MassachusettsAmherstSafety Insurance$241
MassachusettsAmherstAmica Mutual$258
MassachusettsAmherstArbella Insurance$282
MassachusettsAmherstMapfre Insurance$371
MassachusettsBostonState Farm$133
MassachusettsBostonTravelers$226
MassachusettsBostonVermont Mutual$291
MassachusettsBostonAllstate$332
MassachusettsBostonArbella Insurance$333
MassachusettsBostonAmica Mutual$353
MassachusettsBostonSafety Insurance$358
MassachusettsBostonAndover Insurance$401
MassachusettsBostonMapfre Insurance$520
MassachusettsCambridgeState Farm$133
MassachusettsCambridgeTravelers$156
MassachusettsCambridgeVermont Mutual$166
MassachusettsCambridgeAndover Insurance$235
MassachusettsCambridgeAmica Mutual$259
MassachusettsCambridgeSafety Insurance$262
MassachusettsCambridgeAllstate$271
MassachusettsCambridgeArbella Insurance$282
MassachusettsCambridgeMapfre Insurance$289
MichiganAnn ArborAuto-Owners$35
MichiganAnn ArborFrankenmuth Insurance$158
MichiganAnn ArborProgressive$169
MichiganAnn ArborState Farm$178
MichiganAnn ArborAutomobile Club MI (AAA)$193
MichiganAnn ArborFarmers$384
MichiganAnn ArborThe Hanover$577
MichiganAnn ArborMichigan Farm Bureau$1,022
MichiganAnn ArborUSAA$161
MichiganKalamazooAuto-Owners$35
MichiganKalamazooFrankenmuth Insurance$158
MichiganKalamazooAutomobile Club MI (AAA)$187
MichiganKalamazooProgressive$192
MichiganKalamazooState Farm$225
MichiganKalamazooFarmers$380
MichiganKalamazooThe Hanover$510
MichiganKalamazooMichigan Farm Bureau$1,401
MichiganKalamazooUSAA$162
MinnesotaRochesterAutomobile Club MI (AAA)$89
MinnesotaRochesterState Farm$140
MinnesotaRochesterSecura Insurance$143
MinnesotaRochesterAuto-Owners$165
MinnesotaRochesterAllstate$175
MinnesotaRochesterAmerican Family$225
MinnesotaRochesterNorth Star Mutual$227
MinnesotaRochesterFarmers$231
MinnesotaRochesterCountry Financial$296
MinnesotaRochesterWestern National Mutual$308
MissouriColumbiaState Farm$184
MissouriColumbiaAuto Club Enterprises (AAA)$221
MissouriColumbiaShelter Insurance$221
MissouriColumbiaNationwide$316
MissouriColumbiaAllstate$325
MissouriColumbiaFarmers$355
MissouriColumbiaAmerican Family$388
MissouriColumbiaUSAA$117
MissouriSt. LouisState Farm$184
MissouriSt. LouisShelter Insurance$221
MissouriSt. LouisAuto Club Enterprises (AAA)$255
MissouriSt. LouisNationwide$318
MissouriSt. LouisAllstate$393
MissouriSt. LouisAmerican Family$400
MissouriSt. LouisFarmers$418
MissouriSt. LouisUSAA$138
New HampshireHanoverAmica Mutual$93
New HampshireHanoverVermont Mutual$100
New HampshireHanoverState Farm$142
New HampshireHanoverMMG Insurance$150
New HampshireHanoverNationwide$157
New HampshireHanoverAllstate$192
New HampshireHanoverPlymouth Rock Assurance$200
New HampshireHanoverAuto-Owners$221
New HampshireHanoverFarmers$235
New HampshireHanoverUSAA$166
New JerseyPrincetonNew Jersey Manufacturers$116
New JerseyPrincetonState Farm$137
New JerseyPrincetonAmerican Family$138
New JerseyPrincetonChubb Ltd$206
New JerseyPrincetonAllstate$207
New JerseyPrincetonFranklin Mutual$224
New JerseyPrincetonFarmers$258
New JerseyPrincetonPlymouth Rock Assurance$273
New JerseyPrincetonUSAA$180
New YorkIthacaState Farm$125
New YorkIthacaTravelers$133
New YorkIthacaNYCM Insurance$153
New YorkIthacaAllstate$169
New YorkIthacaAmerican Family$186
New YorkIthacaNationwide$209
New YorkIthacaChubb Ltd$284
New YorkIthacaFarmers$377
New YorkIthacaAIG$1,039
New YorkIthacaUSAA$222
New YorkNew YorkState Farm$136
New YorkNew YorkNYCM Insurance$253
New YorkNew YorkNationwide$279
New YorkNew YorkTravelers$284
New YorkNew YorkAllstate$286
New YorkNew YorkChubb Ltd$347
New YorkNew YorkFarmers$391
New YorkNew YorkAmerican Family$548
New YorkNew YorkAIG$1,682
New YorkNew YorkUSAA$309
North CarolinaDurhamNorth Carolina Farm Bureau$136
North CarolinaDurhamState Farm$203
North CarolinaDurhamAllstate$285
North CarolinaDurhamAuto-Owners$287
North CarolinaDurhamErie Insurance$347
North CarolinaDurhamNationwide$418
North CarolinaDurhamFarmers$564
North CarolinaDurhamUSAA$153
North CarolinaGreenvilleNorth Carolina Farm Bureau$160
North CarolinaGreenvilleState Farm$294
North CarolinaGreenvilleAllstate$366
North CarolinaGreenvilleAuto-Owners$368
North CarolinaGreenvilleNationwide$491
North CarolinaGreenvilleErie Insurance$525
North CarolinaGreenvilleFarmers$676
North CarolinaGreenvilleUSAA$146
North CarolinaWinston-SalemNorth Carolina Farm Bureau$145
North CarolinaWinston-SalemState Farm$240
North CarolinaWinston-SalemAllstate$255
North CarolinaWinston-SalemAuto-Owners$276
North CarolinaWinston-SalemErie Insurance$344
North CarolinaWinston-SalemNationwide$411
North CarolinaWinston-SalemFarmers$580
North CarolinaWinston-SalemUSAA$147
North DakotaFargoState Farm$120
North DakotaFargoAmerican Family$134
North DakotaFargoNodak Insurance$167
North DakotaFargoAllstate$193
North DakotaFargoNorth Star Mutual$194
North DakotaFargoAgraria Mutual$205
North DakotaFargoCountry Financial$209
North DakotaFargoAuto-Owners$210
North DakotaFargoFarmers$222
PennsylvaniaPhiladelphiaErie Insurance$176
PennsylvaniaPhiladelphiaState Farm$270
PennsylvaniaPhiladelphiaDonegal$301
PennsylvaniaPhiladelphiaAllstate$408
PennsylvaniaPhiladelphiaFarmers$457
PennsylvaniaPhiladelphiaNationwide$529
PennsylvaniaPhiladelphiaTravelers$628
PennsylvaniaPhiladelphiaUSAA$236
Rhode IslandProvidenceState Farm$197
Rhode IslandProvidenceNationwide$207
Rhode IslandProvidenceAmica Mutual$223
Rhode IslandProvidenceAllstate$293
Rhode IslandProvidenceNew London County Insurance$315
Rhode IslandProvidenceFarmers$501
Rhode IslandProvidenceAIG$798
Rhode IslandProvidencePure Companies Grp$1,378
TennesseeNashvilleAmerican National Finance$150
TennesseeNashvilleTennessee Farmers$160
TennesseeNashvilleState Farm$200
TennesseeNashvilleShelter Insurance$244
TennesseeNashvilleAuto-Owners$262
TennesseeNashvilleFarmers$333
TennesseeNashvilleWestfield Insurance$350
TennesseeNashvilleErie Insurance$460
TennesseeNashvilleTravelers$608
TennesseeNashvilleUSAA$144
TexasAustinState Farm$169
TexasAustinProgressive$170
TexasAustinAllstate$202
TexasAustinNationwide$242
TexasAustinTexas Farm Bureau$275
TexasAustinFarmers$410
TexasAustinUSAA$140
TexasDentonProgressive$174
TexasDentonState Farm$176
TexasDentonAllstate$202
TexasDentonTexas Farm Bureau$242
TexasDentonNationwide$253
TexasDentonFarmers$410
TexasDentonUSAA$135
TexasHoustonProgressive$218
TexasHoustonAllstate$261
TexasHoustonNationwide$273
TexasHoustonState Farm$297
TexasHoustonTexas Farm Bureau$405
TexasHoustonFarmers$599
TexasHoustonUSAA$157
UtahProvoNationwide$141
UtahProvoIowa Farm bureau$147
UtahProvoState Farm$168
UtahProvoAuto-Owners$186
UtahProvoAllstate$189
UtahProvoAmerican Family$240
UtahProvoFarmers$251
UtahProvoMutual of Enumclaw$280
UtahProvoUSAA$245
VermontBurlingtonVermont Mutual$100
VermontBurlingtonState Farm$148
VermontBurlingtonMMG Insurance$150
VermontBurlingtonFrankenmuth Insurance$153
VermontBurlingtonCo-operative Insurance$154
VermontBurlingtonAuto-Owners$187
VermontBurlingtonUnion Mutual$244
VermontBurlingtonTravelers$371
VirginiaBlacksburgState Farm$111
VirginiaBlacksburgAmerican Family$135
VirginiaBlacksburgNationwide$148
VirginiaBlacksburgProgressive$156
VirginiaBlacksburgUniversal Insurance Holding$180
VirginiaBlacksburgErie Insurance$188
VirginiaBlacksburgFarmers$228
VirginiaBlacksburgAllstate$235
VirginiaBlacksburgIAT Insurance Group$258
VirginiaBlacksburgTravelers$400
VirginiaCharlottesvilleState Farm$133
VirginiaCharlottesvilleAmerican Family$139
VirginiaCharlottesvilleProgressive$155
VirginiaCharlottesvilleNationwide$156
VirginiaCharlottesvilleUniversal Insurance Holding$185
VirginiaCharlottesvilleErie Insurance$205
VirginiaCharlottesvilleFarmers$228
VirginiaCharlottesvilleAllstate$235
VirginiaCharlottesvilleIAT Insurance Group$267
VirginiaCharlottesvilleTravelers$393
VirginiaLynchburgAmerican Family$143
VirginiaLynchburgNationwide$164
VirginiaLynchburgState Farm$168
VirginiaLynchburgProgressive$172
VirginiaLynchburgUniversal Insurance Holding$174
VirginiaLynchburgErie Insurance$211
VirginiaLynchburgFarmers$228
VirginiaLynchburgAllstate$235
VirginiaLynchburgIAT Insurance Group$272
VirginiaLynchburgTravelers$423
WashingtonBellinghamNationwide$133
WashingtonBellinghamPEMCO$149
WashingtonBellinghamState Farm$171
WashingtonBellinghamAllstate$225
WashingtonBellinghamFarmers$271
WashingtonBellinghamAmerican Family$272
WashingtonBellinghamUSAA$299
WisconsinMadisonWest Bend Mutual$82
WisconsinMadisonState Farm$104
WisconsinMadisonAcuity A Mutual Ins Co$144
WisconsinMadisonSecura Insurance$151
WisconsinMadisonAllstate$173
WisconsinMadisonAuto-Owners$179
WisconsinMadisonNationwide$181
WisconsinMadisonWisconsin Mutual$194
WisconsinMadisonAmerican Family$242

Why should college students have their own renters insurance policy?

While there are situations in which your parents’ homeowners insurance may provide enough coverage, you may be better covered by your own renters insurance policy, especially if you rent an apartment and own all of the furnishings and other contents.

Herndon notes that the average renter owns $30,000 worth of stuff. Although college students likely own less than that, they might own more than they think. Renters insurance covers everything in your home against damage or theft.

At least a portion of your renters insurance also covers you away from home. So, if you travel to Canada or study in Europe, your renters insurance will cover you if someone steals that laptop.

“Wherever you go, your insurance coverage travels with you,” Herndon says.

In addition, renters insurance can protect you from a costly lawsuit or other costs if you are responsible for injuries or damages to someone else.

“If someone’s injured at your place, it could cover their medical expenses,” Herndon says.

Renters insurance also can reimburse temporary living expenses – such as paying for a hotel room – if your apartment becomes uninhabitable due to fire, flood or another situation.

Renters insurance for college students: Frequently asked questions

How does renters insurance work if my parents co-signed my lease?

Many students have to turn to their parents to co-sign the apartment lease. In such a situation, the student can be the named insured on the policy, with the parents endorsed as an additional nonoccupant insured, Herndon says..

Can I get a renters insurance discount by bundling with my car insurance?

Yes. Most insurance companies offer an auto and renters insurance bundle with a discount on both policies.

Should I share a renters insurance policy with my roommates?

If you have a roommate, you should not share the policy with your friend. Instead, you each should have your own separate policies. Here’s why: it’s true that you are allowed to share a policy, and this saves money if you split the cost. But the savings is minimal, considering the total cost for coverage is typically under $200 a year. And, if a claim is filed on the policy it will be on your claim history for three to five years, regardless of who filed the claim. That means if your roommate ends up making numerous claims on the policy you could end up paying higher premiums for renters (and other types of insurance) long after you have moved out.

Should I get renters insurance for a college dorm?

Maybe. As noted above, if you still live at home as your primary residence, your parents’ home insurance coverage will extend to your property in the dorm at 10% of the personal property coverage limit. However, it’s important to consider the value of the items you’re bringing to your dorm and whether there’s enough coverage under your parents’ policy to cover everything. Renters insurance may provide better coverage.