Renters Insurance in Miami, FL

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Ross Martin

Insurance Writer

  • 4+ years in the Insurance Industry

Ross joined The Zebra as a writer and researcher in 2019. He specializes in writing insurance content to help shoppers make informed decisions.

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Renters insurance in Miami, Florida

It's very important to maintain renters insurance if you're renting a house or an apartment. It insures your rental dwelling — and any personal property within it — in a variety of circumstancees, such as wind, theft, fire, or vandalism. Given the likelihood of these incidents occurring, the affordable price of a renters policy, and the potentially high cost of replacing your belongings, a renters insurance policy is a solid investment.

Renters insurance premiums are dictated by myriad factors, including your building's age, the material from which it’s made, its geographic location, and the pricing guidelines of your insurance company. In areas in which fire, lightning, wind, or hail are common, renters insurance could be more expensive.

The average yearly cost of renters insurance in Miami is $312.

Finding reliable renters insurance in Miami starts with comparing policies. Consult our analysis of average Miami renters insurance premiums to begin your search with as much background info as possible. Remember: renters insurance costs may vary based on your coverage limits and other factors.

Jump to:

  1. Rates by company
  2. Rates by coverage level
  3. Bundling discounts

Popular renters insurance companies in Miami

Renters insurance premiums in Miami depend on the insurer you choose. For instance, United offers the cheapest renters insurance in Miami, at just $181 per year. This compares favorably to the city's typical renters insurance cost of $312, providing a $131 price cut on typical rates in the city.

Begin your search for a renters insurance policy by reviewing the cheapest companies in Miami.

CompanyAverage Annual Rate in Miami
Universal Insurance$186
Security First$203
American Integrity$239
Peoples Trust$245

Miami renters insurance pricing by coverage tier

The cost of your renters insurance policy will be influenced by the amount of coverage you opt to carry. Two of the most common levels of renters insurance coverage are $25,000 and $50,000 property coverage. In Miami, the annual cost differential between these options is approximately $136. If you can afford to insure your personal property at this additional expense, it's an option worth considering.

Coverage LevelAverage Annual Rate in Miami
$25K Property$244
$50K Property$380

Tip: bundle your auto and renters insurance policies in Miami

If you’re looking to cut your insurance expenditures, purchase your renters and auto policies from the same insurance company. Pairing renters and auto insurance in Miami can result in substantial savings. In fact, bundling renters and auto insurance leads to average savings of 2.8% on car insurance rates. The auto insurer with the cheapest bundled rate is GEICO, followed by State Farm and Progressive.

Annual Bundle SavingsBundle Savings %

Need renters insurance? Talk to an expert today.