How much is renters insurance in Tampa, Florida

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The average cost of renters insurance in Tampa, Florida is $200 per year – $15 less than the state average of $215 annually.

A renters insurance policy protects your personal belongings from events like fire, smoke, theft, and vandalism, and provides liability coverage if you’re found responsible for injuring someone or damaging their property.

Your rate will vary based on the insurer you choose, your deductible, coverage limits, ZIP code, and the discounts available to you.

How to get the best deal for renters insurance in Tampa

Get quotes from a minimum of three insurers – rates differ considerably between providers, and switching can mean hundreds in annual savings.
Bundle your renters policy with auto or another insurance policy under the same provider to unlock a discount.
Increase your deductible from $500 to $1,000 – this move alone can save you $12 per year.
Look into discounts tied to safety features such as deadbolts, smoke detectors, or a home security system.
Pay your full annual premium in one payment instead of monthly – most insurers offer a discount for this.

What is the average cost of renters insurance per month in Tampa?

Renters insurance costs in Tampa depend on both your insurer and the coverage level you choose. The average monthly rate for a policy with $20,000 in personal property coverage and a $1,000 deductible is $11.

Stepping up to $40,000 in personal property coverage adds roughly $6 more per month, bringing the typical premium to $17 – which includes $40,000 in personal property coverage, $100,000 in liability protection, and a $1,000 deductible. That’s $1 less than the state average of $18.

Key takeaways

A renters policy covers your personal belongings and provides liability protection inside your rental
Renters insurance in Tampa averages $200 per year
Among local insurers, State Farm offers the lowest rates in the city
What you pay hinges on your coverage limits, ZIP code, insurer, and any discounts you’re eligible for
If your home is filled with electronics, jewelry, or quality furniture, higher coverage limits are worth the extra cost

How much is renters insurance in Tampa? Rates by deductible

For a policy with $20,000 in personal property coverage and a $500 deductible, renters in Tampa pay an average of $149 per year.

Your deductible is the share of a claim you cover before your insurer pays the rest. It’s also one of the most direct levers for controlling your premium – raising it from $500 to $1,000 can knock $12 off your annual cost.

The table below shows how premiums change across different personal property coverage amounts and deductible levels.

Deductible	Rates with $20,000 personal property	$40,000 personal property	$60,000 personal property
500	$149	$219	$290
1000	$137	$200	$263

Who offers affordable renters insurance in Tampa?

State Farm tops the list for affordability in Tampa, coming in at $119 per year or $10 monthly. Security First Insurance holds the second spot, with Nationwide rounding out the top three.

The table below compares average annual and monthly premiums from the most affordable renters insurance providers in Tampa.

Renter insurance provider	Average annual rate	Average per month rate
State Farm	$119	$10
Security First Insurance	$130	$11
Nationwide	$132	$11
Allstate	$153	$13
Citizens Property Insurance	$162	$13
Universal Insurance Holding	$264	$22
Progressive	$287	$24
HCI Group Inc	$395	$33

How to lower the cost of renters insurance

You can lower the cost of renters insurance by shopping around, bundling policies, and going for a higher deductible.

Bundle policies. Pick your renters, auto, and other insurance with one provider to unlock multi-policy savings.
Increase your deductible. Raising your deductible cuts your premium right away – just make sure you have enough set aside to cover it if you need to file a claim.
Choose the right coverage amount. Make an account of your belongings once a year. If you don’t have much value, your current personal property coverage limit may be higher than it needs to be.
Avoid filing small claims. Frequent small claims can push your rates up more than a single large one. When the damage is minor, paying out of pocket often works out better.
Improve your credit score. Most states allow insurers to factor in credit when pricing policies. Keeping your score healthy can have a direct impact on your premium and keep your rates steady.
Compare quotes every renewal. Premiums shift from year to year. A quick comparison at renewal – about 30 minutes – can save hundreds of dollars.

Renters insurance replaces your belongings after theft or damage, and it protects you financially if you’re held liable for someone else’s loss. Comparing quotes and taking advantage of available discounts are the most effective ways to keep your cost down.

Frequently asked questions

Is renters insurance required in Tampa?

It isn’t required by state law, though some landlords make it a condition of renting. Either way, a policy provides valuable protection for your belongings and covers you if a visitor is injured on your property.

What does renters insurance cover?

Renters insurance covers personal belongings lost or damaged through covered events, liability if you’re held responsible for injury or property damage, and temporary housing costs if your rental becomes unlivable after a covered incident.

How much renters insurance do I need?

A good starting point is enough to replace all of your possessions. For anyone with higher-value items – think electronics, jewelry, or collectibles – it’s worth looking at higher limits or adding scheduled item coverage.

Who has the cheapest renters insurance in Tampa?

State Farm offers the most affordable rates in Tampa, averaging $10 per month.

Methodology

Insure.com, with the help of Quadrant Information Services, gathered renters insurance rate data for Tampa based on $40,000 in personal property coverage, $300,000 in liability coverage, and a $1,000 deductible. Rates reflect a good credit tier profile.

How much is renters insurance in other cities?

See rates in your city

Alisha Ambre

Alisha Ambre holds a Bachelor of Arts with honours in English Literature and Media Studies. She focuses on crafting clear, engaging content that makes complex information feel practical and approachable for everyday readers. When she’s not writing, she’s likely on the volleyball court or immersed in a good video game.