Why your college student should have their own renter insurance

July 14, 2025 Renter

College life is full of new experiences—new friends, new freedom, and often a new place to live. Whether it's a dorm room, off-campus apartment, or shared house, one thing that shouldn't be overlooked is our renter insurance.

You may not think you have much to protect, but the truth is, your belongings—and your future —are worth safeguarding. Here’s why a renter insurance policy is a smart move for any college student.

1. Protect your stuff

Laptops, phones, textbooks, clothes, bikes—college students often own thousands of dollars in personal belongings. Renter insurance protects these items from:

Theft, even outside your home (like on campus or in your car)
Fire or smoke damage
Vandalism
Water damage (from things like burst pipes—not floods)

2. Liability coverage for accidents

What happens if a guest trips in your apartment and gets hurt—or if you accidentally cause damage to a neighbor’s unit? Renter insurance includes liability coverage, which can help cover:

Medical expenses
Repair costs
Legal fees, if you're sued

3. It’s surprisingly affordable

One of the best things about renter insurance? It’s budget-friendly. Policies typically cost between $10–$20 per month, depending on coverage limits and where you live. That’s a small price to pay for peace of mind.

4. Your parents’ policy may not be enough

Some students assume their parents’ homeowner insurance will cover them—but coverage is often limited or may not apply at all if you live off-campus. Having your own policy means:

Higher and more appropriate coverage limits
A separate deductible
No surprises if you file a claim

5. Many landlords require it

If you're moving off-campus, there's a good chance your lease will require proof of renter insurance. Having a policy in place before you move can help avoid delays—and protect your security deposit.

6. Learn financial responsibility

Managing your own renter insurance helps you build financial independence and get familiar with how insurance works. It’s a small but meaningful step toward adulting successfully.

Whether you’re living in a dorm, apartment, or shared house, renter insurance offers valuable protection for your belongings, your budget, and your future. It’s an affordable way to stay covered—and stay focused on your education.

Armed Forces Insurance: your trusted renter insurance advisor

Armed Forces Insurance has been a trusted advisor to American armed forces service members for more than 135 years. We’re not a giant corporate skyscraper full of slick insurance executives. We’re a small company headquartered just down the road from Fort Leavenworth in Kansas. We know each other, and our customers know us. If you’re looking for a someone you can trust to shoot you straight and help you protect your home and property, check out our renter insurance page.