Cost of Short Term Rental Insurance

Most insurance providers offer pretty affordable plans, considering the coverage included in short-term rental insurance policies. In addition, you can get a free quote from each insurer to determine how much you'll need to pay each year.

The average cost for a short-term rental insurance policy ranges between $2,000 and $3,000 every year in the US. However, this range can increase up to $9,000 per year if your rental home is in popular tourist destinations like Florida or California. 

Here are a few factors that influence the cost of your short-term rental insurance policy:

Property Location

Of course, the location of your short-term rental is the most influential factor. If your rental is near a tourist attraction, the cost of your insurance plan will increase drastically. 

Rental Frequency

Some short-term rental insurance policies only cover the days that guests are staying at your property. As a result, the rental frequency is also an influential factor in the cost of your insurance plan.

If your rental is used very frequently, the insurance costs will be much higher.


If your deductible premiums are high, the monthly insurance cost will be lower than average.

Replacement Costs

Replacement costs also influence the cost of short-term insurance policies. For example, if your property is full of expensive assets to repair, your insurance bill will be much higher.


Lastly, the amenities provided in your short-term rental also affect the insurance cost. Amenities that bump up the insurance bill due to higher risk potential include hot tubs, fireplaces, and swimming pools.

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