Month: July 2025

For a college student, a laptop, phone, tablet, and gaming console aren’t just gadgets—they’re essential tools for academics, communication, and downtime. Losing them to theft, fire, or an accidental spill can be a disaster that derails a semester.

While the idea of insuring everything in a small dorm room may seem excessive, the protection it offers for valuable electronics is crucial. Fortunately, the cost is often surprisingly affordable.

The average cost of a dedicated student personal property or dorm room insurance policy, which includes comprehensive electronics coverage, typically ranges from $10 to $20 per month (or about $120 to $240 annually).

However, determining the actual cost for a student requires looking at the three primary insurance options available.

1. The Cheapest Option: Relying on Parent’s Homeowners Insurance

In many cases, a student’s belongings in a college dorm are automatically covered by their parents’ existing homeowners or renters insurance policy.…