Landlord Insurance Cost Calculator

Get a ballpark estimate for your property type and state in 30 seconds. No signup required. For your exact cost, we'll need to review your specific details — but this is a great place to start.

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Bar, restaurant, gym, daycare, etc.

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Select your property type and details above and we'll calculate your estimated landlord insurance cost instantly. No signup required — just real numbers based on thousands of commercial property quotes.

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Your Estimate vs. Your Real Cost

The ranges above are based on typical rates we see across thousands of landlord quotes. But your actual premium depends on factors a calculator can't capture — your claims history, your building condition, your tenant lease requirements, and which carriers are most competitive for your exact property profile. That's why we review every quote on video. You'll see exactly what you're getting, what's excluded, and why we're recommending it — before you commit to anything.

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How It Works

How Landlord Insurance Costs Are Calculated

Commercial landlord insurance pricing starts with your property type and building value. A Lessors Risk Only (LRO) policy covers the building structure, common areas, and your liability as the property owner. Retail strip malls and mixed-use buildings typically cost more to insure than single-tenant or industrial properties because they have more foot traffic, more tenant operations to manage, and higher replacement costs per square foot.

The number of units or tenant spaces directly impacts your premium. More units means more total insurable value, more potential liability claims, and higher loss-of-rents exposure. A single-tenant NNN lease property is the simplest and cheapest to insure, while a 25+ unit strip mall with diverse tenants requires significantly broader coverage and higher limits.

Tenant mix and risk profile are critical factors that many landlords overlook. A property leased to accountants and law offices carries much less liability risk than one housing a bar, restaurant, gym, or daycare. High-risk tenants increase your general liability premium and make an umbrella policy strongly recommended. Most landlords with high-risk tenants should carry at least $1M in umbrella coverage on top of their standard GL limits.

Your state, claims history, and building condition complete the picture. California, New Jersey, and Illinois tend to have higher rates due to litigation costs and regulations. Properties with recent claims, deferred maintenance, or older roofs and systems will pay more. The most effective strategy is to shop your property across multiple carriers — we compare 30+ A-rated companies and regularly see 25–40% pricing differences for the same building.

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Common Questions

Frequently Asked Questions

Commercial landlord insurance (Lessors Risk Only) typically costs between $1,500 and $8,000 per year for a single-tenant or small multi-tenant property. Strip malls and mixed-use buildings pay more due to increased liability exposure. Multi-property portfolios can often save 10–20% per property by bundling under one program.

A Lessors Risk Only policy is a commercial property and liability insurance package designed specifically for landlords who lease space to tenants. It covers the building structure, your liability as the property owner, and optionally loss of rents — but it does not cover your tenant's property, operations, or liability. Your tenants need their own business insurance for that.

It's strongly recommended. Tenants like bars, restaurants, gyms, and daycares generate significantly more foot traffic and liability exposure than a standard office or retail tenant. An umbrella policy adds $1M–$5M in extra liability protection on top of your GL limits for a relatively low cost — typically $500–$2,000/year. It's one of the best-value coverages for commercial landlords.

Loss of rents coverage replaces your rental income when a covered loss — like a fire, storm damage, or burst pipe — makes your property uninhabitable or unusable by tenants. Without it, you're still paying the mortgage, property taxes, and maintenance on a building that's generating no income. Most policies cover 12 months of lost rent, though longer terms are available.

Yes, and it's usually cheaper. Bundling 3+ properties under a single LRO program often saves 10–20% per property compared to insuring each one separately. Multi-property programs also simplify management — one renewal date, one bill, and one agent handling everything. We regularly set up portfolio programs for landlords with 3 to 50+ properties across multiple states.

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We are licensed and writing landlord insurance in 29 states. Find your state to see local requirements and get a quote.

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