What does tenant insurance cost at APOLLO?
APOLLO tenant insurance policies start at $13/month, but your exact price is calculated instantly when you get a quote at apollocover.com/quote/tenant — it takes under two minutes and requires no phone call or agent.
What affects your price?
No two policies are priced exactly the same. Your premium is based on a combination of factors specific to you:
Where you live: Densely populated urban areas or neighbourhoods with higher rates of theft or claims tend to have slightly higher premiums.
Your coverage limits: The higher your contents, liability, and ALE limits, the higher your premium. Choosing only what you need keeps costs down.
Your deductible: A higher deductible lowers your monthly premium — but means you pay more out of pocket if you ever make a claim.
Optional add-ons: Enhanced water coverage, Tenant Shield, and APOLLO+ all add a small amount to your premium.
Payment method: Annual payment is typically cheaper than 12 monthly payments across the year.
Claims history: If you've made multiple claims with previous providers, your premium may be higher.
Building type and floor: Apartments, houses, and condos each have different risk profiles; even the floor you're on can be a factor.
Monthly vs. annual payment
You can pay for your policy monthly or in one annual lump sum. Choosing an annual payment saves money overall — monthly payments are spread across 12 instalments and include a financing fee, and typically add up to slightly more than the annual price. Either way, your first payment is charged on the day you purchase, regardless of when coverage starts.