What People Are Saying
Thanks for making it easy to find the cheapest renters insurance. Knowing our stuff is always protected gives me peace of mind.
Matt and Bethany, Charleston SC
LOW COST RENTERS INSURANCE
Renters insurance is one of the most important and often overlooked type of coverage that you can have. Accidents, damage and personal liabilty are some of the hazards that can occur without warning. To protect yourself, this type of insurance is essential.
When trying to find low cost renters insurance, you can start by comparing several insurers to see who can offer you the best coverage at the lowest price. The first thing that you want to consider when investigating a company is to look at their background and reputation. The company should have a solid reputation with their customers in regards to service, claims and offer good coverage at a reasonable price. Their background in handling claims appropriately and efficiently will tell you how much they can be depended on. You can usually get renter's insurance at a cheaper rate, but it is more advantageous for you to pay slightly more for a dependable insurer than less for one that is not.
The renters insurance company can help you to have a low cost renters insurance rate if you offer them some pertinent information about where you currently or will be living. Having an apartment complex that is close to a fire station or police station can help to lower your rate. You can also get a better cost if your apartment building is partially or completely constructed with brick, has smoke detectors and fire extinguishers installed. These safety features are important to be aware of. Additionally, you may have a lower rate if your building is newer.
You need to carry liability insurance in the event that an accident were to occur in your apartment. There is the potential that you can be sued if someone is injured. You can still have low cost renters insurance with adequate liability coverage. You will be protected from overwhelming court costs that can quickly accrue along with any other bills that might arise from the other person's injuries. There will be a limit on how much your policy can cover, so you will want to talk to your agent regarding these.
Low cost renters insurance can also cover losses that occur due to damage to your personal property. This can happen in the event of a fire, tornado, flood, hurricane or theft. Before you talk with an agent, go through your apartment and make a list of all of your valuables and possessions. Take into account your clothing, computer, printer, jewelry, collections, household appliances, movies, music and any other items of value. Using this list as a basis, you can make an estimate of the collective worth of your personal property. Your agent can then help you find the appropriate coverage for that amount, but you should consider carrying a slightly higher amount in case you upgrade anything or purchase something new of value. To keep your rate low, you should review this policy on a yearly basis to see if you need to reduce the amount of coverage you are carrying.
Another way to achieve low cost renters insurance is to carry a slightly higher deductible on your policy. The deductible is the amount you will have to pay if you make a claim. After you have met the deductible, the renters insurance policy then kicks in and pays the rest up to the coverage limit. If you save the amount of your deductible and put it back, you can save quite a bit each month on your insurance rate.
You can find a variety of companies to offer you lost cost rentes insurance both locally and online. Many companies have local offices with knowledgable agents that can give you a direct quote on your monthly rate. You can also do this easily online, as many companies now offer rates after you have typed in the pertinent information. It is crucial that you compare, and some sites even allow you to see many companies and their rates at the same time. The web also offers you the advantage of customer reviews and company background information. All of these tools can help you to make a better and informed decision on the coverage and carrier you will go with.
It is also helpful to consider finding the cheapest renters insurance before you rent an apartment. This way, you can consider location, the type of building and any safety features that are present which migh save you on your insurance policy. One good tip is to look for an apartment complex that has night security. There will often be a security officer that patrols the property, which reduces the chance of crime. This can be an added savings on your insurance. Finding low cost renters insurance is easy to do if you compare companies online, have an apartment with safety features and find a reputable insurer.