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
RENTAL INSURANCE RATE
Your rental insurance rate is an important part of any rental coverage policy. After all, no one wants to spend more than they need to on a service they hope never to use. When determining your rental insurance rate, you should always compare your options to see what is out there. While one provider may offer you a fixed rate, another may provide you with a policy for much cheaper rental insurance prices. When you compare the various renters coverage rates, you are insuring for less while remaining protected when you need it most.
Home Renters Insurance Quotes
So what makes up your rental insurance rate? In general, your rental insurance rate depends on four things. First of all, the level of coverage you choose will directly impact your rate. If you choose a basic coverage plan, then you are most likely going to have a much lower rate than if you choose a comprehensive policy with sky-high limits. Second of all, where you live will also impact your rental insurance rate. If you live in a high crime area, you could be looking at higher rates than if you live in a safe neighborhood. Furthermore, the type of dwelling you live in can also impact this rate. If you live in an apartment or loft, then you may be looking at a lower premium than if you live in a large house, condominium or townhouse. Finally, the value of your possessions will also make up your renters coverage price. If you need to insure an entire condo worth of expensive furniture, antique collectables and famous paintings, then you are most likely looking at much higher limits than someone just starting out. A student looking to insure his computer, electronics and other gadgets will most likely want a lower limit coverage plan than a senior citizen with thirty years of accumulated jewelry, furniture and other items lying around the house.
Best Deals On Renters Insurance
Keep in mind that, while your rental insurance rate is an important part of the renters coverage puzzle, it is not the only piece to consider. You also want to be sure that you are getting a comprehensive policy adequate for your protection needs and that you are insuring with a provider that you are happy with. There are three main level of coverage - contents coverage, loss of use coverage and physical liability coverage. It is up to you to determine the right amount for your needs. Personal property protection, or contents coverage, will pay for the damages to your moveable objects such as furniture, clothing, toys, electronics and area rugs. Loss of use coverage will pay for the expenses incurred if your rental house is destroyed and you need to find a new place to live. Your moving as well as rental expenses will be covered with this level of renters insurance. Personal liability coverage will protect family and friends in the event of a serious injury and include payouts for medical as well as any legal expenses.
Many people assume that your rental insurance rate will be the same regardless of who you choose to insure with. This is actually not the case. Every single provider is different and they all have a different way to process the rate and price quotes offered. You could be paying more than you need to simply because you have not done your research. It is important to consider more than just price when comparing providers. Excellent customer service, testimonials and credentials should all factor into your decision as well. Furthermore, you may also want to look at the size of the coverage agency. While some companies specialize in other offering rental coverage, others specialize in all types of protection including income protection, vehicle coverage and even pet insurance. While some providers work at the local level, others are state or even national-wide agencies. What type of service are you looking for? Do you want the localized personal provider or do you want the nation-wide agency with plenty of options?
Compare Rental Insurance Rate Discounts
When it comes to finding a rental insurance rate, you can expect anywhere from $10 to $20 per month for a comprehensive policy. This is a fairly reasonable price no matter how you look at it. However, you do not want to be paying $20 per month when you could find the same coverage and protection for $5 cheaper. This is why it is important to always compare your options when looking into rental insurance. With an online search of rental insurance, you can find exactly what you are looking for at a price you can be happy with. Browse through the coverage options, compare the various providers and purchase a plan that suits your budget as well as your protection needs.