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
RENTERS INSURANCE PRICE
Renters insurance price is a common theme among virtually all shoppers for this type of policy. Many of us also think about other factors, and some renters even weigh these other variables with some importance. But price is still the biggest factor driving coverage choices. There are a number of ways you can work to hold down renters insurance price as a covered policy holder. Keep your premium low by adjusting your coverage and deductibles to reflect your needs and budget. Look for other ways to save like multi policy discounts or other savings offers. And if all else fails, get online and start looking elsewhere. If one company won't give you a fair renters insurance price on your plan, chances are some other company will. The competitive nature of the industry means you can find some good deals if you have a little perseverance and you know where to look.
Policy Cost Most Important Factor
The price of a renters insurance plan to cover you in your house or loft is probably the number one most important factor you have to think about in deciding on a policy and a carrier. There are certainly other factors most of us also take into consideration, but all of them usually circle back to the prices providers propose to charge us for their services. If you are an apartment dweller or you live in a townhouse in the city, you need a good policy to take care of you as a renter and to represent your interests when claims arise. That much is clear enough. But the ideal situation is to find a top quality provider who also happens to offer you coverage at a low renters insurance price.
In a perfect world, none of us would have to worry about how much things cost. We'd just get what we needed (and also everything we wanted) and never think twice about the price. But this is not the way the real world works for most of us. Insurance is one of those things that we all really need, but that none of us can afford to waste money on. Whether you live in a student flat just off campus or a large condominium in a senior citizen development, you need a policy that delivers the protection you need, but that doesn't break your budget.
How to Keep Costs Down
Keeping costs down as low as possible is essential to all of us in the working class. This principle applies to all of our expenses but particularly to renters insurance price. It is quite simply a waste of money to overpay for coverage when you can save money elsewhere on insurance for your condo or other rented dwelling. Every dollar counts when you're trying to float by month to month, especially when you have a family. Fortunately, renters insurance tends to be inexpensive. And on top of already low average prices, you can often get an even lower renters insurance price by taking advantage of some basic savings techniques.
One way to save money is to cut coverage, but this is not an advisable solution. If you must alter the coverage in any way to lower the price, it's better to raise the deductibles to make the overall renters insurance price more palatable. If you do think about raising your renters insurance deductibles, do so with caution. The price of your policy will go down, and in fact it may actually drop considerably. But if you set your deductibles too high, you will severely limit your ability to ever make a claim. High deductibles prevent small claims of any sort because the amount you have to come up with first is larger than the cost of the claim itself in so many cases. You might keep your price down this way, but you're effectively choosing to self insure and negating the value of your coverage with deductibles set too high.
Shop Around for Best Prices
For this reason, altering the terms of the renters insurance policy is really not the best way to improve your renters insurance price. There are better ways to go about doing this. Check with your existing life or auto insurer about getting a multi policy discount if you add a renter policy to your stable of coverage with that company. Given the right set of circumstances you could save on both plans at the same time.
Above all else, shop around for the best prices. Renters of any age or socioeconomic status can benefit from saving money the old fashioned away, rolling up their sleeves and searching for a better deal. Luckily for all of us, the presence of free quote sites like ours make it easy to look for a better renters insurance price.