How to Get Affordable Renters Insurance Quotes
Renters insurance is an important investment for anyone who is renting a home or an apartment. This type of insurance helps protect your personal belongings from theft, damage, and disasters, and it can also offer liability coverage in case someone gets injured while in your rental property. However, for many people, the cost of renters insurance can be a concern. In this article, we will explore several tips and tricks to help you find the most affordable renters insurance quotes.
Need Tenant Insurance?
1. Shop Around
Don’t settle for the first renters insurance quote you receive. Instead, make sure to shop around and compare quotes from different insurance providers.
Utilize online comparison websites to easily compare rates and policy details from multiple providers at once.
Contact insurance agents or brokers in your area, as they may be able to provide you with additional options.
2. Bundle Your Policies
Consider purchasing your renters insurance from the same company that provides your auto or other insurance policies.
Insurance companies often offer discounts for bundling multiple policies, which can lead to significant savings on your renters insurance.
3. Opt for a Higher Deductible
By choosing a higher deductible, you can lower the cost of your renters insurance premium.
Keep in mind that while this can result in cheaper monthly payments, you will need to pay the higher deductible amount before the insurance company covers any claims.
APOLLO offers tenant insurance starting at just $11/month.
Get the protection you need in minutes with custom Tenant Insurance from APOLLO.
4. Take Advantage of Discounts
Many insurers offer various discounts for renters insurance policies. Some examples include:
Multi-policy discounts
Non-smoker discounts
Discounts for having safety features such as smoke detectors, fire extinguishers, and alarm systems
Make sure to ask your insurance provider about any discounts they may offer, and take advantage of those for which you’re eligible.
5. Maintain Good Credit
Your credit score plays a role in determining the cost of your insurance premiums.
By maintaining good credit and paying your bills on time, you can often secure lower insurance rates.
6. Evaluate Your Coverage Needs
Assess the value of your belongings and calculate how much coverage you actually need.
Overestimating your coverage needs can result in unnecessarily high premiums.
It’s also wise to periodically review and update your coverage as your assets and circumstances change.
APOLLO offers tenant insurance that’s as effortless as it is affordable, starting at just $11/month. Get your free quote on our online platform and we’ll send your policy documents directly to your inbox.
APOLLO Has You Covered
Get the protection you need in minutes with custom Tenant Insurance from APOLLO.
Originally published June 29, 2023, updated August 25, 2023
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