How to Get Cheap Home Insurance for Renters

As a renter, finding affordable home insurance can feel like just another item on your to-do list. But here’s the good news: protecting your belongings doesn’t have to break the bank. At APOLLO, we believe every renter deserves reliable coverage at a price that works for their budget. Here’s how you can snag cheap home insurance without sacrificing quality.

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Get no-nonsense coverage that's the best value for your money. Purchase comprehensive policies that are 25% cheaper than leading competitors, on average. Receive your documents instantly, and save when you buy online.

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5 Tips for Saving Money on Your Tenant Insurance

Here are five practical tips to help you save on your tenant insurance without sacrificing quality or peace of mind.

1. Shop Around and Compare Options

Not all insurance policies are created equal, and prices can vary widely between providers. Take the time to compare quotes from multiple companies. Better yet, choose a provider like APOLLO that makes getting a quote quick and easy—entirely online, with no paperwork.

2. Choose a Deductible That’s Right For You

Finding the right deductible is all about balance. A higher deductible can lower your monthly premiums, making your policy more affordable in the short term. However, it’s important to choose an amount you’re comfortable paying out of pocket if you ever need to file a claim.

3. Make an Annual Payment Rather Than Monthly

If it’s financially feasible for you, consider taking advantage of the discount APOLLO offers for paying your tenant insurance premium annually instead of monthly. By choosing an annual payment schedule, you could save significantly over the course of the year. Plus, it’s one less bill to worry about each month! 

4. Only Buy the Coverage You Need

While comprehensive coverage provides excellent peace of mind, optional add-ons may not always be necessary. Before selecting them, take a closer look at your belongings. If you don’t own expensive jewelry, sporting equipment, or high-end electronics, you might be able to skip additional coverage for high-value items. Choosing only what you need can help keep your premiums lower while still ensuring your essentials are protected.

5. Choose a Digital-First Provider

Traditional insurance policies come with higher costs due to overhead expenses. By choosing an online insurance provider like APOLLO, you’ll get access to affordable policies. Plus, our process is simple, fast, and stress-free.

APOLLO offers effortless tenant insurance designed to protect renters across Canada. Get your free quote in less than a minute and we’ll email your policy documents directly to your inbox.

Get comprehensive tenant insurance for what matters

Get no-nonsense coverage that's the best value for your money. Purchase in less than a minute, receive your policy instantly, and save when you buy online.

Get a Free Quote

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