Renters insurance is a smart, preventative measure that protects your valuables and can save you from unexpected expenses. Though crucial, it doesn’t mean it has to be expensive. APOLLO offers comprehensive tenant insurance starting at just $11/month. Here are some insightful tips to help you find affordable renters insurance.
First things first, do not settle for the first insurance quote you get. Shop around and request free quotes from different insurance providers. This way, you can get a broader perspective on what’s affordable and what coverage each provider offers.
If you already have car insurance, it may be cheaper to get renters insurance from the same provider. Many companies offer discounts on bundled coverage.
The deductible is the amount you pay out of pocket before the insurance kicks in. Higher deductibles usually mean lower premiums. Be sure to set a deductible that you can comfortably afford, though.
Many insurance companies offer various discounts, such as security discounts for having smoke detectors, burglar alarms, or deadbolts. Ask about group discounts as well; some providers offer lower rates to members of certain organizations or professions.
Get the protection you need in minutes with custom Tenant Insurance from APOLLO.
Insurance companies often look at your credit score to decide on your premiums. A good score might help you pay less.
Always make sure you are not over-insuring. Do an inventory of your belongings to get a realistic estimate of how much your possessions are worth. This will ensure that you get enough coverage without paying for unnecessary extras.
APOLLO is Canada’s leading provider of tenant insurance, designed specifically for renters and customizable to your lifestyle. Get your free quote in less than a minute and we’ll send your policy documents right to your inbox.
Get the protection you need in minutes with custom Tenant Insurance from APOLLO.
Originally published June 30, 2023, updated August 9, 2024
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Get no-nonsense coverage that's the best value for your money. Purchase policies from your computer or phone, receive your documents instantly, and save when you buy online.
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