How to Get Renters Insurance for Cheap
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. Here are some insightful tips to help you find affordable renters insurance.
Need Tenant Insurance?
1. Compare Different Insurance Companies
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.
2. Bundle Your Insurance
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.
3. Increase Your Deductible
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.
4. Take Advantage of Discounts
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.
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5. Keep a Good Credit Score
Insurance companies often look at your credit score to decide on your premiums. A good score might help you pay less.
6. Assess Your Coverage Needs
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.
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Originally published June 30, 2023, updated October 10, 2025
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Tenant Insurance Starting at $13/month
The only tenant insurance with a Best Price Guarantee. Already have a policy or quote? We’ll beat the price. Guaranteed. Terms apply.
Get a free quote
4.7 rating
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