{"id":25009,"date":"2020-11-16T16:35:33","date_gmt":"2020-11-17T00:35:33","guid":{"rendered":"https:\/\/www.freeway.com\/?page_id=25009"},"modified":"2024-11-29T10:56:19","modified_gmt":"2024-11-29T18:56:19","slug":"renters-insurance","status":"publish","type":"page","link":"https:\/\/www.freeway.com\/insurance-options\/renters-insurance\/","title":{"rendered":"Get Affordable Renters Insurance in Minutes"},"content":{"rendered":"
\n
\n \n

Protect your Belongings with Cheap Renters Insurance<\/h2>\n

<\/h3>\n
\n
\n

Over 100 million people are renting their homes in the United States. Unfortunately, many of them don\u2019t understand the importance of carrying renters insurance to protect their belongings.<\/p>\n

Renters insurance is an affordable way to get important peace of mind. Protecting your belongings from fire, theft, or other common perils is essential and doesn\u2019t have to break the bank. Contrary to popular belief, your landlord\u2019s insurance won\u2019t cover your items. If you\u2019re ready to rest easy knowing you\u2019re protected, contact Freeway Insurance today to get the cheapest renters insurance.<\/p>\n <\/div>\n \n \n \n
\n

\n \n Renters FAQ<\/span>\n <\/a>\n <\/div>\n \n
\n <\/div>\n <\/div>\n <\/div>\n<\/section>\n\n
\n
\n \n

Who Needs Cheap Renters Insurance?<\/h2>\n

<\/h3>\n
\n
\n

From a legal perspective, renters are not required to have any degree of home insurance protection. This is different from the world of\u00a0car insurance<\/a>, where most states require liability insurance for all drivers.<\/p>\n

It is common to compare car insurance rates<\/a>, but many renters don\u2019t think about it with renters insurance. With Freeway, you can compare rates with both auto insurance and renters insurance to find the most affordable option.<\/p>\n

The fact that renters insurance isn\u2019t legally required doesn\u2019t mean you don\u2019t have to have it since it\u2019s pretty much the only way to protect what you own from floods, fires, and other unexpected threats.<\/p>\n

So, the best way to answer the question \u201cIs renter\u2019s insurance worth it?\u201d is with another question: How much do you care about the things you own?<\/p>\n <\/div>\n \n \n \n \n

\n <\/div>\n <\/div>\n <\/div>\n<\/section>\n\n
\n
\n \n

How Much Renters Insurance Coverage Should You Have?<\/h2>\n

<\/h3>\n
\n
\n

How do you figure out\u00a0how much coverage\u00a0you actually need? First, do a home inventory to make a list of your valuable property. Try to get an idea of how much it would cost to replace these things.<\/p>\n

Second, begin pricing out different rental insurance policies. Your goal is to find a policy with an overall coverage limit higher than the value of your belongings. The amount of coverage is an important consideration when choosing a policy.<\/p>\n

Finally, you need to look at the liability coverage (if any) in those policies and decide if you need extra coverage. Liability insurance provides protection if someone injures themselves inside your home and decides to sue. If you don\u2019t have enough savings to help fight a lawsuit, you should consider getting additional liability coverage.<\/p>\n

Remember, a\u00a0landlord\u2019s insurance policy<\/a>\u00a0doesn\u2019t cover these things on your behalf. You need your own insurance.<\/p>\n <\/div>\n \n \n \n \n

\n <\/div>\n <\/div>\n <\/div>\n<\/section>\n\n
\n
\n \n

How Much is Renters Insurance? <\/h2>\n

<\/h3>\n
\n
\n

Make no mistake: Insurance for apartments<\/a> and rented homes\u00a0is worth the cost. The average rental insurance is less than $200 a year, or $16 a month, and there are easy ways to compare renters insurance rates.<\/p>\n

\"Close<\/p>\n

The good news is that there are several potential ways to lower how much you pay. The first way is to take out a higher deductible. While this increases the amount you have to pay out of pocket if there is an incident, it will definitely lower your monthly premium.<\/p>\n

Another\u00a0way to save money on renters insurance<\/a>\u00a0is to install certain safety devices throughout the house. Things like extra smoke alarms and deadbolts serve to make your home that much safer. In turn, a safer home typically means the insurance carrier can offer you lower prices.<\/p>\n <\/div>\n \n \n \n \n

\n <\/div>\n <\/div>\n <\/div>\n<\/section>\n\n
\n
\n \n

How to Lower Your Rental Insurance Premium? <\/h2>\n

<\/h3>\n
\n
\n

In some cases, simply improving your credit can lower your rate. As with car insurance, most states allow insurance carriers to consider your credit rating as a factor in how much you pay. By monitoring and repairing your credit as needed, you may be able to negotiate a better rate.<\/p>\n

You may ask, \u201cIs renters insurance paid monthly like my rent?\u201d The answer is yes, but if you have the cash on hand, one easy way to reduce your premium is to pay annually instead of just monthly. It makes for a bigger payment upfront but reduces your overall cost.<\/p>\n

Finally, the best way to lower how much you pay is to\u00a0shop around for a new insurance carrier<\/a>. We recommend contacting multiple carriers and getting quotes. This way, you can pick the price and coverage level that best meets your unique needs. Sometimes, the cheapest renters insurance is the right answer, while it\u2019s best to choose better coverage in others.<\/p>\n <\/div>\n \n \n \n \n

\n <\/div>\n <\/div>\n <\/div>\n<\/section>\n\n
\n
\n \n

What Damage Does Renters Insurance Cover?<\/h2>\n

<\/h3>\n
\n
\n

Renters insurance is a great way to protect your belongings. But, like all insurance policies, your renters insurance is somewhat limited in what it covers. Therefore, it\u2019s worth answering another basic question: What items does renters insurance actually cover?<\/p>\n

Renters insurance personal property coverage will cover the following belongings:<\/p>\n <\/div>\n \n

\n