How Much Does Renters Insurance Cost On Average?
37376 POINTSview profileDavid G. Pipes, CLU®, RICP®Business Development Officer, T.D. McNeil Insurance Services, Fresno, CaliforniaOn average $10-15 per month, however, that doesn’t even indicate how much it might cost you. Your location, loss experience and policy limits could vary a great deal from average. The better question is, “How much can you pay in damages if someone is hurt in your unit, or if everything goes up in smoke, how will you get the money to start over?”Answered on March 21, 2014flag this answer- 37376 POINTSview profileDavid G. Pipes, CLU®, RICP®Business Development Officer, T.D. McNeil Insurance Services, Fresno, CaliforniaRental units are unique. The unit itself could be “standard” but the contents and activities of the occupants vary a great deal. One company offers a rental insurance policy at a ridiculous price. All that really tells you is that they will write a policy with an extremely low limit of coverage. Find an agent, get a price and get covered.Answered on August 7, 2014flag this answer
21750 POINTSview profileJim WinklerCEO/Owner, Winkler Financial Group, Houston, TexasThat is a great question! Renters insurance policies can cost more on one side of your town vs. the other, depending upon crime and age of the community, so it's tough to give you a solid number. Things like how much coverage you want, your deductible, even how close your apartment is to a fire hydrant can make a difference. Your best bet is to ask your complex managers for recommendations, or find an independent agent who will help you find the right policy. Don't worry, either way they are really fairly inexpensive. Thanks for asking!Answered on August 8, 2014flag this answer
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