How Much Will Renters Insurance Cost?
37376 POINTSview profileDavid G. Pipes, CLU®, RICP®Business Development Officer, T.D. McNeil Insurance Services, Fresno, CaliforniaThe most expensive renter’s policy is the one that was never purchased. The cheapest renter’s policy is one that covers your entire claim. Whether it is liability or loss of property, inadequate or non-existing renter’s coverage is the most expensive. Consult with a knowledgeable agent and carefully weigh the risks. Regardless of what you pay in premiums, a well-designed plan will be the cheapest in the long run, particularly if there is a large claim.Answered on March 12, 2014flag this answer
21750 POINTSview profileJim WinklerCEO/Owner, Winkler Financial Group, Houston, TexasThat is a great question! A lot of the answer will depend upon where you live, and how much that you want to insure. A policy in a high crime area will obviously cost more than one in a safer area, and a smaller coverage amount a lot less than a higher one. That said, the typical policy averages at just less than $20 per month, but to be completely fair, I have no idea of where that number was derived from in the statistical study, so it may be a little more or less, where you live. But it should give you a budgeting point. I hope that helps, thanks for asking!Answered on June 26, 2014flag this answer
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