What Is The Average Amount Of Renters Insurance?
14231 POINTSview profileTom SheehanAgency Owner, The Thomas G Sheehan Agency, 27 Glen Road Sandy Hook, CT 06482That is a little hard to say because rates can differ by location and from state to state. Here in CT, I find the average to be between $200.00 and $300.00 annually. There are three primary elements of coverage that drive the premium. First, the amount of personal property coverage you choose, it should reflect the value of your personal belongings. The second is the deductible you choose - the higher the deductible, the lower the premium. Finally, the amount of liability coverage you choose. We generally recommend at least $300,000.Answered on August 6, 2013flag this answer
1365 POINTSview profileRobert Attala LUTCF, PFPAgency Owner, A1 Insurance LLC, Arizona, California AgencyGreat Question. The average renters insurance is around $20,000 of personal property. Most people who rent a house, apartment or condo have about that much in personal property. Which can include furnature, cloth, televisons, computer and other personal items that a person needs every day. Some people have more than others in term of stuff.Answered on September 25, 2014flag this answer
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