Finding cheap renters insurance policies is easier than you might expect. Many insurance companies are dedicated to offering affordable solutions and improving your monthly insurance premiums.
With many insurance companies, you can get premiums as low as $23 per month or a year for $276. Now, renters’ insurance premiums change according to the coverage purchased. Before deciding on one, the recommendation is to do a preliminary study of your needs.
Every day new renters insurance companies are added to the market. They all have the same mission, to convince you to hire their services. Depending on your situation and financial possibilities, you can choose some of the following:
Lemonade Renters Insurance
If you are a university student, this insurance can be the best choice. It is an insurance company highly committed to its customers. From the moment you take on the rental, you will have at your disposal a convenient mobile application to keep you always informed of any changes and know the debts of your premiums.
It is known as one of the cheapest, with premiums starting at $5 per month. Of course, everything will depend on where you are staying. The coverages available with Lemonade range from property damage, extending insurance to high-value property such as cameras, jewelry, bicycles, or fine art to water damage.
Allstate Renters Insurance
Allstate has the best-priced policies when you’re seeking a solid option to enjoy all the right services of a good renter’s insurance. They offer flexibility and some additional coverages.
Their customer service is also highly appealing; the professionals in charge take excellent care of all the insured’s needs. They have discounts; among the most interesting are discounts for retirees, obtaining history without claims, automatic payment, and the possibility of combining different policies.
As for additional coverages, you will find identity theft protection and scheduled personal property add-ons.
Progressive renters insurance
The extensive list of discounts and the savings assured with Progressive policies position Progressive renter’s insurance as one of the cheapest insurance agencies. It includes in its options a multi-policy rate that is up to 12% cheaper compared to other insurance companies.
It also has the option to take advantage of the single deductible benefit at your disposal, where both policies share the deductible and allow you to save on covered losses. Some discounts offered by Progressive are for auto insurance policyholders, secure community, closed billing, and pay in full.
Additional coverage options include earthquake insurance, computers, personal injury, and water backup. All coverages are suitable for renters insurance.
State Farm Renters Insurance
Its premiums are cheaper than the rest, plus it has excellent benefits in its other categories when it comes to coverage. However, the company has the least amount of discount options for its top providers.
Some of the few discounts you will find with them are on the multi-policy package and security features.
As for their additional coverages, you will find the high-value personal property, identity theft, waterbed, and commercial property and liability. To learn more about their alternatives, you can visit their website.
Palanca Renters Insurance
Within the coverages, you will find a personal property, and in any chosen policy, you can customize it specifically to the categories of electronics and jewelry. Monthly premiums can be set as low as $5.
Among the additional coverages, you have Pet Parent to cover pet damage, identity theft, partner, and secondary hustle coverage for commercial property.
Many customers have rated this insurance as one of the most comprehensive. For that reason, people continue to contract it and enjoy all its services. So far, no one has had any regrets, and they feel that they get the help they need from the company.