How can I find cheap home renters insurance?


There are two basic ways to look for cheap home renters insurance: you can either contact an independent agent specializing in home and renters insurance, or you can do the research yourself using Internet search engines. Of course, using both options is the most secure way of shopping around for cheap home renters insurance.

How Cheap Is Cheap?

To determine what is a fair renters insurance price, you need to be aware of the national averages for this type of insurance. The average American will pay between $100 and $200 a year in home renters insurance premiums. Therefore, you can consider anything above these limits unreasonably expensive, unless certain specific conditions apply.

Although price is usually not a big issue with renters insurance due to its comparative affordability, there are a few things you can do to further lower your premiums, such as buy a high (but still affordable) deductible, and have your home renters insurance policy issued by your auto insurance provider.

Option 1: Hiring an Agent

This is usually a good option for people who feel they can't cope with the idiosyncrasies of looking for insurance. An insurance agent knows how to obtain different quotes, compare them and recommend the one that best suits your individual situation and insurance needs.

Be extra careful when choosing an agent, making sure that they have the necessary experience and qualifications. Also, beware of agents who are linked to certain insurance providers. An independent insurance agent is what you should look for, and don't forget you will have to pay a certain fee for using their services.

Option 2: Buying Renters Insurance Online

With the advent and the evolution of the Internet, this is now not only possible, but as easy as 1-2-3. Quite literally, it only takes a few steps to obtain a home renters insurance quote. Most insurance online quote tools are easily accessible via the search engines, they are free and extremely user-friendly.

You only fill in an application form with the necessary details, and you are automatically presented with renters insurance quotes provided by a dozen insurers. This is very handy as it gives you the chance to compare the quotes and select the one you deem best.

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