{"id":367,"date":"2018-02-08T20:30:30","date_gmt":"2018-02-08T20:30:30","guid":{"rendered":"https:\/\/www.freeway.com\/knowledge-center\/?p=367"},"modified":"2021-08-18T17:55:56","modified_gmt":"2021-08-18T17:55:56","slug":"how-can-i-save-money-on-renters-insurance","status":"publish","type":"post","link":"https:\/\/www.freeway.com\/knowledge-center\/renters-insurance\/tips-for-renters\/how-can-i-save-money-on-renters-insurance\/","title":{"rendered":"How Can I Save Money on Renters Insurance?"},"content":{"rendered":"<p><a href=\"https:\/\/www.freeway.com\/insurance-options\/renters-insurance\/\">Renters insurance<\/a> is one of those necessities that often gets overlooked, and one of the biggest reasons for that is that people don\u2019t realize how cheap renters insurance can be. Most people are surprised to discover that renters insurance cost is much less than they expect, but today it gets even better, as we\u2019re going to discuss ways that you can keep that already-low cost to its minimum.<\/p>\n<h2>How Much Does Renters Insurance Cost?<\/h2>\n<p>Your first step in keeping the cost of your apartment insurance low is to compare renters insurance rates. If you\u2019ve never shopped for affordable renters insurance before, you are probably wondering, how much is renters insurance? You might be shocked when you realize that the average cost of renters insurance is only about $144 annually; for that, you\u2019ll typically get $30,000 in property coverage, plus $100,000 in liability.<\/p>\n<h2>How to Save Money on Renters Insurance<\/h2>\n<p>As you begin getting renters insurance quotes, there are a number of things you can do to get the best rates possible. Here are some of the best strategies we\u2019ve found to keep your rates down.<\/p>\n<ul>\n<li><strong>Bundle your policies<br \/>\n<\/strong>You probably have other types of insurance policies. One of the best ways to save on all your policies is to bundle them. Many insurance companies offer discounts if you have multiple policies with them, so be sure to check with any insurance companies you currently work with.<\/li>\n<li><strong>Keep your risk low<\/strong><br \/>\nAll insurance rates depend on risk, so if you can reduce that risk you\u2019ll save. This is especially important when you\u2019re looking for a new place to live, since living in a safer neighborhood means better rental insurance rates. Even if you\u2019re not moving, be sure the place you live is as safe as possible by having working smoke detectors and fire extinguishers. Some companies offer discounts for security alarms and fire sprinklers, too.<\/li>\n<li><strong>Maintain a healthy credit score<br \/>\n<\/strong>Your credit score will impact your rates, so be sure you\u2019re paying all your bills on time. If your score is lower than it could be, it\u2019s not too late to start working to improve it.<\/li>\n<li><strong>Get the right amount of coverage and the right deductible<br \/>\n<\/strong>It is time consuming to properly assess the value of your possessions, but doing so ensures that you\u2019re not over-insuring or under-insuring your property. You don\u2019t want to pay for more coverage than you need. Also, the higher your deductible, the lower your rates will be, so if you know you\u2019ll be able to afford a higher deductible when you need it, raising it will reduce your rates.<\/li>\n<li><strong>Take advantage of auto-pay<br \/>\n<\/strong>Auto-pay is a convenient way to ensure that you\u2019ll never miss paying your bill. Better yet, your insurance company might offer a discount for doing so. Paying semi-annually or annually instead of monthly will probably also get you a nice discount, so consider this if you can.<\/li>\n<\/ul>\n<p>Rental insurance is important for apartment-dwellers to have, and using the strategies outlined here you\u2019ll get the best rates available. When you\u2019re shopping for insurance for your rental, bundling, using auto pay, and getting the right amount of coverage will keep you from ever paying more than you need to for rental insurance.<\/p>\n<p><em>Freeway Insurance can help you find the best renters insurance coverage at the best price. Request a free <a href=\"https:\/\/www.freeway.com\/insurance-options\/renters-insurance\/\">renters insurance quote online<\/a> or over the phone at <strong>800-777-5620<\/strong> and find out just how affordable renters insurance can be.<\/em><\/p>\n<div class=\"link-button__container\" style=\"text-align: center\"><a class=\"link-button link-button_1\" href=\"https:\/\/www.freeway.com\/renters-insurance-quote-form\">Get a Quote<\/a><\/div>\n<div class=\"link-button__container\" style=\"text-align: center\"><a class=\"link-button link-button_1\" href=\"tel:800-777-5620\">Call Us<\/a><\/div>\n<div class=\"link-button__container\" style=\"text-align: center\"><a class=\"link-button link-button_1\" href=\"https:\/\/locations.freeway.com\/\" target=\"_blank\" rel=\"noopener\">Find Your Office<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Renters insurance is one of those necessities that often gets overlooked, and one of the biggest reasons for that is that people don\u2019t realize how cheap renters insurance can be. Most people are surprised to discover that renters insurance cost is much less than they expect, but today it gets even better, as we\u2019re going [&hellip;]<\/p>\n","protected":false},"author":1002552,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[71],"tags":[112,114],"importance":[],"type-content":[],"acf":[],"_links":{"self":[{"href":"https:\/\/www.freeway.com\/knowledge-center\/wp-json\/wp\/v2\/posts\/367"}],"collection":[{"href":"https:\/\/www.freeway.com\/knowledge-center\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.freeway.com\/knowledge-center\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.freeway.com\/knowledge-center\/wp-json\/wp\/v2\/users\/1002552"}],"replies":[{"embeddable":true,"href":"https:\/\/www.freeway.com\/knowledge-center\/wp-json\/wp\/v2\/comments?post=367"}],"version-history":[{"count":8,"href":"https:\/\/www.freeway.com\/knowledge-center\/wp-json\/wp\/v2\/posts\/367\/revisions"}],"predecessor-version":[{"id":5850,"href":"https:\/\/www.freeway.com\/knowledge-center\/wp-json\/wp\/v2\/posts\/367\/revisions\/5850"}],"wp:attachment":[{"href":"https:\/\/www.freeway.com\/knowledge-center\/wp-json\/wp\/v2\/media?parent=367"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.freeway.com\/knowledge-center\/wp-json\/wp\/v2\/categories?post=367"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.freeway.com\/knowledge-center\/wp-json\/wp\/v2\/tags?post=367"},{"taxonomy":"importance","embeddable":true,"href":"https:\/\/www.freeway.com\/knowledge-center\/wp-json\/wp\/v2\/importance?post=367"},{"taxonomy":"type-content","embeddable":true,"href":"https:\/\/www.freeway.com\/knowledge-center\/wp-json\/wp\/v2\/type-content?post=367"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}