How can I save money on renters insurance and still get the coverage I want?

There are several ways to save money on renters insurance while still getting the coverage you want. Here are some tips:

  1. Shop around: Get quotes from multiple insurers and compare their coverage and prices.
  2. Increase your deductible: Raising your deductible can lower your premium. However, make sure you can afford the higher out-of-pocket expense if you do need to make a claim.
  3. Bundle policies: If you have other insurance policies, such as auto insurance, consider bundling them with your renters insurance to receive a discount.
  4. Ask about discounts: Many insurance companies offer discounts for things like safety features, multiple policies, or being a non-smoker.
  5. Maintain good credit: Some insurers use credit scores to determine premiums, so maintaining a good credit score can help you get lower rates.
  6. Avoid making small claims: Making frequent small claims can lead to higher premiums in the long run. Consider only filing claims for significant losses.
  7. Review your coverage regularly: Make sure your policy still meets your needs and adjust your coverage as necessary to avoid paying for coverage you don't need

Disclaimer: The questions and answers above are for educational purposes only. They are meant to provide the public with a general conceptual understanding of insurance and do not constitute advice or analysis. Some answers might be incomplete, outdated, and even not always accurate depending on the particular rules applicable to your state. Importantly, these questions and answers are generic and do not relate to any particular insurance product, including products available on the Waffle platform. If you have any questions about any of your own insurance products, always check the policy first and direct your questions to your insurance agent or the insurance company underwriting your policy.