Does anyone pay less than $40.00 a month for Renters Insurance? That seems high to me.?

Question

This covers minimum requirements.

Answer 1

This may differ for different states. So if your state insurance law is fixed on the specified amount then there is nothing to worry. People I know that are paying up to $110. $40 per month is bit tough. Anyways for this you may consult with your insurance company.

http://www.rghins.com/

Answer 2

When I rented mine was $10 a month.  That covered me up to like $50,000.  I went through State Farm.

Answer 3

OK, there are no "minimum requirements" valid for all states.  A basic policy, though should cost you about $150 a year, unless you're in FL.  

See what the annual cost is.  It's possible, that the actual premium is $20 a month, but you're paying  a $20 a month installment fee.  In which case, pay the policy in full!!!

Answer 4

I paid $107 a year for renter's insurance a few years back.  Went through the agency that I had my car insurance through (Grange), and I think I had a multiple-policy discount.  The $107 a year covered $25,000 for a total loss on the contents, but was otherwise pretty basic.  A few pricey items had to be listed separately for an additional premium...but I really didn't have much in the way of valuables.

Answer 5

I pay a little more than that for $40,000 & $500 deductible & replacement value.

Answer 6

my policy is for a homeowner of a small condo -i pay $200/yr thru Farmers.