I am thinking of getting renters insurance. What is the cost of most average cost of most polices?

Question

Live in a 2 story, downstairs apartment ground floor, one level., I have a doxie (weiner dog), my son who is an adult and my husband.

Answer 1

I live in Washington, DC and pay about $350/year

Answer 2

Renters insurance costs will vary depending on the type of coverages you choose to purchase. There are three specific items that will affect your renters insurance policy.

1. The age, location and type of property.

2. The amount of personal property coverage.

3. The amount of liability coverage.

Dwellings that are older will typically have a slightly higher premium, but the largest factors in determining your renters insurance premium will involve the amount of personal property and liability coverages your purchase.

When you inquire about personal property coverage, make sure you ask for replacement cost and not cash value coverage. If you don't want a depreciated amount of money for your used items, I suggest you ask for replacement cost. Make sure you estimate how much it would cost to purchase everything in your apartment. This would include clothes, electronics and any other personal property you own.

The next factor in determining your renters insurance rate involves the amount of liability coverage you purchase. Most renter's insurance policies offer limits upwards of $300,000 in coverage. Although most renters choose the standard $100,000 in coverage to protect them from getting sued if anybody is injured on the property. This coverage may also protect your from damages if you have a pet and a child or adult is bitten. The cost between choosing between the different coverage amounts should be minimal, but make sure to ask first.

Answer 3

depends on how much coverage you want.  renters ins is cheap and worth every penny.  you can probably get coverage for you at about $200 per yr.  call a local independent agent and they can quote it for you for free.  you may also want to try the company you have your auto with, as you can get a discount for placing more than 1 line of business with them

Answer 4

I live in Indianapolis in a one bedroom and it costs 10/month.

Answer 5

renters insurance is based on how much coverage you want not what you live in

For example: you want coverage for your personal belongings, clothes, furniture, computers, etc in the amount of $20,000 (because that's what you believe your items to be worth if you had to replace them) The larger the amount in coverage you want - the price goes up. Cost can be affected also by your location (insurance says some area's are higher risk for fires, vandalism etc) I'd bet you'll get quotes around $150-250 per year for general coverage. It's free to get the quotes - just start calling.

Answer 6

For about $20,000 of coverage and a $500 deductible with replacement cost, renters insurance usually costs about $150 a year, or less.