I am thinking of getting renters insurance. What is the cost of most average cost of most polices?
Live in a 2 story, downstairs apartment ground floor, one level., I hold a doxie (weiner dog), my son who is an adult and my husband.
I live in Indianapolis contained by a one bedroom and it costs 10/month.
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 surrounded by 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 go up. Cost can be affected also by your location (insurance says some area's are complex risk for fires, vandalism etc) I'd bet you'll get quotes around $150-250 per year for general coverage. It's free to take the quotes - just start calling.
Answers: 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 elder will typically have a slightly higher premium, but the largest factor 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, spawn 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 within 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 give limits upwards of $300,000 in coverage. Although most renters choose the standard $100,000 surrounded by 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 put together sure to ask first.
For about $20,000 of coverage and a $500 deductible with replacement cost, renters insurance usually costs just about $150 a year, or less.
I live in Washington, DC and pay more or less $350/year
depends on how much coverage you want. renters ins is cheap and worth every penny. you can probably get coverage for you at more or less $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 beside, as you can get a discount for placing more than 1 line of business next to them