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Insurdinary lets you compare renters insurance policies to get the coverage you need to prevent steep out-of-pocket expenses when disaster strikes your home.
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Insurdinary is on a Mission to Make Renters Insurance Affordable for All

Tenants who lease or rent their homes rely on renters insurance to avoid the risk of costly out-of-pocket expenses due to unexpected accidents, such as fire, theft, and injuries. The average premium for renters insurance in the United States is $174 per year, significantly more affordable than most other types of insurance policies.

In contrast, homeowners pay an average of $1,272 yearly for homeowners insurance. However, the coverage limits are typically higher for homeowners insurance policies because they cover more property, including the structure of the home. Renters insurance doesn’t cover the home’s structure, but it does pay out for possessions, liabilities, and living expenses due to loss of use.

The average value of a renter’s belongings is $30,000 for a two-bedroom apartment, which is an astronomical sum for many people. About 48% of renters are under 30 years old, many living in apartments in high-cost-of-living areas like New York City and Los Angeles.
On average, 47% of renters spend nearly a third or more of their income on rent and utilities. Whether you’re just starting your career or enjoying retirement, keeping up with living expenses can be challenging, especially as rent prices rise each year. If you want to soften the financial blow in case the worst happens to your home, renters insurance is a must.

Typical renters insurance policies cover a wide range of incidents and disasters, including:
  • Fire
  • Smoke
  • Theft
  • Water damage
  • Natural disasters
  • Explosions
  • Windstorms
At Insurdinary, we offer a simple, transparent solution to finding affordable renters insurance with the exact coverage you need. We help find suitable policies and compare rates from leading providers, so you get the best coverage.

3 Easy Steps to a Great Renters Insurance Plan

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1. Discover Plans

Fill out a short questionnaire with information that will help us find policies that meet your needs.
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2. Compare Options

Review policies from top providers and find the lowest rates for your desired coverage.
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3. Quote and Apply

Receive quotes for your top choices in minutes and apply online for free!
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How Renters InsuranceWorks

About 55% of renters have renters insurance policies, which are available when you rent an apartment, townhouse, condo, or single-family home. Renters policies primarily cover possessions, including clothes, furniture, electronics, etc., but can also pay legal expenses for injury-causing accidents that occur on the rental property.

Some renters insurance plans include coverage for living expenses, such as hotel rooms, if your home becomes uninhabitable because of a covered accident. When you search for a renters policy, you’ll find options to include extra coverage for things that standard plans don’t cover.

You can also select various coverage limits, allowing you to choose higher limits if you have a lot of valuable possessions. If something happens to your property that your policy covers, such as a fire in your building, you can file a claim with your renters insurance provider. Providing photos and videos of your belongings and the damage will help support your claim.

If the insurance company approves your claim, you’ll receive reimbursement for expenses due to the damage. You'll pay for damage up to your policy's deductible. After that, your insurer covers the rest of the damage. For example, if you claim $1,000 of damage and your deductible is $250, you’ll receive $750.
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5 Things to Consider
Before Getting Renters Insurance

At Insurdinary, we source quotes from leading insurance companies to help you compare rates and keep coverage affordable.
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When searching for a renters insurance policy, you should keep these factors in mind:

Assess your coverage needs

Before you apply for renters insurance, take stock of your belongings, especially your most valuable items. More than likely, your estimate of the value of your possessions is much lower than the actual amount. You can support future claims by taking photos or videos of your home and belongings, noting down serial numbers and other product information that can help identify the items if you need to prove their value.

Research renters insurance companies

You can find numerous providers of renters insurance, but every company has different policies and rates. Excellent customer service should also be one of your top priorities when choosing an insurance company. The best insurance companies not only offer affordable policies and comprehensive coverage, but they also value their customers highly. One sign of a good renters insurance provider is representatives who thoroughly answer your questions, helping you understand every aspect of the policy.

Compare renters insurance policies

When looking at various insurance policies side by side, you likely look at the price first. While the rates are important, you should also pay attention to the types of coverage they offer and the maximum amount you can claim. You might be fine with a standard policy, but you should consider choosing policies that allow you to customize the deductibles, limits, and types of coverage to suit your specific needs.

Look for discounts

Some providers offer discounts that could lower your insurance costs. For example, many companies lower your rate if you bundle various types of insurance together, such as auto, life, and umbrella insurance.

Actual cash value vs. replacement cost

Find out whether the provider will reimburse you on the basis of actual cash value or replacement cost. Actual cash value is the amount you receive equals the current value of your belongings. With replacement cost coverage, you receive enough to purchase brand-new replacements for your possessions.

Types of Renters Insurance Coverage

Renters insurance typically includes three main types of coverage, including:

Personal Possessions

Coverage for personal possessions includes the contents of your home, such as furniture, clothing, electronics, small appliances, and hobby items like guitars and sports equipment.

High-value items like jewelry, collectibles, and art might require extra coverage and an appraisal to ensure you receive the correct amount for reimbursement.

Without special coverage, most policies won’t pay above a certain limit for valuable possessions.

Personal Liability

Personal liability coverage is for situations where you face legal issues because of an accident that occurred on the rental property.

Examples of accidents you could be liable for include a guest slipping and falling or your dog biting someone in your home.

This coverage pays for your legal defense and any damages that the court orders as a result of the accident. Even for moderate injuries, damages can range between $3,000 to $10,000.

Additional Living Expenses

Also known as “loss of use” coverage, additional living expenses coverage pays for the cost of living elsewhere if your home is uninhabitable because of a covered incident.

Covered living expenses can include hotel stays, pet boarding, meals, and other costs resulting from your displacement.

Choosinga Renters Insurance Plan

Choosing the right renters insurance plan is vital for protecting your assets from unexpected costs due to accidents, natural disasters, theft, and liabilities. With so many options to select from, you might feel overwhelmed when comparing plans. At Insurdinary, we make the process as simple as possible so you can have peace of mind.

Our team has one goal: to help you find the best renters insurance at the best price. We can help you learn more about renters insurance so you can make informed decisions when choosing between policies. When you’re ready to start your search, we provide a fast, simple, and free solution to get quotes from top renters insurance providers.
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Do You Need
Renters Insurance?

Yes, renters insurance is generally a worthwhile investment for most households, and it’s one of the most affordable types of insurance for covering property. For affordable monthly premiums as low as $5 or $10 dollars, you can have peace of mind knowing that your home, furniture, and possessions are safe in the event of a break-in, fire, or disaster.

The following are reasons why renters insurance is highly recommended for renters:

Your Landlord Might Require Renters Insurance

While the law doesn’t require you to have renters insurance, many landlords ask tenants to prove they have a renters insurance policy. You might need to provide proof before you sign the lease or within a specific time.

A common misconception is that your landlord’s insurance will pay for your property if there’s a fire, burglary, or other incident that causes you to lose your possessions. Your landlord’s insurance covers the building, but it doesn’t protect your belongings inside.

Paying Out-of-Pocket is Expensive

Most people would not be able to afford to replace all of their clothes, electronics, furniture, and other valuables if disaster strikes their home. Renters insurance protects you from significant financial struggle, helping you recover after a devastating accident.

Legal expenses can also be costly if someone sues you after getting injured on your rental property. Not only do you have to pay the damages if the court finds you liable, but you also have to cover the expenses of hiring a lawyer.

Insurance Gives You Stability

If your apartment suddenly floods from a leak in your pipes or smoke damage causes your home to become unlivable, renters insurance can mean the difference between going into debt and recovering financially. When you file your claim, your provider will cover your living expenses while your home undergoes repairs.

Whether you stay in a hotel or temporarily rent another property, you don’t have to worry about draining your savings to get by. While you focus on living, working, and recovering, your insurance provider covers your meals, pet boarding fees, and other essential living expenses.

Insurance Gives You Peace of Mind

The covered incidents in your renters insurance policy, such as burst pipes, lightning, and break-ins, can happen at any time to anyone. If you have a good insurance plan, you can rest assured that you’ll have financial support if something happens to your home and belongings. You can work with your insurance provider to choose a policy that meets your needs and works with your budget. For less than $200 per year on average, you can secure your finances from the worst case scenario.

Why Choose Insurdinary for Renters Insurance Quotes?

Insurdinary helps renters find the right coverage and save money on renters insurance by offering a free and easy way to compare rates online.
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Get Quotes Fast

With Insurdinary, you don’t have to spend hours reviewing policies on multiple sites. In just a few minutes, you can receive quotes from reliable renters insurance providers.

You can easily compare rates and choose the policy that fits your budget and needs.
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Secure the Lowest Rates

Are you searching for the most affordable renters insurance? Insurdinary specializes in finding the lowest rates for various renters insurance policies.

Review policies from multiple providers side-by-side to find the best prices and coverage.
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Enjoy Easy Sign Up

You can apply for your favorite affordable renters insurance policy from the comfort of your home. Our online application process is highly accessible, free, and remarkably quick!

At Insurdinary, we strive to save you as much time and money as possible.

Choose the Right Renters Coverage for You and Your Family

Saving on your renters insurance is important, but you also want to get the right coverage for your rental property. It can be tricky to find out exactly how much coverage you need for your valued possessions and personal liability, and choosing the wrong amount can put you in a tough financial spot if something unfortunate happens.

By offering a way to easily compare renters insurance policies online, we help you get the renters insurance coverage you need. You can quickly review coverage amounts for the following:
Stolen or damaged electronics, furniture, clothing, etc.
Extreme weather damage
Personal liability, including legal and medical fees
Burst pipes in your or your neighbor’s unit
Fire and smoke damage
Home Repairs
With Insurdinary, you don’t have to worry about hidden fees or upfront deposits. We’ll send you quotes from the best insurance providers in minutes for free.
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How to Choose and Customize the Right Insurance Plan

A basic renters insurance policy might be suitable for many renters, but it’s often best to review and tweak your plan to fit your needs. You definitely won’t want to find out you have the wrong coverage after it’s too late to make changes and you’re on the hook for a huge sum.

Let's get into detail about the inner workings of renters insurance to help you make the best decision for your circumstances.

How Costs are Calculated

Each insurance company calculates the cost of renters policies differently, but we can offer some common examples of how providers decide your premium.
  • Where you live has an impact on your premium, depending on the risk of natural disasters like tornadoes or wildfires. High-risk areas typically have higher insurance costs.
  • Past insurance claims, even if you filed them with a different company, can affect your premium. Recent claims could raise the amount by up to 20%.
  • Your credit history can influence insurance companies to offer higher or lower premiums, depending on whether you have good or bad credit.
  • Your coverage limits determine how expensive your renters insurance is. If you need a more affordable plan, you’ll need to choose lower coverage limits.

How Deductibles Work

A deductible is the amount you pay after a covered incident before your insurance kicks in to cover the rest. For example, if your deductible is $500 and your damage claim is $5,000, you'll pay $500, then your insurance provider will cover the remaining $4,500.

If you choose a low deductible, your monthly premium will be higher. Selecting a higher deductible is one way you can reduce the monthly cost of your renters insurance. However, be sure the deductible you choose is an amount you can afford to pay in an emergency.

Available Cost-Sharing Options

You’re most likely familiar with the cost-sharing options of medical insurance, such as coinsurance and copays. With renters insurance, you only have to pay your monthly premium and meet your deductible before your insurance covers the rest. Depending on your deductible amount and coverage limits, you can save thousands of dollars in property damage.

How to Find Affordable Plans

The best way to find the lowest rates for the renters insurance coverage you require is to compare quotes from multiple insurance companies. While it might be tempting to apply to the first provider you research, taking the time to shop around can save you money.

Using Insurdinary is the best way to find renters insurance policies you can afford. We do the work for you by sending you quotes from top providers so you can compare them in one place.

How to Keep Insurance Costs Low

You can save on renters insurance in a variety of ways, including:
  • Choose bundled insurance. Many leading insurance providers offer discounts when you purchase multiple types of insurance.
  • Install security devices. Some insurers lower your rate if you have security systems protecting your property, such as break-in alarms, smoke alarms, etc.
  • Shop around online. It’s best to review quotes from several insurance companies to ensure you’re getting the best price for your coverage.

Renters Insurance
Frequently Asked Questions (FAQ)

The following are some of the most frequently asked questions about renters insurance:

How do I know if I’ve chosen the right renters insurance plan?

If you prepare information about your property and finances before searching for a renters insurance policy, you’ll have a much better idea of which policies meet your requirements. You should choose a policy with a property coverage limit that exceeds the total value of your possessions and a premium that fits your budget.

What does renters insurance cover?

Renters insurance typically covers the following:
  • Fire and smoke damage
  • Water damage from internal leaks
  • Natural disasters (not including floods or earthquakes)
  • Lost or stolen property, including clothes, electronic devices, furniture, etc.
  • Personal liability, including medical and legal expenses
  • Living expenses while your home undergoes repairs

Are there any tricks to saving money on renters insurance?

Yes! Besides comparing multiple quotes online with Insurdinary to find the lowest price, you can also take advantage of discounts for multi-policy insurance plans and security systems in your home. Some insurance providers also reduce rates for choosing autopay and paperless billing or for paying your policy all at once instead of monthly.

How long does it take to get my renters insurance quotes from Insurdinary?

With Insurdinary, you can receive renters insurance quotes within one to five minutes!
See coverage options for multiple renters insurance policies, receive a quote for your monthly premium, and apply online in minutes with Insurdinary! We can help you secure your home with an affordable insurance plan.
No deposit necessary  •  Only pay when you sign up for a policy  •  No added fees
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