Here's how to get the cheapest renters insurance rate with a top company.
Save up to $250 The first thing you need to do to get the cheapest rate is to compare quotes from as many insurance companies as you can.
Rates can vary by hundreds of dollars from one company to the next, so spending a few minutes comparing quotes from different companies could save you hundreds of dollars a year.
The easiest way to compare quotes is to go to an insurance comparison website where you can get quotes from a number of A-rated companies, and get answers to any insurance question you may have.
Cut Your Premium in Half Increasing your deductible - the portion of a claim you must pay before your insurer will pay - can cut your insurance premium in half.
Just be sure you'll be able to pay the deductible should you need to file a claim.
Save 5% to 15% Purchasing your renters insurance and your automobile insurance through the same company can save you 5% to 15% on both your renters and auto insurance policies.
Safety Device Discounts Installing safety devices like smoke alarms and purchasing a fire extinguisher will get you a discount with most insurers.
Even if your insurer doesn't offer safety device discounts you should have smoke alarms and a fire extinguisher to protect you from a fire.
Security Device Discounts Security devices like dead bolt locks, window locks, and burglar alarms prevent thieves from stealing your possessions and will get you a good-sized discount with most insurers.
Miscellaneous Discounts Insurance companies offer numerous discounts such as non-smoker discounts, senior discounts, professional discounts, and many others.
Your insurer may not give you all the discounts you're eligible for, so make sure to ask about all the discounts you're entitled to and include them in your policy.