If you’re wondering about how much renters insurance cost, you’re not alone, it’s a common question we’re asked. With that said, it’s also tough to predict how much you’ll pay for renters insurance coverage without knowing some key details about the type of coverage you need.
Renters insurance coverage varies depending on the type of insurance coverage you’re looking for. The good news, renters insurance is affordable. Out of all the different insurance coverage types you can choose from, renters is one of the least expensive. However, that varies depending on exactly what you’re protecting.
If you’re looking for Colorado renters insurance, we recommend giving us a call at 1-303-623-1997 so we can discuss all your options. If you want a serious renters insurance quote, that’s the quickest way to get an accurate estimate on a renters insurance policy. We can help you compare multiple renters insurance quotes at once, so you can choose the best coverage at the best rate.
Renters Insurance Cost Varies A Lot
There’s several levels of renters insurance you can get, from a minimal renters insurance policy to a premium renters insurance policy. It all depends on what you want to cover in your policy. The more you protect, the more you’d expect to pay.
Minimal Renters Insurance – Would cover someone that doesn’t have a lot of assets. $12,000 property coverage. $80-$120 a year
Mid-Level Renters Insurance – This coverage usually includes property coverage around $50,000. $150-$200 a year
High-Level Renters Insurance – This coverage would have around $100,000 worth of property coverage. $300-$400 a year
Endorsements For High Value Items – If you want to protect your largest assets, endorsements would likely be needed. If you covered a $100,000 diamond ring, we estimate that it could cost $1,500-$2,000 a year.
*All of these are estimates to give you a general idea of what you may expect to pay for renters insurance coverage. If you want to get an accurate renters insurance quote, call our office at 1-303-623-1997.