FRIDAY, DECEMBER 2, 2022
Most renters know how important it is to get renters insurance. You may also know that this type of policy is very inexpensive for the protection it offers. But did you know that you can save on renters insurance for even more reasonably priced coverage? Below is a list of ways to help you start saving right away!
- Credit: Generally speaking, responsible individuals have the highest credit scores. Insurance providers may use your credit score as an indicator of the risk you pose, and those with better scores may pay less for coverage. Review your credit report each year and immediately address any issues.
- Location: The safer your home, the lower your risk of filing a claim. Individuals who live in low-crime areas near fire stations are likely to pay less for coverage.
- Bundle: You have renters insurance and auto insurance (and possibly additional policies), so why not bundle them together with the same insurance provider? You could save on all of the policies within the bundle.
- Deductible: A higher deductible means that you assume more of the risk in the event of a loss, so you’ll pay lower premiums as a result.
- Device discount: Smoke alarms, fire sprinklers, burglar alarms and deadbolts can all lead to coverage discounts because they reduce the risk of losses. Additionally, nonsmokers often pay less since their risk of home fires is less than that of smokers.
- Customer loyalty discount: Some insurance providers reward loyal customers with a discount after a number of years of business.
- Payment: Insurance providers may tack a processing fee onto your payments, so fewer payments means less money wasted on those fees. Pay annually instead of monthly when possible.
We’ve got you covered. Call McInnis Insurance Services for more information on renters insurance.
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It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional
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