When hunting for a renters insurance policy you need to consider:
The premium depends on a bunch of factors: the amount of property that you’re covering, the insurance company, where you live, and whether or not your apartment has smoke alarms or security devices. If you live in a costal area prone to hurricanes, or if you live in a city with a high crime rate, your premium will be higher to account for the greater chance that your belongings will suffer damage or disappear.
Most insurance providers will let you opt for a lower premium if you accept a higher deductible. Your policy will cost less because you’re taking on more risk yourself.
Be sure to ask a potential insurer about all of their available discounts. Having security systems, fire extinguishers, smoke detectors, dead-bolt locks, sprinkler systems and other such safety devices might help knock the premium down a bit. If your rented space isn’t fully equipped with these devices, apply a bit of friendly pressure on your landlord to add some of them.
Also, you may get a discount if you open a renter’s insurance policy with the same company that handles your auto insurance. Check in with your current insurance provider.
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| Type | Today | Week Ago |
|---|---|---|
| 15 Year Fixed | 4.62% ![]() |
4.67% |
| 30 Year Fixed | 5.15% | 5.15% |
| 1 Year ARM | 3.48% ![]() |
3.51% |
| 5/1 Year ARM | 3.62% ![]() |
3.68% |
| Type | Today | Week Ago |
|---|---|---|
| Line of Credit | 4.89% ![]() |
4.88% |
| 10 Year Loan | 7.47% | 7.47% |
| 15 Year Loan | 7.61% ![]() |
7.60% |
| Type | Today | Week Ago |
|---|---|---|
| Interest Checking | 0.28% | 0.28% |
| Money Market/Savings | 0.38% | 0.38% |
| 12 Month CD | 1.13% ![]() |
1.15% |
| 60 Month IRA CD | 2.40% ![]() |
2.41% |
| Type | Today | Week Ago |
|---|---|---|
| Cash Back Cards | 12.66% ![]() |
12.68% |
| No Annual Fee Cards | 12.08% ![]() |
11.97% |
| Reward Cards | 12.75% ![]() |
12.61% |
| Small Business Cards | 11.01% ![]() |
10.94% |
| Student Cards | 13.77% ![]() |
13.49% |
| Platinum Cards | 12.26% ![]() |
12.11% |
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