Having a renters insurance policy is crucial in case you are a victim of theft, a fire breaks out, or a guest is injured on your property. That’s because it helps protects you from legal and medical costs and in most cases, will assist you in recouping your damaged or stolen belongings. Our guide below can answer questions you might have about Alabama renters insurance.
The Average Price of Renters Insurance in Alabama
Alabama renters–are you insured? If not, you should be. While Alabamians pay an average of $239 a year on rental property insurance—about 28% higher than the national average—it still costs considerably less than it would to replace all of your belongings if something bad happened to your rental.
As a matter of fact, you would only need to work 33 hours on a minimum wage salary to pay for the annual premium of your Alabama renter’s insurance. Long story short: get renters insurance because for a small amount, you’ll get plenty of coverage!
What Alabama Rental Insurance Covers
A forgotten candle torches your bedroom. A burst pipe soaks your vintage rugs. A home invasion cleans out all of your valuables. Renters insurance can protect you against all of this. Did you know that in Alabama in 2012, there were $47,481 burglaries? While we hope you never do have to experience this, it happens to unsuspecting people more often than you might think.
More Alabama Renters Insurance Facts
Of all Alabama residents, 30% percent are renters. On average, these renters pay about $710 a month for a two-bedroom apartment—compared to the average cost of a yearly renters insurance policy in Alabama: $239 doesn’t seem expensive.
How You Can Save
Factors that can have an effect on your renters insurance premium include: the area you live in, the things you own, claims history, and other policies from insurance companies you might currently have. Even though renters insurance is already budget-friendly, there are discounts you can qualify for, including:
- Multi-Policy: Save when you combine policies like auto, home, and renters.
- No Prior Claims: If you haven’t ever filed a claim, you’ll save on your rental insurance premium.
- Safety Devices: Smoke detectors, sprinklers, anti-theft systems, and home monitoring systems can save you money.
- Higher Deductibles: Agreeing to a higher deductible can lower your renters insurance premium. But be careful, make sure the deductible is something you can afford if you need to make a claim.
Shop For Renters Insurance In Alabama
Don’t let an unfortunate event reek twice the havoc. Call 855-462-2213 today to get a quote for an Alabama renters insurance policy that could help you when you need it.