Having a renters insurance policy is crucial in case you fall victim to fire, theft, or someone is injured on your property. Renters insurance will help you replace your belongings or cover medical costs in the majority of cases. Read more about Connecticut renters insurance below or call and chat with a licensed expert who can answer your toughest questions.
The Price For Connecticut Renters Insurance
Renters insurance can be a life-saver if you are robbed, your home is damaged by storm or fire, or if someone is hurt on your property. It’s relatively cheap too for the amount of coverage it offers. In Connecticut, renters insurance costs an average of $196 annually. Even on a minimum wage salary, it would take just 21 hours to pay for the annual premium. While that is 5% more than the national average, it’s still a minimal cost compared to the total cost of your possessions—not to mention the additional peace of mind you’ll feel by being covered should something happen.
Connecticut Rental Insurance Coverage
When you compare the cost of renters insurance with the price of replacing even a fraction of your belongings, it doesn’t come close. Since there were 14,711 burglaries in Connecticut in 2012, your odds of having something happen to your property are higher than you might think.
Consider the cost of all the items in your dwelling—your electronics, clothing, jewelry, furniture, household items. Would you be able to replace all of them if something happened? If not, then a renters insurance policy can help protect you and replace your belongings if you ever need to file a claim.
Discounts Make Renters Insurance in Connecticut Even More Affordable
Your renters insurance premium is determined by multiple factors, such as: where you live, your history of claims, any current policies you currently hold, and more. You can lower your premiums by qualifying for available discounts.
- Multi-Policy: Bundle auto or another insurance plan with renters insurance and save.
- No Prior Claims: If you haven’t ever filed a claim, you’ll save on your rental insurance premium.
- Safety Devices: Pay less if you install smoke detectors, anti-theft systems, or other safety devices.
- 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.
Connecticut Renters Insurance Facts
Approximately 32% of Connecticut residents are renters. And since the average price of a two-bedroom rental is $1,263 per month–compared to the annual renters insurance premium of$196, it’s something most people should be able to afford.
Usually you get what you pay for, but with cheap renters insurance premiums across the board, you get a lot more than you normally would for something so affordable.
Find Renters Insurance
If you’re ready for a quote for renters insurance in Connecticut, call a licensed agent at 855-462-2213 to hear more about your options. Insurance experts are standing by to help you find the best renters insurance premium and policy.