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 most cases. Our guide below can answer questions you might have about Idaho renters insurance.
Average Renters Insurance Cost in Idaho
If you rent an apartment or house in Idaho, you are one of approximately 30% of Idaho residents who rent. Given that the average cost of annual premiums for renters insurance is $157 — or 16% less than the national average—how can you afford to not insure your possessions? Even for minimum wage-earners, it would take only 22 hours on the clock to pay for the annual premium.
Idaho Rental Insurance Coverage
A renters insurance policy can help protect you against fire, wind, storms, and much more. Renters insurance can also come to your aid in the event of burglary or if someone is hurt while visiting you.
We hate to say it, but bad things happen all the time. In Idaho in 2012 alone, there were 7,186 burglaries. Consider all of the things in your home—jewelry, clothing, electronics, furniture—and whether or not you could afford to replace them yourself if something happened to them. If not, consider a renters insurance policy. It can come in and save the day when you least expect it.
Renters Insurance Discounts in Idaho
Where you live, what you own, your claims history, and whether you have another policy with an insurance company all factor into your renters insurance premium. Renters insurance policies are already affordable, but you may qualify for extra discounts, including:
- Multi-Policy: Bundle auto or another insurance plan with renters insurance and save.
- No Prior Claims: Save on your insurance bill if you have a clean claims
- 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.
Idaho Renters Insurance Facts
Idaho renters pay an average of $705 for a two-bedroom rental and just $157 annually for renters insurance. Since it’s so cheap comparatively speaking, buying renters insurance is something you really should set aside a little bit of money for. You never know, it could save you big time if you ever need to file a claim.
Your Renters Insurance Resource
Let an expert agent assist you in finding a great Idaho renters insurance policy by calling [mapi-phone /]. If you’re ready to shop around, you can get a free quote. If not, they can answer any additional questions you may have.