When something bad happens, like a fire from a neighbor’s apartment causes smoke damage in your home, or if a friend or family member gets hurt at your apartment, having renters insurance will often help out with these expenses. Our resource for Louisiana renters lays out the facts about renters insurance policies for you.
What is the average cost for renters insurance in Louisiana?
At $242, the average renters insurance premium in Louisiana is 29% more than the national average. Even so, it’s still a bargain when you consider how much you’d spend replacing just a few of your valuables. Plus, based on the minimum wage in Louisiana, you’ll have to clock in only hours to pay for an entire year’s worth of protection. When the time comes that you need renters insurance, you’ll be glad you have it.
What does Louisiana rental insurance cover?
In 2012, 42,140 burglaries were reported in Louisiana. For renters, your odds of becoming one of these stats is higher because renters are more likely to experience a break-in than people who own their home.
Renters insurance can also protect your personal property when they are not inside your home like if your laptop is lost or damaged while you’re traveling. Plus, if your personal property is destroyed by a fire, storm, or other covered peril, renters insurance may cover them too. You should consider purchasing more than the minimum liability coverage to ensure you have personal property coverage. A more extensive policy could help with things such as replacement cost, water damage, and possibly even medical payments.
Which discounts make renters insurance in Louisiana even more affordable?
Where you live, what you own, your claims history, and whether you have another policy with an insurance company all influence your renters insurance premium. Renters insurance policies are very affordable, but you still might be able to save money with extra discounts, like:
Multi-Policy: Combine insurance policies to save more money.
No Prior Claims: Save on your insurance bill if you have a clean claims record.
Safety Devices: Pay less if you install smoke detectors, anti-theft systems, or other safety devices.
Higher Deductibles: Lower your renters insurance premium by raising your deductible. Just know that the higher the deductible, the more you’ll have to spend out-of-pocket if you file a claim.
What are the statistics about Louisiana renters?
In Louisiana, 33% of the population rents and spends about $805 per month on a two-bedroom apartment. Since a renters insurance quote only costs $242 for a year’s worth of coverage, you can see how for a little bit of money, you can get a lot of protection.
How can you find the best renters insurance in Louisiana?
Before making any final decisions on your rental insurance company, it is important to learn as much as you can about your local insurance providers, and the coverages they offer. Call your local insurance agent to clear up any questions that you might have. Questions to consider asking include, “What is the best coverage plan for me/my family/my situation?” “What are the minimum coverage requirements in my state and what form of coverage do you recommend?” “Do you guys offer any bundle discounts if I take out both my auto insurance and home insurance with you?” and “What is the average rate of insurance quotes you guys offer?”
Before making any big insurance decisions, use our free tool to compare insurance quotes near you. It’s simple, just plug in your zip code and we’ll do the rest!
If you’re ready to shop for renters insurance, speak with licensed agents by calling [mapi-phone /]. Specialists are standing by to help you find the best renters insurance premium and policy, and it all starts with a free quote.