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.
Average Renters Insurance Cost 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.
Louisiana Rental Insurance Coverage
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 things when they are not inside your home—like if your laptop is lost or damaged while you’re traveling. Plus, if your belongings are destroyed by a fire, storm, or other covered peril, renters insurance may cover them too.
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.
Statistics About Louisiana Renters
In Louisiana, 33% of the population rents and spends about $805 per month on a two-bedroom apartment. Since renters insurance 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.
Finding Renters Insurance in Louisiana
If you’re ready to shop for renters insurance, speak with licensed agents by calling 855-462-2213 . Specialists are standing by to help you find the best renters insurance premium and policy, and it all starts with a free quote.