Having a renters insurance policy is crucial in case you fall victim to fire, theft, or someone 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 was designed to help answer questions you might have about Mississippi renters insurance.

Cost for Rental Insurance in Mississippi

Mississippi renters pay $244 on average for a year of protection from renters insurance. Even though that is 30% more than the national average, it’s still significantly less than the cost of replacing lost valuables. When you take into account the value of everything in your home, from electronics and furniture to personal items such as clothing and jewelry, the annual premium seems very affordable. In fact, if you get paid minimum wage, it would take only 34 hours of work to take care of the renters insurance premium for a whole year.

Mississippi Rental Insurance Coverage

There were 28,076 burglaries in Mississippi in 2012. Luckily, there is renters insurance to help cover the cost of recovering your valuables— most at the full retail value, if you find yourself in that situation. Renters insurance also helps protect your home in the event of a fire, water damage (not floods), wind, or weather-related incidents. When you consider all of the possibilities, going without a renters insurance policy seems like an unnecessary risk.

Make It 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: Save when you combine policies like auto, home, and renters.
  • No Prior Claims: You won’t pay extra if you haven’t ever filed a claim.
  • Safety Devices: Installing safety systems like smoke alarms and security systems can result in premium discounts.
  • 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.

Renting Statistics in Mississippi

Mississippi is made up of 31% of renters. Those who rent spend an average of $711 on a two-bedroom apartment. Since Mississippi has a relatively low annual renters insurance premium of $244, you should set money aside for so it’ll have your back if you get into trouble.

Don’t Wait to Get a Quote

Ready to start shopping around?  Call 855-462-2213 to speak to licensed agents who know the ins and outs of policies in your Mississippi.

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