A fire, burglary, or personal injuries can happen anytime at your home–making renters insurance vital. 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 answers questions you might have about North Dakota renters insurance.
Average Renters Insurance Cost in North Dakota.
North Dakotans pay an average of $115 a year for renters insurance. That’s one of the lowest rental property insurance rates in the country–9% lower than the national average. At a little over $9 a month, renters insurance is probably cheaper than your Netflix subscription. To put it even simpler, you’d have to work only 16 hours at a minimum-wage job to cover the premium. It’s a steal compared to the total cost of your belongings.
North Dakota Rental Insurance Coverage
Did you know that you may be liable to pay for damages in your rental unit if your candle starts a fire? Did you know that your landlord doesn’t foot the bill for your damaged or stolen belongings if something bad happens in the building? What about the fact that there were 2,377 burglaries in North Dakota in 2012 and without renters insurance, you’d have to pay to replace everything that was stolen?
A proper renters insurance policy can help protect you against all of this and more.
Discounts for North Dakota Renters
You can save even more on your renters insurance if you qualify for the following discounts:
- Bundling: Multi-policy agreements will give you a rate cut.
- Previous claims: Those who haven’t ever filed a claim will usually save more on premiums.
- Safety hardware: Smoke detectors, fire alarms, sprinklers, and security devices all add up to discounts.
- Higher deductibles: If you pay more for a deductible, you’ll save monthly.
North Dakota Renting Facts
In North Dakota, 34% of residents are renters. For a two-bedroom unit, renters pay an average of $749 a month, but just $115 for renters insurance every year. At such a small price, renters insurance is a no-brainer.
Speak With an Expert
Call 855-462-2213 to speak to a licensed agent who can answer any additional questions you may have. If you are ready to start shopping, those same agents can get you a free quote on renters insurance near you.