In many cases, if a fire in a neighboring apartment causes smoke damage, burglars loot your place, or a guest gets hurt while visiting you, renters insurance will aid you in replacing belongings and covering medical and legal expenses. We did the research for renters in Ohio –here are the facts:
Average Cost of Oklahoma Renters Insurance
Oklahomans pay about $234 a year for renters insurance. While that is 25% more than the rest of the country, it’s worth it when you think about what it covers. Even if you work a minimum wage job, you would only have to spend 32 hours on the clock to pay for your annual renters insurance premium. If your stuff is ever ruined or stolen and you need replacements, you will be glad you paid the relatively low cost for renters protection.
Coverage When It Counts
Bad things can happen to your personal property at any time. In 2012, there were 35,731 burglaries in Oklahoma. If you think about what a thief could take from you, we bet it would quickly add up into the hundreds or thousands of dollars.
Renters insurance coverage doesn’t end with theft coverage of your personal items, either. It can also cover medical expenses and legal costs that could result from someone getting hurt while visiting you, as well as reimbursement for items lost in a fire, storm, or water leak. Don’t wait until its too late. Get renters insurance now for added piece of mind. Consider getting more than the minimum liability coverage to protect your personal property. Talk to your local insurance agent to see which renters insurance policy would work best for you.
Discounts for Oklahoma Renters
How much you pay for your renters insurance premiums are based on a number of factors: your address, cost of personal belongings, and claims history. While renters insurance only costs a couple hundred dollars a year on average, there are also opportunities to save more money with Oklahoma renters insurance 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.
Oklahoma Renting Stats
Out of all residents in Oklahoma, 33% rent. Our research shows that these renters pay on average $716 per month for a two-bedroom, but only $234 a year for renters insurance. At the end of the day, its affordable protection that will pay for itself if something were to happen causing you to file a claim.
Speak With an Insurance Expert
Call [mapi-phone /] to speak to a licensed agent who can help 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.
Before making any final decisions on your 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!