Renters in Wisconsin looking for information on renters insurance have come to the right spot.  We’ve researched the ins and outs of the average cost, discounts available, coverage options, and more.  This guide is for you.

Average Wisconsin Renters Insurance Cost

Wisconsin renters pay approximately $130 each year for renters insurance. That places Wisconsin 30% below the national average.

Consider the value of your belongings: furniture, jewelry, electronics, media collections, and more. If you had to buy new possessions, it would cost a lot more than a year’s worth of renters insurance to pay to replace it all. In fact, you’d only have to work 18 hours at minimum wage to cover the premium for a full year. For such a small cost, why risk falling victim to a robbery or natural disaster without the protection of renters insurance?

Wisconsin Rental Insurance Coverage

In 2012, the state of Wisconsin had 27,945 burglaries reported. If you find yourself dealing with the aftermath of a break-in, a renters insurance policy can help offer financial relief as you replace your lost items.

Don’t leave your home and valuables unprotected.  Renters insurance can cover:

  • Stolen items at full retail value
  • Damage to your personal property due to fire, wind, and hail.
  • Medical liability costs if a guest is injured while at your house.

Discounts to Help You Save More

Insurance companies want to help you save on your policy.  See if you qualify for the following:

  • Safety Devices:  Having a smoke detector, security system, or other home monitoring system can help to decrease your rates.
  • Clean Claim History: If you’ve never had to file a claim with your insurance provider, your rates may benefit.
  • Multi-Policy:  Get renters coverage with your auto insurance company and you may save on both.

Next Steps

In Wisconsin, 32% of residents rent their house, apartment, or condo–paying an average of$807 per month for a two-bedroom residence in Wisconsin. Since renters insurance costs an average of just $130 for an entire year of coverage, it’s hard to justify taking the chance of going without renters insurance.

If you still have questions, talk with a licensed agent.  They know the intricacies as well as how to get you the best rate.  Call  855-462-2213 .