If you are looking for renters insurance, I recommend you guys to start by getting a quote from multiple insurance companies to get the best price.
Some well-known companies that you can get the quote from –
- TD Insurance
- Square One Insurance
The cheapest renter’s insurance company?
When I was looking for renters insurance quotes I found the cheapest one to be Square One Insurance. However, it doesn’t mean that will be the case for everyone! I recommend you guys get a quote from the providers before making a decision!
What factors does renters insurance depend on?
Insurance companies take into factor several things when they give you a quote. Depending on what region you are going to be based, the value of the personal property, the amount of liability insurance required, if you have any history of claims with the renter’s insurance company before, the amount of deductible, the material the building is made of, and more.
If the risk determined by the insurance company for the property is higher, then you will end up with a higher quote.
Avoid using insurance comparison websites
Insurance comparison websites are supposed to make getting quotes from multiple insurance providers easier and time-saving by having a single application format. However, in my experience, I found the quotes to on the higher end compared to when I had the quote directly with the company. So I would recommend that you avoid the comparison website and just get the quote straight from the insurance company.