Moving out of your parents’ house can be exciting (but sometimes a little scary!). There is no state law that requires you to have renters insurance, but your mom may be right in insisting that you get it.
The average cost of renters insurance in MA is around $140 a year, which is about $20 lower than the national average. Massachusetts renters often end up paying just around $10 a month for their renters insurance premiums for $20,000 in personal property coverage.
Renters insurance provides protection against situations for which your landlord cannot be held responsible, such as theft of your personal property. Your renters insurance will not cover damage to or issues with the building itself—that’s the landlord’s job.
If you feel that renters insurance is an unnecessary expense, why not use some of the money you’ll save by shopping for car insurance
on the Jerry
app to pay for it? Jerry can help you free up the extra cash to make adding new expenses easier. Once you download Jerry, just answer a handful of questions that will take you roughly 45 seconds to complete and you’ll immediately get car insurance quotes for coverage similar to your current plan. Jerry customers save an average of $887 a year on car insurance alone.