What should the deductible be for my renters insurance?
"I just got my first apartment and I'm planning to speak with an agent soon to discuss my renters insurance options. What kind of deductible should I be looking at?
“A standard deductible for renters insurance is $500, and most companies can even offer lower options. The main concern here is that you want to be able to access your coverage. It may be difficult to see a return with a deductible higher than $1,000, unless there is a large loss.
Since renters insurance is typically very inexpensive, lowering your deductible may not have a huge impact on your premium and it could be more beneficial to you as the insured.”
Did this answer help you?
Ask us a question by email and we will respond within a few days.
Have a different question?
You can meet us at our office and discuss the details of your question.
Let Jerry’s experts help you find savings on your car insurance!
No long forms or spam · Get quotes from 40+ carriers
Read advice from car experts at Jerry
Browse by topics
What others are asking
Why is the car insurance for my 2016 Ford Escape so expensive?
"I recently got a vehicle after not having one for six months. I was previously paying $190 with Liberty Mutual. I got a quote from them today that's $290. I looked at other companies and they want to charge me close to $400. I had a speeding ticket and an accident three years ago, but I can't figure out why my insurance is so expensive now. "
May 17, 2021
Is car insurance cheaper in New Jersey if you buy a new policy with the same company rather than renew the policy?
My NJ car insurance policy is up for renewal. My insurer quoted me a six-month rate of $1,500. Out of curiosity, I went on their site and applied for a new policy. It was only $1,200. Is it always cheaper to purchase a new policy rather than renew your old policy?
Apr 22, 2021
What are the auto insurance minimums in Mississippi?
How much coverage do I need to drive legally?
Apr 23, 2021