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How to Save Money On Renters Insurance in California

save on renters insurance

Renter’s insurance is a great way to get financial protection if anything happens to your possessions. However, saving money on renter’s insurance in California can be difficult. There are a lot of different providers and various plans to choose from. To make sure you get the best rate on renter’s insurance, make sure you know the options to save money and get a better rate. We have included some of the most common ways to get discounts on this type of insurance plan.

Tips for Saving Money on Renter’s Insurance

Install Safety Devices and Security Systems
With many insurance providers, adding smoke detectors, window locks, fire extinguishers, and other safety items can help reduce your rate on renter’s insurance.

Compare Providers to Get the Best Rate
Even if you have had your renter’s insurance plan for a while, it is a good idea to shop insurance rates, typically annually, to see if you can get better coverage at a lower cost.

Increasing Your Deductible Can Lower Your Premium
Increasing the deductible on your insurance plan increases the amount you must pay before your insurance company will make payments on a claim, but increasing this amount can reduce your premium.

Look for Senior or Group Discounts
Some renter’s insurance providers in California may offer a senior discount, or even a group discount if your organization is part of this program. It never hurts to ask if you can get more discounts.

Bundle and Save
If you get your renter’s insurance and auto insurance, or other insurance plans from the same company, you may be eligible for a multi-policy discount. Ask your provider or an insurance expert to see how to qualify.

There are many ways to save money on renter’s insurance. If you are not sure what discounts you could have, or what options are available from different providers, talk to one of our renter’s insurance experts today to learn more about savings you could be missing out on.