InvestingBytes.com

Our homes are the places where we are the most comfortable. It’s the place with all our possessions and we do not need to worry about them as the home is the place where we absolutely take care of security. However, trouble doesn’t come knocking on the door and with permission. You can never know when something could go wrong with the possessions in your house or your house in its entire self. Hence, it is important for one to have a renter’s insurance which can help you get back to how life was before the trouble hit.

Renter’s insurance could be helpful to college students (whose coverage is usually limited to 10% of their parent’s personal property coverage, given that they have one), college students living off campus, young professionals and retired old people (as they survive on a very fixed income).

Most of the renters’ insurance costs can be obtained by an online quote tool. Getting a quote can be extremely helpful to be able to compare various insurance opportunities and helps one take an informed decision as various offers include different types of unique circumstances they cover for. Renter’s insurance is mostly very affordable which comes as a surprise to many first-timers. Studies by the Independent Insurance Agents, Brokers of America and Trusted Choice Independent Insurance Agents have reported that the average price for $30,000 of renter’s coverage ranges from $12- $15 a month. However, experts from the National Association of Insurance Commission recommend that one can easily be able to pay $15 to $30 a month.

The quotes from three different companies for the same renter profile for a $30,000 coverage situated right outside a major city are as follows:

• Allstate: $17
• American Family: $11.50
• Nationwide: $22.42

These prices are quite low and indicate that one can avail the opportunity of coverage of a staggering $30,000 worth of possessions at the basic price of a pizza.

The best renter’s insurance is provided by Allstate, Nationwide, Liberty Mutual and American Family which are some of the topmost and affordable options.