Renting a new apartment in Nashville can be an exciting experience. You will be moving into a brand new environment with new people and new places to see, but it can also be overwhelming. In the midst of all the challenges of moving, renters often fail to consider the cost of renter’s insurance.
Renter’s insurance is highly important as it can protect you in the instance of an emergency, such as a fire, theft or even damages you cause. Without renter’s insurance, you would be forced to fork out a large sums of money when something goes awry. Make sure you are protected by getting an affordable renter’s insurance policy from a trusted agency. Here are some money saving tips to help to find the best policy for you.
Reduce Your Risk
Reducing the risk you pose to insurance providers can increase your chances of receiving a low rate. Some ways to reduce your risk include installing smoke detectors and security alarms. In addition, you might be able reduce your rate by quitting smoking, as it happens to be one of the leading causes of house fires, contributing to more than 23,000 home fires per year. Check with your insurance provider to determine if any of these security reduction measures can help decrease your insurance costs.
Consider Increasing Your Deductible
The average deductible for renter’s insurances starts at around $250 and goes up from there. Increasing your deductible will lower your monthly premium. Before you choose this option though, you will need to weigh costs. Do you want to pay more now or in the midst of an emergency?
Maintain a Good Credit Score
One of the simplest ways to reduce your insurance rate is to maintain a good credit score. If you have good credit, it demonstrates to the insurance company that you can be trusted to pay your bills on time. Less risk equals a lower premium. Three tips for improving your credit score include:
- Pay your bills on time.
- Keep your credit balance low.
- Pay off debt
Buy Your Renter’s and Auto Insurance on the Same Policy
Buying your renter’s and auto insurance from the same company can save you money. Plenty of companies offer multi-line discounts for buying your auto and renter’s insurance with the same company, such as Royce Williams Insurance Agency. This not only saves you money, but is also convenient for making payments or adjustments to your plan.
Get Multiple Renter’s Insurance Quotes
Make sure to get quotes from multiple companies to ensure you get the best deal possible. There are many places online you can request a free insurance quote. Royce Williams Agency would be happy to provide you with a free renter’s insurance quote to help you discover the best solution for you.
Royce Williams Insurance Agency has been providing competitive renter’s insurance in Nashville, TN since 1989. We offer renter’s, auto, home, life and more. Contact us today to learn how we can help you with your insurance needs.