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In many cases, if a fire in a neighboring apartment causes smoke damage, burglars loot your place, or a guest gets hurt while visiting you, renters insurance will aid you in replacing belongings and covering medical and legal expenses. We did the research for renters in Oregon –here are the facts:
The Price For Oregon Renters Insurance
You have your lease, your moving van, but what about your renters insurance policy? According to our research, renters pay about $168 a year in renters insurance 10% less than the national average. That is to working 18 hours at a minimum wage job to pay for the annual renters insurance policy premium.
Coverage When It Counts
A renters insurance policy covers your belongings from theft, fire, water damage, smoke damage, and more. It’ll also pay for medical and legal costs if a guest is hurt on your property.
In 2012 alone, there were 21,901 burglaries in Oregon. Think of all of the things you have in your home from clothes to electronics to jewelry to furniture you’ll realize that a thief could make off with a lot of money. Without renters insurance, you’d be responsible for paying to replace your belongings on your own.
Discounts for Oklahoma Renters
An insurance company will determine your renters insurance premium based on factors such as your address, claims history, current policies, and a slew of other variables. However, you can keep your premiums lower if you qualify for the following discounts:
- Multi-Policy: Bundle auto or another insurance plan with renters insurance and save.
- No Prior Claims: Save on your insurance bill if you have a clean claims record.
- Safety Devices: Installing safety systems like smoke alarms and security systems can result in premium discounts.
- Higher Deductibles: If you opt into a plan with a higher deductible, you’ll have a lower payment amount every month. Watch out for this though. Your deductible is something you’re responsible for paying if you file a claim.
Speak With an Insurance Expert
The fact is: 38% of Oregon residents rent and pay an average of $864 for a two-bedroom rental. With renters insurance costing only $168 annually, it’s a no-brainer.
Call [mapi-phone /] to speak to a licensed agent who can help answer any additional questions you may have. If you are ready to start shopping, those same agents can get you a free quote on renters insurance near you.
Before making any final decisions on your insurance company, it is important to learn as much as you can about your local insurance providers, and the coverages they offer. Call your local insurance agent to clear up any questions that you might have. Questions to consider asking include, “What is the best coverage plan for me/my family/my situation?” “What are the minimum coverage requirements in my state and what form of coverage do you recommend?” “Do you guys offer any bundle discounts if I take out both my auto insurance and home insurance with you?” and “What is the average rate of insurance quotes you guys offer?”
Before making any big insurance decisions, use our free tool to compare insurance quotes near you. It’s simple, just plug in your zip code and we’ll do the rest!