You know you need renters property insurance to protect your personal property, but how can you get the best rate with a reputable company? Here’s how …

Renters Property Insurance

Renters property insurance pays to replace your personal property – furniture, clothing, electronics, etc. – when it’s stolen or damaged by fire, vandalism, or natural disasters.

It also pays claims made against you when someone injures himself or damages his property in your home, and it pays for your living expenses if your home becomes uninhabitable due to a fire or other disaster.

Save on Your Renters Property Insurance

Here are some ways to save money on your renters property insurance:

Comparison Shop

Renters property insurance can vary by hundreds of dollars from one company to another, so you need to go to an insurance comparison website to get rate quotes from different companies (see link below). Compare quotes from at least three companies then choose the cheapest quote that provides the best insurance coverage.

Increase Your Deductible

The deductible is the amount of money you pay toward a claim before your insurance kicks in. Renters insurance deductibles start at $250. Increasing your deductible to $500 can save you up to 15% on your premiums. Increasing it to $1,000 will save you up to 25%.

Buy Your Renters and Auto Insurance From the Same Company

Most insurance companies will give a 10% to 15% discount if you buy both your renters insurance and your auto insurance from them.

Install Safety and Security Devices

Insurance companies will give you discounts if you have smoke detectors, dead bolt locks, window locks, fire extinguishers, and sprinkler systems in your home. If you don’t have these devices, ask your landlord to install them, pointing out that it’s to his benefit too.

Get Senior Discounts

If you’re 55 years or older, and retired, you can get up to a 10% discount on your renters property insurance.

Visit http://www.LowerRateQuotes.com/renters-insurance.html or click on the following link to get renters property insurance quotes from top-rated companies and see how much you can save. You can get more insurance tips in their Articles section.