Renters insurance is generally more affordable than homeowners insurance since it covers a smaller scope of risk. The cost of renters insurance is influenced by various factors, such as your location, including state, city, and ZIP code, as well as the coverage amount and other individual circumstances. If you’re interested in saving on renters insurance, you may want to consider bundling your policy with another type of coverage, like auto insurance. Insurance providers frequently offer discounts to policyholders who bundle multiple insurance products, leading to potential cost savings on premiums.
