855-2HANWAY ☰ ˟
Logo
Español
855-2HANWAY
  • Home
  • Get A Quote
    • Auto Insurance Quote
    • Homeowners Insurance Quote
    • Renters Insurance Quote
    • SR-22 Insurance Quote
    • Condominium
    • Motorcycle
  • Make A Payment
  • Blog
  • Locations
  • Resources
    • Refer a Friend
    • Insurance Glossary
  • About Us
    • About Us
    • Privacy Policy
  • Contact
Auto Icon

Auto

We browse through a wide variety of coverages and find the right one for you.

Learn More
SR-22 Icon

SR-22

We browse through a wide variety of coverages and find the right one for you.

Learn More
Home Icon

Home

We browse through a wide variety of coverages and find the right one for you.

Learn More
Renters Icon

Renters

We browse through a wide variety of coverages and find the right one for you.

Learn More
Roadside Assistance $5 per month Icon

Roadside Assistance $5 per month

We browse through a wide variety of coverages and find the right one for you.

Learn More
Home > Blog > 3 Tips for Lowering Your Renters Insurance
MONDAY, APRIL 25, 2022

3 Tips for Lowering Your Renters Insurance

For what you pay, renters insurance offers great value. Twenty to thirty dollars per month can cover everything you own inside of your apartment, whether it’s clothing, sports gear, computers, electronics or furniture. If your possessions are damaged or stolen, you don’t have to suffer the loss of thousands of dollars. But even with rates as low as they are, you can lower them further by using the following tips. 

Where You Rent Affects Your Rates 


If you're in the process of finding an apartment, choose a place that is low risk. This means choosing a low crime neighborhood and a well maintained, modern apartment building. Look at the apartment through the eyes of a safety inspector. Do you see fire extinguishers in the halls? Are there smoke alarms and heat sensors installed? Do the doors and windows have strong secure locks? Is the entrance door to the building securely locked? Insurance companies protect themselves by charging higher premiums for high risk situations. By choosing safer apartments, your insurance is likely to cost less. a view of an apartment living room

A Higher Deductible Means a Lower Premium 


When you make an insurance claim, the deductible is the amount of money you pay up front before the insurance company pays the rest. For example, a claim of $5,000 with a deductible of $500 means that you must pay the first $500 before the insurance company pays the remainder of $4,500. Deductibles allow you to assume different levels of risk. The more risk you assume, the less risk the insurer has to assume, which means you pay a smaller premium. 

Get Both Renters and Auto Insurance From a Single Company 

Often insurance companies will give discounts when you buy more than one line of insurance from them. If you've used the company for several years for your auto insurance, you may also get a discount for customer loyalty. 

With a discount on insurance rates that are low to begin with, there really is no reason for not protecting your possessions with renters insurance. Your agent can help you get started. 

Start saving today. Call Hanway Insurance at (708) 874-6000 for more information on renters insurance. 
Posted 2:12 PM

Tags: renters, insurance, coverage, belongings
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2023
  • 2022
  • 2021

  • insurance(13)
  • coverage(11)
  • auto(6)
  • car(6)
  • business(4)
  • policy(4)
  • sr-22(3)
  • vehicle(3)
  • accident(3)
  • commercial(2)
  • owners(2)
  • belongings(2)
  • homeowners(2)
  • renters(2)
  • bop(2)
  • auto insurance(2)
  • motorcycle(1)
  • homeowners insurance(1)
  • assistance(1)
  • non-owner auto liability(1)
  • premiums(1)
  • renters insurance(1)
  • rates(1)
  • roadside(1)
  • apartment(1)

View Mobile Version

Contact Us Today!
(708) 874-6000

Social Social Social Social

Resources

  • Products
  • Customer Service
  • Payment / Claims
  • About Us
  • Refer A Friend
  • Our Carriers
  • Blog
  • Contact Us

Contact Us

9528 S Cicero Ave | Oaklawn, IL 60453
P: (708) 874-6000 | Toll Free: 855-2Hanaway (486929)
E: contact@hanwayinsurance.com
© Copyright. All rights reserved. | Powered by Insurance Website Builder