How much is renters insurance in Appleton, NY

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In Appleton, NY, the average cost of renters insurance is $254 annually for $40,000 in personal property, $300,000 in liability and a $1,000 deductible. It is $39 less than the state average of $293 per year.

Renters insurance costs may differ depending on the coverage you opt for and the amount of liability coverage included in your policy. If you’re living in a rental property, it’s worth considering this type of insurance to protect your belongings from damages caused by fire, smoke, theft, vandalism and other covered events.

We conducted an in-depth analysis of insurance companies to find the most affordable insurers for renters in Appleton. Continue reading to know the cheapest renters insurance companies in Appleton.

Key Takeaways

According to Insure.com’s data study, renters insurance costs an average of $254 per year or $21 per month in Appleton.
State Farm has the cheapest renters insurance for Appleton renters at $10 per month.
Taking advantage of discounts, such as having a security system or bundling renters insurance with other insurance policies, can help reduce your insurance premiums.

What is the average cost of renters insurance per month in Appleton?

On average, renters in Appleton pay $21 per month for renters insurance, which is $3 less than the state average of $24. The policy includes $40,000 in personal property, $300,000 in liability protection and a $1,000 deductible.

The cost of renters insurance in Appleton varies depending on your carrier and the coverage limit you select. Renters in Appleton typically pay $17 monthly for $20,000 in personal property coverage and a $1,000 deductible. If you decide to increase your coverage to $40,000, you’ll see an increase of $4 more in your monthly premium.

You’ll need to decide on the coverage that best fits your needs and budget. However, choosing higher coverage limits is a good idea if you own valuable items like jewelry, electronics, or furniture.

How much is renters insurance in Appleton by deductible?

The average cost of renters insurance in Appleton is $215 annually for a $500 deductible and $20,000 in personal property coverage

The deductible is the amount you pay out-of-pocket before your insurance kicks in. If you raise your deductible, your premiums will decrease. For example, if you maintain $20,000 in personal property coverage but increase your deductible from $500 to $1,000, you’ll save $9 every year on your insurance.

Here are the renters insurance premiums for different personal property coverage and deductible amounts.

Deductible	$20000 personal property	$40000 personal property	$60000 personal property
$500	$215	$269	$328
$1,000	$206	$254	$309

Read our guide to know what does renters insurance cover.

Who offers cheap renters insurance in Appleton?

Your quest for the cheapest renters insurance ends here.

State Farm provides the cheapest rates in Appleton, with an annual premium of $125 or $10 per month. Travelers is the second cheapest company, followed by NYCM Insurance.

Insure.com’s experts have compared renters insurance quotes from all the national and regional carriers in Appleton to create a list of the most affordable insurers. Below is a list of the cheapest renters insurance companies and their average annual and monthly rates.

Renter insurance provider	Average annual rate	Average per month rate
State Farm	$125	$10
Travelers	$137	$11
NYCM Insurance	$163	$14
Allstate	$169	$14
American Family	$169	$14
Nationwide	$209	$17
Chubb Ltd	$284	$24
Farmers	$359	$30
AIG	$1,039	$87
USAA	$199	$17

Tips for reducing the cost of renters insurance

Below are some tips to help you save on renters insurance in Appleton:

Bundle policies: If you have other insurance, such as car insurance, bundling it with the same provider can often earn you a discount. Many insurers in Appleton offer savings for bundling policies.

Increase your deductible: Choosing a higher deductible can lower your premium, but ensure you’re prepared to cover the higher out-of-pocket costs if you need to file a claim.

Choose the right coverage amount: Regularly review your renters insurance to avoid paying for more coverage than you need. For example, you might opt for lower personal property coverage if you don’t own high-value items.

Limit small claims: Filing multiple small claims can drive up your rates. If possible, consider paying for minor damages out of pocket to keep your premium low.

Shop around for quotes: Don’t settle for the first offer. Compare renters insurance rates from multiple providers in Appleton to find the best coverage at the lowest price.

Final thoughts

Renters in Appleton, NY should purchase renters insurance to protect their personal belongings, provide liability coverage, and cover additional living expenses if their rental becomes uninhabitable due to a covered event. Premiums may differ based on location, coverage amount and individual circumstances, but the peace of mind it offers is worth the investment. You can get an affordable policy that fits your budget by assessing your coverage needs, comparing quotes and taking advantage of available discounts.

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for renters insurance rates in Appleton for $40,000 personal property coverage, $300,000 liability coverage, and a $1000 deductible. The data presented are those with a good credit tier alignment.

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Shivani Gite

Contributing Writer

Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions.