How much is renters insurance in Beaverton, AL

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In Beaverton, AL, the average cost of renters insurance is $316 annually for $40,000 in personal property, $300,000 in liability and a $1,000 deductible. It is $8 less than the state average of $324 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 Beaverton. Continue reading to know the cheapest renters insurance companies in Beaverton.

Key Takeaways

The average cost of renters insurance in Beaverton is $316 annually or $26 monthly.
The cheapest option for renters in Beaverton is State Farm, offering coverage at $23 per month.
Renters can reduce their insurance costs by taking advantage of discounts, such as discounts for installing a security system or bundling policies.

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

The average monthly cost of renters insurance in Beaverton is $26, which is $1 less than the state average of $27. This rate is for the coverage limit of $40,000 in personal property, $100,000 in liability protection and a $1000 deductible.

Renters insurance rates vary by city depending on the coverage and the insurance company you choose. For example, renters in Beaverton pay $19 monthly for $20,000 in personal property coverage with a $1,000 deductible. If you increase your personal property coverage to $40,000, the cost will rise by $7 more.

You’ll need to determine the right amount of coverage based on your needs and budget. However, opting for higher coverage limits is recommended if you own valuable items like jewelry, furniture and electronics.

How much is renters insurance in Beaverton by deductible?

The average cost of renters insurance in Beaverton is $255 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 $25 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	$255	$349	$442
$1,000	$230	$316	$402

Read our guide to know what does renters insurance cover.

Who offers cheap renters insurance in Beaverton?

Your search for the cheapest renters insurance company ends here.

State Farm offers the cheapest renters insurance in Beaverton at $271 a year or $23 per month. According to Insure.com’s data analysis, Nationwide ranks second on our list followed by Auto-Owners.

Our experts at Insure.com evaluated renters insurance quotes from all the big and small insurance companies in Beaverton and put together a list of the most affordable insurance carriers.

Below are the average annual and monthly rates of the cheap renters insurance companies in Beaverton, AL.

Renter insurance provider	Average annual rate	Average per month rate
State Farm	$271	$23
Nationwide	$286	$24
Auto-Owners	$320	$27
Alfa Corporation	$325	$27
Country Financial	$393	$33
Allstate	$441	$37
Farmers	$534	$45
USAA	$179	$15

Tips for reducing the cost of renters insurance

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

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 Beaverton 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 Beaverton to find the best coverage at the lowest price.

Final thoughts

Renters insurance in Beaverton, AL, offers valuable protection for renters at an affordable price. While premiums can vary depending on location, coverage amount and individual circumstances, the peace of mind it provides is worth the investment. By understanding your coverage needs, comparing quotes and taking advantage of discounts, you can find an affordable policy that suits your budget.

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for renters insurance rates in Beaverton 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.