How much is renters insurance in Carrollton, VA

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Your renters insurance premium could be higher or lower depending on the coverage and liability limits you select. Purchasing renters insurance is a good idea, as it helps protect your personal property from damage or loss due to events like fire, smoke, theft and vandalism.

After carefully evaluating renters insurance companies, we’ve compiled a list of the most affordable insurers for Carrollton renters. Keep reading to learn which insurers offer the lowest rates in Carrollton

Key Takeaways

According to Insure.com’s data study, renters insurance costs an average of $266 per year or $22 per month in Carrollton.
State Farm has the cheapest renters insurance for Carrollton renters at $16 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 Carrollton?

On average, the cost of renters insurance in Carrollton is $22 a month. It’s $2 more than the state average of $20. Renters in Carrollton pay these rates for the coverage limit of $40,000 in personal property coverage, $1,000 deductible and $300,000 in liability protection coverage.

The renters insurance rates vary by city depending on your insurance provider and the coverage limits you choose. For example, renters in Carrollton pay $16 per month for personal property coverage of $20,000 and a $1,000 deductible. However, if you decide to increase the personal property coverage limit to $40,000, you will pay $6 more for renters insurance.

Now, you’ll have to decide how much coverage you need and how much you can afford. However, it is recommended that you choose higher coverage limits if your personal belongings consist of expensive jewelry, furniture and electronics.

How much is renters insurance in Carrollton by deductible?

Renters insurance in Carrollton costs an average of $206 per year for a $500 deductible and $20,000 in personal property coverage.

The deductible is the amount you pay before your insurance coverage applies. By increasing your deductible, you can lower your insurance premium. For instance, raising your deductible from $500 to $1,000 will save you $16 annually.

The table below shows renters insurance premiums for varying personal property coverage and deductible amounts.

Deductible	$20,000 personal property	$40,000 personal property	$60,000 personal property
$500	$206	$288	$371
$1,000	$190	$266	$343

Read our guide to know what does renters insurance cover.

Who offers cheap renters insurance in Carrollton?

Your search for the cheapest renters insurance company ends here.

State Farm offers the cheapest renters insurance in Carrollton at $195 a year or $16 per month. According to Insure.com’s data analysis, Progressive ranks second on our list followed by Nationwide.

Our experts at Insure.com evaluated renters insurance quotes from all the big and small insurance companies in Carrollton 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 Carrollton, VA.

Renter insurance provider	Average annual rate	Average per month rate
State Farm	$195	$16
Progressive	$203	$17
Nationwide	$205	$17
Universal Insurance Holding	$211	$18
Farmers	$232	$19
Allstate	$234	$20
Erie Insurance	$243	$20
American Family	$263	$22
IAT Insurance Group	$303	$25
Travelers	$572	$48

Tips for reducing the cost of renters insurance

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

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

Final thoughts

Renters in Carrollton, VA 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 Carrollton for $40,000 personal property coverage, $300,000 liability coverage, and a $1,000 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.