How much is renters insurance in Columbus, NJ

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In Columbus, NJ, the average cost of renters insurance is $212 annually for $40,000 in personal property, $300,000 in liability and a $1,000 deductible. It is $5 more than the state average of $207 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 Columbus. Continue reading to know the cheapest renters insurance companies in Columbus.

Key Takeaways

The average cost of renters insurance in Columbus is $212 annually or $18 monthly.
The cheapest option for renters in Columbus is New Jersey Manufacturers, offering coverage at $11 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 Columbus?

On average, renters in Columbus pay $18 per month for renters insurance, which is $1 more than the state average of $17. The policy includes $40,000 in personal property, $300,000 in liability protection and a $1,000 deductible.

The cost of renters insurance in Columbus varies depending on your carrier and the coverage limit you select. Renters in Columbus typically pay $13 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 $5 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 Columbus by deductible?

The renters insurance cost in Columbus is $167 per year for a $500 deductible and $20,000 as personal property coverage.

A deductible is an amount you agree to pay before your insurance coverage kicks in. If you increase your deductible limit, your insurance cost will go down. For instance, if the personal property coverage is the same, i.e., $20,000, but you increase your deductible limit from $500 to $1,000, you will pay $13 less every year for insurance.

Below are the renters insurance rates for different personal property coverage and deductible amount.

Deductible	$20,000 personal property	$40,000 personal property	$60,000 personal property
$500	$167	$232	$300
$1,000	$154	$212	$275

Read our guide to know what does renters insurance cover.

Who offers cheap renters insurance in Columbus?

Your search for affordable renters insurance ends here.

New Jersey Manufacturers has the lowest rates in Columbus, with an annual premium of $132 a year or $11 per month. Based on our data, State Farm and American Family also offer cheap rates.

After evaluating renters insurance quotes from all the national and regional insurance companies in Columbus, the experts at Insure.com put together a list of the most affordable insurance carriers.

Below, you’ll find the average annual and monthly rates for cheap renters insurance companies in Columbus, NJ.

Renter insurance provider	Average annual rate	Average per month rate
New Jersey Manufacturers	$132	$11
State Farm	$158	$13
American Family	$172	$14
Chubb Ltd	$209	$17
Franklin Mutual	$224	$19
Allstate	$230	$19
Farmers	$258	$22
Plymouth Rock Assurance	$315	$26
USAA	$187	$16

Tips for reducing the cost of renters insurance

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

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

Final thoughts

Renters insurance in Columbus, NJ, 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 Columbus 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.