How much is renters insurance in Redmond, UT

Why you can trust Insure.com

Quality Verified

At Insure.com, we are committed to providing the timely, accurate and expert information consumers need to make smart insurance decisions. All our content is written and reviewed by industry professionals and insurance experts. Our team carefully vets our rate data to ensure we only provide reliable and up-to-date insurance pricing. We follow the highest editorial standards. Our content is based solely on objective research and data gathering. We maintain strict editorial independence to ensure unbiased coverage of the insurance industry.

The average cost of renters insurance in Redmond, UT is $197 per year (for insurance coverage of $40,000 in personal property coverage, $300,000 in liability coverage and $1000 as deductible) — that’s $7 less than the state average of $204 a year.

It can be higher or lower depending on the coverage limit you choose and the amount of liability the policy provides. If you live in a rented apartment or home, you should consider buying renters insurance because it protects your personal belongings from damage caused by covered perils such as fire or smoke damage, theft, vandalism and other mishaps.

We did a thorough analysis of renters insurance companies to find the most affordable options for Redmond renters. Keep reading to find out the cheapest renters insurance companies in Redmond.

Key Takeaways

According to Insure.com’s data study, renters insurance costs an average of $197 per year or $16 per month in Redmond.
Nationwide has the cheapest renters insurance for Redmond renters at $12 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 Redmond?

The average monthly cost of renters insurance in Redmond is $16, which is $1 less than the state average of $17. 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 Redmond pay $13 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 $3 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 Redmond by deductible?

Renters insurance in Redmond costs an average of $166 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 $13 annually.

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

Deductible	$20000 personal property	$40000 personal property	$60000 personal property
$500	$166	$216	$267
$1,000	$153	$197	$244

Read our guide to know what does renters insurance cover.

Who offers cheap renters insurance in Redmond?

Your quest for the cheapest renters insurance ends here.

Nationwide provides the cheapest rates in Redmond, with an annual premium of $138 or $12 per month. Iowa Farm bureau is the second cheapest company, followed by State Farm.

Insure.com’s experts have compared renters insurance quotes from all the national and regional carriers in Redmond 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
Nationwide	$138	$12
Iowa Farm bureau	$156	$13
State Farm	$158	$13
Auto-Owners	$186	$16
Allstate	$189	$16
American Family	$222	$19
Metropolitan	$225	$19
Mutual of Enumclaw	$280	$23
USAA	$210	$18

Tips for reducing renters insurance cost

Here are some tips to help reduce renters insurance costs in Redmond:

Bundle insurance policies: If you have other insurance policies, such as car insurance, consider bundling them with the same insurer. Many insurers offer discounts for bundling in Redmond.

Increase deductible: Opting for a higher deductible can lower your premium in Redmond, but make sure you’re comfortable with the amount you’d pay out-of-pocket in case of a claim.

Choose the right coverage: Review your policy regularly to ensure you don’t have extra coverage. For example, you might not need as much coverage for personal property if you don’t own many valuables.

Avoid small claims: Filing too many small claims can increase your rates over time. Consider paying for minor damages out-of-pocket instead of claiming them through insurance.

Shop around: Don’t settle for the first quote you receive. Compare renters insurance quotes in Redmond from multiple providers to find the best price for the coverage you need.

Final thoughts

Renters insurance in Redmond, UT, 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 Redmond 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.

How much is renters insurance in other cities

Santa Clara

South Jordan

West Jordan

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.