How much is renters insurance in Sunnyvale, TX

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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 Sunnyvale renters. Keep reading to learn which insurers offer the lowest rates in Sunnyvale

Key Takeaways

The average cost of renters insurance in Sunnyvale is $223 annually or $19 monthly.
The cheapest option for renters in Sunnyvale is Progressive, offering coverage at $16 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 Sunnyvale?

The average monthly cost of renters insurance in Sunnyvale is $19, which is equals to the state average of $19. 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 Sunnyvale 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 $6 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 Sunnyvale by deductible?

The renters insurance cost in Sunnyvale is $165 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 $12 less every year for insurance.

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

Deductible	$20000 personal property	$40000 personal property	$60000 personal property
$500	$165	$242	$312
$1,000	$153	$223	$289

Read our guide to know what does renters insurance cover.

Who offers cheap renters insurance in Sunnyvale?

Your search for affordable renters insurance ends here.

Progressive has the lowest rates in Sunnyvale, with an annual premium of $16 per month. Based on Insure.com data study, Allstate and Nationwide also offer cheap rates.

After evaluating renters insurance quotes from all the national and regional insurance companies in Sunnyvale, 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 Sunnyvale, TX.

Renter insurance provider	Average annual rate	Average per month rate
Progressive	$189	$16
Allstate	$251	$21
Nationwide	$252	$21
State Farm	$258	$22
Texas Farm Bureau	$322	$27
Farmers	$477	$40
USAA	$120	$10

Tips for reducing renters insurance cost

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

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 Sunnyvale.

Increase deductible: Opting for a higher deductible can lower your premium in Sunnyvale, 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 Sunnyvale from multiple providers to find the best price for the coverage you need.

Final thoughts

Renters insurance in Sunnyvale, TX, 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 Sunnyvale 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.