Renters insurance in Fresno, California
Renters insurance is critical if you're renting a house or an apartment. It insures your rental dwelling — and any personal property within it — against a variety of perils, such as vandalism, wind damage, theft, or fire. As these circumstances are fairly common, the affordability of rental coverage, and the relatively high cost of replacing your property, a renters insurance policy is a solid investment.
Renters insurance costs are dictated by many factors, including the age of your dwelling, the materials of which it’s made, your apartment’s geographic location, and the pricing strategies of your renters insurance company. In areas prone to hail, fire, lightning, or damaging wind, renters insurance could be more expensive to account for the extra risk.
The average annual cost of renters insurance in Fresno is $230.
Finding affordable renters insurance in Fresno starts with comparing policies. Consult our breakdown of average Fresno renters insurance premiums to begin your search with as much background info as possible. Remember: rates will vary based on your coverage limits and other factors.
Popular renters insurance companies in Fresno
Insurance premiums in Fresno vary based on the insurance company. For instance, USAA offers the cheapest renters insurance in Fresno, at just $101 per year. That's less expensive than the city's average cost of $230, providing a $129 discount on the city's normal rates.
Begin your search for a renters insurance policy by reviewing the cheapest companies in Fresno.
AFFORDABLE RENTERS INSURANCE COMPANIES IN FRESNO
|Company||Average Annual Rate in Fresno|
|Fire Insurance Exchange||$149|
Fresno renters insurance pricing by coverage tier
Your renters insurance rates will vary depending on your coverage levels. Common renters insurance coverage tiers are $25,000 and $50,000 property coverage. In Fresno, the annual cost differential between these levels is about $100. If you can afford to insure your personal property at this additional expense, purchasing more coverage might not be a bad idea.
Coverage Level Average Annual Rate in Fresno $25K Property $180 $50K Property $280
Tip: bundle your auto and renters insurance policies in Fresno
If you’re looking to save, consider carrying your renters and auto policies under the same insurance company. Bundling renters and car insurance in Fresno can result in substantial savings. In fact, bundling renters and auto insurance leads to average savings of 3.5% on car insurance rates. The auto insurer offering the most affordable rate with a renters bundle is GEICO, followed by Mercury and Allstate.
CAR AND RENTERS BUNDLING DISCOUNTS IN FRESNO
|Annual Bundle Savings||Bundle Savings %|