Chesapeake Renters Insurance

The Zebra
July 23, 2019

Renters insurance in Chesapeake, Virginia


Renters insurance is important if you're renting a house or apartment. It insures your dwelling — and the personal property within — against a variety of perils, including theft, fire, vandalism, or wind damage. Given the likelihood of one of these incidents, the affordability of rental coverage, and the relatively high cost of replacing your property, a renters insurance policy is a solid investment.

The cost of renters insurance relies on a variety of factors, including your building's age, the materials from which it’s made, its location, and the pricing guidelines 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 additional risk.

The average yearly price of renters insurance in Chesapeake is $195.

Finding reliable renters insurance in Chesapeake starts with shopping around and comparing policies. Consult our breakdown of average Chesapeake renters insurance premiums to begin your search with as much background info as possible. Remember: rates may vary based on your coverage limits and other factors.


Chesapeake renters insurance:

  1. Rates by company
  2. Rates by coverage level
  3. Auto and renters insurance discounts

Renters insurance rates in Chesapeake by insurance company

How much you pay for renters insurance in Chesapeake depends on the insurance company providing the quote. For instance, Allstate offers the cheapest renters insurance in Chesapeake, at just $129 per year. This compares favorably to the city's typical renters insurance cost of $195, providing a $67 discount on typical rates in the city.

Begin your search for a renters insurance policy by reviewing the cheapest companies in Chesapeake.


AFFORDABLE RENTERS INSURANCE COMPANIES IN CHESAPEAKE
CompanyAverage Annual Rate in Chesapeake
Allstate$129
Erie$129
Travco$133
Safeco$140
State Farm$171

Chesapeake renters insurance pricing by coverage level

Your renters insurance rates will vary depending on the amount of coverage you purchase. Two of the most common levels of renters insurance coverage are $25,000 and $50,000. In Chesapeake, the annual cost differential between these options is roughly $82. If you can afford the up-front expense, it's worth considering.

Coverage LevelAverage Annual Rate in Chesapeake
$25K Property$154
$50K Property$236

Money-saving tip: bundle your renters and car insurance

If you’re looking to cut your insurance expenditures, purchase your renters and auto policies from the same insurance company. Combining renters and car insurance in Chesapeake can result in substantial savings. In fact, bundling renters and auto insurance leads to average savings of 4.3% on car insurance rates. The auto insurer offering the most affordable rate with a renters bundle is USAA, followed by GEICO and Erie.


RENTERS AND AUTO INSURANCE BUNDLE DISCOUNTS IN CHESAPEAKE
Annual Bundle SavingsBundle Savings %
$404.3%

Need renters insurance? Talk to an expert today.