Cleveland Renters Insurance

The Zebra
July 23, 2019

Cleveland renters insurance


It's very important to maintain renters insurance if you're renting a home. Renters insurance covers your dwelling and most property within it against a variety of harms, such as fire, theft, vandalism, or wind damage. Given the likelihood of one of these incidents, the affordable price of renters insurance, and the potentially high cost of replacing your belongings, a renters insurance policy is a solid investment.

The cost of your renters insurance will rely on a number of contributing factors, including the building's age, its material constitution, its geographic location, and the pricing rules of your 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 cost of renters insurance in Cleveland is $166.

Getting affordable renters insurance in Cleveland starts with shopping around and comparing policies. Check out our breakdown of Cleveland renters insurance costs to ensure you start your search with as much background info as possible. Note that rates will vary based on coverage limits and other factors.


Cleveland renters insurance:

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

Renters insurance costs in Cleveland by insurance company

Insurance premiums in Cleveland vary based on the insurance company. For instance, Cincinnati Insurance offers the cheapest renters insurance in Cleveland, at just $73 per year. That's less expensive than the city's average cost of $166, providing a $93 price break on the city's normal rates.

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


AFFORDABLE RENTERS INSURANCE COMPANIES IN CLEVELAND
CompanyAverage Annual Rate in Cleveland
Cincinnati Insurance$73
USAA$83
Motorist Mutual$100
Erie$103
Grange Insurance$109

Cleveland renters insurance pricing by coverage tier

Your renters insurance rates will vary depending on the amount of coverage you purchase. Common renters insurance coverage tiers are $25,000 and $50,000 property coverage. In Cleveland, the annual cost differential between these levels is roughly $59. If you can afford to insure your personal property at this additional expense, it's worth considering.

Coverage LevelAverage Annual Rate in Cleveland
$25K Property$137
$50K Property$195

Tip: bundle your renters and car insurance policies

If you’re seeking ways to save on your insurance expenditures, consider carrying your renters and auto policies with the same insurance company. Combining renters and car insurance in Cleveland can lead to substantial savings. In fact, bundling policies in Cleveland leads to average auto insurance savings of $65. The auto insurer with the cheapest bundled rate is GEICO, followed by Erie and Progressive.


AUTO AND RENTERS INSURANCE BUNDLE DISCOUNTS IN CLEVELAND
Annual Bundle SavingsBundle Savings %
$655.3%

Need renters insurance? Talk to an expert today.