Durham Renters Insurance

The Zebra
July 23, 2019

Renters insurance in Durham


It's very important to maintain an active renters insurance policy if you're renting a house or an apartment. The coverage protects against a variety of perils, including wind, theft, fire, or vandalism. Given the relatively common frequency 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.

Renters insurance premiums are dictated by myriad factors, including your building's age, the material from which it’s made, its geographic location, and the pricing guidelines 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 price of renters insurance in Durham is $144.

Finding reliable renters insurance in Durham begins with shopping around and comparing policies. Review our list of Durham renters insurance rates to ensure you're informed and aware heading into the insurance purchasing process. Note that rates will vary based on coverage limits and other factors.


Durham renters insurance:

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

Renters insurance in Durham — popular companies

Renters insurance premiums in Durham depend on the insurer you choose. For instance, AAA offers the cheapest renters insurance in Durham, at just $110 per year. This compares favorably to the city's average cost of $144, providing a $34 discount on the city's normal rates.

Start your search for a renters insurance policy by reviewing the cheapest companies in Durham.


AFFORDABLE RENTERS INSURANCE COMPANIES IN DURHAM
CompanyAverage Annual Rate in Durham
AAA$110
USAA$113
North Carolina Farm Bureau$116
State Farm$117
Nationwide$125

Durham renters insurance premiums by coverage level

The cost of your renters insurance depends on the amount of coverage you opt to carry. Two of the most common levels of renters insurance coverage are $25,000 and $50,000 property coverage. In Durham, the annual cost differential between these options is approximately $86. If you can afford the up-front expense, it's an option worth considering.

Coverage LevelAverage Annual Rate in Durham
$25K Property$101
$50K Property$187

How to save: bundle your renters and car insurance

If you’re looking to cut your insurance expenditures, carry your renters and auto policies under the same insurance company. Bundling renters and auto insurance in Durham can result in substantial savings. In fact, bundling policies in Durham leads to average auto insurance savings of $32. The car insurance company with the cheapest bundled rate is GEICO, followed by North Carolina Farm Bureau and Erie.


CAR AND RENTERS INSURANCE BUNDLE SAVINGS IN DURHAM
Annual Bundle SavingsBundle Savings %
$323.5%

Need renters insurance? Talk to an expert today.