Fort Wayne Renters Insurance

The Zebra
July 23, 2019

Renters insurance in Fort Wayne


It's very important to maintain an active renters insurance policy if you're renting a house or an apartment. It insures your dwelling — and the personal property within — against a number of perils, including fire, theft, vandalism, or wind damage. Given the relatively common frequency of these incidents, the affordability of a renters policy, and the potentially high cost of replacing your belongings, 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 cost of renters insurance in Fort Wayne is $169.

Getting affordable renters insurance in Fort Wayne begins with shopping around and comparing policies. Consult our breakdown of Fort Wayne, Indiana 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.


Fort Wayne renters insurance:

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

Renters insurance rates in Fort Wayne — popular companies

Insurance premiums in Fort Wayne vary based on the insurer you choose. For instance, USAA offers the most affordable renters insurance in Fort Wayne, at just $95 per year. That's less expensive than the city's average cost of $169, providing a $74 price break on the city's normal rates.

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


CHEAP RENTERS INSURANCE COMPANIES IN FORT WAYNE
CompanyAverage Annual Rate in Fort Wayne
USAA$95
Safeco$103
Hastings Mutual$108
State Farm$116
Indiana Farm Bureau$124

Fort Wayne renters insurance premiums by coverage level

Your renters insurance rates will vary depending on your coverage levels. Two of the most common levels of renters insurance coverage are $25,000 and $50,000 property coverage. In Fort Wayne, the difference in annual premium between these two tiers is about $66. If you can afford the up-front expense, purchasing more coverage might not be a bad idea.

Coverage LevelAverage Annual Rate in Fort Wayne
$25K Property$136
$50K Property$202

How to save: bundle your renters and car insurance

If you’re seeking ways to save on your insurance expenditures, consider carrying your renters and auto policies with the same insurance company. Pairing renters and car insurance in Fort Wayne can result in substantial savings. In fact, bundling renters and auto insurance leads to average savings of 6.8% on car insurance premiums. The auto insurance company with the cheapest bundled rate is Erie, followed by GEICO and American Family.


RENTERS AND CAR INSURANCE BUNDLE DISCOUNTS IN FORT WAYNE
Annual Bundle SavingsBundle Savings %
$676.8%

Need renters insurance? Talk to an expert today.