Greensboro Renters Insurance

The Zebra
July 23, 2019

Greensboro renters insurance


It's important to carry renters insurance for those renting an apartment or house. It protects your rental unit — and any personal belongings within it — against a variety of harms, including fire, theft, vandalism, and wind damage. Since bad things do happen, 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 the building's age, its material constitution, its geographic location, and the pricing rules of your insurance company. In areas in which fire, lightning, wind, or hail are common, renters insurance could be more expensive.

The average annual price of renters insurance in Greensboro is $150.

Getting affordable renters insurance in Greensboro begins with shopping around and comparing policies. Consult our analysis of average Greensboro renters insurance rates to ensure you're informed and aware heading into the insurance purchasing process. Remember: renters insurance costs may vary based on your coverage limits and other factors.


Greensboro renters insurance:

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

Renters insurance premiums in Greensboro — popular companies

Insurance premiums in Greensboro vary based on the insurance company providing the quote. For instance, AAA offers the most affordable renters insurance in Greensboro, at just $104 per year. This compares favorably to the city's average cost of $150, providing a $46 discount.

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


AFFORDABLE RENTERS INSURANCE COMPANIES IN GREENSBORO
CompanyAverage Annual Rate in Greensboro
AAA$104
USAA$108
North Carolina Farm Bureau$125
Nationwide$130
State Farm$150

Greensboro renters insurance premiums by coverage level

The cost of your renters insurance policy will be influenced by the amount of coverage you opt to carry. Common renters insurance tiers are $25,000 and $50,000 property coverage. In Greensboro, the annual cost differential between these options is approximately $90. If you can afford to insure your personal property at this additional expense, purchasing more coverage might not be a bad idea.

Coverage LevelAverage Annual Rate in Greensboro
$25K Property$105
$50K Property$195

How to save: bundle your renters and auto 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. Bundling renters and car insurance in Greensboro can save you a substantial sum each month on your auto insurance bill. In fact, bundling renters and auto insurance leads to average savings of 3.5% on car insurance premiums. The auto insurance company offering the most affordable rate with a renters bundle is GEICO, followed by North Carolina Farm Bureau and Erie.


AUTO AND RENTERS INSURANCE BUNDLE SAVINGS IN GREENSBORO
Annual Bundle SavingsBundle Savings %
$313.5%

Need renters insurance? Talk to an expert today.