Lexington Renters Insurance

The Zebra
July 23, 2019

Renters insurance in Lexington


It's very important to maintain renters insurance if you're renting a house or apartment. Renters insurance covers your dwelling and most property within it in a variety of circumstancees, including vandalism, wind damage, theft, or fire. Given the likelihood of these incidents occurring, 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 renters insurance comes down to a variety of factors, including the age of your dwelling, the materials of which it’s made, your apartment’s geographic location, and the pricing strategies 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 extra risk.

The average annual cost of renters insurance in Lexington is $181.

Finding affordable renters insurance in Lexington should start with a thorough comparison of the top renters insurance companies. Consult our breakdown of Lexington renters insurance rates to ensure you're informed and aware heading into the insurance purchasing process. Remember: your renters insurance costs may vary based on your coverage limits and other factors.


Lexington renters insurance:

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

Renters insurance in Lexington — top companies

Renters insurance rates in Lexington, Kentucky depend on the insurer you choose. For instance, USAA offers the cheapest renters insurance in Lexington, at just $87 per year. This compares favorably to the city's typical renters insurance cost of $181, providing a $95 discount on typical rates in the city.

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


AFFORDABLE RENTERS INSURANCE COMPANIES IN LEXINGTON
CompanyAverage Annual Rate in Lexington
USAA$87
Cincinnati Insurance$108
AAA$125
Safeco$134
State Farm$134

Lexington 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 coverage tiers are $25,000 and $50,000 property coverage. In Lexington, the annual cost differential between these options is roughly $74. If you can afford the up-front expense, it's worth considering.

Coverage LevelAverage Annual Rate in Lexington
$25K Property$145
$50K Property$218

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 Lexington can lead to substantial savings. In fact, bundling renters and auto insurance leads to average savings of 5.7% on car insurance rates. The auto insurance company with the cheapest bundled rate is Kentucky Farm Bureau, followed by GEICO and Liberty.


RENTERS AND CAR INSURANCE BUNDLING SAVINGS IN LEXINGTON
Annual Bundle SavingsBundle Savings %
$805.7%

Need renters insurance? Talk to an expert today.