Louisville Renters Insurance

The Zebra
July 23, 2019

Louisville renters insurance


Renters insurance is critical if you're renting a house or an apartment. It protects your rental unit — and any personal belongings within it — against a number of perils, including vandalism, wind damage, theft, or fire. 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.

The cost of renters insurance relies on a number 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 events such as fire, lightning, wind, or hail, renters insurance policies may be more expensive to account for the extra risk.

The average yearly cost of renters insurance in Louisville is $199.

Getting affordable renters insurance in Louisville should start with a thorough comparison of the top renters insurance companies. Check out our breakdown of Louisville, Kentucky renters insurance costs to ensure you start your search with as much background info as possible. Remember: renters insurance costs may vary based on your coverage limits and other factors.


Louisville renters insurance:

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

Renters insurance rates in Louisville — popular companies

How much you pay for renters insurance in Louisville depends on the insurer you choose. For instance, USAA offers the most affordable renters insurance in Louisville, at just $102 per year. This compares favorably to the city's typical renters insurance cost of $199, providing a $97 discount on typical rates in the city.

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


AFFORDABLE RENTERS INSURANCE COMPANIES IN LOUISVILLE
CompanyAverage Annual Rate in Louisville
USAA$102
Cincinnati Insurance$108
AAA$134
Travelers$136
State Farm$139

Louisville renters insurance pricing by coverage tier

Your renters insurance rates will vary depending on the amount of coverage you purchase. Common renters insurance tiers are $25,000 and $50,000 property coverage. In Louisville, the average annual cost difference between these tiers is about $82. If you can afford the up-front expense, it's an option worth considering.

Coverage LevelAverage Annual Rate in Louisville
$25K Property$158
$50K Property$240

Tip: bundle your renters and car insurance policies

If you’re looking to cut your insurance expenditures, purchase your renters and auto policies from the same company. Combining renters and car insurance in Louisville can lead to substantial savings. In fact, bundling policies in Louisville leads to average auto insurance savings of $111. The car insurer offering the most affordable rate with a renters bundle is Kentucky Farm Bureau, followed by GEICO and Liberty.


CAR AND RENTERS INSURANCE BUNDLING DISCOUNTS IN LOUISVILLE
Annual Bundle SavingsBundle Savings %
$1115.5%

Need renters insurance? Talk to an expert today.