Lubbock Renters Insurance

The Zebra
July 23, 2019

Lubbock renters insurance


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 against a variety of perils, including vandalism, wind damage, theft, or fire. Given the likelihood of one of these incidents, the affordable price of a renters policy, and the potentially high cost of replacing your belongings, a renters insurance policy is a solid investment.

Renters insurance rates are dictated by a number of factors, including your building's age, the materials from which it’s made, its location, and the pricing guidelines of your renters insurance company. In areas prone to hail, fire, lightning, or damaging wind, renters insurance policies may be more expensive to account for the extra risk.

The average annual price of renters insurance in Lubbock is $262.

Finding affordable renters insurance in Lubbock should start with a thorough comparison of the top renters insurance companies. Review our list of Lubbock 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.


Lubbock renters insurance:

  1. Rates by company
  2. Rates by coverage level
  3. Renters and auto insurance discounts

Renters insurance premiums in Lubbock — top companies

Renters insurance rates in Lubbock, Texas depend on the insurance company you choose. For instance, USAA offers the most affordable renters insurance in Lubbock, at just $155 per year. This compares favorably to the city's typical renters insurance cost of $262, providing a $107 discount on the city's normal rates.

Begin your search for a renters insurance policy by exploring the cheapest insurers in Lubbock.


AFFORDABLE RENTERS INSURANCE COMPANIES IN LUBBOCK
CompanyAverage Annual Rate in Lubbock
USAA$155
Travelers$203
State Farm$221
Amica$231
ASI Lloyds$239

Lubbock renters insurance pricing by coverage tier

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. In Lubbock, the annual cost differential between these options is about $135. If you can afford to insure your personal property at this additional expense, it's worth considering.

Coverage LevelAverage Annual Rate in Lubbock
$25K Property$195
$50K Property$330

Money-saving 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. Bundling renters and car insurance in Lubbock can lead to substantial savings. In fact, bundling policies in Lubbock leads to average auto insurance savings of $69. The car insurer with the cheapest bundled rate is State Farm, followed by USAA and Progressive.


AUTO AND RENTERS INSURANCE BUNDLING SAVINGS IN LUBBOCK
Annual Bundle SavingsBundle Savings %
$693.9%

Need renters insurance? Talk to an expert today.