Renters Insurance in Charlotte, North Carolina
Renters insurance is a key coverage if you're renting a home. It covers your rental unit — and the personal property within it — against a number of perils, including theft, fire, vandalism, or wind damage. Given the reasonable likelihood of a damaging incident, the affordability of rental coverage, 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 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 Charlotte is $160.
Finding affordable renters insurance in Charlotte starts with comparing policies. Consult our analysis of Charlotte, North Carolina renters insurance costs to ensure you start your search with as much background info as possible. Remember: your renters insurance costs may vary based on your coverage limits and other factors.
Charlotte renters insurance:
Renters insurance rates in Charlotte — top companies
How much you pay for renters insurance in Charlotte depends on the insurance company. For instance, AAA offers the cheapest renters insurance in Charlotte, at just $101 per year. This compares favorably to the city's average cost of $160, providing a $59 price cut on typical rates in the city.
Begin your search for a renters insurance policy by reviewing the cheapest companies in Charlotte.
AFFORDABLE RENTERS INSURANCE COMPANIES IN CHARLOTTE
|Company||Average Annual Rate in Charlotte|
|North Carolina Farm Bureau||$135|
Charlotte renters insurance pricing by coverage level
Your renters insurance rates will vary depending on the amount of coverage you purchase. The most common levels of renters insurance coverage are $25,000 and $50,000 property coverage. In Charlotte, the annual cost difference between these tiers is approximately $96. If you can afford to insure your personal property at this additional expense, it's worth considering.
|Coverage Level||Average Annual Rate in Charlotte|
How to save: bundle your renters and car insurance
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 Charlotte can save you a substantial sum each month on your auto insurance bill. In fact, bundling policies in Charlotte leads to average auto insurance savings of $37. The car insurance company offering the most affordable rate with a renters bundle is GEICO, followed by North Carolina Farm Bureau and Erie.
CAR AND RENTERS INSURANCE BUNDLE SAVINGS IN CHARLOTTE
|Annual Bundle Savings||Bundle Savings %|