Renters Insurance in Cleveland, Ohio
It's very important to maintain renters insurance if you're renting a home. Renters insurance covers your dwelling and most property within it against a variety of harms, such as fire, theft, vandalism, or wind damage. Given the likelihood of one of these incidents, 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 your renters insurance will rely on a number of contributing factors, including the building's age, its material constitution, its geographic location, and the pricing rules of your insurance company. In areas prone to hail, fire, lightning, or damaging wind, renters insurance could be more expensive to account for the additional risk.
The average yearly cost of renters insurance in Cleveland is $166.
Getting affordable renters insurance in Cleveland starts with shopping around and comparing policies. Check out our breakdown of Cleveland renters insurance costs to ensure you start your search with as much background info as possible. Note that rates will vary based on coverage limits and other factors.
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Popular renters insurance companies in Cleveland
Insurance premiums in Cleveland vary based on the insurance company. For instance, Cincinnati Insurance offers the cheapest renters insurance in Cleveland, at just $73 per year. That's less expensive than the city's average cost of $166, providing a $93 price break on the city's normal rates.
Begin your search for a renters insurance policy by reviewing the cheapest companies in Cleveland.
AFFORDABLE RENTERS INSURANCE COMPANIES IN CLEVELAND
| Company | Average Annual Rate in Cleveland |
| Cincinnati Insurance | $73 |
| USAA | $83 |
| Motorist Mutual | $100 |
| Erie | $103 |
| Grange Insurance | $109 |
Cleveland renters insurance pricing by coverage tier
Your renters insurance rates will vary depending on the amount of coverage you purchase. Common renters insurance coverage tiers are $25,000 and $50,000 property coverage. In Cleveland, the annual cost differential between these levels is roughly $59. If you can afford to insure your personal property at this additional expense, it's worth considering.Coverage Level Average Annual Rate in Cleveland $25K Property $137 $50K Property $195
Tip: bundle your auto and renters insurance policies in Cleveland
If you’re seeking ways to save on your insurance expenditures, consider carrying your renters and auto policies with the same insurance company. Combining renters and car insurance in Cleveland can lead to substantial savings. In fact, bundling policies in Cleveland leads to average auto insurance savings of $65. The auto insurer with the cheapest bundled rate is GEICO, followed by Erie and Progressive.
CAR AND RENTERS BUNDLING DISCOUNTS IN CLEVELAND
| Annual Bundle Savings | Bundle Savings % |
| $65 | 5.3% |