Raleigh Renters Insurance

The Zebra
July 23, 2019

Renters insurance in Raleigh


It's very important to maintain an active renters insurance policy for those renting an apartment or house. It protects your rental unit — and any personal belongings within it — against a number of perils, including fire, theft, vandalism, or wind damage. Given the likelihood of these incidents occurring, the affordability of rental coverage, and the relatively high cost of replacing your property, a renters insurance policy is a solid investment.

Renters insurance rates are dictated by a variety of factors, including your building's age, the material from which it’s made, its geographic location, and the pricing guidelines of your 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 renters insurance rate in Raleigh is $144.

Finding cheap renters insurance in Raleigh starts with shopping around and comparing policies. Review our list of Raleigh, North Carolina renters insurance rates 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.


Raleigh renters insurance:

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

Renters insurance in Raleigh — top companies

Renters insurance rates in Raleigh, North Carolina depend on the insurer you choose. For instance, USAA offers the most affordable renters insurance in Raleigh, at just $100 per year. This compares favorably to the city's average cost of $144, providing a $44 discount.

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


AFFORDABLE RENTERS INSURANCE COMPANIES IN RALEIGH
CompanyAverage Annual Rate in Raleigh
USAA$100
AAA$110
North Carolina Farm Bureau$118
State Farm$121
Nationwide$126

Raleigh renters insurance premiums by coverage level

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 property coverage. In Raleigh, the annual cost differential between these options is about $86. If you can afford to insure your personal property at this additional expense, it's worth considering.

Coverage LevelAverage Annual Rate in Raleigh
$25K Property$101
$50K Property$187

Money-saving tip: bundle your renters and car insurance policies

If you’re looking to cut your insurance expenditures, carry your renters and auto policies under the same insurance company. Bundling renters and car insurance in Raleigh can result in substantial savings. In fact, bundling renters and auto insurance leads to average savings of 3.5% on car insurance premiums. The car insurer offering the most affordable rate with a renters bundle is GEICO, followed by North Carolina Farm Bureau and Erie.


RENTERS AND AUTO INSURANCE BUNDLE SAVINGS IN RALEIGH
Annual Bundle SavingsBundle Savings %
$323.5%

Need renters insurance? Talk to an expert today.