Toledo Renters Insurance

The Zebra
July 23, 2019

Renters insurance in Toledo


It's very important to maintain renters insurance if you're renting a house or apartment. It covers your rental unit — and the personal property within it — against a variety of harms, including vandalism, wind damage, theft, or fire. Given the likelihood of these incidents occurring, the affordable price of renters insurance, and the relatively high cost of replacing your property, a renters insurance policy is a solid investment.

How much your renters insurance policy costs will come down to 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 could be more expensive to account for the extra risk.

The average annual cost of renters insurance in Toledo is $177.

Finding cheap renters insurance in Toledo starts with shopping around and comparing policies. Consult our analysis of Toledo, Ohio renters insurance premiums to commence your purchase process with as much background info as possible. Remember: renters insurance costs may vary based on your coverage limits and other factors.


Toledo renters insurance:

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

Renters insurance costs in Toledo by insurance company

How much you pay for renters insurance in Toledo depends on the insurance company you choose. For instance, Cincinnati Insurance offers the cheapest renters insurance in Toledo, at just $71 per year. This compares favorably to the city's average cost of $177, providing a $107 discount on typical rates in the city.

Begin your search for a renters insurance policy by reviewing the cheapest companies in Toledo.


AFFORDABLE RENTERS INSURANCE COMPANIES IN TOLEDO
CompanyAverage Annual Rate in Toledo
Cincinnati Insurance$71
Motorist Mutual$100
Erie$103
Grange Insurance$112
USAA$112

Toledo renters insurance premiums by coverage level

The cost of your renters insurance policy will be influenced by the amount of coverage you opt to carry. Common renters insurance tiers are $25,000 and $50,000 property coverage. In Toledo, the average annual cost difference between these tiers is approximately $64. If you can afford to insure your personal property at this additional expense, it's worth considering.

Coverage LevelAverage Annual Rate in Toledo
$25K Property$145
$50K Property$209

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 auto insurance in Toledo can result in substantial savings. In fact, bundling renters and auto insurance leads to average savings of 5.3% on car insurance premiums. The car insurance company offering the most affordable rate with a renters bundle is GEICO, followed by Erie and Progressive.


CAR AND RENTERS INSURANCE BUNDLING DISCOUNTS IN TOLEDO
Annual Bundle SavingsBundle Savings %
$605.3%

Need renters insurance? Talk to an expert today.