How Do Renters Insurance And Car Insurance Work Together?

Many people ask us how renters insurance and car insurance work together.  It’s a common question, and there’s usually one major reason that people ask – they’re looking for a bundle discount.  Those are certainly available, and we’ll touch on them, but there’s more to the intersection of Arlington, TX Renters Insurance and your auto policy than that!

Renters Insurance And Car Insurance Discounts

We might as well give you the information that you came for right out of the gate!  Yes, renters insurance and car insurance work together to give you discounts.  Bundling the two can save you quite a bit of money.  It’s important to understand how it can save you money, though.

Generally, the discount on your renters insurance is small.  That’s not because the percentage is small, of course.  It’s because renters insurance is not expensive.  A few percent of $180 a year is still only a few dollar, because of the price of the renters insurance.

Your auto insurance is where you save the most money when you have renters insurance and car insurance, simply because it’s the most expensive policy.  When you work with Effective Coverage, both policies will be placed where it’s most efficient with the best pricing.  That ensures that you’re saving the most money possible.

Renters Insurance And Car Insurance – Theft From A Vehicle

Car insurance would cover theft of the vehicle, of course.  But did you know that your auto policy doesn’t cover the things in your vehicle?  That’s right, anything stolen from your car is not covered by the insurance on the car.  But when you have renters insurance and car insurance, you’ve got coverage for that.

Theft of items from a vehicle is a far more common occurrence than theft of the vehicle itself, of course.  Your renters insurance policy can cover that theft, where your auto policy would not.  It’s important to understand the coverage on both policies, and how they intersect.

How Can I Get Renters Insurance And Car Insurance And Save Money?

Buying renters insurance and car insurance together generally saves you quite a bit of money.  But what’s the right way to do that?  Some people will just call up a direct writer, get the price they offer, and call it a day.  But there’s a problem with that.  When you call up a direct writer, you may be getting renters insurance and car insurance from a company you’ve never heard of.

When you work with Effective Coverage, you’ll know where your policies are placed, and why.  You’ll get the best price for bundling with Effective Coverage, but you’ll also get the best policies.  Effective Coverage works only with highly rated underwriters who are known for excellent claims service.

That makes sure that you’re getting a policy that not only meets your landlord’s requirements, but also meets your requirement that the policy be there to help you out when you need it the most.  One of the largest problems with calling a direct writer is that at least one of them isn’t capable of meeting your landlord’s requirements.

There is at least one company out there who writes renters insurance and car insurance with the renters policy as nothing more than an endorsement on your auto policy!  The problem with that is you can’t add an endorsement to an endorsement, so the renters policy is take it or leave it.  You can’t add coverage for valuable items, for instance, and you can’t add an additional interest.

That’s a problem with that direct writer, because your landlord likely won’t accept a policy that’s just an endorsement on your auto policy.  They certainly won’t accept it without the additional interest endorsement.  Effective Coverage will offer you separate renters insurance and car insurance policies, which makes it easy to comply with the requirements of your landlord.  Besides, your car insurance is none of your landlord’s business, do you really want to give them a copy of it?

Arlington, TX Renters Insurance is more affordable than ever before.  It’s also easier to get covered.  Working with Effective Coverage is quick and painless, and you can get covered in just sixty seconds!

The national average price of renters insurance is just $187.00, according to the III. That works out to as little as fifteen dollars per month.  The vast majority of families can budget renters insurance easily at those prices.  

Additionally, it's important to note that renters are at a significantly higher risk of experiencing loss than homeowners.  Renters occupy roughly one third of total housing stock in the country, and yet they are fully fifty percent more likely to experience theft than homeowners, according to the Bureau of Justice Statistics.

It only costs a few dollars a month to protect your family, and this cheap renters insurance is a great way to mitigate the additional risks that come with being a renter.

To get protected today, just call (800)892-4308 or click to get covered - whether you need Arlington, TX renters insurance quotes online or coverage anywhere else!

Effective Coverage offers the nation's only completely mobile platform to quote and purchase renters insurance right from your phone or tablet in just one minute. Get an online renters insurance quote today and protect your family.

What's Your Insurance Language?

• Do You Need Renters Insurance ASAP? Check out the fastest way to buy renters insurance online and get covered in just 60 seconds!
• Do You Feel Like Talking About It? Just call Effective Coverage and a renters insurance expert can help you get great coverage in minutes.
• Do You Need Some Time Alone With Your Thoughts? We understand, which is why we created the Texas Guide To Renters Insurance. 
• Just Want To Watch A Movie Together? See our Video Texas Renters Insurance Guide!