We had an interesting conversation with someone in the Pacific Northwest just the other day. Actually, it was a bit one-sided. He shared an interesting monologue with us, to be honest. In either case, here’s an excerpt:
I just want to know how much Everett, WA Renters Insurance will cost me. It’s 2017, why can’t I get a renters insurance price estimate without answering all these questions? You know what the policy will cost, you just want to get my information on a list and I won’t have it! Just give me an estimate of what renters insurance costs in my area!
We do understand his feelings on the matter. Most companies ask a ton of questions before they give you an estimate of your renters insurance price, and that can be frustrating. While we’ve scaled back the questions drastically to make the process more efficient there are still a few questions that need answers.
One of them, of course, is why those questions need to be asked at all!
It’s 2017, Why Can’t I Just Get A Renters Insurance Price Estimate?
It’s just not that easy, even in 2017. Your renters insurance price estimate will vary based on a number of things. You, your previous loss history, your credit, and your location have a great deal to do with it. So does the amount of coverage that you’re looking for.
Your previous loss history is relevant because it can be predictive of future loss expectations. No one likes that fact, but the statistics bear it out. People who have had losses in the recent past are more likely to have losses in the future. Whether that’s because of the type of neighborhood in which you live, or because of your lifestyle, or just because of bad luck doesn’t matter. The correlation still holds true, and impacts your renters insurance price.
Your location is indicative of local crime rates, of course, as well as the number of claims filed by other people in that area. A distinction can be drawn between fraudulent claims and legitimate claims, as well, which allows for a prediction of the number of future fraudulent claims that cost everyone money. All of this is relevant to your renters insurance price.
Your location – both your address and general location – are able to indicate the general construction practices in that area as well as whether landlords normally provide standard safety devices. Wood frame construction is cheap, but it’s also not the safest way to build apartments that survive fires well. That’s why renters insurance prices for wood frame construction are usually slightly more than prices for more fire safe types of construction.
And now on to the elephant in the room…
What Does Credit Have To Do With A Renters Insurance Price Estimate, Anyway?
Whether people like it or not, there absolutely is a correlation between credit and future claim expectations. Some of it can be attributed to living situations, some of it can be attributed to the odd questionable claim, and some of it can be attributed to other factors. All of those factors are things that can change your renters insurance price.
But the correlation has been proven, and credit scores are used as a rating factor in the vast majority of states. However, the level to which they are weighted as a rating factor varies drastically between states. For instance, in Washington, credit might change the price of your policy by fifty percent at most. In Georgia, however, it can have a much more significant impact on the premium.
Do You Just Want To Create A Marketing List?
Every question that Effective Coverage asks is necessary for rating or underwriting, or to offer you the policy. We need a phone number to call you back if the call drops, since cell phones are what most people primarily use in 2017. We need an email address to send the policy to.
The most personal question we’ll usually have to ask is your date of birth. That helps us to ensure that we are rating the correct individual, because many people share names with at least one other person in the country. In some states, there are discounts based on the age of the insured, as well. You’d want that discount, right? You want every discount on your Everett, WA Renters Insurance, right?
So What’s A Fair Estimate Of The Price Of Renters Insurance?
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.
That’s as close to an estimate of the price of renters insurance as we can get without doing a quote for you. The good news is that you can do the quote yourself online, in about sixty seconds. We’ve trimmed all the unnecessary questions, and that saves time and simplifies the process. We’ll only ask questions we need the answers to, and your quote is presented to you online.
It’s the only way to get an estimate of the price of renters insurance. Whether you call or go online, it’s quick, so just call (800)892-4308 or click to get covered - whether you need Everett, WA 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 Washington Guide To Renters Insurance.
- Just Want To Watch A Movie Together? See our Video Washington Renters Insurance Guide!