Is That The Best Price For Edison, NJ Renters Insurance?

One of the questions that our insurance experts for NJ renters are asked with alarming frequency focuses on price.  People often want to know “Is that the best price for Edison, NJ renters insurance?”  Well, first of all, we can assure you that we’re not holding back discounts.  If there’s a discount, it’s been applied by the time the price gets to you.  But there’s more to it than that.  Why might you pay more than your neighbor (or less than your neighbor) for Edison, NJ Renters Insurance?

But My Friend Paid…

Hmm…  Is that right?  That’s quite interesting, but completely irrelevant.  We’ll see why in a moment.  This question takes several forms.  It may be a standard negotiating tactic that some people use, and that’s all well and good if you’re buying a car.  But insurance is priced based on risk, and the price is what it is once all discounts have been applied.  We apply all discounts whether you ask for them or not, so it’s a moot point.  This question may also arise because your friend isn’t telling you the truth.  That’s not unheard of, perhaps because they don’t think it’s your concern how much they paid for their coverage.  In any case, it’s still not relevant what he paid…  Because he’s not you.

Discounts

You can ask for discounts if you liked.  But we’re probably already aware of the safety features of your apartment and the other things that affect the price of your coverage.  We apply these discounts proactively, so that you don’t have to ask for them.  It just makes sense to us to do it that way, and make the process easier.  Remember that insurance doesn’t work like cable or other services – because it’s priced based on risk rather than a set margin over cost of goods (or services) sold, there is no room in the price for “Because I like you” discounts or “Just to close the sale, if you buy in the next five minutes…” discounts.  That’s simply not seen in insurance, because of the way the entire product is structured.

Minimum Premium

Many underwriters have a minimum premium that they’ll charge for a year of Edison, NJ Renters Insurance.  the number is there because there’s a cost to issue and service a policy for a period of time.  That minimum premium is what the underwriter feels will meet those costs – obviously, policies can’t be sold at a loss out of the gate.

These minimum premiums are often quite low, and may or may not impact your price.  Sometimes it’s possible to increase coverage within the minimum premium so you’re getting additional coverage at the same price, but that’s not going to change the price itself.

Remember that your credit, claims history, and other factors impact your premium.  The price of insurance is individual to you, and it’s set based on the risk being taken on by the company.  The way to get the best price on your policy is to work with the insurance experts at Effective Coverage.  Just call (800)892-4308 or click to get covered - whether you need Edison, NJ 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 Style?

• Do You Need Coverage 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 New Jersey Guide To Renters Insurance.
• Just Want To Watch A Movie Together? See our video guide below.

Photo Credit: Ged Carroll Creative Commons 2.0 By