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Costs and Savings Opportunities

The cost of renting house insurance is typically affordable, with average premiums ranging from $15 to $30 per month1. Several factors influence the cost, including the coverage amount, deductible, location, and any additional coverage options you choose. Importantly, many insurance providers offer discounts that can help reduce your premium. These discounts may be available if you bundle your renters insurance with other policies, such as auto insurance, or if you have safety features like smoke detectors and security systems installed in your home.

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