Renters insurance from Assurant provides affordable protection for your possessions and liability. But how does Assurant compare to other top providers when choosing coverage?
Overview of Assurant Renters Insurance
Assurant offers the typical renters insurance protections:
- Personal property coverage – Pays to repair or replace belongings if damaged, stolen or destroyed.
- Liability coverage – Covers injury and property damage claims from others you’re legally responsible for.
- Loss of use – Pays additional living expenses if your unit is uninhabitable due to a covered incident.
Standard coverage limits and deductibles apply. Assurant also offers add-ons like identity theft protection for extra premium.
How Assurant Compares to Other Providers
Here’s how Assurant renters insurance stacks up to competitors in terms of average monthly premium:
- Assurant – $20
- State Farm – $25
- Geico – $22
- Lemonade – $17
- Nationwide – $28
Assurant comes in on the affordable end while providing standard renters policy protections. However, premiums vary based on your location and other factors.
Pros and Cons of Assurant Renters Insurance
Pros:
- Lower premiums than many competitors
- Range of available discounts
- Solid core coverages
Cons:
- Mixed customer service reputation
- Less known compared to brands like State Farm
- Fewer add-ons than some competitors
Tips for Choosing the Right Renters Insurance
When selecting renters coverage, make sure to:
- Get quotes from at least 3-5 top insurers
- Compare coverage offerings side-by-side
- Ask about all available discounts
- Pick limits to fully cover belongings
- Read policies closely to understand exclusions
- Check reviews and ratings for each provider
Assurant provides an affordable option for basic renters insurance. Make sure to shop around and compare before making your choice. Understanding policy fine print is also key to ensuring you get the coverage you need.
