Best Renter Insurance for Students in 2022!

You’re often in a hurry to get renters insurance so you can move into your new apartment or rental home.

And I have some great news: not only can buying renters insurance be extremely easy, but you can get renters insurance quotes online and apply for coverage in minutes.

We checked 4 of them best renters insurance for college students in 2022 to make your insurance coverage search and buying process super easy.

Lemonade – Best overall

Lemonade logo large

After reviewing several companies, our top pick is for the best total renter insurance lemonade. Their application is super fast, their website is easy to navigate, and they have some of the lowest prices around.

More of the best renters insurance for college students below:

Progressive – Best for policy discounts

progressive logo

Progressive has been in business since 1937 and offers renters insurance in 50 states and DC

QuoteWizard – Best for price comparison

Quote Wizard Logo

The quote wizard allows you to compare 30 companies side by side and choose the policy that offers the coverage you need.

Allstate – Best for multiple plan options

Allstate logo

Allstate needs no introduction and they are one of the largest insurance companies in the entire insurance industry.

How much does student renters insurance cost?

The average cost of renters insurance for a college student is about $15 per month or $180 per year. However, keep in mind that the price may vary based on various factors such as your location, the condition of your device, the amount of coverage required, the type of items you need to cover and the deductible you choose.

What Does Renter Insurance Cover for a College Student?

Personal property

Personal property insurance means that if something happens to your personal belongings, the insurance company will give you money to replace them based on current cost or current value (depending on the type of policy you have).

best renter insurance for students

Personal Liability

Personal liability insurance covers you if someone decides to sue you after being injured in your home. The insurance company pays the injured party the legal costs and any compensation.

Medical Payments

Health insurance goes hand in hand with private liability insurance. If someone sues you for injuring themselves at your home, this insurance will cover their medical bills.

Loss of use (also called Additional Living Expenses – ALE)

Loss of use insurance means that if something happens to your home and you are unable to live there because of the damage, your insurance will reimburse you for your living expenses. Some companies have time caps and others have financial caps on this benefit.

See also  Why your home needs flood insurance

Tenant protection completed easy!

Agents not required.

Get quotes and sign up online without speaking to an agent. But we’re here if you need us.

Impartial, competent advice.

Get unbiased insurance education from licensed agents and also avoid shady sales calls.

coverage in minutes.

You can get renters insurance coverage within minutes of receiving your quotes and submitting your application.

Home insurance still won’t pay…

It’s a great thing to be covered by renters insurance; However, I don’t want you to think that it has you covered for everything. There are some things that absolutely NO renters insurance covers, no matter the best renters insurance, and we list them below:

floods

If you are concerned about flood risk, visit FEMA’s website to learn more about the National Flood Insurance Program. Remember that this policy covers things like an overflowing bathtub, situations like this do not count as flooding for coverage purposes.

earthquake

Earthquakes are also not covered. If you are worried about earthquakes, you should look for separate earthquake insurance.

Dangerous Dogs

As with other rental insurance policies, certain dog breeds are considered more risky than others, which is why some breeds are excluded from liability coverage.

Intentional Actions

Regardless of the insurance company or the type of insurance product, there is no insurance carrier that will pay for intentionally caused damage.

As you can see, when you need the best renters insurance in California or any other state, you still need additional coverage for anything that may not be covered.

Why does a college student need their own renters insurance?

You may not have much right now, but the things you do own are essential to you and most of the time expensive or difficult to replace.

For example:

What if your laptop is stolen from your college dorm or coffee shop? It’s unlikely you’ll have an extra $1,000 lying around to buy a new one. However, your insurance company can replace it in a timely manner.

When tragedy strikes and you lose everything you own, starting over can be incredibly expensive. Pension insurance can help you get back on your feet and replace the essentials. With policies starting at just $5 a month, there’s no excuse for not having coverage.

Renters insurance from Condition.

As a home renter, insurance policies are available to you no matter where you live.

With quality home insurance, you can protect your home and everything in it. Click on your state for more information.

Does my home insurance cover college students?

Once in a while. A handful of homeowner policies allow you to add renters insurance for a student if they’re under 26 and living in a dorm.

Other policies are more restrictive. However, given the cheap rental insurance, it makes more sense for your student to take out their own insurance.

Is pension insurance worth it for students?

Yes, 100%. As I said, if something happens to your belongings, your renter’s insurance will help you replace them.

And with easy-to-use online entitlements, you don’t have to sacrifice too much study time to get the funds you need to start fresh. Some landlords will ask for it, so whether it’s worth it or not doesn’t really help you in these situations.

However, if you do need to claim your renters insurance, it’s worth it as the insurance company will replace your possessions and property up to the policy limit.

How to apply for renters insurance

Applying for home insurance is quick and easy. This can be done online very quickly. Below are the quick steps you can take to apply for renters insurance.

View your instant offer

First, click here or on one of the buttons above to start the quotation process. You don’t need any personal information other than address to get your offers quickly. Once you have your quotes and have chosen the insurance option that works best for you, it is time to insure yourself.

Collect your personal information

You will need your name, address and social security number. The online forms walk you through several questions to learn more about the rental you will be staying in and what coverage you need.

Start your online application

Once you have all your personal information together, your next step is to start the application. This is easy by simply following the instructions after you have filled out your offer.

Know the safety features of your rental car

The application may ask about smoke detectors, sprinklers, and deadbolts. The best renters insurance offers discounts for these features. Sometimes the intake form will also ask if you have pets, particularly certain breeds of dogs. Overall, the process can take less than five minutes.

See also  5 Questions Newlyweds Have About Life Insurance

Answer your questions honestly

Be sure to answer each question truthfully. If you don’t do this and something happens, the company may deny your claim. Even if they don’t dispute your claim, you may still be committing fraud.

Add any additional interest

Some landlords may require you to add them as an additional interest. This will let them know if the policy has expired or if you have renewed your policy. Most companies can add this during the application process or immediately after.

Print out your proof of insurance

Once your policy has been approved and paid for, simply print out your proof of insurance and you’re covered.

Act – you decide

If you’ve thought about getting renters insurance but never done anything, there’s no time like the present. Not only is Lemonade easy to apply for and claim, but it also allows you to choose a cause you care about and donate to it.

The saying goes, “If you knew better, you would do better,” so now that you know, it’s time to do it. You can click here to start your renters insurance journey today.

frequently asked Questions

How much does student home insurance cost?

The average cost of renters insurance for a college student is about $15 per month or $180 per year. However, keep in mind that the price may vary based on various factors such as your location, the condition of your device, the amount of coverage required, the type of items you need to cover and the deductible you choose.

Can you get tenant insurance for the student residence?

Yes, you can get renters insurance for your student residence if you live off campus. However, if you’re still living with your parents while you’re studying, you’ll usually be covered by their homeowners’ or renters’ insurance.

Can I take out household contents insurance for my son?

Yes, you can take out contents insurance for your son or daughter. If they live alone, you canCounter” of their policy. If they’re in college and still live with you, they’re already covered by your personal homeowners’ or renters’ policy.

What kind of insurance might a student need?

The type of insurance a student might need when out of school is:

  • life insurance
  • Health insurance
  • pension insurance
  • accident insurance
  • Insurance against identity theft
  • car insurance
  • mobile phone insurance
  • dental insurance

Leave a Comment

Your email address will not be published. Required fields are marked *