The cost of renters insurance in Charleston is an important factor to consider when choosing a policy, as most companies in the city offer similar coverage. To find the best policy, compare renters insurance quotes from various carriers. MoneyGeek found the most affordable rates for Charleston renters looking for cheap renters insurance. These are:
- State Farm: $115 per year
- USAA: $140 per year (only available to current and former military members and their families)
Generally, USAA offers policyholders better value for their money as the company pays reimbursements at replacement cost. All of their policies also cover flood and earthquake damage.
All prices used in MoneyGeek’s study are for policies with $20,000 in personal property coverage limits, $100,000 in liability coverage limits and a deductible of $500. Check the table below to see how prices change depending on the personal property coverage limits. If you are renting a home in a South Carolina city outside of Charleston, you can compare renters insurance in South Carolina as a whole.