Best and Cheapest Renters Insurance in Greeley, CO (2024)

The best and cheapest renters insurance company in Greeley, Colorado is Auto-Owners with a MoneyGeek score of 92 and an annual premium of $53. Depending on your needs, other providers may be best, such as Chubb for service quality, with an annual premium of $151. MoneyGeek also looked into the best and cheapest renters insurance in Colorado for those who live elsewhere in the state.

The best renters insurance in Greeley, Colorado is Auto-Owners, with a MoneyGeek score of 92 out of 100 and an annual premium of $53. The following providers are the top two best renters insurance providers in Greeley for a policy with $20,000 in personal property coverage, $100,000 in personal liability, and a $1,000 deductible.

• Auto-Owners: MoneyGeek score of 92 out of 100 ($53 per year)
  
• State Farm: MoneyGeek score of 89 out of 100 ($67 per year)
  

The best provider in the state balances both cost and affordability. Auto-Owners Insurance has perfectly balanced customer satisfaction and affordability with an affordability score of 55 out of 55.

In Greeley, Colorado, Auto-Owners offers the cheapest renters insurance with an annual premium of $53 for $20,000 in personal property coverage. Personal property coverage helps protect your belongings in case of theft, fire, or other covered events.
The following providers are the top two cheapest providers in Greeley for $20,000 in personal property coverage and a $1,000 deductible, with minimal consideration for customer service by MoneyGeek.

• Auto-Owners: $53 per year
• State Farm: $67 per year

Cheap renters insurance policies often have low personal property coverage limits. While higher coverage limits can lead to higher monthly costs, they offer better protection if you have many personal belongings.

In Greeley, Colorado, Auto-Owners offers the cheapest renters insurance for a policy with $20,000 in personal property coverage and a $2,000 deductible, with an annual premium of $52. The following providers are the top two cheapest providers in Greeley for $20,000 in personal property coverage and a $2,000 deductible:

• Auto-Owners: $52 per year
• State Farm: $65 per year

A deductible is the amount you pay out of pocket before your insurance kicks in and can affect your rates. A higher deductible often leads to cheaper premiums, while a lower deductible means higher premiums.

In Greeley, Colorado, Chubb is the best renters insurance company for service quality, with an annual premium of $151. The following providers are the top two best providers in Greeley, Colorado, for a policy with $20,000 in personal property coverage, for those who value great customer service without considering affordability.

• Chubb: MoneyGeek score of 93 out of 100 ($151 per year)
• American Family: MoneyGeek score of 87 out of 100 ($172 per year)

MoneyGeek scores renters insurance providers based on customer satisfaction surveys conducted by J.D. Power, which evaluate aspects like claims handling and overall service experience.

Great customer service is essential for renters looking for insurance because it ensures a smooth and supportive experience, especially during the claims process. For instance, when you make a claim, excellent customer service can mean quick and clear communication, helping you get back on your feet faster.

For renters in Greeley, Colorado needing high personal property coverage, Auto-Owners stands out with an annual premium of $111 for a policy with $100,000 in personal property coverage. For $100K in personal property coverage, the top two best providers in Greeley are:

• Auto-Owners: MoneyGeek score of 92 out of 100 ($111 per year)
• State Farm: MoneyGeek score of 90 out of 100 ($157 per year)

High personal property coverage refers to insurance that protects a large amount of personal belongings. Renters with numerous possessions often require higher personal property coverage to safeguard their belongings.

This coverage protects items like furniture, electronics and clothing from loss or damage. However, higher coverage levels typically come at a greater cost. It's vital to find an insurance provider that offers a balance of cost-effectiveness and exemplary service.

In Greeley, USAA is the top-ranked renters insurance company for those with military backgrounds, boasting an annual premium of $89. The following providers are the top two best providers in Greeley for veterans for a policy with $20,000 in personal property coverage.

• USAA: MoneyGeek score of 100 out of 100 ($89 per year)
• Auto-Owners: MoneyGeek score of 92 out of 100 ($53 per year)

USAA offers a range of products tailored for those with a military background, providing discounts and coverages that suit the military lifestyle. It is the most affordable option in Greeley for military members.

In Greeley, the best renters insurance company for those with poor credit is Chubb, with an annual premium of $258 for a policy with $20,000 in personal property coverage. The following providers are the top two best providers in Greeley for those with poor credit for the same type of policy:

• Chubb: MoneyGeek score of 94 out of 100 ($258 per year)
• State Farm: MoneyGeek score of 93 out of 100 ($134 per year)

Rates in Greeley for those with poor credit are often higher because these individuals are viewed as higher-risk to providers. Providers associate poor credit with a greater likelihood of filing claims. To manage these higher rates, renters with poor credit can work on improving their credit scores and seek out discounts where available.

The average cost of renters insurance in Greeley is $117 annually, or $10 monthly. This is slightly higher than the Colorado average of $114 but lower than the national average of $145. These rates are based on a renters insurance policy with $20,000 personal property limits, $100,000 liability limits, and a $1,000 deductible.

Renters should remember that the average cost of renters insurance in Greeley may vary greatly depending on the amount of personal property coverage you purchase. Personal property coverage protects your belongings in case of damage or theft. Use the calculator below to see how prices change based on the value of your personal property.

Various factors can influence the cost of renters insurance in Greeley, Colorado. For instance, the location of your rental property and the amount of coverage you choose can significantly impact your premium. Understanding these factors is essential when looking for your own policy, as it helps you make informed decisions and potentially save money. Below are some key factors affecting renters insurance costs:

• Location: The area where you live can affect your premium. Properties in high-crime areas or those prone to natural disasters may have higher costs.
• Coverage Amount: The more coverage you need, the higher your premium. It's important to balance adequate coverage with affordability.
• Deductible: A higher deductible can lower your premium, but you'll pay more out-of-pocket in the event of a claim.
• Credit Score: Insurers often use credit scores to determine premiums. A higher credit score can lead to lower costs.
• Claims History: If you have a history of filing claims, insurers may charge higher premiums, considering you a higher risk.

Renters insurance primarily protects your personal belongings from damage, but it also covers personal liability and loss of use. Below are the key coverages provided by renters insurance:

• Personal Property Coverage: This protects your belongings from risks like fire, theft, and vandalism. For example, if a fire damages your apartment in Colorado, this coverage helps replace your furniture and electronics.
• Personal Liability Coverage: This covers legal expenses if someone is injured in your rental unit. For instance, if a guest slips and falls in your Colorado apartment, this coverage can help with medical bills and legal fees.
• Loss Of Use Coverage: This pays for additional living expenses if your rental becomes uninhabitable due to a covered event. If a flood forces you out of your Colorado apartment, loss of use coverage can help pay for temporary housing.

Although renters insurance provides a financial safety net, it doesn't shield against every mishap. For instance, it typically excludes flood damage and your roommate's possessions.

• Natural Disasters: Standard renters insurance often does not cover damage from earthquakes or floods.
• Roommate's Belongings: Personal property coverage does not extend to items owned by a roommate unless they are listed on the policy.
• High-Value Items: Expensive jewelry or electronics may exceed the policy's limit and require additional coverage.
• Business Equipment: Property used for business purposes might not be covered under a standard renters insurance policy.
• Pest Damage: Infestations and damage from pests like bed bugs or rodents are usually not covered.
• Car Theft: While personal property stolen from your car may be covered, the theft of the car itself is not.

The best renters insurance provider for you in Greeley ultimately depends on your needs. Below, we answer some frequently asked questions to help you make an informed decision.