If you compare different renters insurance policies, you’ll notice that most providers offer policies with similar coverage but different rates. This makes the policy’s premium a prime factor to consider before making a purchase.
On average, the providers that have the best cheap renters insurance in Indianapolis are:
- USAA: $86 (only available to present and former members of the military)
- State Farm: $122
USAA offers a policy that reimburses items lost or damaged in a covered event at replacement cost. It also covers damage from floods and earthquakes, making it more value for money for renters who are eligible to purchase it.
All standard renters insurance in Indianapolis includes $20,000 in personal property coverage limits, $100,000 liability coverage limits and a deductible of $500. The amount of personal property you want to be covered affects the premium of the policy. You can use the table below to adjust the coverage limit of your personal property. It will show you how the price of your policy changes.
Renters who live outside of Indianapolis but still within the state can compare renters insurance in Indiana as a whole.