Best Renters Insurance for College Students

Are you a student who just gained admission into an institution and has found a new apartment to stay in? Are you feeling unsure about the apartment and would like to guarantee its safety irrespective of the situation? If this is the case, then renters insurance for college students might be the next thing you need to buy.

In this post, you’ll learn about the best renters insurance for college students. You’ll find out about the features of these companies and how they can benefit you. Hence, ensure you stick to this post to the end so you won’t miss any information.

Below are the best renters insurance companies for college students:

Lemonade

Lemonade offers renters insurance to safeguard your valuables from damage, theft, and loss. It also covers liability insurance in case someone injures on your premises. 

If one of the insured occurrences damages any part of your home, it will cover the expenses. Also, it’ll pay for you to reside somewhere else temporarily. 

However, it doesn’t insure your dog for flood damage or liability from a dog bite if on the at-risk list. If you take your goods with you when you leave the house, Lemonade will also cover them. You can easily file a claim using the Lemonade app.

State Farm

State Farm offers a habitation policy.  This includes home protection, personal property coverage, liability coverage, and loss of rental coverage, among other things. However, they won’t pay for damages that water, animals, or shifting earth causes. 

On average, their rental insurance policy lasts two years. A State Farm policy covering $35,000 in coverage will set you back $15 per month.

Furthermore, because college students must weigh coverage against cost, selecting the ideal policy can take some time. Hence, the best thing to determine what type of coverage you require. Also, you need to come up with how much you are willing to spend on it. 

You can shop around for the best price by going from one insurance provider to another.

Young Alfred

Young Alfred is a comparative platform and insurance broker, not an insurance company. You begin by answering a few easy questions. 

Afterward, Young Alfred compares your risk profile to a billion data points. Finally, it gives you customized online estimates from numerous top-rated renters insurance carriers.

Indeed, there are dozens, if not hundreds, of insurance comparison websites on the internet. However, while this is not a new industry, Young Alfred stands out significantly among the rest.

Amica Mutual

Amica Mutual has one of the most economical renters insurance policies available and a variety of discounts. It has the fewest complaints of any insurance on our list. Again, their workers process claims live 24 hours a day, seven days a week.

Apart from these features, Amica’s ordinary renter’s insurance is essential. Personal property, liabilities, and loss of use are all under control in the Basic coverage. Furthermore, it features add-ons like extended protection for smart devices and laptops, identity fraud coverage, and personal property replacement-cost coverage. 

You can add these options to the insurance.

Again, Amica’s renters insurance includes Renters Essentials, a plan they designed specifically for first-time renters. This plan covers identity theft, liabilities, and your furniture, TV, computer, smartphone, jewelry, and clothes, among other things. Renters Essentials allows you to earn credits worth up to $100 per year for five years.

Erie Insurance

Erie Insurance provides basic renters insurance and a variety of cost-cutting options. These options include bundled plans, multiple policies, safety equipment, enhanced quotes, and age-based discounts.

The theErieSecure Tenant insurance covers personal property and liability for slander, discrimination, and cyberbullying. This feature is on top of the standard medical and living expense insurance.

Other options are sewer and drain backup coverage, home-sharing coverage for customers who rent out their flats, and earthquake coverage. Erie also offers flood insurance as an extra for those interested. 

You can get a renters insurance quote on ERIE’s website. However, you’ll have to buy a policy from a local insurance agent.

Country Financial

Country Financial is an attractive option if you live in one of the company’s 19 states. The NAIC reports that it receives far fewer consumer complaints than one would expect from a corporation of its size.

Interestingly, if someone sues you, it gives up to $1 million in liability insurance. Additionally, it offers up to $25,000 in medical compensation to those injured on your premises.

You can also add extra coverage if you have valuable items such as engagement jewelry or musical instruments. 

Combining your renters policy with another Country Financial insurance (such as auto) will help you save money. Also, if you don’t file a claim for at least five years, it can help you save extra. Keep in mind that the condition is five years for both scenarios.

The Hartford

Hartford’s partnership with AARP benefits older renters. Hence, if you’re not an AARP member, you can still buy insurance through Hartford’s network of independent agents.

It offers a variety of optional coverage options, including the ProtectorPLUS Zero Deductible Benefit, which is available at zero charges. This benefit waives up to $5,000 of your deductible if you have a qualifying claim of $27,500 above. Personal goods replacement cost coverage, extra coverage for valuables, and identity fraud coverage are all options.

Finally, Hartford has many more consumer complaints than is expected for a company of its size, according to the NAIC.

The Hanover

Hanover provides three distinct types of renters insurance. The most basic plan just covers the essentials. Such include your belongings, liability if you injure others, and expenses if you have to relocate during repair.

If you choose the Select option, you’ll get extra coverage for items. These items include food lost due to a power outage and identity theft-related expenditures. This plan also covers the expense of replacing your belongings.

Select Plus is Hanover’s top-tier product, which contains all coverage. It ranges from the other two packages to additional coverage for valuables such as jewelry and firearms. You won’t have to pay a deductible if a calamity destroys at least 50% of your belongings with this package.