Renters Insurance Price
What is the cost of Home Owner’s Insurance?
I’m going to be buying a home and would like to know if anyone knows what the approximate cost would be for HO Insurance? I already have Renter’s Insurance, and would like to know if the price difference is dramatic or not.
The home is 1902squ. feet, 4 bedroom, built in 2006,I am purchasing the home for just under $100,000, it is worth a lot more than that, as its a foreclosure.
Homeowners insurance is usually much higher than your Renters policy.
Homeowners prices vary by credit, location, what kind of deductible you want, whether you have any claims, if you have an auto with the same company (you can get a multi-line discount) and what the replacement cost of the home is.
Just like previously mentioned, the insurance is based off what is cost to rebuild your home, not how much you paid for it. Insurance companies have a tool that they can use to find out an estimate of your home replacement value. They will ask you questions such as square footage, year built, how many beds/baths, how many stories, unfinished or finished basement, ect…
I work for an insurance agency in IL, so as an estimate for my area.
The average i see for homeowners policies are between 450-800 a year, for homes under 250,000. The average renters policy in our area is between 100-200 a year. Of course this does not really help you if you are not in my area.
I would suggest getting a quote through the company that you have your renters policy through. Since you have a policy currently they maybe able to transfer that policy’s money to the home. Also they can transfer the amount of time that you’ve been with them to the home, so that if you have a claim it shows you’ve been with them longer! 
Good luck!
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How to Get Cheap Renters Insurance in Tennessee
Whether you rent an apartment, home, or condo, you need to Buy Renters Insurance to protect yourself and your belongings. Fortunately, renters insurance in Tennessee is relatively cheap – and you can make it even cheaper with some careful shopping.
Keep Your Price Down
Renters insurance is typically only a couple hundred dollars a year, and yet 75% of Tennessee renters don’t have renters insurance. Many renters think they are already covered under their landlord’s policy or that they don’t own enough to warrant buying insurance.
The truth is, a landlord’s policy doesn’t cover your personal possessions. And if you take an inventory, you’ll discover you have more possessions than you realized.
To help you save even more on your Tennessee renters insurance, follow these tips:
* Set your deductible as high as you can afford. A high deductible means you’ll pay more if you ever have to make a claim, but your monthly premium will be significantly lower.
* Ask about discounts. Your insurance company may give you a discount if you insure both your car and home with them. They may also offer discounts if you’re a senior citizen or a non-smoker, and if your home has safety features such as security systems, smoke alarms, and deadbolt locks.
Shop Around for the Cheapest Rate
When you shop for renters insurance, be sure to get quotes from several insurance companies. The easiest way to do this is to go to an online insurance comparison website.
At the insurance comparison website, you’ll complete a form with information about yourself and your insurance needs, as well as information about the place you’re renting. Then you’ll receive quotes from multiple insurance companies and can choose the company with the best rate.
If you have any questions, the best insurance comparison websites offer an online chat feature so you can get fast, accurate answers from insurance professionals (see link below).
Visit http://www.LowerRateQuotes.com/renters-insurance.html or click on the following link to get Tennessee Renters Insurance Quotes from top-rated companies and see how much you can save. You can also get more insurance tips there.