How much is renters insurance per month in Florida?

According to new information released, the average cost of renters insurance in Florida sits at just about $12 per month for every $30,000 worth of property coverage and $100 worth of liability coverage. It shouldn’t surprise people that live in Florida that their renters insurance is so much higher than the national average, especially considering just how susceptible Florida is to incredibly extreme weather conditions, including hurricanes.

When you have these kinds of risk factors you’re going to be staring at a rental insurance policy that’s a little more expensive than you’d find somewhere in the Midwest, for example. At the same time, you don’t have to spend a tremendous amount of money on quality renters insurance, either. There are ways to cut your costs on renters insurance in Florida according to without having to cut corners on coverage or protection. Check out the tips and tricks we share below.

Increase your savings by increasing your deductible

Increasing your deductible (your out-of-pocket cost) from $500-$1000 can very often save you anywhere between 20% and 30% or more of your total insurance costs. Obviously, it’s a good idea to parlay at least some of that savings towards an emergency reserve you can use should you need to pay this higher deductible – but the money you’ll save on monthly premiums almost always makes up for it.

Install safety and security features

As a renter, you have an opportunity to install fire extinguishers, extra smoke detectors, and other safety and security features (including deadbolts, etc.) that allow you to increase the safety nest of your apartment without having to spend a mountain of money. These investments will always help you to save money on your rental insurance as well, giving you a chance to protect your home and your property while protecting your bank account at the same time.

Prepay as much of your policy as possible

Prepayment of insurance is always going to help you save a considerable amount of money, and prepaying a decent chunk of your renters insurance in Florida from can save you anywhere between a full month or even two months of premiums you would have had to pay otherwise. Those that can prepay six months of insurance will usually see a hefty discount but those that prepay in the entire year for the renters insurance will see the biggest discounts to be sure.