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Can I transfer renters insurance?
I’m moving to a new apartment and want to transfer my renters insurance. Even though my landlord doesn’t require it, I think it’s still a good idea to have. How can I transfer renters insurance?
Emily Maracle · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Keeping renters insurance at your new place is a good idea! If you want to transfer your renters insurance to your new apartment, you’ll need to change the address on your policy.
That said, while you can transfer your renters insurance to different addresses, you can’t transfer your renters insurance to another person. If someone moves into your apartment after you and wants to keep your renters insurance policy, they’d have to apply for a policy themselves.
To update your address on your current
renters insurance
policy, you can call your insurance company. In some instances, you may also be able to update your address online through your provider’s website or mobile app. When transferring your renters insurance to a new address, your rate may change. Like
car insurance
, your location and address is a factor in determining your rate. Depending on where your new apartment is, your rate may change. Your insurance provider will let you know about any changes once you change your address.
Since you’re moving, it never hurts to shop around for renters insurance. Even if your rate doesn’t change with your new address, you may be eligible for lower rates with another company.
If you’d rather leave the hard work of gathering quotes to someone else, use
Jerry
. The Jerry app collects quotes from top insurance companies, like Safeco and Progressive, in seconds. They even help cancel your old policy once you’ve made your pick.View full answer
- Gregory R.
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Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
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