PriceProtect™
DriveShield™
GarageGuard™
Services
Insurance
Car Insurance
Compare Car Insurance with Jerry
Jerry’s Expert Advice
Car Insurance Estimates
Home & Renters Insurance
Renters Insurance
Repairs
Car Repair Estimates
Repair Estimates for Popular Services
Advice
Read Car Content
Browse Jerry Car Advice
Check Out Expert Car QnA
Learn About How We Create Content
Jerry Data & Research
How much is a renters insurance deductible?
I’m moving into my first apartment next month. I have to get renters insurance, but I don’t really know what I need. How much is a renters insurance deductible usually?
Claire Beaney · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
It’s great to be thinking ahead for your move!
Renters insurance
deductibles can vary anywhere from $0 to $2,500, but $500 or $1,000 is the most common. When you file a claim, your deductible is the amount you will have to pay out of pocket. In the case of renters insurance, the deductible will often only apply to personal property loss or theft.
As a general rule, raising your deductible means a lower premium, while a lower deductible usually means a higher premium. That said, only choose a deductible you can easily afford. You don’t want to miss out on filing a claim on a covered loss because you can’t afford your deductible.
Moving to a new place can be stressful—and expensive! If you’re looking to save money when it comes to your renters insurance, the
Jerry
app is a good place to start.A licensed broker, Jerry does all the hard work of finding cheap quotes from the top name-brand insurance companies. And Jerry will send you new quotes every time your policy comes up for renewal, so you’re always getting the coverage you want at the best price.
View full answer
- Gregory R.
WHY YOU CAN TRUST JERRY
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.
Join 4M+ members in lowering their car insurance
You Might Also Be Interested
Read Advice From Car Experts At Jerry
What Others Are Asking
Browse More Content
Insurance in Your State
Easiest way to compare and buy car insurance
No long forms
No spam or unwanted phone calls
Quotes from top insurance companies