How to lower renters insurance by maximizing discounts

Renters insurance is generally inexpensive no matter which insurer you purchase a policy from, but make sure to look for companies that offer renters insurance discounts. For instance, many insurers give a discount for bundling insurance policies, paying your policy in full, and more.

Bundling insurance policies

If your insurer offers a multi-policy discount, you may save on your renters policy if you also insure your automobile, boat, RV, or motorcycle with the same company. Learn more about bundling renters and auto insurance.

Paying your policy in full upfront

Some insurers will offer a discount just for paying your policy in full, instead of monthly payments.

Paperless billing

Opting out of regular mail and enrolling in paperless billing with your email address may help you save with certain insurers.

Early quoting

You may earn a discount from your insurer for quoting in advance, which means you purchase renters insurance a certain number of days before your policy’s actual effective date.

How much should renters insurance cost?

The cost of renters insurance is impacted by numerous factors including location, type of residence, coverage selections and more. Understand that the cheapest renters insurance policy may not offer you the right protection or coverage limits. It’s important to purchase a policy that properly safeguards your personal property and assets. Additionally, your renters insurance company should prioritize excellent customer service when it comes to handling claims.

Learn more about how renters insurance works and what renters insurance covers.

How to get affordable renters insurance with Progressive


Answer some questions about your property and then customize your coverages.

Call a rep

Speak with a licensed representative who can guide you through the process.

Through an agent

Connect with an independent agent near you.