If you’re one of the nearly 1.2 million people who rent homes in Dallas, you might need to get renters insurance.
Dallas is known for its Cowboys, Mavericks, and barbecue. If you’re one of the nearly 1.2 million people who rent homes in Dallas, you might need to get renters insurance.
Renters insurance protects your personal property from damage or loss, including from theft, vandalism, and arson. Dallas residents take a lot of pride in all their city has to offer, but an inexpensive renters insurance policy can also give you peace of mind.
|INSURANCE COMPANY||MONTHLY COST - $500 DEDUCTIBLE||MONTHLY COST - $1,000 DEDUCIBLE|
Methodology: We pulled renters insurance quotes online from five of the most popular insurance companies: State Farm, Lemonade, Allstate, Travelers and Stillwater. Quotes were for policies with $500 and $1,000 deductibles for a 30-year-old male apartment renter. We deferred to the most comparable coverage amounts when identical policies were unavailable.
|Medical payments to others||1,000||1,000||1,000||2,000||1,000|
Renters insurance coverage is more than just protecting your personal property. Here’s a rundown of the basic components of a policy when you're comparing renters insurance rates.
We’ve got a full explainer of what renters insurance covers here.
Renters insurance is not required by law in Dallas. However, your landlord can require you to take out a renters insurance policy as a condition of your lease.
Luckily, you can get renters insurance for less than $15 per month. The average cost of renters insurance is about $19 per month for a policy with a $500 deductible and a little more than $17 per month for policy with a $1,000 deductible.
Renters insurance provides valuable peace of mind by protecting your personal belongings inside and outside your home. In 2016, Dallasites experienced 26,370 thefts and 10,948 burglaries, according to the Dallas Police Department.1
Disclaimer: Policygenius’ editorial content is not written by an insurance agent. It’s intended for informational purposes and should not be considered legal or financial advice. Consult a professional to learn what financial products are right for you.