What you should know:
- Your landlord's insurance policy will only cover the structural repairs, whereas, the renters insurance will cover damage to your personal belongings
- Allstate and Travelers offers discounts when you bundle your renters insurance with an auto policy
- Hurricane property damage coverage is available but may need a separate deductible
Moving to a new place can be both exciting and extremely stressful. If you're moving to Jacksonville, finding the best renters insurance in Jacksonville, FL may be low on your immediate to-do list.
Since Florida is known for its severe weather and dense population, renters insurance can help protect your belongings in the case of water damage, windstorms, theft, and more.
Ready to find the best insurance company for you? When you start your search, it can be difficult to find quality coverage options at an affordable price. That’s why we’ve put together this quick guide to help you get started.
Before you read on, compare renters insurance quotes in Jacksonville, FL right now. Enter your ZIP code for free renters insurance rates from top companies in Jacksonville.
Finding Renters Insurance in Jacksonville, FL
Contrary to popular belief, your landlord’s home insurance policy only covers building repairs. So, if an accident were to happen and damage your personal belongings, you’d have to cover the expenses out of pocket.
So, what is the difference between homeowners insurance vs. renters insurance? Put simply, homeowners insurance covers any damage to the building’s structure itself, while renters insurance covers any damage to the renters’ personal belongings.
To help you find the best renters insurance company in Jacksonville, Florida, we did some research. Read on to see which companies top the list.
#1 – Allstate
You’ve probably heard Allstate’s well-known slogan, “You’re in good hands.” Have you wondered whether it’s true?
In the J.D. Power 2020 U.S. Home Insurance Study, Allstate scored 841/1000 in the Overall Customer Satisfaction Index Ranking for renters insurance. So, it stands to reason that the slogan is pretty accurate.
Not to mention, Allstate offers a considerable amount of discounts. In fact, when you bundle your renters insurance with an auto policy, your renters insurance rates could be as low as $4 a month.
Allstate’s renters insurance also has additional coverage options, such as:
- Flood insurance
- Identity theft restoration
- Personal umbrella policy
- Scheduled personal property coverage
For Florida residents, you’ll most likely have a separate deductible when it comes to hurricanes and may need to contact an Allstate insurance agent if you want a quote.
#2 – GEICO
A GEICO renters policy is the best option for someone who may already use GEICO for auto insurance. You’ll save a ton of money through their multi-policy bundling discount.
While Allstate offers more discounts, GEICO allows you to manage your policy, file claims, and speak to an agent all from your smartphone.
It also offers renters insurance as low as $12 per month. Comparatively, the average Florida renters insurance is roughly $15 per month (at an annual cost of $185). Since Florida’s insurance tends to be higher, this could be the most affordable renters insurance option for new residents.
#3 – State Farm
What sets State Farm apart from other insurance companies is that it has beneficial coverages for businesses. So, if you’re one of the 2.5 million small businesses in Florida, or you’re a remote worker, then this insurance company will be beneficial for you.
State Farm offers business-related coverage options such as:
- Additional business property – This Business Owners Policy will cover you in case of equipment breakdown or loss of income. It bundles general liability with property insurance.
- Incidental business liability – This policy covers you in case a client files a lawsuit against your business. It can be most beneficial for accountants, dentists, and other similar businesses.
Another bonus for Jacksonville residents, in particular, is that a hurricane property damage policy will be included in your deductible instead of as an add-on or separate purchase. Plus, you could save up to 17% when you take advantage of discounts.
#4 – USAA
Home to the Naval Air Station and thousands of active duty citizens, Jacksonville has a strong military presence. Since one out of every four Jacksonville residents has a connection to the military, USAA insurance may be the perfect provider for your renters policy.
To be a USAA member, you need to be:
- A veteran
- Currently serving in the military
- Closely related to someone who is one of the above
With this membership, you can enjoy free flood insurance coverage, renters insurance quotes for as low as 33 cents a day, protection even when you’re deployed, and more.
#5 – Travelers
Travelers insurance average renters policy is roughly $191 per year, which is more than any of the other options. While this provider is a bit more pricey, it does offer several discounts that can help offset the price, such as:
- Multi-policy discount – Save up to 5% if you bundle auto insurance and renters insurance
- Loss-free discount – For when you haven’t filed a claim during a specific time
- Protective device discount – For if you install tech, such as a home security system
It also offers coverage for collectible and valuable items, such as fine artwork and jewelry collections.
Find the Best Renters Insurance in Jacksonville, FL Today
While you may feel as if you don’t have a need for renters insurance, consider everything you own, including your furniture, clothing, and electronics. When combined, the cost of your personal property quickly adds up.
But getting the quality coverage and protection you deserve shouldn’t have to cost you an arm and a leg. In fact, you can make sure you find the best rate possible by using our free quote comparison tool. Simply enter in your Jacksonville zip code, and you’ll have immediate access to all the renters information you need.
When you shop around for the best renters insurance in Jacksonville, FL, you’ll have a better chance of finding a provider that checks off all your boxes.
Get free Jacksonville, FL renters insurance rate right now. Just enter your ZIP code to compare renters insurance quotes from top companies now.