Student Insurance Profiles
Marie has auto insurance with Geico. Geico offers a student discount for students with good grades. They also offer a discount if you add on renters insurance. For a whole year, her renters insurance came out to less than $100.
Under his parents homeowners insurance, Tom is able to protect his personal property in his dorm room. This only adds on about $4-$10 to his parent’s homeowners insurance bill.
You can simply get Personal Property or Renter’s Insurance even if you don’t own a car or home. Terri pays only $120 a year for her dorm room belongings to be insured. It is affordable for any college student.
Too often, people think they don't have enough property to make a renter’s insurance policy worthwhile. But take a minute to think about what you own, and what you've got to lose, including:
- A television or entertainment system
- A computer
- An iPod
- Musical or sporting equipment
Pipes burst, a spark ignites a blaze, and thieves find the unlocked door. Sometimes stuff just happens. That’s why you need to take a hard look at what can possibly happen. What if your possessions are ruined or stolen? Replacing laptops and your other possessions can drain your savings in a hurry. And what about the expenses if you’re forced to live somewhere else for a while? Hotel costs, restaurants for every meal, even replacing all the little things like toothpaste and socks. Even if you’re only “on the road” for a couple weeks, you can still end up shelling out thousands of dollars. Can you really afford that out of pocket? For most of us, the answer’s no. Add Renter's Insurance for about $4 more a month when combined with standard auto policy with some insurance companies.Before you shop for renters insurance, take an inventory of what you own to decide what level of coverage makes you comfortable. Then, get a renters insurance quote and choose the policy that's right for you.
Multiple Line Discounts
When you purchase your renters and auto insurance or homeowners insurance from certain agencies you could be eligible for premium discounts on both policies.
With the Auto and Renters discount, typically you can cover your auto and get renters coverage for only a few dollars more per month.