Best Renter's Insurance Companies in Bloomington

FAQs

• Do tenants in Bloomington pay more for insurance than the average Hoosier?

  No, Bloomington residents actually pay less. Policies in Bloomington cost approximately $192. This is 6% less than the average price and among the cheapest in Indiana. Renters’ insurance is even cheaper in Carmel, Fort Wayne, Greenwood, Lafayette, Kokomo, and Noblesville, where premiums cost 7% less than the state average. On the other hand, policies are most expensive in Gary and Hammond, averaging $260 and $236, respectively.

• Can renters’ insurance in Bloomington protect high-value assets like jewelry?

  Yes, but at an extra cost. Renters’ insurance in Bloomington already covers a person’s loss of personal belongings in case a theft or fire happens. However, the loss of valuable assets is usually not covered. It is best to ask insurers whether they offer additional protection for possessions like jewelry, fine art, and antiques.

• Can you depend on renters’ insurance if your dog bites your friend during a visit to your Bloomington apartment?

  Yes, you can rely on renters’ insurance. Its coverage includes dog bites and other injuries incurred by visitors in your rented home. In fact, a prominent insurance company paid $7.4 million in claims involving dog bites. You can check your policy’s liability limits with your Bloomington insurer. Even with insurance, it helps to put safety measures in place, both for your dog’s and your visitors' sakes.

• Can college students get renters’ insurance for their dorms in Bloomington?

  Yes, Bloomington students can take out a policy for their college or university dorms. Some insurance carriers specifically cater to the needs of student tenants, offering coverage for bicycles, clothes, textbooks, mobile phones, and gaming consoles. Students can also get a policy without credit checks and high deductibles.

• How can you budget for renters’ insurance in Bloomington?

  Costing around $192 per year, renters’ insurance in Bloomington is already relatively inexpensive. A quick tip to fit it into your budget is to set aside a few dollars per month. If you happen to get an even lower insurance quote at $180, you can allocate an extra $15 toward your monthly budget to make sure your policy gets paid.