How much is renters insurance in Texas?

The price for renting insurance in Texas is different and it depends on the kind of coverage you want, how much of this coverage you need, and the deductibles that you go for. 

Usually, renters insurance in Texas costs $173 per year which is higher than the average national cost that stands at $148. If one explores all available options carefully they might be able to find a better deal with lesser prices. 

Insurance companies frequently consider your credit-based insurance rate while deciding rates. This score is similar to your credit rating, but it is different. According to NerdWallet, individuals with poor credit pay an average of $297 annually for renters’ insurance in Texas, which is almost 72% higher than the rate for those with good credit.

In Texas, insurance for tenants provides safeguarding of your personal belongings in case of difficulties such as fire, thievery, vandalism, and several natural calamities. It also provisions monetary support if a person who visits you is injured on your property and decides to file legal action against you. Renters insurance in Texas usually has three kinds of protection: 

1. Personal property coverage: This covers your things, even if someone steals them from your car or while you are traveling. 
2. Additional living expenses: This helps to pay for extra costs like food and temporary places to stay if you have to move out because of damage. These parts help renters feel more secure about their belongings and daily life disruptions. 
3. Personal liability: This gives you protection if a person gets hurt in your house and helps pay for legal expenses if someone takes you to court.