Michigan Renters Save Big with Low-Cost Insurance Facts
Factors Affecting Renters Insurance Costs
Several factors can influence the cost of your renters insurance premium. These include the location of your rental, the coverage amount you choose, your deductible, and any additional riders you add to your policy. For example, living in an area with a high crime rate may increase your premium. Conversely, installing safety features like smoke detectors or security systems can reduce your costs3.