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The average cost of renters insurance in Hattiesburg, MS is $379 per year (for insurance coverage of $40,000 in personal property coverage, $100,000 in liability coverage, and $1000 as deductible) — that’s $15 less than the state average of $394 a year.
It can be higher or lower depending on the coverage options you choose and the amount of liability the policy provides. If you live in a rented apartment or home, you should consider buying renters insurance because it protects your personal belongings from damage caused due to covered peril such as fire or smoke damage, theft, vandalism, and other mishaps.
We did a thorough analysis of renters insurance companies to find the most affordable options for Hattiesburg renters. Keep reading to find out the cheapest renters insurance companies in Hattiesburg.
What is the average cost of renters insurance per month in Hattiesburg?
On average, the cost of renters insurance in Hattiesburg is $32 a month. Renters in Hattiesburg pay these rates for the coverage limit of $40,000 personal property coverage, $1,000 deductible and $100,000 liability protection coverage.
The renters insurance rates vary by city depending on your insurance provider and the coverage limits you decide. For example, renters in Hattiesburg pay $22 per month for personal property coverage of $20,000 and $1,000 deductible. However, if you decide to increase the personal property coverage limit to $40,000, you will pay $10 more than for renters insurance.
Now, you’ll have to decide how much coverage you need and how much you can afford. However, it is recommended, if your personal belongings consist of expensive jewelry, furniture, and electronics, you should choose higher coverage limits.
How much is average renters insurance in Hattiesburg by deductible?
The renters insurance cost in Hattiesburg is $285 per year for a $500 deductible and $20,000 as personal property coverage. A deductible is an amount you agree to pay before your insurance company kicks in. If you increase your deductible limit, your insurance cost will go down. For instance, if the personal property coverage is the same, i.e., $20,000, but you increase your deductible limit from $500 to $1,000, you will pay $27 less every year for insurance.
Below are the renters insurance rates for different personal property coverage and deductible amount.
Deductible
$20,000 personal property
$40,000 personal property
$60,000 personal property
$500
$285
$413
$555
$1,000
$258
$379
$498
Note: These rates are specifically for the coverage of $100,000 liability protection.
Read our guide to know what does renters insurance cover.
Who offers cheap renters insurance in Hattiesburg?
Your search for the cheapest renters insurance company ends here.
USAA offers the cheapest renters insurance in Hattiesburg at about $141 a year or $12 per month. According to Insure.com data analysis, Nationwide ranks second on our list followed by Farmers.
Our experts at Insure.com evaluated renters insurance quotes from all the big and small insurance companies in Hattiesburg and put together a list of the most affordable insurance carriers. Below are the average annual and monthly rates of the cheap renters insurance companies across Hattiesburg, MS.
(Note: USAA offers insurance only to members of the military, veterans and their immediate families.)
Renters insurance provider
Average annual rate
Average monthly rate
USAA
$141
$12
Nationwide
$296
$25
Farmers
$343
$29
Southern Farm Bureau
$373
$31
State Farm
$413
$34
Travelers
$730
$61
Allstate
$745
$62
Methodology
Insure.com, with the help of Quadrant Information Services, gathered data for renters insurance rates in Hattiesburg, MS, for $40,000 personal property coverage, $100,000 liability coverage, and a $1000 deductible.
How much is renters insurance in other cities
Biloxi
Gulfport
Jackson
Southaven
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Renters insurance in Mississippi can cost as little as $26 a month (or $317 per year) for around $35,0001 in coverage, more than the national average, according to 2021 data (the most recent available) from the National Association of Insurance Commissioners (NAIC).
Renters insurance is relatively inexpensive. According to NerdWallet, the average renters policy costs about $15 per month for up to $30,000 in personal property coverage. That's solid coverage for less than the cost of a few cups of coffee a week.
If you move to an area with a higher crime rate or a history of natural disasters, you could see a rise in your renters insurance rates. On the other hand, moving to an area with a lower crime rate or closer to a fire station can actually save you money on renters insurance. Your apartment complex and unit also matter.
The average monthly cost of landlord insurance in Mississippi is $164 or about $1,973 per year. However, bear in mind that the final price will vary for all landlords depending on where you reside, your building, liability coverage options, your credit history, deductible, and other plan options.
Renters insurance coverage is almost always worth it. It is much more affordable than other policies, including home or auto insurance, and provides valuable financial protection. Even if you can save enough money to cover unexpected loss, renters insurance may be worthwhile.
How Much Does Renters Insurance Cost? Renters insurance costs an average of $157 a year for a policy with $15,000 of personal property coverage. The average cost of renters insurance for a policy with $30,000 is $199 annually, and a $50,000 policy costs an average of $260 a year.
You'll choose your deductible when you buy a renters insurance policy. A higher deductible means your claims will cost you less money out of pocket. Typically, renters insurance deductibles are $500 or $1,000, but companies often provide a range of options.
Renters insurance typically covers fire, windstorms, lightning, explosions, theft, and vandalism. Your personal property, personal liability, additional living expenses, and guest medical expenses are usually covered under your renters insurance.
It's an excellent idea to re-shop your policy every year to ensure you're not missing out on better deals with a different company. Renters insurance is pretty easy to switch, so it's worth your time to be sure you're getting the best deal possible.
The cost of renters insurance depends on several factors like your location, policy deductible, total amount of coverage, and insurance carrier. Renters insurance not only pays for damage to or loss of your personal property, but it also includes personal liability, medical payments, and loss of use coverage.
In most cases, yes, your insurance premiums will increase after filing a renters claim. As it recalculates your premiums in the wake of a claim, your insurance company will generally consider the type, amount and frequency of claims. The more often you file claims, the riskier you are to insure.
The average annual cost of home insurance in Mississippi is $3,475. That's 81% more than the national average of $1,915. In most U.S. states, including Mississippi, many insurers use your credit-based insurance score to help set rates. Your insurance score is similar but not identical to your traditional credit score.
The average cost of renters insurance in Massachusetts is $266 per year or about $22 per month, according to data from Quadrant Information Services. However, your cost will depend on several factors, including your location, the value of your possessions and other personal details.
Renters insurance provides protection for your personal property and liability, and it's often affordable — the average cost of renters insurance in Missouri is about $10 to $30 per month. However, to be sure that you're getting the best possible coverage, it's important to know and compare multiple options.
The average monthly insurance cost of a USAA renters policy is $14.33, or $172 a year. That's lower than the national average costs of $180 a year and $15 per month. According to USAA, some members can get renters insurance coverage for as little as $10 per month.
Introduction: My name is Lidia Grady, I am a thankful, fine, glamorous, lucky, lively, pleasant, shiny person who loves writing and wants to share my knowledge and understanding with you.
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