Average renters insurance cost in Davenport, IA

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Renters insurance in Davenport, costs $186 per year for $40,000 in personal property, $300,000 in liability and a $1,000 deductible, which is $2 less than the state average of $188 annually.

Your renters insurance premium could be higher or lower depending on the coverage and liability limits you select. Purchasing renters insurance is a good idea, as it helps protect your personal property from damage or loss due to events like fire, smoke, theft and vandalism.

Want to know who has the most affordable rates? Here are the most affordable renters insurance companies in Davenport.

Key Takeaways

The average cost of renters insurance in Davenport is $186 annually or $16 monthly.
The cheapest option for renters in Davenport is West Bend Insurance Company, offering coverage at $11 per month.
Renters can reduce their insurance costs by taking advantage of discounts, such as installing a security system or bundling policies.

What is the average cost of renters insurance per month in Davenport?

The average monthly cost of renters insurance in Davenport is $16, which is equals to the state average of $16. This rate is for a coverage limit of $40,000 in personal property, $300,000 in liability protection and a $1,000 deductible.

Renters insurance rates vary by city depending on the coverage and the insurance company you choose. For example, renters in Davenport pay $11 monthly for $20,000 in personal property coverage with a $1,000 deductible. If you increase your personal property coverage to $40,000, the cost will rise by $5.

Higher coverage limits are recommended if you own valuable items like jewelry, furniture, and electronics.

How much is renters insurance in Davenport by deductible?

Renters insurance in Davenport costs $143 per year for a $500 deductible and $20,000 in personal property coverage.

Your deductible is the amount you agree to pay before your insurance coverage kicks in. If you increase your deductible limit, your insurance cost will go down. For instance, if the personal property coverage is the same (e.g., $20,000) but you increase your deductible limit from $500 to $1,000, you will pay $12 less every year for insurance.

Below are the renters insurance rates for different personal property coverage and deductible amounts.

Deductible	$20,000 personal property	$40,000 personal property	$60,000 personal property
$500	$143	$204	$262
$1,000	$131	$186	$239

Note: The liability protection coverage is $100,000.

Who offers cheap renters insurance in Davenport?

Your search for the cheapest renters insurance company ends here.

West Bend Insurance Company offers the cheapest renters insurance in Davenport at $129 a year or $11 per month. According to our data, Nationwide ranks second on our list followed by Auto-Owners.

Below are the average annual and monthly rates of the cheap renters insurance companies in Davenport.

Renter insurance provider	Average annual rate	Average per month rate
West Bend Insurance Company	$129	$11
Nationwide	$132	$11
Auto-Owners	$137	$11
State Farm	$146	$12
Iowa Farm Bureau	$148	$12
IMT Insurance	$211	$18
Allstate	$227	$19
Farmers	$230	$19
American Family	$273	$23

Tips for reducing the cost of renters insurance

Here are some tips to help reduce renters insurance costs in Davenport:

Bundle insurance policies. If you have other insurance policies, such as car insurance, consider bundling them with the same insurer. Many insurers offer discounts for bundling in Davenport.

Increase deductible. Opting for a higher deductible can lower your premium in Davenport, but make sure you’re comfortable with the amount you’d pay out-of-pocket in case of a claim.

Choose the right coverage. Review your policy regularly to ensure you don’t have extra coverage. For example, you might not need as much coverage for personal property if you don’t own many valuables.

Avoid small claims. Filing too many small claims can increase your rates over time. Consider paying for minor damages out-of-pocket instead of claiming them through insurance.

Shop around. Don’t settle for the first quote you receive. Compare renters insurance quotes in Davenport from multiple providers to find the best price for the coverage you need.

Renters insurance in Davenport, offers valuable protection for renters at an affordable price. While premiums can vary depending on location, coverage amount and individual circumstances, the peace of mind it provides is worth the investment. By understanding your coverage needs, comparing quotes and taking advantage of discounts, you can find an affordable policy that suits your budget.

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for renters insurance rates in Davenport in 2023 for $40,000 personal property coverage, $300,000 liability coverage, and a $1,000 deductible. The data presented are those with a good credit tier alignment.

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Shivani Gite

Contributing Writer

Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions.