Average renters insurance cost in Washington D.C.

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Renters insurance costs in Washington D.C. varies depending on various factors, including the coverage amount, insurance company, and individual circumstances. But, the average renters insurance cost in Washington D.C. is $236 per year or $20 per month for coverage limits of $40,000 for personal property coverage, $100,000 in liability coverage and a $1000 deductible. These are average rates and actual premium costs may differ.

Renters insurance companies in Washington D.C.

USAA offers affordable renters insurance in Washington D.C. at an average annual rate of $122 followed by State Farm and Allstate, based on Insure.com’s analysis.

But it’s smart to get multiple quotes for various renters insurance companies in Washington D.C. because the prices vary a lot among carriers.

Below we have compared the average annual and monthly renters insurance rates of insurance companies across Washington D.C..

Renters insurance calculator in Washington, D.C.

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Washington, D.C.

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Personal property coverage

Covers your personal belongings, such as your furniture, electronics, clothing, artwork, etc. Choose the amount you believe would cover all of your belongings.

$40,000

$20,000 $40,000 $60,000

Liability

Covers the medical expenses of people who are hurt while in your home or on your property, as well as damage you caused to others’ property. Also covers legal fees if you are sued by someone hurt in your home or on your property. Limits of $300,000 or $500,000 are recommended.

$100,000

$100,000 $300,000

Deductible

Choose the amount you want to pay out-of-pocket before insurance kicks in. This applies to your dwelling and personal belongings claims.

$1,000

$500 $1,000

Calculate

Average cost of renters insurance in Washington D.C. by coverage level

As we discussed above, in Washington D.C., the average cost of renters insurance is $236 per year. These rates are for the coverage level of $40,000 for personal property coverage, $100,000 in liability coverage and a $1000 deductible.

However, if you lower the personal property coverage from $40,000 to $20,000, you will pay $183 per year for renters insurance in Washington D.C. for $100,000 in liability protection and $1000 deductible.

Find below the average cost of renters insurance in Washington D.C. for personal property coverage of $20,000 and $40,000.

Renters and auto bundle discounts in Washington D.C.

If you’re looking for ways to trim costs on your insurance premiums, consider purchasing renters and auto insurance from the same company.

Bundling policies can help you save an average of 16% per year in Washington D.C.. Allstate offers the cheapest rate on renters and auto insurance bundle, you can save 24% a year on your premiums.

Final thoughts: Average renters insurance in Washington D.C.

Renters insurance is a must-have for renters in Washington D.C.. It protects your belongings in the event of damage from fire, theft, vandalism or any other natural disasters.

To find the best renters insurance at an affordable rate, shop around and compare quotes from multiple insurance companies. Consider factors like coverage options, deductibles, and customer reviews in addition to price.

Methodology

Insure.com commissioned Quadrant Information Services to gather renters insurance rates for all available ZIP codes in Washington D.C.. These rates include a coverage limit of $100,000 for liability coverage, personal property coverage ranging from $20,000 to $40,000, and a $1,000 deductible, with credit tier alignment specified as good/none.

Shivani Gite

Contributing Writer

 

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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.

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