How much is renters insurance in Ashburn, VA

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In Ashburn, renters insurance costs an average of $209 per year for $40,000 in personal property coverage, $300,000 in liability coverage, and a $1,000 deductible, which is $26 less than the statewide average of $235.

It can be higher or lower depending on the coverage limit you choose and the amount of liability the policy provides. If you rent, you should consider buying renters insurance because it protects your personal belongings from damage caused by covered perils such as fire or smoke damage, theft, vandalism and other mishaps.

Looking for affordable renters insurance in Ashburn? We’ve compared the top companies to help you find the cheapest options.

Key Takeaways

The average cost of renters insurance in Ashburn is $209 annually or $17 monthly.
The cheapest option for renters in Ashburn is State Farm, offering coverage at $8 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 Ashburn?

On average, renters insurance costs in Ashburn are $17 per month. It’s $3 less than the state average of $20. Renters in Ashburn pay these rates for a coverage limit of $40,000 in personal property coverage, $1,000 deductible, and $300,000 in liability protection coverage.

Renters insurance rates can vary by city based on your insurer and the amount of coverage you choose. In Ashburn, for example, renters pay around $14 per month for $20,000 in personal property coverage with a $1,000 deductible. If you increase your coverage to $40,000, the monthly premium goes up by $3.

If you own high-value items like jewelry, electronics, or designer furniture, it’s a good idea to consider higher coverage limits to make sure you’re fully protected.

How much is renters insurance in Ashburn by deductible?

Renters insurance in Ashburn costs an average of $176 per year for a $500 deductible and $20,000 in personal property coverage.

The deductible is the amount you pay before your insurance coverage applies. By increasing your deductible, you can lower your insurance premium. For instance, raising your deductible from $500 to $1,000 will save you $11 annually.

The table below shows renters insurance premiums for varying personal property coverage and deductible amounts.

Deductible	$20,000 personal property	$40,000 personal property	$60,000 personal property
$500	$176	$223	$277
$1,000	$165	$209	$257

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

Who offers affordable renters insurance in Ashburn?

State Farm provides the cheapest rates in Ashburn, with an annual premium of $100 or $8 per month. American Family is the second-cheapest company, followed by Progressive.

Below is a list of the cheapest renters insurance companies and their average annual and monthly rates.

Renter insurance provider	Average annual rate	Average per month rate
State Farm	$100	$8
American Family	$135	$11
Progressive	$150	$12
Universal Insurance Holding	$154	$13
Nationwide	$175	$15
Erie Insurance	$212	$18
Allstate	$235	$20
Farmers	$246	$21
IAT Insurance Group	$277	$23
Travelers	$406	$34

Tips for reducing the cost of renters insurance

Below are some tips to help you save on renters insurance in Ashburn:

Bundle policies. If you have other policies through the same insurer, such as car insurance, bundling it with the same provider can often earn you a discount. Many insurers in Ashburn offer savings for bundling policies.

Increase your deductible. Choosing a higher deductible can lower your premium, but ensure you’re prepared to cover the higher out-of-pocket costs if you need to file a claim.

Choose the right coverage amount. Regularly review your renters insurance to avoid paying for more coverage than you need. For example, you might opt for lower personal property coverage if you don’t own high-value items.

Limit small claims. Filing multiple small claims can drive up your rates. Consider paying for minor damages yourself to keep your premium low.

Shop around for quotes. Don’t settle for the first offer. Compare renters insurance rates from multiple providers in Ashburn to find the best coverage at the lowest price.

Renters in Ashburn should purchase renters insurance to protect their personal belongings, provide liability coverage, and cover additional living expenses if their rental becomes uninhabitable due to a covered event. Premiums may differ based on location, coverage amount and individual circumstances, but the peace of mind it offers is worth the investment. You can get an affordable policy that fits your budget by assessing your coverage needs, comparing quotes and taking advantage of available discounts.

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for renters insurance rates in Ashburn 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.