How much is renters insurance in Frisco, NC

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In Frisco, renters insurance costs an average of $757 per year for $40,000 in personal property coverage, $300,000 in liability coverage, and a $1,000 deductible, which is $391 more than the statewide average of $366.

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 Frisco? We’ve compared the top companies to help you find the cheapest options.

Key Takeaways

Renters insurance costs an average of $757 per year or $63 per month in Frisco.
North Carolina Farm Bureau has the cheapest renters insurance for Frisco renters at $26 per month.
Taking advantage of discounts, such as having a security system or bundling renters insurance with other insurance policies, can help reduce your insurance premiums.

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

On average, renters insurance costs in Frisco are $63 per month. It’s $32 more than the state average of $31. Renters in Frisco 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 Frisco, for example, renters pay around $33 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 $30.

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 Frisco by deductible?

Renters insurance in Frisco costs an average of $468 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 $71 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	$468	$853	$1,156
$1,000	$397	$757	$1,026

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

Who offers cheap renters insurance in Frisco?

Your search for affordable renters insurance ends here.

North Carolina Farm Bureau has the lowest rates in Frisco, with an annual premium of $313 a year or $26 per month. Based on our data, State Farm and Allstate also offer cheap rates.

Below, you’ll find the average annual and monthly rates for cheap renters insurance companies in Frisco.

Renter insurance provider	Average annual rate	Average per month rate
North Carolina Farm Bureau	$313	$26
State Farm	$457	$38
Allstate	$479	$40
Auto-Owners	$797	$66
Nationwide	$809	$67
Metropolitan	$1,222	$102
Erie Insurance	$1,743	$145
USAA	$181	$15

Tips for reducing the cost of renters insurance

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

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 Frisco.

Increase deductible. Opting for a higher deductible can lower your premium in Frisco, 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 Frisco from multiple providers to find the best price for the coverage you need.

Renters insurance in Frisco, 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 Frisco 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.