How much is renters insurance in Mesa, CO

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Renters insurance in Mesa, costs $188 per year for $40,000 in personal property, $300,000 in liability and a $1,000 deductible, which is $3 less than the state average of $191 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 Mesa.

Key Takeaways

Renters insurance in Mesa costs an average of $188 per year or $16 monthly.
Allstate offers the cheapest renters in Mesa, with a monthly premium of $16.
Renters can save more on insurance by taking advantage of discounts, including those for having a security system or bundling policies.

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

The average monthly cost of renters insurance in Mesa 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 Mesa pay $12 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 $4.

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

How much is renters insurance in Mesa by deductible?

The average cost of renters insurance in Mesa is $162 annually for a $500 deductible and $20,000 in personal property coverage

Your deductible is the amount you must pay out of pocket before your insurance kicks in. If you raise your deductible, your premiums will decrease. For example, if you maintain $20,000 in personal property coverage but increase your deductible from $500 to $1,000, you’ll save $17 annually on your insurance.

Below, you’ll find average renters insurance premiums for different personal property coverage and deductible amounts.

Deductible	$20,000 personal property	$40,000 personal property	$60,000 personal property
$500	$162	$214	$263
$1,000	$145	$188	$230

Note: Liability coverage is set at $100,000.

Who offers cheap renters insurance in Mesa?

Your search for affordable renters insurance ends here.

Allstate has the lowest rates in Mesa, with an annual premium of $191 a year or $16 per month. Based on our data, Farmers and Chubb Ltd also offer cheap rates.

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

Renter insurance provider	Average annual rate	Average per month rate
Allstate	$191	$16
Farmers	$191	$16
Chubb Ltd	$213	$18
State Farm	$218	$18
American Family	$271	$23
USAA*	$152	$13

*USAA is only available to military community members and their families.

How to lower the cost of renters insurance

Follow these tips to reduce the cost of your renters insurance in Mesa:

Bundle policies. If you have other insurance policies, such as car insurance, consider bundling them with the same company. Many insurers in Mesa provide discounts for bundled policies.

Increase your deductible. A higher deductible can lower your premium in Mesa, but make sure you’re comfortable with the potential out-of-pocket costs if you file a claim.

Choose the right coverage amount. Review your renters insurance policy regularly to ensure you aren’t paying for unnecessary coverage, such as excess personal property coverage if you don’t own many valuables.

Avoid filing too many claims. Filing frequent small claims can increase your rates. It might be worth paying for minor damages out-of-pocket instead of using your insurance.
Compare quotes. Don’t accept the first quote you get. Shop around and compare renters insurance rates from different insurers in Mesa to find the best deal.

Renters in Mesa should purchase renters insurance to protect their belongings and financial health. The cost of coverage varies based on your location, coverage limits and individual circumstances. To find the best deal, evaluate your coverage needs, compare quotes from different providers and take advantage of any available discounts.

Methodology

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