Finding the Best Renters Insurance in Idaho
While trying to rent a house in Idaho, getting a renters insurance would be highly advisable. There is a large rate of renters in Idaho, mostly made up of single families and students [due to Idaho having a well-respected state university, many students tend to be attracted, which increases the renter's rate among students]. With a population of mostly students and single families, most will probably not see the need of getting a renters insurance. They either think it is too expensive, or they have no idea of its availability to them. While staying in a rental, losses or damages to personal property might be incurred, which could cause unaffordable additional living expenses without renters insurance. Renters insurance helps in covering damages that might occur while staying in a rental, giving you this sense of security that you are covered in case of any unexpected events. Finding the best renters insurance in Idaho can be uneventful and tasking; that's why we are here to provide you with the best guide for your search.
| Renters Insurance Costs in Idaho | Rates |
|---|---|
| Avg. Rate of Renters Insurance in Idaho Annually | $250.95 |
| Avg. Rate of Renters Insurance in Idaho Per Month | $20.91 |
A Bird's-Eye View of Renters Insurance in Idaho
Idaho ranks 32nd on the list of most (and least) expensive rates of rent in the US, With a median rent of $119 compared to the overall average rent price of $1,249 in the US. It also ranks 36th in renters insurance prices in the US, with the average annual cost of renters insurance in Idaho being $157, also lower than the $187 national average cost. The percentage of Idaho residents who spend over 30% of their income on utilities and rent comes in at 43.8%. State Farm has the cheapest renter’s insurance rates in Idaho, and it is one of the most preferred because of its great customer service and affordable rates. In states like Idaho, residents tend to believe that renter insurance isn’t worth their money, and they do not see the need for such. For a state prone to natural disasters, this could cause severe problems when disasters occur, and they have to fend for themselves with no renters insurance.
| City in Idaho | Costs Per Month for Renters Insurance | Average Costs Per Year for Renters Insurance |
|---|---|---|
| Boise City, ID | $11.28 | $135.36 |
| Meridian, ID | $11.20 | $134.40 |
| Nampa, ID | $11.73 | $140.80 |
| Idaho Falls, ID | $12.81 | $153.76 |
| Caldwell, ID | $12.51 | $150.08 |
| Pocatello, ID | $12.47 | $149.60 |
| Coeur d'Alene, ID | $12.31 | $147.68 |
| Twin Falls, ID | $12.12 | $145.44 |
| Post Falls, ID | $12.01 | $144.16 |
| Lewiston, ID | $12.04 | $144.48 |
| Rexburg, ID | $12.73 | $152.80 |
| Eagle, ID | $11.56 | $138.72 |
| Moscow, ID | $12.15 | $145.76 |
| Kuna, ID | $11.57 | $138.88 |
| Ammon, ID | $13.13 | $157.60 |
| Chubbuck, ID | $12.71 | $152.48 |
| Hayden, ID | $12.40 | $148.80 |
| Mountain Home, ID | $13.11 | $157.28 |
| Blackfoot, ID | $13.43 | $161.12 |
| Garden City, ID | $11.40 | $136.80 |
| Jerome, ID | $12.89 | $154.72 |
| Burley, ID | $12.47 | $149.60 |
Is Renters Insurance Required in Idaho
Idaho does not enforce that its residents have a renters insurance. Though the landlords may require it, it is still dependent on the renter if he/she wants it or not because there is no Idaho renters insurance requirement. It is important to note that the landlord's insurance is not meant for covering the tenants' personal needs and requirements. So, renters are advised to get renters insurance that protects them and their personal belongings from the unexpected. Getting a renters insurance will save you from the financial losses or damages that may be incurred due to certain unexpected occurrences like national disasters, theft, and robberies, etc. Renters insurance makes it possible for folks with uninhabitable apartments to get a temporary place of residence; it covers others' medical fees based on injuries they got while at a renter's apartment. A renters insurance serves as that key that ensures the security of what matters to us and also protects us from additional living expenses or medical payments not planned for. We are assured that we've got backup if any unforeseen emergencies come up with our renters' insurance.
How Much is Renters Insurance in Idaho
The price of renters insurance in Idaho can be influenced by factors like the value (worth) of your personal property, the amount of coverage provided, and the amount of your liability, your credit history, and your location. Renters' insurance rates here also vary according to your chosen abode of residence. Acquiring renters insurance in Idaho is relatively easy and isn't really tasking. Another factor that influences the price of renters insurance has to do with your apartment and the property you are trying to get insured. Details about your home like the number of pets you have (if you have one), the numbers of tenants, the value of your property and more will be taken into consideration. Knowing this information will help you get the best-suited renter insurances policy with your desired coverage options in your search for the right renter's insurance for you.
| Price of Renters Insurance in Idaho by County | Rate Per Month | Rate Per Year |
|---|---|---|
| Ada County, ID | $11.40 | $136.83 |
| Bannock County, ID | $12.47 | $149.60 |
| Bingham County, ID | $13.43 | $161.12 |
| Bonneville County, ID | $12.81 | $153.76 |
| Canyon County, ID | $12.12 | $145.44 |
| Cassia County, ID | $12.47 | $149.60 |
| Elmore County, ID | $13.11 | $157.28 |
| Jerome County, ID | $12.89 | $154.72 |
| Kootenai County, ID | $12.24 | $146.88 |
| Latah County, ID | $12.15 | $145.76 |
| Madison County, ID | $12.73 | $152.80 |
| Nez Perce County, ID | $12.04 | $144.48 |
| Twin Falls County, ID | $12.12 | $145.44 |
What Does Renters Insurance cover in Idaho
Moving on, let’s talk about what your renter’s insurance covers. Is it worth your investment? What exactly does it do? Well, your renter’s investment covers your liabilities, medical payments, personal properties, loss of use, etc. It can be referred to as the best back up during desperate periods. Your renter’s insurance has always got your back. It comes through every single time you’re in need. Idaho is prone to wildfires, floods, earthquakes, tornadoes and volcanic eruptions. In an event where one of these disasters happens unexpectedly, a whole lot of damage will be done, with properties severely affected or destroyed. In case of a situation like this, your best back up plans as a renter would be your renter’s insurance. This could lead to so many houses becoming unlivable; your best bet is your renter’s insurance, which can easily help you get a temporary place of residence. For cases of theft, your stolen property can be easily recovered with the use of your renter’s insurance. Basically, a renter’s insurance provides an easier lifestyle for its users.
Best Renters Insurance Companies in Idaho Based on Consumer Ratings
The search for the best insurance company is very simple though it could take quite some time. In your search for the best, you will need to take your time looking at the customer reviews, coverage options, and prices of several renters' insurance companies in Idaho. You would also have to look at these companies' rankings from trusted organizations in charge like J.D Powers and NAIC. NAIC ranks companies based on their complaints index, while J.D. Power ranks them based on their customer reviews and satisfaction. Although affected by its limited coverage options, State Farm is ranked as the best renters' insurance company in Idaho, and also the cheapest renters' insurance company in Idaho due to its cheap rates and its good customer service in the state. We also have all state renters insurance in Idaho, which offers discounts to people, especially for seniors, and it has a cheap renter's insurance rate. This offers a wider range of coverage options compared to State Farm.
| Idaho Renters Insurer | JD Power Rating | NAIC Rating |
|---|---|---|
| Allstate Ratings for Renters Insurance in Idaho | A+ | 0.29 |
| American Family Insurance Ratings for Renters Insurance in Idaho | A | 0.65 |
| MetLife Ratings for Renters Insurance in Idaho | 2/5 | 0.2 |
| State Farm Ratings for Renters Insurance in Idaho | A++ | 0.19 |
| Travelers Ratings for Renters Insurance in Idaho | 2/5 | 0.28 |
| USAA Ratings for Renters Insurance in Idaho | A++ | 0.14 |
| Farmers Insurance Ratings for Renters Insurance in Idaho | A | 0.37 |
| Farm Bureau of Idaho Ratings for Renters Insurance in Idaho | N/A | 0 |
| Mutual of Enumclaw Ratings for Renters Insurance in Idaho | N/A | 0.24 |
Compare Renters Insurance in Idaho for the Best Rates
To get an accurate quote for your desired renters insurance options, it is important that you prepare all information about your rental property, your claims history and your financial situations. So far, you have been able to learn the basics about your renters' insurance in Idaho and the effectiveness of some renters insurance companies. To get the best renters Insurance in Idaho, you can compare the services and rates of renters' insurance companies with another. Comparing renters Insurance companies will help you properly analyze what insurance policy suits you best. So you would like to enjoy discounts? Depending on the insurance company you decide on, you can get the chance to either enjoy a discount based on you being a long term customer, or you could enjoy the multi-policy discount, which merges your auto insurance with your renter's insurance making it possible for you to save more. Discounts, coverage options, and policies vary from one company to the other; based on your comparisons, you get to your preference. That which you think can provide just the right services you deserve.