Living in Idaho can be peaceful and fulfilling, but as with everywhere else in the country, there are risks such as fires or crime that can happen, leaving you in a bad place if you don’t have a safety net or backup plan in place. Fortunately, renters insurance can be that safety net for you and your apartment. We think that just about everyone can benefit from some type of plan, and to further that effort we took the time to determine the overall cheapest providers in the state.
Here are the five cheapest renters insurance providers operating in Idaho:
The Five Cheapest Quotes:
There are many different types of apartment living situations, neighborhoods, and risk factors in Idaho, and so your rate might vary greatly from those listed below. However, we’re confident the five choices listed here will be the best options for your apartment.
The number listed next to each provider is the average annual rate for a standard policy.
1) Nationwide: $149
Surprisingly, the least expensive option for Idaho for most people will be Nationwide, as in most places they are a company that provides great coverage and many customization options to you for a slightly to significantly higher price. Yet you as an Idaho resident might be able to get the best of both worlds and customize your policy to the item category, reducing waste to the point where you only get what you need.
The main downside is that their default coverage for some item categories might be lacking, but some investigation will help you determine if this is a deal breaker for you or whether you might just want to get some additional coverage from them.
You can expect the following working with Nationwide:
- Bundles and discounts that can lower your rate even further, making your policy a near-steal.
- Annual assessments (at no cost) to help you lower your rate or get better coverage for your apartment.
- An excellent support staff and team of agents who will guide you through the onboarding and claims process (if needed).
2) Allstate: $163
Allstate is a company with a huge infrastructure and base all throughout the country, so it comes as no surprise that they are one of the cheapest options for Idaho as well. Also, you can acquire optional identity theft, business property, and water damage coverages.
However, in Allstate’s case, you might get what you pay for, as their customer service can be lacking and there aren’t as many special features and customization options as you would get via other plans. You might also pay a much higher rate if you live in a high-crime area.
You can expect the following working with Allstate:
- Great water damage and flooding insurance options if you live near a river or are otherwise concerned.
- Great expensive item coverage that exceeds the competition.
- Excellent bundling options if you’re looking for or want to switch your auto insurance.
3) State Farm: $172
As we’ve come to expect, State Farm is one of the cheapest providers in Idaho (as they usually are in the rest of the country), and they are an excellent option if you’re looking for an inexpensive and simple solution to a renters insurance need or requirement. Offering additional bundles and discounts that can make them the cheapest option here, State Farm is an easy choice for many people.
However, if you’re looking for water damage coverage or business property damage coverage, you might be best served by another company. You also might run into some customer service issues when talking to some of their agents, perhaps as a tradeoff for the low price.
You can expect the following working with State Farm:
- A customizable onboarding process that will help you more easily plan for the future.
- An overall excellent level of coverage for your annual rate.
- An excellent loss-of-use plan built into most policies, ensuring you have a place to stay even if your apartment is wiped out.
4) Farmers: $210
A company can go far by providing quality customer service, which when compared to other providers is exactly what Farmers does. This combined with some excellent customization and optional policy add-ons (personal article floaters, identity theft coverage, pet damage insurance, liability coverage, and more) makes them a provider worth considering.
However, some customers have reported online service issues and others an excessive amount of organizational problems that might waste time. Certain item groups also might not get the coverage you hope for as well, which means you might want to do a little more research.
You can expect the following working with Farmers:
- The option to change your deductible to affect your rate and policy.
- Customization options that allow you to tailor your plan based on what you think the risks to your apartment are.
- A customer service team that works to resolve all issues quickly and permanently.
5) Liberty Mutual: $361
In nearly every case you will be able to trust Liberty Mutual to provide you with a quality plan that won’t fail you under normal circumstances, so if a solid all-around plan is what you’re looking for, Liberty Mutual has you covered. They also are partnered with many (more than we could count) organizations that can help you get a discount on your renters insurance coverage.
These benefits noted, they are still a sizable jump in price from the previous option, making them a safe but expensive choice at best. You also will probably not want to bundle with them if you’re hesitant about their car insurance offerings, which many people are.
You can expect the following working with Liberty Mutual:
- Above average service for the rate you are paying, although in Idaho this effect is mitigated.
- Very helpful agents and customer insurance professionals who will work with you and take the time to address your concerns.
- Optional coverages that include water damage, high-ticket items, electronics, identity theft, and jewelry.
When it comes to renters insurance there is no perfect choice or even an overall best choice, there is only the best provider and plan for you and your apartment. And that’s why we would like you to take it information and go further, looking into the insurance companies you feel might be a good fit. It might be wise to take inventory of your belongings and priorities ahead of time and then work from there. Whatever your method and whatever your decision, we hope that you get the best service and plan possible soon.