Easy ways renters insurance could save you money
News from ABC15 Arizona:

Nearly all homeowners (95 percent) have homeowners insurance, but renters insurance isn’t nearly as popular, according to a 2014 poll from the Insurance Information Institute. In that survey, only 37 percent of renters said they had such policies, though that’s an increase from 29 percent in 2011, when the survey first asked about it.

What consumers may not realize, whether they have renters insurance or not, is how handy these policies can be. They’re generally pretty cheap — the national average for a renters insurance policy is about $ 15 a month, according to the National Association of Insurance Commissioners (NAIC)— and they can save you from being financially liable for pricey property damage.

The homeownership rate at is at a nearly 50-year low in the U.S., meaning there are more renters out there. Whether you’re among the majority without renters insurance or unfamiliar with the benefits of your policy, there are a few things you may want to know about this type of insurance.

How Much It Costs

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