At Insure.com, we are committed to providing the timely, accurate and expert information consumers need to make smart insurance decisions. All our content is written and reviewed by industry professionals and insurance experts. Our team carefully vets our rate data to ensure we only provide reliable and up-to-date insurance pricing. We follow the highest editorial standards. Our content is based solely on objective research and data gathering. We maintain strict editorial independence to ensure unbiased coverage of the insurance industry.
The average cost of renters insurance in Hattiesburg, MS is $379 per year (for insurance coverage of $40,000 in personal property coverage, $100,000 in liability coverage, and $1000 as deductible) — that’s $15 less than the state average of $394 a year.
It can be higher or lower depending on the coverage options you choose and the amount of liability the policy provides. If you live in a rented apartment or home, you should consider buying renters insurance because it protects your personal belongings from damage caused due to covered peril such as fire or smoke damage, theft, vandalism, and other mishaps.
We did a thorough analysis of renters insurance companies to find the most affordable options for Hattiesburg renters. Keep reading to find out the cheapest renters insurance companies in Hattiesburg.
What is the average cost of renters insurance per month in Hattiesburg?
On average, the cost of renters insurance in Hattiesburg is $32 a month. Renters in Hattiesburg pay these rates for the coverage limit of $40,000 personal property coverage, $1,000 deductible and $100,000 liability protection coverage.
The renters insurance rates vary by city depending on your insurance provider and the coverage limits you decide. For example, renters in Hattiesburg pay $22 per month for personal property coverage of $20,000 and $1,000 deductible. However, if you decide to increase the personal property coverage limit to $40,000, you will pay $10 more than for renters insurance.
Now, you’ll have to decide how much coverage you need and how much you can afford. However, it is recommended, if your personal belongings consist of expensive jewelry, furniture, and electronics, you should choose higher coverage limits.
How much is average renters insurance in Hattiesburg by deductible?
The renters insurance cost in Hattiesburg is $285 per year for a $500 deductible and $20,000 as personal property coverage. A deductible is an amount you agree to pay before your insurance company kicks in. If you increase your deductible limit, your insurance cost will go down. For instance, if the personal property coverage is the same, i.e., $20,000, but you increase your deductible limit from $500 to $1,000, you will pay $27 less every year for insurance.
Below are the renters insurance rates for different personal property coverage and deductible amount.
Note: These rates are specifically for the coverage of $100,000 liability protection.
Read our guide to know what does renters insurance cover.
Who offers cheap renters insurance in Hattiesburg?
Your search for the cheapest renters insurance company ends here.
USAA offers the cheapest renters insurance in Hattiesburg at about $141 a year or $12 per month. According to Insure.com data analysis, Nationwide ranks second on our list followed by Farmers.
Our experts at Insure.com evaluated renters insurance quotes from all the big and small insurance companies in Hattiesburg and put together a list of the most affordable insurance carriers. Below are the average annual and monthly rates of the cheap renters insurance companies across Hattiesburg, MS.
(Note: USAA offers insurance only to members of the military, veterans and their immediate families.)
Renters insurance provider
Average annual rate
Average monthly rate
USAA
$141
$12
Nationwide
$296
$25
Farmers
$343
$29
Southern Farm Bureau
$373
$31
State Farm
$413
$34
Travelers
$730
$61
Allstate
$745
$62
Methodology
Insure.com, with the help of Quadrant Information Services, gathered data for renters insurance rates in Hattiesburg, MS, for $40,000 personal property coverage, $100,000 liability coverage, and a $1000 deductible.
How much is renters insurance in other cities
Biloxi
Gulfport
Jackson
Southaven
In case you missed it
What is HO-6 condo insurance and what does it cover?
Average homeowners insurance cost by ZIP code in 2024
What is dwelling coverage and how much do you need?
Personal liability insurance: What it is and why you need it
Renters insurance quotes: Compare rates
Hurricanes and home insurance: How hurricane insurance works
How replacement cost coverage works when you file a claim
How much do claims increase home insurance rates?
Mobile home insurance cost and coverage in 2024
Homeowners insurance basics
Home Insurance Advisor
Cheapest homeowners insurance in 2024
How much flood insurance do I need?
How to bundle home and auto insurance policies to save money
The largest home insurance companies by market share
Home insurance discounts for cheaper rates
How much does dog liability insurance cost and do you need it?
Do you have an emergency go-bag? Most Americans don’t
Renters insurance in Mississippi can cost as little as $26 a month (or $317 per year) for around $35,0001 in coverage, more than the national average, according to 2021 data (the most recent available) from the National Association of Insurance Commissioners (NAIC).
Renters insurance is relatively inexpensive. According to NerdWallet, the average renters policy costs about $15 per month for up to $30,000 in personal property coverage.
Bottom line: Choose your coverage amount based on how much stuff you have and how much it would cost to replace them. Btw, if you need coverage for your big-ticket items, such as your jewelry or fine art, you'll want to look into our Extra Coverage (also known as scheduled personal property coverage).
Renters insurance coverage is almost always worth it. It is much more affordable than other policies, including home or auto insurance, and provides valuable financial protection. Even if you can save enough money to cover unexpected loss, renters insurance may be worthwhile.
If you live in a city with a high home break-in rate or frequent weather-related disasters, you may see higher renters insurance costs. Your coverage level: If you have a lot of belongings (or expensive belongings), or you want peace of mind in terms of personal liability, then you'll want to increase your coverage.
The average cost of renters insurance is about $15 to $20 per month1. However, what you end up paying depends on a number of factors. Take a look at the information below to find out how your home or apartment renters insurance cost is determined.
Renters insurance deductibles often range between $250 and $2,500 on personal property claims. Liability coverage on your renters policy typically won't have a deductible. Explore Progressive's editorial standards for Answers articles to find out why you can trust the insurance information you find here.
Renters insurance typically covers fire, windstorms, lightning, explosions, theft, and vandalism. Your personal property, personal liability, additional living expenses, and guest medical expenses are usually covered under your renters insurance.
It's an excellent idea to re-shop your policy every year to ensure you're not missing out on better deals with a different company. Renters insurance is pretty easy to switch, so it's worth your time to be sure you're getting the best deal possible.
Renters insurance covers personal property, personal liability, medical payments and additional living expenses or loss of use, up to the limits of your policy.
Most insurance companies say a reasonable amount for life insurance is at least 10 times the amount of annual salary. If you multiply an annual salary of $50,000 by 10, for instance, you'd opt for $500,000 in coverage. Some recommend adding an additional $100,000 in coverage per child above the 10x amount.
Renters insurance protects your belongings from loss, damage, or destruction following things like burglaries, fires, tornadoes and other covered events. Plus, renters insurance also protects your liability (and your money) if someone is injured at your rental home or apartment.
It might save money in the short term, but canceling your renters policy could cost you more in the long run. Without insurance coverage, you're putting yourself at high financial risk from property loss and personal liability.
If you don't have renters insurance, you won't have coverage for your belongings if they are stolen or damaged by problems like vandalism and fire. That means you'll have to pay out of pocket to replace or repair your items if they are damaged or stolen.
Renters insurance can provide essential benefits to tenants, such as protecting personal belongings, liability coverage, and additional living expenses coverage. However, it has potential drawbacks, such as additional expense and limited coverage.
The average cost of landlord insurance in Mississippi is $1,973 annually. Keep in mind, though, that your policy's costs are often determined by the following: The value of your rental units. The amount of rental units insured.
How much is homeowners insurance in Mississippi? The average cost of homeowners insurance in Mississippi is $2,624 per year or $219 per month — this is 50% more expensive than the national average of $1,754 per year.
The difference is that replacement cost insurance pays for the full replacement cost of your items, whereas actual cash value insurance only pays for the depreciated value. With replacement cost insurance, you'll have enough money to replace your belongings. 2. How often should you shop around for renters insurance?
Introduction: My name is Dan Stracke, I am a homely, gleaming, glamorous, inquisitive, homely, gorgeous, light person who loves writing and wants to share my knowledge and understanding with you.
We notice you're using an ad blocker
Without advertising income, we can't keep making this site awesome for you.
