Welcome to Saving Money with Andrew! Almost everyone has renter’s or homeowner’s insurance. Most landlords and mortgage lenders require it, and having a policy is just common sense. But, these policies are a major expense—the average renter’s policy is over $150/year and the average homeowner’s is about $1,500/year. And if you live in a major city or a high-cost suburb, you may pay significantly more. So any opportunity to save a bit is quite valuable. Here’s how I think about saving on these policies:
Saving on Renter's and Homeowner's Insurance
Saving on Renter's and Homeowner's Insurance
Saving on Renter's and Homeowner's Insurance
Welcome to Saving Money with Andrew! Almost everyone has renter’s or homeowner’s insurance. Most landlords and mortgage lenders require it, and having a policy is just common sense. But, these policies are a major expense—the average renter’s policy is over $150/year and the average homeowner’s is about $1,500/year. And if you live in a major city or a high-cost suburb, you may pay significantly more. So any opportunity to save a bit is quite valuable. Here’s how I think about saving on these policies: