Tip #1: Group your policies:
Most insurance companies don't sell just renters insurance. You might be able to get the best rate on all of your insurance policies by going with a single provider. Mention to your agent that you're interested in multiple policies and ask what kind of a discount they can offer.
Tip #2: Install a security alarm:
"Safety items" like fire alarms and deadbolts come standard with most apartments, but if your landlord is willing to upgrade even more, you can save more money on your renters insurance policy. Security alarms can make a huge impact on your bottom line and some companies offer discounts for other safety items as well - all you have to do is ask.
Tip #3: Reduce your policy coverage and insure big-ticket items separately:
Sometimes, you can get the best deal overall if you have multiple types of insurance. For example, if you estimate that your home's items are worth $15,000 and you have an heirloom piece of jewelry from your grandmother worth $5,000, it might make sense to insure it separately rather than going for a $20,000 renters insurance policy to cover everything. Whether or not you can save depends on your insurance company and the value of your items.
By just using these three tips, you could drop your insurance policy significantly, paying less than $100 a year in some areas! When all else fails, ask your agent for help. Sometimes, all you need to do is request a discount to get one.
The above guest post is from Allison at RentersInsurance.org, where you can go to learn more about renters insurance.