The Best and Cheapest Renters Insurance in Bridgeport,West Virginia for 2024: Rankings, Reviews and Rates

The Cheapest and Best Renters Insurance in Bridgeport,West Virginia

Since companies offer the same coverages, renters should consider the cost of renters insurance in Bridgeport,West Virginia when choosing a policy. Keep in mind that comparing quotes is essential to find the best option for your needs.

CheapInsuranced found that the cheapest renters insurance in Bridgeport,West Virginia is with:

• USAA: $74 per year (only available to military members and their families)
• State Farm: $101 per year

USAA policyholders get great value for their money since all renters insurance policies reimburse items at replacement cost. Plus, policies cover flood and earthquake damage.

The sample policy in this guide has $20,000 in personal property coverage, $100,000 in liability coverage, and a deductible of $500. Review the table below to see how prices can change when you adjust your personal property coverage limit.

AVERAGE ANNUAL RATES FOR PERSONAL PROPERTY INSURANCE

What Renters Insurance Companies Offer the Most Cheapest Coverage in Bridgeport,West Virginia?

CheapInsuranced assessed and ranked the most budget-friendly renters insurance companies in Bridgeport,West Virginia, and the results point to the top contenders:

Cheapest Option: USAA (exclusive to active/retired military and their families) Runner-Up: State Farm

Utilizing a distinctive rating methodology encompassing affordability, J.D. Power's customer satisfaction scores, and AM Best's financial stability ratings, CheapInsuranced identified these companies. Notably, these top providers extend coverage options that may be rare among other market competitors.

Overview of Rankings:

1. USAA
   • Score: 100
     • Affordability: 5/5
     • User Satisfaction: 5/5
     • Financial Stability: 5/5

Quick Take: USAA secured perfect scores in all categories, solidifying its position as CheapInsuranced's premier choice in Bridgeport,West Virginia. Offering competitive rates nationwide, USAA's renters insurance is exclusively available to current and former military members and their families. Noteworthy features include coverage for earthquakes and flood damage, with additional discounts for active military personnel and continued coverage during overseas deployment.

More About USAA: USAA stands out for providing renters insurance policies inclusive of protection against earthquakes and flood damage. Military personnel currently in service are eligible for extra discounts, and coverage is maintained even during overseas deployment.

2. State Farm
   • Score: 87
     • Affordability: 4.3/5
     • User Satisfaction: 4.1/5
     • Financial Stability: 5/5

Quick Take: State Farm emerges as an excellent choice for non-military renters in Bridgeport,West Virginia, garnering high ratings for affordability and customer service. State Farm distinguishes itself by offering add-on inflation coverage, a feature that sets it apart.

More About State Farm: State Farm consistently provides affordable options nationwide. It simplifies the process of increasing coverage limits for valuable items, such as jewelry, during the quoting phase. Additionally, State Farm offers the rare benefit of inflation coverage, automatically increasing the personal property coverage limit over time.

Average Cost of Renters Insurance in Bridgeport,West Virginia for 2023:

• Bridgeport,West Virginia: $122
• U.S.: $159

Renters insurance in Bridgeport,West Virginia proves to be 23.0% more economical than the national average, with an annual cost of $122 or $10 per month. This cost is notably $37 less than the U.S. average of $159 per year.

Benefits of Renters Insurance in Bridgeport,West Virginia

Renters insurance in Bridgeport,West Virginia provides valuable protection for tenants, offering numerous benefits that extend beyond mere coverage. Understanding these advantages can help renters make informed decisions about securing the right policy for their needs. Here are the key benefits of renters insurance in Bridgeport,West Virginia:

1. Protection for Personal Property:

Renters insurance safeguards your personal belongings, including furniture, electronics, clothing, and more. In Bridgeport,West Virginia, where property crime rates exist, having coverage is crucial to recover the costs of stolen or damaged items.

2. Additional Living Expenses Coverage:

If your rented dwelling becomes uninhabitable due to a covered peril, renters insurance covers additional living expenses. This means the policy helps pay for temporary accommodation, meals, and other essential costs, ensuring you're not financially burdened during a crisis.

3. Personal Liability Coverage:

Renters insurance includes personal liability coverage, offering financial protection in the event you're responsible for accidental damage to someone else's property or if someone is injured on your rented premises. It covers legal expenses and court fees, providing peace of mind in potential liability situations.

4. Medical Payments Coverage:

In case of injuries sustained on your rented property, regardless of fault, renters insurance includes medical payments coverage. This covers medical expenses for the injured party, reducing the likelihood of legal disputes.

5. Protection Against Specific Events:

Renters insurance in Bridgeport,West Virginia typically covers various perils, including fire, theft, vandalism, and plumbing issues. Given the occasional risks associated with natural disasters and accidents, having comprehensive coverage ensures you're financially prepared for unforeseen circumstances.

6. Affordable Financial Security:

Renters insurance is relatively affordable, with policies tailored to fit different budgets. For an average cost of $122 per year in Bridgeport,West Virginia, tenants gain substantial financial security, ensuring they don't face significant financial setbacks in the event of covered incidents.

7. Compliance with Lease Agreements:

Many landlords in Bridgeport,West Virginia may require tenants to have renters insurance as a condition of the lease agreement. Securing coverage ensures you comply with these requirements, preventing any lease violations that could lead to eviction.

8. Peace of Mind:

Knowing that your personal property is protected, and you have coverage for unforeseen events, brings peace of mind. Renters insurance allows you to enjoy your rented space without constant worry about potential financial losses.

9. Flexibility and Customization:

Renters insurance policies in Bridgeport,West Virginia are flexible, allowing you to customize coverage based on your specific needs. Whether you have high-value items or unique requirements, you can tailor your policy accordingly.

10. Ease of Replacement for Lost Items:

In the unfortunate event of theft or total loss of personal belongings, renters insurance ensures a smoother recovery process by providing funds to replace lost items. This ease of replacement helps tenants recover more quickly after a covered incident.

Renters insurance in Bridgeport,West Virginia is a practical and cost-effective way to safeguard your belongings and ensure financial stability in unexpected situations. Whether it's complying with lease agreements or protecting against specific perils, the benefits extend far beyond the policy premium.

Several factors contribute to the computation of renters insurance costs, and being aware of these elements is crucial for making an informed decision. Here are the primary aspects that significantly impact the expenses associated with renters insurance:

1. Personal Property Coverage Amount: The foremost determinant affecting renters insurance costs in Bridgeport,West Virginia is the coverage amount you choose. Generally, opting for higher coverage translates to a higher premium.
2. Location: Your geographical location is a pivotal factor in determining insurance costs. Renters situated in neighborhoods with a history of property theft or susceptibility to severe weather events may face increased coverage expenses.
3. Deductible: The deductible amount you select influences your out-of-pocket expenses when filing a claim for item replacement. Opting for a higher deductible often results in a lower premium.
4. ACV vs. RCV: Insurance reimbursement can follow either actual cash value (ACV) or replacement cost value (RCV). ACV considers the depreciated value of your used items, while RCV covers the equivalent cost of a new item of similar kind and quality.
5. Liability Coverage Amount: While your liability coverage amount has a marginal impact on your premium, standard renters policies typically include $100,000 in liability coverage. Additional coverage can be added at a nominal cost per year.

Determining the Appropriate Level of Renters Insurance

Understanding Renters Insurance in Bridgeport,West Virginia While renters insurance is not obligatory in Bridgeport,West Virginia, having a policy is a prudent and cost-effective measure to safeguard your possessions from potential theft or damage. Some landlords may even make it a requirement as part of your lease agreement.

Coverage Offered by Renters Insurance in Bridgeport,West Virginia Choosing the right coverage is crucial when shopping for renters insurance. Sufficient coverage is vital for financially protecting your personal items, especially in a city like Bridgeport,West Virginia, where the property crime rate was 43.91% above the national average in 2019, as per FBI statistics.

Renters insurance in Bridgeport,West Virginia typically covers:

1. Personal Property: This includes coverage for damage or theft of personal belongings such as clothing, electronics, and appliances within your residence.

2. Additional Living Expenses: In case your dwelling becomes uninhabitable due to a covered event, your renters insurance policy can cover temporary housing costs up to policy limits.

3. Personal Liability: Renters insurance includes personal liability coverage, protecting you in the event of an accident in your rented property resulting in damages or injuries to others. This coverage often covers legal expenses and court fees.

4. Medical Payments: The policy usually includes medical payments coverage, catering to injuries sustained on your property, irrespective of fault, up to policy limits.

Exclusions in Renters Insurance in Bridgeport,West Virginia It's essential to be aware of what renters insurance doesn't cover. Notably, it doesn't cover the physical structure of the building, which is the landlord's responsibility. Moreover, damages caused by floods are generally not covered, requiring additional insurance through the National Flood Insurance Program (NFIP).

Additionally, renters insurance usually excludes coverage for your roommate's possessions, earthquake damage (with most companies), damage to your vehicle, and high-value items like jewelry exceeding your policy limit. Thoroughly reviewing your policy before purchase is recommended to ensure adequate coverage.

Remember, while renters insurance is optional in Bridgeport,West Virginia, having a policy is recommended by CheapInsuranced to protect your personal assets, and your landlord may also require you to have coverage.

Renters Insurance in Bridgeport,West Virginia Analysis: Methodology CheapInsuranced conducted an extensive analysis of hundreds of renters insurance quotes in Bridgeport,West Virginia to assist you in finding affordable options. The best renters insurance rankings were determined using data from J.D. Power, AM Best, and affordability metrics derived from a comprehensive analysis of quotes provided by Quadrant.

Frequently Asked Questions About Renters Insurance in Bridgeport,West Virginia

1. How much is renters insurance in Bridgeport,West Virginia on average? On average, renters insurance in Bridgeport,West Virginia costs $122 per year or $10 per month.

2. What is the cheapest renters insurance company in Bridgeport,West Virginia? Based on average rates, the most affordable insurers in Bridgeport,West Virginia are USAA ($74 per year for eligible military members) and State Farm ($101 per year).

3. What is the best renters insurance company in Bridgeport,West Virginia? CheapInsuranced identifies USAA (for military families) and State Farm (for non-military members) as the best renters insurance companies in Bridgeport,West Virginia.

4. Do I need renters insurance in Bridgeport,West Virginia? Renters insurance in Bridgeport,West Virginia is optional. However, CheapInsuranced recommends getting a policy to protect your personal assets, and your landlord may require you to have coverage.

5. What does renters insurance in Bridgeport,West Virginia cover? Renters insurance typically covers personal property, additional living expenses, personal liability, and medical payments. It protects against events like theft, fire, and plumbing issues.

6. What is not covered by renters insurance in Bridgeport,West Virginia? Renters insurance doesn't cover the physical structure of the building, damage caused by floods (requires separate flood insurance), earthquake damage (with most companies), your roommate's possessions, damage to your car, and high-value items exceeding your policy limit.

7. How can renters insurance benefit me in Bridgeport,West Virginia? Renters insurance in Bridgeport,West Virginia offers financial protection for your personal belongings, covers living expenses if your dwelling becomes uninhabitable, provides liability coverage for accidents, and includes medical payments coverage for injuries sustained on your property.

8. Is renters insurance required by law in Bridgeport,West Virginia? No, renters insurance is not mandatory by law in Bridgeport,West Virginia. However, it is a recommended and cost-effective way to safeguard your belongings and meet potential lease requirements set by landlords.

9. How was the analysis of renters insurance conducted in Bridgeport,West Virginia? CheapInsuranced conducted a comprehensive analysis of hundreds of renters insurance quotes in Bridgeport,West Virginia. Rankings were determined based on data from J.D. Power, AM Best, and affordability metrics derived from a thorough analysis of quotes provided by Quadrant.

10. Are there specific considerations for military members in Bridgeport,West Virginia? Yes, military members in Bridgeport,West Virginia may find USAA to be a particularly affordable and beneficial option for renters insurance, tailored to their specific needs.

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• Our Take

• 4.0

• The bottom line: Mercury offers a range of insurance products, but isn’t available in many states.

• Mercury offers a range of insurance products, but isn’t available in many states.

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• Rideshare insurance available.

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• Not available in all states.

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• Mercury earned 4 stars out of 5 for overall performance. NerdWallet’s ratings are determined by our editorial team. The scoring formula takes into account consumer experience, complaint data from the National Association of Insurance Commissioners and financial strength ratings.

• Mercury Insurance has a large auto insurance customer base in California, but it also operates in 10 other states and offers additional products such as home, renters and condo insurance. Its policies are sold through a network of independent agents.

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• In our auto insurance reviews, our editorial team considers both the customer and the insurer. These are some of the factors we take into account:

• Financial strength. We use A.M. Best ratings to confirm an insurer’s long-term financial stability and ability to pay claims. NerdWallet does not recommend companies with a rating lower than a B. 

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• Ease of use. This category looks at how easily consumers can interact with an insurer through its mobile app and website. This includes how much coverage information is offered online, whether a user can start and track a claim online and get a quote and mobile app scores based on the Apple and Google Play store ratings.

• Discounts. We look at both the kind of discounts a company offers and the total number of discounts available.

• Compare to other insurers

• Current Product

• 4.0

• 4.0

• 4.5

• Complaints to NAIC  Ratings are based on complaints to state regulators relative to a company's size, according to three years' worth of data from the National Association of Insurance Commissioners. NerdWallet conducts its data analysis and reaches conclusions independently and without the endorsement of the NAIC.

• Close to expected

• Complaints to NAIC  Ratings are based on complaints to state regulators relative to a company's size, according to three years' worth of data from the National Association of Insurance Commissioners. NerdWallet conducts its data analysis and reaches conclusions independently and without the endorsement of the NAIC.

• More than expected

• Complaints to NAIC  Ratings are based on complaints to state regulators relative to a company's size, according to three years' worth of data from the National Association of Insurance Commissioners. NerdWallet conducts its data analysis and reaches conclusions independently and without the endorsement of the NAIC.

• Close to expected

• Ease of use  Ratings are determined by our editorial team. Our "ease of use" category looks at factors such as website transparency and how easy it is to file a claim.

• Above average

• Ease of use  Ratings are determined by our editorial team. Our "ease of use" category looks at factors such as website transparency and how easy it is to file a claim.

• Above average

• Ease of use  Ratings are determined by our editorial team. Our "ease of use" category looks at factors such as website transparency and how easy it is to file a claim.

• Above average

• Discounts  Ratings are based on the number of discounts a company offers in comparison to other insurers.

• Great set of discounts

• Discounts  Ratings are based on the number of discounts a company offers in comparison to other insurers.

• Great set of discounts

• Discounts  Ratings are based on the number of discounts a company offers in comparison to other insurers.

• Great set of discounts

• Bottom line 

• Mercury offers a range of insurance products but isn’t available in many states.

• Bottom line 

• Liberty Mutual offers a long list of discounts, plus robust digital tools on its website and app.

• Bottom line 

• With plenty of coverage options and discounts, this auto insurance giant is worth a look.

• Mercury insurance coverage

• When you're shopping for car insurance coverage, it's important to understand what car insurance coverage you want and what you’re required to buy. For instance, most states require a minimum amount of car insurance to drive a vehicle. Alternatively, if you want extra protection, you may be interested in full coverage insurance. Read about the most common types of car insurance coverage to see how they work.

• Mercury provides basic auto insurance coverage options, including rental car coverage and roadside assistance . In addition, any repairs made at a repair facility approved by Mercury are guaranteed for as long as you own your vehicle.

• Rideshare insurance is available as an add-on for those who have a personal auto insurance policy with Mercury and drive for services like Uber or Lyft. Typically, when you work for a rideshare service, you are covered by the insurance provided by that company — but only while you have passengers or are en route to pick up passengers. Mercury’s rideshare insurance guarantees you’re also covered when you’re waiting for a fare.

• » MORE: Compare auto insurance rates  

• Auto insurance discounts

• Depending on your state, you may be able to get a discount with Mercury by:

• Enrolling in autopay.

• Installing an anti-theft device in your vehicle.

• Using electronic signatures (paperless billing).

• Meeting Mercury’s requirements as a good driver.

• Meeting Mercury’s requirements as a good student.

• Signing up for Mercury’s driver behavior tracking app, MercuryGo. (You may qualify for an additional discount for good driving.)

• Insuring multiple cars with Mercury.

• Having multiple policies with Mercury (bundling).

• Paying premiums on time and in full.

• Taking a defensive driving course.

• Being in the military.

• Having certain vehicle safety features and equipment.

• First time shopping for auto insurance? Unsure of where to start? Check out our guide on how to shop for car insurance .

• Pricing based on tracked driving habits

• Mercury's usage-based driving app, MercuryGo, may provide insurance discounts based on how you drive. MercuryGo is currently only available for customers in Arizona, Florida, Georgia, Illinois, New Jersey, Nevada, Oklahoma, Texas and Virginia.

• Complaints and customer satisfaction

• Mercury had close to the expected number of complaints about auto insurance to state regulators relative to its size, according to three years’ worth of data from the National Association of Insurance Commissioners.

• Mercury ranked five out of ten companies in J.D. Power's 2023 U.S. Auto Insurance Shopping Study for overall customer satisfaction [0] J.D. Power. 2023 U.S. Insurance Shopping Study. View all sources . 

• Mercury ranked No. 23 out of 24 companies in J.D. Power’s 2023 study on auto insurance claim satisfaction [0] J.D. Power. 2023 U.S. Auto Insurance Claims Satisfaction Study. View all sources .

• 2023 J.D. Power Study

• Mercury ranking

• Auto insurance shopping

• No. 5 out of 10 companies.

• Auto insurance claims satisfaction

• No. 23 out of 24 companies.

• More about Mercury insurance

• Website: You can make payments, download ID cards and view policy documents via Mercury’s website. The company also has a blog with articles on various insurance topics, as well as tips for safer driving.

• App: Mercury offers two mobile apps for its auto insurance customers. Its primary app lets you access your digital ID card, pay bills and contact roadside assistance. Its usage-based app, MercuryGo, monitors your driving habits. You earn a discount for enrolling and may receive an additional discount at renewal for demonstrating good driving behavior. It is only available in Arizona, Florida, Georgia, Illinois, New Jersey, Nevada, Oklahoma, Texas and Virginia.

• Home insurance from Mercury

• Mercury’s options for home insurance include all the standard types of coverage, plus a few additional features. Learn more by reading our Mercury home insurance review .

• Other insurance coverage from Mercury

• Condo insurance .

• Renters insurance .

• Mechanical breakdown insurance.

• Business insurance and business auto insurance.

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• Landlord insurance.

• Insurer complaints methodology NerdWallet examined complaints received by state insurance regulators and reported to the National Association of Insurance Commissioners in 2020-2022. To assess how insurers compare to one another, the NAIC calculates a complaint index each year for each subsidiary, measuring its share of total complaints relative to its size, or share of total premiums in the industry. To evaluate a company’s complaint history, NerdWallet calculated a similar index for each insurer, weighted by market shares of each subsidiary, over the three-year period. NerdWallet conducts its data analysis and reaches conclusions independently and without the endorsement of the NAIC. Ratios are determined separately for auto, home (including renters and condo) and life insurance. Auto insurance ratings methodology NerdWallet’s auto insurance ratings reward companies for customer-first features and practices. Ratings are based on weighted averages of scores in several categories, including financial strength, consumer complaints and discounts. Our “ease of use” category looks at factors such as website transparency and how easy it is to file a claim. Using our editorial discretion, we also consider customer satisfaction surveys. These ratings are a guide, but we encourage you to shop around and compare several insurance quotes to find the best rate for you. NerdWallet does not receive compensation for any reviews. Read our editorial guidelines and full ratings methodology for auto insurance .

• Insurer complaints methodology

• NerdWallet examined complaints received by state insurance regulators and reported to the National Association of Insurance Commissioners in 2020-2022. To assess how insurers compare to one another, the NAIC calculates a complaint index each year for each subsidiary, measuring its share of total complaints relative to its size, or share of total premiums in the industry. To evaluate a company’s complaint history, NerdWallet calculated a similar index for each insurer, weighted by market shares of each subsidiary, over the three-year period. NerdWallet conducts its data analysis and reaches conclusions independently and without the endorsement of the NAIC. Ratios are determined separately for auto, home (including renters and condo) and life insurance.

• Auto insurance ratings methodology

• NerdWallet’s auto insurance ratings reward companies for customer-first features and practices. Ratings are based on weighted averages of scores in several categories, including financial strength, consumer complaints and discounts. Our “ease of use” category looks at factors such as website transparency and how easy it is to file a claim. Using our editorial discretion, we also consider customer satisfaction surveys. These ratings are a guide, but we encourage you to shop around and compare several insurance quotes to find the best rate for you. NerdWallet does not receive compensation for any reviews. Read our editorial guidelines and full ratings methodology for auto insurance .

• Frequently asked questions

• You can get a quote from Mercury online or by calling a local Mercury agent.

• Mercury sells auto insurance policies in 11 states: Arizona, California, Florida, Georgia, Illinois, Nevada, New Jersey, New York, Oklahoma, Texas and Virginia.

• Yes. You must have a personal auto insurance policy with Mercury to be eligible for rideshare insurance.

• Customer service number: You can reach Mercury customer service at 800-503-3724.

• Email: A direct email isn't listed, but you can fill out a form on the Mercury website.

• About the author

• Ryan Brady is a lead writer covering insurance at NerdWallet. Read more

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