Types of Renters Insurance Discounts

The discounts you qualify for vary by state.Wawanesa offers several discounts that can help you save on your insurance premium. Whether it’s through home security features or bundling policies, there are a few easy ways to help bring down the cost of your renters insurance.

Residence Protection Device Discount

One of the most common ways to get a renters insurance discount is by having certain safety devices in your home. This discount can vary depending on how many features you have installed. Here are some examples:

Fire alarm or smoke alarm

Fire or smoke alarm, deadbolt locks, and fire extinguishers

Fire alarm or complete burglar alarm that reports directly to the fire department, or police department, or a central monitoring station

Gated Community or Secured Building Discount

If your home is located in a gated community or secured building, you could be eligible for another discount. There are two common situations where you might qualify:

You live in a gated community that’s enclosed by a fence, with all entrances secured by a 24-hour security station or a key card/security lock system.

You live in a secured building where entry requires passing through a locked main door before gaining access to your residence.

These types of setups offer extra peace of mind—and they can help lower your premium, too!

Sprinkler Protection Discount

Homes with sprinkler systems also benefit from saving on renters insurance. If your home has an automatic sprinkler system, you may be eligible for this discount. Sprinklers can be either "full," covering all areas like bathrooms, attics, closets, and attached structures, or "partial," where they’re only present in certain parts of the home.

Multi-Policy Discount

Want to simplify your insurance while saving money? The multi-policy discount is a great option by bundling your renters insurance with your auto insurance. It's a convenient way to manage your coverage while saving even more on your overall insurance costs.

Find out about renters insurance discounts in your state

California Discounts