An insurance quote is an estimate of the cost of a renters or homeowners policy (note: it is not set in stone, so your final premium may be slightly different...or the same!)
Renters and Homeowners Insurance Quotes, Intro
Before the insurance company gives you your final premium (the price you pay to get coverage), they give you a quote.
A quote is really handy because you get a rough idea of how much you'll pay, and what type of coverage and services you'll get in return. It also gives you the opportunity to use this knowledge to shop around, compare prices, and see what works best for you.
Every insurance company has a different pricing model and a different way of assessing the risk of your investment (read: how much they have to pay later). After all, insurance companies are for-profit and have a real bottom line.
$ads={1}
If they think you're a good fit, they'll give you an offer based on factors like how close you are to a fire station, how far you are from the coast, how much square footage your home is, how nice your home is, and more. house built etc.
How to Get an Insurance Quote
Getting an insurance quote has never been easier or faster. See for yourself how easy it is to get a renters insurance quote at Lemonade.
Back a few years ago, to get a quote you had to call an insurance agent and provide all your details over the phone, or even fill out a long questionnaire in person (ouch!). The insurance company will pass your information on to others who will crunch the numbers and ultimately give you a quote.
These days, there are companies that can give you an online quote instantly, and some even make it possible to get a quote on your phone through an app.
Get a renters or homeowners insurance quote in seconds (literally!) at Lemonade headquarters. Anyone looking for insurance can simply open the Lemonade app or visit lemonade.com, fill in a few questions with Maya, our chatbot, and receive an instant quote. cool, isn't it?
Choose the Best Insurance Quote
While most people will choose the company that offers the lowest price, cheap isn't always the best.
We recommend that you review coverage amounts, limits of liability, endorsements and other cornerstones of your policy. Make sure your potential insurance company offers coverage that matches your lifestyle, the value of your belongings and, if you're a homeowner, the value of your home.
Another aspect to consider is customer service and ease of use.
If you don't like waiting on the phone or dealing with agents, you might want to learn about a company that offers insurance through an app where you can file claims and renew coverage yourself. If you like the human element, you should definitely look for a more traditional insurance company that walks you through the process step by step.
