AAA Renters Insurance Review: Cost, Coverage & More (2023)

The number of customer complaints filed against the company is significantly lower than the industry norm, helping it earn an A+ from the BBB. AAA renters insurance also has a high rating for financial stability from AM Best, which is a good indicator that they will pay out claims promptly. While AAA renters insurance does offer some special savings, it does not provide policyholders with a wide variety of coverage choices. The cost of AAA renter’s insurance rises in proportion to the policyholder’s chosen level of protection, and AAA makes it easy to file a claim if you ever need to use it.

AAA Renters Insurance

Protect yourself and your belongings with AAA Renters Insurance. Insurance provides financial security by covering medical bills, lost wages, and property damage.

AAA provides renter’s insurance that protects your belongings. Renters insurance helps replace personal property that has been damaged or stolen due to covered perils such as fire, storm, and theft. Renters insurance may also protect you from being sued if a guest gets hurt in your home and pay for your lodging if a covered peril makes your home unlivable. All 50 states in the USA offer AAA.

AAA does not work with a single insurance provider but rather works with multiple companies across the country to offer renters insurance. The policies available to you and the discounts you qualify for may change based on where you make your home. You can also find the local AAA office that serves your area by visiting their website and entering your ZIP code.

Typically, renters insurance does not cover flood damage. To include this, please contact an agent. You will probably also need to purchase extra earthquake coverage for your AAA Renters Insurance policy.

Customer Satisfaction Rating

According to J.D. Power, AAA has a customer satisfaction rating of 812 out of 1,000, which is below the average rating of 842 for the industry. On an index measuring customer happiness with companies providing renters insurance, this one ranked 12th. J.D. Power evaluated customer happiness by investigating such factors as communication, policy selection, price transparency, billing practices, and the quality of policy details and claims.

Financial Stability Rating

The speed with which a claim is paid out is one factor to consider when comparing renters insurance policies, so keep the insurer’s financial health in mind. The A- rating that AAA has received from AM Best indicates that the insurance company is in a strong financial position to fulfill its current and future insurance obligations. This further indicates that they are financially stable and can fulfill their insurance commitments.

AAA Renters Insurance Coverage

Make sure the renters insurance policy you are looking at includes the basics, such as coverage for your belongings, liability, medical expenses, and cost of living expenses. The maximum amount of protection that AAA’s renters insurance offers varies by region. Get in touch with AAA to find out about coverage details and regional availability.

#1. Personal Property Coverage

In the event of theft or damage, a policy will pay out a certain amount to replace or repair things like electronics, clothing, furniture, and valuables. For example, if your laptop were stolen while you were on vacation, you would still be covered under this policy even though you were thousands of miles from home. This insurance coverage aids in covering the cost of replacing lost, stolen, or damaged property, as well as that which has suffered harm from fire, smoke, or other covered perils.

You can also get a replacement cash value (RCV) policy from AAA. This means that they will pay you enough to buy new things to replace the ones that are broken.

#2. Personal Liability Coverage

This protects tenants from having to pay legal fees if a visitor to the rental property suffers an injury. Your houseguest may file a personal injury lawsuit against you if they sustain injuries while visiting your home. Your liability insurance will also pay for the other person’s medical expenses and legal fees if they sue you for negligence.

#3. Medical Payments Coverage

Your insurance will pay for a guest’s medical bills if they are injured on your rental property, up to the policy’s limits. However, the policy does not extend to your medical expenses. If someone were to get hurt on your property due to your carelessness, you might have to pay for their medical bills and other related costs. This could endanger your financial resources.

#4. Additional Living Expenses (Loss of Use)

The policy will also assist with covering the cost of temporary housing should you need it while your rental property is being repaired or is uninhabitable due to a covered peril. This could cover hotel costs if you need to stay somewhere else while the repairs are being done. In the event of a disaster that causes significant damage to your home, some policies will pay for temporary housing costs if you are forced to move out of your home.

AAA Renter Insurance: Additional Coverage

#1. Scheduled Personal Property

Insurance for valuables such as jewelry, artwork, and musical instruments is available as an optional extra through AAA. High-value items like jewelry, artwork, and musical instruments can get supplemental insurance coverage.

AAA Renter Insurance Discount

AAA also gives out five different kinds of discounts, which is the norm in the business. It offers discounts for seniors and loyal customers that most other insurance companies don’t.

Multiple policy discounts: save up to 6% on both your auto and renters insurance by purchasing them together.
Claims-free discount: If you have not filed a claim in three years, your renters insurance premiums could be reduced by as much as 33 percent.
Protective discount: You can also save up to 15% on your homeowner’s insurance if you install and keep up with one or more approved security devices in your home.
Loyalty discount: Individuals who have maintained continuous insurance coverage with AAA for at least a year are eligible for a 10% loyalty discount.
Senior discount: If you are 55 or older and retired, AAA will reduce the cost of your renters insurance by 10%.

AAA Renters Insurance Claim

AAA Renters Insurance makes it easy to file a claim if you ever need to use it. Simply dial 1-800-891-4222 to speak with a representative about filing a claim with AAA Renters Insurance. Making an online claim is another feature of the AAA Renters Insurance login portal.

There is no deadline for submitting claims to AAA; claims can be submitted months or even years after the incident. Nevertheless, they will still be taken into consideration. However, AAA is more likely to reject a claim if the wait time was excessive or prevented them from conducting a thorough investigation. Reporting an accident “promptly” or “as soon as possible” is probably required by your AAA auto insurance policy.

To avoid making your insurance company’s investigation and approval of your claim more difficult, do not put off filing it for too long. If you file your claim quickly after the accident, witnesses will still be fresh in their memories, and physical evidence will still be available, making it less likely that your claim will be contested.

To terminate your policy, contact the insurance company at (877) 387-8378 or see a local agent in person. AAA does not allow online cancellations at this time. To cancel your policy, the insurance agent may request your name, policy number, and the desired cancellation date. Calling 888-883-8417 will connect you with a AAA customer service agent between the hours of 7 a.m. and 9 p.m. on Monday through Friday and 8 a.m. and 5 p.m. on Saturday. In addition to calling, you can send an email, or you can go see a local representative.

How to File a Claim with AAA

Report any losses or damages to the police and your landlord.
See if you are covered by calling your insurance agent. Along with information regarding the incident, you ought to have your policy number.
Put every loss you have had in writing.
Fill out the claims form and attach any supporting documentation you may have.
Please complete and submit the claim form.

One of the agents will tell you what to do next in this case. For general AAA Renters Insurance questions, call (833) 425-0320. Using the online dashboard or mobile app, you can view your coverage and submit a claim. If you have questions about renters insurance in your state, the best person to ask is an AAA insurance agent in your area.

AAA Renters Insurance Cost?

Renters insurance quotes from AAA range from around $100 annually to $300 annually, so it is easy to get the coverage you need without breaking the bank. AAA provides supplemental insurance for high-value items like jewelry, artwork, and musical instruments. The cost of renter’s insurance rises in proportion to the policyholder’s chosen level of protection. You should not skimp on insurance in the hopes of saving money if this results in an inadequate policy that will not pay for damages.

AAA Renters Insurance Quote

If you think AAA renters insurance is the way to go, you can get in touch with a local agent by phone or online. Having the following details on hand will help you and your insurance agent get off to a quick and productive start:

Your insurance history
The worth of your personal belongings
The number of pets and people sharing your living space
Smoke alarms and other security features in your apartment
Details about the company you operate out of your rental (if any)

Does AAA offer Renters Insurance?

Yes, AAA offers renters insurance from multiple carriers. Renters insurance is a simple, low-cost way to safeguard yourself, your family, and your possessions.

Does Renters Insurance cover your Valuables?

Adds a separate layer of protection for high-value items, such as jewelry and artwork, which a standard policy might not fully cover.

What other Types of Insurance does AAA offer?

In addition to these products, AAA also provides insurance for automobiles, homes, condominiums, umbrellas, and lives.

What Discounts does AAA Offer?

Discount for non-smokers: If you do not smoke, you may be eligible to receive a reduction in the cost of your renters insurance premium.
Senior discount: If you are over the age of 55, you may be eligible to receive a discount on the monthly premium that you must pay for your renters insurance.
Claim-free discount: To be eligible for a discount on your renters insurance premium, you must demonstrate that you have not filed any claims against your policy within a predetermined amount of time.
Discounts on Renters Insurance from AAA for Having Safety Features

What Online Renters Insurance Tools Does AAA Offer?

The American Automobile Association (AAA) provides its policyholders with several helpful online tools and features, including an online quote tool, a mobile app, and many more.

Conclusion

If you are already a member of AAA, you can save money on renters insurance through your membership. You can still get insurance without being a member, but you will have to pay higher rates and will not receive benefits like free locks replaced or free roadside assistance.

It is a good idea to shop around for renters insurance from at least three different companies before settling on AAA. While the cost of renters insurance is a concern for many, the AAA Renters Insurance Safety Features Discount may help lower your premium and give you peace of mind. Your renters insurance may be less expensive if you add safety features like smoke detectors, fire extinguishers, deadbolts, security systems, and sprinkler systems.

AAA Renters Insurance Review: Cost, Coverage & More (2023)