I've always heard that it is vital for those who rent to go out and get renters insurance. Recently, a student of mind had their apartment burn down and thankfully she was covered by renters insurance. I have long been an advocate, but for some reason, never actually got around to getting it for myself. After calling my auto insurance provider to get a quote for prices I found that I'm actually SAVING money by adding it onto my policy. Basically, here is what happened: I added Renters Insurance through my provider which will cost $10.45 a month. This triggers a "Multi-policy" discount through my provider which will save me $13.00/month off the two policies (auto and renters). So basically, by adding on renters insurance, I do not pay anything additional and my premium for auto goes down! It is always something worth checking out.