Most people in their 20s either skip renters insurance entirely (bad move) or grab the first policy their landlord suggests (expensive move).

Here's the thing: renters insurance averages $15-30/month, but most young renters are paying closer to $25-35 because they don't know how to shop it properly.

3 things that actually lower your premium:

1. Bundle with auto insurance — Even if you barely drive. Most insurers give 10-25% off when you bundle. This alone can save $50-80/year.

1. Raise your deductible to $1,000 — Most people keep the default $500. Bumping to $1k drops your monthly by 15-20%. Unless you're filing claims every year (you shouldn't be), the savings compound fast.

1. Skip the add-ons you don't need — Identity theft coverage, equipment breakdown, scheduled personal property for items under $2k. These are profit centers for insurers, not necessities for a 25-year-old with a laptop and some furniture.

The real move? Get 3 quotes minimum. Use your state's insurance comparison tool if they have one. Compare the actual coverage limits, not just the monthly number.

Insurance isn't exciting, but paying $200/year less for the same coverage is.

We break down stuff like this every week inside OneFinance Insider — insurance, budgeting, financial basics that nobody teaches you in school.