A lot of people wonder what goes into renters insurance rates and how they are determined. Simply put, the insurance companies that offer renters insurance do so with the understanding that if a claim is to be made by the insured party, the cost to them could be significant. Therefore, the less likely an individual renter is to make a claim, the more the insurance company will want to insure that person. In short, the safer you and your rental property are, the lesser your renters insurance rates will be. In order to make you and your place look safer to the insurance companies, you can follow these three steps.1) Improve your credit score. More and more often, insurance companies are looking to an individual’s credit score to help, at least in part, determine their rates for coverage. A very good credit score shows responsibility and maturity, a person less likely to be careless and have to make a claim. Bad scores show them the opposite. While these generalizations are not always true, of course, this is how the companies base their rates.2) How safe is the place you are renting? The neighborhood in which you live plays a big role in how much a policy will cost you. How safe is it? What is the crime rate? In addition to the neighborhood, how secure is the rental? Are there burglar alarms installed? How about window locks or security doors?3) How many policies do you have with the company? If you already have other types of insurance with the company that you are applying to, they will look at your previous record of claims to help determine your rates.