Quite a bit can happen to a person or a place in California, considering the massive problem with wildfires the state has had over the last decade. Additionally, there is always the looming threat of earthquake damage or crime in some areas. For these reasons you might feel you need insurance in order to live a happy and sunny life in one of the best places on the planet. Renters insurance will be what most people are looking for, and we did the work to find the cheapest quotes, as we know how expensive California living can already be.
Here are the five cheapest renters insurance providers operating in California:
The Five Cheapest Quotes:
You might find slightly different results than you see here depending on where you live and other factors. The main takeaway we want you to have is the general impression of each provider and that you should investigate each one further for yourself.
The number listed next to each provider is the average annual rate for a standard policy.
1) Farmers: $158
The on-average cheapest option in California, Farmers also is well-known for its excellent customer service (especially when compared to some of the other renters insurance providers) and a wide array of customization options that you can take advantage of. More often than not customers are satisfied with what they get, and that’s partially because you will be able to determine exactly what you get. This might change the rate some, but the feeling of wasting nothing can be valuable.
They do have somewhat lower jewelry and other specialized coverages than some other providers, and additionally, the bureaucracy with Farmers has frustrated some customers.
You can expect the following working with Farmers:
- Additional options including pet damage protection, identity theft coverage, personal article floaters, and other policy customizations.
- A customizable detectable.
- An easy to work with customer service team.
2) State Farm: $162
One of the most well-known insurers in the nation, State Farm easily competes for the title of the cheapest and anyone looking for such should get a quote from them as quickly as they would from Farmers. You should especially look into the numerous discounts and bundles they offer, especially if you are willing to install some additional security devices into your home.
While this might not be as much of an issue in California, water damage coverage isn’t as available or strong, and. their high-value items coverage is industry-average., which you may want to keep in mind.
You can expect the following working with State Farm:
- A loss-of-use policy that is nearly unmatched in the business, especially given the price range.
- Strong expensive items coverage.
- A very helpful website, staff, and library of information.
3) Liberty Mutual: $175
The third cheapest option, Liberty Mutual, isn’t that far off from the first two options, and worth a look from anyone truly searching for the cheapest option. An excellent all-around firm with few notable downsides when it comes to renters insurance coverage, the provider offers standard coverage as well as optional electronics, jewelry, identity theft, high-ticket item, and water damage coverages.
You might want to beware of bundling, as we found more than a few complaints about their car insurance coverage. Also, while on average they are very affordable, people in certain areas might be subject to much higher rates.
You can expect the following working with Liberty Mutual:
- An excellent and accurate online quoting system.
- Top-tier claims support and online service.
- Plenty of partnerships and discounts with a wide range of organizations, employers, and clubs.
4) Allstate: $269
Another extremely widespread and popular option throughout the country, Allstate is known for its relative simplicity and affordability (even if it isn’t the “most” affordable here in California). Their services are also available practically anywhere, so Allstate might be the best choice for someone living in the more rural areas of the state.
What you might not get is additional specialized services or exceptional customer service, if our research and a series of noticeable complaints are anything to go by. Those with more particular needs might want to find insurance elsewhere.
You can expect the following working with Allstate:
- Excellent water coverage if you feel the need for it.
- A simple process and level of coverage for those who just want basic renters insurance.
- A strong and stable company structure.
5) Nationwide: $351
Rounding out our list is Nationwide, a more expensive yet still affordable option that can offer customers quite a bit more than the standard fare. You will be able to utilize plenty of customization options, and even set your limits on particular items. Another benefit is that your coverage can go beyond your apartment and to items in places such as trailers and hallways.
However, they likely won’t be the very cheapest option for you, even with discounts. You may want to consider them a bit more of a premium provider than the others. They also provide a somewhat lower default coverage for premium items, so you may want to either pay for additional coverage or seek services elsewhere if this is a major concern.
You can expect the following working with Nationwide:
- Discounts and bundles that can lower your total annual rate by quite a bit.
- Well-trained agents that should be able to address any questions or concerns you might have.
- Free annual assessments to give you a proper rate and the best possible policy.
There’s no shortage of options for you in California, and we understand that looking for any type of insurance can be a complicated and potentially expensive process, especially in the risky areas of the state. That’s why we’re here to make sure that you are getting the best deal possible. Examine the risks in your area and what type of coverage you need, and you won’t go wrong. Also, remember that your results may vary, so take time to explore each of the five options above. No matter your choice, we hope you find exactly the peace of mind you need.