Best and Cheapest Renters Insurance in Anaheim, CA (September 2024)


Updated: September 12, 2024

The best renters insurance company in Anaheim, California is Nationwide, with a MoneyGeek score of 96 and an annual premium of $79. The cheapest renters insurance provider in Anaheim, California is Capital Insurance Group, with a MoneyGeek score of 89 and an annual premium of $77.

The best homeowners insurance provider should offer a balance of customer service with affordability. Depending on your needs, other providers may be best, such as Travelers, which excels in service quality with an annual premium of $122. MoneyGeek also looked into the best and cheapest renters insurance in California for those who live elsewhere in the state.

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MoneyGeek Logo IconBest & CheapestRentersAnaheim, CA
2024

Why Trust MoneyGeek? To determine the best renters insurance in Anaheim, California, we evaluated data from the California Department of Insurance and Quadrant Information Services.

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Renters insurance premiums in Anaheim represent the most competitive estimates as of September 2024.

2,880Quotes Analyzed
 
8Providers Analyzed
 
3ZIP Codes

Overall Best Renters Insurance in Anaheim, CA

The best renters insurance in Anaheim, California, is Nationwide with a MoneyGeek score of 96 out of 100 and an annual premium of $79. The following providers are the two best renters insurance providers in Anaheim for a policy with $20,000 in personal property coverage, $100,000 in personal liability, and a $1,000 deductible.

  • Nationwide: MoneyGeek score of 96 out of 100 ($79 per year)
  • Travelers: MoneyGeek score of 89 out of 100 ($122 per year)

The best provider in the state is one that can balance both cost and affordability. Nationwide has perfectly balanced customer satisfaction and affordability with an affordability score of 55 out of 55.

Company logo for Nationwide
Best OverallNationwide
MoneyGeek Score:
96/ of 100

Overview

Nationwide ranks 1st in Coverage in California, making it the top choice for renters in Anaheim with an annual premium of $79. Nationwide includes credit card forgery coverage, which protects against unauthorized transactions on your credit cards and bank debit/ATM cards.

Additionally, its theft from vehicles coverage extends protection to personal belongings stored in or on any motor vehicle, trailer or watercraft. These coverages provide renters with peace of mind and financial protection against common risks.

Best Renters Insurance in Anaheim, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
NationwideMoneyGeek Score96Annual Premium$ 79
TravelersMoneyGeek Score89Annual Premium$ 122
State FarmMoneyGeek Score86Annual Premium$ 121
AllstateMoneyGeek Score83Annual Premium$ 113
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 77
FarmersMoneyGeek Score74Annual Premium$ 158
ChubbMoneyGeek Score61Annual Premium$ 260

Cheapest Renters Insurance in Anaheim, CA

In Anaheim, California, Capital Insurance Group offers the cheapest renters insurance at $77 per year for $20,000 in personal property coverage. The two cheapest providers, with minimal consideration for customer service, are:

  • Capital Insurance Group: $77 per year
  • Nationwide: $79 per year

Cheap renters insurance policies often have low personal property coverage limits. Higher coverage limits can increase your monthly costs but provide better protection for your belongings.

Cheapest Renters Insurance in Anaheim, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
Capital Insurance GroupMoneyGeek Score89Annual Premium$ 77
NationwideMoneyGeek Score97Annual Premium$ 79
AllstateMoneyGeek Score84Annual Premium$ 113
State FarmMoneyGeek Score86Annual Premium$ 121
TravelersMoneyGeek Score87Annual Premium$ 122
FarmersMoneyGeek Score71Annual Premium$ 158
ChubbMoneyGeek Score49Annual Premium$ 260

Cheapest Renters Insurance With a High Deductible Anaheim, CA

In Anaheim, California, Capital Insurance Group offers the cheapest renters insurance for a policy with $20,000 in personal property coverage and a $2,000 deductible, with an annual premium of $60. The two cheapest providers are:

  • Capital Insurance Group: $60 per year
  • Nationwide: $62 per year

A deductible is the amount you pay out of pocket before your insurance covers the rest, and it can affect your rates. A higher deductible often leads to cheaper premiums, while a lower deductible means higher premiums.

It’s important to balance both to ensure you can afford the deductible if you need to file a claim. Renters should consider their financial situation and risk tolerance when choosing a deductible.

Cheapest High Deductible Renters Insurance in Anaheim, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
Deductible:
Deductible:$ 2,000
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 60
NationwideMoneyGeek Score96Annual Premium$ 62
TravelersMoneyGeek Score90Annual Premium$ 99
AllstateMoneyGeek Score79Annual Premium$ 113
State FarmMoneyGeek Score83Annual Premium$ 119
FarmersMoneyGeek Score71Annual Premium$ 154
ChubbMoneyGeek Score61Annual Premium$ 240
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HOW TO SET YOUR DEDUCTIBLE

When selecting a deductible for your insurance policy, ensure it's an amount you can pay out of pocket if you need to file a claim. If you can afford it, opting for a higher deductible could decrease your annual premiums, leading to savings over time while still providing the financial protection you need.

Best Renters Insurance for Customer Service in Anaheim, CA

In Anaheim, California, Travelers stands out as the best renters insurance company for service quality, with an annual premium of $122. The following providers are the top two best in Anaheim for a policy with $20,000 in personal property coverage, for those who value great customer service without considering affordability.

  • Travelers: MoneyGeek score of 96 out of 100 ($122 per year)
  • Nationwide: MoneyGeek score of 95 out of 100 ($79 per year)

MoneyGeek scores renters insurance providers based on J.D. Power surveys, which assess customer satisfaction and service quality. Great customer service is important for renters looking for insurance because it ensures a smooth claims process. For example, when you make a claim, great customer service means quick and efficient handling of your case, making a stressful situation more manageable.

Best Service Quality
MoneyGeek Score:
96/ of 100

Overview

Travelers ranks first in customer satisfaction and coverages in Anaheim, California, with an annual premium of $122.

Travelers offers contents replacement cost and scheduled personal property coverages. Contents replacement cost covers personal property losses based on replacement cost without depreciation, ensuring renters can replace items at their current value. Scheduled personal property provides protection for high-value items like jewelry and fine art without requiring appraisals, offering peace of mind for renters with valuable possessions.

Best Renters Insurance for Service Quality in Anaheim, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
TravelersMoneyGeek Score96Annual Premium$ 122
NationwideMoneyGeek Score95Annual Premium$ 79
ChubbMoneyGeek Score93Annual Premium$ 260
State FarmMoneyGeek Score86Annual Premium$ 121
AllstateMoneyGeek Score77Annual Premium$ 113
FarmersMoneyGeek Score77Annual Premium$ 158
Capital Insurance GroupMoneyGeek Score61Annual Premium$ 77

Best Renters Insurance for High Personal Property Limits in Anaheim, CA

Nationwide offers the best renters insurance for those in Anaheim, California, needing high personal property coverage, with an annual premium of $220 for a policy with $100,000 in personal property coverage. The two best providers in Anaheim are:

  • Nationwide: MoneyGeek score of 97 out of 100 ($220 per year)
  • Travelers: MoneyGeek score of 93 out of 100 ($296 per year)

High personal property coverage means protection for a significant amount of personal belongings. Renters with a large number of possessions typically require higher personal property coverage. This coverage protects items like furniture, electronics, and clothing from damage or theft.

As coverage limits increase, so does the premium. It's important to choose a provider that offers a good balance of cost and service quality. Note that high-value items like jewelry or art may need additional coverage to be fully protected.

Company logo for Nationwide
Best High Personal Property LimitNationwide
MoneyGeek Score:
97/ of 100

Overview

Nationwide ranks first in affordability and customer satisfaction for renters with expensive homes in Anaheim, offering an annual premium of $220.

Nationwide provides coverage options like credit card forgery and theft from vehicles. Credit card forgery coverage protects against unauthorized transactions on your credit cards and bank debit/ATM cards. Theft from vehicles coverage extends protection to personal belongings stored in or on any motor vehicle, trailer or watercraft, ensuring your valuables are safeguarded.

Best Renters Insurance for High Personal Property Limits in Anaheim, CA
NationwideMoneyGeek Score97Annual Premium$ 220
TravelersMoneyGeek Score93Annual Premium$ 296
State FarmMoneyGeek Score93Annual Premium$ 258
AllstateMoneyGeek Score82Annual Premium$ 349
Capital Insurance GroupMoneyGeek Score81Annual Premium$ 238
FarmersMoneyGeek Score79Annual Premium$ 384
ChubbMoneyGeek Score61Annual Premium$ 795
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SCHEDULED PERSONAL PROPERTY COVERAGE

If you own valuables such as fine jewelry or art, you would need additional coverage as these items are not usually covered by standard policies. Opt for a provider that offers scheduled personal property coverage, which extends coverage to such valuables.

Best Renters Insurance for Military Families in Anaheim, CA

In Anaheim, USAA is the top-ranked renters insurance company with an annual rank of 1. USAA is exclusively for those with military backgrounds in Anaheim. The following providers are the top two best providers in Anaheim for veterans for a policy with $20,000 in personal property coverage.

  • USAA: MoneyGeek score of 100 out of 100 ($125 per year)
  • Nationwide: MoneyGeek score of 96 out of 100 ($79 per year)

USAA offers a range of products tailored for those with a military background, providing discounts and coverages that suit the military lifestyle. While Nationwide ranks first in affordability, USAA’s tailored offerings for military members make it a strong contender.

Company logo for USAA
Best for VeteransUSAA
MoneyGeek Score:
100/ of 100

Overview

USAA stands out as the premier renters insurance provider for those with a military background in Anaheim, leading in customer satisfaction and offering the most comprehensive coverage. With an annual premium of $125, it's both affordable and reliable.

Included in USAA's policy are contents replacement cost and worldwide personal property coverage, ensuring your belongings are protected at home and abroad. Whether replacing a stolen TV or covering personal items while deployed, USAA's policy is designed to support the unique needs of military renters.

Best Renters Insurance for Military in Anaheim, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
USAAMoneyGeek Score100Annual Premium$ 125
NationwideMoneyGeek Score96Annual Premium$ 79
TravelersMoneyGeek Score89Annual Premium$ 122
State FarmMoneyGeek Score86Annual Premium$ 121
AllstateMoneyGeek Score83Annual Premium$ 113
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 77
FarmersMoneyGeek Score74Annual Premium$ 158
ChubbMoneyGeek Score61Annual Premium$ 260

Average Cost of Renters Insurance in Anaheim, CA

The average cost of renters insurance in Anaheim, California is $133 annually, or about $11 per month. This is lower than the state average of $148. Compared with the national average of $145, Anaheim's rates are also more affordable. These rates are based on a renters insurance policy with $20,000 personal property limits, $100,000 liability limits and a $1,000 deductible.

Renters should remember that the average cost of renters insurance in Anaheim may vary greatly depending on the amount of personal property coverage you purchase. Personal property coverage protects your belongings in case of theft, fire or other covered events. Use the calculator below to see how prices change based on the value of your personal property.

Personal Property Coverage Calculator

When figuring out how much renters insurance you need, experts recommend the standard $100,000 in liability insurance and enough personal property protection to cover your possessions. Use MoneyGeek's calculator to estimate the value of your possessions so you know how much personal property coverage to buy.

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Factors That Impact Renters Insurance Costs in Anaheim

The cost of renters insurance in Anaheim, California, is influenced by multiple factors, including the location of the rental property and the amount of coverage desired. Understanding these variables is key to finding a policy that fits your budget and needs.

  • Location: The area where you live can affect your premium due to crime rates and weather-related risks.
  • Coverage Amount: Opting for higher coverage limits will increase your insurance costs.
  • Deductible: Choosing a higher deductible can lower your monthly premium, but you'll pay more out of pocket in the event of a claim.
  • Claims History: Renters with a history of claims may face higher premiums due to a higher perceived risk by insurance companies.
  • Credit Score: Insurance companies may factor in your credit history when determining your premium, with better credit records often leading to lower costs.

What Renters Insurance Covers in Anaheim, CA

Renters insurance primarily provides coverage for your personal belongings, but it also covers additional areas such as liability and living expenses if your rental is rendered uninhabitable. Here’s what a typical policy includes:

  • Personal Property Coverage: This covers the cost to repair or replace your belongings if they're damaged or stolen. For instance, a renter in Texas may receive compensation for a stolen laptop.
  • Personal Liability Coverage: This protects you financially if a guest is injured in your rental or you cause property damage. A Texas renter could use this coverage if a guest slips and falls in their apartment.
  • Loss of Use Coverage: This helps with additional living expenses if your rental is unlivable due to a covered peril. A renter might rely on loss of use coverage to pay for a hotel stay after a fire.
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COMMONLY COVERED PERILS

Renters insurance typically covers losses from incidents like theft, fire and water damage. Understanding your policy's specific coverage is key to ensuring you're protected. Here are common situations renters insurance covers:

  • Fire or lightning
  • Windstorm or hail
  • Explosions
  • Riots
  • Aircraft
  • Vehicles
  • Smoke damage

What Renters Insurance Does Not Cover in Anaheim

Although renters insurance provides a financial safety net, it doesn't shield against every mishap. For instance, it typically excludes flood damage and your roommate's possessions.

  • Natural Disasters: Standard renters insurance often does not cover damage from earthquakes or floods.
  • Roommate's Belongings: Personal property coverage does not extend to items owned by a roommate unless they are listed on the policy.
  • High-Value Items: Expensive jewelry or electronics may exceed the policy's limit and require additional coverage.
  • Business Equipment: Property used for business purposes might not be covered under a standard renters insurance policy.
  • Pest Damage: Infestations and damage from pests like bed bugs or rodents are usually not covered.
  • Car Theft: Although personal property stolen from your car may be covered, the theft of the car itself is not.

FAQ: Renters Insurance in Anaheim, CA

The best renters insurance provider for you in Anaheim ultimately depends on your needs. Below are some common questions to help you make an informed decision.

How much is renters insurance in Anaheim, California, on average?
What is the cheapest renters insurance company in Anaheim, California?
What is the best renters insurance company in Anaheim, California?
Do I need renters insurance in Anaheim, California?

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.