The Best and Cheapest Renters Insurance Companies in California for 2022: Rankings, Reviews and Rates

Renters insurance in California is affordable and helps protect your valuable personal items from theft and unforeseen damage. To help you find great options, MoneyGeek scored the both the cheapest and best renters insurance carriers across California. MoneyGeek’s rating system analyzed the customer service quality, affordability and financial strength of companies serving California to help you find the right coverage.

Compare Renters Insurance Rates

Insurance Rates

Ensure you're getting the best rate for your renters insurance. Compare quotes from the top insurance companies.

widget-location-pin
Last Updated: 4/19/2022
Advertising & Editorial Disclosure
By     |  
Featured Experts

Cheap Renters Insurance Companies in California

Many customers select their renters insurance provider based on overall cost. In California, the two most affordable carriers are Lemonade and Allstate. Lemonade’s coverage costs $7 per month, or $87 a year on average. For an Allstate policy, you’ll spend an average of $11 per month or $129 per year.

MoneyGeek’s data on providers’ monthly and annual premiums are for a policy with personal property coverage of $20,000, liability coverage of $100,000 and a deductible of $500. The costs are based on quotes in several ZIP codes across the state of California.

Personal Property Coverage:

$20,000

Scroll for more

swipe icon
Companies With the Cheapest Renters Insurance in California by City
City
Cheapest Company
Average Annual Premium

Anaheim, CA

Lemonade

$69

Anaheim, CA

Allstate

$125

Anaheim, CA

USAA

$126

Anaheim, CA

State Farm

$130

Anaheim, CA

Travelers

$141

Anaheim, CA

Farmers

$142

Anaheim, CA

MetLife

$213

Anaheim, CA

Nationwide

$682

Bakersfield, CA

Lemonade

$88

Bakersfield, CA

Allstate

$107

Bakersfield, CA

USAA

$112

Bakersfield, CA

State Farm

$130

Bakersfield, CA

Farmers

$142

Bakersfield, CA

Travelers

$173

Bakersfield, CA

MetLife

$210

Bakersfield, CA

Nationwide

$672

Chula Vista, CA

Lemonade

$64

Chula Vista, CA

USAA

$102

Chula Vista, CA

Allstate

$108

Chula Vista, CA

State Farm

$130

Chula Vista, CA

Farmers

$142

Chula Vista, CA

Travelers

$154

Chula Vista, CA

MetLife

$187

Chula Vista, CA

Nationwide

$474

Fontana, CA

Lemonade

$88

Fontana, CA

Allstate

$127

Fontana, CA

State Farm

$130

Fontana, CA

Farmers

$142

Fontana, CA

Travelers

$173

Fontana, CA

USAA

$183

Fontana, CA

MetLife

$203

Fontana, CA

Nationwide

$838

Fremont, CA

Lemonade

$94

Fremont, CA

State Farm

$130

Fremont, CA

Farmers

$142

Fremont, CA

Travelers

$143

Fremont, CA

Allstate

$143

Fremont, CA

MetLife

$206

Fremont, CA

USAA

$239

Fremont, CA

Nationwide

$911

Fresno, CA

USAA

$77

Fresno, CA

Lemonade

$84

Fresno, CA

State Farm

$130

Fresno, CA

Allstate

$139

Fresno, CA

Farmers

$151

Fresno, CA

Travelers

$165

Fresno, CA

MetLife

$221

Fresno, CA

Nationwide

$815

Irvine, CA

Lemonade

$69

Irvine, CA

Allstate

$117

Irvine, CA

USAA

$126

Irvine, CA

State Farm

$130

Irvine, CA

Farmers

$142

Irvine, CA

Travelers

$152

Irvine, CA

MetLife

$199

Irvine, CA

Nationwide

$649

Long Beach, CA

Lemonade

$98

Long Beach, CA

Allstate

$123

Long Beach, CA

State Farm

$130

Long Beach, CA

Farmers

$142

Long Beach, CA

Travelers

$157

Long Beach, CA

USAA

$188

Long Beach, CA

MetLife

$232

Long Beach, CA

Nationwide

$802

Los Angeles, CA

Lemonade

$98

Los Angeles, CA

State Farm

$130

Los Angeles, CA

Travelers

$156

Los Angeles, CA

Allstate

$166

Los Angeles, CA

Farmers

$187

Los Angeles, CA

USAA

$188

Los Angeles, CA

MetLife

$278

Los Angeles, CA

Nationwide

$928

Modesto, CA

Lemonade

$91

Modesto, CA

USAA

$97

Modesto, CA

Allstate

$127

Modesto, CA

State Farm

$130

Modesto, CA

Farmers

$142

Modesto, CA

Travelers

$168

Modesto, CA

MetLife

$202

Modesto, CA

Nationwide

$827

Moreno Valley, CA

Lemonade

$88

Moreno Valley, CA

State Farm

$130

Moreno Valley, CA

Farmers

$142

Moreno Valley, CA

Allstate

$143

Moreno Valley, CA

Travelers

$169

Moreno Valley, CA

MetLife

$210

Moreno Valley, CA

USAA

$217

Moreno Valley, CA

Nationwide

$838

Oakland, CA

Lemonade

$113

Oakland, CA

State Farm

$130

Oakland, CA

Farmers

$142

Oakland, CA

Travelers

$164

Oakland, CA

Allstate

$173

Oakland, CA

USAA

$239

Oakland, CA

MetLife

$275

Oakland, CA

Nationwide

$1033

Oxnard, CA

Lemonade

$72

Oxnard, CA

Allstate

$96

Oxnard, CA

State Farm

$130

Oxnard, CA

Farmers

$142

Oxnard, CA

Travelers

$143

Oxnard, CA

USAA

$163

Oxnard, CA

MetLife

$195

Oxnard, CA

Nationwide

$443

Riverside, CA

Lemonade

$88

Riverside, CA

Allstate

$117

Riverside, CA

State Farm

$130

Riverside, CA

Farmers

$144

Riverside, CA

Travelers

$169

Riverside, CA

MetLife

$202

Riverside, CA

USAA

$217

Riverside, CA

Nationwide

$838

Sacramento, CA

USAA

$89

Sacramento, CA

Lemonade

$118

Sacramento, CA

State Farm

$130

Sacramento, CA

Allstate

$131

Sacramento, CA

Farmers

$142

Sacramento, CA

Travelers

$167

Sacramento, CA

MetLife

$235

Sacramento, CA

Nationwide

$1065

San Bernardino, CA

Lemonade

$88

San Bernardino, CA

Allstate

$127

San Bernardino, CA

State Farm

$130

San Bernardino, CA

Farmers

$142

San Bernardino, CA

Travelers

$177

San Bernardino, CA

USAA

$183

San Bernardino, CA

MetLife

$215

San Bernardino, CA

Nationwide

$838

San Diego, CA

Lemonade

$79

San Diego, CA

USAA

$102

San Diego, CA

Allstate

$117

San Diego, CA

State Farm

$130

San Diego, CA

Farmers

$142

San Diego, CA

Travelers

$157

San Diego, CA

MetLife

$195

San Diego, CA

Nationwide

$474

San Francisco, CA

Lemonade

$81

San Francisco, CA

Allstate

$121

San Francisco, CA

State Farm

$130

San Francisco, CA

Farmers

$142

San Francisco, CA

Travelers

$146

San Francisco, CA

USAA

$200

San Francisco, CA

MetLife

$271

San Francisco, CA

Nationwide

$1049

San Jose, CA

Lemonade

$76

San Jose, CA

State Farm

$130

San Jose, CA

Allstate

$138

San Jose, CA

Farmers

$142

San Jose, CA

Travelers

$144

San Jose, CA

MetLife

$199

San Jose, CA

USAA

$239

San Jose, CA

Nationwide

$916

Santa Ana, CA

Lemonade

$69

Santa Ana, CA

Allstate

$122

Santa Ana, CA

USAA

$126

Santa Ana, CA

State Farm

$130

Santa Ana, CA

Farmers

$142

Santa Ana, CA

Travelers

$153

Santa Ana, CA

MetLife

$218

Santa Ana, CA

Nationwide

$682

Santa Clarita, CA

Lemonade

$102

Santa Clarita, CA

Allstate

$115

Santa Clarita, CA

State Farm

$130

Santa Clarita, CA

Farmers

$142

Santa Clarita, CA

Travelers

$177

Santa Clarita, CA

USAA

$188

Santa Clarita, CA

MetLife

$197

Santa Clarita, CA

Nationwide

$869

Santa Rosa, CA

Lemonade

$70

Santa Rosa, CA

Allstate

$96

Santa Rosa, CA

State Farm

$130

Santa Rosa, CA

Farmers

$142

Santa Rosa, CA

Travelers

$161

Santa Rosa, CA

USAA

$163

Santa Rosa, CA

MetLife

$180

Santa Rosa, CA

Nationwide

$852

Stockton, CA

Lemonade

$101

Stockton, CA

USAA

$104

Stockton, CA

Allstate

$130

Stockton, CA

State Farm

$130

Stockton, CA

Farmers

$142

Stockton, CA

Travelers

$168

Stockton, CA

MetLife

$224

Stockton, CA

Nationwide

$745

Insurance Rates

Compare Renters Insurance Rates

Ensure you're getting the best rate for your renters insurance. Compare quotes from the top insurance companies.

widget-location-pin

Best Renters Insurance Companies in California

Besides price, there are many other important factors customers may consider when choosing a renters insurance company. To pick the best renters insurance carriers in California, MoneyGeek ranked companies based on three factors: policy rates, customer service scores from J.D. Power and financial stability ratings from AM Best. The findings show that USAA is the best renters insurance company in California, with a score of 98 out of 100. However, keep in mind that its services are available only to former and current military members and their families. The next best carrier is State Farm, with a score of 94.


1
USAA
Score:97.6

4.8/5

Affordability

5/5

User Satisfaction

5/5

Financial Stability

More About USAA

USAA's is affordable and its policies all offer replacement cost coverage, making it exceptionally good value for those who are eligible.

2
State Farm
Score:93.8

4.9/5

Affordability

4.1/5

User Satisfaction

5/5

Financial Stability

More About State Farm

Apart from basic coverage, State Farm offers optional features such as roommate/additional insured individuals, identity theft restoration. State Farm also makes it easy to schedule coverage, meaning you can increase the coverage limits for specific valuable items.

3
Allstate
Score:93.2

4.9/5

Affordability

4.2/5

User Satisfaction

4.5/5

Financial Stability

More About Allstate

Apart from basic coverage, Allstate offers add-ons such as flood insurance, personal umbrella insurance, scheduled personal property and identity restoration coverage. This provider stands out for its wide range of discounts. Other notable aspects include useful online tools and resources, good financial strength and excellent claims satisfaction.

4
Farmers
Score:93

4.8/5

Affordability

4.6/5

User Satisfaction

4/5

Financial Stability

More About Farmers

Farmers offers standard coverage as well as optional add-ons such as identity theft restoration, electronics policies and replacement cost coverage. Farmers' coverage is widely available with a range of features. Their agents are easy to contact and you can get prompt and efficient customer support.

5
Travelers
Score:91.8

4.8/5

Affordability

3.9/5

User Satisfaction

5/5

Financial Stability

More About Travelers

Travelers offers standard coverage, as well as bonuses like contents replacement cost and valuable items plus. Additional features include flood coverage (you’ll need to buy a separate policy) and umbrella policies. Travelers' unique services include coverage for travel, events and boats. Travelers offers a mobile app that you can use to report a claim, check the claim’s status, view coverage options, assess existing coverage and more.

Largest Renters Insurance Companies in California

The leading insurance companies in California based on market share are State Farm (18%), Farmers (15%), Liberty Mutual (6%), CSAA (6%) and Allstate (6%). That means these five companies cover nearly 52% of the renters insurance market in the state. While the ideal solution is different for everyone, many renters feel confident by choosing a larger carrier, as larger carriers typically have the financial stability to pay out claims without hassle.

  • Company
    Market Share
  • 1.
    State Farm
    17.6%
  • 2.
    Farmers
    15.4%
  • 3.
    Liberty Mutual
    6.4%
  • 4.
    CSAA
    6.3%
  • 5.
    Allstate
    5.9%

Average Cost of Renters Insurance in California

0
0

renters insurance is equal to the average.

In California, renters insurance can be expensive compared to other states. The average annual rate is $238, which is $79 more than the national average. These prices are for a policy that offers personal property coverage of $20,000, liability coverage of $100,000 and a deductible of $500.

When you compare renters insurance prices from several providers, you have a better chance of finding the most affordable rate. For instance, in California, you can save about hundreds of dollars per year by picking the cheapest company, Lemonade, over the costliest carrier, Nationwide.

clothing

Total:


What Factors Impact Renters Insurance Cost in California

Several factors can impact renters insurance cost in California, including:

  • Location: ZIP code is important because areas with a higher risk of crime, wildfire damage and adverse weather conditions typically have higher rates.
  • Coverage Amount: The more coverage you purchase, the higher your premium.
  • Deductible: You have to pay a deductible to get your claim processed. A policy with a higher deductible will have a lower premium because you are required to pay more. In contrast, a plan with a lower deductible costs more because the carrier needs to pay more to cover your items.
  • Actual Cash Value (ACV) vs. Replacement Cost Value (RCV): An ACV policy considers the loss of value of your items over time, so it’ll pay less for old possessions. An RCV policy will reimburse you for a new item of the same type and quality. ACV plans cost less because they pay less for each claim. RCV packages are more expensive, but they mean you’ll get higher payout for your claim.
  • Credit Score: Providers in other states may consider your credit score while determining your premium, but California does not allow credit score to affect the cost of renters insurance rates.
Insurance Rates

Compare Renters Insurance Rates

Ensure you're getting the best rate for your renters insurance. Compare quotes from the top insurance companies.

widget-location-pin

Renters Insurance in California: What You Need to Know

Spending on renters insurance is a smart investment because you can get protection for your valuable personal items at a low cost.

While renters insurance isn’t required in California, the cost of it is relatively low compared to the average monthly price of rent. In the state, about 44% of people are renters, and the average monthly rental rate is $1,614. The average monthly premium is $20 for a basic policy with $20,000 in personal property coverage, $100,000 in liability coverage and a $500 deductible. This rate is 1.23% of the average monthly price of rent.

What Renters Insurance Typically Covers in California

Check what exactly your policy covers before you buy renters insurance in California. A standard renters insurance package will cover personal property, additional living expenses, liability insurance and medical payments.

In California, personal property coverage will typically pay for damages caused by natural disasters like tornadoes, wildfires and others.

What Renters Insurance Typically Does Not Cover in California

Renters insurance in California does not cover all situations. For instance, the following common problems may not be covered by your policy:

  • Flooding: Coverage typically includes water damage from broken pipes, but flooding due to extreme weather events is generally excluded. In California, flooding due to natural disasters is quite common, so it’s recommended to get flood insurance through the National Flood Insurance Program (NFIP).
  • Earthquake Damage: A standard policy does not cover earthquake damage. California is at risk of earthquakes as it is situated on a fault line, therefore it’s advisable to buy additional earthquake coverage.
  • Structural Damage: Landlords have to buy extra coverage for their property’s frame and structure as they are not covered.
  • Roommate Property: Your roommate’s possessions are not covered, so they’ll need to buy their own policy.
  • Expensive Items: You need to get add-on coverage for costly items and valuables as they are excluded from standard renters insurance policies.

Before buying a renters insurance package, get clarifications on what it does and does not cover. This information can help you report accurate and approved claims.

FAQs About Renters Insurance in California

Insurance Rates

Compare Renters Insurance Rates

Ensure you're getting the best rate for your renters insurance. Compare quotes from the top insurance companies.

widget-location-pin

Expert Insight on Renters Insurance in California

  1. What advice would you give for tenants looking to buy a renters insurance policy in California?
  2. What considerations should tenants in California take when determining the best renters insurance company for them?
  3. Are there any environmental factors renters should consider when deciding whether or not to buy a renters insurance policy in California?
Christopher O’Rourke
Christopher O’Rourke

VP of Property Claims at Mercury Insurance

Earl L Jones
Earl L Jones

Insurance Agent and Agency Owner at Farmers Insurance

Renters Insurance in California Analysis: Methodology

MoneyGeek analyzed renters insurance premiums from eight of the top insurance companies in California that were provided in partnership with Quadrant. Our analysis includes quotes from ZIP codes across California. Quotes were gathered for policies with personal property coverage of $20,000, $50,000 and $100,000; liability coverage of $100,000 and a deductible of $500.

About the Author


expert-profile

The MoneyGeek editorial team has decades of combined experience in writing and publishing information about how people should manage money and credit. Our editors have worked with numerous publications including The Washington Post, The Daily Business Review, HealthDay, and Time, Inc., and have won numerous journalism awards. Our talented team of contributing writers include mortgage experts, veteran financial reporters, and award-winning journalists. Learn more about the MoneyGeek team.