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


Updated: September 13, 2024

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The best renters insurance company in Concord, California is Nationwide with a MoneyGeek score of 90 and an annual premium of $102 for $20,000 in personal property coverage. The cheapest renters insurance provider in Concord is Capital Insurance Group with a MoneyGeek score of 89 and an annual premium of $68.

The best homeowners insurance provider should offer a balance of customer service with affordability. Depending on your needs, other providers may be best. For example, Travelers excels in service quality with an annual premium of $134.

We 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 & CheapestRentersConcord, CA
2024

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

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

768Quotes Analyzed
 
8Providers Analyzed
 
2ZIP Codes

Overall Best Renters Insurance in Concord, CA

The best renters insurance in Concord, California is Nationwide with a MoneyGeek score of 90 out of 100 and an annual premium of $102. The two best renters insurance providers in Concord for a policy with $20,000 in personal property coverage, $100,000 in personal liability, and a $1,000 deductible are:

  • Nationwide: MoneyGeek score of 90 out of 100 ($102 per year)
  • Travelers: MoneyGeek score of 85 out of 100 ($134 per year)

The best provider in the state balances both cost and affordability. Nationwide has an affordability score of 48 out of 55 and a customer satisfaction score of 28 out of 30.

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

Overview

Nationwide ranks first in coverage in California, offering an annual premium of $102 in Concord. Nationwide provides uncommon coverages like credit card forgery and theft from vehicles. Credit Card Forgery coverage pays for unauthorized transactions on your credit cards and bank debit/ATM card, as well as forged checks and counterfeit money.

Theft from Vehicles coverage extends protection to your personal belongings stored in or on any motor vehicle, trailer, or watercraft, ensuring your valuables are safeguarded.

Best Renters Insurance in Concord, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
NationwideMoneyGeek Score90Annual Premium$ 102
TravelersMoneyGeek Score85Annual Premium$ 134
State FarmMoneyGeek Score85Annual Premium$ 121
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 68
AllstateMoneyGeek Score80Annual Premium$ 122
FarmersMoneyGeek Score71Annual Premium$ 165
ChubbMoneyGeek Score61Annual Premium$ 259

Cheapest Renters Insurance in Concord, CA

In Concord, California, Capital Insurance Group offers the cheapest renters insurance with an average annual premium of $68 for $20,000 in personal property coverage with a $1,000 deductible:

  • Capital Insurance Group: $68 per year
  • Nationwide: $102 per year

Personal property coverage helps replace or repair your belongings if they're damaged or stolen. Cheap renters insurance policies may have lower personal property coverage limits, which could be insufficient if you have numerous valuable items.

Cheapest Renters Insurance in Concord, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
Capital Insurance GroupMoneyGeek Score89Annual Premium$ 68
NationwideMoneyGeek Score89Annual Premium$ 102
State FarmMoneyGeek Score84Annual Premium$ 121
AllstateMoneyGeek Score80Annual Premium$ 122
TravelersMoneyGeek Score82Annual Premium$ 134
FarmersMoneyGeek Score68Annual Premium$ 165
ChubbMoneyGeek Score49Annual Premium$ 259

Cheapest Renters Insurance With a High Deductible Concord, CA

In Concord, 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 $53. The two cheapest providers are:

  • Capital Insurance Group: $53 per year
  • Nationwide: $80 per year

A deductible is the amount you pay out of pocket before your insurance kicks in, 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 your premium and cover the deductible if you need to file a claim.

Cheapest High Deductible Renters Insurance in Concord, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
Deductible:
Deductible:$ 2,000
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 53
NationwideMoneyGeek Score91Annual Premium$ 80
TravelersMoneyGeek Score87Annual Premium$ 109
State FarmMoneyGeek Score82Annual Premium$ 119
AllstateMoneyGeek Score77Annual Premium$ 122
FarmersMoneyGeek Score69Annual Premium$ 161
ChubbMoneyGeek Score61Annual Premium$ 239
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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 Concord, CA

Travelers is the best renters insurance company for service quality in Concord, California, with an annual premium of $134. The two best providers in Concord, California, for a policy with $20,000 in personal property coverage — for those who value great customer service without considering affordability — are:

  • Travelers: MoneyGeek score of 96 out of 100 ($134 per year)
  • Nationwide: MoneyGeek score of 95 out of 100 ($102 per year)

We scored renters insurance providers based on customer satisfaction, which is derived from J.D. Power surveys that assess customer experiences and satisfaction levels.

Great customer service is important for renters looking for insurance because it ensures a smooth and hassle-free experience, especially during claims. For example, when you make a claim, excellent customer service can expedite the process and provide clear communication, making the situation less stressful.

Company logo for Travelers
Best Service QualityTravelers
MoneyGeek Score:
96/ of 100

Overview

Travelers ranks first in customer satisfaction and coverage in Concord, California, with an annual premium of $134. Contents replacement cost coverage ensures your personal property is replaced without depreciation, providing full value for your items. Valuable Items Insurance offers higher limits for special property like jewelry and fine art, protecting your high-value items comprehensively.

Best Renters Insurance for Service Quality in Concord, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
TravelersMoneyGeek Score96Annual Premium$ 134
NationwideMoneyGeek Score95Annual Premium$ 102
ChubbMoneyGeek Score93Annual Premium$ 259
State FarmMoneyGeek Score86Annual Premium$ 121
AllstateMoneyGeek Score77Annual Premium$ 122
FarmersMoneyGeek Score77Annual Premium$ 165
Capital Insurance GroupMoneyGeek Score61Annual Premium$ 68

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

State Farm is the best renters insurance company for those who need high personal property coverage in Concord, California, with an annual premium for a policy with $100,000 in personal property coverage at $263. The two best providers in Concord are:

  • State Farm: MoneyGeek score of 92 out of 100 ($263 per year)
  • Travelers: MoneyGeek score of 91 out of 100 ($324 per year)

High personal property coverage means a renter's insurance policy that protects a larger financial value of personal belongings. Renters owning many belongings often require higher personal property coverage to protect their items from potential losses.

Personal property coverage reimburses renters for the loss or damage of possessions within the rental unit. Higher coverage levels typically mean higher premiums, but it's vital to find a provider that offers a balance of cost and excellent service. High-value items like jewelry or art may exceed standard policy limits and could necessitate additional coverage.

Company logo for State Farm
Best High Personal Property LimitState Farm
MoneyGeek Score:
92/ of 100

Overview

State Farm ranks first in affordability and customer satisfaction for expensive homes in Concord, with an annual premium of $263. State Farm offers cyber event/ID theft coverage, which helps renters recover from identity theft and cyber fraud. Additionally, its earthquake coverage protects against damages caused by seismic activity, providing peace of mind for renters in earthquake-prone areas.

Best Renters Insurance for High Personal Property Limits in Concord, CA
State FarmMoneyGeek Score92Annual Premium$ 263
TravelersMoneyGeek Score91Annual Premium$ 324
NationwideMoneyGeek Score91Annual Premium$ 306
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 208
AllstateMoneyGeek Score80Annual Premium$ 374
FarmersMoneyGeek Score76Annual Premium$ 422
ChubbMoneyGeek Score61Annual Premium$ 790
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SCHEDULED PERSONAL PROPERTY COVERAGE

If you own valuables such as fine jewelry or art, you would need additional coverage because 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 Concord, CA

For renters with military backgrounds in Concord, the top two providers for a policy with $20,000 in personal property coverage are:

  • USAA: MoneyGeek score of 100 out of 100 ($241 per year)
  • Nationwide: MoneyGeek score of 90 out of 100 ($102 per year)

USAA offers a range of products tailored for active military members, veterans and their families. Although other insurers may have lower premiums, USAA's specialized offerings make it a better overall choice for service members in most cases.

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

Overview

USAA stands out as the premier renters insurance provider for those with a military background in Concord. With an average annual premium of $241, USAA provides affordability and comprehensive financial protection.

It offers contents replacement cost, which covers the cost of replacing belongings with brand-new ones in the event of theft or damage. It also has worldwide personal property coverage, providing peace of mind for military members at home or abroad.

Best Renters Insurance for Military in Concord, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
USAAMoneyGeek Score100Annual Premium$ 241
NationwideMoneyGeek Score90Annual Premium$ 102
TravelersMoneyGeek Score85Annual Premium$ 134
State FarmMoneyGeek Score85Annual Premium$ 121
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 68
AllstateMoneyGeek Score80Annual Premium$ 122
FarmersMoneyGeek Score71Annual Premium$ 165
ChubbMoneyGeek Score61Annual Premium$ 259

Average Cost of Renters Insurance in Concord, CA

The average cost of renters insurance in Concord, California, is $139 annually, or $12 monthly. This is lower than the state average of $148 annually. Compared with the national average of $145, Concord's rate is 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.

The average cost of renters insurance in Concord may vary greatly depending on the amount of personal property coverage you purchase. Personal property coverage protects your belongings in case of damage or theft. 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 Concord

The cost of renters insurance in Concord, 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 Concord, 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 Concord

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 Concord, CA

The best renters insurance provider for you in Concord ultimately depends on your specific needs. Below, we address some common questions to help guide your decision.

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