Best and Cheapest Renters Insurance in Costa Mesa, CA (Sept 2024)


Updated: September 13, 2024

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Nationwide is the best renters insurance company in Costa Mesa, California, with a MoneyGeek score of 93 and an average annual premium of $104. Capital Insurance Group is the cheapest renters insurance provider, with a MoneyGeek score of 89 and an annual premium of around $88. The best and cheapest quotes are based on $20,000 in personal property coverage.

The best homeowners insurance provider should balance customer service with affordability. Depending on your needs, Travelers leads for service quality, with an average annual premium of $124. MoneyGeek also looked into the best and cheapest renters insurance in California for those who live elsewhere in the state.

MoneyGeek Logo IconBest & CheapestRentersCosta Mesa, CA
2024

Table of Contents

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

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

768Quotes Analyzed
 
8Providers Analyzed
 
2ZIP Codes

Overall Best Renters Insurance in Costa Mesa, CA

Nationwide provides the best renters insurance in Costa Mesa, California, with a MoneyGeek score of 93 out of 100 and an average annual premium of $104. The following are the top two best renters insurance providers in Costa Mesa for a policy with $20,000 in personal property coverage, $100,000 in personal liability and a $1,000 deductible:

  • Nationwide: MoneyGeek score of 93 out of 100 ($104 per year)
  • Travelers: MoneyGeek score of 90 out of 100 ($124 per year)

Nationwide has perfectly balanced customer satisfaction and affordability, with an affordability score of 52 out of 55.

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

Overview

Nationwide ranks first in coverage in Costa Mesa, with an average annual premium of $104. The company offers coverage for credit card forgery and theft from vehicles. Credit card forgery coverage protects you against unauthorized transactions on your credit cards and bank debit/ATM cards, including 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 safe even when on the go.

Best Renters Insurance in Costa Mesa, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
NationwideMoneyGeek Score93Annual Premium$ 104
TravelersMoneyGeek Score90Annual Premium$ 124
State FarmMoneyGeek Score88Annual Premium$ 121
AllstateMoneyGeek Score84Annual Premium$ 115
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 88
FarmersMoneyGeek Score70Annual Premium$ 179
ChubbMoneyGeek Score61Annual Premium$ 260

Cheapest Renters Insurance in Costa Mesa, CA

Capital Insurance Group offers the cheapest renters insurance in Costa Mesa, California. Its policy with $20,000 in personal property coverage costs an average annual premium of $88. The following providers are the top two cheapest in Costa Mesa for $20,000 in personal property coverage and a $1,000 deductible, with minimal consideration for customer service by MoneyGeek.

  • Capital Insurance Group: $88 per year
  • Nationwide: $104 per year

Personal property coverage helps protect your belongings against damage or theft. Cheap renters insurance policies often have low personal property coverage limits. Higher personal property coverage limits can lead to higher monthly costs but provide better protection if you have many belongings.

Cheapest Renters Insurance in Costa Mesa, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
NationwideMoneyGeek Score93Annual Premium$ 104
Capital Insurance GroupMoneyGeek Score89Annual Premium$ 88
TravelersMoneyGeek Score89Annual Premium$ 124
State FarmMoneyGeek Score88Annual Premium$ 121
AllstateMoneyGeek Score87Annual Premium$ 115
FarmersMoneyGeek Score67Annual Premium$ 179
ChubbMoneyGeek Score49Annual Premium$ 260

Cheapest Renters Insurance With a High Deductible in Costa Mesa, CA

In Costa Mesa, California, Capital Insurance Group offers the cheapest renters insurance for a policy with $20,000 in personal property coverage and a $2,000 deductible, at an average annual premium of $69. The following are the top two cheapest providers in Costa Mesa for $20,000 in personal property coverage and a $2,000 deductible:

  • Capital Insurance Group: $69 per year
  • Nationwide: $82 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. This balance can help you manage your finances effectively if an unexpected event occurs.

Cheapest High Deductible Renters Insurance in Costa Mesa, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
Deductible:
Deductible:$ 2,000
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 69
NationwideMoneyGeek Score94Annual Premium$ 82
TravelersMoneyGeek Score91Annual Premium$ 101
AllstateMoneyGeek Score80Annual Premium$ 115
State FarmMoneyGeek Score84Annual Premium$ 119
FarmersMoneyGeek Score67Annual Premium$ 175
ChubbMoneyGeek Score61Annual Premium$ 240
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HOW TO SET YOUR DEDUCTIBLE

Make sure the deductible is an amount you can comfortably pay out of pocket if you need to file a claim. Opting for a higher deductible can lower your premium, resulting in overall cost savings while providing adequate coverage.

Best Renters Insurance for Customer Service in Costa Mesa, CA

In Costa Mesa, California, Travelers is the best renters insurance company for service quality, with an average annual premium of $124. The following providers are the top two best in Costa Mesa for a policy with $20,000 in personal property coverage, focusing on excellent customer service:

  • Travelers: MoneyGeek score of 96 out of 100 ($124 per year)
  • Nationwide: MoneyGeek score of 95 out of 100 ($104 per year)

Great customer service is important for renters because it ensures a smooth and supportive experience when dealing with claims. For example, when you make a claim, a company with excellent customer service will efficiently guide you through the process, making it less stressful. MoneyGeek scores renters insurance providers based on customer satisfaction from J.D. Power surveys, which measure how happy customers are with their insurance experience.

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

Overview

Travelers ranks first in customer satisfaction and coverage in Costa Mesa, California. It is the most affordable option, with an average annual premium of $124. Travelers offers contents replacement cost coverage, which ensures your personal property is replaced at its current value without depreciation. This means if your belongings are damaged or stolen, you can replace them with new items. Its valuable items insurance provides extra protection for high-value items like jewelry and fine art without needing an appraisal or listing.

Best Renters Insurance for Service Quality in Costa Mesa, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
TravelersMoneyGeek Score96Annual Premium$ 124
NationwideMoneyGeek Score95Annual Premium$ 104
ChubbMoneyGeek Score93Annual Premium$ 260
State FarmMoneyGeek Score86Annual Premium$ 121
AllstateMoneyGeek Score77Annual Premium$ 115
FarmersMoneyGeek Score77Annual Premium$ 179
Capital Insurance GroupMoneyGeek Score61Annual Premium$ 88

Best Renters Insurance for High Personal Property Limits in Costa Mesa, CA

For renters in Costa Mesa, California, needing high personal property coverage, State Farm offers the best option with an average annual premium of $239 for a policy with $100,000 coverage. For $100K in personal property coverage, the top two best providers in Costa Mesa are:

  • State Farm: MoneyGeek score of 95 out of 100 ($239 per year)
  • Travelers: MoneyGeek score of 93 out of 100 ($322 per year)

Renters with a significant number of belongings often require higher personal property coverage. This coverage ensures that a renter's valuable belongings are protected up to a substantial amount. It safeguards items like furniture, electronics and clothing against risks such as theft or damage.

While higher coverage levels typically result in higher premiums, it's vital to find a provider that offers both reasonable costs and excellent service. Note that high-value items such as jewelry or art may exceed standard coverage limits and could necessitate additional coverage.

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

Overview

State Farm ranks first in affordability and customer satisfaction for expensive homes in Costa Mesa, with an average annual premium of $239. It offers cyber event/ ID theft coverage, which helps restore your identity if compromised. Earthquake coverage protects your home from seismic damage, a crucial benefit for California residents.

Best Renters Insurance for High Personal Property Limits in Costa Mesa, CA
State FarmMoneyGeek Score95Annual Premium$ 239
TravelersMoneyGeek Score93Annual Premium$ 322
NationwideMoneyGeek Score92Annual Premium$ 313
AllstateMoneyGeek Score83Annual Premium$ 352
Capital Insurance GroupMoneyGeek Score80Annual Premium$ 271
FarmersMoneyGeek Score74Annual Premium$ 478
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 Costa Mesa, CA

In Costa Mesa, USAA ranks first with an average annual premium of $110. This company caters exclusively to those with military backgrounds. The following are the top two best providers of military renters insurance in Costa Mesa for a policy with $20,000 in personal property coverage:

  • USAA: MoneyGeek score of 100 out of 100 ($110 per year)
  • Nationwide: MoneyGeek score of 93 out of 100 ($104 per year)

USAA offers various products tailored to those with a military background, offering discounts and coverages that suit the military lifestyle. 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 is the premier renters insurance provider for those with a military background in Costa Mesa, leading in customer satisfaction and coverage. With an annual premium of approximately $110, USAA demonstrates its commitment to affordability and quality service. Its notable coverages include contents replacement cost and worldwide personal property, which cater specifically to the needs of military renters. These coverages ensure that personal belongings are protected at home or abroad, offering financial security in the event of loss or damage.

Best Renters Insurance for Military in Costa Mesa, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
USAAMoneyGeek Score100Annual Premium$ 110
NationwideMoneyGeek Score93Annual Premium$ 104
TravelersMoneyGeek Score90Annual Premium$ 124
State FarmMoneyGeek Score88Annual Premium$ 121
AllstateMoneyGeek Score84Annual Premium$ 115
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 88
FarmersMoneyGeek Score70Annual Premium$ 179
ChubbMoneyGeek Score61Annual Premium$ 260

Average Cost of Renters Insurance in Costa Mesa, CA

The average cost of renters insurance in Costa Mesa, California, is $142 annually or $12 monthly. This rate is slightly cheaper than the California state average of $148 and the national average of $145. These rates are based on a renters insurance policy with $20,000 in personal property limits, $100,000 in liability limits and a $1,000 deductible.

Remember that the average cost of renters insurance in Costa Mesa may vary greatly depending on the amount of personal property coverage you purchase. Personal property coverage protects your belongings in case of theft, damage or loss. Use the calculator below to see how much coverage you need 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 Costa Mesa

Various factors can influence renters insurance costs in Costa Mesa, California. For example, the location of your rental property and the amount of coverage you need can significantly impact your premiums. Understanding these factors is crucial when selecting your policy, as it helps you make informed decisions and avoid unnecessary expenses.

  • Location: The neighborhood's risk of theft or natural disasters can increase or decrease your premiums.
  • Coverage Amount: Higher coverage amounts result in higher premiums because they provide more protection.
  • Deductible: A higher deductible can lower your premium, but it means more out-of-pocket expenses in case of a claim.
  • Personal Property Value: Insuring valuable items will increase your premium since it raises the potential payout.
  • Claims History: A history of frequent claims can lead to higher premiums as it indicates a higher risk to insurers.

What Renters Insurance Covers in Costa Mesa, CA

Renters insurance covers personal property, liability and additional living expenses. It protects against theft, fire and certain natural disasters. Purchasing renters insurance is important because it provides financial protection in case of unexpected events. Here’s what renters insurance typically covers:

  • Personal Property Coverage: This covers your belongings against risks like fire, theft and vandalism. For example, if a wildfire damages your apartment in California, your furniture and electronics would be covered.
  • Personal Liability Coverage: This protects you if someone is injured in your rental and you are found liable. For instance, if a guest slips and falls in your California apartment, this coverage can help with their medical expenses.
  • Loss of Use Coverage: This helps pay for additional living expenses if your rental becomes uninhabitable. If an earthquake renders your California apartment unlivable, loss of use coverage can cover hotel stays and meals.
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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 Costa Mesa

Renters insurance in Costa Mesa does not cover everything. For instance, it typically excludes flood and earthquake damages. Here are some common exclusions:

  • Flood Damage: Renters insurance does not cover damage caused by flooding.
  • Earthquake Damage: Damage from earthquakes is not included in standard renters insurance.

FAQ: Renters Insurance in Costa Mesa, CA

The best renters insurance provider for you in Costa Mesa, California, ultimately depends on your needs. We address some frequently asked questions to help you make an informed decision.

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