Best and Cheapest Renters Insurance in Daly City, CA (Sept 2024)


Updated: September 13, 2024

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The best renters insurance company in Daly City, California, is Travelers with a MoneyGeek score of 86 and an annual premium of $126. The cheapest renters insurance provider in Daly City, California, 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 instance, State Farm is the best for those with expensive personal property with an annual premium of $190.
MoneyGeek also looked into the best and cheapest renters insurance in California for those who live elsewhere in the state.

MoneyGeek Logo IconBest & CheapestRentersDaly City, CA
2024

Table of Contents

Why Trust MoneyGeek? MoneyGeek's analysis of renters insurance in Daly City, California, is based on thorough data from the California Department of Insurance and Quadrant Information Services, ensuring you get the most reliable recommendations.

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

768Quotes Analyzed
 
8Providers Analyzed
 
2ZIP Codes

Overall Best Renters Insurance in Daly City, CA

The best renters insurance in Daly City, California, is Travelers with a MoneyGeek score of 86 out of 100 and an annual premium of $126. The following providers are the top two best renters insurance providers in Daly City for a policy with $20,000 in personal property coverage, $100,000 in personal liability, and a $1,000 deductible.

  • Travelers: MoneyGeek score of 86 out of 100 ($126 per year)
  • Nationwide: MoneyGeek score of 86 out of 100 ($121 per year)

The best provider in the state balances both cost and affordability.

Company logo for Travelers
Best OverallTravelers
MoneyGeek Score:
86/ of 100

Overview

Travelers ranks first in coverage in Daly City, California, with an annual premium of $126. Travelers offers contents replacement cost coverage, which reimburses you for the full replacement cost of your belongings without depreciation. This means if your items are damaged or stolen, you can replace them at current market value.

Its scheduled personal property coverage protects high-value items like jewelry and fine art from a wide range of losses. This coverage allows you to add higher limits to your policy without needing appraisals or item listings.

Best Renters Insurance in Daly City, California
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
TravelersMoneyGeek Score86Annual Premium$ 126
NationwideMoneyGeek Score86Annual Premium$ 121
State FarmMoneyGeek Score84Annual Premium$ 121
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 68
AllstateMoneyGeek Score81Annual Premium$ 111
FarmersMoneyGeek Score71Annual Premium$ 159
ChubbMoneyGeek Score61Annual Premium$ 247

Cheapest Renters Insurance in Daly City, CA

In Daly City, California, Capital Insurance Group offers the cheapest renters insurance with an annual premium of $68 for $20,000 in personal property coverage. The following providers are the top two cheapest providers in Daly City for $20,000 in personal property coverage and a $1,000 deductible, with MoneyGeek rating the cheapest renters insurance in Daly City with minimal consideration for customer service.

  • Capital Insurance Group: $68 per year
  • Allstate: $111 per year

Cheap renters insurance policies often come with low personal property coverage limits. Opting for higher coverage limits can increase your monthly costs but provides better protection if you own a lot of personal belongings. Personal property coverage helps protect your belongings, such as furniture, electronics, and clothing, against theft, damage, or loss.

Cheapest Renters Insurance in Daly City, California
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
Capital Insurance GroupMoneyGeek Score89Annual Premium$ 68
TravelersMoneyGeek Score83Annual Premium$ 126
State FarmMoneyGeek Score83Annual Premium$ 121
NationwideMoneyGeek Score83Annual Premium$ 121
AllstateMoneyGeek Score82Annual Premium$ 111
FarmersMoneyGeek Score68Annual Premium$ 159
ChubbMoneyGeek Score49Annual Premium$ 247

Cheapest Renters Insurance With a High Deductible Daly City, CA

In Daly City, 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 following providers are the top two cheapest providers in Daly City for $20,000 in personal property coverage and a $2,000 deductible:

  • Capital Insurance Group: $53 per year
  • Nationwide: $96 per year

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 deductible if you need to file a claim.

Cheapest High Deductible Renters Insurance in Daly City, California
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
Deductible:
Deductible:$ 2,000
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 53
NationwideMoneyGeek Score88Annual Premium$ 96
TravelersMoneyGeek Score88Annual Premium$ 102
AllstateMoneyGeek Score78Annual Premium$ 111
State FarmMoneyGeek Score81Annual Premium$ 119
FarmersMoneyGeek Score68Annual Premium$ 156
ChubbMoneyGeek Score61Annual Premium$ 229
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HOW TO SET YOUR DEDUCTIBLE

Ensure that the deductible amount is something you can easily pay out-of-pocket if you need to make a claim. Opting for a higher deductible can reduce your monthly premium, leading to overall savings while still providing adequate coverage.

Best Renters Insurance for Customer Service in Daly City, CA

In Daly City, California, Travelers is the best renters insurance company for service quality, with an annual premium of $126. The following providers are the top two best providers in Daly City, California, 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 ($126 per year)
  • Nationwide: MoneyGeek score of 95 out of 100 ($121 per year)

Great customer service is important for renters looking for insurance because it ensures a smooth and supportive experience during claims. For example, when you make a claim, a provider with excellent customer service will guide you through the process efficiently, making it less stressful. MoneyGeek scores renters insurance providers and customer satisfaction based on J.D. Power surveys, which measure overall customer satisfaction in the context of renters insurance.

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

Overview

In Daly City, California, Travelers ranks first in customer satisfaction and coverage, making it the top choice for renters. With an annual premium of $126, it is the cheapest provider in the area.
Travelers offers contents replacement cost and valuable items insurance. Contents replacement cost covers the replacement cost of personal property without depreciation, ensuring renters can replace lost items at current market value.

It also offers valuable items insurance, which provides additional protection for high-value items like jewelry and fine art, without requiring appraisals or item listings. These coverages offer peace of mind and financial protection for renters.

Best Renters Insurance For Service Quality in Daly City, California
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
TravelersMoneyGeek Score96Annual Premium$ 126
NationwideMoneyGeek Score95Annual Premium$ 121
ChubbMoneyGeek Score93Annual Premium$ 247
State FarmMoneyGeek Score86Annual Premium$ 121
AllstateMoneyGeek Score77Annual Premium$ 111
FarmersMoneyGeek Score77Annual Premium$ 159
Capital Insurance GroupMoneyGeek Score61Annual Premium$ 68

Best Renters Insurance for High Personal Property Limits in Daly City, CA

For renters in Daly City, CA needing substantial personal property coverage, State Farm stands out with an annual premium of $190 for a policy with $100,000 in personal property coverage. High personal property coverage ensures your belongings are protected up to a high value limit, which is essential for renters with significant assets. For $100K in personal property coverage, the following providers are the top two best providers in Daly City:

  • State Farm: MoneyGeek score of 95 out of 100 ($190 per year)
  • Travelers: MoneyGeek score of 91 out of 100 ($302 per year)

Renters with extensive belongings often require higher personal property coverage, which safeguards items like furniture, electronics, and clothing against loss or damage. However, more coverage typically means a higher premium. It's vital to choose a provider that offers both affordability and exceptional service, ensuring you get the protection you need without overspending.

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 Daly City, with an annual premium of $190. State Farm offers cyber event/ID theft coverage, which helps restore your identity in case of cyber events or fraud. State Farm also offers earthquake damage coverage, which protects your home and belongings from earthquake-related damages.

Best Renters Insurance for High Personal Property Limits in Daly City, California
State FarmMoneyGeek Score95Annual Premium$ 190
TravelersMoneyGeek Score91Annual Premium$ 302
NationwideMoneyGeek Score84Annual Premium$ 375
FarmersMoneyGeek Score82Annual Premium$ 302
Capital Insurance GroupMoneyGeek Score81Annual Premium$ 208
AllstateMoneyGeek Score80Annual Premium$ 344
ChubbMoneyGeek Score61Annual Premium$ 741
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SCHEDULED PERSONAL PROPERTY COVERAGE

If you own valuables like jewelry or art, you might need extra coverage since standard policies often don't include them. Choose a provider that offers scheduled personal property coverage to protect these items.

Best Renters Insurance for Military Families in Daly City, CA

USAA is the top-ranked renters insurance company in Daly City, exclusively serving those with military backgrounds. The following providers are the top two best providers in Daly City for veterans for a policy with $20,000 in personal property coverage.\n\nThe top two providers in Daly City for military members are:

  • USAA: MoneyGeek score of 100 out of 100 ($190 per year)
  • Travelers: MoneyGeek score of 86 out of 100 ($126 per year)

USAA offers a range of products tailored for those with a military background, providing discounts and coverage options that suit the military lifestyle. It is the cheapest option in Daly City for military members, making it an excellent choice for affordability and specialized coverage.

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

Overview

USAA leads in renters insurance for those with a military background in Daly City, topping the charts in customer satisfaction and offering the most comprehensive coverage at an annual premium of $190. Their policies are tailored to the unique needs of service members and veterans, ensuring peace of mind at home and abroad.

Among their uncommon discounts, are 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 Daly City, California
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
USAAMoneyGeek Score100Annual Premium$ 190
TravelersMoneyGeek Score86Annual Premium$ 126
NationwideMoneyGeek Score86Annual Premium$ 121
State FarmMoneyGeek Score84Annual Premium$ 121
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 68
AllstateMoneyGeek Score81Annual Premium$ 111
FarmersMoneyGeek Score71Annual Premium$ 159
ChubbMoneyGeek Score61Annual Premium$ 247

Average Cost of Renters Insurance in Daly City, CA

The average cost of renters insurance in Daly City, California is $136 annually or $11 monthly, which is lower than the average cost of renters insurance in California at $148 annually. Compared to the national average of $145, Daly City's rate is also cheaper. 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 note that the average cost of renters insurance in Daly City may vary greatly depending on the amount of personal property coverage you purchase. Personal property coverage protects your belongings against 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 Daly City

Various factors can influence the cost of renters insurance in Daly City, California. For example, crime rates and natural disaster risks in the area can significantly impact premiums. Additionally, your coverage amount and deductible choices will also affect the cost. Understanding these elements is crucial when selecting a renters insurance policy, as it can help you find the best value for your needs.

Here are some key factors that affect renters insurance costs:

  • Location: The crime rate and risk of natural disasters in Daly City can increase premiums. Areas with higher risks generally lead to higher insurance costs.
  • Coverage Amount: Higher coverage limits mean higher premiums. More protection comes at a greater cost.
  • Deductible: Lower deductibles result in higher premiums. Opting for a higher deductible can reduce your monthly payments.
  • Credit Score: Poor credit scores can lead to increased premiums. Insurers view lower credit scores as a higher risk.
  • Claims History: Frequent claims can raise insurance costs. A history of claims suggests a higher likelihood of future claims.

What Renters Insurance Covers in Daly City, 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 and peace of mind. It helps cover unexpected costs, ensuring you are not left financially vulnerable.

  • Personal Property Coverage: This coverage protects your belongings like furniture, electronics, and clothing. For example, if a fire damages your apartment in California, your policy would cover the cost to replace your items.
  • Personal Liability Coverage: This provides protection if you are legally responsible for injuries or property damage. For instance, if someone slips and falls in your California rental, your policy could cover their medical bills and legal fees.
  • Loss Of Use Coverage: This covers additional living expenses if your rental becomes uninhabitable. For example, if an earthquake makes your California apartment unsafe, loss of use would cover the cost of temporary housing.
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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 Daly City

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: While personal property stolen from your car may be covered, the theft of the car itself is not.

FAQ: Renters Insurance in Daly City, CA

Choosing the best renters insurance provider in Daly City ultimately depends on your needs. Below are frequently asked questions to help you make an informed decision.

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