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


Updated: September 13, 2024

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Nationwide is the best renters insurance company in Escondido, California, with a MoneyGeek score of 92 and an average annual premium of $103. Capital Insurance Group is the cheapest renters insurance provider in Escondido, with a MoneyGeek score of 89 and an annual premium of around $77. 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, other providers may be best. Travelers is the best for service quality, with an average annual premium of $132. MoneyGeek also looked into the best and cheapest renters insurance in California for those who live elsewhere in the state.

MoneyGeek Logo IconBest & CheapestRentersEscondido, CA
2024

Table of Contents

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

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

768Quotes Analyzed
 
8Providers Analyzed
 
2ZIP Codes

Overall Best Renters Insurance in Escondido, CA

Nationwide is the best renters insurance provider in Escondido, California, with a MoneyGeek score of 92 out of 100 and an average annual premium of $103. These are the top two best renters insurance providers in Escondido for a policy with $20,000 in personal property coverage, $100,000 in personal liability and a $1,000 deductible.

  • Nationwide: MoneyGeek score of 92 out of 100 ($103 per year)
  • Travelers: MoneyGeek score of 88 out of 100 ($132 per year)

Nationwide balances cost and affordability, with an affordability score of 50 out of 55 and a customer satisfaction score of 28 out of 30.

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

Overview

Nationwide ranks first in coverage in Escondido, California, with an average annual premium of $103. It offers credit card forgery and theft from vehicles coverages. Credit card forgery covers unauthorized transactions on your credit cards and bank debit/ATM cards, protecting you from financial loss. Theft from vehicles extends protection for your personal belongings stored in or on any motor vehicle, trailer or watercraft, ensuring your valuables are covered even when you're on the go.

Best Renters Insurance in Escondido, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
NationwideMoneyGeek Score92Annual Premium$ 103
TravelersMoneyGeek Score88Annual Premium$ 132
State FarmMoneyGeek Score87Annual Premium$ 121
AllstateMoneyGeek Score86Annual Premium$ 102
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 77
FarmersMoneyGeek Score73Annual Premium$ 168
ChubbMoneyGeek Score61Annual Premium$ 277

Cheapest Renters Insurance in Escondido, CA

In Escondido, California, Capital Insurance Group offers the cheapest renters insurance, with an average annual premium of $77 for $20,000 in personal property coverage. These are the top two cheapest providers in Escondido for $20,000 in personal property coverage and a $1,000 deductible, with MoneyGeek rating the cheapest renters insurance in Escondido with minimal consideration for customer service:

  • Capital Insurance Group: $77 per year
  • Allstate: $102 per year

Personal property coverage protects your belongings from theft, damage or loss. Cheap renters insurance policies often have low personal property coverage limits. Higher coverage limits can increase your monthly costs but provide better protection if you have many personal belongings.

Cheapest Renters Insurance in Escondido, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
NationwideMoneyGeek Score91Annual Premium$ 103
Capital Insurance GroupMoneyGeek Score89Annual Premium$ 77
AllstateMoneyGeek Score88Annual Premium$ 102
State FarmMoneyGeek Score87Annual Premium$ 121
TravelersMoneyGeek Score85Annual Premium$ 132
FarmersMoneyGeek Score70Annual Premium$ 168
ChubbMoneyGeek Score49Annual Premium$ 277

Cheapest Renters Insurance With a High Deductible in Escondido, CA

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

  • Capital Insurance Group: $60 per year
  • Nationwide: $81 per year

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

Cheapest High Deductible Renters Insurance in Escondido, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
Deductible:
Deductible:$ 2,000
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 60
NationwideMoneyGeek Score93Annual Premium$ 81
AllstateMoneyGeek Score82Annual Premium$ 102
TravelersMoneyGeek Score89Annual Premium$ 107
State FarmMoneyGeek Score84Annual Premium$ 119
FarmersMoneyGeek Score70Annual Premium$ 165
ChubbMoneyGeek Score61Annual Premium$ 257
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HOW TO SET YOUR DEDUCTIBLE

When selecting a deductible for your renters insurance, choose an amount you can comfortably pay out of pocket if you need to file a claim. Opting for a higher deductible can lower your annual premium, leading to overall cost savings while providing adequate coverage.

Best Renters Insurance for Customer Service in Escondido, CA

In Escondido, California, Travelers offers the best renters insurance for service quality, with an average annual premium of $132. The following providers are the top two in Escondido for a policy with $20,000 in personal property coverage, emphasizing excellent customer service over affordability.

  • Travelers: MoneyGeek score of 96 out of 100 ($132 per year)
  • Nationwide: MoneyGeek score of 95 out of 100 ($103 per year)

Excellent customer service is vital for renters looking for insurance. When you make a claim, excellent customer service ensures you quickly get the help you need, making the process smoother and less stressful. MoneyGeek scores renters insurance providers based on J.D. Power surveys, which measure customer satisfaction for renters insurance.

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

Overview

Travelers ranks first in customer satisfaction and coverage in Escondido, California, with an average annual premium of $132. It offers contents replacement cost and valuable items insurance. Contents replacement cost covers personal property losses based on replacement cost at the time of loss, with no depreciation deduction. Valuable items insurance protects special property like jewelry and fine art, allowing higher coverage limits without requiring appraisals. These coverages ensure renters can replace their belongings without financial strain.

Best Renters Insurance for Service Quality in Escondido, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
TravelersMoneyGeek Score96Annual Premium$ 132
NationwideMoneyGeek Score95Annual Premium$ 103
ChubbMoneyGeek Score93Annual Premium$ 277
State FarmMoneyGeek Score86Annual Premium$ 121
AllstateMoneyGeek Score77Annual Premium$ 102
FarmersMoneyGeek Score77Annual Premium$ 168
Capital Insurance GroupMoneyGeek Score61Annual Premium$ 77

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

Nationwide offers the best renters insurance for high personal property coverage in Escondido, California, with an average annual premium of $307 for a policy with $100,000 in personal property coverage. For $100K in personal property coverage, the following providers are the top two best in Escondido:

  • Nationwide: MoneyGeek score of 93 out of 100 ($307 per year)
  • State Farm: MoneyGeek score of 92 out of 100 ($291 per year)

Renters who own a lot of belongings often need higher personal property coverage, which compensates for losses to personal items like furniture, electronics and clothing. High personal property coverage ensures that renters have sufficient protection for their belongings, typically up to a specified limit like $100,000.

This coverage usually comes at a higher cost, making it important to find a provider that offers a good balance of cost and service. High-value items such as jewelry or art may exceed standard coverage limits and could require additional coverage to fully protect their value.

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

Overview

Nationwide ranks first in Escondido for expensive homes, offering an affordable annual premium of around $307. Renters benefit from coverages like credit card forgery, which protects against unauthorized transactions. The company also offers theft from vehicles coverage, which extends protection to personal belongings in vehicles.

Best Renters Insurance for High Personal Property Limits in Escondido, CA
NationwideMoneyGeek Score93Annual Premium$ 307
State FarmMoneyGeek Score92Annual Premium$ 291
TravelersMoneyGeek Score92Annual Premium$ 342
AllstateMoneyGeek Score86Annual Premium$ 310
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 238
FarmersMoneyGeek Score78Annual Premium$ 435
ChubbMoneyGeek Score61Annual Premium$ 872
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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 Escondido, CA

USAA is the top-ranked renters insurance company for those with military backgrounds in Escondido, with an average annual premium of $82. These are the top two best providers for military members in Escondido for a policy with $20,000 in personal property coverage:

  • USAA: MoneyGeek score of 100 out of 100 ($82 per year)
  • Nationwide: MoneyGeek score of 92 out of 100 ($103 per year)

USAA offers various products tailored to those with a military background, providing discounts and coverages that suit the military lifestyle. It is the second most affordable option for military members in Escondido.

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 Escondido, leading in customer satisfaction and offering the best coverages. It's accessible and comprehensive, with an average annual premium of $82. USAA's contents replacement cost coverage ensures that policyholders can replace their belongings with new items in the event of theft or damage. The worldwide personal property coverage is invaluable for military members who may be deployed, extending protection for their possessions globally. These offerings underscore USAA's commitment to serving the unique needs of the military community.

Best Renters Insurance for Military in Escondido, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
USAAMoneyGeek Score100Annual Premium$ 82
NationwideMoneyGeek Score92Annual Premium$ 103
TravelersMoneyGeek Score88Annual Premium$ 132
State FarmMoneyGeek Score87Annual Premium$ 121
AllstateMoneyGeek Score86Annual Premium$ 102
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 77
FarmersMoneyGeek Score73Annual Premium$ 168
ChubbMoneyGeek Score61Annual Premium$ 277

Average Cost of Renters Insurance in Escondido, CA

The average cost of renters insurance in Escondido, California, is $140 annually or $12 monthly. This rate is lower 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.

Renters should note that the average cost of renters insurance in Escondido 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 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 Escondido

Renters insurance costs in Escondido, California, can be influenced by multiple factors. For example, the location of your rental can affect premiums due to varying crime rates and natural disaster risks. The value of your personal belongings can also impact the overall cost of your policy. Understanding what drives these costs is essential when searching for the right renters insurance policy. It helps you make informed decisions and avoid unexpected expenses. Below are some key factors that affect renters insurance costs:

  • Location: Areas with higher crime rates or natural disaster risks tend to have higher premiums. Insurers charge more to cover the increased risk.
  • Value of Personal Belongings: Higher-value items increase the cost of insurance. Insurers need to cover the potential loss or damage.
  • Coverage Amount: More extensive coverage options lead to higher premiums, ensuring all your possessions are adequately protected.
  • Deductible: A higher deductible can lower your premium. However, you will pay more out of pocket in the event of a claim.
  • Credit Score: A good credit score can lower your insurance costs. Insurers view those with higher credit scores as less risky.

What Renters Insurance Covers in Escondido, CA

Renters insurance covers personal belongings, liability and additional living expenses. It protects against theft, fire and certain natural disasters. Purchasing renters insurance provides financial security, safeguards your assets and helps you avoid potential financial burdens. Below are the specific coverages included in renters insurance:

  • Personal Property Coverage: This covers the cost of replacing your personal items if they are damaged or stolen. For example, if a fire in your California apartment destroys your electronics, this coverage would help you replace them.
  • Personal Liability Coverage: This provides financial protection if you are held liable for injury to someone else or damage to their property. For instance, if a guest slips and falls in your California rental, this coverage could help pay for their medical expenses.
  • Loss of Use Coverage: This covers additional living expenses if your rental becomes uninhabitable due to a covered event. For example, if an earthquake in California makes your apartment unlivable, loss of use coverage would help pay for temporary housing and related costs.
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COMMONLY COVERED PERILS

Renters insurance only covers specific circumstances, such as fire and theft. It's important to understand what is covered to avoid unexpected costs. Below are situations typically covered by renters insurance:

  • Fire
  • Theft
  • Vandalism
  • Water damage (excluding floods)
  • Smoke damage
  • Windstorms
  • Explosions

What Renters Insurance Does Not Cover in Escondido

Renters insurance in Escondido does not cover everything. For example, it typically does not cover flood damage or high-value items beyond policy limits. Here are some common exclusions you should be aware of:

  • Flood Damage: Most renters insurance policies do not cover damages caused by floods.
  • High-Value Items: Items like expensive jewelry or electronics may not be fully covered beyond certain limits.
  • Earthquakes: Damage from earthquakes is generally not covered.
  • Pest Infestations: Damage caused by pests such as rodents or insects is typically excluded.
  • Intentional Damage: Any damage you cause intentionally is not covered by renters insurance.

FAQ: Renters Insurance in Escondido, CA

The best renters insurance provider in Escondido, California, depends on your unique needs. We answered the frequently asked questions to help you make an informed decision.

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