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


Updated: September 13, 2024

Advertising & Editorial Disclosure

The best renters insurance company in Fremont, California, is Nationwide, with a MoneyGeek score of 89 and an annual premium of $116. The cheapest renters insurance provider is Capital Insurance Group with a MoneyGeek score of 89 and an annual premium of $77.

The best homeowners insurance provider should offer a balance of customer service with affordability. Depending on your needs, Travelers may be best for service quality with an annual premium of $125. MoneyGeek also looked into the best and cheapest renters insurance in California for those who live elsewhere in the state.

MoneyGeek Logo IconBest & CheapestRentersFremont, CA
2024

Table of Contents

Why Trust MoneyGeek? To determine the top renters insurance in Fremont, we utilized information from the California Department of Insurance and Quadrant Information Services.

recency icon

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

768Quotes Analyzed
 
8Providers Analyzed
 
2ZIP Codes

Overall Best Renters Insurance in Fremont, CA

The best renters insurance in Fremont, California, is Nationwide with a MoneyGeek score of 89 out of 100 and an annual premium of $116. The following providers are the top two best renters insurance providers in Fremont for a policy with $20,000 in personal property coverage, $100,000 in personal liability, and a $1,000 deductible.

  • Nationwide: MoneyGeek score of 89 out of 100 ($116 per year)
  • Travelers: MoneyGeek score of 89 out of 100 ($125 per year)

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

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

Overview

Nationwide ranks 1st in Coverage in Fremont, California, with an annual premium of $116. Nationwide offers credit card forgery and theft from vehicles coverages. Credit card forgery coverage protects against unauthorized transactions on credit cards and bank debit/ATM cards. Theft from vehicles coverage provides protection for personal belongings stored in or on any motor vehicle.

Best Renters Insurance in Fremont, California
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
NationwideMoneyGeek Score89Annual Premium$ 116
TravelersMoneyGeek Score89Annual Premium$ 125
State FarmMoneyGeek Score86Annual Premium$ 121
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 77
AllstateMoneyGeek Score78Annual Premium$ 139
FarmersMoneyGeek Score73Annual Premium$ 159
ChubbMoneyGeek Score61Annual Premium$ 259

Cheapest Renters Insurance in Fremont, CA

In Fremont, California, the company offering the cheapest renters insurance is Capital Insurance Group with an annual premium of $77 for $20,000 in personal property coverage. Personal property coverage protects your belongings from theft, fire, and other covered perils. The following providers are the top two cheapest providers in Fremont for $20,000 in personal property coverage and a $1,000 deductible, and MoneyGeek rated the cheapest renters insurance in Fremont with minimal consideration for customer service.

  • Capital Insurance Group: $77 per year
  • Nationwide: $116 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 for your belongings.

Cheapest Renters Insurance in Fremont, California
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
Capital Insurance GroupMoneyGeek Score89Annual Premium$ 77
NationwideMoneyGeek Score87Annual Premium$ 116
TravelersMoneyGeek Score86Annual Premium$ 125
State FarmMoneyGeek Score85Annual Premium$ 121
AllstateMoneyGeek Score77Annual Premium$ 139
FarmersMoneyGeek Score71Annual Premium$ 159
ChubbMoneyGeek Score49Annual Premium$ 259

Cheapest Renters Insurance With a High Deductible Fremont, CA

In Fremont, California, the company offering the cheapest renters insurance for a policy with $20,000 in personal property coverage and a $2,000 deductible is Capital Insurance Group with an annual premium of $60. A deductible is the amount you pay out of pocket before your insurance covers the rest, and it can affect your rates. The following providers are the top two cheapest providers in Fremont for $20,000 in personal property coverage and a $2,000 deductible:

  • Capital Insurance Group: $60 per year
  • Nationwide: $92 per year

A higher deductible often leads to cheaper premiums, while a lower deductible means higher premiums. It's important to balance both based on your financial situation and the likelihood of needing to file a claim. This balance ensures you are not overpaying for coverage while still being protected.

Cheapest High Deductible Renters Insurance in Fremont, California
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
Deductible:
Deductible:$ 2,000
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 60
NationwideMoneyGeek Score90Annual Premium$ 92
TravelersMoneyGeek Score90Annual Premium$ 101
State FarmMoneyGeek Score83Annual Premium$ 119
AllstateMoneyGeek Score74Annual Premium$ 139
FarmersMoneyGeek Score70Annual Premium$ 156
ChubbMoneyGeek Score61Annual Premium$ 239
mglogo icon
HOW TO SET YOUR DEDUCTIBLE

When selecting a deductible, make sure it's an amount you can comfortably cover out-of-pocket if you need to file a claim. Choosing a higher deductible can lower your premiums, leading to overall cost savings while still providing adequate coverage.

Best Renters Insurance for Customer Service in Fremont, CA

In Fremont, California, Travelers offers the best renters insurance for service quality with an annual premium of $125. For those who value great customer service without considering affordability, the top two providers in Fremont, California, for a policy with $20,000 in personal property coverage are:

  • Travelers: MoneyGeek score of 96 out of 100 ($125 per year)
  • Nationwide: MoneyGeek score of 95 out of 100 ($116 per year)

Great customer service is important when filing a claim. When you make a claim, quick and helpful service can make a stressful situation much easier to handle.

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

Overview

Travelers ranks first in customer satisfaction and coverage in Fremont, California, with an annual premium of $125. 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.

It also offers scheduled personal property coverage, which 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 For Service Quality in Fremont, California
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
TravelersMoneyGeek Score96Annual Premium$ 125
NationwideMoneyGeek Score95Annual Premium$ 116
ChubbMoneyGeek Score93Annual Premium$ 259
State FarmMoneyGeek Score86Annual Premium$ 121
AllstateMoneyGeek Score77Annual Premium$ 139
FarmersMoneyGeek Score77Annual Premium$ 159
Capital Insurance GroupMoneyGeek Score61Annual Premium$ 77

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

For renters in Fremont, California needing substantial personal property coverage, State Farm is the standout choice with an annual premium of $253 for $100,000 in coverage. For $100K in personal property coverage, the following providers are the top two best providers in Fremont:

  • State Farm: MoneyGeek score of 94 out of 100 ($253 per year)
  • Travelers: MoneyGeek score of 94 out of 100 ($300 per year)

Renters with a significant number of belongings often require higher personal property coverage. This coverage safeguards the renter's assets against potential loss or damage. As coverage limits increase, so does the premium, making it vital to find a provider that delivers both reasonable costs and exceptional service. High-value items like jewelry or art typically aren't covered under standard policies and may necessitate additional coverage.

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

Overview

State Farm ranks first in affordability and customer satisfaction for expensive homes in Fremont, California, with an annual premium of $253. State Farm provides cyber event / ID theft coverage, which helps renters restore their identity in case of cyber events or fraud.

This coverage can save renters from significant financial and emotional stress. Additionally, the company provides earthquake damage coverage, essential for California residents, protecting homes from seismic activities.

Best Renters Insurance for High Personal Property Limits in Fremont, California
State FarmMoneyGeek Score94Annual Premium$ 253
TravelersMoneyGeek Score94Annual Premium$ 300
NationwideMoneyGeek Score89Annual Premium$ 356
FarmersMoneyGeek Score84Annual Premium$ 329
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 237
AllstateMoneyGeek Score77Annual Premium$ 429
ChubbMoneyGeek Score61Annual Premium$ 790
mglogo icon
SCHEDULED PERSONAL PROPERTY COVERAGE

If you own high-value items like jewelry or art, additional coverage is necessary as standard policies typically do not cover them. Choose a provider that offers scheduled personal property coverage to ensure these valuables are protected.

Best Renters Insurance for Military Families in Fremont, CA

In Fremont, USAA is the top-ranked renters insurance company for those with military backgrounds. USAA is exclusively for military members and offers a range of products tailored to their unique needs. The following providers are the top two best providers in Fremont for veterans for a policy with $20,000 in personal property coverage.

  • USAA: MoneyGeek score of 100 out of 100 ($336 per year)
  • Nationwide: MoneyGeek score of 89 out of 100 ($116 per year)

USAA offers a range of products tailored for those with a military background, including discounts and coverages that suit the military lifestyle. USAA is the cheapest in Fremont for military members, making it a great option for affordability and specialized coverage.

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 Fremont, leading in customer satisfaction and offering the most comprehensive coverage at an annual premium of $336. Its policies are tailored to meet the unique needs of service members and their families, ensuring peace of mind at home and abroad.

Among their uncommon discounts, contents replacement cost ensures that in the event of a loss, you'll receive enough to replace your items with new ones, not just the depreciated value. Additionally, the reasonably rare worldwide personal property coverage protects your belongings wherever your service takes you, providing a global safety net.

Best Renters Insurance for Military in Fremont, California
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
USAAMoneyGeek Score100Annual Premium$ 336
NationwideMoneyGeek Score89Annual Premium$ 116
TravelersMoneyGeek Score89Annual Premium$ 125
State FarmMoneyGeek Score86Annual Premium$ 121
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 77
AllstateMoneyGeek Score78Annual Premium$ 139
FarmersMoneyGeek Score73Annual Premium$ 159
ChubbMoneyGeek Score61Annual Premium$ 259

Average Cost of Renters Insurance in Fremont, CA

The average cost of renters insurance in Fremont, California, is $142 annually, or $12 monthly. This is lower than the average cost of renters insurance in California at $148 annually and the national average of $145 annually. 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 remember that the average cost of renters insurance in Fremont 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.

shirt icon

clothing & accessories

Clothes, shoes, bags, belts, hats, gloves, etc.

$
$
$
$
$
$

Factors That Impact Renters Insurance Costs in Fremont

The cost of renters insurance in Austin, Texas, 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 Fremont, CA

Renters insurance covers personal belongings, liability, and additional living expenses. It protects you from financial losses due to theft, damage, or accidents. Purchasing renters insurance ensures that you are not left with hefty bills in case of unexpected events.

  • 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.
mglogo icon
COMMONLY COVERED PERILS

Renters insurance only covers specific situations like fire and theft. It’s important to understand what circumstances are covered to avoid unexpected expenses. Below are common situations covered by renters insurance:

  • Fire
  • Storms
  • Theft
  • Vandalism
  • Water damage
  • Liability
  • Loss of use

What Renters Insurance Does Not Cover in Fremont

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 Fremont, CA

The best renters insurance provider for you in Fremont ultimately depends on your needs. Below are frequently asked questions to help you make an informed decision.

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