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


Updated: September 13, 2024

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The best renters insurance company in Fresno, California, is Travelers, with a MoneyGeek score of 84 and an average annual premium of $150 for $20,000 in personal property coverage. Capital Insurance Group is the cheapest, with a MoneyGeek score of 89 and an average annual premium of $81.

The best homeowners insurance provider should balance customer service with affordability. Depending on your needs, other providers may be best. MoneyGeek also reviewed the best and cheapest renters insurance in California for those who live elsewhere in the state.

MoneyGeek Logo IconBest & CheapestRentersFresno, CA
2024

Table of Contents

Why Trust MoneyGeek? We analyzed information from the California Department of Insurance and Quadrant Information Services to determine the top renters insurance options in Fresno.

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

768Quotes Analyzed
 
8Providers Analyzed
 
3ZIP Codes

Overall Best Renters Insurance in Fresno, CA

The following companies provide the best renters insurance in Fresno for policies with $20,000 in personal property coverage, $100,000 in personal liability coverage and a $1,000 deductible:

  • Travelers: MoneyGeek score of 84 out of 100 ($150 per year)
  • State Farm: MoneyGeek score of 84 out of 100 ($137 per year)

Travelers balances cost with quality service, scoring highly for affordability (41 out of 55) and customer satisfaction (28 out of 30).

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

Overview

In Fresno, Travelers ranks first for coverages and financial stability, with an average annual premium of $150. It offers contents replacement cost, covering personal property losses at replacement cost without deducting for depreciation. Its scheduled personal property coverage financially protects high-value items like jewelry, fine art and musical instruments against various losses, ensuring renters peace of mind.

Best Renters Insurance in Fresno, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
TravelersMoneyGeek Score84Annual Premium$ 150
State FarmMoneyGeek Score84Annual Premium$ 137
NationwideMoneyGeek Score83Annual Premium$ 146
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 81
AllstateMoneyGeek Score81Annual Premium$ 127
FarmersMoneyGeek Score68Annual Premium$ 188
ChubbMoneyGeek Score61Annual Premium$ 260

Cheapest Renters Insurance in Fresno, CA

In Fresno, Capital Insurance Group offers the cheapest renters insurance with an average annual premium of $81 for $20,000 in personal property coverage with a $1,000 deductible.

  • Capital Insurance Group: $81 per year
  • State Farm: $137 per year

Personal property coverage helps replace or repair your belongings if they're damaged, lost or stolen. Cheaper policies often have lower coverage limits, so higher limits may increase your monthly costs but provide better protection for many belongings.

Cheapest Renters Insurance in Fresno, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
Capital Insurance GroupMoneyGeek Score89Annual Premium$ 81
State FarmMoneyGeek Score82Annual Premium$ 137
AllstateMoneyGeek Score81Annual Premium$ 127
TravelersMoneyGeek Score80Annual Premium$ 150
NationwideMoneyGeek Score79Annual Premium$ 146
FarmersMoneyGeek Score63Annual Premium$ 188
ChubbMoneyGeek Score49Annual Premium$ 260

Cheapest Renters Insurance With a High Deductible in Fresno, CA

In Fresno, the following providers are the cheapest for $20,000 in personal property coverage with a $2,000 deductible:

  • Capital Insurance Group: $63 per year
  • Nationwide: $115 per year

A deductible is the amount you pay out of pocket before your insurance covers the rest. Opting for a higher deductible can lower your premium, but choosing an amount you can comfortably pay is crucial if you need to file a claim.

Cheapest High Deductible Renters Insurance in Fresno, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
Deductible:
Deductible:$ 2,000
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 63
NationwideMoneyGeek Score86Annual Premium$ 115
TravelersMoneyGeek Score86Annual Premium$ 121
AllstateMoneyGeek Score77Annual Premium$ 127
State FarmMoneyGeek Score80Annual Premium$ 135
FarmersMoneyGeek Score65Annual Premium$ 184
ChubbMoneyGeek Score61Annual Premium$ 240
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HOW TO SET YOUR DEDUCTIBLE

If you file a claim, choose a deductible amount you can comfortably pay out of pocket. Opting for a higher deductible can lower your premium, leading to overall cost savings while maintaining adequate coverage.

Best Renters Insurance for Customer Service in Fresno, CA

Travelers is the best renters insurance company for service quality in Fresno, with an average annual premium of $150 for $20,000 in personal property coverage.

  • Travelers: MoneyGeek score of 96 out of 100 ($150 per year)
  • Nationwide: MoneyGeek score of 95 out of 100 ($146 per year)

Excellent customer service ensures a smooth experience, especially during claims. A high rating reflects responsive, clear communication and effective support. MoneyGeek evaluates providers based on J.D. Power surveys that assess customer satisfaction with policy offerings, pricing, billing and claims.

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

Overview

Travelers ranks first in Fresno for customer satisfaction and coverages, with an average annual premium of $150. Travelers' contents replacement cost add-on covers personal property losses at full replacement value without deducting for depreciation. Its scheduled personal property coverage offers higher coverage limits for special items like jewelry and fine art without needing appraisals or listings.

Best Renters Insurance For Service Quality in Fresno, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
TravelersMoneyGeek Score96Annual Premium$ 150
NationwideMoneyGeek Score95Annual Premium$ 146
ChubbMoneyGeek Score93Annual Premium$ 260
State FarmMoneyGeek Score86Annual Premium$ 137
AllstateMoneyGeek Score77Annual Premium$ 127
FarmersMoneyGeek Score77Annual Premium$ 188
Capital Insurance GroupMoneyGeek Score61Annual Premium$ 81

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

For $100,000 in personal property coverage, the best renters insurance providers in Fresno are:

  • Travelers: MoneyGeek score of 91 out of 100 ($360 per year)
  • State Farm: MoneyGeek score of 87 out of 100 ($367 per year)

Renters with many belongings need higher personal property coverage to financially protect items like furniture, electronics and clothing from theft, damage or loss. Higher coverage can increase premiums, so find a provider that balances cost with excellent service. High-value items like jewelry or art may need additional coverage beyond standard policies.

Company logo for Travelers
Best High Personal Property LimitTravelers
MoneyGeek Score:
91/ of 100

Overview

In Fresno, Travelers ranks first in affordability and customer satisfaction for insuring expensive homes, with an annual premium of $360. It offers contents replacement cost, covering personal property losses at replacement value without depreciation, and scheduled personal property coverage for high-value items like jewelry and fine art without requiring appraisals or item listings.

Best Renters Insurance for High Personal Property Limits in Fresno, CA
TravelersMoneyGeek Score91Annual Premium$ 360
State FarmMoneyGeek Score87Annual Premium$ 367
NationwideMoneyGeek Score82Annual Premium$ 462
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 248
AllstateMoneyGeek Score80Annual Premium$ 394
FarmersMoneyGeek Score73Annual Premium$ 503
ChubbMoneyGeek Score61Annual Premium$ 796
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SCHEDULED PERSONAL PROPERTY COVERAGE

You need additional coverage if you own valuables like fine jewelry or art since standard policies often don't cover these items. Choose a provider offering scheduled personal property coverage to protect your high-value possessions.

Best Renters Insurance for Military Families in Fresno, CA

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

  • USAA: MoneyGeek score of 100 out of 100 ($89 per year)
  • Travelers: MoneyGeek score of 84 out of 100 ($150 per year)

USAA provides tailored products for active military members, veterans and their families. While other insurers might offer lower premiums, USAA's specialized benefits often make it a better choice for service members.

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

Overview

USAA is the leading renters insurance provider in Fresno for military members, offering excellent customer service and comprehensive coverage. With an annual premium of $89, USAA provides contents replacement cost coverage, ensuring you can replace items like TVs or computers at their current market value after a covered loss. Its worldwide personal property coverage protects the belongings of deployed service members wherever they're stationed.

Best Renters Insurance for Military in Fresno, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
USAAMoneyGeek Score100Annual Premium$ 89
TravelersMoneyGeek Score84Annual Premium$ 150
State FarmMoneyGeek Score84Annual Premium$ 137
NationwideMoneyGeek Score83Annual Premium$ 146
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 81
AllstateMoneyGeek Score81Annual Premium$ 127
FarmersMoneyGeek Score68Annual Premium$ 188
ChubbMoneyGeek Score61Annual Premium$ 260

Average Cost of Renters Insurance in Fresno, CA

The average cost of renters insurance in Fresno is $155 annually or $13 per month. This is slightly higher than California's average of $148 and the national average of $145. These figures are based on a policy with $20,000 personal property limits, $100,000 liability limits and a $1,000 deductible.

Costs can vary depending on the amount of personal property coverage you choose. Consider using a personal property coverage calculator to estimate your needs and find a suitable policy.

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 Fresno

The cost of renters insurance in Fresno depends on several factors. Understanding them can help you find a policy that fits your budget and needs.

  • Location: Crime rates and weather risks in your area can affect your premium.
  • Coverage amount: Higher coverage limits increase your insurance costs.
  • Deductible: A higher deductible lowers your monthly premium but means higher out-of-pocket costs in a claim.
  • Claims history: A history of claims may lead to higher premiums due to increased perceived risk.
  • Credit score: A better credit record can result in lower premiums.

What Renters Insurance Covers in Fresno, CA

Renters insurance covers personal property, liability and additional living expenses. It protects financially against theft, fire and other unforeseen events. Liability coverage helps in case of lawsuits for injuries or property damage.

Here's what renters insurance covers:

  • Personal property coverage: Protects your belongings against damage or theft. For example, it helps replace stolen items if your apartment is burglarized.
  • Personal liability coverage: Covers legal expenses if someone is injured in your rental. For instance, if a guest slips and falls, this coverage can help with medical bills and legal fees.
  • Loss of use coverage: Pays for additional living expenses if your rental becomes uninhabitable. For example, if a fire damages your apartment, loss of use coverage can help pay for 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 Fresno

While renters insurance provides a financial safety net, it doesn't cover every situation:

  • Natural disasters: Standard policies typically exclude damage from floods.
  • Roommate's belongings: Personal property coverage usually doesn't extend to a roommate's possessions unless they're listed on the policy.
  • High-value items: Expensive items like jewelry or electronics may require additional coverage if their value exceeds the policy limit.
  • Business equipment: Property used for business purposes is generally not covered under standard renters insurance.
  • Pest damage: Damage from pests like bed bugs or rodents is usually not covered.
  • Car theft: While personal property stolen from your car may be covered, the theft of the vehicle itself is not.

FAQ: Renters Insurance in Fresno, CA

Choosing the best renters insurance provider in Fresno depends on your needs. Here are answers to frequently asked questions to help you make an informed decision.

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

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.