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


Updated: September 13, 2024

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Nationwide is the best renters insurance company in Fullerton, California, with a MoneyGeek score of 96 and an average annual premium of $81. Capital Insurance Group is the cheapest renters insurance provider in Fullerton, with a MoneyGeek score of 89 and an average annual premium of $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. For instance, Travelers excels in service quality, with an annual premium of around $116. MoneyGeek also looked into the best and cheapest renters insurance in California for those who live elsewhere in the state.

MoneyGeek Logo IconBest & CheapestRentersFullerton, CA
2024

Table of Contents

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

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

768Quotes Analyzed
 
8Providers Analyzed
 
2ZIP Codes

Overall Best Renters Insurance in Fullerton, CA

Nationwide is the best renters insurance provider in Fullerton, California, with a MoneyGeek score of 96 out of 100 and an average annual premium of $81. These are the top two best renters insurance providers in Fullerton for a policy with $20,000 in personal property coverage, $100,000 in personal liability and a $1,000 deductible:

  • Nationwide: MoneyGeek score of 96 out of 100 ($81 per year)
  • Travelers: MoneyGeek score of 90 out of 100 ($116 per year)

Nationwide has perfectly balanced customer satisfaction and affordability, with an affordability score of 54 out of 55.

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

Overview

Nationwide ranks first in coverage in Fullerton, California, with an average annual premium of $81. It offers coverages like credit card forgery and theft from vehicles. Credit card forgery coverage pays for unauthorized transactions on your credit cards and bank debit/ATM cards, including forged checks and counterfeit money. Theft from vehicles coverage protects your personal belongings stored in or on any motor vehicle, trailer or watercraft, providing security for renters on the go.

Best Renters Insurance in Fullerton, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
NationwideMoneyGeek Score96Annual Premium$ 81
TravelersMoneyGeek Score90Annual Premium$ 116
State FarmMoneyGeek Score86Annual Premium$ 121
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 77
AllstateMoneyGeek Score81Annual Premium$ 122
FarmersMoneyGeek Score73Annual Premium$ 162
ChubbMoneyGeek Score61Annual Premium$ 260

Cheapest Renters Insurance in Fullerton, CA

In Fullerton, California, Capital Insurance Group offers the cheapest renters insurance, with an average annual premium of $81 for $20,000 in personal property coverage. These are the top two cheapest in Fullerton for $20,000 in personal property coverage and a $1,000 deductible, with MoneyGeek rating the cheapest renters insurance with minimal consideration for customer service:

  • Capital Insurance Group: $77 per year
  • Nationwide: $81 per year

Personal property coverage protects your belongings in case of theft, fire or other covered events. Cheap renters insurance policies often have low personal property coverage limits. Higher coverage limits can lead to higher monthly costs but provide better protection if you have many personal belongings.

Cheapest Renters Insurance in Fullerton, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
NationwideMoneyGeek Score96Annual Premium$ 81
Capital Insurance GroupMoneyGeek Score89Annual Premium$ 77
TravelersMoneyGeek Score88Annual Premium$ 116
State FarmMoneyGeek Score86Annual Premium$ 121
AllstateMoneyGeek Score82Annual Premium$ 122
FarmersMoneyGeek Score70Annual Premium$ 162
ChubbMoneyGeek Score49Annual Premium$ 260

Cheapest Renters Insurance With a High Deductible in Fullerton, CA

In Fullerton, 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 average annual premium of $60. These are the top two cheapest providers in Fullerton for $20,000 in personal property coverage and a $2,000 deductible:

  • Capital Insurance Group: $60 per year
  • Nationwide: $64 per year

A deductible is the amount you pay out of pocket before your insurance kicks in, 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 affordability and adequate coverage. If you need to file a claim, a higher deductible means you will pay more out of pocket, but your premiums will be lower.

Cheapest High Deductible Renters Insurance in Fullerton, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
Deductible:
Deductible:$ 2,000
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 60
NationwideMoneyGeek Score96Annual Premium$ 64
TravelersMoneyGeek Score91Annual Premium$ 94
State FarmMoneyGeek Score83Annual Premium$ 119
AllstateMoneyGeek Score78Annual Premium$ 122
FarmersMoneyGeek Score70Annual Premium$ 159
ChubbMoneyGeek Score61Annual Premium$ 240
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HOW TO SET YOUR DEDUCTIBLE

When selecting a deductible, make sure it is an amount you can comfortably pay out of pocket if you need to file a claim. A higher deductible can reduce your premium, resulting in overall cost savings while providing adequate coverage.

Best Renters Insurance for Customer Service in Fullerton, CA

In Fullerton, California, Travelers is the best renters insurance company for service quality, with an average annual premium of $116. These are the top two best in Fullerton for a policy with $20,000 in personal property coverage, focusing on excellent customer service without considering affordability.

  • Travelers: MoneyGeek score of 96 out of 100 ($116 per year)
  • Nationwide: MoneyGeek score of 95 out of 100 ($81 per year)

GrExcellentustomer service is important for renters because it ensures a smooth and stress-free experience, especially when filing a claim. For example, having a responsive and helpful insurance provider can make the process much easier and quicker if you need to make a claim. MoneyGeek scores renters insurance providers based on customer satisfaction surveys from J.D. Power, which evaluate how well companies serve their customers.

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

Overview

Travelers ranks first in customer satisfaction and coverage in Fullerton, California, with an average annual premium of $116. 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 deduction for depreciation. Valuable items insurance protects special property like jewelry and fine art, allowing higher coverage limits without requiring appraisals.

Best Renters Insurance for Service Quality in Fullerton, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
TravelersMoneyGeek Score96Annual Premium$ 116
NationwideMoneyGeek Score95Annual Premium$ 81
ChubbMoneyGeek Score93Annual Premium$ 260
State FarmMoneyGeek Score86Annual Premium$ 121
AllstateMoneyGeek Score77Annual Premium$ 122
FarmersMoneyGeek Score77Annual Premium$ 162
Capital Insurance GroupMoneyGeek Score61Annual Premium$ 77

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

Nationwide offers the best renters insurance for those in Fullerton, California, who require high personal property coverage, with an average annual premium of $232 for $100,000 in coverage. For $100K in personal property coverage, the top two best providers in Fullerton are:

  • Nationwide: MoneyGeek score of 96 out of 100 ($232 per year)
  • State Farm: MoneyGeek score of 95 out of 100 ($218 per year)

Renters with a large number of possessions often need higher personal property coverage to protect their belongings against loss or damage. This coverage is vital for financial security, but higher limits typically come with increased premiums. It's important to choose a provider that offers a good balance of affordability and excellent service. Remember that certain high-value items like jewelry or art may require additional coverage to ensure full protection.

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

Overview

Nationwide is the best provider for expensive homes in Fullerton, California, with a MoneyGeek score of 96 out of 100. Renters can expect an average annual premium of $232, making it an affordable choice with high customer satisfaction. The company offers coverages like credit card forgery and theft from vehicles. Credit card forgery coverage protects against unauthorized transactions on your credit cards and bank accounts. Theft from vehicles coverage extends protection to personal belongings stored in your vehicle, ensuring comprehensive security for renters with valuable possessions.

Best Renters Insurance for High Personal Property Limits in Fullerton, CA
NationwideMoneyGeek Score96Annual Premium$ 232
State FarmMoneyGeek Score95Annual Premium$ 218
TravelersMoneyGeek Score94Annual Premium$ 281
Capital Insurance GroupMoneyGeek Score81Annual Premium$ 238
AllstateMoneyGeek Score80Annual Premium$ 374
FarmersMoneyGeek Score78Annual Premium$ 408
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 Fullerton, CA

In Fullerton, USAA is the top-ranked renters insurance company exclusively for those with military backgrounds. These are the top two best providers in Fullerton for military members for a policy with $20,000 in personal property coverage:

  • USAA: MoneyGeek score of 100 out of 100 ($129 per year)
  • Nationwide: MoneyGeek score of 96 out of 100 ($81 per year)

USAA offers a range of products tailored for those with a military background, providing 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 Fullerton, leading in customer satisfaction, coverages and affordability. With an average annual premium of $129, USAA demonstrates its commitment to value and service excellence. Its 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, offering protection for belongings even when deployed abroad.

Best Renters Insurance for Military in Fullerton, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
USAAMoneyGeek Score100Annual Premium$ 129
NationwideMoneyGeek Score96Annual Premium$ 81
TravelersMoneyGeek Score90Annual Premium$ 116
State FarmMoneyGeek Score86Annual Premium$ 121
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 77
AllstateMoneyGeek Score81Annual Premium$ 122
FarmersMoneyGeek Score73Annual Premium$ 162
ChubbMoneyGeek Score61Annual Premium$ 260

Average Cost of Renters Insurance in Fullerton, CA

The average cost of renters insurance in Fullerton, California, is $134 annually or about $11 monthly. This rate is lower than the California state average of $148 annually and the national average of $145 annually. 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 remember that the average cost of renters insurance in Fullerton 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 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 Fullerton

Various elements can influence the cost of renters insurance in Fullerton, California. For instance, the location's crime rates and natural disaster risks can significantly affect premiums. The amount of coverage you choose also plays a crucial role in determining your insurance costs. Understanding these factors is essential when selecting a renters insurance policy to ensure you get the best coverage at an affordable price. Below are some key factors that affect renters insurance costs:

  • Location: Areas with higher crime rates or natural disaster risks typically have higher premiums.
  • Coverage amount: More extensive coverage usually means higher costs.
  • Deductible: A higher deductible can result in lower monthly premiums.
  • Claims history: Frequent claims can lead to increased premiums.
  • Credit score: Lower credit scores can result in higher insurance costs.

What Renters Insurance Covers in Fullerton, CA

Renters insurance covers personal property, liability and additional living expenses. It protects against theft, fire and certain natural disasters. Purchasing renters insurance ensures you are covered in case of unexpected events, providing security and reducing potential financial burdens. Below are the key areas renters insurance covers:

  • Personal Property Coverage: This coverage protects your belongings from events like fire or theft. For instance, if a fire damages your electronics in your California apartment, this coverage would help replace them.
  • Personal Liability Coverage: This coverage helps with legal fees if you're found responsible for someone else's injury or property damage. For example, personal liability coverage would assist with medical and legal costs if a guest slips and falls in your California rental.
  • Loss of Use Coverage: This coverage pays for additional living expenses if your rental becomes uninhabitable due to a covered event. For example, if a wildfire forces you out of your California home, loss of use coverage would help 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 Fullerton

Renters insurance in Fullerton does not cover everything; for instance, it typically excludes damage from natural disasters and high-value items. Here are some common exclusions:

  • Natural Disasters: Events like earthquakes and floods are often not covered.
  • High-Value Items: Expensive items such as jewelry or electronics may need additional coverage.

FAQ: Renters Insurance in Fullerton, CA

The best renters insurance provider for you in Fullerton, 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 Fullerton, California, on average?
What is the cheapest renters insurance company in Fullerton, California?
What is the best renters insurance company in Fullerton, California?
Do I need renters insurance in Fullerton, 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.