Best and Cheapest Renters Insurance in Gilbert, AZ (Sept 2024)

The best insurer is Nationwide with a premium of $131. The cheapest renters insurance company in Gilbert, Arizona, is Auto-Owners, with a MoneyGeek score of 94 and an annual premium of $119.

Depending on your needs, other providers may be best, such as Travelers for service quality with an annual premium of $216. MoneyGeek also looked into the best and cheapest renters insurance in Arizona for those who live elsewhere in the state.

The best renters insurance in Gilbert, Arizona, is Nationwide with a MoneyGeek score of 90 out of 100 and an annual premium of $131. The following providers are the top two best renters insurance providers in Gilbert for a policy with $20,000 in personal property coverage, $100,000 in personal liability, and a $1,000 deductible.

• Nationwide: MoneyGeek score of 90 out of 100 ($131 per year)
• American Family: MoneyGeek score of 89 out of 100 ($145 per year)

Nationwide has perfectly balanced customer satisfaction and affordability with an affordability score of 53 out of 55.

In Gilbert, Arizona, Auto-Owners offers the cheapest renters insurance with an average annual premium of $119 for $20,000 in personal property coverage with a $1,000 deductible:

• Auto-Owners: $119 per year
• Nationwide: $131 per year

Personal property coverage helps replace or repair your belongings if they're damaged or stolen. Cheap renters insurance policies may have lower personal property coverage limits, which could be insufficient if you have numerous valuable items.

In Gilbert, Arizona, Nationwide offers the cheapest renters insurance for a policy with $20,000 in personal property coverage and a $2,000 deductible at an annual premium of $111. The following providers are the top two cheapest providers in Gilbert for $20,000 in personal property coverage and a $2,000 deductible:

• Nationwide: $111 per year
• Auto-Owners: $116 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. A higher deductible can save you money on premiums, but you'll need to pay more out of pocket if you have a claim.

In Gilbert, Arizona, Travelers offers the best renters insurance for service quality with an annual premium of $216. The following providers are the top two best in Gilbert, Arizona, for a policy with $20,000 in personal property coverage for those who value great customer service without considering affordability.

• Travelers: MoneyGeek score of 85 out of 100 ($216 per year)
• Nationwide: MoneyGeek score of 84 out of 100 ($131 per year)

-Great customer service is important for renters looking for insurance because it ensures a smoother experience when you need to make a claim. For example, if you suffer a loss, excellent customer service means your claim is handled quickly and efficiently, reducing your stress during a difficult time.

American Family offers the best renters insurance for those in Gilbert, Arizona needing high personal property coverage, with an annual premium of $211 for a policy with $100,000 in coverage. High personal property coverage refers to insurance policies that provide a higher limit for the value of personal belongings in case of damage or loss. For $100K in personal property coverage, the following providers are the top two best providers in Gilbert:

• American Family: MoneyGeek score of 92 out of 100 ($211 per year)
• Nationwide: MoneyGeek score of 90 out of 100 ($257 per year)

Renters with a substantial amount of belongings often require higher personal property coverage. This type of coverage protects against the financial loss of personal items due to perils like theft or fire. While higher coverage can mean higher premiums, finding a provider that offers a balance of affordability and excellent service is key. However, keep in mind that high-value items such as jewelry or art may not be fully covered under standard policies and may necessitate additional coverage.

In Gilbert, USAA is the top-ranked renters insurance company for those with military backgrounds, with an annual premium of $96. The following providers are the top two best providers in Gilbert for military members with a policy offering $20,000 in personal property coverage.

• USAA: MoneyGeek score of 100 out of 100 ($96 per year)
• Nationwide: MoneyGeek score of 90 out of 100 ($131 per year)

USAA offers a range of products tailored for those with a military background, providing discounts and coverages that suit the military lifestyle. USAA is also the most affordable option in Gilbert for military members.

The top renters insurance company for individuals with poor credit in Gilbert is Nationwide, with an annual premium of $208 for a policy offering $20,000 in personal property coverage. The following providers are the top two best providers in Gilbert for those with poor credit for the same type of policy:

• Nationwide: MoneyGeek score of 92 out of 100 ($208 per year)
• American Family: MoneyGeek score of 91 out of 100 ($254 per year)

Rates in Gilbert for renters with poor credit are typically higher because these renters are viewed as higher-risk to providers. Providers associate poor credit with a greater likelihood of filing claims. However, you can take steps to improve your credit, which may help lower your rates over time. It's also beneficial to look for discounts that you may qualify for to reduce your insurance costs.

The average cost of renters insurance in Gilbert, Arizona, is $186 annually, which breaks down to $16 monthly. This is slightly cheaper than the state average of $195 per year but higher than the national average of $145 per year. 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 Gilbert 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 prices change based on the value of your personal property.

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.

Renters insurance covers personal belongings, 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. Let's break down what renters insurance covers:

• Personal Property Coverage: This covers your belongings in case of theft, fire, or other perils. For example, if your apartment in Arizona is burglarized, your renters insurance can help replace stolen items.
• Personal Liability Coverage: This protects you if someone is injured in your rental or if you accidentally damage someone else's property. For instance, if a guest slips and falls in your Arizona apartment, this coverage can help with medical expenses and legal fees.
• Loss Of Use Coverage: This helps with additional living expenses if your rental becomes uninhabitable due to a covered event. If a fire makes your Arizona apartment unlivable, loss of use coverage can pay for hotel stays and other extra costs.

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.

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