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


Updated: September 13, 2024

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The best and cheapest renters insurance company in Inglewood, California, is Travelers, with a MoneyGeek score of 94 and an annual premium of $130 for $20,000 in personal property coverage.

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

MoneyGeek Logo IconBest & CheapestRentersInglewood, 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 Inglewood.

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

768Quotes Analyzed
 
8Providers Analyzed
 
2ZIP Codes

Overall Best Renters Insurance in Inglewood, CA

The best renters insurance in Inglewood is Travelers for a policy with $20,000 in personal property coverage, $100,000 in personal liability and a $1,000 deductible.

  • Travelers: MoneyGeek score of 94 out of 100 ($130 per year)
  • Nationwide: MoneyGeek score of 94 out of 100 ($125 per year)

Travelers balances cost and service quality, scoring highly for affordability (51 out of 55) and customer satisfaction (28 out of 30).

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

Overview

In Inglewood, Travelers ranks first for coverages with an average annual premium of $130. 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 and fine art against various losses, allowing renters to add higher coverage limits without needing appraisals.

Best Renters Insurance in Inglewood, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
TravelersMoneyGeek Score94Annual Premium$ 130
NationwideMoneyGeek Score94Annual Premium$ 125
State FarmMoneyGeek Score90Annual Premium$ 137
AllstateMoneyGeek Score87Annual Premium$ 127
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 103
FarmersMoneyGeek Score76Annual Premium$ 201
ChubbMoneyGeek Score61Annual Premium$ 366

Cheapest Renters Insurance in Inglewood, CA

Travelers offers the cheapest renters insurance in Inglewood, with an annual premium of $130 for $20,000 in personal property coverage.

  • Travelers: $130 per year
  • Nationwide: $125 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 Inglewood, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
TravelersMoneyGeek Score94Annual Premium$ 130
NationwideMoneyGeek Score93Annual Premium$ 125
State FarmMoneyGeek Score91Annual Premium$ 137
AllstateMoneyGeek Score89Annual Premium$ 127
Capital Insurance GroupMoneyGeek Score89Annual Premium$ 103
FarmersMoneyGeek Score75Annual Premium$ 201
ChubbMoneyGeek Score49Annual Premium$ 366

Cheapest Renters Insurance With a High Deductible in Inglewood, CA

Inglewood residents looking for the cheapest renters insurance with $20,000 in personal property coverage and a $2,000 deductible may consider these top providers:

  • Capital Insurance Group: $80 per year
  • Nationwide: $99 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 Inglewood, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
Deductible:
Deductible:$ 2,000
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 80
NationwideMoneyGeek Score94Annual Premium$ 99
TravelersMoneyGeek Score95Annual Premium$ 105
AllstateMoneyGeek Score83Annual Premium$ 127
State FarmMoneyGeek Score87Annual Premium$ 135
FarmersMoneyGeek Score73Annual Premium$ 196
ChubbMoneyGeek Score61Annual Premium$ 338
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HOW TO SET YOUR DEDUCTIBLE

When selecting a deductible for your insurance policy, ensure it's an amount you can pay out of pocket if you need to file a claim. If you can afford it, opting for a higher deductible could decrease your annual premiums, leading to savings over time while maintaining adequate coverage.

Best Renters Insurance for Customer Service in Inglewood, CA

In Inglewood, Travelers is the best renters insurance company for service quality, with an average annual premium of $130 for $20,000 in personal property coverage.

  • Travelers: MoneyGeek score of 96 out of 100 ($130 per year)
  • Nationwide: MoneyGeek score of 95 out of 100 ($125 per year)

Superior 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 Inglewood for customer satisfaction and coverages, with an average annual premium of $130.

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 requiring appraisals or listings.

Best Renters Insurance For Service Quality in Inglewood, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
TravelersMoneyGeek Score96Annual Premium$ 130
NationwideMoneyGeek Score95Annual Premium$ 125
ChubbMoneyGeek Score93Annual Premium$ 366
State FarmMoneyGeek Score86Annual Premium$ 137
AllstateMoneyGeek Score77Annual Premium$ 127
FarmersMoneyGeek Score77Annual Premium$ 201
Capital Insurance GroupMoneyGeek Score61Annual Premium$ 103

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

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

  • Travelers: MoneyGeek score of 98 out of 100 ($314 per year)
  • Nationwide: MoneyGeek score of 94 out of 100 ($388 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:
98/ of 100

Overview

Travelers ranks first in affordability and customer satisfaction for insuring expensive homes in Inglewood, with an annual premium of $314.

It offers contents replacement cost, covering personal property losses at replacement value without deducting for depreciation, and scheduled personal property coverage for high-value items like jewelry and fine art against a variety of losses. These benefits ensure peace of mind for renters with high-value possessions.

Best Renters Insurance for High Personal Property Limits in Inglewood, CA
TravelersMoneyGeek Score98Annual Premium$ 314
NationwideMoneyGeek Score94Annual Premium$ 388
State FarmMoneyGeek Score93Annual Premium$ 362
AllstateMoneyGeek Score87Annual Premium$ 391
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 315
FarmersMoneyGeek Score81Annual Premium$ 556
ChubbMoneyGeek Score61Annual Premium$ 1,273
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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 Inglewood, CA

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

  • USAA: MoneyGeek score of 100 out of 100 ($163 per year)
  • Travelers: MoneyGeek score of 94 out of 100 ($130 per year)

USAA offers a range of products tailored to those with a military background, providing discounts and coverages that suit their lifestyle. 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 top renters insurance provider in Inglewood for military members. It charges an annual premium of $163 and offers excellent customer service and comprehensive coverage.

It 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 military members at home or abroad.

Best Renters Insurance for Military in Inglewood, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
USAAMoneyGeek Score100Annual Premium$ 163
TravelersMoneyGeek Score94Annual Premium$ 130
NationwideMoneyGeek Score94Annual Premium$ 125
State FarmMoneyGeek Score90Annual Premium$ 137
AllstateMoneyGeek Score87Annual Premium$ 127
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 103
FarmersMoneyGeek Score76Annual Premium$ 201
ChubbMoneyGeek Score61Annual Premium$ 366

Average Cost of Renters Insurance in Inglewood, CA

The average cost of renters insurance in Inglewood is $170 annually ($14 monthly), which is higher than California's average of $148 by $22 and the national average of $145 by $25. 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 Inglewood

Various factors can influence the cost of renters insurance in Inglewood. 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 Inglewood, 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 risks like fire, theft and vandalism. For example, if a wildfire damages your apartment in California, your policy can help replace your items.
  • Personal liability coverage: Covers expenses if someone is injured in your rental unit or if you accidentally damage someone else's property. For example, if a guest slips and falls in your California apartment, this coverage can help with legal and medical expenses.
  • Loss of use coverage: Pays for additional living expenses if your rental becomes uninhabitable due to a covered loss. For example, if an earthquake renders your California apartment unlivable, loss of use coverage can cover temporary housing and related costs.
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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 financial protection. 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 Inglewood

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 Inglewood, CA

The best renters insurance provider in Inglewood depends on your needs. We address some frequently asked questions to help you make an informed decision.

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