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


Updated: September 13, 2024

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State Farm is the best renters insurance company in Lancaster, California, with a MoneyGeek score of 92 and an average annual premium of $125. Capital Insurance Group is the cheapest renters insurance provider in Lancaster, with a MoneyGeek score of 89 and an annual premium of around $100. 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. Travelers leads for service quality, with an annual premium of $152. MoneyGeek also looked into the best and cheapest renters insurance in California for those who live elsewhere in the state.

MoneyGeek Logo IconBest & CheapestRentersLancaster, CA
2024

Table of Contents

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

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

768Quotes Analyzed
 
8Providers Analyzed
 
2ZIP Codes

Overall Best Renters Insurance in Lancaster, CA

State Farm is the best renters insurance provider in Lancaster, California, with a MoneyGeek score of 92 out of 100 and an average annual premium of $125. The following companies provide the best renters insurance in Lancaster for policies with $20,000 in personal property coverage, $100,000 in personal liability coverage and a $1,000 deductible:

  • State Farm: MoneyGeek score of 92 out of 100 ($125 per year)
  • Travelers: MoneyGeek score of 91 out of 100 ($152 per year)

State Farm has achieved a balance of cost and quality service, earning a perfect customer satisfaction score and an affordability score of 52 out of 55.

Company logo for State Farm
Best OverallState Farm
MoneyGeek Score:
92/ of 100

Overview

State Farm ranks first in financial stability in Lancaster, California, with an average annual premium of $125. It offers cyber event/ID theft coverage and earthquake damage coverage. Cyber event/ID theft coverage helps renters restore their identity if it's stolen. Earthquake damage coverage protects renters from financial loss due to earthquake-related damages, which is crucial in earthquake-prone areas.

Best Renters Insurance in Lancaster, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
State FarmMoneyGeek Score92Annual Premium$ 125
TravelersMoneyGeek Score91Annual Premium$ 152
NationwideMoneyGeek Score90Annual Premium$ 151
AllstateMoneyGeek Score85Annual Premium$ 139
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 100
FarmersMoneyGeek Score81Annual Premium$ 165
ChubbMoneyGeek Score61Annual Premium$ 366

Cheapest Renters Insurance in Lancaster, CA

In Lancaster, California, Capital Insurance Group offers the cheapest renters insurance at an average annual premium of $100 for $20,000 in personal property coverage with a $1,000 deductible.

  • Capital Insurance Group: $100 per year
  • State Farm: $125 per year

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

Cheapest Renters Insurance in Lancaster, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
State FarmMoneyGeek Score93Annual Premium$ 125
Capital Insurance GroupMoneyGeek Score89Annual Premium$ 100
TravelersMoneyGeek Score89Annual Premium$ 152
NationwideMoneyGeek Score88Annual Premium$ 151
AllstateMoneyGeek Score87Annual Premium$ 139
FarmersMoneyGeek Score81Annual Premium$ 165
ChubbMoneyGeek Score49Annual Premium$ 366

Cheapest Renters Insurance With a High Deductible in Lancaster, CA

In Lancaster, California, Capital Insurance Group offers the cheapest renters insurance for a policy with $20,000 in personal property coverage and a $2,000 deductible at an average annual premium of $78. These are the top two cheapest providers in Lancaster for $20,000 in personal property coverage and a $2,000 deductible:

  • Capital Insurance Group: $78 per year
  • Nationwide: $119 per year

A deductible is the amount you pay out of pocket before your insurance covers a claim, 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 you can afford your deductible if you need to file a claim. Renters should consider their financial situation and potential risks when choosing the right deductible and premium balance.

Cheapest High Deductible Renters Insurance in Lancaster, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
Deductible:
Deductible:$ 2,000
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 78
NationwideMoneyGeek Score91Annual Premium$ 119
State FarmMoneyGeek Score89Annual Premium$ 123
TravelersMoneyGeek Score92Annual Premium$ 123
AllstateMoneyGeek Score81Annual Premium$ 139
FarmersMoneyGeek Score78Annual Premium$ 162
ChubbMoneyGeek Score61Annual Premium$ 338
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HOW TO SET YOUR DEDUCTIBLE

When selecting a deductible, make sure it's an amount you can pay out of pocket without financial stress in case of a claim. Choosing a higher deductible can lower your annual premium, resulting in overall cost savings while providing adequate coverage.

Best Renters Insurance for Customer Service in Lancaster, CA

In Lancaster, California, Travelers is the best renters insurance company for service quality, with an average annual premium of $152. These are the top two best providers in Lancaster, California, for a policy with $20,000 in personal property coverage for those who value great customer service without considering affordability:

  • Travelers: MoneyGeek score of 96 out of 100 ($152 per year)
  • Nationwide: MoneyGeek score of 95 out of 100 ($151 per year)

Great customer service is important for renters because it ensures a smooth experience when making a claim. Prompt and helpful customer service can make the process hassle-free and quick if you need to file a claim. MoneyGeek scores renters insurance providers based on J.D. Power surveys, which measure customer satisfaction with insurance companies.

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

Overview

Travelers ranks first in customer satisfaction and coverages in Lancaster, California, with an average annual premium of $152. It offers contents replacement cost and valuable items insurance. Contents replacement cost covers the replacement of personal property without depreciation, ensuring renters can replace lost items at current market value. Valuable items insurance provides additional protection for high-value items like jewelry and fine art without requiring appraisals or item listings.

Best Renters Insurance for Service Quality in Lancaster, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
TravelersMoneyGeek Score96Annual Premium$ 152
NationwideMoneyGeek Score95Annual Premium$ 151
ChubbMoneyGeek Score93Annual Premium$ 366
State FarmMoneyGeek Score86Annual Premium$ 125
AllstateMoneyGeek Score77Annual Premium$ 139
FarmersMoneyGeek Score77Annual Premium$ 165
Capital Insurance GroupMoneyGeek Score61Annual Premium$ 100

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

Travelers offers the best renters insurance for those needing high personal property coverage in Lancaster, California, with an average annual premium of $378 for $100,000 in coverage. For $100K in personal property coverage, these are the top two best providers in Lancaster:

  • Travelers: MoneyGeek score of 95 out of 100 ($378 per year)
  • State Farm: MoneyGeek score of 94 out of 100 ($331 per year)

Renters with a significant number of belongings often require higher personal property coverage. This coverage protects items such as furniture, electronics and clothing against losses like theft or damage.

As coverage limits increase, so does the cost of the policy. It's important to find a provider that can deliver affordability and excellent service to ensure you're well-protected without overpaying. Remember that high-value items like jewelry or art may need additional coverage beyond a standard renters insurance policy.

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

Overview

Travelers ranks first in Lancaster for affordability and customer satisfaction for those with expensive homes, with an average annual premium of $378. It offers contents replacement cost and scheduled personal property coverages. Contents replacement cost covers personal property losses based on replacement cost without depreciation. Scheduled personal property protects high-value items like jewelry and fine art without requiring appraisals.

Best Renters Insurance for High Personal Property Limits in Lancaster, CA
TravelersMoneyGeek Score95Annual Premium$ 378
State FarmMoneyGeek Score94Annual Premium$ 331
NationwideMoneyGeek Score90Annual Premium$ 479
FarmersMoneyGeek Score85Annual Premium$ 425
AllstateMoneyGeek Score85Annual Premium$ 429
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 307
ChubbMoneyGeek Score61Annual Premium$ 1,273
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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 Lancaster, CA

USAA is the top-ranked renters insurance company for military members in Lancaster. Its average annual premium is $213. USAA is exclusively for those with military backgrounds. These are the top two best providers in Lancaster for military members:

  • USAA: MoneyGeek score of 100 out of 100 ($213 per year)
  • State Farm: MoneyGeek score of 92 out of 100 ($125 per year)

USAA offers various 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 Lancaster. It leads in customer satisfaction and offers the best coverages at an affordable rate, with an average annual premium of $213. This provider understands the unique needs of service members, ensuring their possessions are protected at home and abroad. With the contents replacement cost coverage, military renters can receive the full value for new replacements of stolen or damaged items. The worldwide personal property coverage offers security for those deployed or living overseas, safeguarding their belongings wherever they are stationed.

Best Renters Insurance for Military in Lancaster, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
USAAMoneyGeek Score100Annual Premium$ 213
State FarmMoneyGeek Score92Annual Premium$ 125
TravelersMoneyGeek Score91Annual Premium$ 152
NationwideMoneyGeek Score90Annual Premium$ 151
AllstateMoneyGeek Score85Annual Premium$ 139
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 100
FarmersMoneyGeek Score81Annual Premium$ 165
ChubbMoneyGeek Score61Annual Premium$ 366

Average Cost of Renters Insurance in Lancaster, CA

The average cost of renters insurance in Lancaster, California, is $171 annually or $14 monthly. This rate is higher than the California state average of $148 and the national average of $145. 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 note that the average cost of renters insurance in Lancaster 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 Lancaster

The cost of renters insurance in Lancaster, California, 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 case 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 Lancaster, CA

Renters insurance provides coverage for personal property, liability and additional living expenses. It protects you from unexpected events like theft, fire or water damage. Purchasing renters insurance is important because it offers financial protection in case of unforeseen incidents. Below are the key coverages included in renters insurance:

  • Personal Property Coverage: This covers your belongings in case of theft, fire or other damages. For example, if a wildfire damages your apartment in California, your furniture and electronics would be covered.
  • Personal Liability Coverage: This covers legal expenses if someone is injured in your rental unit. For instance, if a guest slips and falls in your California apartment, your legal fees and medical expenses would be covered.
  • Loss of Use Coverage: This covers additional living expenses if your rental becomes uninhabitable. For example, if an earthquake renders your California apartment unlivable, loss of use would cover hotel stays and meals.
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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 Lancaster

Renters insurance in Lancaster does not cover everything, such as natural disasters and high-value personal items. Here are some common exclusions you should be aware of:

  • Natural Disasters: Events like earthquakes and floods are typically not covered.
  • High-Value Personal Items: Expensive jewelry or electronics may not be fully covered.
  • Pest Infestations: Damage caused by pests like rodents or insects is usually excluded.
  • Roommate Belongings: Items your roommates own are not covered under your policy.
  • Business Equipment: Equipment used for business is often excluded.

FAQ: Renters Insurance in Lancaster, CA

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

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