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


Updated: September 13, 2024

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State Farm is the best renters insurance company in Long Beach, California, with a MoneyGeek score of 86 and an average annual premium of $121. Capital Insurance Group is the cheapest renters insurance provider in Long Beach, with a MoneyGeek score of 89 and an annual premium of around $82. The best and cheapest quotes were derived using $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 example, Travelers is the best for service quality, with an average annual premium of $137. MoneyGeek also looked into the best and cheapest renters insurance in California for those who live elsewhere in the state.

MoneyGeek Logo IconBest & CheapestRentersLong Beach, CA
2024

Table of Contents

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

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

768Quotes Analyzed
 
8Providers Analyzed
 
3ZIP Codes

Overall Best Renters Insurance in Long Beach, CA

State Farm is the best renters insurance provider in Long Beach, California, with a MoneyGeek score of 86 out of 100 and an average annual premium of $121. These are the top two best renters insurance providers in Long Beach for a policy with $20,000 in personal property coverage, $100,000 in personal liability and a $1,000 deductible:

  • State Farm: MoneyGeek score of 86 out of 100 ($121 per year)
  • Nationwide: MoneyGeek score of 86 out of 100 ($130 per year)

State Farm balances customer satisfaction and affordability well, with an affordability score of 46 out of 55 and a customer satisfaction score of 29 out of 30.

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

Overview

State Farm ranks first in financial stability in Long Beach, California, with an average annual premium of $121. It offers cyber event/ID theft coverage, which helps protect renters against identity theft and cyber fraud. This coverage can reimburse expenses related to restoring your identity and recovering from cyber events. State Farm also provides earthquake coverage, which is crucial for renters in earthquake-prone areas. This coverage can help repair or replace personal property damaged by an earthquake.

Best Renters Insurance in Long Beach, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
State FarmMoneyGeek Score86Annual Premium$ 121
NationwideMoneyGeek Score86Annual Premium$ 130
TravelersMoneyGeek Score86Annual Premium$ 137
AllstateMoneyGeek Score83Annual Premium$ 114
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 82
FarmersMoneyGeek Score65Annual Premium$ 189
ChubbMoneyGeek Score61Annual Premium$ 241

Cheapest Renters Insurance in Long Beach, CA

Capital Insurance Group offers the cheapest renters insurance in Long Beach, California, with an average annual premium of $82 for $20,000 in personal property coverage. MoneyGeek rated the cheapest renters insurance in Long Beach with minimal consideration for customer service. These are the top two cheapest providers in Long Beach for $20,000 in personal property coverage and a $1,000 deductible:

  • Capital Insurance Group: $82 per year
  • Allstate: $114 per year

Personal property coverage helps protect your belongings against loss or damage. Cheap renters insurance policies often have low personal property coverage limits. While higher personal property coverage limits can lead to higher monthly costs, they provide better protection if you own many belongings.

Cheapest Renters Insurance in Long Beach, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
Capital Insurance GroupMoneyGeek Score89Annual Premium$ 82
State FarmMoneyGeek Score85Annual Premium$ 121
AllstateMoneyGeek Score84Annual Premium$ 114
NationwideMoneyGeek Score83Annual Premium$ 130
TravelersMoneyGeek Score82Annual Premium$ 137
FarmersMoneyGeek Score60Annual Premium$ 189
ChubbMoneyGeek Score49Annual Premium$ 241

Cheapest Renters Insurance With a High Deductible in Long Beach, CA

In Long Beach, California, Capital Insurance Group offers the cheapest renters insurance, with an average annual premium of $64 for a policy with $20,000 in personal property coverage and a $2,000 deductible. These are the top two cheapest providers in Long Beach for the same coverage and deductible:

  • Capital Insurance Group: $64 per year
  • Nationwide: $102 per year

A deductible is the amount you pay out of pocket before your insurance coverage kicks in, and it can affect your rates. Higher deductibles often lead to cheaper premiums, while lower deductibles mean higher premiums. It’s important to balance both because a higher deductible can save you money on premiums, but a lower deductible might be better if you need to file a claim.

Cheapest High Deductible Renters Insurance in Long Beach, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
Deductible:
Deductible:$ 2,000
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 64
NationwideMoneyGeek Score88Annual Premium$ 102
TravelersMoneyGeek Score87Annual Premium$ 110
AllstateMoneyGeek Score79Annual Premium$ 114
State FarmMoneyGeek Score82Annual Premium$ 119
FarmersMoneyGeek Score62Annual Premium$ 185
ChubbMoneyGeek Score61Annual Premium$ 223
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HOW TO SET YOUR DEDUCTIBLE

Make sure your deductible is an amount you can afford to pay out of pocket if you need to file a claim. Opting for a higher deductible can reduce your premium costs, leading to overall savings while providing sufficient coverage.

Best Renters Insurance for Customer Service in Long Beach, CA

In Long Beach, California, Travelers is the best renters insurance company for service quality, with an average annual premium of $137. These are the top two best providers in Long Beach, California, for a policy with $20,000 in personal property coverage for those who value excellent customer service without considering affordability:

  • Travelers: MoneyGeek score of 96 out of 100 ($137 per year)
  • Nationwide: MoneyGeek score of 95 out of 100 ($130 per year)

GExcellentcustomer service is important for renters looking for insurance because it ensures a smooth and supportive experience during claims. For example, when you make a claim, excellent customer service means you receive timely updates and assistance, reducing stress and ensuring a quick resolution. MoneyGeek scores renters insurance providers based on customer satisfaction using J.D. Power surveys, which measure how well companies meet customer expectations in the context of renters insurance.

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

Overview

In Long Beach, California, Travelers ranks first in customer satisfaction and coverage, making it the top choice for renters. With an average annual premium of $137, it is the cheapest provider in the area. The company offers contents replacement cost coverage, which settles covered personal property losses based on replacement cost at the time of the loss, with no deduction for depreciation. Its scheduled personal property coverage protects special items like jewelry, fine art and computers against various losses, providing financial protection for renters.

Best Renters Insurance for Service Quality in Long Beach, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
TravelersMoneyGeek Score96Annual Premium$ 137
NationwideMoneyGeek Score95Annual Premium$ 130
ChubbMoneyGeek Score93Annual Premium$ 241
State FarmMoneyGeek Score86Annual Premium$ 121
AllstateMoneyGeek Score77Annual Premium$ 114
FarmersMoneyGeek Score77Annual Premium$ 189
Capital Insurance GroupMoneyGeek Score61Annual Premium$ 82

Best Renters Insurance for High Personal Property Limits in Long Beach, CA

For renters in Long Beach, California, requiring substantial personal property coverage, State Farm stands out with an average annual premium of $247 for a policy with $100,000 in coverage. For $100K in personal property coverage, these are the top two best providers in Long Beach:

  • State Farm: MoneyGeek score of 95 out of 100 ($247 per year)
  • Travelers: MoneyGeek score of 91 out of 100 ($330 per year)

Renters with an extensive number of belongings often need higher personal property coverage, which protects items like furniture, electronics and clothing from risks such as theft or fire. However, higher coverage levels typically come with higher premiums. It's vital to select a provider that offers reasonable costs and excellent service, ensuring value for money when safeguarding numerous possessions. Be mindful that high-value items like jewelry or artwork may exceed standard coverage limits and could necessitate additional protection.

Company logo for State Farm
Best High Personal Property LimitState Farm
MoneyGeek Score:
95/ of 100

Overview

State Farm ranks first in affordability and customer satisfaction for expensive homes in Long Beach, with an average annual premium of $247. It offers coverage for cyber event/ID theft and earthquake damage. Cyber event/ID theft coverage helps restore your identity and covers fraud losses. Earthquake damage coverage protects your home and belongings from earthquake-related damage, essential for California residents.

Best Renters Insurance for High Personal Property Limits in Long Beach, CA
State FarmMoneyGeek Score95Annual Premium$ 247
TravelersMoneyGeek Score91Annual Premium$ 330
NationwideMoneyGeek Score84Annual Premium$ 404
AllstateMoneyGeek Score82Annual Premium$ 350
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 253
FarmersMoneyGeek Score70Annual Premium$ 500
ChubbMoneyGeek Score61Annual Premium$ 709
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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 Long Beach, CA

In Long Beach, USAA is the top-ranked renters insurance company for those with military backgrounds, with an average annual premium of $143. USAA is exclusively available to military members and their families in Long Beach. These are the top two best providers for military members in Long Beach for military, for a policy with $20,000 in personal property coverage:

  • USAA: MoneyGeek score of 100 out of 100 ($143 per year)
  • State Farm: MoneyGeek score of 86 out of 100 ($121 per year)

USAA offers various products tailored to those with a military background, including 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 Long Beach, leading in customer satisfaction and coverage. Its average annual premium is $143. USAA's policies include contents replacement cost and worldwide personal property coverages. Contents replacement cost coverage ensures that you may receive enough to replace your items with new ones in the event of a loss. Worldwide personal property coverage protects your belongings when deployed or residing abroad.

Best Renters Insurance for Military in Long Beach, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
USAAMoneyGeek Score100Annual Premium$ 143
State FarmMoneyGeek Score86Annual Premium$ 121
NationwideMoneyGeek Score86Annual Premium$ 130
TravelersMoneyGeek Score86Annual Premium$ 137
AllstateMoneyGeek Score83Annual Premium$ 114
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 82
FarmersMoneyGeek Score65Annual Premium$ 189
ChubbMoneyGeek Score61Annual Premium$ 241

Average Cost of Renters Insurance in Long Beach, CA

The average cost of renters insurance in Long Beach, California, is $145 annually or $12 monthly. This rate is $3 cheaper than the California state average of $148 and matches 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 remember that the average cost of renters insurance in Long Beach may vary greatly depending on the amount of personal property coverage you purchase. Personal property coverage protects your belongings in case of theft, damage or loss. 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 Long Beach

Various factors influence the cost of renters insurance in Long Beach, California. For instance, the location of your rental and the amount of coverage you choose can significantly affect your premium. Understanding these factors is essential when shopping for a policy, as it helps you make informed decisions and avoid unnecessary expenses. Here are some key factors that can impact renters insurance costs:

  • Location: Areas with higher crime rates or susceptibility to natural disasters tend to have higher premiums.
  • Coverage Amount: Higher coverage limits will result in higher premiums.
  • Deductible: Choosing a higher deductible can lower your premium, but you'll pay more out of pocket in case of a claim.
  • Credit Score: Insurers may use your credit score to determine your premium; better scores often lead to lower rates.
  • Claims History: A history of frequent claims can increase your insurance costs.

What Renters Insurance Covers in Long Beach, CA

Renters insurance provides coverage for personal belongings, liability protection and additional living expenses. It is important to purchase renters insurance to protect against financial loss from theft, fire or other covered events. Here's a breakdown of what renters insurance typically covers:

  • Personal Property Coverage: This coverage reimburses you for the loss or damage of your personal belongings. For instance, if a fire damages your apartment in California, this coverage can help replace your items.
  • Personal Liability Coverage: This coverage protects you if someone gets injured in your rental and you are held responsible. For example, if a guest slips and falls in your California apartment, personal liability coverage can help cover their medical expenses.
  • Loss of Use Coverage: This coverage helps with additional living expenses if your rental becomes uninhabitable. For example, if your California apartment is damaged by a flood and you need temporary housing, loss of use coverage can assist with those 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 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 Long Beach

Renters insurance in Long Beach does not cover everything, such as damages from natural disasters and high-value items without additional coverage. Here are some specific exclusions to be aware of:

  • Natural Disasters: Damages due to earthquakes and floods are typically not covered.
  • High-Value Items: Expensive items like jewelry or electronics often require additional coverage.
  • Pest Infestations: Damages caused by pests like bed bugs or rodents are usually excluded.
  • Roommate's Belongings: Items owned by roommates are not covered under your policy.
  • Vehicle Theft: Personal items stolen from your car are generally not covered.

FAQ: Renters Insurance in Long Beach, CA

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