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


Updated: September 13, 2024

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The best renters insurance company in Modesto, California, is State Farm, with a MoneyGeek score of 86 and an average annual premium of $121 for $20,000 in personal property coverage. The cheapest is Capital Insurance Group, with a MoneyGeek score of 89 and an average yearly premium of $76.

The best homeowners insurance provider balances customer service and affordability. Other providers may be best depending on your needs, such as Travelers, which excels in service quality with an annual premium of $148. MoneyGeek also reviewed the best and cheapest renters insurance in California for those who live elsewhere in the state.

MoneyGeek Logo IconBest & CheapestRentersModesto, CA
2024

Table of Contents

Why Trust MoneyGeek? To determine the top renters insurance options in Modesto, we analyzed data from the California Department of Insurance and Quadrant Information Services.

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

786Quotes Analyzed
 
8Providers Analyzed
 
2ZIP Codes

Overall Best Renters Insurance in Modesto, CA

The best renters insurance in Modesto is State Farm 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)
  • Travelers: MoneyGeek score of 84 out of 100 ($148 per year)

State Farm balances cost and service quality, earning a high affordability score (46 out of 55) and a perfect customer satisfaction score (30 out of 30).

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

Overview

State Farm ranks first in Modesto for financial stability, with an annual premium of $121. It offers cyber event/ID theft coverage, which pays for the costs of restoring your identity if stolen, and earthquake damage coverage, which financially protects your belongings in the event of an earthquake.

Best Renters Insurance in Modesto, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
State FarmMoneyGeek Score86Annual Premium$ 121
TravelersMoneyGeek Score84Annual Premium$ 148
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 76
NationwideMoneyGeek Score81Annual Premium$ 155
AllstateMoneyGeek Score81Annual Premium$ 123
FarmersMoneyGeek Score74Annual Premium$ 159
ChubbMoneyGeek Score61Annual Premium$ 264

Cheapest Renters Insurance in Modesto, CA

Capital Insurance Group offers the cheapest renters insurance in Modesto, with an annual premium of $76 for $20,000 in personal property coverage.

  • Capital Insurance Group: $76 per year
  • State Farm: $121 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 Modesto, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
Capital Insurance GroupMoneyGeek Score89Annual Premium$ 76
State FarmMoneyGeek Score86Annual Premium$ 121
AllstateMoneyGeek Score82Annual Premium$ 123
TravelersMoneyGeek Score80Annual Premium$ 148
NationwideMoneyGeek Score77Annual Premium$ 155
FarmersMoneyGeek Score71Annual Premium$ 159
ChubbMoneyGeek Score49Annual Premium$ 264

Cheapest Renters Insurance With a High Deductible in Modesto, CA

Modesto 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: $59 per year
  • State Farm: $119 per year

A deductible is the amount you pay out of pocket before your insurance covers the rest. While a higher deductible can lower your premium, choosing an amount you can comfortably pay is crucial if you need to file a claim.

Cheapest High Deductible Renters Insurance in Modesto, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
Deductible:
Deductible:$ 2,000
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 59
State FarmMoneyGeek Score83Annual Premium$ 119
TravelersMoneyGeek Score86Annual Premium$ 120
NationwideMoneyGeek Score84Annual Premium$ 122
AllstateMoneyGeek Score77Annual Premium$ 123
FarmersMoneyGeek Score71Annual Premium$ 156
ChubbMoneyGeek Score61Annual Premium$ 245
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HOW TO SET YOUR DEDUCTIBLE

If you file a claim, choose a deductible amount that you can comfortably pay out of pocket. Opting for a higher deductible can lower your premium, leading to overall cost savings while maintaining adequate coverage.

Best Renters Insurance for Customer Service in Modesto, CA

In Modesto, Travelers is the best renters insurance company for service quality, with an average annual premium of $148 for $20,000 in personal property coverage.

  • Travelers: MoneyGeek score of 96 out of 100 ($148 per year)
  • Nationwide: MoneyGeek score of 95 out of 100 ($155 per year)

Great 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 Modesto for customer satisfaction, coverages and financial stability, with an average annual premium of $148.

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 item listings.

Best Renters Insurance For Service Quality in Modesto, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
TravelersMoneyGeek Score96Annual Premium$ 148
NationwideMoneyGeek Score95Annual Premium$ 155
ChubbMoneyGeek Score93Annual Premium$ 264
State FarmMoneyGeek Score86Annual Premium$ 121
AllstateMoneyGeek Score77Annual Premium$ 123
FarmersMoneyGeek Score77Annual Premium$ 159
Capital Insurance GroupMoneyGeek Score61Annual Premium$ 76

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

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

  • Travelers: MoneyGeek score of 90 out of 100 ($359 per year)
  • State Farm: MoneyGeek score of 90 out of 100 ($321 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:
90/ of 100

Overview

Travelers ranks first in affordability and customer satisfaction for insuring expensive homes in Modesto, with an annual premium of $359.

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 Modesto, CA
TravelersMoneyGeek Score90Annual Premium$ 359
State FarmMoneyGeek Score90Annual Premium$ 321
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 233
AllstateMoneyGeek Score81Annual Premium$ 379
NationwideMoneyGeek Score80Annual Premium$ 494
FarmersMoneyGeek Score79Annual Premium$ 399
ChubbMoneyGeek Score61Annual Premium$ 816
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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 Modesto, CA

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

  • USAA: MoneyGeek score of 100 out of 100 ($85 per year)
  • State Farm: MoneyGeek score of 86 out of 100 ($121 per year)

USAA offers a range of products tailored to those with a military background, providing discounts and coverages that suit their lifestyle. It's also the cheapest option for military members in the city.

Company logo for USAA
Best for MilitaryUSAA
MoneyGeek Score:
100/ of 100

Overview

USAA is the top renters insurance provider for military members in Modesto. It offers excellent customer service and comprehensive coverage tailored to service members and veterans for just $85 annually. Policyholders can further reduce their premiums through discounts for bundling and living on a military base.

USAA's policies include contents replacement cost coverage, which covers the full replacement value of stolen or damaged items, and worldwide personal property coverage, protecting belongings even during deployments abroad.

Best Renters Insurance for Military in Modesto, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
USAAMoneyGeek Score100Annual Premium$ 85
State FarmMoneyGeek Score86Annual Premium$ 121
TravelersMoneyGeek Score84Annual Premium$ 148
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 76
NationwideMoneyGeek Score81Annual Premium$ 155
AllstateMoneyGeek Score81Annual Premium$ 123
FarmersMoneyGeek Score74Annual Premium$ 159
ChubbMoneyGeek Score61Annual Premium$ 264

Average Cost of Renters Insurance in Modesto, CA

The average cost of renters insurance in Modesto is $149 annually or $12 monthly. This is slightly above the state average of $148 per year and the national average of $145 per year. These rates 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 Modesto

Various factors can influence the cost of renters insurance in Modesto. 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 Modesto, 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 hotel and meal 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 Modesto

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 Modesto, CA

Choosing the best renters insurance provider in Modesto depends on your needs. Here are answers to frequently asked questions to guide you.

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