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


Updated: September 13, 2024

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The best renters insurance company in Norwalk, California is Travelers with a MoneyGeek score of 96 and an annual premium of $116. The cheapest provider is Capital Insurance Group with a MoneyGeek score of 89 and an annual premium of $103.

The best homeowners insurance should balance customer service with affordability.
Depending on your needs, other providers may be best; for instance, Travelers also excels in service quality with an annual premium of $116.
MoneyGeek also looked into the best and cheapest renters insurance in california for those who live elsewhere in the state.

MoneyGeek Logo IconBest & CheapestRentersNorwalk, CA
2024

Table of Contents

Why Trust MoneyGeek? To pinpoint the top renters insurance in California, we've analyzed information from the California Department of Insurance and Quadrant Information Services, specifically for Norwalk.

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

786Quotes Analyzed
 
8Providers Analyzed
 
1ZIP Codes

Overall Best Renters Insurance in Norwalk, CA

The best renters insurance in Norwalk, California is Travelers, with a MoneyGeek score of 96 out of 100 and an annual premium of $116. The following providers are the top two best renters insurance providers in Norwalk for a policy with $20,000 in personal property coverage, $100,000 in personal liability, and a $1,000 deductible.

  • Travelers: MoneyGeek score of 96 out of 100 ($116 per year)
  • Nationwide: MoneyGeek score of 94 out of 100 ($125 per year)

The best provider in the state is one that balances both cost and affordability. Travelers has perfectly balanced customer satisfaction and affordability, with an affordability score of 53 out of 55.

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

Overview

Travelers ranks first in Norwalk, California, for coverage, with an annual premium of $116. Travelers offers contents replacement cost and valuable items insurance. Contents replacement cost covers the replacement cost of personal property without depreciation, ensuring renters can replace lost items at current market value.

Best Renters Insurance in Norwalk, California
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
TravelersMoneyGeek Score96Annual Premium$ 116
NationwideMoneyGeek Score94Annual Premium$ 125
State FarmMoneyGeek Score93Annual Premium$ 121
AllstateMoneyGeek Score88Annual Premium$ 115
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 103
FarmersMoneyGeek Score82Annual Premium$ 161
ChubbMoneyGeek Score61Annual Premium$ 366

Cheapest Renters Insurance in Norwalk, CA

Capital Insurance Group offers the cheapest renters insurance in Norwalk, CA, with an annual premium of $103 for $20,000 in personal property coverage. The following providers are the top two cheapest providers in Norwalk for $20,000 in personal property coverage and a $1,000 deductible, with MoneyGeek rating the cheapest renters insurance in Norwalk with minimal consideration for customer service:

  • Capital Insurance Group: $103 per year
  • Allstate: $115 per year

Personal property coverage protects your belongings, such as furniture, electronics, and clothing, against risks like theft or damage. Cheap renters insurance policies often have low personal property coverage limits. While these plans are more affordable, opting for higher coverage limits can increase your monthly costs but provide better protection if you own many personal belongings.

Cheapest Renters Insurance in Norwalk, California
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
TravelersMoneyGeek Score96Annual Premium$ 116
State FarmMoneyGeek Score94Annual Premium$ 121
NationwideMoneyGeek Score93Annual Premium$ 125
AllstateMoneyGeek Score92Annual Premium$ 115
Capital Insurance GroupMoneyGeek Score89Annual Premium$ 103
FarmersMoneyGeek Score82Annual Premium$ 161
ChubbMoneyGeek Score49Annual Premium$ 366

Cheapest Renters Insurance With a High Deductible Norwalk, CA

Travelers offers the cheapest renters insurance in Norwalk, California, for a policy with $20,000 in personal property coverage and a $2,000 deductible, with an annual premium of $94. A deductible is the amount you pay out-of-pocket before your insurance covers the rest and can affect your rates. The following providers are the top two cheapest in Norwalk for $20,000 in personal property coverage and a $2,000 deductible:

  • Travelers: $94 per year
  • Capital Insurance Group: $80 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 the deductible if you need to file a claim. Renters should consider their financial situation and risk tolerance when choosing a deductible.

Cheapest High Deductible Renters Insurance in Norwalk, California
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
Deductible:
Deductible:$ 2,000
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 80
TravelersMoneyGeek Score96Annual Premium$ 94
NationwideMoneyGeek Score94Annual Premium$ 99
AllstateMoneyGeek Score85Annual Premium$ 115
State FarmMoneyGeek Score90Annual Premium$ 119
FarmersMoneyGeek Score79Annual Premium$ 157
ChubbMoneyGeek Score61Annual Premium$ 338
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HOW TO SET YOUR DEDUCTIBLE

Make sure the deductible is an amount you can pay out-of-pocket if you need to file a claim. Opting for a higher deductible can lower your premium costs, leading to overall savings while still ensuring you have adequate coverage.

Best Renters Insurance for Customer Service in Norwalk, CA

In Norwalk, California, Travelers is the best renters insurance company for service quality with an annual premium of $116. The following providers are the top two best in Norwalk 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 ($116 per year)
  • Nationwide: MoneyGeek score of 95 out of 100 ($125 per year)

Great customer service is important for renters looking for insurance. When you make a claim, excellent customer service ensures a smooth and stress-free process, helping you get back on your feet quickly.

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

Overview

In Norwalk, California, Travelers ranks first in customer satisfaction and coverages, with an annual premium of $116.
Travelers offers contents replacement cost and scheduled personal property coverages. Contents replacement cost ensures your personal property is replaced at current market value without depreciation. Scheduled personal property protects high-value items like jewelry and fine art from a variety of losses, without requiring appraisals or item listings.

Best Renters Insurance For Service Quality in Norwalk, California
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
TravelersMoneyGeek Score96Annual Premium$ 116
NationwideMoneyGeek Score95Annual Premium$ 125
ChubbMoneyGeek Score93Annual Premium$ 366
State FarmMoneyGeek Score86Annual Premium$ 121
AllstateMoneyGeek Score77Annual Premium$ 115
FarmersMoneyGeek Score77Annual Premium$ 161
Capital Insurance GroupMoneyGeek Score61Annual Premium$ 103

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

For renters in Norwalk, California seeking substantial protection for their belongings, Travelers stands out with an annual premium of $281 for $100,000 in personal property coverage. High personal property coverage ensures that renters have a safety net for a significant amount of their possessions. For $100K in personal property coverage, the following providers are the top two best providers in Norwalk:

  • Travelers: MoneyGeek score of 97 out of 100 ($281 per year)
  • State Farm: MoneyGeek score of 95 out of 100 ($246 per year)

Renters who own numerous valuable items often need higher personal property coverage, which safeguards against loss, damage, or theft of personal belongings within the rental unit. This increased coverage level typically results in a higher premium. Finding a provider that delivers both affordable rates and exceptional service is key, especially when you have a considerable number of possessions. Keep in mind that certain high-value items, like jewelry or art, may exceed standard policy limits and necessitate additional coverage.

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

Overview

Travelers ranks first in affordability and customer satisfaction for expensive homes in Norwalk, California, with an annual premium of $281.
Travelers offers contents replacement cost, which covers personal property losses based on replacement cost without depreciation. Additionally, scheduled personal property coverages protects high-value items like jewelry and fine art from various losses.

Best Renters Insurance for High Personal Property Limits in Norwalk, California
TravelersMoneyGeek Score97Annual Premium$ 281
State FarmMoneyGeek Score95Annual Premium$ 247
NationwideMoneyGeek Score92Annual Premium$ 388
AllstateMoneyGeek Score86Annual Premium$ 352
FarmersMoneyGeek Score84Annual Premium$ 404
Capital Insurance GroupMoneyGeek Score80Annual Premium$ 315
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 Norwalk, CA

In Norwalk, USAA is the top-ranked renters insurance provider exclusively for military members. The following providers are the top two best providers in Norwalk for veterans for a policy with $20,000 in personal property coverage.

  • USAA: MoneyGeek score of 100 out of 100 ($133 per year)
  • Travelers: MoneyGeek score of 96 out of 100 ($116 per year)

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

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

Overview

USAA stands out as the premier renters insurance provider for those with a military background in Norwalk, leading in customer satisfaction and coverage. With an annual premium of $133, it's a top choice for affordability and reliability.

USAA's contents replacement cost and worldwide personal property are key inclusions that offer peace of mind for military renters. The former ensures full replacement value for items, while the latter extends protection globally, a significant advantage for those stationed abroad.

Best Renters Insurance for Military in Norwalk, California
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
USAAMoneyGeek Score100Annual Premium$ 133
TravelersMoneyGeek Score96Annual Premium$ 116
NationwideMoneyGeek Score94Annual Premium$ 125
State FarmMoneyGeek Score93Annual Premium$ 121
AllstateMoneyGeek Score88Annual Premium$ 115
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 103
FarmersMoneyGeek Score82Annual Premium$ 161
ChubbMoneyGeek Score61Annual Premium$ 366

Average Cost of Renters Insurance in Norwalk, CA

The average cost of renters insurance in Norwalk, California, is $158 annually, or $13 monthly. This is higher than the state average of $148 and the national average of $145. 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 Norwalk may vary greatly depending on the amount of personal property coverage you purchase. Personal property coverage protects the value of your belongings in case of theft, damage, or loss. Use the calculator below to see how prices change 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 Norwalk

Renters insurance costs in Norwalk, California, can vary due to several factors. For instance, higher crime rates or the likelihood of natural disasters can increase premiums. Additionally, the value of your personal belongings and the level of coverage you choose also play a role. Understanding these factors is crucial when shopping for renters insurance, as it helps you find a policy that meets your needs without overpaying. Below are some key factors that affect renters insurance costs:

  • Location: Areas with higher crime rates or natural disaster risks tend to have higher premiums. Insurers charge more to cover these increased risks.
  • Coverage Amount: The more coverage you purchase, the higher your premiums will be. This ensures that your belongings are adequately protected.
  • Deductible: A higher deductible can lower your premium, but you'll pay more out-of-pocket in the event of a claim.
  • Credit Score: Insurers often use credit scores to determine premiums. A higher credit score can result in lower insurance costs.
  • Claims History: Previous insurance claims can lead to higher premiums. Insurers view a history of claims as an increased risk.

What Renters Insurance Covers in Norwalk, CA

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 safeguards your property and provides financial stability in unexpected situations.

  • Personal Property Coverage: This covers your belongings against damage or theft. For example, if a fire damages your apartment in California, your furniture and electronics would be covered.
  • Personal Liability Coverage: This protects you against legal claims for injury or property damage. If a guest slips and falls in your California rental, this coverage would help with medical bills and legal fees.
  • Loss Of Use Coverage: This pays for additional living expenses if your rental becomes uninhabitable. For instance, if an earthquake renders your California apartment unlivable, loss of use coverage would cover hotel costs and other expenses.
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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 Norwalk

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.

FAQ: Renters Insurance in Norwalk, CA

The best renters insurance provider for you in Norwalk ultimately depends on your needs. Below are some frequently asked questions to help you make an informed decision.

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