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


Updated: September 13, 2024

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The best renters insurance company in Ontario, California, is Nationwide, with a MoneyGeek score of 89 and an average annual premium of $116 for $20,000 in personal property coverage. The cheapest is Capital Insurance Group, with a MoneyGeek score of 89 and an annual premium of $77.

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 $143. MoneyGeek also evaluated the best and cheapest renters insurance in California for those who live elsewhere in the state.

MoneyGeek Logo IconBest & CheapestRentersOntario, CA
2024

Table of Contents

Why Trust MoneyGeek? To determine the top renters insurance in Ontario, we sourced information from the California Department of Insurance and Quadrant Information Services.

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

768Quotes Analyzed
 
8Providers Analyzed
 
2ZIP Codes

Overall Best Renters Insurance in Ontario, CA

The providers with the best renters insurance in Ontario for a policy with $20,000 in personal property coverage are:

  • Nationwide: MoneyGeek score of 89 out of 100 ($116 per year)
  • State Farm: MoneyGeek score of 86 out of 100 ($121 per year)

Nationwide has an affordability score of 47 out of 55 and a customer satisfaction score of 28 out of 30, balancing cost and service quality.

Company logo for Nationwide
Best OverallNationwide
MoneyGeek Score:
89/ of 100

Overview

Nationwide ranks first in Ontario for coverages, with an annual premium of $116. It offers credit card forgery coverage, which financially protects against unauthorized transactions on credit and debit cards, forged checks and counterfeit money. Additionally, Nationwide’s theft from vehicles coverage provides extra protection for your valuables stored in or on any motor vehicle, trailer or watercraft.

Best Renters Insurance in Ontario, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
NationwideMoneyGeek Score89Annual Premium$ 116
State FarmMoneyGeek Score86Annual Premium$ 121
TravelersMoneyGeek Score85Annual Premium$ 143
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 77
AllstateMoneyGeek Score81Annual Premium$ 120
FarmersMoneyGeek Score70Annual Premium$ 175
ChubbMoneyGeek Score61Annual Premium$ 260

Cheapest Renters Insurance in Ontario, CA

In Ontario, Capital Insurance Group offers the cheapest renters insurance with an annual premium of $77 for $20,000 in personal property coverage.

  • Capital Insurance Group: $77 per year
  • Nationwide: $116 per year

Personal property coverage helps replace or repair your belongings if damaged, lost or stolen. Cheap renters insurance policies often have lower personal property coverage limits. Higher coverage limits can lead to higher monthly costs but offer better protection if you have many personal belongings.

Cheapest Renters Insurance in Ontario, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
Capital Insurance GroupMoneyGeek Score89Annual Premium$ 77
NationwideMoneyGeek Score87Annual Premium$ 116
State FarmMoneyGeek Score86Annual Premium$ 121
AllstateMoneyGeek Score82Annual Premium$ 120
TravelersMoneyGeek Score81Annual Premium$ 143
FarmersMoneyGeek Score66Annual Premium$ 175
ChubbMoneyGeek Score49Annual Premium$ 260

Cheapest Renters Insurance With a High Deductible in Ontario, CA

Capital Insurance Group offers Ontario's best and cheapest renters insurance for a policy with $20,000 in personal property coverage and a $2,000 deductible. Here are the top options for higher deductible policies:

  • Capital Insurance Group: $60 per year
  • Nationwide: $91 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 Ontario, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
Deductible:
Deductible:$ 2,000
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 60
NationwideMoneyGeek Score90Annual Premium$ 91
TravelersMoneyGeek Score87Annual Premium$ 116
State FarmMoneyGeek Score83Annual Premium$ 119
AllstateMoneyGeek Score78Annual Premium$ 120
FarmersMoneyGeek Score67Annual Premium$ 171
ChubbMoneyGeek Score61Annual Premium$ 240
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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 the financial protection you need.

Best Renters Insurance for Customer Service in Ontario, CA

In Ontario, Travelers is the best renters insurance company for service quality, with an average annual premium of $143 for $20,000 in personal property coverage.

  • Travelers: MoneyGeek score of 96 out of 100 ($143 per year)
  • Nationwide: MoneyGeek score of 95 out of 100 ($116 per year)

Great customer service is crucial for renters, as it ensures a smooth experience, particularly when filing a claim. For instance, with a provider known for excellent service, you can expect quick, helpful responses that make the claims process less stressful. MoneyGeek evaluates insurers using J.D. Power surveys, which assess customer satisfaction with policy offerings, pricing, billing and claims handling.

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

Overview

Travelers ranks first in Ontario for customer satisfaction and coverages, with an average annual premium of $143.

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 Ontario, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
TravelersMoneyGeek Score96Annual Premium$ 143
NationwideMoneyGeek Score95Annual Premium$ 116
ChubbMoneyGeek Score93Annual Premium$ 260
State FarmMoneyGeek Score86Annual Premium$ 121
AllstateMoneyGeek Score77Annual Premium$ 120
FarmersMoneyGeek Score77Annual Premium$ 175
Capital Insurance GroupMoneyGeek Score61Annual Premium$ 77

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

For $100,000 in personal property coverage, the top renters insurance providers in Ontario are:

  • State Farm: MoneyGeek score of 92 out of 100 ($288 per year)
  • Travelers: MoneyGeek score of 91 out of 100 ($347 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 State Farm
Best High Personal Property LimitState Farm
MoneyGeek Score:
92/ of 100

Overview

State Farm is the top insurer for renters with expensive homes in Ontario, offering high affordability and customer satisfaction. With an annual premium of $288, it provides valuable coverages like cyber event/ID theft, which covers identity theft restoration costs, and earthquake protection, essential in California for covering earthquake-related damage.

Best Renters Insurance for High Personal Property Limits in Ontario, CA
State FarmMoneyGeek Score92Annual Premium$ 288
TravelersMoneyGeek Score91Annual Premium$ 347
NationwideMoneyGeek Score89Annual Premium$ 354
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 238
AllstateMoneyGeek Score81Annual Premium$ 370
FarmersMoneyGeek Score75Annual Premium$ 460
ChubbMoneyGeek Score61Annual Premium$ 796
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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 Ontario, CA

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

  • USAA: MoneyGeek score of 100 out of 100 ($163 per year)
  • Nationwide: MoneyGeek score of 89 out of 100 ($116 per year)

USAA offers a range of products tailored to the needs of active military members, veterans and their families. Although other insurers have lower premiums, USAA's specialized offerings make it a better overall choice for service members.

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

Overview

USAA is the top insurance provider for renters with a military background in Ontario. With an annual premium of $163, USAA excels in customer satisfaction and coverage. Its contents replacement cost coverage ensures you can replace stolen or damaged items, like a TV, with new ones without deducting for depreciation. The worldwide personal property coverage financially protects your belongings while deployed abroad.

Best Renters Insurance for Veterans in Ontario, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
USAAMoneyGeek Score100Annual Premium$ 163
NationwideMoneyGeek Score89Annual Premium$ 116
State FarmMoneyGeek Score86Annual Premium$ 121
TravelersMoneyGeek Score85Annual Premium$ 143
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 77
AllstateMoneyGeek Score81Annual Premium$ 120
FarmersMoneyGeek Score70Annual Premium$ 175
ChubbMoneyGeek Score61Annual Premium$ 260

Average Cost of Renters Insurance in Ontario, CA

The average cost of renters insurance in Ontario is $145 annually or $12 monthly, which is $3 cheaper than the California state average of $148 and matches the national average of $145. These rates are based on a policy with $20,000 personal property coverage, $100,000 liability coverage and a $1,000 deductible.

Renters insurance 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 Ontario

The cost of renters insurance in Ontario depends on several factors. 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 Ontario, 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 damage or theft. For example, if a fire in California destroys your furniture, this coverage helps you replace it.
  • 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 fees and medical bills.
  • Loss of use coverage: Covers additional living expenses if your rental becomes uninhabitable due to a covered loss. For example, if an earthquake makes your California apartment unlivable, loss of use coverage can help pay for temporary housing 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 Ontario

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 Ontario, CA

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

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