Best and Cheapest Renters Insurance in Oxnard, CA (June 2024)


Updated: September 13, 2024

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Nationwide is the best renters insurance company in Oxnard, California, with a MoneyGeek score of 91 and an average annual premium of $98. Capital Insurance Group is the cheapest provider, with a MoneyGeek score of 89 and an annual premium of around $67. 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 instance, Travelers excels in service quality and has an average annual premium of $118. MoneyGeek also looked into the best and cheapest renters insurance in California for those who live elsewhere in the state.

MoneyGeek Logo IconBest & CheapestRentersOxnard, CA
2024

Table of Contents

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

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

768Quotes Analyzed
 
8Providers Analyzed
 
2ZIP Codes

Overall Best Renters Insurance in Oxnard, CA

Nationwide is the best renters insurance provider in Oxnard, California, with a MoneyGeek score of 91 out of 100 and an average annual premium of $98. These are the top two best renters insurance providers in Oxnard for a policy with $20,000 in personal property coverage, $100,000 in personal liability and a $1,000 deductible:

  • Nationwide: MoneyGeek score of 91 out of 100 ($98 per year)
  • Travelers: MoneyGeek score of 88 out of 100 ($118 per year)

Nationwide has perfectly balanced customer satisfaction and affordability, with an affordability score of 49 out of 55.

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

Overview

Nationwide ranks first in coverage in Oxnard, California, with an average annual premium of $98. It offers coverages like credit card forgery and theft from vehicles. Credit card forgery coverage pays for unauthorized transactions on your credit cards and bank debit/ATM card, as well as forged checks and counterfeit money. Theft from vehicles coverage extends protection to personal belongings stored in or on any motor vehicle, trailer or watercraft, providing extra security for renters.

Best Renters Insurance in Oxnard, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
NationwideMoneyGeek Score91Annual Premium$ 98
TravelersMoneyGeek Score88Annual Premium$ 118
AllstateMoneyGeek Score85Annual Premium$ 93
State FarmMoneyGeek Score85Annual Premium$ 121
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 67
FarmersMoneyGeek Score72Annual Premium$ 159
ChubbMoneyGeek Score61Annual Premium$ 256

Cheapest Renters Insurance in Oxnard, CA

In Oxnard, California, Capital Insurance Group offers the cheapest renters insurance, with an average annual premium of $67 for $20,000 in personal property coverage. These are the top two cheapest providers in Oxnard for $20,000 in personal property coverage and a $1,000 deductible, with MoneyGeek's rating having minimal consideration for customer service:

  • Capital Insurance Group: $67 per year
  • Allstate: $93 per year

Personal property coverage protects your belongings from damage or theft. Cheap renters insurance policies often have low personal property coverage limits. While higher coverage limits can increase your monthly costs, they offer better protection if you have many personal belongings.

Cheapest Renters Insurance in Oxnard, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
Capital Insurance GroupMoneyGeek Score89Annual Premium$ 67
NationwideMoneyGeek Score89Annual Premium$ 98
AllstateMoneyGeek Score87Annual Premium$ 93
TravelersMoneyGeek Score86Annual Premium$ 118
State FarmMoneyGeek Score83Annual Premium$ 121
FarmersMoneyGeek Score69Annual Premium$ 159
ChubbMoneyGeek Score49Annual Premium$ 256

Cheapest Renters Insurance With a High Deductible in Oxnard, CA

In Oxnard, California, Capital Insurance Group offers the cheapest renters insurance for a policy with $20,000 in personal property coverage and a $2,000 deductible, with an average annual premium of $52. These are the top two cheapest providers in Oxnard for the same coverage and deductible:

  • Capital Insurance Group: $52 per year
  • Nationwide: $78 per year

A deductible is the amount you pay out of pocket before your insurance kicks in, 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 the deductible if you need to file a claim. This balance helps you manage costs and provides the necessary coverage when needed.

Cheapest High Deductible Renters Insurance in Oxnard, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
Deductible:
Deductible:$ 2,000
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 52
NationwideMoneyGeek Score92Annual Premium$ 78
AllstateMoneyGeek Score82Annual Premium$ 93
TravelersMoneyGeek Score89Annual Premium$ 96
State FarmMoneyGeek Score82Annual Premium$ 119
FarmersMoneyGeek Score69Annual Premium$ 156
ChubbMoneyGeek Score61Annual Premium$ 237
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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 providing the financial protection you need.

Best Renters Insurance for Customer Service in Oxnard, CA

In Oxnard, California, Travelers is the best renters insurance company for service quality, with an average annual premium of $118. These are the top two best providers in Oxnard, 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 ($118 per year)
  • Nationwide: MoneyGeek score of 95 out of 100 ($98 per year)

GExcellentcustomer service is important for renters because it ensures a smooth experience when filing a claim. For example, when you make a claim, a responsive and helpful service can make the process less stressful and quicker, ensuring you promptly get the support you need. MoneyGeek scores renters insurance providers and their customer satisfaction based on J.D. Power surveys, which measure how well companies meet renters' needs.

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

Overview

In Oxnard, California, Travelers ranks first in customer satisfaction and coverages. With an average annual premium of $118, it is the cheapest provider in the city. It 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 provides additional protection for high-value items like jewelry and fine art without needing appraisals or item listings.

Best Renters Insurance for Service Quality in Oxnard, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
TravelersMoneyGeek Score96Annual Premium$ 118
NationwideMoneyGeek Score95Annual Premium$ 98
ChubbMoneyGeek Score93Annual Premium$ 256
State FarmMoneyGeek Score86Annual Premium$ 121
AllstateMoneyGeek Score77Annual Premium$ 93
FarmersMoneyGeek Score77Annual Premium$ 159
Capital Insurance GroupMoneyGeek Score61Annual Premium$ 67

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

State Farm offers the best value for renters in Oxnard, California, needing high personal property coverage, with an average annual premium of $236 for $100,000 in coverage. For $100,000 in personal property coverage, these are the top two best providers in Oxnard:

  • State Farm: MoneyGeek score of 93 out of 100 ($236 per year)
  • Travelers: MoneyGeek score of 93 out of 100 ($287 per year)

Renters with numerous belongings often require higher personal property coverage, which protects items like furniture, electronics and clothing from loss or damage. This coverage is essential for renters with a substantial amount of personal belongings.

While more coverage typically means a higher premium, it's important to find a provider that offers both affordability and excellent service. High-value items, such as jewelry or art, may not be covered under a standard policy and might necessitate additional coverage to ensure full protection.

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

Overview

State Farm is the best and cheapest option for Oxnard renters needing a large amount of personal property coverage. It offers a balance of affordability and customer satisfaction, with an average annual premium of $210. State Farm provides identity restoration insurance — including cyber event, identity restoration and fraud loss coverage — safeguarding renters against online threats.

Best Renters Insurance for High Personal Property Limits in Oxnard, CA
State FarmMoneyGeek Score93Annual Premium$ 236
TravelersMoneyGeek Score93Annual Premium$ 287
NationwideMoneyGeek Score91Annual Premium$ 292
AllstateMoneyGeek Score85Annual Premium$ 284
FarmersMoneyGeek Score83Annual Premium$ 316
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 206
ChubbMoneyGeek Score61Annual Premium$ 780
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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 Oxnard, CA

USAA is the top renters insurance company for those with military backgrounds in Oxnard, with an average annual premium of $147. These are the top two best providers in Oxnard for military members:

  • USAA: MoneyGeek score of 100 out of 100 ($147 per year)
  • Nationwide: MoneyGeek score of 91 out of 100 ($98 per year)

USAA offers various products tailored to those with military backgrounds, 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 Oxnard, leading in customer satisfaction and coverage. With an average annual premium of $147, it's also a top choice for affordability. USAA's contents replacement cost coverage ensures that policyholders can replace their items with new ones in the event of a loss, reflecting the actual cost of replacement. The worldwide personal property coverage offers security for military members on deployment, protecting their belongings anywhere in the world.

Best Renters Insurance for Military in Oxnard, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
USAAMoneyGeek Score100Annual Premium$ 147
NationwideMoneyGeek Score91Annual Premium$ 98
TravelersMoneyGeek Score88Annual Premium$ 118
AllstateMoneyGeek Score85Annual Premium$ 93
State FarmMoneyGeek Score85Annual Premium$ 121
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 67
FarmersMoneyGeek Score72Annual Premium$ 159
ChubbMoneyGeek Score61Annual Premium$ 256

Average Cost of Renters Insurance in Oxnard, CA

The average cost of renters insurance in Oxnard, California, is $130 annually or $11 monthly. This rate is $18 cheaper annually than the California state average of $148 and $15 cheaper than 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 Oxnard 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 Oxnard

The cost of renters insurance in Oxnard, 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 the event ofcase
  • 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 Oxnard, CA

Renters insurance covers personal property, liability and additional living expenses. It protects against theft, fire and certain natural disasters. Purchasing renters insurance is important because it provides financial protection and helps avoid significant out-of-pocket expenses in case of unexpected events. Here’s a breakdown of what renters insurance typically covers:

  • Personal Property Coverage: This protects your belongings against damage or theft. For example, a California renter whose apartment is burglarized would have their stolen items replaced.
  • Personal Liability Coverage: This covers legal and medical expenses if someone is injured in your rental property. For instance, if a guest slips and falls in your California apartment, this coverage would handle the medical bills.
  • Loss of Use Coverage: This covers additional living expenses if your rental becomes uninhabitable. For example, if a fire damages your California apartment, loss of use coverage would pay for temporary housing.
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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 Oxnard

Renters insurance in Oxnard does not cover everything, including flood and earthquake damage. Here are some specific exclusions to be aware of:

  • Flood Damage: Renters insurance does not cover damage caused by flooding.
  • Earthquake Damage: Damage from earthquakes is typically not covered by renters insurance.

FAQ: Renters Insurance in Oxnard, CA

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