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


Updated: September 13, 2024

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Travelers is the best renters insurance company in Pasadena, California, with a MoneyGeek score of 92 and an average annual premium of $121. Capital Insurance Group is the cheapest renters insurance provider in Pasadena, with a MoneyGeek score of 89 and an average annual premium of $71. The best and cheapest quotes are based on $20,000 in personal property coverage.

The best homeowners insurance provider should offer a balance of customer service with affordability. Depending on your needs, other providers may be best. MoneyGeek also looked into the best and cheapest renters insurance in California for those who live elsewhere in the state.

MoneyGeek Logo IconBest & CheapestRentersPasadena, CA
2024

Table of Contents

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

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

768Quotes Analyzed
 
8Providers Analyzed
 
2ZIP Codes

Overall Best Renters Insurance in Pasadena, CA

Travelers is the best renters insurance provider in Pasadena, California, with a MoneyGeek score of 92 out of 100 and an average annual premium of $121. The following are the top two best renters insurance providers in Pasadena for a policy with $20,000 in personal property coverage, $100,000 in personal liability and a $1,000 deductible.

  • Travelers: MoneyGeek score of 92 out of 100 ($121 per year)
  • Nationwide: MoneyGeek score of 90 out of 100 ($125 per year)

Travelers effectively balances cost and affordability, with an affordability score of 49 out of 55 and a customer satisfaction score of 28 out of 30.

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

Overview

Travelers ranks first in Pasadena for coverage, with an average annual premium of $121. It offers contents replacement cost coverage, which ensures your personal property is replaced at its current value without depreciation. This coverage benefits renters by covering losses up to policy limits, including special items like jewelry. Travelers' valuable items insurance protects high-value items such as jewelry and fine art against a wide range of losses. This coverage allows renters to add higher limits without needing appraisals or item listings.

Best Renters Insurance in Pasadena, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
TravelersMoneyGeek Score92Annual Premium$ 121
NationwideMoneyGeek Score90Annual Premium$ 125
State FarmMoneyGeek Score89Annual Premium$ 121
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 71
AllstateMoneyGeek Score81Annual Premium$ 143
FarmersMoneyGeek Score79Annual Premium$ 160
ChubbMoneyGeek Score61Annual Premium$ 366

Cheapest Renters Insurance in Pasadena, CA

In Pasadena, California, Capital Insurance Group offers the cheapest renters insurance, with an average annual premium of $71 for $20,000 in personal property coverage. The following providers are the top two cheapest in Pasadena for $20,000 in personal property coverage and a $1,000 deductible, with MoneyGeek rating the cheapest renters insurance with minimal consideration for customer service.

  • Capital Insurance Group: $71 per year
  • State Farm: $121 per year

Personal property coverage helps protect your belongings from theft, damage or loss. Cheap renters insurance policies often have low personal property coverage limits. Higher personal property coverage limits can lead to higher monthly costs but offer better protection if you have many personal belongings.

Cheapest Renters Insurance in Pasadena, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
TravelersMoneyGeek Score90Annual Premium$ 121
Capital Insurance GroupMoneyGeek Score89Annual Premium$ 71
State FarmMoneyGeek Score89Annual Premium$ 121
NationwideMoneyGeek Score88Annual Premium$ 125
AllstateMoneyGeek Score82Annual Premium$ 143
FarmersMoneyGeek Score78Annual Premium$ 160
ChubbMoneyGeek Score49Annual Premium$ 366

Cheapest Renters Insurance With a High in Deductible Pasadena, CA

In Pasadena, California, Capital Insurance Group offers the cheapest renters insurance for a policy with $20,000 in personal property coverage and a $2,000 deductible at an average annual premium of $55. The following providers are the top two cheapest in Pasadena for $20,000 in personal property coverage and a $2,000 deductible:

  • Capital Insurance Group: $55 per year
  • Travelers: $98 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. Renters should consider their financial situation and risk tolerance when choosing a deductible.

Cheapest High Deductible Renters Insurance in Pasadena, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
Deductible:
Deductible:$ 2,000
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 55
TravelersMoneyGeek Score93Annual Premium$ 98
NationwideMoneyGeek Score91Annual Premium$ 99
State FarmMoneyGeek Score87Annual Premium$ 119
AllstateMoneyGeek Score79Annual Premium$ 143
FarmersMoneyGeek Score77Annual Premium$ 156
ChubbMoneyGeek Score61Annual Premium$ 338
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HOW TO SET YOUR DEDUCTIBLE

When choosing a deductible, make sure it's an amount you can comfortably pay out of pocket if you need to file a claim. Opting for a higher deductible can lower your premium, leading to overall cost savings while providing adequate coverage.

Best Renters Insurance for Customer Service in Pasadena, CA

In Pasadena, California, Travelers is the best renters insurance company for service quality, with an average annual premium of $121. These are the top two best providers in Pasadena, 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 ($121 per year)
  • Nationwide: MoneyGeek score of 95 out of 100 ($125 per year)

Excellent customer service is important for renters looking for insurance because it ensures a smooth and supportive insurance experience. For example, when you make a claim, excellent customer service means prompt responses and efficient handling of your situation. MoneyGeek scores renters insurance providers based on J.D. Power surveys, which measure customer satisfaction in the context of renters insurance.

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

Overview

Travelers ranks first in customer satisfaction and coverage in Pasadena, California, making it the top choice for renters. With an average annual premium of $121, it is the cheapest provider in the area. The company offers contents replacement cost coverage, which reimburses you for the full replacement cost of your personal property without depreciation. Valuable items insurance protects high-value items like jewelry and fine art, providing extended coverage without requiring appraisals or item listings.

Best Renters Insurance for Service Quality in Pasadena, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
TravelersMoneyGeek Score96Annual Premium$ 121
NationwideMoneyGeek Score95Annual Premium$ 125
ChubbMoneyGeek Score93Annual Premium$ 366
State FarmMoneyGeek Score86Annual Premium$ 121
AllstateMoneyGeek Score77Annual Premium$ 143
FarmersMoneyGeek Score77Annual Premium$ 160
Capital Insurance GroupMoneyGeek Score61Annual Premium$ 71

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

For renters in Pasadena, California, needing substantial personal property coverage, Travelers stands out with an average annual premium of $290 for $100,000 in coverage. In Pasadena, the top two providers for $100K in personal property coverage are:

  • Travelers: MoneyGeek score of 96 out of 100 ($290 per year)
  • State Farm: MoneyGeek score of 94 out of 100 ($247 per year)

Renters with a significant number of belongings often require higher personal property coverage. This type of coverage protects against the loss of personal items within the rental property.

While higher coverage levels typically incur higher costs, it's important to find a provider that offers a good balance of affordability and excellent service. Be aware that high-value items like jewelry or art may not be covered under standard policies and could necessitate additional coverage.

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

Overview

Travelers ranks first in affordability and customer satisfaction for expensive homes in Pasadena, with an average annual premium of $290. It offers contents replacement cost and valuable items insurance. Contents replacement cost covers personal property losses based on replacement cost without depreciation. Valuable items insurance protects high-value items like jewelry and fine art from various losses.

Best Renters Insurance for High Personal Property Limits in Pasadena, CA
TravelersMoneyGeek Score96Annual Premium$ 290
State FarmMoneyGeek Score94Annual Premium$ 247
NationwideMoneyGeek Score91Annual Premium$ 388
FarmersMoneyGeek Score84Annual Premium$ 401
AllstateMoneyGeek Score82Annual Premium$ 443
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 219
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 Pasadena, CA

USAA is the top-ranked renters insurance company in Pasadena, exclusively serving those with military backgrounds. These are the top two best providers for military members in Pasadena for a policy with $20,000 in personal property coverage:

  • USAA: MoneyGeek score of 100 out of 100 ($163 per year)
  • Travelers: MoneyGeek score of 92 out of 100 ($121 per year)

USAA offers a range of products tailored for those with a military background, 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 Pasadena. It leads in customer satisfaction and offers the best coverages at an affordable rate, with an average annual premium of $163. Its contents replacement cost ensures new-for-old replacements for stolen or damaged items. Worldwide personal property coverage protects belongings even when deployed or living abroad. These features provide security and financial protection for military families on the move.

Best Renters Insurance for Military in Pasadena, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
USAAMoneyGeek Score100Annual Premium$ 163
TravelersMoneyGeek Score92Annual Premium$ 121
NationwideMoneyGeek Score90Annual Premium$ 125
State FarmMoneyGeek Score89Annual Premium$ 121
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 71
AllstateMoneyGeek Score81Annual Premium$ 143
FarmersMoneyGeek Score79Annual Premium$ 160
ChubbMoneyGeek Score61Annual Premium$ 366

Average Cost of Renters Insurance in Pasadena, CA

The average cost of renters insurance in Pasadena, California, is $158 annually or $13 monthly. This rate is higher than the California state average of $148 annually and the national average of $145 annually. 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 note that the average cost of renters insurance in Pasadena 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 Pasadena

Various factors can influence the cost of renters insurance in Pasadena, California. For instance, living in a high-crime area can increase premiums, while choosing higher coverage amounts typically raises costs. Understanding these factors helps you make informed decisions when selecting your policy. Below are key factors that can impact renters insurance costs:

  • Location: Areas with higher crime rates can lead to increased premiums due to the higher risk of theft or vandalism.
  • Coverage Amount: Opting for more extensive coverage will generally result in higher insurance costs.
  • Deductibles: Higher deductibles can lower your monthly premiums, but you'll pay more out of pocket in case of a claim.
  • Credit Score: A better credit score can often result in lower insurance rates as it indicates financial responsibility.
  • Claims History: Frequent claims can lead to higher premiums because insurers may see you as a higher risk.

What Renters Insurance Covers in Pasadena, CA

Renters insurance provides coverage for personal property, liability and additional living expenses. It protects your belongings against theft, fire and other covered events. Purchasing renters insurance is important because it safeguards you from unexpected losses and liabilities, offering financial protection. Here’s what renters insurance typically covers:

  • Personal Property Coverage: This coverage protects your belongings from theft, fire and other perils. For example, if a wildfire damages your apartment in California, your insurance can help replace your furniture and electronics.
  • Personal Liability Coverage: This coverage helps if you're legally responsible for someone else's injury or property damage. For instance, if a guest slips and falls in your California rental, your insurance can cover their medical expenses.
  • Loss of Use Coverage: This covers additional living expenses if your rental becomes uninhabitable. For example, if an earthquake renders your California apartment unlivable, loss of use coverage can cover hotel costs and meals.
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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 Pasadena

Renters insurance in Pasadena does not cover everything, often excluding natural disasters and high-value items. Here's a list of what renters insurance typically doesn't cover:

  • Natural Disasters: Earthquakes, floods and other natural disasters are usually not covered.
  • High-Value Items: Jewelry, electronics and other high-value items may have coverage limits.

FAQ: Renters Insurance in Pasadena, CA

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