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


Updated: September 13, 2024

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Nationwide is the best renters insurance company in Sacramento, California, with a MoneyGeek score of 85 and an average annual premium of $132 for $20,000 in personal property coverage. The cheapest is Capital Insurance Group with a MoneyGeek score of 89 and an annual premium of $79.

The best provider balances customer service with affordability. Depending on your needs, other providers may be best. MoneyGeek also reviewed the best and cheapest renters insurance in California for those who live elsewhere in the state.

MoneyGeek Logo IconBest & CheapestRentersSacramento, CA
2024

Table of Contents

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

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

768Quotes Analyzed
 
8Providers Analyzed
 
3ZIP Codes

Overall Best Renters Insurance in Sacramento, CA

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

  • Nationwide: MoneyGeek score of 85 out of 100 ($132 per year)
  • State Farm: MoneyGeek score of 84 out of 100 ($129 per year)

Nationwide balances cost and service quality, earning an affordability score of 44 out of 55 and a customer satisfaction score of 28 out of 30.

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

Overview

Nationwide ranks first in Sacramento for coverages, with an average annual premium of $132. It offers credit card forgery coverage, which financially protects against unauthorized transactions on credit and debit cards, forged checks and counterfeit money. 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 Sacramento, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
NationwideMoneyGeek Score85Annual Premium$ 132
State FarmMoneyGeek Score84Annual Premium$ 129
AllstateMoneyGeek Score83Annual Premium$ 110
TravelersMoneyGeek Score83Annual Premium$ 150
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 79
FarmersMoneyGeek Score68Annual Premium$ 183
ChubbMoneyGeek Score61Annual Premium$ 249

Cheapest Renters Insurance in Sacramento, CA

In Sacramento, Capital Insurance Group offers the cheapest renters insurance with an annual premium of $79 for $20,000 in personal property coverage.

  • Capital Insurance Group: $79 per year
  • Allstate: $110 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 Sacramento, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
Capital Insurance GroupMoneyGeek Score89Annual Premium$ 79
AllstateMoneyGeek Score85Annual Premium$ 110
State FarmMoneyGeek Score83Annual Premium$ 129
NationwideMoneyGeek Score82Annual Premium$ 132
TravelersMoneyGeek Score78Annual Premium$ 150
FarmersMoneyGeek Score63Annual Premium$ 183
ChubbMoneyGeek Score49Annual Premium$ 249

Cheapest Renters Insurance With a High Deductible in Sacramento, CA

Capital Insurance Group offers Sacramento'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: $62 per year
  • Nationwide: $104 per year

A deductible is the amount you pay out of pocket before your insurance covers the rest. Higher deductibles usually mean lower premiums, while lower deductibles result in higher premiums. Balancing these factors ensures adequate coverage when filing a claim. Renters should consider their financial situation and potential risks when selecting a deductible.

Cheapest High Deductible Renters Insurance in Sacramento, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
Deductible:
Deductible:$ 2,000
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 62
NationwideMoneyGeek Score88Annual Premium$ 104
AllstateMoneyGeek Score80Annual Premium$ 110
TravelersMoneyGeek Score85Annual Premium$ 121
State FarmMoneyGeek Score81Annual Premium$ 127
FarmersMoneyGeek Score64Annual Premium$ 179
ChubbMoneyGeek Score61Annual Premium$ 231
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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 still having the financial protection you need.

Best Renters Insurance for Customer Service in Sacramento, CA

In Sacramento, Travelers is the best renters insurance company for service quality, with an average annual premium of $150 for $20,000 in personal property coverage.

  • Travelers: MoneyGeek score of 96 out of 100 ($150 per year)
  • Nationwide: MoneyGeek score of 95 out of 100 ($132 per year)

Excellent customer service is crucial for renters, ensuring a smooth experience, particularly when filing a claim. For instance, with a provider known for exceptional 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 Sacramento for customer satisfaction and coverages, with an average annual premium of $150.

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 musical instruments and computers without requiring appraisals or item listings.

Best Renters Insurance For Service Quality in Sacramento, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
TravelersMoneyGeek Score96Annual Premium$ 150
NationwideMoneyGeek Score95Annual Premium$ 132
ChubbMoneyGeek Score93Annual Premium$ 249
State FarmMoneyGeek Score86Annual Premium$ 129
AllstateMoneyGeek Score77Annual Premium$ 110
FarmersMoneyGeek Score77Annual Premium$ 183
Capital Insurance GroupMoneyGeek Score61Annual Premium$ 79

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

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

  • Travelers: MoneyGeek score of 90 out of 100 ($362 per year)
  • State Farm: MoneyGeek score of 88 out of 100 ($344 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 is the top choice in Sacramento for insuring expensive homes, offering affordability and strong customer satisfaction with an annual premium of $362. It provides contents replacement cost coverage, which covers personal property losses at replacement cost without deducting for depreciation. Scheduled personal property coverage protects special property like jewelry and fine art against various losses.

Best Renters Insurance for High Personal Property Limits in Sacramento, CA
TravelersMoneyGeek Score90Annual Premium$ 362
State FarmMoneyGeek Score88Annual Premium$ 344
NationwideMoneyGeek Score85Annual Premium$ 412
AllstateMoneyGeek Score83Annual Premium$ 341
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 244
FarmersMoneyGeek Score73Annual Premium$ 483
ChubbMoneyGeek Score61Annual Premium$ 749
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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 Sacramento, CA

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

  • USAA: MoneyGeek score of 100 out of 100 ($92 per year)
  • Nationwide: MoneyGeek score of 85 out of 100 ($132 per year)

USAA offers a range of products tailored to the needs of active military members, veterans and their families. It provides discounts and coverages that suit their lifestyle.

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

Overview

USAA is Sacramento's top insurance provider for renters with a military background. With an annual premium of $92, USAA excels in affordability, customer satisfaction and coverage.

Its contents replacement cost coverage ensures you can replace stolen or damaged items, like a TV or computer, with new ones at their current retail prices. The worldwide personal property coverage financially protects your belongings while deployed abroad.

Best Renters Insurance for Veterans in Sacramento, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
USAAMoneyGeek Score100Annual Premium$ 92
NationwideMoneyGeek Score85Annual Premium$ 132
State FarmMoneyGeek Score84Annual Premium$ 129
AllstateMoneyGeek Score83Annual Premium$ 110
TravelersMoneyGeek Score83Annual Premium$ 150
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 79
FarmersMoneyGeek Score68Annual Premium$ 183
ChubbMoneyGeek Score61Annual Premium$ 249

Average Cost of Renters Insurance in Sacramento, CA

The average cost of renters insurance in Sacramento is $148 annually ($12 monthly). This rate matches California's average and is slightly higher than the national average of $145. These estimates are based on a policy with $20,000 in personal property limits, $100,000 in liability limits 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 Sacramento

Various factors can influence the cost of renters insurance in Sacramento. 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 Sacramento, 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 fire, theft or vandalism. For example, if a wildfire damages your apartment in California, this coverage helps replace your possessions.
  • Personal liability coverage: Covers expenses if someone is injured in your rental unit. For example, if a guest slips and falls in your California apartment, this coverage can help with medical and legal costs.
  • Loss of use coverage: Covers additional living expenses if your rental becomes uninhabitable due to a covered event. 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 Sacramento

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 Sacramento, CA

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

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