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


Updated: September 13, 2024

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The best renters insurance company in Santa Clara, California is Travelers, with a MoneyGeek score of 89 and an annual premium of $117. The cheapest renters insurance provider in Santa Clara is Capital Insurance Group with a MoneyGeek score of 89 and an annual premium of $71.The best homeowners insurance provider should offer a balance of customer service with affordability.

Depending on your needs, other providers may be best. For example, State Farm is best for those with expensive personal property, with an annual premium of $190.
MoneyGeek also looked into the best and cheapest renters insurance in California for those who live elsewhere in the state.

MoneyGeek Logo IconBest & CheapestRentersSanta Clara, CA
2024

Table of Contents

Why Trust MoneyGeek? To determine the top renters insurance in California, we analyzed data from the California Department of Insurance and Quadrant Information Services, focusing on Santa Clara.

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

768Quotes Analyzed
 
8Providers Analyzed
 
2ZIP Codes

Overall Best Renters Insurance in Santa Clara, CA

The best renters insurance in Santa Clara, California, is Travelers, with a MoneyGeek score of 89 out of 100 and an annual premium of $117. The following providers are the top two best renters insurance providers in Santa Clara for a policy with $20,000 in personal property coverage, $100,000 in personal liability, and a $1,000 deductible.

  • Travelers: MoneyGeek score of 89 out of 100 ($117 per year)
  • Nationwide: MoneyGeek score of 87 out of 100 ($120 per year)

The best provider in the state balances both cost and affordability. Travelers has an affordability score of 46 out of 55 and a customer satisfaction score of 28 out of 30.

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

Overview

Travelers is best overall for coverage, with an annual premium of $117. It offers contents replacement ccost coverage, which ensures your personal property is replaced at its current value without depreciation. Another option is valuable items insurance, which protects high-value items like jewelry and fine art, allowing you to add higher coverage limits without needing appraisals.

Best Renters Insurance in Santa Clara, California
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
TravelersMoneyGeek Score89Annual Premium$ 117
NationwideMoneyGeek Score87Annual Premium$ 120
State FarmMoneyGeek Score85Annual Premium$ 121
AllstateMoneyGeek Score84Annual Premium$ 103
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 71
FarmersMoneyGeek Score73Annual Premium$ 159
ChubbMoneyGeek Score61Annual Premium$ 259

Cheapest Renters Insurance in Santa Clara, CA

In Santa Clara, California, Capital Insurance Group offers the cheapest renters insurance with an annual premium of $71 for $20,000 in personal property coverage. Personal property coverage protects your belongings, such as furniture and electronics, from damage or theft. The following providers are the top two cheapest providers in Santa Clara for $20,000 in personal property coverage and a $1,000 deductible.

  • Capital Insurance Group: $71 per year
  • Allstate: $103 per year

Cheap renters insurance policies often have low personal property coverage limits. While this keeps costs down, higher coverage limits can lead to higher monthly costs but provide better protection if you have many belongings.

Cheapest Renters Insurance in Santa Clara, California
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
Capital Insurance GroupMoneyGeek Score89Annual Premium$ 71
TravelersMoneyGeek Score87Annual Premium$ 117
AllstateMoneyGeek Score85Annual Premium$ 103
NationwideMoneyGeek Score84Annual Premium$ 120
State FarmMoneyGeek Score84Annual Premium$ 121
FarmersMoneyGeek Score70Annual Premium$ 159
ChubbMoneyGeek Score49Annual Premium$ 259

Cheapest Renters Insurance With a High Deductible Santa Clara, CA

In Santa Clara, CA, 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 annual premium of $55. The following providers are the top two cheapest in Santa Clara for $20,000 in personal property coverage and a $2,000 deductible:

  • Capital Insurance Group: $55 per year
  • Nationwide: $95 per year

A higher deductible often leads to cheaper premiums, while a lower deductible means higher premiums. It's important to balance both, as a higher deductible can save you money on premiums, but a lower deductible means you pay less out of pocket if you need to file a claim.

Cheapest High Deductible Renters Insurance in Santa Clara, California
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
Deductible:
Deductible:$ 2,000
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 55
NationwideMoneyGeek Score89Annual Premium$ 95
TravelersMoneyGeek Score90Annual Premium$ 95
AllstateMoneyGeek Score80Annual Premium$ 103
State FarmMoneyGeek Score82Annual Premium$ 119
FarmersMoneyGeek Score70Annual Premium$ 156
ChubbMoneyGeek Score61Annual Premium$ 239
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HOW TO SET YOUR DEDUCTIBLE

Selecting a deductible that you can comfortably pay out-of-pocket is crucial when filing a claim. This ensures you won't face financial strain during an already stressful situation.
Choosing a higher deductible can lower your annual premium, resulting in overall cost savings. Just make sure your coverage remains adequate to protect your belongings.

Best Renters Insurance for Customer Service in Santa Clara, CA

In Santa Clara, California, Travelers is the best renters insurance company for service quality with an annual premium of $117. The following providers are the top two best providers in Santa Clara 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 ($117 per year)
  • Nationwide: MoneyGeek score of 95 out of 100 ($120 per year)

Great customer service is important for renters looking for insurance because it ensures a smooth and supportive experience, especially during claims. For example, when you make a claim, having a responsive and helpful insurer can make the process quicker and less stressful.

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

Overview

Travelers ranks first in customer satisfaction and coverage in Santa Clara, California, with an annual premium of $117.
Travelers offers contents replacement cost and valuable items insurance coverages. Valuable items insurance allows higher limits for special property like jewelry and fine art, protecting high-value items without requiring appraisals.

Best Renters Insurance For Service Quality in Santa Clara, California
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
TravelersMoneyGeek Score96Annual Premium$ 117
NationwideMoneyGeek Score95Annual Premium$ 120
ChubbMoneyGeek Score93Annual Premium$ 259
State FarmMoneyGeek Score86Annual Premium$ 121
AllstateMoneyGeek Score77Annual Premium$ 103
FarmersMoneyGeek Score77Annual Premium$ 159
Capital Insurance GroupMoneyGeek Score61Annual Premium$ 71

Best Renters Insurance for High Personal Property Limits in Santa Clara, CA

For renters in Santa Clara, California requiring extensive personal property coverage, State Farm stands out with an annual premium of $190 for a policy covering $100,000. High personal property coverage ensures protection for a substantial amount of personal belongings. For $100K in personal property coverage, the following providers are the top two best in Santa Clara:

  • State Farm: MoneyGeek score of 95 out of 100 ($190 per year)
  • Travelers: MoneyGeek score of 93 out of 100 ($280 per year)

Renters with numerous possessions often need more personal property coverage, which safeguards items like furniture, electronics, and clothing against loss or damage.

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

Overview

State Farm ranks first in Santa Clara for affordability and customer satisfaction for renters with expensive homes. The annual premium is $190.

State Farm offers cyber event / ID theft coverage, which helps renters recover from identity theft and cyber fraud. Additionally, their earthquake coverage protects against damage from seismic events, providing peace of mind for renters in earthquake-prone areas.

Best Renters Insurance for High Personal Property Limits in Santa Clara, California
State FarmMoneyGeek Score95Annual Premium$ 190
TravelersMoneyGeek Score93Annual Premium$ 280
NationwideMoneyGeek Score86Annual Premium$ 369
FarmersMoneyGeek Score85Annual Premium$ 268
AllstateMoneyGeek Score82Annual Premium$ 315
Capital Insurance GroupMoneyGeek Score80Annual Premium$ 218
ChubbMoneyGeek Score61Annual Premium$ 790
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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 Santa Clara, CA

USAA is the winning company in Santa Clara, ranking first annually. USAA is exclusively for those with military backgrounds in Santa Clara.

The following providers are the top two best providers in Santa Clara for veterans for a policy with $20,000 in personal property coverage:

  • USAA: MoneyGeek score of 100 out of 100 ($207 per year)
  • Travelers: MoneyGeek score of 89 out of 100 ($117 per year)

USAA offers a range of products tailored for those with a military background, providing discounts and coverages that suit the military lifestyle. It’s also the cheapest option in Santa Clara 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 Santa Clara, leading in customer satisfaction and coverage. With an annual premium of $207, it's a financially savvy choice. Contents replacement cost and worldwide personal property coverages. are included, ensuring new-for-old replacements and protection for belongings anywhere in the world —ideal for military life's dynamic demands.

Best Renters Insurance for Military Families in Santa Clara, California
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
USAAMoneyGeek Score100Annual Premium$ 207
TravelersMoneyGeek Score89Annual Premium$ 117
NationwideMoneyGeek Score87Annual Premium$ 120
State FarmMoneyGeek Score85Annual Premium$ 121
AllstateMoneyGeek Score84Annual Premium$ 103
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 71
FarmersMoneyGeek Score73Annual Premium$ 159
ChubbMoneyGeek Score61Annual Premium$ 259

Average Cost of Renters Insurance in Santa Clara, CA

The average cost of renters insurance in Santa Clara, California is $136 annually, or about $11 monthly. This is lower 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 Santa Clara 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 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 Santa Clara

Various factors influence renters insurance costs in Santa Clara, California. For instance, your location and the amount of coverage you choose can significantly impact your premium. Knowing these factors is essential to find a policy that fits your needs and budget. Below are some key factors that affect renters insurance costs:

  • Location: Areas prone to natural disasters or high crime rates often have higher premiums due to increased risk.
  • Coverage Amount: Higher coverage limits result in higher premiums since the insurer's potential payout is larger.
  • Deductible: Choosing a higher deductible can lower your premium because you'll pay more out of pocket in the event of a claim.
  • Credit Score: A better credit score can lead to lower premiums as it indicates financial responsibility to insurers.
  • Safety Features: Installing smoke detectors, security systems, or deadbolts can reduce your premium by lowering the risk of damage or theft.

What Renters Insurance Covers in Santa Clara, CA

Renters insurance covers personal property, liability, and additional living expenses. It protects against financial loss from theft, damage, or accidents. Purchasing renters insurance is a prudent decision to safeguard your belongings and finances.

Renters insurance primarily protects your personal belongings from damage but also covers other aspects such as personal liability and loss of use. Below is a detailed list of what renters insurance covers:

  • Personal Property Coverage: This coverage protects your belongings from events like theft, fire, and vandalism. For instance, if a wildfire in California destroys your furniture, renters insurance can help replace it.
  • Personal Liability Coverage: This covers legal expenses if someone is injured in your rental unit. For example, if a guest slips and falls in your California apartment, renters insurance can cover the medical bills and legal fees.
  • Loss Of Use Coverage: This helps pay for additional living expenses if your rental becomes uninhabitable. If an earthquake in California displaces you, loss of use coverage can help 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 Santa Clara

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 Santa Clara, CA

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

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