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


Updated: September 13, 2024

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State Farm is the best renters insurance company in Stockton, California, with a MoneyGeek score of 84 and an average annual premium of $125 for $20,000 in personal property coverage. The cheapest is Capital Insurance Group, scoring 89 with a $71 annual premium.

The best homeowners insurance provider balances customer service with affordability. Other providers may be best depending on your needs, like Travelers for service quality with a $150 annual premium. MoneyGeek also reviewed the best and cheapest renters insurance in California for those who live elsewhere in the state.

MoneyGeek Logo IconBest & CheapestRentersStockton, CA
2024

Table of Contents

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

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

768Quotes Analyzed
 
8Providers Analyzed
 
3ZIP Codes

Overall Best Renters Insurance in Stockton, CA

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

  • State Farm: MoneyGeek score of 84 out of 100 ($125 per year)
  • Capital Insurance Group: MoneyGeek score of 82 out of 100 ($71 per year)

State Farm balances customer satisfaction with affordability, earning an affordability score of 44 out of 55 and a customer satisfaction score of 30 out of 30.

Company logo for State Farm
Best OverallState Farm
MoneyGeek Score:
84/ of 100

Overview

State Farm ranks first in financial stability in Stockton, with an average annual premium of $125. Key benefits include cyber event/ID theft coverage that reimburses for expenses related to recovering stolen identity. Its earthquake coverage financially protects against earthquake-related damage.

Best Renters Insurance in Stockton, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
State FarmMoneyGeek Score84Annual Premium$ 125
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 71
TravelersMoneyGeek Score82Annual Premium$ 150
AllstateMoneyGeek Score80Annual Premium$ 118
NationwideMoneyGeek Score76Annual Premium$ 173
FarmersMoneyGeek Score65Annual Premium$ 191
ChubbMoneyGeek Score61Annual Premium$ 249

Cheapest Renters Insurance in Stockton, CA

In Stockton, Capital Insurance Group offers the cheapest renters insurance at $71 annually for $20,000 in personal property coverage.

  • Capital Insurance Group: $71 per year
  • Allstate: $118 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 Stockton, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
Capital Insurance GroupMoneyGeek Score89Annual Premium$ 71
State FarmMoneyGeek Score82Annual Premium$ 125
AllstateMoneyGeek Score81Annual Premium$ 118
TravelersMoneyGeek Score77Annual Premium$ 150
NationwideMoneyGeek Score69Annual Premium$ 173
FarmersMoneyGeek Score60Annual Premium$ 191
ChubbMoneyGeek Score49Annual Premium$ 249

Cheapest Renters Insurance With a High Deductible in Stockton, CA

Capital Insurance Group offers Stockton's 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: $56 per year
  • Allstate: $118 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 Stockton, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
Deductible:
Deductible:$ 2,000
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 56
AllstateMoneyGeek Score77Annual Premium$ 118
TravelersMoneyGeek Score84Annual Premium$ 121
State FarmMoneyGeek Score81Annual Premium$ 123
NationwideMoneyGeek Score80Annual Premium$ 136
FarmersMoneyGeek Score62Annual Premium$ 186
ChubbMoneyGeek Score61Annual Premium$ 231
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HOW TO SET YOUR DEDUCTIBLE

Selecting a deductible you can comfortably pay out-of-pocket is crucial. This ensures you can afford the expense if you need to file a claim. Opting for a higher deductible can lower your premiums, leading to overall cost savings while maintaining adequate coverage.

Best Renters Insurance for Customer Service in Stockton, CA

Travelers offers the best renters insurance for service quality in Stockton, 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 ($173 per year)

Great customer service is crucial for renters seeking insurance because it ensures a smooth and supportive experience, particularly during claims. Efficient service means your case is handled quickly and effectively, reducing stress and helping you recover faster. MoneyGeek evaluates insurers based on customer satisfaction from J.D. Power surveys, which assess service quality in renters insurance.

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

Overview

Travelers ranks first in customer satisfaction and coverages in Stockton, with an 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, fine art, musical instruments and computers without requiring appraisals or item listings.

Best Renters Insurance For Service Quality in Stockton, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
TravelersMoneyGeek Score96Annual Premium$ 150
NationwideMoneyGeek Score95Annual Premium$ 173
ChubbMoneyGeek Score93Annual Premium$ 249
State FarmMoneyGeek Score86Annual Premium$ 125
AllstateMoneyGeek Score77Annual Premium$ 118
FarmersMoneyGeek Score77Annual Premium$ 191
Capital Insurance GroupMoneyGeek Score61Annual Premium$ 71

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

State Farm offers the best option for a policy with $100,000 in personal property coverage in Stockton.

  • State Farm: MoneyGeek score of 91 out of 100 ($285 per year)
  • Travelers: MoneyGeek score of 88 out of 100 ($364 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:
91/ of 100

Overview

State Farm ranks first in affordability and customer satisfaction for expensive homes in Stockton, with an annual premium of $285.

It provides cyber event/ID theft coverage, which covers the costs of recovering from identity theft, and earthquake coverage, which protects you from financial losses due to earthquake-related damage.

Best Renters Insurance for High Personal Property Limits in Stockton, CA
State FarmMoneyGeek Score91Annual Premium$ 285
TravelersMoneyGeek Score88Annual Premium$ 364
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 219
AllstateMoneyGeek Score80Annual Premium$ 364
NationwideMoneyGeek Score73Annual Premium$ 556
FarmersMoneyGeek Score69Annual Premium$ 514
ChubbMoneyGeek Score61Annual Premium$ 749
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SCHEDULED PERSONAL PROPERTY COVERAGE

If you own high-value items like jewelry or art, you need extra coverage since standard policies often don't include them. Choose an insurance provider that offers scheduled personal property coverage to protect these valuables.

Best Renters Insurance for Military Families in Stockton, CA

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

  • USAA: MoneyGeek score of 100 out of 100 ($98 per year)
  • State Farm: MoneyGeek score of 84 out of 100 ($125 per year)

USAA provides tailored products and discounts for active military members, veterans and their families. While it's not the cheapest in the city, USAA's specialized benefits often make it a better choice for service members.

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

Overview

USAA is the top renters insurance provider for those with a military background in Stockton. With an average annual premium of $98, USAA provides affordability and comprehensive financial protection.

Its contents replacement cost coverage ensures that stolen or damaged items can be replaced with new ones at their current retail prices. USAA also has worldwide personal property coverage, providing peace of mind for military members at home or abroad.

Best Renters Insurance for Veterans in Stockton, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
USAAMoneyGeek Score100Annual Premium$ 98
State FarmMoneyGeek Score84Annual Premium$ 125
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 71
TravelersMoneyGeek Score82Annual Premium$ 150
AllstateMoneyGeek Score80Annual Premium$ 118
NationwideMoneyGeek Score76Annual Premium$ 173
FarmersMoneyGeek Score65Annual Premium$ 191
ChubbMoneyGeek Score61Annual Premium$ 249

Average Cost of Renters Insurance in Stockton, CA

The average renters insurance cost in Stockton is $154 annually ($13 monthly), higher than California's average of $148 per year and the national average of $145 per year. These rates are based on a policy with $20,000 in personal property limit, $100,000 in liability limit 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 Stockton

The cost of renters insurance in Stockton 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 Stockton, 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 legal expenses if someone is injured in your rental. For instance, if a guest slips and falls in your California apartment, this coverage would handle the medical bills and potential lawsuits.
  • Loss of use coverage: Covers additional living expenses if your rental becomes uninhabitable. If an earthquake makes your California apartment unlivable, loss of use coverage would pay for hotel stays and other related 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 Stockton

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 Stockton, CA

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

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