Best and Cheapest Renters Insurance in Surprise, AZ (September 2024)


Updated: September 13, 2024

Advertising & Editorial Disclosure

Auto-Owners Insurance is both the best and cheapest renters insurance company in Surprise, Arizona, with a MoneyGeek score of 88 and an annual premium of $119 for $20,000 in personal property coverage. Depending on your needs, other providers may be best, such as Travelers for service quality, with an annual premium of $225.

We also looked into the best and cheapest renters insurance in Arizona for those who live elsewhere in the state.

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MoneyGeek Logo IconBest & CheapestRentersSurprise, AZ
2024

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

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

2,880Quotes Analyzed
 
8Providers Analyzed
 
2ZIP Codes

Overall Best Renters Insurance in Surprise, AZ

The following companies provide the best renters insurance in Surprise, Arizona, for policies with $20,000 in personal property coverage, $100,000 in personal liability coverage and a $1,000 deductible:

  • Auto-Owners: MoneyGeek score of 88 out of 100 ($119 per year)
  • Nationwide: MoneyGeek score of 88 out of 100 ($146 per year)

The best providers offer a balance of cost and quality service. Auto-Owners has achieved this balance, earning a perfect affordability score and a customer satisfaction score of 20 out of 30.

Company logo for Auto-Owners Insurance
Best OverallAuto-Owners Insurance
MoneyGeek Score:
88/ of 100

Overview

Auto-Owners ranks first in affordability in Surprise, Arizona, with an annual premium of $119. It offers contents replacement cost and refrigerated products coverages. Contents replacement cost covers the repair or replacement of your personal property without a deduction for depreciation. Refrigerated products coverage protects you from the cost of spoiled refrigerated food under Renters Plus.

Best Renters Insurance in Surprise, AZ
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
Auto-Owners InsuranceMoneyGeek Score88Annual Premium$ 119
NationwideMoneyGeek Score88Annual Premium$ 146
American FamilyMoneyGeek Score86Annual Premium$ 158
AllstateMoneyGeek Score84Annual Premium$ 119
State FarmMoneyGeek Score80Annual Premium$ 192
TravelersMoneyGeek Score77Annual Premium$ 225
FarmersMoneyGeek Score49Annual Premium$ 357

Cheapest Renters Insurance in Surprise, AZ

In Surprise, Arizona, Auto-Owners offers the cheapest renters insurance with an annual premium of $119 for $20,000 in personal property coverage. Personal property coverage protects your belongings against damage or theft.

The two cheapest providers in Surprise for $20,000 in personal property coverage and a $1,000 deductible are:

  • Auto-Owners Insurance: $119 per year
  • Allstate: $119 per year

We rated the cheapest renters insurance in Surprise with minimal consideration for customer service. Cheap renters insurance policies often have low personal property coverage limits. Higher personal property coverage limits can lead to higher monthly costs but provide better protection if you own many personal belongings.

Cheapest Renters Insurance in Surprise, AZ
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
Auto-Owners InsuranceMoneyGeek Score94Annual Premium$ 119
AllstateMoneyGeek Score91Annual Premium$ 119
NationwideMoneyGeek Score89Annual Premium$ 146
American FamilyMoneyGeek Score86Annual Premium$ 158
State FarmMoneyGeek Score80Annual Premium$ 192
TravelersMoneyGeek Score74Annual Premium$ 225
FarmersMoneyGeek Score41Annual Premium$ 357

Cheapest Renters Insurance With a High Deductible Surprise, AZ

In Surprise, Arizona, Auto-Owners 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 $116. The two cheapest providers in Surprise for are:

  • Auto-Owners: $116 per year
  • Allstate: $119 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. Balance both to ensure you're not overpaying for your policy while being prepared for potential claims.

Cheapest High Deductible Renters Insurance in Surprise, AZ
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
Deductible:
Deductible:$ 2,000
Auto-Owners InsuranceMoneyGeek Score88Annual Premium$ 116
AllstateMoneyGeek Score83Annual Premium$ 119
NationwideMoneyGeek Score91Annual Premium$ 124
American FamilyMoneyGeek Score87Annual Premium$ 148
State FarmMoneyGeek Score79Annual Premium$ 184
TravelersMoneyGeek Score80Annual Premium$ 192
FarmersMoneyGeek Score49Annual Premium$ 331
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HOW TO SET YOUR DEDUCTIBLE

When choosing a deductible, make sure it's an amount you can pay out-of-pocket without financial strain.
Opting for a higher deductible can lower your premium, leading to overall cost savings while still providing adequate coverage.

Best Renters Insurance for Customer Service in Surprise, AZ

In Surprise, Arizona, Travelers is the best renters insurance company for service quality, with an annual premium of $225. MoneyGeek scores renters insurance providers based on J.D. Power surveys, which assess customer satisfaction and service quality.

The following providers are the two best in Surprise, Arizona, for a policy with $20,000 in personal property coverage, for those who value great customer service without considering affordability:

  • Travelers: MoneyGeek score of 85 out of 100 ($225 per year)
  • Nationwide: MoneyGeek score of 84 out of 100 ($146 per year)

Great customer service is important for renters looking for insurance because it ensures timely and efficient handling of claims. For example, when you make a claim, great customer service means you get quick responses and your claim is processed smoothly.

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

Overview

In Surprise, Arizona, Travelers ranks first in customer satisfaction and coverage, offering the cheapest annual premium at $225.

Contents replacement cost covers personal property losses based on replacement cost without depreciation, ensuring renters can replace items at current market value. Scheduled personal property covers high-value items like jewelry and fine art without needing an appraisal, offering added protection for valuable possessions.

Best Renters Insurance for Service Quality in Surprise, AZ
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
TravelersMoneyGeek Score85Annual Premium$ 225
NationwideMoneyGeek Score84Annual Premium$ 146
American FamilyMoneyGeek Score83Annual Premium$ 158
State FarmMoneyGeek Score77Annual Premium$ 192
Auto-Owners InsuranceMoneyGeek Score72Annual Premium$ 119
FarmersMoneyGeek Score68Annual Premium$ 357
AllstateMoneyGeek Score63Annual Premium$ 119

Best Renters Insurance for High Personal Property Limits in Surprise, AZ

In Surprise, Arizona, American Family offers the best renters insurance for high personal property coverage, with an annual premium of $238 for a policy with $100,000 in personal property coverage. The two best providers in Surprise are:

  • American Family: MoneyGeek score of 92 out of 100 ($238 per year)
  • Nationwide: MoneyGeek score of 90 out of 100 ($290 per year)

High personal property coverage means having a policy that covers a substantial amount of personal belongings in case of damage or loss. Renters who own many belongings often need higher personal property coverage, which protects against the financial loss of their items due to events like theft or fire.

While higher coverage levels typically come at a higher cost, it's important to find a provider that offers a good balance of affordability and excellent service. High-value items such as jewelry or art may not be fully covered under a standard policy and might require additional coverage.

Company logo for American Family Insurance
Best High Personal Property LimitAmerican Family Insurance
MoneyGeek Score:
92/ of 100

Overview

American Family ranks first in affordability and customer satisfaction for expensive homes in Surprise, Arizona, with an annual premium of $238. It offers equipment breakdown coverage, protecting gadgets and smart home devices from mechanical failures, and business property coverage, providing additional liability and property protection for home-based businesses. These coverages are important for renters with high-value assets.

Best Renters Insurance for High Personal Property Limits in Surprise, AZ
American FamilyMoneyGeek Score92Annual Premium$ 238
NationwideMoneyGeek Score90Annual Premium$ 290
State FarmMoneyGeek Score85Annual Premium$ 415
Auto-Owners InsuranceMoneyGeek Score85Annual Premium$ 336
TravelersMoneyGeek Score82Annual Premium$ 551
AllstateMoneyGeek Score80Annual Premium$ 354
FarmersMoneyGeek Score49Annual Premium$ 1,307
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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 Surprise, AZ

USAA is the top-rated renters insurance company for those with military backgrounds in Surprise, Arizona, with an annual premium of $110. The two best providers in Surprise for veterans for a policy with $20,000 in personal property coverage are:

  • USAA: MoneyGeek score of 100 out of 100 ($110 per year)
  • Auto-Owners: MoneyGeek score of 88 out of 100 ($119 per year)

USAA offers a range of products tailored for those with a military background, providing discounts and coverages that suit the military lifestyle. USAA is also the most affordable option in Surprise for military members, making it a compelling choice.

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 Surprise, leading in customer satisfaction, coverages, and affordability. Their annual premium is set at $110.

USAA's Contents Replacement Cost coverage ensures that policyholders can replace items like TVs or computers at current market value if they're stolen or damaged. Additionally, their Worldwide Personal Property coverage is ideal for deployed military members, offering protection for belongings anywhere in the world. These features provide peace of mind and financial security for military renters.

Best Renters Insurance for Military in Surprise, AZ
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
USAAMoneyGeek Score100Annual Premium$ 110
Auto-Owners InsuranceMoneyGeek Score88Annual Premium$ 119
NationwideMoneyGeek Score88Annual Premium$ 146
American FamilyMoneyGeek Score86Annual Premium$ 158
AllstateMoneyGeek Score84Annual Premium$ 119
State FarmMoneyGeek Score80Annual Premium$ 192
TravelersMoneyGeek Score77Annual Premium$ 225
FarmersMoneyGeek Score49Annual Premium$ 357

Best Renters Insurance for Low Credit Scores in Surprise, AZ

Nationwide offers the best renters insurance for individuals with poor credit in Surprise, with an annual premium of $231 for a policy with $20,000 in personal property coverage. The two best providers in Surprise for those with poor credit for the same type of policy are:

  • Nationwide: MoneyGeek score of 91 out of 100 ($231 per year)
  • American Family: MoneyGeek score of 91 out of 100 ($278 per year)

Rates in Surprise for those with poor credit are typically higher because such individuals are considered a higher risk to providers. This is because poor credit can indicate a history of late payments or financial instability, which may translate to a higher likelihood of claims. But by taking steps to improve credit and seeking available discounts, renters can work toward more favorable rates.

Company logo for Nationwide
Best for Low Credit ScoresNationwide
MoneyGeek Score:
91/ of 100

Overview

Nationwide ranks first in affordability for renters with poor credit in Surprise, Arizona, with an annual premium of $231. Nationwide provides a reasonably rare discount for credit card forgery, covering unauthorized transactions on your credit cards and bank debit/ATM card. Another reasonably rare discount is for theft from vehicles, which extends protection to your personal belongings stored in or on any motor vehicle, trailer or watercraft.

Best Renters Insurance for Low Credit Scores in Surprise, Arizona
Data filtered by:Results filtered by:
Credit Score:
Credit Score:Poor
Coverage:
Coverage:$20K Personal Property
NationwideMoneyGeek Score91Annual Premium$ 231
American FamilyMoneyGeek Score91Annual Premium$ 278
State FarmMoneyGeek Score89Annual Premium$ 398
TravelersMoneyGeek Score88Annual Premium$ 690
AllstateMoneyGeek Score84Annual Premium$ 183
FarmersMoneyGeek Score80Annual Premium$ 792
Auto-Owners InsuranceMoneyGeek Score51Annual Premium$ 3,957

Average Cost of Renters Insurance in Surprise, AZ

The average cost of renters insurance in Surprise, Arizona, is $188 annually, or $16 monthly. This is slightly lower than the Arizona state average of $195 annually. Compared with the national average of $145 annually, Surprise's average is higher. These rates are based on a renters insurance policy with $20,000 personal property limits, $100,000 liability limits, and a $1,000 deductible.

The average cost of renters insurance in Surprise may vary greatly depending on the amount of personal property coverage purchased. Personal property coverage protects your belongings in case of theft, fire or other covered events. 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 Surprise

The cost of renters insurance in Surprise, Arizona, 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 of a claim.
  • 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 Surprise, AZ

Renters insurance primarily provides coverage for your personal belongings, but it also covers additional areas such as liability and living expenses if your rental is rendered uninhabitable. Here’s what a typical policy includes:

  • Personal Property Coverage: This covers the cost to repair or replace your belongings if they're damaged or stolen. For instance, a renter in Texas may receive compensation for a stolen laptop.
  • Personal Liability Coverage: This protects you financially if a guest is injured in your rental or you cause property damage. A Texas renter could use this coverage if a guest slips and falls in their apartment.
  • Loss of Use Coverage: This helps with additional living expenses if your rental is unlivable due to a covered peril. A renter might rely on loss of use coverage to pay for a hotel stay after a fire.
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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 Surprise

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 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 Surprise, AZ

The best renters insurance provider for you in Surprise ultimately depends on your needs. Below are some FAQs to help guide you.

How much is renters insurance in Surprise, Arizona, on average?
What is the cheapest renters insurance company in Surprise, Arizona?
What is the best renters insurance company in Surprise, Arizona?
Do I need renters insurance in Surprise, Arizona?

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.