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


Updated: September 10, 2024

Nationwide is the best renters insurance company in Temecula, California, with a MoneyGeek score of 89 and an average annual premium of $124. Capital Insurance Group is the cheapest renters insurance provider in Temecula, California, with a MoneyGeek score of 89 and an average annual premium of $83. 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 & CheapestRentersTemecula, CA
2024

Table of Contents

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

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

768Quotes Analyzed
 
8Providers Analyzed
 
2ZIP Codes

Overall Best Renters Insurance in Temecula, CA

Nationwide is the best renters insurance provider in Temecula, California, with a MoneyGeek score of 89 out of 100 and an average annual premium of $124. These are the top two best renters insurance providers in Temecula for a policy with $20,000 in personal property coverage, $100,000 in personal liability and a $1,000 deductible.

  • Nationwide: MoneyGeek score of 89 out of 100 ($124 per year)
  • State Farm: MoneyGeek score of 88 out of 100 ($121 per year)

Nationwide perfectly balances customer satisfaction and affordability, with an affordability score of 48 out of 55.

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

Overview

Nationwide ranks first in coverage in Temecula, with an average annual premium of $124. It offers uncommon coverages like credit card forgery and theft from vehicles. Credit card forgery coverage protects you against unauthorized transactions on your credit cards and bank debit/ATM cards, as well as forged checks and counterfeit money. Theft from vehicles coverage extends protection to your personal belongings stored in or on any motor vehicle, trailer or watercraft, ensuring your valuables are safe even when you're on the go.

Best Renters Insurance in Temecula, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
NationwideMoneyGeek Score89Annual Premium$ 124
State FarmMoneyGeek Score88Annual Premium$ 121
TravelersMoneyGeek Score87Annual Premium$ 146
AllstateMoneyGeek Score87Annual Premium$ 103
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 83
FarmersMoneyGeek Score76Annual Premium$ 159
ChubbMoneyGeek Score61Annual Premium$ 290

Cheapest Renters Insurance in Temecula, CA

In Temecula, California, Capital Insurance Group offers the cheapest renters insurance, with an average annual premium of $83 for $20,000 in personal property coverage. The following providers are the top two cheapest in Temecula for $20,000 in personal property coverage and a $1,000 deductible. MoneyGeek rated the cheapest renters insurance with minimal consideration for customer service.

  • Capital Insurance Group: $83 per year
  • Allstate: $103 per year

Personal property coverage helps protect your belongings against risks like theft, fire and certain natural disasters. Cheap renters insurance policies often have low personal property coverage limits. Opting for higher coverage limits can increase your monthly costs but provides better protection if you have many personal belongings.

Cheapest Renters Insurance in Temecula, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
Capital Insurance GroupMoneyGeek Score89Annual Premium$ 83
AllstateMoneyGeek Score89Annual Premium$ 103
State FarmMoneyGeek Score88Annual Premium$ 121
NationwideMoneyGeek Score88Annual Premium$ 124
TravelersMoneyGeek Score84Annual Premium$ 146
FarmersMoneyGeek Score75Annual Premium$ 159
ChubbMoneyGeek Score49Annual Premium$ 290

Cheapest Renters Insurance With a High Deductible in Temecula, CA

In Temecula, 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 $65. The following providers are the top two cheapest in Temecula for $20,000 in personal property coverage and a $2,000 deductible:

  • Capital Insurance Group: $65 per year
  • Nationwide: $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. When choosing a deductible level, renters should consider their financial situation and potential claim needs.

Cheapest High Deductible Renters Insurance in Temecula, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
Deductible:
Deductible:$ 2,000
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 65
NationwideMoneyGeek Score91Annual Premium$ 98
AllstateMoneyGeek Score83Annual Premium$ 103
TravelersMoneyGeek Score88Annual Premium$ 118
State FarmMoneyGeek Score85Annual Premium$ 119
FarmersMoneyGeek Score73Annual Premium$ 156
ChubbMoneyGeek Score61Annual Premium$ 269
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HOW TO SET YOUR DEDUCTIBLE

When selecting a deductible, make sure it's an amount you can easily pay out of pocket if you need to file a claim. Opting for a higher deductible can reduce your premium, leading to overall cost savings while ensuring you have the coverage you need.

Best Renters Insurance for Customer Service in Temecula, CA

Travelers is the best renters insurance company for service quality in Temecula, California, with an average annual premium of $146. For those who value excellent customer service without considering affordability, the following providers are the top two best in Temecula, California, for a policy with $20,000 in personal property coverage:

  • Travelers: MoneyGeek score of 96 out of 100 ($146 per year)
  • Nationwide: MoneyGeek score of 95 out of 100 ($124 per year)

Excellent customer service is important for renters looking for insurance because it ensures a smooth and hassle-free experience. When you make a claim, excellent customer service means quick responses and efficient handling of your situation. MoneyGeek scores renters insurance providers based on J.D. Power surveys, which measure customer satisfaction for renters insurance.

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

Overview

Travelers ranks first in customer satisfaction and coverages in Temecula, California, with an average annual premium of $146. It offers contents replacement cost and valuable items insurance. Contents replacement cost covers personal property losses based on replacement cost without depreciation, ensuring you get the full value of your items. Valuable items insurance protects high-value items like jewelry and fine art without requiring appraisals, providing security for your most treasured possessions.

Best Renters Insurance for Service Quality in Temecula, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
TravelersMoneyGeek Score96Annual Premium$ 146
NationwideMoneyGeek Score95Annual Premium$ 124
ChubbMoneyGeek Score93Annual Premium$ 290
State FarmMoneyGeek Score86Annual Premium$ 121
AllstateMoneyGeek Score77Annual Premium$ 103
FarmersMoneyGeek Score77Annual Premium$ 159
Capital Insurance GroupMoneyGeek Score61Annual Premium$ 83

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

For renters in Temecula, California, needing substantial personal property protection, State Farm stands out with an average annual premium of $288 for $100,000 in coverage. These are the top two best providers in Temecula for $100K in personal property coverage:

  • State Farm: MoneyGeek score of 93 out of 100 ($288 per year)
  • Travelers: MoneyGeek score of 91 out of 100 ($381 per year)

Renters with numerous possessions often require high personal property coverage, which safeguards against loss or damage to items like furniture, electronics and clothing. While higher coverage levels typically come with increased premiums, it's vital to choose a provider that offers a good balance of cost and quality service. Remember, high-value items such as jewelry or artwork may exceed standard policy limits and necessitate additional coverage to protect your investments fully.

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

Overview

State Farm ranks highest in Temecula for affordability and customer satisfaction for expensive homes, with an average annual premium of $288. It offers cyber event/ID theft coverage, which helps restore your identity in case of fraud. Its earthquake damage coverage protects your home from seismic events. These coverages provide financial protection for renters with valuable properties.

Best Renters Insurance for High Personal Property Limits in Temecula, CA
State FarmMoneyGeek Score93Annual Premium$ 288
TravelersMoneyGeek Score91Annual Premium$ 381
NationwideMoneyGeek Score90Annual Premium$ 383
AllstateMoneyGeek Score87Annual Premium$ 312
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 254
FarmersMoneyGeek Score82Annual Premium$ 398
ChubbMoneyGeek Score61Annual Premium$ 934
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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 Temecula, CA

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

  • USAA: MoneyGeek score of 100 out of 100 ($149 per year)
  • Nationwide: MoneyGeek score of 89 out of 100 ($124 per year)

USAA offers a range of products tailored to active military members, veterans and their families. 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 Temecula. It leads in customer satisfaction and offers the most comprehensive coverages, with an average annual premium of $149. Replacement cost coverage ensures that in the event of theft or damage, you can replace your items with new ones without financial strain. For military members who travel or are deployed, worldwide personal property coverage protects belongings anywhere in the world.

Best Renters Insurance for Military in Temecula, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
USAAMoneyGeek Score100Annual Premium$ 149
NationwideMoneyGeek Score89Annual Premium$ 124
State FarmMoneyGeek Score88Annual Premium$ 121
TravelersMoneyGeek Score87Annual Premium$ 146
AllstateMoneyGeek Score87Annual Premium$ 103
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 83
FarmersMoneyGeek Score76Annual Premium$ 159
ChubbMoneyGeek Score61Annual Premium$ 290

Average Cost of Renters Insurance in Temecula, CA

The average cost of renters insurance in Temecula, California, is $147 annually or $12 monthly. This rate is slightly lower than the California state average of $148 and slightly higher than the national average of $145. 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 Temecula 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 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 Temecula

Various elements can influence the cost of renters insurance in Temecula, California. For instance, the location of your rental and the amount of coverage you choose can significantly impact your premium. Understanding these factors is crucial when shopping for a policy, as it helps you find the best coverage at an affordable price. Here are some key factors that affect renters insurance costs:

  • Location: If you live in an area with high crime rates, your premium may be higher due to the increased risk of theft or vandalism.
  • Coverage Amount: Opting for higher coverage limits will generally result in higher premiums because the insurer is taking on more risk.
  • Deductible: Choosing a higher deductible can lower your premium, but it means you will pay more out-of-pocket in case of a claim.
  • Personal Property Value: Insuring more valuable items will increase your premium since the potential payout is higher.
  • Claims History: A history of previous claims can lead to higher premiums as insurers may consider you a higher risk.

What Renters Insurance Covers in Temecula, CA

Renters insurance covers personal property, liability and additional living expenses. It protects against theft, fire and certain natural disasters. Purchasing renters insurance is important to safeguard your belongings and for financial security. Below are the main coverages provided by renters insurance:

  • Personal Property Coverage: This covers the cost of replacing your belongings if they are damaged or stolen. For example, if a fire damages your apartment in California, this coverage helps replace your furniture and electronics.
  • Personal Liability Coverage: This protects you if someone is injured in your rental and you are found legally responsible. For instance, if a guest slips and falls in your California apartment, this coverage can help pay for their medical expenses.
  • Loss of Use Coverage: This covers additional living expenses if your rental becomes uninhabitable due to a covered event. For example, if an earthquake renders your California apartment unlivable, 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 Temecula

Renters insurance in Temecula does not cover everything; it typically excludes natural disasters and pest damages. Below is a list of what renters insurance doesn’t cover:

  • Natural Disasters: Renters insurance usually does not cover damages from floods or earthquakes.
  • Pest Damages: Damages caused by rodents or insects are generally not included in renters insurance policies.

FAQ: Renters Insurance in Temecula, CA

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