Best and Cheapest Renters Insurance in Thousand Oaks, CA (September 2024)


Updated: September 13, 2024

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The best renters insurance company in Thousand Oaks, California is Nationwide, with a MoneyGeek score of 95 and an annual premium of $98 for $20,000 in personal property coverage. The cheapest provider is Capital Insurance Group with a score of 89 and an annual premium of $93.

The best provider should balance customer service with affordability. Travelers excels in service quality with an annual premium of $140. MoneyGeek also looked into the best and cheapest renters insurance in California for those who live elsewhere in the state.

Table of Contents
MoneyGeek Logo IconBest & CheapestRentersThousand Oaks,
2024

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

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

768Quotes Analyzed
 
8Providers Analyzed
 
2ZIP Codes

Overall Best Renters Insurance in Thousand Oaks, CA

The best renters insurance in Thousand Oaks, California, is Nationwide, with a MoneyGeek score of 95 out of 100 and an annual premium of $98. The two best renters insurance providers in Thousand Oaks for a policy with $20,000 in personal property coverage are:

  • Nationwide: MoneyGeek score of 95 out of 100 ($98 per year)
  • State Farm: MoneyGeek score of 89 out of 100 ($121 per year)

The best provider in the state is one that can balance both cost and affordability. Nationwide has perfectly balanced customer satisfaction and affordability, with an affordability score of 54 out of 55.

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

Overview

Nationwide offers an annual premium of $98 in Thousand Oaks. It includes credit card forgery coverage, which pays for unauthorized transactions on your credit cards and bank debit/ATM cards. This coverage also applies to forged checks and counterfeit money, providing peace of mind for renters.

Nationwide offers also theft from vehicles coverage, extending protection for personal belongings stored in or on any motor vehicle, trailer or watercraft. This ensures your valuables are covered even when you're on the go.

Best Renters Insurance in Thousand Oaks, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
NationwideMoneyGeek Score95Annual Premium$ 98
State FarmMoneyGeek Score89Annual Premium$ 121
TravelersMoneyGeek Score87Annual Premium$ 140
AllstateMoneyGeek Score86Annual Premium$ 111
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 93
FarmersMoneyGeek Score74Annual Premium$ 159
ChubbMoneyGeek Score61Annual Premium$ 251

Cheapest Renters Insurance in Thousand Oaks, CA

In Thousand Oaks, California, Capital Insurance Group offers the cheapest renters insurance at an annual premium of $93 for $20,000 in personal property coverage. Personal property coverage helps protect your belongings in case of theft, fire or other covered events.

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

  • Capital Insurance Group: $93 per year
  • Nationwide: $98 per year

We rated the cheapest renters insurance in Thousand Oaks 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 offer better protection if you have many personal belongings.

Cheapest Renters Insurance in Thousand Oaks, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
Capital Insurance GroupMoneyGeek Score89Annual Premium$ 93
NationwideMoneyGeek Score96Annual Premium$ 98
AllstateMoneyGeek Score88Annual Premium$ 111
State FarmMoneyGeek Score89Annual Premium$ 121
TravelersMoneyGeek Score84Annual Premium$ 140
FarmersMoneyGeek Score72Annual Premium$ 159
ChubbMoneyGeek Score49Annual Premium$ 251

Cheapest Renters Insurance With a High Deductible Thousand Oaks, CA

Capital Insurance Group offers the cheapest renters insurance in Thousand Oaks, California, for a policy with $20,000 in personal property coverage and a $2,000 deductible, with an annual premium of $78. The two cheapest providers in Thousand Oaks for $20,000 in personal property coverage and a $2,000 deductible are:

  • Capital Insurance Group: $72 per year
  • Nationwide: $78 per year

A deductible is the amount you pay out of pocket before your insurance kicks in and 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 paying too much out of pocket if you need to file a claim.

Cheapest High Deductible Renters Insurance in Thousand Oaks, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
Deductible:
Deductible:$ 2,000
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 72
NationwideMoneyGeek Score96Annual Premium$ 78
AllstateMoneyGeek Score81Annual Premium$ 111
TravelersMoneyGeek Score89Annual Premium$ 114
State FarmMoneyGeek Score84Annual Premium$ 119
FarmersMoneyGeek Score71Annual Premium$ 156
ChubbMoneyGeek Score61Annual Premium$ 232
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HOW TO SET YOUR DEDUCTIBLE

Ensure the deductible amount is something you can comfortably pay out-of-pocket when you file a claim.
Opting for a higher deductible can result in lower annual premiums, leading to overall cost savings while still providing adequate coverage.

Best Renters Insurance for Customer Service in Thousand Oaks, CA

In Thousand Oaks, California, Travelers is the best renters insurance company for service quality, with an annual premium of $140. MoneyGeek scores renters insurance providers based on customer satisfaction surveys conducted by J.D. Power, which evaluate service quality and customer experiences. The top best providers in Thousand Oaks, California, for a policy with $20,000 in personal property coverage — for those who value great customer service without considering affordability — are:

  • Travelers: MoneyGeek score of 96 out of 100 ($140 per year)
  • Nationwide: MoneyGeek score of 95 out of 100 ($98 per year)

Great customer service is essential for renters looking for insurance because it ensures support and efficiency when making claims. For example, if you need to file a claim, great customer service means you'll receive timely assistance and clear communication, making the process smoother 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 Thousand Oaks, California, with an annual premium of $140. Travelers offers contents replacement cost coverage, which reimburses you for personal property losses based on replacement cost without depreciation. This means you can replace your items at current market value.

Additionally, its scheduled personal property coverage allows you to add higher limits for valuable items like jewelry and fine art without needing an appraisal.

Best Renters Insurance for Service Quality in Thousand Oaks, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
TravelersMoneyGeek Score96Annual Premium$ 140
NationwideMoneyGeek Score95Annual Premium$ 98
ChubbMoneyGeek Score93Annual Premium$ 251
State FarmMoneyGeek Score86Annual Premium$ 121
AllstateMoneyGeek Score77Annual Premium$ 111
FarmersMoneyGeek Score77Annual Premium$ 159
Capital Insurance GroupMoneyGeek Score61Annual Premium$ 93

Best Renters Insurance for High Personal Property Limits in Thousand Oaks, CA

For renters in Thousand Oaks, California needing high personal property coverage, State Farm offers the best option with an annual premium of $236 for $100,000 in coverage. High personal property coverage ensures that renters have adequate protection for their possessions, which could be of significant value. For $100K in personal property coverage, the two best providers in Thousand Oaks are:

  • State Farm: MoneyGeek score of 95 out of 100 ($236 per year)
  • Nationwide: MoneyGeek score of 93 out of 100 ($292 per year)

Renters with an extensive collection of belongings often require higher personal property coverage. This coverage protects items like furniture, electronics, and clothing from loss or damage. While higher coverage levels typically come with higher premiums, finding an insurer that offers both cost efficiency and excellent service is vital. High-value items like jewelry or artwork may not be fully covered under standard policies and could necessitate additional coverage.

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

Overview

State Farm ranks first in affordability and customer satisfaction for renters with expensive homes in Thousand Oaks, California, with an annual premium of $236.

It offers valuable coverages like cyber event/ID theft and earthquake damage. Cyber event/ID theft coverage helps restore your identity if it's stolen, providing peace of mind. Earthquake damage coverage protects your home and belongings in case of seismic activity, crucial for California residents.

Best Renters Insurance for High Personal Property Limits in Thousand Oaks, CA
State FarmMoneyGeek Score95Annual Premium$ 236
NationwideMoneyGeek Score93Annual Premium$ 292
TravelersMoneyGeek Score90Annual Premium$ 357
AllstateMoneyGeek Score82Annual Premium$ 344
FarmersMoneyGeek Score79Annual Premium$ 387
Capital Insurance GroupMoneyGeek Score79Annual Premium$ 284
ChubbMoneyGeek Score61Annual Premium$ 755
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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 Thousand Oaks, CA

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

  • USAA: MoneyGeek score of 100 out of 100 ($112 per year)
  • Nationwide: MoneyGeek score of 90 out of 100 ($98 per year)

USAA offers a range of products tailored for 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 stands out as the premier renters insurance provider for those with a military background in Thousand Oaks. With an average annual premium of $112, USAA provides affordability and comprehensive financial protection.

It offers contents replacement cost, which covers the cost of replacing belongings with brand-new ones in the event of theft or damage. It also has worldwide personal property coverage, providing peace of mind for military members at home or abroad.

Best Renters Insurance for Military in Thousand Oaks, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
USAAMoneyGeek Score100Annual Premium$ 112
NationwideMoneyGeek Score95Annual Premium$ 98
State FarmMoneyGeek Score89Annual Premium$ 121
TravelersMoneyGeek Score87Annual Premium$ 140
AllstateMoneyGeek Score86Annual Premium$ 111
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 93
FarmersMoneyGeek Score74Annual Premium$ 159
ChubbMoneyGeek Score61Annual Premium$ 251

Average Cost of Renters Insurance in Thousand Oaks, CA

The average cost of renters insurance in Thousand Oaks, California, is $139 annually, which breaks down to $12 monthly. This is $9 cheaper than the California average of $148 and $6 cheaper than 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.

The average cost of renters insurance in Thousand Oaks may vary greatly depending on the amount of personal property coverage you purchase. Personal property coverage protects your belongings in case of theft, damage, or loss. 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 Thousand Oaks

The cost of renters insurance in Thousand Oaks, California, 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 Thousand Oaks, CA

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 Thousand Oaks

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: Although personal property stolen from your car may be covered, the theft of the car itself is not.

FAQ: Renters Insurance in Thousand Oaks, CA

The best renters insurance provider for you in Thousand Oaks ultimately depends on your needs. Below, we address some FAQs to help you make an informed decision.

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