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


Updated: September 13, 2024

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Nationwide is the best renters insurance company in Ventura, California, with a MoneyGeek score of 91 and an average annual premium of $98. Capital Insurance Group is the cheapest renters insurance provider in Ventura, California, with a MoneyGeek score of 89 and an average annual premium of $70. 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 & CheapestRentersVentura, CA
2024

Table of Contents

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

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

768Quotes Analyzed
 
8Providers Analyzed
 
2ZIP Codes

Overall Best Renters Insurance in Ventura, CA

Nationwide is the best renters insurance provider in Ventura, California, with a MoneyGeek score of 91 out of 100 and an average annual premium of $98. These are the top two best renters insurance providers in Ventura for a policy with $20,000 in personal property coverage, $100,000 in personal liability and a $1,000 deductible.

  • Nationwide: MoneyGeek score of 91 out of 100 ($98 per year)
  • Allstate: MoneyGeek score of 85 out of 100 ($93 per year)

Nationwide balances cost and affordability, with an affordability score of 49 out of 55 and a customer satisfaction score of 28 out of 30.

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

Overview

Nationwide ranks first in Ventura for coverage, offering an annual premium of around $98. It provides coverages such as credit card forgery and theft from vehicles. Credit card forgery coverage pays for unauthorized transactions on your credit cards and bank debit/ATM cards, including 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.

Best Renters Insurance in Ventura, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
NationwideMoneyGeek Score91Annual Premium$ 98
AllstateMoneyGeek Score85Annual Premium$ 93
State FarmMoneyGeek Score85Annual Premium$ 121
TravelersMoneyGeek Score85Annual Premium$ 137
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 70
FarmersMoneyGeek Score72Annual Premium$ 159
ChubbMoneyGeek Score61Annual Premium$ 256

Cheapest Renters Insurance in Ventura, CA

Capital Insurance Group offers the cheapest renters insurance in Ventura, California, with an average annual premium of $70 for $20,000 in personal property coverage. The following providers are the top two cheapest in Ventura for $20,000 in personal property coverage and a $1,000 deductible, with MoneyGeek rating the cheapest renters insurance with minimal consideration for customer service:

  • Capital Insurance Group: $70 per year
  • Allstate: $93 per year

Personal property coverage protects your belongings, such as furniture, electronics and clothing, against risks like theft, fire and certain natural disasters. Cheap renters insurance policies often have low personal property coverage limits. While higher coverage limits can lead to higher monthly costs, they offer better protection if you have many personal belongings.

Cheapest Renters Insurance in Ventura, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
NationwideMoneyGeek Score90Annual Premium$ 98
Capital Insurance GroupMoneyGeek Score89Annual Premium$ 70
AllstateMoneyGeek Score88Annual Premium$ 93
State FarmMoneyGeek Score84Annual Premium$ 121
TravelersMoneyGeek Score81Annual Premium$ 137
FarmersMoneyGeek Score69Annual Premium$ 159
ChubbMoneyGeek Score49Annual Premium$ 256

Cheapest Renters Insurance With a High Deductible in Ventura, CA

In Ventura, California, 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 average annual premium of $54. The following providers are the top two cheapest in Ventura for $20,000 in personal property coverage and a $2,000 deductible:

  • Capital Insurance Group: $54 per year
  • Nationwide: $78 per year

A deductible is the amount you pay out of pocket before your insurance coverage starts, which 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 affordability and adequate coverage if you need to file a claim.

Cheapest High Deductible Renters Insurance in Ventura, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
Deductible:
Deductible:$ 2,000
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 54
NationwideMoneyGeek Score92Annual Premium$ 78
AllstateMoneyGeek Score82Annual Premium$ 93
TravelersMoneyGeek Score87Annual Premium$ 111
State FarmMoneyGeek Score82Annual Premium$ 119
FarmersMoneyGeek Score69Annual Premium$ 156
ChubbMoneyGeek Score61Annual Premium$ 237
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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 lower your annual premiums, leading to overall cost savings while ensuring adequate coverage.

Best Renters Insurance for Customer Service in Ventura, CA

In Ventura, California, Travelers offers the best renters insurance for service quality with an average annual premium of $137. These are the top two best providers in Ventura, California, for a policy with $20,000 in personal property coverage for those who value excellent customer service without considering affordability:

  • Travelers: MoneyGeek score of 96 out of 100 ($137 per year)
  • Nationwide: MoneyGeek score of 95 out of 100 ($98 per year)

Excellent customer service is essential for renters looking for insurance because it ensures timely and effective support when needed. For example, having a responsive and helpful insurer can make the process smoother and less stressful when you make a claim. MoneyGeek scores renters insurance providers based on customer satisfaction from J.D. Power surveys, which measure how well companies meet customer needs.

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

Overview

Travelers ranks first in customer satisfaction and coverage in Ventura, California, with an average annual premium of $137. Contents replacement cost coverage ensures your personal property that is lost or damaged is replaced at current market value without depreciation deductions. Valuable items insurance offers additional protection for high-value items like jewelry and fine art without requiring appraisals or item listings, ensuring adequate protection against various losses.

Best Renters Insurance for Service Quality in Ventura, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
TravelersMoneyGeek Score96Annual Premium$ 137
NationwideMoneyGeek Score95Annual Premium$ 98
ChubbMoneyGeek Score93Annual Premium$ 256
State FarmMoneyGeek Score86Annual Premium$ 121
AllstateMoneyGeek Score77Annual Premium$ 93
FarmersMoneyGeek Score77Annual Premium$ 159
Capital Insurance GroupMoneyGeek Score61Annual Premium$ 70

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

State Farm offers the best renters insurance for those in Ventura, California, needing high personal property coverage, with an average annual premium of $236 for $100,000 in coverage. The top two best providers in Ventura for $100K in personal property coverage are:

  • State Farm: MoneyGeek score of 94 out of 100 ($236 per year)
  • Nationwide: MoneyGeek score of 92 out of 100 ($292 per year)

Renters with a significant number of personal belongings often require higher personal property coverage. This type of coverage ensures protection for items like furniture, electronics and clothing, typically up to $100,000.

While higher coverage levels usually come with increased premiums, it's important to find a provider that offers a good balance of cost and service. High-value possessions such as jewelry or art may exceed standard policy limits and necessitate additional coverage.

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

Overview

State Farm ranks first in affordability and customer satisfaction for expensive homes in Ventura, California, with an average annual premium of $236. State Farm offers cyber event/ID theft coverage, which includes identity restoration and fraud loss protection. The Earthquake damage coverage protects your home and belongings in the event of an earthquake, providing security for renters in California.

Best Renters Insurance for High Personal Property Limits in Ventura, CA
State FarmMoneyGeek Score94Annual Premium$ 236
NationwideMoneyGeek Score92Annual Premium$ 292
TravelersMoneyGeek Score91Annual Premium$ 331
AllstateMoneyGeek Score86Annual Premium$ 284
FarmersMoneyGeek Score83Annual Premium$ 315
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 215
ChubbMoneyGeek Score61Annual Premium$ 780
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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 Ventura, CA

In Ventura, USAA ranks first for renters insurance, exclusively serving those with military backgrounds. These are the top two best providers for military members in Ventura for a policy with $20,000 in personal property coverage:

  • USAA: MoneyGeek score of 100 out of 100 ($146 per year)
  • Nationwide: MoneyGeek score of 91 out of 100 ($98 per year)

USAA offers a range of products tailored for those with a military background, offering discounts and coverages that suit the military lifestyle. 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 Ventura. It leads in customer satisfaction and offers the best coverage options. With an average annual premium of $146, it's an affordable choice for comprehensive protection. USAA includes contents replacement cost coverage, ensuring that items like TVs and computers are replaced without depreciation in case of theft or damage. Additionally, its worldwide personal property coverage is ideal for military members, offering protection for belongings even when deployed or residing abroad.

Best Renters Insurance for Military in Ventura, CA
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
USAAMoneyGeek Score100Annual Premium$ 146
NationwideMoneyGeek Score91Annual Premium$ 98
AllstateMoneyGeek Score85Annual Premium$ 93
State FarmMoneyGeek Score85Annual Premium$ 121
TravelersMoneyGeek Score85Annual Premium$ 137
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 70
FarmersMoneyGeek Score72Annual Premium$ 159
ChubbMoneyGeek Score61Annual Premium$ 256

Average Cost of Renters Insurance in Ventura, CA

The average cost of renters insurance in Ventura, California, is $133 annually or $11 per month. This rate is $15 cheaper than the California average of $148 and $12 cheaper 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.

Remember that the average cost of renters insurance in Ventura may vary greatly depending on the amount of personal property coverage you purchase. Personal property coverage protects your belongings against 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 Ventura

Various factors can influence the cost of renters insurance in Ventura, California. For example, the location's crime rate and the amount of coverage you choose can significantly impact your premium. Understanding these factors is crucial for renters seeking an affordable policy that meets their needs. Below are some key factors that affect renters insurance costs:

  • Location: Areas with higher crime rates or natural disaster risks typically have higher premiums.
  • Coverage Amount: The more coverage you need, the higher your premium will be.
  • Deductibles: Choosing a higher deductible can lower your monthly premium.
  • Credit Score: A higher credit score can lead to lower insurance costs.
  • Claims History: A history of multiple claims can result in higher premiums.

What Renters Insurance Covers in Ventura, CA

Renters insurance covers personal belongings, liability and additional living expenses. It protects you from financial loss due to theft, damage or accidents. Below is a detailed look at what renters insurance covers:

  • 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, your policy can help replace your furniture and electronics.
  • Personal Liability Coverage: This protects you if someone is injured in your rental unit and you are found liable. 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 helps cover additional living expenses if your rental becomes uninhabitable due to a covered loss. If an earthquake makes your California apartment unlivable, loss of use coverage can help pay for temporary housing.
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COMMONLY COVERED PERILS

Renters insurance only covers specific circumstances, such as fire and theft. Understanding what is covered helps you avoid unexpected expenses. Below are some common situations covered by renters insurance:

  • Fire
  • Storms
  • Theft
  • Vandalism
  • Water damage
  • Personal liability
  • Loss of use

What Renters Insurance Does Not Cover in Ventura

Renters insurance in Ventura does not cover everything. For example, it typically excludes damages related to natural disasters and pests. Here are some common exclusions you should be aware of:

  • Natural Disasters: Earthquakes and floods are generally not covered.
  • Pest Damages: Damages caused by pests like rodents or insects are not included.
  • High-Value Items: Expensive jewelry or electronics may require additional coverage.
  • Roommate Property: Your roommate's belongings are not covered under your policy.
  • Business Equipment: Items used for business often need separate coverage.

FAQ: Renters Insurance in Ventura, CA

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