UPDATED: DECEMBER 29, 2022 | 3 MIN READ
Keeping your belongings safe is an important consideration when renting. However, renters insurance in California is more expensive than the national average by $38. The same laws as auto insurance don’t cover this type of insurance. Read on to discover how it offers protection for your personal property in the case of fire, theft, and other covered losses and provides peace of mind.
How to get renters insurance coverage in California
While California renters insurance coverage is more expensive than the average, it’s important to shop around. A renters policy isn’t mandated in the golden state. However, check your rental agreement to see if it’s a requirement of your lease. A renters policy can help replace items that can get damaged in a fire or get stolen. Without it, you have no recourse to get your loss covered. Gather a number of quotes so you can find the best renters insurance for your needs.
What does a renters insurance policy cover?
Renters insurance coverage offers protection in the case of fire, water damage, flooding, earthquake damage, storm, theft, vandalism, and other happenings. Most renters’ policies also include liability protection, payment of any medical expenses, and a temporary housing payment should your home become so damaged that it’s uninhabitable.
However, it’s best to check this with your insurance provider to get the exact details as not all of them provide coverage in the case of natural disasters or flooding. You may need to ask for these to be added.
What causes increases to my renters insurance coverage?
The value of your belongings and the number of belongings you have can cause an increase to your renters insurance quote. Your preferred coverage limits and policy limits will impact the renters policy you’ll get offered.
What is the average cost of renters insurance in California?
For Californians, the average cost of a renters policy is $223, $38 more expensive than the national average.
What are the best renters insurance companies in California?
Finding the best insurance carrier that suits your needs and provides adequate protection for your personal belongings can take a little bit of searching. Read on to discover the best ones the state has to offer. These insurance companies offer renters insurance in the state:
- Lemonade
- State Farm
- Average
- Nationwide
- Travelers
- Farmers
- Allstate
- Amica
- AAA
- Fire Insurance Exchange
- Safeco
- California Automobile
What are the cheapest California renters insurance companies?
These companies offer the best rates and coverage options in the golden state for an annual premium:
- AAA: $117
- Fire Insurance Exchange: $133
- State Farm: $135
- Safeco: $141
- California Automobile: $155
What are the cheapest cities to get renters insurance in California?
Renters insurance rates differ greatly from city to city. The cheapest city to get a renters policy is Chula Vista at $176 per year. These are the rates per city for an annual policy:
- Chula Vista: $176
- San Diego: $177
- Oxnard: $191
- Anaheim $194
- Irvine: $194
What are the best insurance companies in California for renters insurance discounts?
Allstate, USAA, and Nationwide offer the best insurance coverage options for renters looking for insurance discounts.
Renters insurance in CA by coverage tier
There are two coverage levels. The one you opt for depends on the amount of coverage you wish to insure your items for. The most common levels are $25,000 and $50,000.
If the coverage level is $25K in property, the price is $179 per year. If the coverage level is $50K, then the insurance policy is priced at $267 per year.
What bundles are available for a renters policy?
Bundling insurance is a good way to save money and get coverage across many parts of your life. When looking for a good bundle, many companies don’t offer an online quote so you may find yourself phoning several companies several times. The most common bundle for a renters policy is to put it together with your auto policy.
Can I save money if I bundle my renters insurance and auto insurance together?
Yes. If you can get your renters insurance policy and your auto insurance from the same insurance carrier, you can save money in California. Buying a bundle can save you close to $80 a year.
FAQs
How much is renters insurance in California?
The cost in the state is $228 per year.
Is it the law to have renters insurance in California?
It’s not mandated in the state to have renters insurance unless it states it in your lease.
What is renters insurance in California?
If you keep a lot of valuable items in your rental property, it’s wise to look into getting renters insurance. It can protect your personal belongings in the case of any financial losses if your property gets stolen, water damaged, is destroyed in an earthquake or any other natural disaster. It can also provide a level of protection alongside any coverage your landlord’s insurance may have.
Who sells renters insurance in California?
This is a list of companies that sell renters insurance policies in California:
- Lemonade
- State Farm
- Average
- Nationwide
- Travelers
- Farmers
- Allstate
- AAA
- Fire Insurance Exchange
- Safeco
- California Automobile
- Amica
What is the average price of renters insurance in California?
The average cost of renters insurance in California is $233.
What is the difference between renters insurance in California and homeowners insurance in California?
Property owners’ insurance doesn’t cover renters and their personal property in the case of damage or loss. It covers the owner or landlord and their property. Renters’ insurance specifically covers the personal belongings of the renter who takes out the policy. Homeowners and renters insurance are very different so it’s best to check which one suits your needs best.
Find renters insurance in California
Peace of mind is important when you have your personal belongings in a property that belongs to someone else. By taking out your own renters policy, you’re providing yourself with protection in case your valuable items get stolen, vandalized, or destroyed by a natural disaster. Use our free online quote tool to get renters insurance quotes today.
