Best and Cheapest Renters Insurance in Anaheim, CA (2024)

The best renters insurance company in Anaheim, California is Nationwide, with a MoneyGeek score of 96 and an annual premium of $79. The cheapest renters insurance provider in Anaheim, California is Capital Insurance Group, with a MoneyGeek score of 89 and an annual premium of $77.

The best homeowners insurance provider should offer a balance of customer service with affordability. Depending on your needs, other providers may be best, such as Travelers, which excels in service quality with an annual premium of $122. MoneyGeek also looked into the best and cheapest renters insurance in California for those who live elsewhere in the state.

The best renters insurance in Anaheim, California, is Nationwide with a MoneyGeek score of 96 out of 100 and an annual premium of $79. The following providers are the two best renters insurance providers in Anaheim for a policy with $20,000 in personal property coverage, $100,000 in personal liability, and a $1,000 deductible.

• Nationwide: MoneyGeek score of 96 out of 100 ($79 per year)
• Travelers: MoneyGeek score of 89 out of 100 ($122 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 55 out of 55.

In Anaheim, California, Capital Insurance Group offers the cheapest renters insurance at $77 per year for $20,000 in personal property coverage. The two cheapest providers, with minimal consideration for customer service, are:

• Capital Insurance Group: $77 per year
• Nationwide: $79 per year

Cheap renters insurance policies often have low personal property coverage limits. Higher coverage limits can increase your monthly costs but provide better protection for your belongings.

In Anaheim, 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 annual premium of $60. The two cheapest providers are:

• Capital Insurance Group: $60 per year
• Nationwide: $62 per year

A deductible is the amount you pay out of pocket before your insurance covers the rest, 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. Renters should consider their financial situation and risk tolerance when choosing a deductible.

In Anaheim, California, Travelers stands out as the best renters insurance company for service quality, with an annual premium of $122. The following providers are the top two best in Anaheim for a policy with $20,000 in personal property coverage, for those who value great customer service without considering affordability.

• Travelers: MoneyGeek score of 96 out of 100 ($122 per year)
• Nationwide: MoneyGeek score of 95 out of 100 ($79 per year)

MoneyGeek scores renters insurance providers based on J.D. Power surveys, which assess customer satisfaction and service quality. Great customer service is important for renters looking for insurance because it ensures a smooth claims process. For example, when you make a claim, great customer service means quick and efficient handling of your case, making a stressful situation more manageable.

Nationwide offers the best renters insurance for those in Anaheim, California, needing high personal property coverage, with an annual premium of $220 for a policy with $100,000 in personal property coverage. The two best providers in Anaheim are:

• Nationwide: MoneyGeek score of 97 out of 100 ($220 per year)
• Travelers: MoneyGeek score of 93 out of 100 ($296 per year)

High personal property coverage means protection for a significant amount of personal belongings. Renters with a large number of possessions typically require higher personal property coverage. This coverage protects items like furniture, electronics, and clothing from damage or theft.

As coverage limits increase, so does the premium. It's important to choose a provider that offers a good balance of cost and service quality. Note that high-value items like jewelry or art may need additional coverage to be fully protected.

In Anaheim, USAA is the top-ranked renters insurance company with an annual rank of 1. USAA is exclusively for those with military backgrounds in Anaheim. The following providers are the top two best providers in Anaheim for veterans for a policy with $20,000 in personal property coverage.

• USAA: MoneyGeek score of 100 out of 100 ($125 per year)
• Nationwide: MoneyGeek score of 96 out of 100 ($79 per year)

USAA offers a range of products tailored for those with a military background, providing discounts and coverages that suit the military lifestyle. While Nationwide ranks first in affordability, USAA’s tailored offerings for military members make it a strong contender.

The average cost of renters insurance in Anaheim, California is $133 annually, or about $11 per month. This is lower than the state average of $148. Compared with the national average of $145, Anaheim's rates are also more affordable. These rates are based on a renters insurance policy with $20,000 personal property limits, $100,000 liability limits and a $1,000 deductible.

Renters should remember that the average cost of renters insurance in Anaheim may vary greatly depending on the amount of personal property coverage you purchase. 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.

The cost of renters insurance in Anaheim, 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.

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.

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.

The best renters insurance provider for you in Anaheim ultimately depends on your needs. Below are some common questions to help you make an informed decision.