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


The best renters insurance in Bakersfield, California, is from State Farm, earning a MoneyGeek score of 85 and costing $125 annually for $20,000 in personal property coverage. Capital Insurance Group offers the cheapest option, scoring 89 and costing $76 per year. Travelers ranks highest for service quality, with an annual premium of $156.

The best homeowners insurance balances service quality and affordability, but the best choice depends on your needs. MoneyGeek also reviewed the best and cheapest renters insurance in California for residents in other parts of the state.

Key Takeaways

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For renters in Bakersfield, California, seeking the best overall balance between affordability and service quality, State Farm is the top choice. With a MoneyGeek score of 85 out of 100, State Farm offers coverage for $20,000 in personal property at an annual cost of $125. This combination of solid service and cost-effectiveness makes State Farm a leading option for renters prioritizing comprehensive coverage and customer satisfaction.

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In Bakersfield, California, Capital Insurance Group offers the cheapest renters insurance option, priced at just $59 annually for $20,000 in personal property coverage with a $2,000 deductible. This makes it a budget-friendly choice for those seeking affordable coverage. For a slightly higher premium, Allstate provides a comparable option at $101 per year, maintaining cost-effectiveness while still being an accessible alternative. While these policies help protect against theft or damage, it's important to consider the deductible and coverage limits to ensure they meet your specific needs, especially if you own valuable items.

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For renters in Bakersfield, California, prioritizing exceptional customer service, Travelers and Nationwide stand out as the top providers. Travelers leads with a MoneyGeek score of 96 out of 100, offering a premium of $156 per year for a policy with $20,000 in personal property coverage. Close behind, Nationwide scores 95, with a slightly higher annual cost of $159. Both companies deliver outstanding customer service, crucial in ensuring a smooth claims process, especially during stressful times. Their high scores are based on J.D. Power surveys evaluating satisfaction across policy offerings, price, billing, and claims processes. While these options might come at a higher premium compared to the cheapest alternatives, they provide invaluable peace of mind and reliability, making them an excellent choice for renters who prioritize service quality.

Why Trust MoneyGeek? We analyzed information from the California Department of Insurance and Quadrant Information Services to determine the top renters insurance options in Bakersfield.

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Renters insurance premiums in Bakersfield represent the most competitive estimates as of December 2024.

768Quotes Analyzed
 
8Providers Analyzed
 
3ZIP Codes

Overall Best Renters Insurance in Bakersfield, CA

The following are the best renters insurance providers in Bakersfield for a policy with $20,000 in personal property coverage:

  • State Farm: MoneyGeek score of 85 out of 100 ($125 per year)
  • Allstate: MoneyGeek score of 85 out of 100 ($101 per year)

State Farm perfectly balances customer satisfaction and cost effectiveness, with an affordability score of 45 out of 55.

Company logo for State Farm
Best OverallState Farm
MoneyGeek Score:
85/ of 100

Overview

State Farm ranks first in financial stability in Bakersfield. Renters can expect to pay $125 annually. The company's cyber event/identity theft coverage covers fraud-related costs, and its earthquake coverage protects your property from quake damage, so you're not left with large repair bills.

Best Renters Insurance in Bakersfield, CA
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Coverage:$20K Personal Property
State Farm85$ 125
Allstate85$ 101
Capital Insurance Group82$ 76
Travelers82$ 156
Nationwide80$ 159
Farmers71$ 171
Chubb61$ 260

Cheapest Renters Insurance in Bakersfield, CA

Capital Insurance Group offers the cheapest renters insurance with an average annual premium of $76 for $20,000 in personal property coverage with a $1,000 deductible:

  • Capital Insurance Group: $76 per year
  • Allstate: $101 per year

Personal property coverage helps replace or repair belongings if they're damaged or stolen. However, cheaper policies may have lower coverage limits, which might not be enough if you own many valuable items.

Cheapest Renters Insurance in Bakersfield, CA
Data filtered by:Results filtered by:
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Coverage:$20K Personal Property
Capital Insurance Group89$ 76
Allstate87$ 101
State Farm84$ 125
Travelers77$ 156
Nationwide75$ 159
Farmers67$ 171
Chubb49$ 260

Cheapest Renters Insurance With a High Deductible in Bakersfield, CA

In Bakersfield, Capital Insurance Group offers the cheapest renters insurance for $20,000 in personal property coverage with a $2,000 deductible at $59 per year. The two cheapest providers for this coverage are:

  • Capital Insurance Group: $59 per year
  • Allstate: $101 per year

You pay the deductible out of pocket before your insurance covers the rest. A higher deductible usually means lower premiums, while a lower deductible leads to higher premiums. Choosing a deductible you can afford is crucial if you need to file a claim.

Cheapest High Deductible Renters Insurance in Bakersfield, CA
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Coverage:$20K Personal Property
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Deductible:$ 2,000
Capital Insurance Group82$ 59
Allstate82$ 101
State Farm82$ 123
Nationwide83$ 125
Travelers85$ 126
Farmers68$ 167
Chubb61$ 240
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HOW TO SET YOUR DEDUCTIBLE

When choosing a deductible, pick an amount you can comfortably pay out of pocket if you file a claim. A higher deductible can lower your annual premium and save you money while providing adequate coverage.

Best Renters Insurance for Customer Service in Bakersfield, CA

For renters in Bakersfield who prioritize service over cost, the top providers for a policy with $20,000 in personal property coverage are:

  • Travelers: MoneyGeek score of 96 out of 100 ($156 per year)
  • Nationwide: MoneyGeek score of 95 out of 100 ($159 per year)

Excellent customer service is crucial when filing a claim, as it can make the process smoother during stressful times. MoneyGeek rates the best renters insurance for customer service based on J.D. Power surveys, which evaluate satisfaction with policy offerings, price, billing and claims.

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

Overview

Travelers ranks first in customer satisfaction and coverage in Bakersfield with an average annual premium of $156. Travelers' contents replacement cost add-on covers personal property losses at full replacement value without deducting for depreciation. Its scheduled personal property coverage offers higher coverage limits for special items like jewelry and fine art without needing appraisals.

Best Renters Insurance For Service Quality in Bakersfield, CA
Data filtered by:Results filtered by:
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Coverage:$20K Personal Property
Travelers96$ 156
Nationwide95$ 159
Chubb93$ 260
State Farm86$ 125
Allstate77$ 101
Farmers77$ 171
Capital Insurance Group61$ 76

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

In Bakersfield, State Farm is the best option for renters needing high personal property coverage. The top providers for $100,000 in coverage are:

  • State Farm: MoneyGeek score of 89 out of 100 ($335 per year)
  • Travelers: MoneyGeek score of 88 out of 100 ($384 per year)

Renters with many possessions often need higher personal property coverage to protect their belongings. While higher coverage increases costs, finding a provider that balances affordability with excellent service is crucial. Consider additional coverage for high-value items like jewelry or art to ensure full protection.

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

Overview

State Farm ranks first in affordability and customer satisfaction for expensive homes in Bakersfield, with a $335 annual premium. Its cyber event/identity theft coverage reimburses expenses for restoring your identity in case of fraud.

Best Renters Insurance for High Personal Property Limits in Bakersfield, CA
State Farm89$ 335
Travelers88$ 384
Allstate85$ 312
Capital Insurance Group82$ 235
Nationwide79$ 508
Farmers77$ 430
Chubb61$ 796
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SCHEDULED PERSONAL PROPERTY COVERAGE

You need additional coverage if you own valuables like fine jewelry or art since standard policies often don't cover these items. Choose a provider offering scheduled personal property coverage to protect your high-value possessions.

Best Renters Insurance for Military Families in Bakersfield, CA

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

  • USAA: MoneyGeek score of 100 out of 100 ($103 per year)
  • State Farm: MoneyGeek score of 85 out of 100 ($125 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 top renters insurance provider in Bakersfield for military members, with an average annual premium of $103. It excels in customer satisfaction, coverage and affordability.

USAA's contents replacement cost coverage allows for replacing stolen or damaged items with new ones. Its worldwide personal property coverage protects belongings while the policyholder is deployed overseas. These features cater specifically to the needs of the military community.

Best Renters Insurance for Military in Bakersfield, CA
Data filtered by:Results filtered by:
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Coverage:$20K Personal Property
USAA100$ 103
State Farm85$ 125
Allstate85$ 101
Capital Insurance Group82$ 76
Travelers82$ 156
Nationwide80$ 159
Farmers71$ 171
Chubb61$ 260

Average Cost of Renters Insurance in Bakersfield, CA

The average renters insurance cost in Bakersfield is $150 annually (about $13 per month), slightly higher than California's average of $148 and the national average of $145. These rates are for a policy with $20,000 in personal property coverage, $100,000 in liability coverage and a $1,000 deductible.

Renters insurance costs can vary depending on the amount of personal property coverage you choose. Use the calculator below to estimate how much coverage you need and tailor your policy to fit your needs.

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 Bakersfield

The cost of renters insurance in Bakersfield depends on several factors:

  • Location: Crime rates and weather risks in your area can affect your premium.
  • Coverage amount: Higher coverage limits increase your insurance costs.
  • Deductible: A higher deductible lowers your monthly premium but means higher out-of-pocket costs in a claim.
  • Claims history: A history of claims may lead to higher premiums due to increased perceived risk.
  • Credit score: A better credit record can result in lower premiums.

What Renters Insurance Covers in Bakersfield, CA

Renters insurance covers personal property, liability and additional living expenses. It protects against theft, damage and accidents. Purchasing renters insurance provides financial security and peace of mind in unexpected situations.

Here's what renters insurance covers:

  • Personal property coverage: Protects your belongings against damage or theft. For example, this coverage helps replace stolen items if your apartment is burglarized.
  • Personal liability coverage: Covers legal expenses if someone is injured in your rental. For instance, if a guest slips and falls, this coverage can help with medical bills and legal fees.
  • Loss of use coverage: Pays for additional living expenses if your rental becomes uninhabitable. For example, if a fire damages your apartment, loss of use coverage helps with the cost of a hotel stay.
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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 Bakersfield

While renters insurance provides a financial safety net, it doesn't cover every situation:

  • Natural disasters: Standard policies typically exclude damage from floods.
  • Roommate's belongings: Personal property coverage usually doesn't extend to a roommate's possessions unless they're specifically listed on the policy.
  • High-value items: Expensive items like jewelry or electronics may require additional coverage if their value exceeds the policy limit.
  • Business equipment: Property used for business purposes is generally not covered under standard renters insurance.
  • Pest damage: Damage from pests like bed bugs or rodents is usually not covered.
  • Car theft: While personal property stolen from your car may be covered, the theft of the vehicle itself is not.

FAQ: Renters Insurance in Bakersfield, CA

Choosing the best renters insurance provider in Bakersfield depends on your needs. Here are answers to frequently asked questions to help you make an informed decision.

How much is renters insurance in Bakersfield, California, on average?

What is the cheapest renters insurance company in Bakersfield, CA?

What is the best renters insurance company in Bakersfield, CA?

Do I need renters insurance in Bakersfield, CA?

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.