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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.