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

The best renters insurance company in Burbank, California, is Travelers with a MoneyGeek score of 93 and an annual premium of $137. The cheapest renters insurance provider is Capital Insurance Group with a MoneyGeek score of 89 and an annual premium of $103.

The best homeowners insurance provider should offer a balance of customer service with affordability. \Depending on your needs, other providers may be best. For example, Travelers is the best for those with expensive personal property, offering an annual premium of $332. We also looked into the best and cheapest renters insurance in California for those who live elsewhere in the state.

The best renters insurance in Burbank, California, is Travelers with a MoneyGeek score of 93 out of 100 and an annual premium of $137. The following providers are the two best renters insurance providers in Burbank for a policy with $20,000 in personal property coverage, $100,000 in personal liability, and a $1,000 deductible.

• Travelers: MoneyGeek score of 93 out of 100 ($137 per year)
• State Farm: MoneyGeek score of 93 out of 100 ($121 per year)

The best provider in the state balances both cost and affordability. Travelers has perfectly balanced customer satisfaction and affordability with an affordability score of 50 out of 55.

In Burbank, California, Capital Insurance Group offers the cheapest renters insurance at $103 per year for $20,000 in personal property coverage. The following providers are the two cheapest providers in Burbank for $20,000 in personal property coverage and a $1,000 deductible:

• Capital Insurance Group: $103 per year
• State Farm: $121 per year

We the cheapest renters insurance in Burbank with minimal consideration for customer service.

Cheap renters insurance policies often have low personal property coverage limits. Personal property coverage helps protect your belongings, such as furniture, electronics, and clothing, in case of theft or damage. Higher personal property coverage limits can lead to higher monthly costs but offer better protection if you have many personal belongings.

In Burbank, 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 $80. The following providers are the two cheapest providers in Burbank for $20,000 in personal property coverage and a $2,000 deductible:

• Capital Insurance Group: $80 per year
• Travelers: $111 per year

A deductible is the amount you pay out of pocket before your insurance kicks in, and it can affect your rates. Choosing 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. This balance helps you manage both your monthly costs and potential out-of-pocket expenses.

Travelers is the best renters insurance company for service quality in Burbank, California, with an annual premium of $137. The following providers are the two best providers in Burbank, California, 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 ($137 per year)
• Nationwide: MoneyGeek score of 95 out of 100 ($141 per year)

MoneyGeek scores renters insurance providers and their customer satisfaction based on J.D. Power surveys, which measure customer experiences and satisfaction in the context of renters insurance.

Great customer service is important for renters looking for insurance because it ensures a smooth process when making claims. For example, when you file a claim, having a responsive and helpful insurer can make the experience less stressful and more efficient.

Travelers offers the best renters insurance for those in Burbank, California, needing high personal property coverage, with an annual premium of $332 for a policy with $100,000 in personal property coverage. For $100K in personal property coverage, the following are the two best providers in Burbank:

• Travelers: MoneyGeek score of 97 out of 100 ($332 per year)
• State Farm: MoneyGeek score of 95 out of 100 ($307 per year)

High personal property coverage means having a policy that protects a significant amount of your belongings. Renters with many belongings often need higher personal property coverage, which protects items like furniture, electronics, and clothing from loss or damage.

Although higher coverage levels can lead to higher costs, it's important to find a provider that offers a balance of cost and excellent service. However, keep in mind that high-value items like jewelry or art may require additional coverage because standard policies often have limits on such items.

USAA is the top-ranked renters insurance company for military members in Burbank with an annual premium of $185. The following providers are the two best providers in Burbank for veterans for a policy with $20,000 in personal property coverage:

• USAA: MoneyGeek score of 100 out of 100 ($185 per year)
• Travelers: MoneyGeek score of 93 out of 100 ($137 per year)

USAA is exclusively available to those with military backgrounds in Burbank. USAA offers a range of products, providing discounts and coverages that suit the military lifestyle.

The average cost of renters insurance in Burbank, California is $167 annually or $13 monthly, which is higher than the state average of $148. This cost is also above the national average of $145. These rates are based on a renters insurance policy with $20,000 personal property limits, $100,000 liability limits, and a $1,000 deductible.

The average cost of renters insurance in Burbank may vary greatly depending on the amount of personal property coverage you purchase. Personal property coverage protects your belongings in case of damage or theft. Use the calculator below to see how prices change based on the value of your personal property.

The cost of renters insurance in Burbank, 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 Burbank ultimately depends on your needs. Below are some common questions to help you make an informed decision.