Best and Cheapest Renters Insurance in Chandler, AZ (2024)

The best renters insurance company in Chandler, Arizona is Nationwide with a MoneyGeek score of 89 and an annual premium of $130. The cheapest provider is Auto-Owners with a MoneyGeek score of 94 and an annual premium of $114. The best provider should balance customer service with affordability.

Depending on your needs, Travelers is notable for service quality with an annual premium of $205. MoneyGeek also looked into the best and cheapest renters insurance in Arizona for those who live elsewhere in the state.

The best renters insurance in Chandler, Arizona, is Nationwide with a MoneyGeek score of 89 out of 100 and an annual premium of $130. The following providers are the top two best renters insurance providers in Chandler for a policy with $20,000 in personal property coverage, $100,000 in personal liability, and a $1,000 deductible.

• Nationwide: MoneyGeek score of 89 out of 100 ($130 per year)
• Auto-Owners: MoneyGeek score of 88 out of 100 ($114 per year)

The best provider in the state is one that can balance both cost and affordability.

In Chandler, Arizona, Auto-Owners offers the cheapest renters insurance with an annual premium of $114 for $20,000 in personal property coverage. The following providers are the top two cheapest providers in Chandler for $20,000 in personal property coverage and a $1,000 deductible. MoneyGeek rated the cheapest renters insurance in Chandler with minimal consideration for customer service.

• Auto-Owners: $114 per year
• Allstate: $119 per year

Cheap renters insurance policies often come with low personal property coverage limits. While higher coverage limits can lead to higher monthly costs, they offer better protection if you have many personal belongings.

In Chandler, Arizona, Nationwide 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 $110. The following providers are the top two cheapest providers in Chandler for $20,000 in personal property coverage and a $2,000 deductible:

• Nationwide: $110 per year
• Auto-Owners: $112 per year

A higher deductible often leads to cheaper premiums, while a lower deductible means higher premiums. It's important to balance both to ensure you have affordable coverage that meets your needs. If you need to file a claim, a higher deductible will mean paying more out of pocket, so choose a deductible amount that you can comfortably afford.

Travelers offers the best renters insurance for service quality in Chandler, Arizona, with an annual premium of $205. The following providers are the top two best in Chandler, Arizona, for a policy with $20,000 in personal property coverage, for those who value great customer service without considering affordability:

• Travelers: MoneyGeek score of 85 out of 100 ($205 per year)
• Nationwide: MoneyGeek score of 84 out of 100 ($130 per year)

Great customer service is important for renters because it ensures a smooth and supportive experience, especially when filing a claim. When you file a claim, having a responsive and helpful insurance provider can make the process less stressful and more efficient.

For renters in Chandler, Arizona needing substantial coverage, American Family stands out as the best renters insurance company, with an annual premium of $213 for policies including $100,000 in personal property coverage. High personal property coverage ensures that renters with a large quantity of valuable possessions are fully protected. For $100K in personal property coverage, the following providers are the top two best providers in Chandler:

• American Family: MoneyGeek score of 92 out of 100 ($213 per year)
• Nationwide: MoneyGeek score of 90 out of 100 ($254 per year)

Renters with an extensive amount of belongings often require higher personal property coverage, which safeguards items like furniture, electronics and clothing against loss or damage.

USAA is the top-ranked renters insurance company for military members in Chandler, with an annual premium of $97. USAA is exclusively available for those with military backgrounds. The following providers are the top two best providers in Chandler for veterans for a policy with $20,000 in personal property coverage:

• USAA: MoneyGeek score of 100 out of 100 ($97 per year)
• Nationwide: MoneyGeek score of 89 out of 100 ($130 per year)

USAA offers a range of products tailored for those with a military background, offering discounts and coverages that suit the military lifestyle. It is the cheapest option in Chandler for military members, making it a great choice for affordability and specialized services.

In Chandler, the best renters insurance company for renters with poor credit is Nationwide, with an annual premium of $206 for a policy with $20,000 in personal property coverage. The top two providers in Chandler for the same type of policy are:

• Nationwide: MoneyGeek score of 92 out of 100 ($206 per year)
• American Family: MoneyGeek score of 91 out of 100 ($256 per year)

Rates in Chandler for renters with poor credit are typically higher, as they are considered higher-risk by providers. This is because poor credit may indicate a higher likelihood of filing claims.

The average cost of renters insurance in Chandler, Arizona is $179 annually or $15 monthly, which is lower than the state average of $195. Compared to the national average of $145, Chandler's cost is higher by $34. 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 note that the average cost of renters insurance in Chandler 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.

Various factors influence the cost of renters insurance in Chandler, Arizona. For instance, the location of your rental property and the amount of coverage you choose can significantly impact your premiums. Understanding these factors is crucial when shopping for a policy, as it helps you make informed decisions and potentially save money. Below are some key factors that affect renters insurance costs:

• Location: Areas with higher crime rates or natural disaster risks typically have higher insurance premiums. Insurers charge more to cover the increased risk of theft or damage.
• Coverage Amount: Higher coverage limits generally result in higher premiums. More coverage means the insurer is taking on more risk.
• Deductible: A higher deductible can lower your monthly premiums. However, this means you'll pay more out-of-pocket in the event of a claim.
• Credit Score: Insurers may use your credit score to determine your premium. A higher credit score often results in lower insurance costs.
• Claims History: A history of frequent claims can lead to higher premiums. Insurers view frequent claims as a higher risk, which they compensate for with higher costs.

Renters insurance primarily protects your personal belongings from damage, but it also offers other important coverages such as personal liability and loss of use. Let's break down what renters insurance covers:

• Personal Property Coverage: This covers your belongings in case of theft, fire, or other perils. For example, if your apartment in Arizona is burglarized, your renters insurance can help replace stolen items.
• Personal Liability Coverage: This protects you if someone is injured in your rental or if you accidentally damage someone else's property. For instance, if a guest slips and falls in your Arizona apartment, this coverage can help with medical expenses and legal fees.
• Loss Of Use Coverage: This helps with additional living expenses if your rental becomes uninhabitable due to a covered event. If a fire makes your Arizona apartment unlivable, loss of use coverage can pay for hotel stays and other extra costs.

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: While 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 Chandler ultimately depends on your needs. Below, we address some frequently asked questions to help you make an informed decision.