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

Nationwide is the best renters insurance company in Corona, California, with a MoneyGeek score of 92 and an average annual premium of $116. Capital Insurance Group is the cheapest renters insurance provider, with a MoneyGeek score of 89 and an average annual premium of $87. The best and cheapest quotes were derived using $20,000 in personal property coverage.

The best homeowners insurance provider should balance customer service with affordability. Travelers is the best in terms of service quality, with an annual premium of around $149. MoneyGeek also looked into the best and cheapest renters insurance in California for those who live elsewhere in the state.

Nationwide is the best renters insurance provider in Corona, California, with a MoneyGeek score of 92 out of 100 and an average annual premium of $116. The following are the top two best renters insurance providers in Corona for a policy with $20,000 in personal property coverage, $100,000 in personal liability and a $1,000 deductible:

• Nationwide: MoneyGeek score of 92 out of 100 ($116 per year)
• Travelers: MoneyGeek score of 87 out of 100 ($149 per year)

Nationwide has perfectly balanced customer satisfaction and affordability, with an affordability score of 50 out of 55.

In Corona, California, Capital Insurance Group offers the cheapest renters insurance, with an average annual premium of $87 for $20,000 in personal property coverage. MoneyGeek rated the cheapest renters insurance in Corona with minimal consideration for customer service. The following providers are the top two cheapest in Corona for $20,000 in personal property coverage and a $1,000 deductible:

• Capital Insurance Group: $87 per year
• Allstate: $111 per year

Personal property coverage protects your belongings from damage or theft. Cheap renters insurance policies often have low personal property coverage limits. Higher personal property coverage limits can lead to higher monthly costs but provide better protection if you have many personal belongings.

Capital Insurance Group offers the cheapest renters insurance in Corona, California, for a policy with $20,000 in personal property coverage and a $2,000 deductible at an average annual premium of $68. The following providers are the top two cheapest in Corona for $20,000 in personal property coverage and a $2,000 deductible:

• Capital Insurance Group: $68 per year
• Nationwide: $91 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 affordability and adequate coverage. If you need to file a claim, remember that a higher deductible means more out-of-pocket expenses before your insurance kicks in.

Travelers is the best renters insurance company for service quality in Corona, California, with an average annual premium of $149. The following providers are the top two best in Corona, California, for a policy with $20,000 in personal property coverage for those who value excellent customer service:

• Travelers: MoneyGeek score of 96 out of 100 ($149 per year)
• Nationwide: MoneyGeek score of 95 out of 100 ($116 per year)

Great customer service is important for renters because it ensures a smooth experience when filing a claim. For instance, when you make a claim, you want quick and helpful responses to resolve your issues efficiently. MoneyGeek scores renters insurance providers based on customer satisfaction surveys by J.D. Power, which assess service quality and customer experiences.

Nationwide offers the best renters insurance in Corona, California, for those needing high personal property coverage, with an average annual premium of $354 for $100,000 in coverage. For $100K in personal property coverage, the top two best providers in Corona are:

• Nationwide: MoneyGeek score of 92 out of 100 ($354 per year)
• Travelers: MoneyGeek score of 92 out of 100 ($381 per year)

High personal property coverage refers to insurance that protects a substantial amount of personal belongings. Renters with a considerable number of possessions often require higher personal property coverage. This type of coverage ensures your belongings — from electronics to clothes — are protected against potential losses.

However, higher coverage levels typically come with higher premiums. It's important to find a provider that balances affordability and exemplary service, especially when you have numerous valuable items. Remember that high-value items like jewelry or art may need additional coverage to be fully protected.

USAA is the top-ranked renters insurance company in Corona, exclusively serving those with military backgrounds. The following providers are the top two providers in Corona for veterans for a policy with $20,000 in personal property coverage.

• USAA: MoneyGeek score of 100 out of 100 ($190 per year)
• Nationwide: MoneyGeek score of 92 out of 100 ($116 per year)

USAA offers various products tailored to those with a military background, offering discounts and coverages that suit the military lifestyle. 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 cost of renters insurance in Corona, California, is $152 annually or $13 per month. This cost is slightly higher than the California state average of $148 and the national average of $145. These rates are based on a renters insurance policy with $20,000 in personal property limits, $100,000 in liability limits and a $1,000 deductible.

Renters should remember that the average cost of renters insurance in Corona 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 much coverage you need based on the value of your personal property.

The cost of renters insurance in Corona, 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 case 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 covers personal property, liability and additional living expenses. It protects against theft, fire and other covered events. Purchasing renters insurance is important because it helps avoid unexpected costs and safeguards your belongings and finances. Below are the main areas renters insurance covers:

• Personal Property Coverage: This covers your personal belongings from damage or theft. For example, if a fire damages your apartment in California, your renters insurance can help replace your belongings.
• Personal Liability Coverage: This protects you if someone gets injured in your rental unit or if you accidentally damage someone else’s property. For instance, if a guest slips and falls in your California apartment, this coverage can help with their medical expenses.
• Loss of Use Coverage: This helps cover additional living expenses if your rental becomes uninhabitable due to a covered event. For example, if a wildfire forces you out of your California home, loss of use coverage can help pay for temporary housing.

Renters insurance in Corona does not cover everything, such as flood and earthquake damage. Here are some common exclusions:

• Flood Damage: Renters insurance does not cover damage caused by flooding.
• Earthquake Damage: Renters insurance does not cover damage caused by earthquakes.

The best renters insurance provider for you in Corona, California, ultimately depends on your needs. We answered some frequently asked questions to help you make an informed decision.