Best and Cheapest Renters Insurance in Costa Mesa, CA (2024)

Nationwide is the best renters insurance company in Costa Mesa, California, with a MoneyGeek score of 93 and an average annual premium of $104. Capital Insurance Group is the cheapest renters insurance provider, with a MoneyGeek score of 89 and an annual premium of around $88. The best and cheapest quotes are based on $20,000 in personal property coverage.

The best homeowners insurance provider should balance customer service with affordability. Depending on your needs, Travelers leads for service quality, with an average annual premium of $124. MoneyGeek also looked into the best and cheapest renters insurance in California for those who live elsewhere in the state.

Nationwide provides the best renters insurance in Costa Mesa, California, with a MoneyGeek score of 93 out of 100 and an average annual premium of $104. The following are the top two best renters insurance providers in Costa Mesa for a policy with $20,000 in personal property coverage, $100,000 in personal liability and a $1,000 deductible:

• Nationwide: MoneyGeek score of 93 out of 100 ($104 per year)
• Travelers: MoneyGeek score of 90 out of 100 ($124 per year)

Nationwide has perfectly balanced customer satisfaction and affordability, with an affordability score of 52 out of 55.

Capital Insurance Group offers the cheapest renters insurance in Costa Mesa, California. Its policy with $20,000 in personal property coverage costs an average annual premium of $88. The following providers are the top two cheapest in Costa Mesa for $20,000 in personal property coverage and a $1,000 deductible, with minimal consideration for customer service by MoneyGeek.

• Capital Insurance Group: $88 per year
• Nationwide: $104 per year

Personal property coverage helps protect your belongings against 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 belongings.

In Costa Mesa, California, Capital Insurance Group offers the cheapest renters insurance for a policy with $20,000 in personal property coverage and a $2,000 deductible, at an average annual premium of $69. The following are the top two cheapest providers in Costa Mesa for $20,000 in personal property coverage and a $2,000 deductible:

• Capital Insurance Group: $69 per year
• Nationwide: $82 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 you can afford the deductible if you need to file a claim. This balance can help you manage your finances effectively if an unexpected event occurs.

In Costa Mesa, California, Travelers is the best renters insurance company for service quality, with an average annual premium of $124. The following providers are the top two best in Costa Mesa for a policy with $20,000 in personal property coverage, focusing on excellent customer service:

• Travelers: MoneyGeek score of 96 out of 100 ($124 per year)
• Nationwide: MoneyGeek score of 95 out of 100 ($104 per year)

Great customer service is important for renters because it ensures a smooth and supportive experience when dealing with claims. For example, when you make a claim, a company with excellent customer service will efficiently guide you through the process, making it less stressful. MoneyGeek scores renters insurance providers based on customer satisfaction from J.D. Power surveys, which measure how happy customers are with their insurance experience.

For renters in Costa Mesa, California, needing high personal property coverage, State Farm offers the best option with an average annual premium of $239 for a policy with $100,000 coverage. For $100K in personal property coverage, the top two best providers in Costa Mesa are:

• State Farm: MoneyGeek score of 95 out of 100 ($239 per year)
• Travelers: MoneyGeek score of 93 out of 100 ($322 per year)

Renters with a significant number of belongings often require higher personal property coverage. This coverage ensures that a renter's valuable belongings are protected up to a substantial amount. It safeguards items like furniture, electronics and clothing against risks such as theft or damage.

While higher coverage levels typically result in higher premiums, it's vital to find a provider that offers both reasonable costs and excellent service. Note that high-value items such as jewelry or art may exceed standard coverage limits and could necessitate additional coverage.

In Costa Mesa, USAA ranks first with an average annual premium of $110. This company caters exclusively to those with military backgrounds. The following are the top two best providers of military renters insurance in Costa Mesa for a policy with $20,000 in personal property coverage:

• USAA: MoneyGeek score of 100 out of 100 ($110 per year)
• Nationwide: MoneyGeek score of 93 out of 100 ($104 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 Costa Mesa, California, is $142 annually or $12 monthly. This rate is slightly cheaper 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.

Remember that the average cost of renters insurance in Costa Mesa may vary greatly depending on the amount of personal property coverage you purchase. Personal property coverage protects your belongings in case of theft, damage or loss. Use the calculator below to see how much coverage you need based on the value of your personal property.

Various factors can influence renters insurance costs in Costa Mesa, California. For example, the location of your rental property and the amount of coverage you need can significantly impact your premiums. Understanding these factors is crucial when selecting your policy, as it helps you make informed decisions and avoid unnecessary expenses.

• Location: The neighborhood's risk of theft or natural disasters can increase or decrease your premiums.
• Coverage Amount: Higher coverage amounts result in higher premiums because they provide more protection.
• Deductible: A higher deductible can lower your premium, but it means more out-of-pocket expenses in case of a claim.
• Personal Property Value: Insuring valuable items will increase your premium since it raises the potential payout.
• Claims History: A history of frequent claims can lead to higher premiums as it indicates a higher risk to insurers.

Renters insurance covers personal property, liability and additional living expenses. It protects against theft, fire and certain natural disasters. Purchasing renters insurance is important because it provides financial protection in case of unexpected events. Here’s what renters insurance typically covers:

• Personal Property Coverage: This covers your belongings against risks like fire, theft and vandalism. For example, if a wildfire damages your apartment in California, your furniture and electronics would be covered.
• Personal Liability Coverage: This protects you if someone is injured in your rental and you are found liable. 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 pay for additional living expenses if your rental becomes uninhabitable. If an earthquake renders your California apartment unlivable, loss of use coverage can cover hotel stays and meals.

Renters insurance in Costa Mesa does not cover everything. For instance, it typically excludes flood and earthquake damages. Here are some common exclusions:

• Flood Damage: Renters insurance does not cover damage caused by flooding.
• Earthquake Damage: Damage from earthquakes is not included in standard renters insurance.

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