Best and Cheapest Renters Insurance in Fairfield, CA (Sept 2024)

Allstate is the best renters insurance company in Fairfield, California, with a MoneyGeek score of 85 out of 100 and an average annual premium of $93. Capital Insurance Group is the cheapest renters insurance provider, with a MoneyGeek score of 89 out of 100 and an annual premium of around $71. 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, other providers may be best. For instance, Travelers is the best for service quality, with an annual premium of about $136. MoneyGeek also looked into the best and cheapest renters insurance in California for those who live elsewhere in the state.

Allstate is the best renters insurance provider in Fairfield, California, with a MoneyGeek score of 85 out of 100 and an average annual premium of $93. The following are the top two best renters insurance providers in Fairfield for a policy with $20,000 in personal property coverage, $100,000 in personal liability and a $1,000 deductible:

• Allstate: MoneyGeek score of 85 out of 100 ($93 per year)
• State Farm: MoneyGeek score of 85 out of 100 ($121 per year)

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

In Fairfield, California, Capital Insurance Group offers the cheapest renters insurance, with an average annual premium of $71 for $20,000 in personal property coverage with a $1,000 deductible.

• Capital Insurance Group: $71 per year
• Allstate: $93 per year

Personal property coverage helps replace or repair your belongings if damaged or stolen. Cheap renters insurance policies may have lower personal property coverage limits, which could be insufficient if you have numerous valuable items.

In Fairfield, 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 $55. The following providers are the top two cheapest in Fairfield for $20,000 in personal property coverage and a $2,000 deductible:

• Capital Insurance Group: $55 per year
• Allstate: $93 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. Choosing the right deductible can help manage your insurance costs effectively.

Travelers offers the best renters insurance in Fairfield, California, with an average annual premium of $136. The following providers are the top two in Fairfield, California, for a policy with $20,000 in personal property coverage, focusing on great customer service.

• Travelers: MoneyGeek score of 96 out of 100 ($136 per year)
• Nationwide: MoneyGeek score of 95 out of 100 ($153 per year)

Great customer service is important for renters because it ensures a smooth and supportive experience, especially when filing a claim. Excellent customer service means quick responses and fair assessments, making the process less stressful when you make a claim. MoneyGeek scores renters insurance providers based on customer satisfaction ratings from J.D. Power surveys, which assess service quality and overall satisfaction.

For renters in Fairfield, California, needing high personal property coverage, State Farm offers an average annual premium of $277 for a policy with $100,000 in coverage. For $100K in personal property coverage, the top two providers in Fairfield are:

• State Farm: MoneyGeek score of 91 out of 100 ($277 per year)
• Travelers: MoneyGeek score of 91 out of 100 ($327 per year)

High personal property coverage ensures that renters' valuable belongings are protected up to a substantial value. Renters with a considerable amount of belongings often require higher personal property coverage, which is insurance protection for items like furniture, electronics and clothing.

As coverage limits increase, so typically does the cost. Finding a provider that offers cost-effective premiums and excellent service is vital when you possess many items. Remember that high-value items such as jewelry or artwork may not be fully covered under standard policies and might necessitate additional coverage.

In Fairfield, USAA is the top-ranked renters insurance company for those with military backgrounds, with a MoneyGeek score of 100 out of 100. USAA is exclusively available to military members and their families in Fairfield. The following providers are the top two best in Fairfield for military members for a policy with $20,000 in personal property coverage:

• USAA: MoneyGeek score of 100 out of 100 ($153 per year)
• Allstate: MoneyGeek score of 85 out of 100 ($93 per year)

USAA offers various products tailored to those with a military background, including 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 Fairfield, California, is $140 annually or $12 monthly. This rate is $8 cheaper than the California state average of $148 annually and lower than the national average of $145 annually. 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 note that the average cost of renters insurance in Fairfield 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.

Various factors can influence the cost of renters insurance in Fairfield, California. For instance, the location of your rental and the value of your personal property can impact your premiums. Understanding these factors is important when shopping for a policy to ensure you get the coverage you need at a price you can afford. Below are key factors that affect renters insurance costs:

• Location: The area where you live can affect your insurance costs due to crime rates and natural disaster risks. Higher crime areas or regions prone to earthquakes may have higher premiums.
• Personal Property Value: The more valuable your belongings, the higher your insurance cost. Insurers charge more to cover expensive items.
• Coverage Amount: Higher coverage limits result in higher premiums. Ensure you choose a coverage amount that balances cost and protection.
• Deductible: A higher deductible can lower your premium. However, this means you'll pay more out of pocket in the event of a claim.
• Claims History: A history of claims can increase your insurance costs. Insurers see a higher risk in those who have filed multiple claims.

Renters insurance covers personal property, liability and additional living expenses. It protects against theft, damage and accidents. Purchasing renters insurance is important because it helps cover unexpected costs. This financial protection can be crucial for renters facing unforeseen events. Below are the key coverages included in renters insurance:

• Personal Property Coverage: This coverage protects your personal belongings from damage or theft. For example, if a fire damages your apartment in California, your furniture and electronics would be covered.
• Personal Liability Coverage: This coverage protects you if someone is 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 pay for their medical expenses.
• Loss of Use Coverage: This coverage helps pay for additional living expenses if your rental unit becomes uninhabitable due to a covered loss. For example, if an earthquake renders your California apartment uninhabitable, loss of use coverage can help pay for a hotel stay.

Renters insurance in Fairfield does not cover everything; for example, it typically excludes flood and earthquake damage. Here are some common exclusions:

• Flood Damage: Renters insurance does not cover damage caused by floods.
• Earthquake Damage: Damage resulting from earthquakes is not covered by standard renters insurance policies.

The best renters insurance provider in Fairfield, California, depends on your unique needs. We answered the frequently asked questions to help you make an informed decision.