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

Nationwide is the best renters insurance company in Fullerton, California, with a MoneyGeek score of 96 and an average annual premium of $81. Capital Insurance Group is the cheapest renters insurance provider in Fullerton, with a MoneyGeek score of 89 and an average annual premium of $77. 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 excels in service quality, with an annual premium of around $116. 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 Fullerton, California, with a MoneyGeek score of 96 out of 100 and an average annual premium of $81. These are the top two best renters insurance providers in Fullerton for a policy with $20,000 in personal property coverage, $100,000 in personal liability and a $1,000 deductible:

• Nationwide: MoneyGeek score of 96 out of 100 ($81 per year)
• Travelers: MoneyGeek score of 90 out of 100 ($116 per year)

Nationwide has perfectly balanced customer satisfaction and affordability, with an affordability score of 54 out of 55.

In Fullerton, California, Capital Insurance Group offers the cheapest renters insurance, with an average annual premium of $81 for $20,000 in personal property coverage. These are the top two cheapest in Fullerton for $20,000 in personal property coverage and a $1,000 deductible, with MoneyGeek rating the cheapest renters insurance with minimal consideration for customer service:

• Capital Insurance Group: $77 per year
• Nationwide: $81 per year

Personal property coverage protects your belongings in case of theft, fire or other covered events. Cheap renters insurance policies often have low personal property coverage limits. Higher coverage limits can lead to higher monthly costs but provide better protection if you have many personal belongings.

In Fullerton, 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 average annual premium of $60. These are the top two cheapest providers in Fullerton for $20,000 in personal property coverage and a $2,000 deductible:

• Capital Insurance Group: $60 per year
• Nationwide: $64 per year

A deductible is the amount you pay out of pocket before your insurance kicks in, 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, a higher deductible means you will pay more out of pocket, but your premiums will be lower.

In Fullerton, California, Travelers is the best renters insurance company for service quality, with an average annual premium of $116. These are the top two best in Fullerton for a policy with $20,000 in personal property coverage, focusing on excellent customer service without considering affordability.

• Travelers: MoneyGeek score of 96 out of 100 ($116 per year)
• Nationwide: MoneyGeek score of 95 out of 100 ($81 per year)

GrExcellentustomer service is important for renters because it ensures a smooth and stress-free experience, especially when filing a claim. For example, having a responsive and helpful insurance provider can make the process much easier and quicker if you need to make a claim. MoneyGeek scores renters insurance providers based on customer satisfaction surveys from J.D. Power, which evaluate how well companies serve their customers.

Nationwide offers the best renters insurance for those in Fullerton, California, who require high personal property coverage, with an average annual premium of $232 for $100,000 in coverage. For $100K in personal property coverage, the top two best providers in Fullerton are:

• Nationwide: MoneyGeek score of 96 out of 100 ($232 per year)
• State Farm: MoneyGeek score of 95 out of 100 ($218 per year)

Renters with a large number of possessions often need higher personal property coverage to protect their belongings against loss or damage. This coverage is vital for financial security, but higher limits typically come with increased premiums. It's important to choose a provider that offers a good balance of affordability and excellent service. Remember that certain high-value items like jewelry or art may require additional coverage to ensure full protection.

In Fullerton, USAA is the top-ranked renters insurance company exclusively for those with military backgrounds. These are the top two best providers in Fullerton for military members for a policy with $20,000 in personal property coverage:

• USAA: MoneyGeek score of 100 out of 100 ($129 per year)
• Nationwide: MoneyGeek score of 96 out of 100 ($81 per year)

USAA offers a range of products tailored for those with a military background, providing 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 Fullerton, California, is $134 annually or about $11 monthly. This rate is lower than the California state average of $148 annually and 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 remember that the average cost of renters insurance in Fullerton 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 elements can influence the cost of renters insurance in Fullerton, California. For instance, the location's crime rates and natural disaster risks can significantly affect premiums. The amount of coverage you choose also plays a crucial role in determining your insurance costs. Understanding these factors is essential when selecting a renters insurance policy to ensure you get the best coverage at an affordable price. Below are some key factors that affect renters insurance costs:

• Location: Areas with higher crime rates or natural disaster risks typically have higher premiums.
• Coverage amount: More extensive coverage usually means higher costs.
• Deductible: A higher deductible can result in lower monthly premiums.
• Claims history: Frequent claims can lead to increased premiums.
• Credit score: Lower credit scores can result in higher insurance costs.

Renters insurance covers personal property, liability and additional living expenses. It protects against theft, fire and certain natural disasters. Purchasing renters insurance ensures you are covered in case of unexpected events, providing security and reducing potential financial burdens. Below are the key areas renters insurance covers:

• Personal Property Coverage: This coverage protects your belongings from events like fire or theft. For instance, if a fire damages your electronics in your California apartment, this coverage would help replace them.
• Personal Liability Coverage: This coverage helps with legal fees if you're found responsible for someone else's injury or property damage. For example, personal liability coverage would assist with medical and legal costs if a guest slips and falls in your California rental.
• Loss of Use Coverage: This coverage pays for 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 would help cover the cost of temporary housing.

Renters insurance in Fullerton does not cover everything; for instance, it typically excludes damage from natural disasters and high-value items. Here are some common exclusions:

• Natural Disasters: Events like earthquakes and floods are often not covered.
• High-Value Items: Expensive items such as jewelry or electronics may need additional coverage.

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