Best and Cheapest Renters Insurance in Garden Grove, CA (2024)

The best and cheapest renters insurance company in Garden Grove, California is Nationwide, with a MoneyGeek score of 97 and an annual premium of $74. Depending on your needs, other providers may be best, like Travelers for service quality, with an annual premium of $126.

We also looked into the best and cheapest renters insurance in California for those who live elsewhere in the state.

The best renters insurance in Garden Grove, California, is Nationwide, with a MoneyGeek score of 97 out of 100 and an annual premium of $74. The following providers are the two best renters insurance providers in Garden Grove for a policy with $20,000 in personal property coverage, $100,000 in personal liability, and a $1,000 deductible:

• Nationwide: MoneyGeek score of 97 out of 100 ($74 per year)
• Travelers: MoneyGeek score of 88 out of 100 ($126 per year)

The best provider in the state balances cost and affordability. Nationwide has perfectly balanced customer satisfaction and affordability, with an affordability score of 55 out of 55.

In Garden Grove, California, Nationwide offers the cheapest renters insurance with an annual premium of $74 for $20,000 in personal property coverage. The two cheapest providers are:

• Nationwide: $74 per year
• Capital Insurance Group: $77 per year

We rated the cheapest renters insurance in Garden Grove with minimal consideration for customer service. Personal property coverage protects your belongings, such as furniture, electronics, and clothing, in case of theft, fire, or other covered events.

Cheap renters insurance policies often have low personal property coverage limits. Higher personal property coverage limits can lead to higher monthly costs but offer better protection if you have many personal belongings.

In Garden Grove, California, 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 $58. The two cheapest providers are :

• Nationwide: $58 per year
• Capital Insurance Group: $60 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 your deductible if you need to file a claim. Choosing the right deductible affects your financial preparedness and overall insurance costs.

In Garden Grove, California, Travelers is the best renters insurance company for service quality with an annual premium of $126. The two best providers in Garden Grove, California, for a policy with $20,000 in personal property coverage, for those who value great customer service without considering affordability, are:

• Travelers: MoneyGeek score of 96 out of 100 ($126 per year)
• Nationwide: MoneyGeek score of 95 out of 100 ($74 per year)

We scored renters insurance providers based on customer satisfaction from J.D. Power surveys, which measure how well companies meet customer needs and handle claims.

Great customer service is important for renters because it ensures a smooth experience when filing a claim. For example, if you need to make a claim, excellent customer service means quick responses and helpful guidance throughout the process.

Nationwide offers the best renters insurance for those in Garden Grove, California, needing high personal property coverage, with an annual premium of $205 for $100,000 in coverage. The two best providers in Garden Grove are:

• Nationwide: MoneyGeek score of 97 out of 100 ($205 per year)
• State Farm: MoneyGeek score of 92 out of 100 ($249 per year)

High personal property coverage implies a higher limit to protect valuable belongings within the rental property. Renters with a substantial amount of belongings often need higher personal property coverage, which safeguards items like furniture, electronics, and clothing against risks such as theft or damage.

Increased coverage levels typically mean higher premiums, so it's vital to find a provider that offers a balance of affordability and exceptional service, especially when owning numerous valuable items. High-value possessions such as jewelry or artwork may not be fully covered under a standard policy and could necessitate additional coverage.

In Garden Grove, USAA ranks first for renters insurance, exclusively serving those with military backgrounds. The following providers are the two best providers in Garden Grove for veterans for a policy with $20,000 in personal property coverage:

• USAA: MoneyGeek score of 100 out of 100 ($118 per year)
• Nationwide: MoneyGeek score of 97 out of 100 ($74 per year)

USAA offers a range of products tailored for those with a military background, offering discounts and coverages that suit the military lifestyle. USAA ranks first in affordability in Garden Grove for military members.

The average cost of renters insurance in Garden Grove is $134 annually, or $11 monthly. This is lower than the California average of $148 annually and the national average of $145. These rates are based on a renters insurance policy with $20,000 personal property limits, $100,000 liability limits and a $1,000 deductible.

The average cost of renters insurance in Garden Grove 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.

The cost of renters insurance in Garden Grove, 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 the event 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 primarily provides coverage for your personal belongings, but it also covers additional areas such as liability and living expenses if your rental is rendered uninhabitable. Here’s what a typical policy includes:

• Personal Property Coverage: This covers the cost to repair or replace your belongings if they're damaged or stolen. For instance, a renter in Texas may receive compensation for a stolen laptop.
• Personal Liability Coverage: This protects you financially if a guest is injured in your rental or you cause property damage. A Texas renter could use this coverage if a guest slips and falls in their apartment.
• Loss of Use Coverage: This helps with additional living expenses if your rental is unlivable due to a covered peril. A renter might rely on loss of use coverage to pay for a hotel stay after a fire.

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: Although 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 Garden Grove ultimately depends on your needs. Below, we address common questions to help you make an informed decision.