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

The best and cheapest renters insurance company in Inglewood, California, is Travelers, with a MoneyGeek score of 94 and an annual premium of $130 for $20,000 in personal property coverage.

The best homeowners insurance provider balances customer service and affordability. Depending on your needs, other providers may be best. MoneyGeek also found the best and cheapest renters insurance in California for those who live elsewhere in the state.

The best renters insurance in Inglewood is Travelers for a policy with $20,000 in personal property coverage, $100,000 in personal liability and a $1,000 deductible.

• Travelers: MoneyGeek score of 94 out of 100 ($130 per year)
• Nationwide: MoneyGeek score of 94 out of 100 ($125 per year)

Travelers balances cost and service quality, scoring highly for affordability (51 out of 55) and customer satisfaction (28 out of 30).

Travelers offers the cheapest renters insurance in Inglewood, with an annual premium of $130 for $20,000 in personal property coverage.

• Travelers: $130 per year
• Nationwide: $125 per year

Personal property coverage helps replace or repair your belongings if they're damaged, lost or stolen. Cheaper policies often have lower coverage limits, so higher limits may increase your monthly costs but provide better protection for many belongings.

Inglewood residents looking for the cheapest renters insurance with $20,000 in personal property coverage and a $2,000 deductible may consider these top providers:

• Capital Insurance Group: $80 per year
• Nationwide: $99 per year

A deductible is the amount you pay out of pocket before your insurance covers the rest. Opting for a higher deductible can lower your premium, but choosing an amount you can comfortably pay is crucial if you need to file a claim.

In Inglewood, Travelers is the best renters insurance company for service quality, with an average annual premium of $130 for $20,000 in personal property coverage.

• Travelers: MoneyGeek score of 96 out of 100 ($130 per year)
• Nationwide: MoneyGeek score of 95 out of 100 ($125 per year)

Superior customer service ensures a smooth experience, especially during claims. A high rating reflects responsive, clear communication and effective support. MoneyGeek evaluates providers based on J.D. Power surveys that assess customer satisfaction with policy offerings, pricing, billing and claims.

For $100,000 in personal property coverage, the best renters insurance providers in Inglewood are:

• Travelers: MoneyGeek score of 98 out of 100 ($314 per year)
• Nationwide: MoneyGeek score of 94 out of 100 ($388 per year)

Renters with many belongings need higher personal property coverage to financially protect items like furniture, electronics and clothing from theft, damage or loss. Higher coverage can increase premiums, so find a provider that balances cost with excellent service. High-value items like jewelry or art may need additional coverage beyond standard policies.

For renters with military backgrounds in Inglewood, the top providers for a policy with $20,000 in personal property coverage are:

• USAA: MoneyGeek score of 100 out of 100 ($163 per year)
• Travelers: MoneyGeek score of 94 out of 100 ($130 per year)

USAA offers a range of products tailored to those with a military background, providing discounts and coverages that suit their lifestyle. While other insurers might offer lower premiums, USAA's specialized benefits often make it a better choice for service members.

The average cost of renters insurance in Inglewood is $170 annually ($14 monthly), which is higher than California's average of $148 by $22 and the national average of $145 by $25. These figures are based on a policy with $20,000 personal property limits, $100,000 liability limits and a $1,000 deductible.

Costs can vary depending on the amount of personal property coverage you choose. Consider using a personal property coverage calculator to estimate your needs and find a suitable policy.

Various factors can influence the cost of renters insurance in Inglewood. Understanding them can help you find a policy that fits your budget and needs.

• Location: Crime rates and weather risks in your area can affect your premium.
• Coverage amount: Higher coverage limits increase your insurance costs.
• Deductible: A higher deductible lowers your monthly premium but means higher out-of-pocket costs in a claim.
• Claims history: A history of claims may lead to higher premiums due to increased perceived risk.
• Credit score: A better credit record can result in lower premiums.

Renters insurance covers personal property, liability and additional living expenses. It protects financially against theft, fire and other unforeseen events. Liability coverage helps in case of lawsuits for injuries or property damage.

Here's what renters insurance covers:

• Personal property coverage: Protects your belongings against risks like fire, theft and vandalism. For example, if a wildfire damages your apartment in California, your policy can help replace your items.
• Personal liability coverage: Covers expenses if someone is injured in your rental unit or if you accidentally damage someone else's property. For example, if a guest slips and falls in your California apartment, this coverage can help with legal and medical expenses.
• Loss of use coverage: Pays for additional living expenses if your rental becomes uninhabitable due to a covered loss. For example, if an earthquake renders your California apartment unlivable, loss of use coverage can cover temporary housing and related costs.

While renters insurance provides a financial safety net, it doesn't cover every situation:

• Natural disasters: Standard policies typically exclude damage from floods.
• Roommate's belongings: Personal property coverage usually doesn't extend to a roommate's possessions unless they're listed on the policy.
• High-value items: Expensive items like jewelry or electronics may require additional coverage if their value exceeds the policy limit.
• Business equipment: Property used for business purposes is generally not covered under standard renters insurance.
• Pest damage: Damage from pests like bed bugs or rodents is usually not covered.
• Car theft: While personal property stolen from your car may be covered, the theft of the vehicle itself is not.

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