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

State Farm is the best renters insurance company in Lancaster, California, with a MoneyGeek score of 92 and an average annual premium of $125. Capital Insurance Group is the cheapest renters insurance provider in Lancaster, with a MoneyGeek score of 89 and an annual premium of around $100. 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. Travelers leads for service quality, with an annual premium of $152. MoneyGeek also looked into the best and cheapest renters insurance in California for those who live elsewhere in the state.

State Farm is the best renters insurance provider in Lancaster, California, with a MoneyGeek score of 92 out of 100 and an average annual premium of $125. The following companies provide the best renters insurance in Lancaster for policies with $20,000 in personal property coverage, $100,000 in personal liability coverage and a $1,000 deductible:

• State Farm: MoneyGeek score of 92 out of 100 ($125 per year)
• Travelers: MoneyGeek score of 91 out of 100 ($152 per year)

State Farm has achieved a balance of cost and quality service, earning a perfect customer satisfaction score and an affordability score of 52 out of 55.

In Lancaster, California, Capital Insurance Group offers the cheapest renters insurance at an average annual premium of $100 for $20,000 in personal property coverage with a $1,000 deductible.

• Capital Insurance Group: $100 per year
• State Farm: $125 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 Lancaster, 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 $78. These are the top two cheapest providers in Lancaster for $20,000 in personal property coverage and a $2,000 deductible:

• Capital Insurance Group: $78 per year
• Nationwide: $119 per year

A deductible is the amount you pay out of pocket before your insurance covers a claim, 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. Renters should consider their financial situation and potential risks when choosing the right deductible and premium balance.

In Lancaster, California, Travelers is the best renters insurance company for service quality, with an average annual premium of $152. These are the top two best providers in Lancaster, California, for a policy with $20,000 in personal property coverage for those who value great customer service without considering affordability:

• Travelers: MoneyGeek score of 96 out of 100 ($152 per year)
• Nationwide: MoneyGeek score of 95 out of 100 ($151 per year)

Great customer service is important for renters because it ensures a smooth experience when making a claim. Prompt and helpful customer service can make the process hassle-free and quick if you need to file a claim. MoneyGeek scores renters insurance providers based on J.D. Power surveys, which measure customer satisfaction with insurance companies.

Travelers offers the best renters insurance for those needing high personal property coverage in Lancaster, California, with an average annual premium of $378 for $100,000 in coverage. For $100K in personal property coverage, these are the top two best providers in Lancaster:

• Travelers: MoneyGeek score of 95 out of 100 ($378 per year)
• State Farm: MoneyGeek score of 94 out of 100 ($331 per year)

Renters with a significant number of belongings often require higher personal property coverage. This coverage protects items such as furniture, electronics and clothing against losses like theft or damage.

As coverage limits increase, so does the cost of the policy. It's important to find a provider that can deliver affordability and excellent service to ensure you're well-protected without overpaying. Remember that high-value items like jewelry or art may need additional coverage beyond a standard renters insurance policy.

USAA is the top-ranked renters insurance company for military members in Lancaster. Its average annual premium is $213. USAA is exclusively for those with military backgrounds. These are the top two best providers in Lancaster for military members:

• USAA: MoneyGeek score of 100 out of 100 ($213 per year)
• State Farm: MoneyGeek score of 92 out of 100 ($125 per year)

USAA offers various 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 Lancaster, California, is $171 annually or $14 monthly. This rate is higher 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.

Renters should note that the average cost of renters insurance in Lancaster 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.

The cost of renters insurance in Lancaster, 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 case 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 provides coverage for personal property, liability and additional living expenses. It protects you from unexpected events like theft, fire or water damage. Purchasing renters insurance is important because it offers financial protection in case of unforeseen incidents. Below are the key coverages included in renters insurance:

• Personal Property Coverage: This covers your belongings in case of theft, fire or other damages. For example, if a wildfire damages your apartment in California, your furniture and electronics would be covered.
• Personal Liability Coverage: This covers legal expenses if someone is injured in your rental unit. For instance, if a guest slips and falls in your California apartment, your legal fees and medical expenses would be covered.
• Loss of Use Coverage: This covers additional living expenses if your rental becomes uninhabitable. For example, if an earthquake renders your California apartment unlivable, loss of use would cover hotel stays and meals.

Renters insurance in Lancaster does not cover everything, such as natural disasters and high-value personal items. Here are some common exclusions you should be aware of:

• Natural Disasters: Events like earthquakes and floods are typically not covered.
• High-Value Personal Items: Expensive jewelry or electronics may not be fully covered.
• Pest Infestations: Damage caused by pests like rodents or insects is usually excluded.
• Roommate Belongings: Items your roommates own are not covered under your policy.
• Business Equipment: Equipment used for business is often excluded.

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