Best and Cheapest Renters Insurance in Long Beach, CA (2024)

State Farm is the best renters insurance company in Long Beach, California, with a MoneyGeek score of 86 and an average annual premium of $121. Capital Insurance Group is the cheapest renters insurance provider in Long Beach, with a MoneyGeek score of 89 and an annual premium of around $82. The best and cheapest quotes were derived using $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 example, Travelers is the best for service quality, with an average annual premium of $137. 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 Long Beach, California, with a MoneyGeek score of 86 out of 100 and an average annual premium of $121. These are the top two best renters insurance providers in Long Beach for a policy with $20,000 in personal property coverage, $100,000 in personal liability and a $1,000 deductible:

• State Farm: MoneyGeek score of 86 out of 100 ($121 per year)
• Nationwide: MoneyGeek score of 86 out of 100 ($130 per year)

State Farm balances customer satisfaction and affordability well, with an affordability score of 46 out of 55 and a customer satisfaction score of 29 out of 30.

Capital Insurance Group offers the cheapest renters insurance in Long Beach, California, with an average annual premium of $82 for $20,000 in personal property coverage. MoneyGeek rated the cheapest renters insurance in Long Beach with minimal consideration for customer service. These are the top two cheapest providers in Long Beach for $20,000 in personal property coverage and a $1,000 deductible:

• Capital Insurance Group: $82 per year
• Allstate: $114 per year

Personal property coverage helps protect your belongings against loss or damage. Cheap renters insurance policies often have low personal property coverage limits. While higher personal property coverage limits can lead to higher monthly costs, they provide better protection if you own many belongings.

In Long Beach, California, Capital Insurance Group offers the cheapest renters insurance, with an average annual premium of $64 for a policy with $20,000 in personal property coverage and a $2,000 deductible. These are the top two cheapest providers in Long Beach for the same coverage and deductible:

• Capital Insurance Group: $64 per year
• Nationwide: $102 per year

A deductible is the amount you pay out of pocket before your insurance coverage kicks in, and it can affect your rates. Higher deductibles often lead to cheaper premiums, while lower deductibles mean higher premiums. It’s important to balance both because a higher deductible can save you money on premiums, but a lower deductible might be better if you need to file a claim.

In Long Beach, California, Travelers is the best renters insurance company for service quality, with an average annual premium of $137. These are the top two best providers in Long Beach, California, for a policy with $20,000 in personal property coverage for those who value excellent customer service without considering affordability:

• Travelers: MoneyGeek score of 96 out of 100 ($137 per year)
• Nationwide: MoneyGeek score of 95 out of 100 ($130 per year)

GExcellentcustomer service is important for renters looking for insurance because it ensures a smooth and supportive experience during claims. For example, when you make a claim, excellent customer service means you receive timely updates and assistance, reducing stress and ensuring a quick resolution. MoneyGeek scores renters insurance providers based on customer satisfaction using J.D. Power surveys, which measure how well companies meet customer expectations in the context of renters insurance.

For renters in Long Beach, California, requiring substantial personal property coverage, State Farm stands out with an average annual premium of $247 for a policy with $100,000 in coverage. For $100K in personal property coverage, these are the top two best providers in Long Beach:

• State Farm: MoneyGeek score of 95 out of 100 ($247 per year)
• Travelers: MoneyGeek score of 91 out of 100 ($330 per year)

Renters with an extensive number of belongings often need higher personal property coverage, which protects items like furniture, electronics and clothing from risks such as theft or fire. However, higher coverage levels typically come with higher premiums. It's vital to select a provider that offers reasonable costs and excellent service, ensuring value for money when safeguarding numerous possessions. Be mindful that high-value items like jewelry or artwork may exceed standard coverage limits and could necessitate additional protection.

In Long Beach, USAA is the top-ranked renters insurance company for those with military backgrounds, with an average annual premium of $143. USAA is exclusively available to military members and their families in Long Beach. These are the top two best providers for military members in Long Beach for military, for a policy with $20,000 in personal property coverage:

• USAA: MoneyGeek score of 100 out of 100 ($143 per year)
• State Farm: MoneyGeek score of 86 out of 100 ($121 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 Long Beach, California, is $145 annually or $12 monthly. This rate is $3 cheaper than the California state average of $148 and matches 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 remember that the average cost of renters insurance in Long Beach may vary greatly depending on the amount of personal property coverage you purchase. Personal property coverage protects your belongings in case of theft, damage or loss. Use the calculator below to see how much coverage you need based on the value of your personal property.

Various factors influence the cost of renters insurance in Long Beach, California. For instance, the location of your rental and the amount of coverage you choose can significantly affect your premium. Understanding these factors is essential when shopping for a policy, as it helps you make informed decisions and avoid unnecessary expenses. Here are some key factors that can impact renters insurance costs:

• Location: Areas with higher crime rates or susceptibility to natural disasters tend to have higher premiums.
• Coverage Amount: Higher coverage limits will result in higher premiums.
• Deductible: Choosing a higher deductible can lower your premium, but you'll pay more out of pocket in case of a claim.
• Credit Score: Insurers may use your credit score to determine your premium; better scores often lead to lower rates.
• Claims History: A history of frequent claims can increase your insurance costs.

Renters insurance provides coverage for personal belongings, liability protection and additional living expenses. It is important to purchase renters insurance to protect against financial loss from theft, fire or other covered events. Here's a breakdown of what renters insurance typically covers:

• Personal Property Coverage: This coverage reimburses you for the loss or damage of your personal belongings. For instance, if a fire damages your apartment in California, this coverage can help replace your items.
• Personal Liability Coverage: This coverage protects you if someone gets injured in your rental and you are held responsible. For example, if a guest slips and falls in your California apartment, personal liability coverage can help cover their medical expenses.
• Loss of Use Coverage: This coverage helps with additional living expenses if your rental becomes uninhabitable. For example, if your California apartment is damaged by a flood and you need temporary housing, loss of use coverage can assist with those costs.

Renters insurance in Long Beach does not cover everything, such as damages from natural disasters and high-value items without additional coverage. Here are some specific exclusions to be aware of:

• Natural Disasters: Damages due to earthquakes and floods are typically not covered.
• High-Value Items: Expensive items like jewelry or electronics often require additional coverage.
• Pest Infestations: Damages caused by pests like bed bugs or rodents are usually excluded.
• Roommate's Belongings: Items owned by roommates are not covered under your policy.
• Vehicle Theft: Personal items stolen from your car are generally not covered.

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