Best and Cheapest Renters Insurance in Mesa, AZ (Sept 2024)

The best renters insurance company in Mesa, Arizona is Nationwide, with a MoneyGeek score of 89 and an annual premium of $137. The cheapest renters insurance provider in Mesa, Arizona is Auto-Owners, with a MoneyGeek score of 94 and an annual premium of $119. The best homeowners insurance provider should offer a balance of customer service with affordability.

Depending on your needs, Travelers is best for service quality with an annual premium of $226.
MoneyGeek also looked into the best and cheapest renters insurance in Arizona for those who live elsewhere in the state.

The best renters insurance in Mesa, Arizona, is Nationwide with a MoneyGeek score of 89 out of 100 and an annual premium of $137. The following providers are the top two best renters insurance providers in Mesa for a policy with $20,000 in personal property coverage, $100,000 in personal liability, and a $1,000 deductible.

• Nationwide: MoneyGeek score of 89 out of 100 ($137 per year)
• American Family: MoneyGeek score of 88 out of 100 ($145 per year)

The best provider in the state balances both cost and affordability. Nationwide has perfectly balanced customer satisfaction and affordability with an affordability score of 52 out of 55.

In Mesa, Arizona, Auto-Owners offers the cheapest renters insurance with an annual premium of $119 for $20,000 in personal property coverage. ]The following providers are the top two cheapest in Mesa for $20,000 in personal property coverage and a $1,000 deductible, with MoneyGeek rating the cheapest renters insurance in Mesa with minimal consideration for customer service

• Auto-Owners: $119 per year
• Allstate: $119 per year

Cheap renters insurance policies often have lower personal property coverage limits. While higher coverage limits can increase monthly costs, they offer better protection if you have many personal belongings.

In Mesa, Arizona, 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 $116. A deductible is the amount you pay out of pocket before your insurance coverage starts, and it can affect your rates. The following providers are the top two cheapest providers in Mesa for $20,000 in personal property coverage and a $2,000 deductible:

• Nationwide: $116 per year
• Auto-Owners: $116 per year

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. This balance helps you manage your overall costs effectively.

In Mesa, Arizona, Travelers stands out as the best renters insurance company for service quality, with an annual premium of $226. The following providers are the top two best providers in Mesa, Arizona, for a policy with $20,000 in personal property coverage, for those who value great customer service without considering affordability.

• Travelers: MoneyGeek score of 85 out of 100 ($226 per year)
• Nationwide: MoneyGeek score of 84 out of 100 ($137 per year)

Great customer service is important for renters looking for insurance because it ensures you get the help you need when you need it. For example, when you make a claim, a company with excellent customer service will guide you through the process smoothly and efficiently.

For renters in Mesa, Arizona needing high personal property coverage, American Family offers an annual premium of $213 for a policy with $100,000 in personal property coverage. High personal property coverage ensures that renters have adequate protection for their belongings in case of damage or theft. For $100K in personal property coverage, the top two best providers in Mesa are:

• American Family: MoneyGeek score of 92 out of 100 ($213 per year)
• Nationwide: MoneyGeek score of 90 out of 100 ($272 per year)

Renters with a significant amount of personal belongings often require higher coverage limits. Personal property coverage safeguards items like furniture, electronics, and clothing. While higher coverage levels typically come with increased premiums, it's essential to find an insurer that offers a good balance of affordability and quality service.

In Mesa, USAA is the top-ranked renters insurance company for those with military backgrounds, boasting the highest MoneyGeek score of 100. USAA is exclusively available for military members and their families. The following providers are the top two best providers in Mesa for veterans for a policy with $20,000 in personal property coverage.

• USAA: MoneyGeek score of 100 out of 100 ($98 per year)
• Nationwide: MoneyGeek score of 89 out of 100 ($137 per year)

USAA offers a range of products tailored for those with a military background, including discounts and coverages that suit the military lifestyle. It is also the most affordable option in Mesa for military members.

Nationwide offers the best renters insurance for individuals with poor credit in Mesa, with an annual premium of $217 for a policy that includes $20,000 in personal property coverage. The following providers are the top two best providers in Mesa for those with poor credit for the same type of policy:

• Nationwide: MoneyGeek score of 92 out of 100 ($217 per year)
• American Family: MoneyGeek score of 91 out of 100 ($254 per year)

Rates in Mesa for renters with poor credit are typically higher because these individuals are viewed as higher-risk to providers. However, by taking steps to improve their credit and seeking available discounts, renters can work towards more favorable rates.

The average cost of renters insurance in Mesa, Arizona is $185 annually, which is about $15 per month. This is $10 cheaper than the state average of $195 annually but $40 more expensive than the national average of $145 annually. These rates are based on a renters insurance policy with $20,000 personal property limits, $100,000 liability limits, and a $1,000 deductible.

Renters should remember that the average cost of renters insurance in Mesa 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.

Various factors influence the cost of renters insurance in Mesa, Arizona. For example, the location's crime rate and natural disaster risks can significantly impact premiums. Additionally, the amount of coverage you choose also affects the cost. Knowing these factors is essential when selecting a renters insurance policy to ensure you get the best coverage at a reasonable price. Here are some key factors that affect renters insurance costs:

• Location: Areas with higher crime rates or natural disaster risks typically have higher insurance premiums. Insurers charge more to cover the increased risk of theft or damage.
• Coverage Amount: Higher coverage limits generally result in higher premiums. More coverage means the insurer is taking on more risk.
• Deductible: A higher deductible can lower your monthly premiums. However, this means you'll pay more out-of-pocket in the event of a claim.
• Credit Score: Insurers may use your credit score to determine your premium. A higher credit score often results in lower insurance costs.
• Claims History: A history of frequent claims can lead to higher premiums. Insurers view frequent claims as a higher risk, which they compensate for with higher costs.

Renters insurance covers personal belongings, liability protection, and additional living expenses. It protects against theft, fire, and other perils. Purchasing renters insurance is important because it safeguards your property and mitigates financial risks. Let's break down what renters insurance covers:

• Personal Property Coverage: This covers your belongings in case of theft, fire, or other perils. For example, if your apartment in Arizona is burglarized, your renters insurance can help replace stolen items.
• Personal Liability Coverage: This protects you if someone is injured in your rental or if you accidentally damage someone else's property. For instance, if a guest slips and falls in your Arizona apartment, this coverage can help with medical expenses and legal fees.
• Loss Of Use Coverage: This helps with additional living expenses if your rental becomes uninhabitable due to a covered event. If a fire makes your Arizona apartment unlivable, loss of use coverage can pay for hotel stays and other extra costs.

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: While 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 Mesa depends on your unique needs and circumstances. Below, we address some frequently asked questions to help you make an informed decision.