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

The best renters insurance company in Modesto, California, is State Farm, with a MoneyGeek score of 86 and an average annual premium of $121 for $20,000 in personal property coverage. The cheapest is Capital Insurance Group, with a MoneyGeek score of 89 and an average yearly premium of $76.

The best homeowners insurance provider balances customer service and affordability. Other providers may be best depending on your needs, such as Travelers, which excels in service quality with an annual premium of $148. MoneyGeek also reviewed the best and cheapest renters insurance in California for those who live elsewhere in the state.

The best renters insurance in Modesto is State Farm 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)
• Travelers: MoneyGeek score of 84 out of 100 ($148 per year)

State Farm balances cost and service quality, earning a high affordability score (46 out of 55) and a perfect customer satisfaction score (30 out of 30).

Capital Insurance Group offers the cheapest renters insurance in Modesto, with an annual premium of $76 for $20,000 in personal property coverage.

• Capital Insurance Group: $76 per year
• State Farm: $121 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.

Modesto 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: $59 per year
• State Farm: $119 per year

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

In Modesto, Travelers is the best renters insurance company for service quality, with an average annual premium of $148 for $20,000 in personal property coverage.

• Travelers: MoneyGeek score of 96 out of 100 ($148 per year)
• Nationwide: MoneyGeek score of 95 out of 100 ($155 per year)

Great 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 Modesto are:

• Travelers: MoneyGeek score of 90 out of 100 ($359 per year)
• State Farm: MoneyGeek score of 90 out of 100 ($321 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 Modesto, the top providers for a policy with $20,000 in personal property coverage are:

• USAA: MoneyGeek score of 100 out of 100 ($85 per year)
• State Farm: MoneyGeek score of 86 out of 100 ($121 per year)

USAA offers a range of products tailored to those with a military background, providing discounts and coverages that suit their lifestyle. It's also the cheapest option for military members in the city.

The average cost of renters insurance in Modesto is $149 annually or $12 monthly. This is slightly above the state average of $148 per year and the national average of $145 per year. These rates 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 Modesto. 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 hotel and meal 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.

Choosing the best renters insurance provider in Modesto depends on your needs. Here are answers to frequently asked questions to guide you.