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

The best and cheapest renters insurance company in Orange, California is Nationwide with a MoneyGeek score of 97 and an annual premium of $76.
Depending on your needs, other providers may be best. Travelers is the best for service quality with an annual premium of $136.
MoneyGeek also looked into the best and cheapest renters insurance in California for those who live elsewhere in the state.

The best renters insurance in Orange, California is Nationwide with a MoneyGeek score of 97 out of 100 and an annual premium of $76. For a policy with $20,000 in personal property coverage, $100,000 in personal liability, and a $1,000 deductible, the following providers are the top two best renters insurance providers in Orange:

• Nationwide: MoneyGeek score of 97 out of 100 ($76 per year)
• Travelers: MoneyGeek score of 86 out of 100 ($136 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 55 out of 55.

In Orange, California, Nationwide offers the cheapest renters insurance with an annual premium of $76 for $20,000 in personal property coverage.
The following providers are the top two cheapest providers in Orange for $20,000 in personal property coverage and a $1,000 deductible, with MoneyGeek rating the cheapest renters insurance in Orange:

• Nationwide: $76 per year
• Capital Insurance Group: $77 per year

Cheap renters insurance policies often have low personal property coverage limits. While higher personal property coverage limits can lead to higher monthly costs, they offer better protection if you have many personal belongings. Personal property coverage helps protect your belongings, such as furniture, electronics and clothing, against risks like theft or fire.

In Orange, California, 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 $60. A deductible is the amount you pay out-of-pocket before your insurance takes effect. The following providers are the top two cheapest providers in Orange for $20,000 in personal property coverage and a $2,000 deductible:

• Nationwide: $60 per year
• Capital Insurance Group: $60 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 affordable premiums and manageable out-of-pocket costs if you need to file a claim.

Travelers is the best renters insurance company for service quality in Orange, California, with an annual premium of $136. The following providers are the top two best providers in Orange, California, for a policy with $20,000 in personal property coverage:

• Travelers: MoneyGeek score of 96 out of 100 ($136 per year)
• Nationwide: MoneyGeek score of 95 out of 100 ($76 per year)

Great customer service is important for renters looking for insurance because it ensures a smooth and supportive experience, especially during claims. When you file a claim, excellent customer service means quick and helpful responses, making the process less stressful. MoneyGeek scores renters insurance providers based on customer satisfaction surveys conducted by J.D. Power, which evaluate service quality and customer experiences.

For renters in Orange, California needing high personal property coverage, Nationwide offers the best option with an annual premium of $212 for a policy with $100,000 in personal property coverage. High personal property coverage is designed to protect a substantial amount of personal belongings. For $100K in personal property coverage, the following providers are the top two best providers in Orange:

• Nationwide: MoneyGeek score of 97 out of 100 ($212 per year)
• State Farm: MoneyGeek score of 95 out of 100 ($218 per year)

Renters with a significant amount of personal belongings often require higher personal property coverage. This type of coverage safeguards items like furniture, electronics, and clothing against loss or damage. However, higher coverage usually means a higher premium.

In Orange, USAA is the top-ranked renters insurance company for those with military backgrounds. The following providers are the top two best providers in Orange for veterans for a policy with $20,000 in personal property coverage.

• USAA: MoneyGeek score of 100 out of 100 ($119 per year)
• Nationwide: MoneyGeek score of 97 out of 100 ($76 per year)

USAA offers a range of products tailored for those with a military background, offering discounts and coverages that suit the military lifestyle. USAA is also the cheapest option in Orange for military members.

The average cost of renters insurance in Orange, California is $136 annually, or $11 monthly. This is cheaper 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 personal property limits, $100,000 liability limits, and a $1,000 deductible.

Renters should remember that the average cost of renters insurance in Orange 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 prices change based on the value of your personal property.

Several factors can influence the cost of renters insurance in Orange, California. For instance, the location of your rental and the amount of coverage you select can significantly affect your premiums. Understanding these factors is essential for making informed decisions when choosing a policy. Below are key factors that impact renters insurance costs:

• Location: Areas with higher crime rates or susceptibility to natural disasters can lead to higher premiums. Insurers assess risk based on your rental's location.
• Coverage Amount: Higher coverage limits provide more protection but also increase your premiums. Choose a coverage amount that balances cost and protection.
• Deductibles: A higher deductible means you'll pay more out-of-pocket in the event of a claim but can lower your monthly premium. Consider your financial situation when selecting a deductible.
• Credit Score: Insurers often use credit scores to determine premiums. A higher credit score can result in lower insurance costs.
• Claims History: A history of frequent claims can increase your premiums. Maintaining a clean claims history can help keep costs down.

Renters insurance covers personal property, liability and additional living expenses and It protects your belongings from theft, fire, and certain natural disasters. Purchasing renters insurance is important because it provides financial protection and peace of mind. Without it, you risk significant financial loss if an unexpected event occurs.

• Personal Property Coverage: This protects your belongings from risks like fire or theft. For example, if a wildfire damages your apartment in California, this coverage helps replace your items.
• Personal Liability Coverage: This covers legal expenses if someone is injured in your rental. For instance, if a guest slips and falls in your California home, this coverage can help with medical bills and legal fees.
• Loss Of Use Coverage: This helps with additional living expenses if your rental becomes uninhabitable. If an earthquake renders your California apartment unlivable, loss of use coverage can pay for temporary housing.

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 Orange ultimately depends on your needs. Below are some frequently asked questions to help you make an informed decision.