Best and Cheapest Renters Insurance in Oxnard, CA (June 2024)

Nationwide is the best renters insurance company in Oxnard, California, with a MoneyGeek score of 91 and an average annual premium of $98. Capital Insurance Group is the cheapest provider, with a MoneyGeek score of 89 and an annual premium of around $67. 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 instance, Travelers excels in service quality and has an average annual premium of $118. MoneyGeek also looked into the best and cheapest renters insurance in California for those who live elsewhere in the state.

Nationwide is the best renters insurance provider in Oxnard, California, with a MoneyGeek score of 91 out of 100 and an average annual premium of $98. These are the top two best renters insurance providers in Oxnard for a policy with $20,000 in personal property coverage, $100,000 in personal liability and a $1,000 deductible:

• Nationwide: MoneyGeek score of 91 out of 100 ($98 per year)
• Travelers: MoneyGeek score of 88 out of 100 ($118 per year)

Nationwide has perfectly balanced customer satisfaction and affordability, with an affordability score of 49 out of 55.

In Oxnard, California, Capital Insurance Group offers the cheapest renters insurance, with an average annual premium of $67 for $20,000 in personal property coverage. These are the top two cheapest providers in Oxnard for $20,000 in personal property coverage and a $1,000 deductible, with MoneyGeek's rating having minimal consideration for customer service:

• Capital Insurance Group: $67 per year
• Allstate: $93 per year

Personal property coverage protects your belongings from damage or theft. Cheap renters insurance policies often have low personal property coverage limits. While higher coverage limits can increase your monthly costs, they offer better protection if you have many personal belongings.

In Oxnard, California, Capital Insurance Group offers the cheapest renters insurance for a policy with $20,000 in personal property coverage and a $2,000 deductible, with an average annual premium of $52. These are the top two cheapest providers in Oxnard for the same coverage and deductible:

• Capital Insurance Group: $52 per year
• Nationwide: $78 per year

A deductible is the amount you pay out of pocket before your insurance kicks in, 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 the deductible if you need to file a claim. This balance helps you manage costs and provides the necessary coverage when needed.

In Oxnard, California, Travelers is the best renters insurance company for service quality, with an average annual premium of $118. These are the top two best providers in Oxnard, 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 ($118 per year)
• Nationwide: MoneyGeek score of 95 out of 100 ($98 per year)

GExcellentcustomer service is important for renters because it ensures a smooth experience when filing a claim. For example, when you make a claim, a responsive and helpful service can make the process less stressful and quicker, ensuring you promptly get the support you need. MoneyGeek scores renters insurance providers and their customer satisfaction based on J.D. Power surveys, which measure how well companies meet renters' needs.

State Farm offers the best value for renters in Oxnard, California, needing high personal property coverage, with an average annual premium of $236 for $100,000 in coverage. For $100,000 in personal property coverage, these are the top two best providers in Oxnard:

• State Farm: MoneyGeek score of 93 out of 100 ($236 per year)
• Travelers: MoneyGeek score of 93 out of 100 ($287 per year)

Renters with numerous belongings often require higher personal property coverage, which protects items like furniture, electronics and clothing from loss or damage. This coverage is essential for renters with a substantial amount of personal belongings.

While more coverage typically means a higher premium, it's important to find a provider that offers both affordability and excellent service. High-value items, such as jewelry or art, may not be covered under a standard policy and might necessitate additional coverage to ensure full protection.

USAA is the top renters insurance company for those with military backgrounds in Oxnard, with an average annual premium of $147. These are the top two best providers in Oxnard for military members:

• USAA: MoneyGeek score of 100 out of 100 ($147 per year)
• Nationwide: MoneyGeek score of 91 out of 100 ($98 per year)

USAA offers various products tailored to those with military backgrounds, 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 Oxnard, California, is $130 annually or $11 monthly. This rate is $18 cheaper annually than the California state average of $148 and $15 cheaper than 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 Oxnard 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 Oxnard, 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 the event ofcase
• 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 covers personal property, liability and additional living expenses. It protects against theft, fire and certain natural disasters. Purchasing renters insurance is important because it provides financial protection and helps avoid significant out-of-pocket expenses in case of unexpected events. Here’s a breakdown of what renters insurance typically covers:

• Personal Property Coverage: This protects your belongings against damage or theft. For example, a California renter whose apartment is burglarized would have their stolen items replaced.
• Personal Liability Coverage: This covers legal and medical expenses if someone is injured in your rental property. For instance, if a guest slips and falls in your California apartment, this coverage would handle the medical bills.
• Loss of Use Coverage: This covers additional living expenses if your rental becomes uninhabitable. For example, if a fire damages your California apartment, loss of use coverage would pay for temporary housing.

Renters insurance in Oxnard does not cover everything, including flood and earthquake damage. Here are some specific exclusions to be aware of:

• Flood Damage: Renters insurance does not cover damage caused by flooding.
• Earthquake Damage: Damage from earthquakes is typically not covered by renters insurance.

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