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

Travelers is the best renters insurance company in Pasadena, California, with a MoneyGeek score of 92 and an average annual premium of $121. Capital Insurance Group is the cheapest renters insurance provider in Pasadena, with a MoneyGeek score of 89 and an average annual premium of $71. The best and cheapest quotes are based on $20,000 in personal property coverage.

The best homeowners insurance provider should offer a balance of customer service with affordability. Depending on your needs, other providers may be best. MoneyGeek also looked into the best and cheapest renters insurance in California for those who live elsewhere in the state.

Travelers is the best renters insurance provider in Pasadena, California, with a MoneyGeek score of 92 out of 100 and an average annual premium of $121. The following are the top two best renters insurance providers in Pasadena for a policy with $20,000 in personal property coverage, $100,000 in personal liability and a $1,000 deductible.

• Travelers: MoneyGeek score of 92 out of 100 ($121 per year)
• Nationwide: MoneyGeek score of 90 out of 100 ($125 per year)

Travelers effectively balances cost and affordability, with an affordability score of 49 out of 55 and a customer satisfaction score of 28 out of 30.

In Pasadena, California, Capital Insurance Group offers the cheapest renters insurance, with an average annual premium of $71 for $20,000 in personal property coverage. The following providers are the top two cheapest in Pasadena for $20,000 in personal property coverage and a $1,000 deductible, with MoneyGeek rating the cheapest renters insurance with minimal consideration for customer service.

• Capital Insurance Group: $71 per year
• State Farm: $121 per year

Personal property coverage helps protect your belongings from theft, damage or loss. Cheap renters insurance policies often have low personal property coverage limits. Higher personal property coverage limits can lead to higher monthly costs but offer better protection if you have many personal belongings.

In Pasadena, California, Capital Insurance Group offers the cheapest renters insurance for a policy with $20,000 in personal property coverage and a $2,000 deductible at an average annual premium of $55. The following providers are the top two cheapest in Pasadena for $20,000 in personal property coverage and a $2,000 deductible:

• Capital Insurance Group: $55 per year
• Travelers: $98 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. Renters should consider their financial situation and risk tolerance when choosing a deductible.

In Pasadena, California, Travelers is the best renters insurance company for service quality, with an average annual premium of $121. These are the top two best providers in Pasadena, 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 ($121 per year)
• Nationwide: MoneyGeek score of 95 out of 100 ($125 per year)

Excellent customer service is important for renters looking for insurance because it ensures a smooth and supportive insurance experience. For example, when you make a claim, excellent customer service means prompt responses and efficient handling of your situation. MoneyGeek scores renters insurance providers based on J.D. Power surveys, which measure customer satisfaction in the context of renters insurance.

For renters in Pasadena, California, needing substantial personal property coverage, Travelers stands out with an average annual premium of $290 for $100,000 in coverage. In Pasadena, the top two providers for $100K in personal property coverage are:

• Travelers: MoneyGeek score of 96 out of 100 ($290 per year)
• State Farm: MoneyGeek score of 94 out of 100 ($247 per year)

Renters with a significant number of belongings often require higher personal property coverage. This type of coverage protects against the loss of personal items within the rental property.

While higher coverage levels typically incur higher costs, it's important to find a provider that offers a good balance of affordability and excellent service. Be aware that high-value items like jewelry or art may not be covered under standard policies and could necessitate additional coverage.

USAA is the top-ranked renters insurance company in Pasadena, exclusively serving those with military backgrounds. These are the top two best providers for military members in Pasadena for a policy with $20,000 in personal property coverage:

• USAA: MoneyGeek score of 100 out of 100 ($163 per year)
• Travelers: MoneyGeek score of 92 out of 100 ($121 per year)

USAA offers a range of products tailored for those with a military background, 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 Pasadena, California, is $158 annually or $13 monthly. This rate is higher than the California state average of $148 annually and the national average of $145 annually. 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 note that the average cost of renters insurance in Pasadena 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 can influence the cost of renters insurance in Pasadena, California. For instance, living in a high-crime area can increase premiums, while choosing higher coverage amounts typically raises costs. Understanding these factors helps you make informed decisions when selecting your policy. Below are key factors that can impact renters insurance costs:

• Location: Areas with higher crime rates can lead to increased premiums due to the higher risk of theft or vandalism.
• Coverage Amount: Opting for more extensive coverage will generally result in higher insurance costs.
• Deductibles: Higher deductibles can lower your monthly premiums, but you'll pay more out of pocket in case of a claim.
• Credit Score: A better credit score can often result in lower insurance rates as it indicates financial responsibility.
• Claims History: Frequent claims can lead to higher premiums because insurers may see you as a higher risk.

Renters insurance provides coverage for personal property, liability and additional living expenses. It protects your belongings against theft, fire and other covered events. Purchasing renters insurance is important because it safeguards you from unexpected losses and liabilities, offering financial protection. Here’s what renters insurance typically covers:

• Personal Property Coverage: This coverage protects your belongings from theft, fire and other perils. For example, if a wildfire damages your apartment in California, your insurance can help replace your furniture and electronics.
• Personal Liability Coverage: This coverage helps if you're legally responsible for someone else's injury or property damage. For instance, if a guest slips and falls in your California rental, your insurance can cover their medical expenses.
• Loss of Use Coverage: This covers additional living expenses if your rental becomes uninhabitable. For example, if an earthquake renders your California apartment unlivable, loss of use coverage can cover hotel costs and meals.

Renters insurance in Pasadena does not cover everything, often excluding natural disasters and high-value items. Here's a list of what renters insurance typically doesn't cover:

• Natural Disasters: Earthquakes, floods and other natural disasters are usually not covered.
• High-Value Items: Jewelry, electronics and other high-value items may have coverage limits.

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