Best and Cheapest Renters Insurance in San Diego, CA (2024)

Nationwide is the best renters insurance company in San Diego, California, with a MoneyGeek score of 91 and an average annual premium of $107. Capital Insurance Group is the cheapest renters insurance provider in San Diego, California, with a MoneyGeek score of 89 and an average annual premium of $77. The best and cheapest quotes are based on $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. MoneyGeek also looked into the best and cheapest renters insurance in California for those who live elsewhere in the state.

Nationwide provides the best renters insurance in San Diego, California, with a MoneyGeek score of 91 out of 100 and an average annual premium of $107. These are the top two best renters insurance providers in San Diego 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 ($107 per year)
• Allstate: MoneyGeek score of 87 out of 100 ($92 per year)

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

In San Diego, California, Capital Insurance Group offers the cheapest renters insurance, with an average annual premium of $77 for $20,000 in personal property coverage. MoneyGeek rated the cheapest renters insurance with minimal consideration for customer service. The following providers are the top two cheapest in San Diego for $20,000 in personal property coverage and a $1,000 deductible:

• Capital Insurance Group: $77 per year
• Allstate: $92 per year

Personal property coverage helps protect your belongings, such as furniture, electronics and clothing, in case of theft, fire or other covered events. Cheap renters insurance policies often have low personal property coverage limits. Higher personal property coverage limits can lead to higher monthly costs but provide better protection if you have many belongings.

In San Diego, 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 $60. The following providers are the top two cheapest in San Diego for $20,000 in personal property coverage and a $2,000 deductible:

• Capital Insurance Group: $60 per year
• Nationwide: $85 per year

A deductible is the amount you pay out of pocket before your insurance covers the rest, 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 your deductible if you need to file a claim.

Travelers offers the best renters insurance for service quality in San Diego, California, with an average annual premium of $144. The following providers are the top two best in San Diego for a policy with $20,000 in personal property coverage, focusing on excellent customer service without considering affordability:

• Travelers: MoneyGeek score of 96 out of 100 ($144 per year)
• Nationwide: MoneyGeek score of 95 out of 100 ($107 per year)

Great 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, a company with excellent customer service will efficiently guide you through the process, ensuring you feel supported and informed. MoneyGeek scores renters insurance providers and their customer satisfaction based on J.D. Power surveys, which assess customer experiences and satisfaction levels.

For renters in San Diego, California, needing high personal property coverage, Nationwide stands out with an average annual premium of $322. For $100K in personal property coverage, the top two best providers in San Diego are:

• Nationwide: MoneyGeek score of 92 out of 100 ($322 per year)
• State Farm: MoneyGeek score of 91 out of 100 ($302 per year)

High personal property coverage ensures you're protected financially in case of significant loss or damage to your belongings. Those with extensive personal assets often require this level of coverage. However, it usually comes with a higher price tag; it's crucial to find a provider that balances cost and excellent service. Remember that high-value possessions like jewelry or artwork might not be fully covered under a standard policy and may require additional coverage.

In San Diego, USAA is the top-rated renters insurance company for those with military backgrounds, with an average annual premium of $96. These are the top two best providers for military members in San Diego for a policy with $20,000 in personal property coverage:

• USAA: MoneyGeek score of 100 out of 100 ($96 per year)
• Nationwide: MoneyGeek score of 91 out of 100 ($107 per year)

USAA offers a range of products tailored for those with a military background, offering 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 San Diego, California, is $141 annually or $12 monthly. This rate 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 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 San Diego 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.

Various factors can influence the cost of renters insurance in San Diego, California. For instance, the location of your rental and the amount of coverage you choose can significantly impact your premiums. Understanding what affects the cost of renters insurance is crucial when selecting a policy, as it allows you to find the best coverage for your budget and needs. Here are some key factors that affect renters insurance costs:

• Location: The neighborhood's crime rate and risk of natural disasters can increase premiums.
• Coverage Amount: Higher coverage limits lead to higher premiums.
• Deductible: A lower deductible means higher premiums, while a higher deductible lowers them.
• Credit Score: A good credit score can reduce your premiums.
• Claims History: A history of claims can raise your premiums.

Renters insurance primarily protects your personal belongings from damage, but it also covers personal liability and loss of use. Below is a detailed list of what renters insurance typically covers:

• Personal Property Coverage: This covers the cost of repairing or replacing your personal items if they are damaged or stolen. For example, if a fire in California damages your furniture and electronics, this coverage helps you replace them.
• Personal Liability Coverage: This protects you if someone is injured in your rental unit or if you accidentally damage someone else's property. For instance, if a guest slips and falls in your California apartment, this coverage can help pay for their medical expenses.
• Loss of Use Coverage: This helps cover additional living expenses if your rental becomes uninhabitable due to a covered event. For example, if an earthquake in California makes your apartment unlivable, loss of use coverage can help pay for temporary housing.

Renters insurance in San Diego does not cover everything, such as damage from floods and earthquakes. Below is a list of what renters insurance typically doesn't cover:

• Floods: Damage caused by flooding is not covered.
• Earthquakes: Damage resulting from earthquakes is excluded.

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