Best and Cheapest Renters Insurance in Santa Ana, CA (2024)

Nationwide is the best renters insurance company in Santa Ana, California, with a MoneyGeek score of 95 and an average annual premium of $85. Capital Insurance Group is the cheapest renters insurance provider, 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 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.

Nationwide is the best renters insurance provider in Santa Ana, California, with a MoneyGeek score of 95 out of 100 and an average annual premium of $85. These are the top two best renters insurance providers in Santa Ana for a policy with $20,000 in personal property coverage, $100,000 in personal liability and a $1,000 deductible:

• Nationwide: MoneyGeek score of 95 out of 100 ($85 per year)
• Travelers: MoneyGeek score of 87 out of 100 ($131 per year)

Nationwide perfectly balances customer satisfaction and affordability, with an affordability score of 53 out of 55 and a customer satisfaction score of 28 out of 30.

In Santa Ana, California, Capital Insurance Group offers the cheapest renters insurance, with an average annual premium of $77 for $20,000 in personal property coverage. The following providers are the top two cheapest in Santa Ana 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: $77 per year
• Nationwide: $85 per year

Personal property coverage helps protect your belongings, such as furniture, electronics and clothing, in case of theft or damage. Cheap renters insurance policies often come with lower personal property coverage limits. While these policies are more affordable, opting for higher coverage limits can increase your monthly costs but provide better protection if you have many personal belongings.

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

• Capital Insurance Group: $60 per year
• Nationwide: $67 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 Santa Ana, California, Travelers is the best renters insurance company for service quality, with an average annual premium of $131. These are the top two best providers in Santa Ana, 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 ($131 per year)
• Nationwide: MoneyGeek score of 95 out of 100 ($85 per year)

Excellent customer service is important for renters because it ensures a smooth insurance experience. For example, when you make a claim, excellent customer service means you'll get timely updates and clear communication, making the process less stressful. MoneyGeek scores renters insurance providers and their customer satisfaction based on J.D. Power surveys, which assess customer experiences and satisfaction levels.

Nationwide offers the best option for renters in Santa Ana, California, requiring substantial personal property coverage. It has an average annual premium of $244 for a policy covering $100,000 in personal property. These are the top two best providers in Santa Ana for $100K in personal property coverage:

• Nationwide: MoneyGeek score of 96 out of 100 ($244 per year)
• State Farm: MoneyGeek score of 94 out of 100 ($260 per year)

Renters with numerous possessions often need more comprehensive personal property coverage. This insurance protects items like furniture, electronics and clothing from damage or theft. Higher coverage levels usually mean higher premiums, but it's essential to choose a provider that offers a good balance of cost and service. Notably, high-value items such as jewelry or art may require additional coverage, as standard policies often have limits on such items.

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

• USAA: MoneyGeek score of 100 out of 100 ($117 per year)
• Nationwide: MoneyGeek score of 95 out of 100 ($85 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 Santa Ana, California, is $136 annually or $11 monthly. This rate is $12 cheaper than the California state average of $148 annually and $9 cheaper than 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 remember that the average cost of renters insurance in Santa Ana 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 Santa Ana, 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 case of a claim.
• 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 provides coverage for personal property, liability and additional living expenses. It protects against theft, fire and certain natural disasters. Purchasing renters insurance is important for financial protection. Renters can avoid significant out-of-pocket expenses in case of unexpected events. Below is a detailed list of what renters insurance typically covers:

• Personal Property Coverage: Protects your belongings from theft or damage. For example, if your laptop is stolen from your apartment in California, this coverage would help replace it.
• Personal Liability Coverage: Covers legal expenses if someone is injured in your rental property. For instance, if a guest slips and falls in your California apartment and sues, this coverage can help with legal fees.
• Loss of Use Coverage: Provides funds for temporary housing if your rental becomes uninhabitable. For example, if a fire damages your California apartment, loss of use coverage would cover the cost of a hotel stay.

Renters insurance in Santa Ana does not cover everything, such as high-value items beyond a certain limit and damages from natural disasters. Below is a list of what renters insurance typically does not cover:

• Natural Disasters: Earthquakes and floods usually require separate policies.
• High-Value Items: Jewelry, electronics and other expensive items may need additional coverage.

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