Best and Cheapest Renters Insurance in Surprise, AZ (2024)

Auto-Owners Insurance is both the best and cheapest renters insurance company in Surprise, Arizona, with a MoneyGeek score of 88 and an annual premium of $119 for $20,000 in personal property coverage. Depending on your needs, other providers may be best, such as Travelers for service quality, with an annual premium of $225.

We also looked into the best and cheapest renters insurance in Arizona for those who live elsewhere in the state.

The following companies provide the best renters insurance in Surprise, Arizona, for policies with $20,000 in personal property coverage, $100,000 in personal liability coverage and a $1,000 deductible:

• Auto-Owners: MoneyGeek score of 88 out of 100 ($119 per year)
• Nationwide: MoneyGeek score of 88 out of 100 ($146 per year)

The best providers offer a balance of cost and quality service. Auto-Owners has achieved this balance, earning a perfect affordability score and a customer satisfaction score of 20 out of 30.

In Surprise, Arizona, Auto-Owners offers the cheapest renters insurance with an annual premium of $119 for $20,000 in personal property coverage. Personal property coverage protects your belongings against damage or theft.

The two cheapest providers in Surprise for $20,000 in personal property coverage and a $1,000 deductible are:

• Auto-Owners Insurance: $119 per year
• Allstate: $119 per year

We rated the cheapest renters insurance in Surprise with minimal consideration for customer service. 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 own many personal belongings.

In Surprise, Arizona, Auto-Owners 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 $116. The two cheapest providers in Surprise for are:

• Auto-Owners: $116 per year
• Allstate: $119 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. Balance both to ensure you're not overpaying for your policy while being prepared for potential claims.

In Surprise, Arizona, Travelers is the best renters insurance company for service quality, with an annual premium of $225. MoneyGeek scores renters insurance providers based on J.D. Power surveys, which assess customer satisfaction and service quality.

The following providers are the two best in Surprise, Arizona, for a policy with $20,000 in personal property coverage, for those who value great customer service without considering affordability:

• Travelers: MoneyGeek score of 85 out of 100 ($225 per year)
• Nationwide: MoneyGeek score of 84 out of 100 ($146 per year)

Great customer service is important for renters looking for insurance because it ensures timely and efficient handling of claims. For example, when you make a claim, great customer service means you get quick responses and your claim is processed smoothly.

In Surprise, Arizona, American Family offers the best renters insurance for high personal property coverage, with an annual premium of $238 for a policy with $100,000 in personal property coverage. The two best providers in Surprise are:

• American Family: MoneyGeek score of 92 out of 100 ($238 per year)
• Nationwide: MoneyGeek score of 90 out of 100 ($290 per year)

High personal property coverage means having a policy that covers a substantial amount of personal belongings in case of damage or loss. Renters who own many belongings often need higher personal property coverage, which protects against the financial loss of their items due to events like theft or fire.

While higher coverage levels typically come at a higher cost, it's important to find a provider that offers a good balance of affordability and excellent service. High-value items such as jewelry or art may not be fully covered under a standard policy and might require additional coverage.

USAA is the top-rated renters insurance company for those with military backgrounds in Surprise, Arizona, with an annual premium of $110. The two best providers in Surprise for veterans for a policy with $20,000 in personal property coverage are:

• USAA: MoneyGeek score of 100 out of 100 ($110 per year)
• Auto-Owners: MoneyGeek score of 88 out of 100 ($119 per year)

USAA offers a range of products tailored for those with a military background, providing discounts and coverages that suit the military lifestyle. USAA is also the most affordable option in Surprise for military members, making it a compelling choice.

Nationwide offers the best renters insurance for individuals with poor credit in Surprise, with an annual premium of $231 for a policy with $20,000 in personal property coverage. The two best providers in Surprise for those with poor credit for the same type of policy are:

• Nationwide: MoneyGeek score of 91 out of 100 ($231 per year)
• American Family: MoneyGeek score of 91 out of 100 ($278 per year)

Rates in Surprise for those with poor credit are typically higher because such individuals are considered a higher risk to providers. This is because poor credit can indicate a history of late payments or financial instability, which may translate to a higher likelihood of claims. But by taking steps to improve credit and seeking available discounts, renters can work toward more favorable rates.

The average cost of renters insurance in Surprise, Arizona, is $188 annually, or $16 monthly. This is slightly lower than the Arizona state average of $195 annually. Compared with the national average of $145 annually, Surprise's average is higher. These rates are based on a renters insurance policy with $20,000 personal property limits, $100,000 liability limits, and a $1,000 deductible.

The average cost of renters insurance in Surprise may vary greatly depending on the amount of personal property coverage purchased. Personal property coverage protects your belongings in case of theft, fire or other covered events. Use the calculator below to see how prices change based on the value of your personal property.

The cost of renters insurance in Surprise, Arizona, 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 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 primarily provides coverage for your personal belongings, but it also covers additional areas such as liability and living expenses if your rental is rendered uninhabitable. Here’s what a typical policy includes:

• Personal Property Coverage: This covers the cost to repair or replace your belongings if they're damaged or stolen. For instance, a renter in Texas may receive compensation for a stolen laptop.
• Personal Liability Coverage: This protects you financially if a guest is injured in your rental or you cause property damage. A Texas renter could use this coverage if a guest slips and falls in their apartment.
• Loss of Use Coverage: This helps with additional living expenses if your rental is unlivable due to a covered peril. A renter might rely on loss of use coverage to pay for a hotel stay after a fire.

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 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 Surprise ultimately depends on your needs. Below are some FAQs to help guide you.