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

Nationwide is the best renters insurance company in Ventura, California, with a MoneyGeek score of 91 and an average annual premium of $98. Capital Insurance Group is the cheapest renters insurance provider in Ventura, California, with a MoneyGeek score of 89 and an average annual premium of $70. 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 Ventura, 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 Ventura 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)
• Allstate: MoneyGeek score of 85 out of 100 ($93 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.

Capital Insurance Group offers the cheapest renters insurance in Ventura, California, with an average annual premium of $70 for $20,000 in personal property coverage. The following providers are the top two cheapest in Ventura 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: $70 per year
• Allstate: $93 per year

Personal property coverage protects your belongings, such as furniture, electronics and clothing, against risks like theft, fire and certain natural disasters. Cheap renters insurance policies often have low personal property coverage limits. While higher coverage limits can lead to higher monthly costs, they offer better protection if you have many personal belongings.

In Ventura, 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 $54. The following providers are the top two cheapest in Ventura for $20,000 in personal property coverage and a $2,000 deductible:

• Capital Insurance Group: $54 per year
• Nationwide: $78 per year

A deductible is the amount you pay out of pocket before your insurance coverage starts, which 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 affordability and adequate coverage if you need to file a claim.

In Ventura, California, Travelers offers the best renters insurance for service quality with an average annual premium of $137. These are the top two best providers in Ventura, 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 ($137 per year)
• Nationwide: MoneyGeek score of 95 out of 100 ($98 per year)

Excellent customer service is essential for renters looking for insurance because it ensures timely and effective support when needed. For example, having a responsive and helpful insurer can make the process smoother and less stressful when you make a claim. MoneyGeek scores renters insurance providers based on customer satisfaction from J.D. Power surveys, which measure how well companies meet customer needs.

State Farm offers the best renters insurance for those in Ventura, California, needing high personal property coverage, with an average annual premium of $236 for $100,000 in coverage. The top two best providers in Ventura for $100K in personal property coverage are:

• State Farm: MoneyGeek score of 94 out of 100 ($236 per year)
• Nationwide: MoneyGeek score of 92 out of 100 ($292 per year)

Renters with a significant number of personal belongings often require higher personal property coverage. This type of coverage ensures protection for items like furniture, electronics and clothing, typically up to $100,000.

While higher coverage levels usually come with increased premiums, it's important to find a provider that offers a good balance of cost and service. High-value possessions such as jewelry or art may exceed standard policy limits and necessitate additional coverage.

In Ventura, USAA ranks first for renters insurance, exclusively serving those with military backgrounds. These are the top two best providers for military members in Ventura for a policy with $20,000 in personal property coverage:

• USAA: MoneyGeek score of 100 out of 100 ($146 per year)
• Nationwide: MoneyGeek score of 91 out of 100 ($98 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 Ventura, California, is $133 annually or $11 per month. This rate is $15 cheaper than the California average of $148 and $12 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.

Remember that the average cost of renters insurance in Ventura may vary greatly depending on the amount of personal property coverage you purchase. Personal property coverage protects your belongings against 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 Ventura, California. For example, the location's crime rate and the amount of coverage you choose can significantly impact your premium. Understanding these factors is crucial for renters seeking an affordable policy that meets their needs. Below are some key factors that affect renters insurance costs:

• Location: Areas with higher crime rates or natural disaster risks typically have higher premiums.
• Coverage Amount: The more coverage you need, the higher your premium will be.
• Deductibles: Choosing a higher deductible can lower your monthly premium.
• Credit Score: A higher credit score can lead to lower insurance costs.
• Claims History: A history of multiple claims can result in higher premiums.

Renters insurance covers personal belongings, liability and additional living expenses. It protects you from financial loss due to theft, damage or accidents. Below is a detailed look at what renters insurance covers:

• Personal Property Coverage: This covers the cost of replacing your belongings if they are damaged or stolen. For example, if a fire damages your apartment in California, your policy can help replace your furniture and electronics.
• Personal Liability Coverage: This protects you if someone is injured in your rental unit and you are found liable. 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 loss. If an earthquake makes your California apartment unlivable, loss of use coverage can help pay for temporary housing.

Renters insurance in Ventura does not cover everything. For example, it typically excludes damages related to natural disasters and pests. Here are some common exclusions you should be aware of:

• Natural Disasters: Earthquakes and floods are generally not covered.
• Pest Damages: Damages caused by pests like rodents or insects are not included.
• High-Value Items: Expensive jewelry or electronics may require additional coverage.
• Roommate Property: Your roommate's belongings are not covered under your policy.
• Business Equipment: Items used for business often need separate coverage.

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