Best and Cheapest Renters Insurance in West Covina, CA (2024)

Nationwide is the best renters insurance company in West Covina, California, with a MoneyGeek score of 94 and an average annual premium of $125. Capital Insurance Group is the cheapest provider, with a MoneyGeek score of 89 and an average annual premium of $103. 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. For example, Travelers leads in service quality, with an annual premium of around $147. 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 West Covina, California, with a MoneyGeek score of 94 out of 100 and an average annual premium of $125. These are the best renters insurance companies for policies with $20,000 in personal property coverage, $100,000 in personal liability coverage and a $1,000 deductible:

• Nationwide: MoneyGeek score of 90 out of 100 ($74 per year)
• State Farm: MoneyGeek score of 93 out of 100 ($121 per year)

Nationwide has achieved a balance of cost and quality service, earning an affordability score of 52 out of 55 and a customer satisfaction score of 28 out of 30.

In West Covina, California, Capital Insurance Group offers the cheapest renters insurance, with an average annual premium of $74 for $20,000 in personal property coverage with a $1,000 deductible.

• Capital Insurance Group: $103 per year
• State Farm: $121 per year

Personal property coverage helps replace or repair your belongings if they're damaged or stolen. Cheap renters insurance policies may have lower personal property coverage limits, which could be insufficient if you have numerous valuable items.

Capital Insurance Group offers the best and cheapest renters insurance in West Covina, California, for a policy with $20,000 in personal property coverage and a $2,000 deductible at an average annual premium of $80. The following providers are the top options in West Covina for higher deductible policies:

• Capital Insurance Group: $80 per year
• Nationwide: $99 per year

A deductible is the amount you pay out of pocket before your insurance policy kicks in. Opting for a higher deductible usually results in cheaper insurance premiums. It's important to find a balance that suits your financial situation to ensure you can afford the premiums and any out-of-pocket costs that may arise if you need to file a claim.

For renters in West Covina, California, who prioritize exceptional service over cost, the following are the top two providers for a policy with $20,000 in personal property coverage:

• Travelers: MoneyGeek score of 96 out of 100 ($147 per year)
• Nationwide: MoneyGeek score of 95 out of 100 ($125 per year)

Excellent customer service is vital for renters seeking insurance. If you're making a claim after a stressful event, a responsive and helpful insurance representative can make the process smoother and less daunting. MoneyGeek evaluates the best renters insurance companies for customer service based on J.D. Power surveys, which assess customer satisfaction in areas like policy offerings, price, billing process and claims.

State Farm offers the best renters insurance for those in West Covina, California, needing high personal property coverage. Its average annual premium is $247 for a policy with $100,000 in personal property coverage. In West Covina, the top providers for $100K in personal property coverage are:

• State Farm: MoneyGeek score of 95 out of 100 ($247 per year)
• Travelers: MoneyGeek score of 94 out of 100 ($366 per year)

Renters with numerous belongings often require more personal property coverage. High personal property coverage ensures a higher level of protection for your belongings, such as furniture, electronics and clothing, from theft or damage.

Higher coverage levels typically mean higher premiums, but finding a provider that offers both reasonable costs and excellent service is vital when you own many possessions. Remember, high-value items such as jewelry or artwork might not be fully covered under standard policies and may necessitate additional coverage.

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

• USAA: MoneyGeek score of 100 out of 100 ($143 per year)
• Nationwide: MoneyGeek score of 94 out of 100 ($125 per year)

USAA offers various products tailored for those with a military background, providing discounts and coverages that suit the military lifestyle. It is the cheapest option for military members in West Covina.

The average cost of renters insurance in West Covina, California, is $166 annually or $14 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 remember that the average cost of renters insurance in West Covina 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 West Covina, 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 covers personal property, liability and additional living expenses. It protects against theft, fire and certain natural disasters. Purchasing renters insurance offers security and financial protection, ensuring you are covered in case of unexpected events. Below is a detailed list of what renters insurance can cover:

• Personal Property Coverage: This coverage protects your belongings from damage or theft. For example, if a fire damages your apartment in California, your policy can help replace your damaged furniture and electronics.
• Personal Liability Coverage: This coverage helps with legal expenses if someone gets injured in your rental. For instance, if a guest slips and falls in your California apartment, this coverage can help pay their medical bills and legal fees.
• Loss of Use Coverage: This coverage pays for additional living expenses if your rental becomes uninhabitable. For example, if your California apartment is damaged by a flood and you need to stay in a hotel, loss of use coverage can help cover those costs.

Renters insurance in West Covina does not cover everything, such as flood damage and damage from earthquakes. Here are some common exclusions:

• Flood Damage: Renters insurance does not cover damage caused by floods.
• Earthquake Damage: Earthquake-related damages are typically not covered.
• Pest Infestations: Damage from pests like termites and rodents is usually excluded.
• High-Value Items: Expensive items such as jewelry often require additional coverage.

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