Home > Renters Insurance > The Best Cheap Renters Insurance in California (October 2023)

The Best Cheap Renters Insurance in California (October 2023)

Updated Jan 12, 2023

Updated Jan 12, 2023

Home > Renters Insurance > The Best Cheap Renters Insurance in California (October 2023)

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Renters insurance will protect your personal property from things like an earthquake or a wildfire. In the Golden State, these issues can be a major problem for homeowners, and it’s important to at least consider coverage. If you like the concept of renters insurance but know that only the best cheap renters insurance in California will work for your budget, we have you covered.

Any of the providers below can help you get the renter coverage you need. Contact them for a free quote.

The Best Affordable Renters Insurance Companies in California

Depending on the time of year you get your renter’s insurance quote and a whole host of other factors, the pricing can change considerably. However, as of October 2022, these are the cheapest renters policy options in California that also correctly protect your belongings.

CompanyLemonadeGeicoState FarmCSAACIGAllstate
Compare QuotesGet a quoteGet a quoteGet a quoteGet a quoteGet a quoteGet a quote
Our TakeQuickest Claims ProcessBest Customer ServiceBest Personal Property CoverageBest For AffordabilityBest Features and OptionsBest For Combined Plans
Average Monthly Premium$9$16.75$11$9$11$12
Savings vs. Average$8$.25$6$8$6$5
House Method Star Rating4.

Lemonade (Quickest Claims Process)

Lemonade is the clear winner for those purely looking to save money. One of the things that help Lemonade stand out as the best overall choice is the fact that the quote process is incredibly easy. Simply put in your coverage limits and information about your current living situation, and you will have a renters insurance quote in minutes.

Some of the standard coverages that Lemonade offers include loss of use, medical payments, and personal liability. California renters can also purchase earthquake coverage or water backup for an additional fee.

Quickest Claims Process
  • Easy-to-use mobile app and interface
  • Customizable coverage options
  • Fairly painless claims process

Why We Chose Lemonade

Peace of mind is the main reason that California renters should consider personal property coverage like Lemonade has to offer. Whether you want to cover $15,000 or $50,000 of your property, chances are you won’t have to use it. Therefore finding something affordable and easy to put into place makes sense for most busy California renters.

This company gets things done fast and your claims take no time at all to move through the system and get your money back in your pocket.

Lemonade Pros & Cons


  • Low cost, cheaper than the average
  • Easy to get a quote
  • Has options for earthquake coverage
  • Available across the entire state


  • Complaints about customer service
  • Not as well known as something like State Farm or Allstate


$9 per month

Geico (Best Customer Service)

The one thing that quickly stands out about Geico renters insurance is how easy this company is to work with. Whether you are signing up for a plan, managing monthly policies, or filing a claim, Geico just makes it all simple.

One of the great benefits of Geico renters insurance in California is that you can pay for the entire year ahead of time and save quite a bit of money. In addition, there is an included coverage of $500 towards damage to the property of others.

Most Accessible Customer Service Reps
  • Local insurance partners offer numerous coverage options
  • Discounts for existing auto policy holders
  • Available in all 50 states

Why We Chose Geico

Geico made our list because it’s easy to work with policies and people. When you have to log in to make changes to your account or you want to add your auto insurance to the policy, Geico makes it simple and easy. In addition, bundling your car and auto can save you quite a bit of money if you switch to Geico.

Geico Pros & Cons


  • Lower costs are available if you pay in full
  • Option for an earthquake endorsement
  • Easy to manage policy
  • Friendly and helpful agents


  • Won’t always be the cheapest of the policies


$16.25 per month

State Farm (Best Personal Property Coverage)

State Farm is widely known as one of the best insurance companies in the game. The one thing you can say about State Farm renters coverage is that if you have a claim, they will handle it for you. State Farm has tremendous customer service, and they offer a variety of types of coverage so that you can bundle and save.

One of the things that really helps State Farm stand out is the replacement cost coverage that comes standard with their policy. With replacement cost coverage, you won’t have to take the depreciated costs of your belongings should a claim come up. If your TV that is three years old experienced vandalism, you will still get enough money to replace it, not just what it was worth.

Why We Chose State Farm

In addition to offering nationwide coverage that is easy to transfer and impressive policy limits, State Farm also has a local presence in the California area. State Farm locations throughout the state for those who want to stop in and meet an insurance agent face-to-face.

State Farm also offers options to add things like medical expenses and cyber attacks to your policy for a fair price. Many renters assume State Farm coverage is the most expensive on the market, but when it comes to out-of-pocket expenses, they can compete for the basic policies.

State Farm Pros & Cons


  • All coverage features replacement cost
  • Well-known brand with great customer service
  • Local presence throughout the state
  • Options for identity theft and cyber attack coverage


  • Add-ons can be expensive
  • Sometimes deductibles are higher with State Farm


$11 a month

CSAA (Best For Affordability)

The Auto Club of SoCal is what CSAA stands for, and they are AAA insurers. For those that already have a AAA membership, this policy can offer impressive coverage for the price.

Although the pricing for CSAA may look as cheap as Lemonade, you will have to purchase the $60 membership fee to benefit from the low pricing.

The CSAA offers a variety of insurance options for liability coverage, additional living expenses, personal belongings, and even auto insurance. Throughout the state of California, you can find coverage from CSAA in 40 counties.

Why We Chose CSAA

AAA-backed renters insurance policies typically offer really great renters insurance rates even after the annual fee is considered. In addition, the annual fee can be used to help you save money on other things like travel. The CSAA doesn’t have the best reputation regarding customer service, and there are some counties where you won’t have access to the plan, but when looking for a cheap policy, this is a great option to consider.

CSAA Pros & Cons


  • Backed by the AAA
  • Has options in more than 40 counties
  • Limited exclusions when compared to other companies


  • Requires a $60 annual membership fee
  • Complaints regarding customer service when filing a claim or making policy changes


$9 per month

CIG Renters Insurance (Best Features and Options)

When you start shopping for renters insurance, you may notice that liability protection and personal property damage are the main benefits of the plan. However, some of the plans will have specific exclusions that require additional coverage. CIG offers excellent features and helps renters understand what is most important to cover.

For those that live in earthquake-prone areas, you can add earthquake benefits to your plan. In addition, you can protect valuables like jewelry. All policies come with complimentary identity theft protection. With more and more people working from home, CIG also offers options for home office protection for renters.

Why We Chose CIG Renters Insurance

CIG is part of Capital Insurance Group and is based in California. We always like to choose a local option in addition to nationwide choices. The great thing about CIG is that they understand the issues that renters face and the gaps in the landlord’s insurance, and they create solutions for renters. The basic policy from CIG is very affordable, and then you can adjust the amount of coverage as you get more comfortable with the insurance provider.

CIG Pros & Cons


  • Local to California
  • Comes with free identity theft protection
  • Renters’ insurance discounts with the addition of an auto policy
  • Options for earthquake endorsements


  • The extra features and earthquake insurance will raise the cost of the plan quite a bit


$11 per month

Allstate (Best For Combined Savings)

With Allstate being one of the most well-known auto insurance providers in the Los Angeles and San Francisco areas, you may benefit from a plan that is bundled. Bundled savings from

Allstate is a really impressive way to keep costs down. The percentage of savings will vary depending on how many policies you combine, i.e., car insurance, life insurance, personal liability, etc.

Another great feature of the Allstate plans is that you will have no trouble finding a local agent willing to answer your specific questions. Allstate agents are highly trained and have some of the better customer service ratings in the industry.

Best for Bundling

Why We Chose Allstate

Although it’s not the cheapest renters insurance plan on the market, Allstate offers fair pricing, great reliability, and the option to save more by bundling your policies. The Allstate team is very easy to work with should you need to file a claim. In addition, before you invest in the policy, you can speak to a representative about the coverages that matter most to you.

Allstate Pros & Cons


  • Very easy company to work with
  • Quote within a matter of minutes
  • Knowledgeable agents to help you with your policy
  • Opportunities to save large percentages with bundling


  • Initial pricing is a bit higher than companies like Lemonade


$12 per month

Compare the Best Renters Insurance Companies in California

The best renters insurance companies in California will typically be priced a little higher than the cheapest renters insurance companies in California. However, when it comes to filing claims and dealing with customer service, you may have a slightly more streamlined performance. The good news is that two of our favorite cheap renter’s insurance policies also make it to the list of the top policies in the state.

CompanyState FarmAllstateTravelersThe HartfordFarmersGeico
Compare QuotesGet a quoteGet a quoteGet a quoteGet a quoteGet a quoteGet a quote
Our TakeBest PersonalProperty CoverageBest For Combined PlansBest OverallBest For Valuable ItemsMost Well Rounded CoverageBest Customer Service
Average Monthly Premium$11$12$15$24.50$25$16.25
Savings vs. Average$6$5$2+7.50+8$.25
House Method Star Rating4.54.854.74.84.7

How Much is Renters Insurance in California?

Renters’ insurance in California is typically around $200 a year or $17 per month. Depending on the individual options you choose, where you live, and the amount of coverage that you need, your policy will vary considerably. Quotes for renters insurance can go up and down from year to year, and sometimes there are savings or incentives that will help lower the price.

Renter’s Insurance Costs in Popular California Cities

Some areas of the state of California are more prone to water damage or earthquakes, and therefore the price of home insurance and renters insurance policies are considerably higher. Here are some examples of how the area where you live can impact the price you pay for renters insurance.

  • San Francisco ($18)
  • Los Angeles ($17)
  • Fresno ($16 per month)
  • Sacramento ($18)
  • San Diego ($17)
  • San Jose ($17)
  • Santa Cruz ($18)

Who Offers the Cheapest Renters Insurance in California?

The cheapest renters insurance in California is offered through Lemonade. The company has been around for about seven years and is based in New York City. Lemonade is able to offer renters insurance policies in California for less than average by using automated technology to minimize overhead costs and make insurance more efficient. Many millennials like the streamlined, easy-to-use system that Lemonade has set up.

CompanyOur RatingMonthly Renters Insurance Premium
State Farm4.5/5$11
Allstate 4.8/5$12

Factors That Impact Renter’s Insurance Premiums in California

Renters’ insurance premiums not only vary in price from one apartment to another, but they can also change from one state to another. California is at risk for issues like earthquakes and even wildfires. This will potentially increase the policy’s price, but it’s also all the more reason to invest in a plan for your belongings.

Location and Home Risk Level

The highest risk level for California renters is an earthquake. In a large earthquake, you won’t have to worry about the structure of the home, as the landlord’s homeowners insurance will cover that. However, all of your personal belongings could become destroyed.

In the state of California, it is important to carefully consider your coverage amounts and truly choose a policy that covers everything you have. In the event you need to replace it all, you will be glad you paid a few dollars extra per month.

Claims Record

Unfortunately, insurance companies are really good at tracking your claims and seeing how much you use your insurance policy. If you have just recently filed a claim to an insurance company, they may consider it a negative and count it against you when giving you your rate.

This should not impact a policy too much, especially if the covered loss was completely out of your hands. Some companies like Allstate and State Farm will offer forgiveness on these previous claims based on criteria they have in place.

Credit Score

Insurance providers want to ensure they get their money for the plan you have purchased. Your credit score is checked, and if you have a high score, there will be no issues with the pricing.

However, for those with lower scores, you can see your monthly premiums nearly double just because of the protection that the insurance provider is putting in place for themselves. As your credit score improves, reach out about adjusting the cost of the policy.

Coverages, Deductibles, & Discounts

Most renters insurance policies have coverage options that start around $15,000 for personal property and go up over $100,000. The lower the coverage amounts you choose, the lower the monthly premium.

In addition, deductibles are the amounts that you pay out of pocket when you need to file a claim. A policy with a $100 deductible will be much more expensive than one with a $1,000 deductible. Choose a deductible that makes sense with your savings and your budget.

Look for multiple policy discounts for your renter’s insurance policy. If you need car and life insurance already, you may as well look into discounts you can get by adding a renters policy.

What Does California Renters Insurance Cover?

Every renter’s policy in California will offer different coverage options. However, most basic policies will cover the following:

  • Personal property
  • Loss of Use
  • Liability Protection
  • Medical Protection

There are also additional features you can add to a renters insurance policy that will cover things like wildfires or earthquakes. If you have expensive jewelry or electronics, you can also add those to a policy. Some renter’s insurance will also cover identity theft and fraud.

Considerations for Renters Insurance in California

When purchasing renters insurance in California, there are a few things that you should consider before you finalize the policy.

California Department of Insurance

The California Department of Insurance is in charge of all things insurance in the state of California. If you have questions about a specific company and its reputation or policy options, the California Department of Insurance is who you should contact.

Personal Property Calculator

Some renters undervalue their belongings. This will certainly help you save money on your month-to-month premiums, but when it comes to a claim, expect to pay quite a bit out of pocket. Use an online personal property calculator to determine how much you need.

Wildfires and Earthquakes

California renters need to check the fine print about how earthquakes and wildfires are handled under the policy. Some insurance companies are better than others regarding loss of use.

Final Verdict: Which California Renters Insurance Company is the Best?

The best California renters insurance company is Lemonade for those that are looking to save money and get their claims filed quickly. The process of signing up for a policy takes just a matter of minutes, and you get a quote that details everything that is covered. Make sure to choose enough coverage; for just a few dollars more, you can increase your personal property coverage by quite a bit. For those looking to stay with companies that have a long history in the business, State Farm or Allstate could be good options.

Frequently Asked Questions

What is the average cost of renters insurance in California?

The average cost of renters insurance in California is $17 per month.

What are the 3 major parts of renters insurance?

The three major parts of renters insurance are personal property coverage, loss of use, and liability coverage.

What is not covered by renters insurance in California?

Your car, permanent fixtures in the building, the structure of the home or apartment, and anything in the rental property that is not yours will not be covered under your plan.

Can you have two renters insurance policies in California?

If you want to purchase two rental insurance policies, you can, but it will not double your coverage. Sticking with one company and increasing your coverage amounts as needed is best.

Is renters insurance required in California?

Renters’ insurance is not required in California, but it is highly recommended.

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