Find Cheap Renters Insurance Quotes in Your Area
We collected quotes from 305 cities across California and determined that Farmers has the cheapest renters insurance on average, with a yearly cost of $158.
California renters pay on average $220 per year for renters insurance for their home or apartment.
Below, we've highlighted the least and most expensive cities in California for renters insurance. Read more about our findings, or enter your ZIP code into our quote tool above to find renters insurance quotes catered to you. Cheapest Renters Insurance Companies in California
Renters Insurance Companies in California
We gathered quotes from:
- State Farm
- Liberty Mutual
The graph below shows the average annual costs of renters insurance by company, along with the California's statewide average. Overall, the price of renters insurance is more expensive in California than the national average cost of coverage, which is $187 per year.
Find Cheap Renters Insurance Quotes in Your Area
Top 5 Least Expensive Cities for Renters Insurance in California
1. Santa Maria, CA
On average, residents of Santa Maria pay an about $166 per year on renters insurance. This is about 25% less than California's average.
In our study, Santa Maria was the most affordable city for renters insurance in the state.
We discovered that the price of renters insurance in Santa Maria varied by $114 depending on your company. Liberty Mutual had the most affordable rates at $124 per year, while the most expensive provider was Nationwide, which carried policies for $238.
2. San Luis Obispo, CA
San Luis Obispo boasts the second most affordable renters insurance rates in the state. We calculated that the average annual cost for renters insurance in San Luis Obispo was about $167, which is 24% less than the state average.
The most affordable renters insurance company in San Luis Obispo is Liberty Mutual, though Farmers and State Farm had policies that were priced within six dollars of Liberty Mutual.
3. Pismo Beach, CA
On average, residents of Pismo Beach pay $167 annually for their renters insurance — $53 less than the state's mean.
We found that the cheapest renters insurance in Pismo Beach is Liberty Mutual, which offered coverage for $124 per year. Alternatively, State Farm and Farmers both provided quotes of $130.
4. Lompoc, CA
Lompoc is the fourth most affordable city for renters insurance in California. The average annual renters insurance rate in the city was about $169, which is $51 less than California's average.
For Lompoc's renters, we recommend comparing quotes from State Farm, Farmers and Liberty Mutual. These providers offered quotes within $1 of each other. Contrastly, Nationwide is the most expensive of the providers in this city we surveyed.
5. Arroyo Grande, CA
Arroyo Grande is the fifth most affordable city in California for renters insurance. Based on our study, residents pay 23% less than the state average for coverage.
If you’re looking for cheap renters insurance in Arroyo Grande, we recommend starting with Liberty Mutual, which quoted us an annual rate of $124. That said, Farmers and State Farm offered rates that were just $6 and $7 greater, respectively.
Top 5 Most Expensive Cities for Renters Insurance in California
1. Beverly Hills, CA
We concluded that Beverly Hills is least affordable city for renters insurance in California.
On average, residents pay $364 for renters insurance, 65% more expensive than California's average.
In Beverly Hills, State Farm quoted the most affordable rate. However, even at a cost of $246 State Farm’s price was greater than the state's average of $220. In addition, only State Farm and Farmers gave us quotes of less than $300 per year.
2. Oakland, CA
The average cost of renters insurance in Oakland is about $328 per year, about one hundred dollars more expensive than the typical cost of coverage in California. However, you could still get a cheap policy here.
The most affordable renters insurance rate in Oakland is Farmers, which charged an annual premium of $187 — which is also the national average cost of tenants insurance.
3. Culver City, CA
Based on our research, renters insurance in Culver City costs about $326 per year. This makes Culver City the third least affordable city for renters insurance in California.
State Farm has the most affordable renters insurance in Culver City, as it charged us an annual cost of $212. The least affordable insurance company, Liberty Mutual, quoted us a rate of $458.
4. Los Angeles, CA
As the fourth most expensive city for renters insurance in this survey, Los Angeles had an average cost of about $300 for coverage.
If you’re looking for affordable renters insurance rates in Los Angeles, we suggest starting with Liberty Mutual, which quoted us an annual premium of $196. That's about twenty dollars cheaper than the state's average price.
5. Pasadena, CA
Despite Pasadena being one of the most expensive cities for renters insurance in California, its renters can still find affordable coverage that costs less than the state's average.
State Farm quoted the most affordable renters insurance rate in Pasadena at $144 annually, which is about sixty dollars less than California's mean cost of coverage. Farmers also has cheap coverage for Pasadenans.
Average Cost of Renters Insurance: City-by-city
We've consolidated the results of our survey in the table below. Each city that we surveyed is listed, along with how its average price of renters insurance compares with the typical price of coverage in California.
|City||Annual premium||Vs. state average|
|Big Bear Lake||227||3%|
|Half Moon Bay||199||-10%|
|La Canada Flintridge||268||22%|
|Marina Del Rey||220||0%|
|Point Reyes Station||244||11%|
|Rancho Santa Fe||190||-14%|
|San Juan Capistrano||188||-15%|
|San Luis Obispo||167||-24%|
|South Lake Tahoe||222||1%|
What Does Renters Insurance Cover in California?
Renters insurance in California provides financial protection for your property through four main coverage features.
Unlike homeowners, you won't need to purchase insurance for the structure of your building if you're a renter.
- Personal property coverage: If your personal belongings are damaged or destroyed in a covered peril, your renters insurance will reimburse you for the cost of replacing them up to your policy's limit. Common perils insured by your policy include theft, fires or water damage from burst pipes.
- Personal liability coverage: If you're responsible for injury to other people or damage to their property, liability coverage pays for the costs of the injury or, if you're sued, the cost of your legal defenses. A typical renters insurance policy covers up to $100,000 in liability costs.
- Additional living expenses (ALE) coverage: Also called loss of use coverage, this feature reimburses you for expenses if a covered peril forces you to leave your home. For example, if a wildfire renders your apartment uninhabitable, ALE will cover the costs of staying in a hotel up to specified dollar and time limits.
- Medical payments coverage: This feature of your renters insurance covers a limited amount of medical costs if a guest is injured on your property.
Renters insurance is not required by law in California—or any other state, for that matter—so you typically won't have to buy coverage unless you want to. However, your landlord may legally require you to buy coverage.
In any case, we recommend that you purchase renters insurance. Paying about $18 per month for coverage is a cheap, effective way of ensuring the security of your belongings and guarding against the costs of legal liability.
To compile the data for this study, we pulled quotes from 305 geographically diffuse California cities. Our sample profile shopped for $30,000 of property coverage and $100,000 of liability protection. We obtained quotes from:
- State Farm
- Liberty Mutual
After getting quotes, we averaged the data to get a mean for each city and company.
As the cost of renters insurance varies depending on a number of factors, including your location and the amount of coverage you elect to purchase, your rates may be different from those listed in this study.