Who Has the Cheapest Renters Insurance in Los Angeles?
Lemonade has the best cheap renters insurance in Los Angeles at $10 per month, on average.
Find Cheap Renters Insurance Quotes in Los Angeles
Best cheap renters insurance in Los Angeles
Cheapest renters insurance in Los Angeles
The average cost of renters insurance in Los Angeles is $20 per month, or $243 per year.
The cheapest renters insurance in Los Angeles comes from Lemonade. A policy from Lemonade costs $10 per month, or $118 per year, which is half the price of an average policy in LA.
Find Cheap Renters Insurance Quotes in Los Angeles
Cheap monthly renters insurance quotes in LA
Company | Monthly cost | |
|---|---|---|
| Lemonade | $10 |
| State Farm | $16 |
| Travelers | $18 |
| Allstate | $20 |
| Farmers | $22 |
| Nationwide | $23 |
| Amica | $34 |
Best for most renters in Los Angeles: Lemonade
Monthly rate: $10 ?
Pros and cons
Lemonade has the best cheap renters insurance in Los Angeles at $10 per month, or $118 per year. That's 51% cheaper than the average cost of renters insurance in Los Angeles, and $6 less per month than the second-cheapest company, State Farm.
Lemonade also offers LA renters a great customer service experience. The company scored very high on J.D. Power's annual customer satisfaction survey, which asks customers about their claims process, price, policy offerings, billing department and other interactions.
Lemonade receives fewer complaints than similar insurance companies, according to the National Association of Insurance Commissioners (NAIC). That means renters can count on Lemonade to help them get things back to normal quickly if their stuff is damaged or stolen.
In addition, Lemonade has a great website and a well-rated app that can help you buy a policy or file a claim in just a few minutes.
The biggest downside to Lemonade is that it doesn't currently sell car insurance in California. That could make it a bit inconvenient for renters who prefer to buy all of their insurance policies from one company.
Best for bundling insurance policies: State Farm
Monthly rate: $16 ?
Pros and cons
Los Angeles renters should consider State Farm if they feel more comfortable insuring their apartment with a nationally known insurance company. State Farm offers lots of insurance products, so it's a great option for renters who prefer to buy all of their policies in one place. Having one insurance company can be beneficial because most companies offer a discount for buying more than one policy.
State Farm has the second-cheapest renters insurance rates in LA — a policy costs around $16 per month, which is 23% cheaper than average. State Farm offers a discount of around 4.7% to people that bundle renters and car insurance. For Los Angeles renters, that could save you around $1 per month on your renters insurance.
Another benefit of choosing State Farm is that the company also offers earthquake insurance, which most Los Angeles renters should consider.
Having renters and earthquake insurance policies with the same company will make your life a lot easier if you have to file a claim due to tremors or a landslide.
Aside from earthquake coverage, State Farm doesn't offer a lot of ways for renters to add extra protection to their policy. However, most renters will find State Farm's coverage sufficient.
Best customer service: Amica
Monthly rate: $34 ?
Pros and cons
Renters living in LA can count on Amica to provide great customer service. Amica only receives about 12% as many complaints as its competitors, according to the NAIC. That means renters are generally satisfied with how Amica handles their claims.
Unfortunately, Amica's excellent service comes at a price. At $34 per month, it has the most expensive renters insurance rates in Los Angeles. However, Amica offers lots of discounts to help make its coverage more affordable, including discounts for:
- Bundling renters and auto insurance
- Making automatic payments
- Receiving bills via email
- Being claim-free for three years, or longer
- Switching to Amica after having the same insurance company for two years, or longer
Best renters insurance in Los Angeles
Amica has the best-rated customer service for renters in Los Angeles.
The company earned the highest score from our ValuePenguin editors based on customer service reviews, coverage availability and the overall value it offers customers.
However, Amica's high prices may make it unaffordable for some renters in LA. We recommend comparing quotes from Lemonade. Although it isn't as highly rated as Amica, Lemonade still receives fewer complaints than other companies and earned a high score from J.D. Power.
Company |
Rating
|
|---|---|
| Amica | |
| USAA | |
| Lemonade | |
| State Farm | |
| Nationwide |
Renters can also find excellent customer service at USAA. However, USAA isn't available to everyone — only military members, veterans and their families can buy a policy.
It's important to consider customer service reviews along with the cost of insurance when shopping for a renters policy.
You can count on a company with great reviews to provide an easy claims process, which means you'll be able to get your life back to normal fast if you have an emergency. On the other hand, you might end up paying more to replace your stuff if you choose a company with a reputation for bad service.
Frequently asked questions
How much is renters insurance in Los Angeles?
The average cost of renters insurance in LA is $243 per year, or $20 per month. That's $36 more per year than the statewide average in California.
Do you need renters insurance in Los Angeles?
Los Angeles renters may need to buy insurance if your property management company or landlord requires you to as a part of your rental agreement. Your landlord will usually ask to be added to your policy as an interested party, so they'll be notified if you ever cancel your insurance.
Who has the best renters insurance in Los Angeles?
Lemonade has the best renters insurance for most people in Los Angeles. At $10 per month, coverage from Lemonade costs half as much as the average renters policy in LA. Lemonade also has reliable customer service and a great online experience.
Methodology
To find the cheapest renters insurance in Los Angeles, we gathered quotes from addresses across the Los Angeles metropolitan area, including Anaheim, Irvine, Long Beach, Los Angeles and Santa Clarita. Quotes are based on a 25-year-old man with no pets living on his own.
Rates include the following coverage limits:
Coverage | Limit |
|---|---|
| Personal property | $30,000 |
| Personal liability | $100,000 |
| Medical payments | $1,000 |
| Deductible | $500 |
To determine the best renters insurance in Los Angeles, we rated companies based on data from the National Association of Insurance Commissioners (NAIC) complaint index, J.D. Power's annual customer satisfaction survey and ValuePenguin's editor's rating.
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.