Best Renters Insurance in San Diego
If you’re renting a place in San Diego, renters insurance might be something that’s been on your mind. If not, it should be as there are many advantages to taking out a renters insurance policy.
Essentially, renters insurance functions like homeowners insurance (but is often more affordable).
In this article, I will be looking at the best renters insurance companies in San Diego, along with some common policy options to make sure you get the right kind of coverage.
Read on to find out more.
11 Best Renters Insurance Companies in San Diego
Different insurance companies tend to offer different policies that are slightly different from their competition. With the renters insurance market in San Diego being quite competitive, insurance companies do their best to stand out from the crowd and offer something different.
Here are the 11 best renters insurance companies offering policies in San Diego:
- 🏆 Lemonade: Best Overall Renters Insurance in San Diego
- Geico: Best for Bundling Insurance
- Liberty Mutual: Best for Customizable Coverage
- American Family: Best for 24/7 Claims Support
- State Farm: Best for Premium Discounts
- USAA: Best for Military Families
- Allstate: Best Renters Insurance with Add-on Options
- Farmers: Best for Local Agents
- Travelers: Best For Valuable Items Coverage
- Nationwide: Best for Self Service Portal
- Assurant: Best for Additional Perks
Lemonade’s focus on convenience and ease of use makes them a favorite among renters in San Diego. Lemonade has a smartphone app that you can use to get quotes and even open claims. It takes 90 seconds to purchase renters insurance, and if you need to claim, you can expect to get paid in 3 minutes.
- Cheapest option available
- Get quotes through the app
- Fast payments
- Great reviews
Geico is an excellent company to check out for insurance services – whether you’re looking for auto insurance, home insurance, or renters insurance.
Geico’s renters insurance covers a few things with additional riders available to cover such things as jewelry. They offer a multi-policy discount, as well as discounts for having a security or smoke alarm and sprinklers. You can get a renters insurance quote online or through a local agent.
Their website is easy to use and has quite a lot of information available about renters insurance.
- Local agents
- Different discounts available
- Riders and add-ons available
- Valuables insured separately
Liberty Mutual offers customizable renters insurance to help you get the right coverage for you. You can get discounts for purchasing your policy online as well as bundling other policies together.
They also offer a number of different add-ons to cover such things as personal property replacement, jewelry, and earthquake damages. Their website also has an easy to use coverage calculator to help get the right amount of coverage.
- Customizable policies
- Add-ons available
- Comprehensive information available on their website
- Online quotes available
American Family offers access to your account on the go thanks to the MyAmFam app. There’s a 24/7 claims support, and you can save as much as 15% on your renters insurance policy by bundling it up.
Speaking of discounts, American Family also offers discounts for going paperless and automatic payments. You can also get additional coverage if the base policy is not enough.
- 24/7 support
- Different discounts available
- Pay bills through their app
State Farm is a large insurance company offering renters insurance in San Diego. You can bundle your auto and renters insurance to receive premium discounts.
You’ll need to contact a State Farm agent to find out if you are eligible. If you’re not quite sure how to go about getting a policy, State Farm’s website offers a comprehensive guide that will walk you through every step of the way.
- Bundle discounts available
- Online policy quote
- Several add-ons and riders available
USAA’s renters insurance is only available for active and retired military personnel and their families. They offer one of the most comprehensive insurance policies out there.
Earthquake coverage is standard, as is flood coverage and replacement cost coverage. Policies are customizable, and you can choose whether you want liability insurance, personal items insurance, or both. It’s worth noting that the standard policy includes both.
- Exclusive to military personnel and their families
- Many coverages included as standard
- Customizable policy
Allstate offers bundled insurance policies that can help you save money as well as a number of add-ons and riders to make your policy more comprehensive.
Aside from this, they also offer several other discounts, including a safe home discount and a claim-free discount. You can get a quote online or through a local agent, depending on which option is the easiest for you.
- Multiple discount offer
- Add-ons and riders to extend policy coverage
- Renewal discounts for not claiming
Farmers Insurance promises personalized coverage and service when taking out a policy with them. They offer many discounts, including multi-policy discounts, having a security system or a fire alarm, and living in a smoke-free household.
Their agents can explain all of the available options and discounts. You can also get a quote online where you can find tips on how to get the right coverage for you.
- Multiple discounts and offers available
- Article floaters available
- Get a quote online or find an agent
Travelers offers a few different ways to save when taking out a policy with them, including discounts for taking out multiple policies, loss-free discounts, and having security equipment installed within the rented premises.
You can also get additional coverage for items that are of special value. This will extend your coverage to higher amounts without having to get an appraisal.
- Cover for valuable items
- Save money by taking out multiple policies
- Save up to 5% on your car insurance policy
Nationwide offers three different ways to get a renters insurance policy quote. You can either give them a call, find a local agent, or head over to their website. They have optional coverages and different discounts.
This can help you get the right coverage while also saving money. They also have a self-service portal that can help you get things done faster, including managing claims, changing coverage, and making due payments.
- Different ways to get a quote
- Self-service portal
- Different discounts available
Assurant promises fast and easy renters insurance with a few unique perks. If your landlord requires proof of coverage, Assurant will deliver it to them.
If you have a roommate, you can also add them to your policy free of charge. They cover a number of different incidents and a few different coverage options to help you get the right policy for you.
- Offers a few additional perks
- Different coverage options
- You can purchase your policy online
Why Getting Renters Insurance in San Diego Is a Good Idea
Whether you’re a devout Marie Kondo follower or a secret hoarder, things are something we all need. From our laptop to keep in touch with our families to clothes and appliances, we need things that ultimately cost money to buy.
While we might not think about losing the things we own, accidents do happen, and crime such as theft is still something that, unfortunately, is part of many communities. Renters insurance can put your mind at rest that should something happen.
You’ll be able to continue living your life without the financial hardship that might come from having to replace all of your belongings. Your precious belongings will be protected under your renters policy.
Renters insurance doesn’t have to break the bank either. The cost of renters policy in San Diego is in line with that of the state of California renters insurance rates. Prices start at $5.00 a month, with the average cost of renters insurance working out as about $15.00 – $20.00 per month.
What Does Renters Insurance Cover?
Renters insurance policies cover more than just damaged or stolen items. From protecting you against liability to making sure you’ll have somewhere to sleep should something happen to your home, renters insurance offers peace of mind and safety right when you need it the most.
Each policy is different, and coverage will also differ from one policy to the next. Many insurance companies also offer add-ons and riders to help you extend the coverage to what you need. Here are some coverages you can expect with a standard policy
Personal Property Coverage
Personal Property Coverage covers the cost of replacing or repairing your belongings, such as electronics, furniture, and clothing. The actual coverage may vary from one policy to the next up to coverage limit.
Personal Liability Coverage
Personal Liability Coverage covers damages you’re liable for, including damage to 3rd party property and medical bills for guests should you be found responsible for their injuries. The maximum coverage is policy-dependent, as is the type of liability you’re covered for.
Additional Living Expenses Coverage (ALE)
ALE covers additional living expenses such as alternative accommodation should the rented property become uninhabitable. Do remember to check the policy to know exactly what you are covered for and avoid nasty surprises when it’s too late.
Medical Payments Coverage
Medical Payments Coverage covers your own medical bills for sustained injuries without determining liability or fault.
What’s the best rental insurance in San Diego?
It’d be difficult to pick one single renters insurance policy that’s best for everyone. Lemonade and Assurant are more geared towards millennials and have a few additional perks that are nice to have. Either way, you should always get quotes from multiple renters insurance providers and compare coverage and the quoted price.
Who has the most affordable renters insurance in San Diego?
With policies starting at $5.00 per month and an average cost of $8.84 per month, Lemonade is the most affordable renters insurance in San Diego. Depending on your requirements, including the coverage you need and the discounts you are eligible for, the quoted price might be higher. Use the online quote option to get a quote for a better idea of what you will actually need to pay for your renters insurance policy.
Do You Need Renters Insurance in San Diego?
So, there you have it – renters insurance does more than protect your belongings. You might think that your stuff is not worth insuring, but imagine if you had to replace everything you own – from your iPad to your TV! This could put an unnecessary strain on your finance, which can have ripple effects on other financial obligations you might have.
With such low prices, renters insurance can make great financial sense even from a risk management point of view. Renters insurance cost and benefits of having your belongings and home protected far outweigh the stresses of not having it.
Make sure you take the time to assess your situation and always remember to spend some more time looking into renters insurance rates. Get multiple quotes before you decide which renters coverage option to go with – and to find the one that ticks all the boxes for you.
There are countless insurance products provided by countless providers – and I hope that this list of the 11 best will help you in search of the perfect renters insurance policy for you.