Who Has the Cheapest Renters Insurance in Los Angeles?
Lemonade has the cheapest renters insurance in Los Angeles, at an average of $16 per month.
Find Cheap Renters Insurance Quotes in Los Angeles
Best Cheap Renters Insurance in Los Angeles
ValuePenguin editors looked at costs, coverage and customer service reputation for four leading companies to find the best renters insurance in Los Angeles. All quotes are for a single, 30-year-old man who has $30,000 of personal property coverage, a $500 deductible and $100,000 in liability protection.
Cheapest renters insurance in Los Angeles
Lemonade has the most affordable renters insurance in Los Angeles.
The company charges $16 per month, on average. That's roughly one-quarter cheaper than the Los Angeles city average of $22 per month.
Progressive also has affordable rates, at $20 per month, on average. Plus, Progressive offers seven different discounts for renters insurance.
Fewer companies offer renters insurance in Los Angeles than in other major cities. That's because California has strict rules that make it hard for insurance companies to raise rates. Also, the number of serious natural disasters like wildfires has increased in recent years.
Compare Cheap Renters Insurance in Los Angeles
Cheap renters insurance quotes in Los Angeles
Company | Monthly cost | ||
|---|---|---|---|
| Lemonade | $16 | |
| Progressive | $20 | |
| Allstate | $24 | |
| Assurant | $26 | |
Renters insurance in Los Angeles costs $22 per month, on average. That's $3 per month more than the California state average of $19 per month.
Factors like traffic, property crime and natural disasters all impact the cost of renters insurance.
Best for most Los Angeles renters: Lemonade
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Editor's rating
- Cost: $16/mo
Lemonade offers the best cheap renters insurance in Los Angeles.
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Cheap rates
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Customizable coverage
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High customer satisfaction rates
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Fast online quote and claims filing process
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Few discounts
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Many complaints
Lemonade offers a strong combination of cheap rates and good service. An average Lemonade renters policy costs $16 per month, which is about a quarter less than the city average.
The company's digital-first approach to selling insurance makes getting a policy fast and simple. After answering a short series of questions about your personal details and living situation, Lemonade will present you with a quote. From start to finish, you can buy a Lemonade renters policy in just a few minutes.
Lemonade also has a quick, AI-powered claims filing process. This may be the reason why Lemonade gts significantly more complaints than an average company of the same size, despite scoring high for customer satisfaction on a recent J.D. Power study. While the company's AI tools may make filing simple claims easier, it's possible that some customers become frustrated with more complex claims that require human judgment.
Lemonade lets you personalize your policy with a range of coverage extras. These include:
- Water backup
- Replacement cost
- Valuable items
- Extended liability
- Equipment breakdown
- Mold property and liability protection
- Pet protection
- Hurricane damage
Best cheap renters insurance in Los Angeles: Progressive
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Editor's rating
- Cost: $20/mo
Progressive lets customers personalize their coverage and save with many policy extras and discounts.
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Affordable quotes
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Many discounts
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Large number of coverage extras
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Poor customer service
Progressive has some of the cheapest renters insurance in Los Angeles, costing an average of $20 per month. That's 7% cheaper than the city average of $22 per month.
You can lower your monthly rate even more by taking advantage of one or more of Progressive's many discounts.
Progressive renters insurance discounts
- Renters-auto bundling
- Quote in advance
- Pay in full Email documents Gated community Single deductible
Progressive also lets you personalize your coverage with eight policy add-ons. These include common extras like identity theft protection and umbrella policies. Plus, all Progressive renters insurance policies come standard with replacement cost coverage.
A major disadvantage of Progressive is the company's poor reputation for customer service. Progressive scored last on a recent J.D. Power study that measured customer satisfaction for large renters insurance companies. Plus, Progressive gets significantly more complaints than an average company its size.
Best renters insurance in Los Angeles for bundling: Allstate
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Editor's rating
- Cost: $24/mo
Allstate has a good discount for bundling renters and auto policies.
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Strong bundling discount
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Good discounts for those age 55 and up
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Cheaper options are available
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Poor customer service
Allstate stands out for its generous bundling discount. The company also has a good 25% discount for renters aged 55 and up.
If you aren't in a position to take advantage of one or both of these discounts, Allstate may not be the best choice for you. The company charges $24 per month, on average, which is slightly above the citywide average.
Allstate lets you personalize your coverage with a few extras like flood insurance for renters and extended liability. But, you have fewer options with Allstate than you would with competitors like Progressive and Lemonade.
Allstate scores just below average for customer satisfaction according to a recent J.D. Power study. Plus, it gets more complaints than an average company its size.
What renters insurance coverage do I need in Los Angeles?
Renters in Los Angeles need protection from common hazards like fire, theft and flooding.
Renters insurance will pay to replace your stolen items. This coverage extends to things you own inside of your house or apartment and stuff that's stolen while you're away from home. For example, your coverage would kick in if someone steals your purse at a park.
Renters insurance typically covers damage caused by fire and smoke. Your policy will pay to repair or replace your property after a fire.
A normal renters insurance policy doesn't cover damage caused by flooding. If you live in a ground-floor or basement apartment in a flood-prone area, it's a good idea to buy a separate flood insurance policy for renters.
Frequently asked questions
Who has the cheapest renters insurance in Los Angeles, California?
Lemonade has the cheapest renters insurance in Los Angeles, at $16 per month, on average. Progressive also has affordable coverage, at an average of $20 per month. Plus, Progressive lets you save with seven different discounts.
How much is renters insurance in Los Angeles, CA?
Renters insurance in Los Angeles costs $22 per month, on average. That's slightly more than the California state average of $19 per month.
What companies have the best renters insurance in Los Angeles?
Lemonade has the best renters insurance in Los Angeles because of its cheap rates and strong customer satisfaction ratings. The company scored third on a recent J.D. Power study that measured customer satisfaction among renters.
Methodology
ValuePenguin gathered quotes from four of the top insurance companies available in Los Angeles to find the best renters insurance companies. Rates are for a 30-year-old, unmarried woman living alone who hasn't filed an insurance claim in the past.
Quotes are for the following coverage limits:
- Personal property: $30,000
- Personal liability: $100,000
- Medical payments: $1,000
- Loss of use: $9,000
- Deductible: $500
ValuePenguin editors used each company's National Association of Insurance Commissioners complaint score and its J.D. Power and ValuePenguin editor's ratings, if available.
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.