Cheapest & Best Renters Insurance In Long Beach 2025

Nationwide offers the lowest-cost renters insurance in Long Beach, priced at around $10 per month. However, if you’re seeking better services and more discounts, Farmers is an excellent choice. Although its premiums are higher, averaging around $18 per month, it stands out for its top-notch customer service and comprehensive coverage options.

With over 13,000 property crimes reported annually in Long Beach, impacting roughly 30 out of every 1,000 residents, renters insurance is a smart investment. It helps protect your belongings and provides valuable financial security and peace of mind.

Cheapest Renters Insurance Companies In Long Beach

If you’re searching for budget-friendly renters insurance in Long Beach, Nationwide offers the lowest rates, averaging around $10 per month. To help you compare your options, the table below lists the five most affordable providers.

Best Renters Insurance Companies In Long Beach

Nationwide is a great option for renters looking for low-cost insurance, but the cheapest policy isn’t always the best. In my view, Farmers is the best choice for renters insurance in Long Beach, providing quality service at competitive rates. They also offer a user-friendly mobile app for easy policy management, along with valuable discounts and a variety of add-on coverage options.

Average Cost Of Renters Insurance In Long Beach

Renters in Long Beach typically pay around $22 per month or $264 per year for insurance. However, your actual cost may differ depending on factors like coverage limits, location, deductible, and the insurer’s pricing model. Below is a table comparing average rates from five leading providers in the area.

Average Cost By Deductible

A deductible is the amount you must pay out of pocket before your renters insurance begins covering a claim. Opting for a higher deductible can reduce your monthly premium, while a lower deductible leads to higher monthly costs. The table below shows the average renters insurance rates in Long Beach based on different deductible amounts.

Factors That Impact Renters Insurance Costs In Long Beach

Several factors affect the cost of renters insurance in Long Beach:

Location: Insurance rates are higher in areas with more crime or greater risks of natural disasters like floods.

Claim History: If you’ve filed multiple claims before, insurers may see you as a higher risk and charge higher premiums.

Credit Score: Many insurers use credit scores to set rates, with lower scores often leading to higher costs.

Coverage Limits: Policies with higher personal property and liability coverage, especially with add-ons like identity theft protection or replacement cost coverage, tend to be more expensive.

Deductible Amount: A higher deductible lowers your monthly premium, while a lower deductible raises it since the insurer assumes more risk.

Home Safety Features: Installing security systems, smoke detectors, or sprinklers can reduce risk and may help lower your insurance rates.

What Does Renters Insurance Cover In Long Beach?

Renters insurance offers essential financial protection by covering a range of risks. Here are the key coverages included in most policies:

Personal Property Protection

Covers your belongings, such as electronics, furniture, and clothing, against risks like fire (excluding wildfires), theft, and specific types of water damage (excluding floods).

Liability Coverage

Helps pay for legal fees and medical costs if you’re responsible for injuries or property damage.

Additional Living Expenses (ALE)

Pays for temporary housing, meals, and other necessary expenses if your rental becomes uninhabitable due to a covered event.

Medical Payments to Others

Provides limited coverage for medical expenses if a guest is injured in your home, regardless of who is at fault.

What Does Renters Insurance Not Cover In Long Beach?

While renters insurance provides valuable protection, it has exclusions and limitations. Here are some common risks that standard policies typically don’t cover:

Car Theft or Damage

Renters insurance doesn’t cover personal vehicles; auto insurance is required instead.

Intentional Damage

Any damage deliberately caused by you or a member of your household won’t be covered.

Earthquakes

Standard policies don’t include earthquake damage. You’ll need a separate earthquake policy or an add-on for coverage.

Flooding

Renters insurance doesn’t cover flood damage. Given Long Beach’s flood risk, a separate flood policy or add-on is necessary.

High-Value Items Over Policy Limits

Standard policies may not fully cover valuable items like jewelry, artwork, or collectibles. A policy rider can provide additional protection.

Business-Related Losses

Running a business from your rental? Standard policies won’t cover business equipment or liabilities unless you purchase additional business coverage.

Pest Infestations

Damage from termites, bedbugs, or rodents is considered a maintenance issue and isn’t covered.

How Much Should Students Pay For Renters Insurance In Long Beach?

In Long Beach, students can expect to pay anywhere from $10 to $25 per month for renters insurance, depending on their coverage needs. Prices vary based on factors such as the apartment’s location, the value of personal belongings, and any optional add-ons.

Off-campus students often face higher premiums since they tend to live in larger spaces with more risk exposure. On the other hand, those living in college dorms usually pay less, as shared housing generally comes with lower insurance costs.

Before choosing a policy, it’s important to assess the value of personal belongings. While standard renters insurance covers most items, students with expensive electronics, bicycles, or other high-value possessions may need additional coverage. Some insurers also offer discounts for bundling renters and auto insurance, which can help lower overall expenses.

How Much Renters Insurance Do I Need In Long Beach?

Selecting the right renters insurance in Long Beach begins with evaluating the value of your personal belongings. Most standard policies offer coverage between $20,000 and $40,000, which works for many renters. However, if you own high-value items like jewelry, high-end furniture, or expensive electronics, you may need extra coverage.

Liability protection is another crucial factor. Basic policies typically include $100,000 in liability coverage to help with medical and legal expenses if someone gets injured in your rental. Choosing a higher limit can provide added financial security.

Additional Living Expenses (ALE) coverage is also worth considering. If a covered event forces you out of your rental, ALE helps cover temporary housing and other essential costs.

Finally, your deductible plays a key role in both your premium and out-of-pocket expenses. A higher deductible lowers your monthly payment but means you’ll need to pay more upfront before your coverage kicks in.

Can Landlords In California Require Renters Insurance?

Renters insurance isn’t legally required in California, but many landlords include it as a lease condition. This arrangement benefits both sides—tenants gain protection for their belongings, while landlords minimize liability risks.

If your lease mandates renters insurance, you may need to provide proof of coverage, such as a policy declaration page or a certificate of insurance. Some landlords also set minimum coverage limits, typically requiring at least $100,000 in liability protection. Failing to meet these requirements could lead to penalties or even lease termination.

Even when it’s not required, renters insurance is a smart investment. Long Beach has high property crime rates, and natural risks like flooding and wildfires can pose a threat. A policy helps safeguard your belongings and provides financial protection against unexpected liability claims.

Bundle Renters With Auto Insurance

Bundling renters and auto insurance is a great way to cut costs, as many insurers offer discounts for combining policies. These discounts usually reduce renters insurance premiums by 3% to 4% while also strengthening customer loyalty. In Long Beach, Farmers and Mercury are among the top providers for renters-auto bundles.

This option is especially beneficial for renters who already have auto insurance. Keeping both policies with the same insurer simplifies management, improves customer service, and may come with perks like flexible payment plans or higher coverage limits.

However, before bundling, it’s essential to compare plans. While combining policies can save money, make sure both offer adequate coverage at a fair price.

Common Causes Of Loss In California

California renters face several risks, including fires, theft, floods, wildfires, tsunamis, and water damage. Being aware of these dangers can help tenants choose the right insurance policy to protect their belongings and finances.

Property Crime & Theft

With more than 13,000 property-related crimes reported each year in Long Beach and over 700,000 across California, renters insurance is a crucial safeguard. It helps replace stolen belongings and can also offer liability coverage if someone is injured during a break-in.

Flood Risks

Flooding is a recurring issue in Long Beach, especially after heavy rains. Its coastal location also makes it vulnerable to tsunamis. Since standard renters insurance doesn’t cover flood damage, tenants should consider purchasing a separate flood insurance policy for complete protection.

Wildfires

Due to California’s dry climate and geography, wildfires pose a major threat. Most renters insurance policies exclude wildfire damage, but some insurers offer wildfire coverage add-ons or discounts for extra protection.

Earthquakes

Long Beach’s location near multiple fault lines makes it highly prone to earthquakes. Since renters insurance does not cover earthquake-related damages, purchasing additional earthquake insurance or an add-on is necessary to stay protected.

Fire Hazards

Fires in multi-unit buildings can spread rapidly, leading to significant losses. Renters insurance helps replace personal belongings damaged by fire. Given the frequency of fire incidents in Long Beach, having coverage is a smart choice.

Water Damage

Leaks from plumbing, burst pipes, or roof damage can lead to costly repairs. While renters insurance typically covers water damage inside the unit, flood-related damage requires additional coverage.

Additional Protection

Renters insurance may also cover losses from vandalism, accidental damage, and certain natural disasters, providing extra security and peace of mind.

Understanding these risks can help renters choose the best insurance policy to safeguard their belongings and financial well-being.