Cheapest Renters Insurance in Los Angeles (2024)
- Lemonade has the cheapest renters insurance in Los Angeles, California, with an average rate of $12 a month.
- Progressive has the city’s best renters insurance discounts.
- Assurant is the best company for add-on coverages.
Cheapest renters insurance companies in Los Angeles
For the cheapest renters insurance in Los Angeles, get a quote from Lemonade. Lemonade charges $12 a month, on average.
Progressive’s average rate is a little higher at $17 a month, but it also offers more discounts than Lemonade. They could make Progressive the cheapest company for you.
| Company | Monthly rate | Annual rate |
|---|---|---|
| Lemonade | $12 | $144 |
| Progressive | $17 | $204 |
| Allstate | $19 | $228 |
| Assurant | $22 | $264 |
To get the best cheap renters insurance, compare renters insurance quotes from several companies before you buy or renew a policy.
Best renters insurance companies in Los Angeles
Although Lemonade is the best renters insurance company in Los Angeles overall, Progressive and Assurant may be the best companies for you due to their discounts and coverage options.
Best renters insurance company overall: Lemonade
J.D. Power bases its customer satisfaction ratings on interaction, policy offerings, price, billing process and policy information, and claims.
If you want to add optional coverages to your renters insurance policy, though, Lemonade may not be the best company for you. It offers few add-ons, especially compared to Assurant and Allstate.
| Pros | Cons |
|---|---|
Lowest average rate in Los Angeles Has a few discounts that could make it even cheaper Best customer satisfaction score of surveyed companies | Offers few add-on coverages |
Best renters insurance discounts: Progressive
Progressive offers renters insurance discounts for:
- Bundling more than one insurance policy with the company
- Getting a quote at least three days before your policy starts
- Living in a secured or gated community
- Paying for your policy upfront
- Receiving your documents by email
Best add-on coverages: Assurant
You can add these optional coverages when you buy a renters policy from Assurant:
- Rent protection: Helps pay your rent if you lose your job
- Pet damage: Repairs damage your pet causes
- Water sewer backup: Covers damage caused by a backed-up sewer or drain
- Earthquake: Pays costs tied to earthquake damage, including additional living expenses if you need to move out while repairs are done
- Identity fraud expense: Helps you cover the cost of identity theft
How much is renters insurance in Los Angeles?
Renters insurance in Los Angeles is more expensive than it is in most of California’s other large cities. Renters in San Diego only pay $14 a month, on average, for renters insurance, while those in Anaheim, Sacramento and San Jose pay $15 a month.
Oakland renters pay more than those in Los Angeles, though, at an average rate of $20 a month.
Is renters insurance required in Los Angeles?
You should consider buying renters insurance even if your landlord doesn’t require it.
- It protects you against liability claims if you damage the building or if a visitor is injured while on your property.
- It covers your possessions like clothing, electronics and furniture from damage or destruction.
What does renters insurance cover in Los Angeles?
- Additional living expenses coverage pays some of your extra bills if you need to relocate while your home is repaired.
- Personal property coverage repairs or replaces your stuff, like clothing and furniture, if they’re damaged or destroyed.
- Personal liability coverage can help with legal fees and court costs if someone is injured or their belongings are damaged while visiting your home.
Frequently asked questions
The average cost of renters insurance in Los Angeles is $17 a month, or $204 a year.
You might pay more or less than this amount because of things like:
- Amounts and types of coverage you buy
- Deductible you choose
- Value of your belongings
- Where you live in the state
Lemonade has the best renters insurance in Los Angeles, based on our research. It charges the lowest rates in the city and also earned a great customer satisfaction score from J.D. Power.
Progressive is worth a look, too, because of its affordable average rate and many discounts. Assurant offers several optional renters insurance coverages that could make it the best company for some people.
Lemonade has the cheapest renters insurance rates in Los Angeles, at $12 a month ($144 a year).
Progressive is the second-cheapest company, with rates averaging $17 a month, or $204 a year. Progressive offers several discounts that might make it even cheaper than Lemonade.