How much is renters insurance in Chino, CA

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In Chino, CA, the average cost of renters insurance is $281 annually for $40,000 in personal property, $300,000 in liability and a $1,000 deductible. It is $10 more than the state average of $271 per year.

Renters insurance costs may differ depending on the coverage you opt for and the amount of liability coverage included in your policy. If you’re living in a rental property, it’s worth considering this type of insurance to protect your belongings from damages caused by fire, smoke, theft, vandalism and other covered events.

We conducted an in-depth analysis of insurance companies to find the most affordable insurers for renters in Chino. Continue reading to know the cheapest renters insurance companies in Chino.

Key Takeaways

The average cost of renters insurance in Chino is $281 annually or $23 monthly.
The cheapest option for renters in Chino is Mercury Insurance, offering coverage at $13 per month.
Renters can reduce their insurance costs by taking advantage of discounts, such as discounts for installing a security system or bundling policies.

What is the average cost of renters insurance per month in Chino?

On average, the cost of renters insurance in Chino is $23 a month. It’s equals to the state average of $23. Renters in Chino pay these rates for the coverage limit of $40,000 in personal property coverage, $1,000 deductible and $300,000 in liability protection coverage.

The renters insurance rates vary by city depending on your insurance provider and the coverage limits you choose. For example, renters in Chino pay $19 per month for personal property coverage of $20,000 and a $1,000 deductible. However, if you decide to increase the personal property coverage limit to $40,000, you will pay $4 more for renters insurance.

Now, you’ll have to decide how much coverage you need and how much you can afford. However, it is recommended that you choose higher coverage limits if your personal belongings consist of expensive jewelry, furniture and electronics.

How much is renters insurance in Chino by deductible?

The average cost of renters insurance in Chino is $242 annually for a $500 deductible and $20,000 in personal property coverage

The deductible is the amount you pay out-of-pocket before your insurance kicks in. If you raise your deductible, your premiums will decrease. For example, if you maintain $20,000 in personal property coverage but increase your deductible from $500 to $1,000, you’ll save $12 every year on your insurance.

Here are the renters insurance premiums for different personal property coverage and deductible amounts.

Deductible	$20,000 personal property	$40,000 personal property	$60,000 personal property
$500	$242	$298	$354
$1,000	$230	$281	$332

Read our guide to know what does renters insurance cover.

Who offers cheap renters insurance in Chino?

Your search for affordable renters insurance ends here.

Mercury Insurance has the lowest rates in Chino, with an annual premium of $155 a year or $13 per month. Based on our data, Auto Club Enterprises (AAA) and CSAA Insurance (AAA) also offer cheap rates.

After evaluating renters insurance quotes from all the national and regional insurance companies in Chino, the experts at Insure.com put together a list of the most affordable insurance carriers.

Below, you’ll find the average annual and monthly rates for cheap renters insurance companies in Chino, CA.

Renter insurance provider	Average annual rate	Average per month rate
Mercury Insurance	$155	$13
Auto Club Enterprises (AAA)	$175	$15
CSAA Insurance (AAA)	$204	$17
Farmers	$220	$18
State Farm	$233	$19
Travelers	$297	$25
Allstate	$333	$28
Nationwide	$597	$50
USAA	$227	$19

Tips for reducing the cost of renters insurance

Below are some tips to help you save on renters insurance in Chino:

Bundle policies: If you have other insurance, such as car insurance, bundling it with the same provider can often earn you a discount. Many insurers in Chino offer savings for bundling policies.

Increase your deductible: Choosing a higher deductible can lower your premium, but ensure you’re prepared to cover the higher out-of-pocket costs if you need to file a claim.

Choose the right coverage amount: Regularly review your renters insurance to avoid paying for more coverage than you need. For example, you might opt for lower personal property coverage if you don’t own high-value items.

Limit small claims: Filing multiple small claims can drive up your rates. If possible, consider paying for minor damages out of pocket to keep your premium low.

Shop around for quotes: Don’t settle for the first offer. Compare renters insurance rates from multiple providers in Chino to find the best coverage at the lowest price.

Final thoughts

Renters insurance in Chino, CA, offers valuable protection for renters at an affordable price. While premiums can vary depending on location, coverage amount and individual circumstances, the peace of mind it provides is worth the investment. By understanding your coverage needs, comparing quotes and taking advantage of discounts, you can find an affordable policy that suits your budget.

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for renters insurance rates in Chino for $40,000 personal property coverage, $300,000 liability coverage, and a $1,000 deductible. The data presented are those with a good credit tier alignment.

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Shivani Gite

Contributing Writer

Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions.