How much is renters insurance in Costa Mesa, CA

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In Costa Mesa, the average cost of renters insurance is $248 annually for $40,000 in personal property, $300,000 in liability and a $1,000 deductible. It is $23 less than the state average of $271 per year.

Renters insurance costs can vary based on the coverage you choose and the amount of liability protection included in your policy. If you’re living in a rental, it’s a smart way to protect your personal belongings from things like fire, smoke, theft, vandalism, and other covered incidents.

Let’s take a look at the cheapest renters insurance options in Costa Mesa.

Key Takeaways

The average cost of renters insurance in Costa Mesa is $248 annually or $21 monthly.
The cheapest option for renters in Costa Mesa is Mercury Insurance, offering coverage at $13 per month.
Renters can reduce their insurance costs by taking advantage of discounts, such as installing a security system or bundling policies.

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

On average, renters in Costa Mesa pay $21 per month for renters insurance, which is $2 less than the state average of $23. The policy includes $40,000 in personal property, $300,000 in liability protection and a $1,000 deductible.

The cost of renters insurance in Costa Mesa varies depending on your insurance company and the coverage limit you buy. Renters in Costa Mesa typically pay $17 monthly for $20,000 in personal property coverage and a $1,000 deductible. If you decide to increase your coverage to $40,000, you’ll see an increase of $4 in your monthly premium.

Choosing higher coverage limits is a good idea if you own valuable items like jewelry, electronics, or furniture.

How much is renters insurance in Costa Mesa by deductible?

Renters insurance in Costa Mesa costs $212 per year for a $500 deductible and $20,000 in personal property coverage.

Your deductible is the amount you agree to pay before your insurance coverage kicks in. If you increase your deductible limit, your insurance cost will go down. For instance, if the personal property coverage is the same (e.g., $20,000) but you increase your deductible limit from $500 to $1,000, you will pay $11 less every year for insurance.

Below are the renters insurance rates for different personal property coverage and deductible amounts.

Deductible	$20,000 personal property	$40,000 personal property	$60,000 personal property
$500	$212	$264	$317
$1,000	$201	$248	$295

Note: The liability protection coverage is $100,000.

Who offers cheap renters insurance in Costa Mesa?

Your search for the cheapest renters insurance company ends here.

Mercury Insurance offers the cheapest renters insurance in Costa Mesa at $155 a year or $13 per month. According to our data, Auto Club Enterprises (AAA) ranks second on our list followed by State Farm.

Below are the average annual and monthly rates of the cheap renters insurance companies in Costa Mesa.

Renter insurance provider	Average annual rate	Average per month rate
Mercury Insurance	$155	$13
Auto Club Enterprises (AAA)	$176	$15
State Farm	$199	$17
CSAA Insurance (AAA)	$205	$17
Farmers	$228	$19
Travelers	$284	$24
Allstate	$304	$25
Nationwide	$498	$41
USAA	$176	$15

How to lower the cost of renters insurance

Follow these tips to reduce the cost of your renters insurance in Costa Mesa:

Bundle policies. If you have other insurance policies, such as car insurance, consider bundling them with the same company. Many insurers in Costa Mesa provide discounts for bundled policies.

Increase your deductible. A higher deductible can lower your premium in Costa Mesa, but make sure you’re comfortable with the potential out-of-pocket costs if you file a claim.

Choose the right coverage amount. Review your renters insurance policy regularly to ensure you aren’t paying for unnecessary coverage, such as excess personal property coverage if you don’t own many valuables.

Avoid filing too many claims. Filing frequent small claims can increase your rates. It might be worth paying for minor damages out-of-pocket instead of using your insurance.
Compare quotes. Don’t accept the first quote you get. Shop around and compare renters insurance rates from different insurers in Costa Mesa to find the best deal.

Renters in Costa Mesa should purchase renters insurance to protect their belongings and financial health. The cost of coverage varies based on your location, coverage limits and individual circumstances. To find the best deal, evaluate your coverage needs, compare quotes from different providers and take advantage of any available discounts.

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for renters insurance rates in Costa Mesa in 2023 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.