Oakland Renters Insurance

The Zebra
July 23, 2019

Renters insurance in Oakland


It's important to carry renters insurance if you're renting a home. It insures your rental dwelling — and any personal property within it — against a variety of perils, such as fire, theft, vandalism, and wind damage. Given the relatively common frequency of these incidents, the affordability of a renters policy, and the relatively high cost of replacing your property, a renters insurance policy is a solid investment.

The cost of your renters insurance will rely on a number of contributing factors, including your building's age, the material from which it’s made, its geographic location, and the pricing guidelines of your insurance company. In areas prone to hail, fire, lightning, or damaging wind, renters insurance policies may be more expensive to account for the extra risk.

The average yearly cost of renters insurance in Oakland is $245.

Finding reliable renters insurance in Oakland starts with shopping around and comparing policies. Consult our breakdown of Oakland, California renters insurance premiums to begin your search with as much background info as possible. Remember: rates will vary based on your coverage limits and other factors.


Oakland renters insurance:

  1. Rates by company
  2. Rates by coverage level
  3. Car and renters insurance discounts

Renters insurance costs in Oakland — top companies

Renters insurance premiums in Oakland depend on the insurance company you choose. For instance, Fire Insurance Exchange offers the cheapest renters insurance in Oakland, at just $127 per year. That's less expensive than the city's average cost of $245, providing a $118 discount on typical rates in the city.

Begin your search for a renters insurance policy by exploring the cheapest insurers in Oakland.


AFFORDABLE RENTERS INSURANCE COMPANIES IN OAKLAND
CompanyAverage Annual Rate in Oakland
Fire Insurance Exchange$127
State Farm$147
California Automobile$155
Safeco$171
Travelers$205

Oakland renters insurance premiums by coverage level

The cost of your renters insurance depends on the amount of coverage you opt to carry. The most common levels of renters insurance coverage are $25,000 and $50,000 property coverage. In Oakland, the annual cost differential between these options is roughly $97. If you can afford to insure your personal property at this additional expense, it's an option worth considering.

Coverage LevelAverage Annual Rate in Oakland
$25K Property$197
$50K Property$294

How to save: bundle your renters and car insurance policies

If you’re seeking ways to save on your insurance expenditures, consider carrying your renters and auto policies with the same insurance company. Combining renters and car insurance in Oakland can lead to substantial savings. In fact, bundling renters and auto insurance leads to average savings of 3.5% on car insurance premiums. The car insurance company with the cheapest bundled rate is GEICO, followed by Mercury and Farmers.


RENTERS AND AUTO INSURANCE BUNDLE DISCOUNTS IN OAKLAND
Annual Bundle SavingsBundle Savings %
$693.5%

Need renters insurance? Talk to an expert today.