Who Has the Cheapest Renters Insurance in San Francisco?
Lemonade has the best cheap renters insurance in San Francisco, at $13 per month, on average.
Find Cheap Renters Insurance Quotes in San Francisco
Best cheap renters insurance in San Francisco
ValuePenguin editors considered rates, coverage options and customer satisfaction for four top companies to find the best renters insurance in San Francisco. All quotes are for a single 30-year-old woman who has $30,000 of personal property coverage, a $500 deductible and $100,000 in liability protection.
See the full methodology.
Cheapest renters insurance in San Francisco
Lemonade has the cheapest renters insurance in San Francisco, at an average of $13 per month.
That's 35% cheaper than the San Francisco average.
Progressive also has affordable coverage. Policies cost $17 per month, on average.
Allstate also has cheaper-than-average rates, at $18 per month. The company offers large discounts for customers who bundle their auto and renters insurance and for those age 55 and up.
Compare Cheap Renters Insurance in San Francisco
Cheap renters insurance quotes in San Francisco
Company | Monthly cost | ||
|---|---|---|---|
| Lemonade | $13 | |
| Progressive | $17 | |
| Allstate | $18 | |
| Assurant | $31 | |
Many insurance companies have stopped selling renters coverage in California in recent years. This trend is driven by factors like strict state-level rules about how much companies can charge, and an increase in natural disasters across California.
Best company for most San Francisco renters: Lemonade
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Editor's rating
- Cost: $13/mo
Lemonade has the cheapest renters coverage in San Francisco and a good reputation for customer satisfaction.
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Affordable rates
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Simple claims filing
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Fast online quotes
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Many coverage add-ons
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Only a few discounts
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Mixed customer service reputation
Lemonade has the cheapest renters insurance in San Francisco. Coverage costs $13 per month, on average. That's $4 per month cheaper than the next most affordable option, Progressive.
Lemonade's digital first approach makes it fast and simple to get a quote or file a claim. But, because Lemonade relies heavily on AI tools, dealing with a more complex claim may leave you frustrated.
That may be why Lemonade scores high for customer satisfaction according to a recent J.D. Power study. But, the company also gets significantly more complaints than an average company its size.
Best for extra coverage and discounts: Progressive
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Editor's rating
- Cost: $17/mo
Progressive offers many coverage add-ons and discounts.
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Affordable coverage
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Many discounts
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Personizable coverage options
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Low customer satisfaction
Progressive offers affordable rates, at $17 per month on average. That's 15% cheaper than the San Francisco city average.
Progressive lets you personalize your policy. You can choose to pay more to get extra coverage like coverage for mold, identity theft protection and higher liability limits.
Progressive coverage extras
- Identity theft protection
- Higher liability limits
- Earthquake coverage
- Valuable items
- Equipment breakdown
- Mold protection
- Flood insurance
You can get even cheaper coverage if you qualify for one or more of Progressive's discounts for renters insurance. For example, Progressive lets you save when you pay the full cost of your policy at the start of the term or when you get a quote at least three days before coverage starts.
All Progressive policies come standard with coverage that will pay for the full cost to replace the items you own, called replacement coverage. Most companies charge extra for this benefit and will only pay for the cost of what you own in its current condition.
Progressive has a poor reputation for service. The company ranked last for customer satisfaction according to a recent J.D. Power study. Progressive also gets far more complaints than an average company its size.
Best renters insurance in San Francisco for bundled coverage: Allstate
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Editor's rating
- Cost: $18/mo
Allstate offers a large discount to customers who bundle their renters and auto coverage.
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Affordable rates
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Good renters-auto bundling discount
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Discount of up to 25% for those 55 and older
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Poor customer service
Allstate offers customers a large bundling discount when they buy renters and auto insurance together. The company charges affordable rates. An average Allstate renters policy costs $18 per month in San Francisco.
Allstate also offers a discount of up to 25% for renters age 55 and up.
Allstate lets you personalize your coverage with several add-on options. You can include one or more of these coverage areas with your main policy when you buy coverage.
- Valuable items
- Umbrella insurance
The major drawback to Allstate is its poor customer service reputation. Allstate scored in the bottom half of renters insurance companies for customer satisfaction according to a recent J.D. Power study. The company also gets significantly more complaints than an average company its size.
What renters insurance coverage do I need in San Francisco?
Renters in San Francisco need protection from property crime, earthquakes and floods. A standard renters insurance policy will cover theft, but you may need a separate policy for floods and earthquakes.
Renters insurance will pay for stolen items up to your policy's limit. Your coverage even extends outside your house. For example, your policy might cover a theft that happens in a park or coffee shop.
Renters insurance doesn't cover damage caused by earthquakes.
You have to buy a separate policy to get earthquake coverage. It's a good idea to count up the cost of everything you own before looking at earthquake coverage for renters.
Earthquakes are rare, but devastating. That means it may be worthwhile to carry earthquake insurance if you own a lot of valuable property like artwork or high-end electronics.
Located on the San Andreas fault line, San Francisco has a history of powerful earthquakes including one in 1906 that destroyed 28,000 buildings. More recently, the 2014 South Napa earthquake caused estimated damage of up to $1 billion.
San Francisco is famous for its steep hills, which can contribute to flooding during periods of heavy rainfall. If you live in a ground floor or basement unit in a flood prone area, consider buying flood insurance for renters.
Frequently asked questions
Who has the cheapest renters insurance in San Francisco, California?
Lemonade has the cheapest renters insurance in San Francisco, at $13 per month, on average. Progressive also has affordable rates, at $17 per month, on average.
Who has the best renters insurance in San Francisco, CA?
Lemonade has the best renters insurance in San Francisco. The company scored high on customer satisfaction according to a recent J.D. Power study. Lemonade also has cheap rates and many coverage extras.
How much does renters insurance cost in San Francisco?
Renters insurance costs an average of $19 per month in San Francisco. That's in line with the California state average of $19 per month.
Methodology
ValuePenguin gathered quotes from four top insurance companies to find the best renters insurance in San Francisco. Rates are for a 30-year-old single woman living alone who doesn't have a history of filing insurance claims.
Quotes used the following coverage limits:
- Personal property: $30,000
- Personal liability: $100,000
- Medical payments: $1,000
- Loss of use: $9,000
- Deductible: $500
When available, ValuePenguin editors used each company's National Association of Insurance Commissioners complaint score and its J.D. Power and ValuePenguin editor's ratings.
About the Author
Senior Writer
Talon Abernathy is a ValuePenguin Senior Writer who specializes in health insurance, Medicare and Medicaid. He's also contributed to other insurance verticals including home, renters, auto, motorcycle and flood insurance.
Talon came to ValuePenguin in 2023. Since his arrival, he's helped to expand the site's health insurance-related content offerings. He enjoys helping readers understand the ins and outs of America's all too complicated health insurance landscape.
Before coming to ValuePenguin, Talon worked as a freelance writer. His prior work has touched on a broad range of personal finance-related topics including credit-building strategies, small business incorporation tactics and creative ways to save for retirement.
Insurance tip
In many parts of the country, you can qualify for a free Silver health insurance plan if you meet certain income requirements. Government subsidies in the form of premium tax credits and cost-sharing reductions may mean you'll pay nothing for coverage.
Expertise
- Health insurance
- Medicare and Medicaid
- Flood insurance
- Homeowners insurance
- Renters insurance
- Auto and motorcycle insurance
Referenced by
- The Miami Herald
- Money.com
- MSN
- Nasdaq
- The Sacramento Bee
- Yahoo! Finance
Education
- BA, University of Washington
- Certificate in Copyediting, UC San Diego
Credentials
- Licensed Life & Disability Insurance Agent
- Licensed Property & Casualty Insurance Agent
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.
