Thousands of California citizens are looking to purchase their dream home. However, many forget that purchasing a homeowners insurance policy in CA is a must! It is your responsibility to cover your home with insurance. You will definitely need it in order to cover your home against raging California wildfires and earthquakes!
While searching for California homeowners insurance, many will realize that a majority of California’s cities are located in the Los Angeles, San Francisco, and the San Diego area. It is equally as important to be aware of California homeowners insurance rates in these areas.
Average California Homeowners Insurance Rates
So how much is homeowners insurance in California? Due to California’s large population, you would be quick to believe that you are stuck with overly expensive premiums. However, that is not the case. The price of home insurance will differ by city. For an average sample home, the cost of a 1-year insurance policy is $820. Be sure to compare different home quotes in order to find the best rate for you.
The cheapest California homeowners insurance quotes are typically $576, which is 22% below the state average. While cheaper may sound more appealing, try to collect a few California homeowners insurance quotes and find the best policy for your budget.
|Rank||City||Average Rate||vs State Average|
|2||San Luis Obispo||$598||-24%|
There are many factors that will lead to more expensive coverage here in California. It can be anything from the population, crime rate, or location along the coast. Recent studies have found that the most expensive rates are found around Los Angeles. These rates are an estimated $978 a year.
|Rank||City||Average Rate||vs State Average|
If you are looking to avoid expensive rates in California, be sure to shop and compare different California homeowners insurance quotes. On average, residents will pay up to $773. However, remember these rates will vary by location. The chart below shows the best homeowners insurance companies for California residents. Keep these companies in mind when it comes time to shop around.
Standard home insurance policies will not cover your home against earthquake damage. California has the highest seismic activity than any other state. Residents need to consider extra protection for their home. Based on where you live, this insurance could double the cost of your premium.
Let’s discuss individual rates by city here in California. This will help give you a better understanding of the rates found in your city.
CA Rates By City
Are you looking for homeowners insurance Los Angeles buyers want? Unfortunately, Los Angeles is not a safe city to live in which will make premiums more expensive. California homeowners insurance quotes collected show an average rate of $969.
San Diego is one of California’s major cities. This city is also known for its vulnerability to wildfires. It is crucial to cover your home against fire damages. Be sure to read the fine details of your policy when it comes to fire damage. The annual rate of home coverage here is $692.
San Jose is the third largest city in California. Recently this city has experienced a huge population increase. Residents here will pay around 5% less for coverage, compared to the state average. Average home rates for San Jose are $719.
San Francisco is the financial center of the Northern part of California. If you live in this city, you should definitely think about extra coverage. This is due to the city’s earthquake activity. If you are looking for home coverage here, it’s approximately $882.
Fresno is the largest inland city in California. It also boasts the highest crime rates in the entire state. This is the main factor that will affect your homeowners insurance rates in California. Be aware of this when you begin to shop for coverage. California homeowners insurance quotes here are approximately $762.
Sacramento is the capital of California. It is ranked as one of the best cities to purchase homeowners insurance in California. An average home insurance policy here is an estimated $747.
Long Beach is the second largest city in the Greater Los Angeles Area. Due to its population, crime rates here are also higher than usual. Therefore expect higher rates. Long Beach rates are approximately $758.
Oakland is a West Coast port city in California. Due to the city being along the coast, your home will be vulnerable to more risks. The average annual rate here for homeowners insurance is $893.
Bakersfield was officially incorporated as a city in 1873. Customers here can save up to $200 dollars by shopping around and collecting more than one quote. California homeowners insurance quotes show us coverage is an estimated $781.
Anaheim was founded in 1857. Residents here in the city can find great coverage. If you are looking for home insurance coverage for Anaheim the average price is $736.