Table of Content
This may influence which products we write about and where and how the product appears on a page. We may earn revenue from the products available on this page and participate in affiliate programs. Many areas in the U.S. face devastating and costly flooding, but these events aren’t always declared federal disasters. Over the past 20 years, Californians have seen an average of about 13 declared disasters a year. In 2017, one of the busiest years for disasters, over 20 fires ripped through the state, and severe storms left flooding and mudslides in their wake. Some California counties have seen their wildfire risk skyrocket over the past 30 years, especially Sonoma, Napa and Marin counties.
Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. The content created by our editorial staff is objective, factual, and not influenced by our advertisers. Bankrate follows a strict editorial policy, so you can trust that we’re putting your interests first. However, flood insurance can be beneficial, especially if you live along the coast or in a flood zone. Home insurance covers the cost of additional living expenses if your home becomes uninhabitable after an insured loss, and you have to temporarily relocate. Homeownersinsurancecalifornia.com needs to review the security of your connection before proceeding.
Age of the house
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover. Leslie Kasperowicz is an insurance expert with four years of direct agency experience and over a decade of creating educational content to help insurance shoppers make confident, informed decisions.
These ratings indicate the level of confidence that AM Best has in the organization to continue meeting its obligations as an insurance provider. With that in mind, homeowners may want to look for an insurance company with a higher AM Best rating. Insurance premiums can vary from provider to provider as well, so it’s always a good idea to try to gather quotes from different companies on the same day to compare rates and find an affordable option. However, you can purchaseflood insurance as an additional coverage if your community is part of the National Flood Insurance Program. Most California homeowners should consider investing in an earthquake insurance policy.
How do I get homeowners insurance in California?
Review about the benefits of replacement cost instead of actual cash value. Consider replacement cost coverage for your home and belongings—you will get the amount you need to replace your home and items with new versions instead of a depreciated amount. Also not covered is “ordinance or law,” which means home insurance won’t pay to bring your home up to code but only to the condition it was in before the loss.
Replacement cost coverage does not account for depreciation when determining the value of covered possessions, so homeowners may receive a larger payout through USAA. The company also offers plenty of other policies beyond homeowners insurance for California residents to consider, including coverage for boats, classic cars, ATVs, and even personal aircraft. Using one insurance provider for all coverage needs could make it far easier for homeowners to manage their various policies.
Most & least expensive zip codes for homeowners insurance in California
Policyholders may also be able to purchase endorsements to either include or expand coverage for water backups, high-value possessions, sinkhole damage, or identity theft. The cost of home insurance in California also depends on where you live. Some cities have higher average rates than others, due to factors like crime, wildfire prevalence and home values. In the table below, you can see the average home insurance rates by company for a policy with $300,000 in dwelling and liability coverage, with a $1,000 deductible. Although the average cost of homeowners insurance in California is $1,284 per year, that figure varies depending on where you live. You’ll pay a bit more in Los Angeles, for instance, but less in San Jose.
When comparing what each insurance provider has to offer, prospective customers may want to look beyond premiums and rates and consider the total coverage that a company can deliver. In California, that may mean looking for insurance providers that can facilitate earthquake coverage in some capacity, for instance. Homeowners may want to take stock of the type and amount of coverage they need before starting to gather California home insurance quotes so they have a good sense of what to look for in an insurance policy. Despite those potential hurdles, there are plenty of reasons for homeowners to consider USAA for their insurance needs. For instance, the company offers replacement cost coverage with every homeowners policy, which is pretty uncommon for this type of insurance.
What is the best home insurance in California?
Hartford Fire Insurance Company and its affiliates are not financially responsible for insurance products underwritten and issued by Redpoint County Mutual Insurance Company. The Home Program is underwritten by Hartford Insurance Company of the Southeast. Lock Replacement Coverage helps pay up to $500 to replace locks if your key is lost or stolen, you’ll just have to pay the $100 deductible.
Companies with strong finances may be more likely to continue providing high-quality insurance coverage while also maintaining the resources to pay out claims without delay. Assessing the financial health of an insurance company is relatively easy, thanks to the ratings bestowed by AM Best. This organization is an independent credit rating agency that specializes in the insurance industry. After reviewing a company’s credit and finances, AM Best will give it a rating that can range from A++ on the high end to D on the low end.
Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey. All of our content is authored by highly qualified professionals and edited by subject matter experts, who ensure everything we publish is objective, accurate and trustworthy.
That’s why it’s important to have good insurance coverage so you know your home is as protected as possible. California providers should give the kind of coverage that allows homeowners to have peace of mind – and that’s what we strive to do. Power for overall satisfaction and several other categories, including policy offerings, billing and interaction.
Other cost factors to consider include the deductible that a policyholder selects; higher deductibles usually result in lower rates and vice versa. A policyholder with a track record for filing claims—even if they are entirely justifiable—may be assessed higher premiums than a homeowner who has never filed a claim. Companies may also offer discounts, such as a lower rate on policy bundles, that can help lower the cost of coverage. The best home and auto insurance in California may be able to cover a policyholder’s most expensive assets at an affordable rate.
To find the best home insurance in California for your needs, you'll have to shop around. Below we've provided everything you need to know to find the most affordable home insurance in California from the best companies. We live, work, play, and raise families here in California - and we provide high quality insurance to our customers all over this great state.
Our editorial team does not receive direct compensation from our advertisers. Our insurance team is composed of agents, data analysts, and customers like you. They focus on the points consumers care about most — price, customer service, policy features and savings opportunities — so you can feel confident about which provider is right for you.
Repair or replace your covered possessions, regardless of age or condition. Covers the medical expenses of people who are hurt while in your home or on your property, as well as damage you caused to others’ property. Also covers legal fees if you are sued by someone hurt in your home or on your property. These are sample rates generated through Quadrant Information Services. USAA also covers military uniforms without a deductible for those on active or reserve duty. Many or all of the products featured here are from our partners who compensate us.
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