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Whether you’re a new homeowner or looking to buy insurance for your current home, securing the right homeowners’ insurance is crucial. Rates may vary depending on your insurance company and the coverage limits you choose.

According to Insure.com’s data analysis, the average cost of homeowners insurance in California is $1,386 a year.

Continue reading to learn more about homeowners insurance rates in California by ZIP code and insurer.

Key Takeaways

  • Homeowners insurance costs an average of $1,386 a year, based on Insure.com analysis.
  • Of all the ZIP codes in California, 94087 has the most affordable home insurance rates at around $975 annually.
  • In California, Allstate provides the most affordable home insurance at an average annual premium of $839.

Average home insurance cost in California by coverage level

Homeowners insurance costs $1,386 a year in California for the coverage limits of $300,000 dwelling coverage and $100,000 liability with a $1,000 deductible.

If you raise the dwelling coverage limit from $300,000 to $400,000, the cost of homeowners insurance in California will increase to $1,057 per year for $100,000 in liability protection and a $1,000 deductible. Below, you’ll find the average cost of homeowners insurance in California for dwelling coverage limits of $300,000, $400,000, and $500,000.

Coverage Average annual rate Average monthly rate
200000 with 1000 Deductible and 100000 Liability and None Deductible$1,026$85
200000 with 1000 Deductible and 300000 Liability and None Deductible$1,043$87
300000 with 1000 Deductible and 100000 Liability and None Deductible$1,386$116
300000 with 1000 Deductible and 300000 Liability and None Deductible$1,405$117
400000 with 1000 Deductible and 100000 Liability and None Deductible$1,752$146
400000 with 1000 Deductible and 300000 Liability and None Deductible$1,772$148
600000 with 1000 Deductible and 100000 Liability and None Deductible$2,573$214
600000 with 1000 Deductible and 300000 Liability and None Deductible$2,598$217
1000000 with 1000 Deductible and 100000 Liability and None Deductible$4,251$354
1000000 with 1000 Deductible and 300000 Liability and None Deductible$4,284$357

Homeowners insurance companies in California determine rates based on risk factors. When calculating premiums, they consider your location, claims history, credit history and coverage limits.

If your neighborhood has experienced many claims in the last few years, you can expect to pay higher home insurance rates than areas with few to no claims. Your credit score can also play a role in determining your home insurance costs.

According to S&P Global Market Intelligence’s RateWatch application, the average homeowners insurance premium for owner-occupied homes nationwide increased by over 11% in 2023.

Best homeowners insurance companies in California

It’s always wise to shop around and compare prices before you buy homeowners insurance. There are many factors that go into deciding the best homeowners insurance company.

We have compared the insurers in California using their NAIC score and AM Best rating and compiled a list of the best homeowners insurance in California. Based on the analysis, Travelers received the lowest NAIC score and A++ rating from AM Best. A lower NAIC score indicates fewer complaints relative to the company’s size, suggesting higher customer satisfaction.

Company Average annual premiumAM Best Rating NAIC Complaint IndexOverall score
Travelers$1,057A++0.545
Allstate$839A+0.94.68
Auto Club Enterprises (AAA)$1,300A+1.053.91
Nationwide$1,410A+0.873.87
State Farm$1,527A++0.953.72
CSAA Insurance (AAA)$1,309A1.233.7
Farmers$1,680A0.543.62
Mercury Insurance$1,388A2.352.83

Average homeowners insurance cost by company in California

Allstate has the cheapest homeowners insurance rates in California. Its average annual cost for California homeowners is $839. Travelers and Auto Club Enterprises (AAA) also offer affordable insurance.

By comparing homeowners insurance rates, you could save hundreds, if not thousands, of dollars annually.

The table below shows the average annual and monthly insurance rates for homeowners in California with $300,000 in dwelling coverage, $100,000 in liability coverage, and a $1,000 deductible.

Company Average annual rate Average monthly rate
Allstate$839$70
Travelers$1,057$88
Auto Club Enterprises (AAA)$1,300$108
CSAA Insurance (AAA)$1,309$109
Mercury Insurance$1,388$116
Nationwide$1,410$118
State Farm$1,527$127
Farmers$1,680$140
USAA$1,305$109

California homeowners insurance rates by ZIP code

Insurance providers in California factor in the risk of a given location when determining rates. ZIP codes with higher crime rates or frequent natural disasters are typically classified as high-risk, leading to increased premiums. Additionally, the cost of rebuilding or repairing homes in that area can affect your homeowners insurance costs.

To get the best deal on homeowners insurance rates in California, take the time to shop around and compare quotes from multiple insurers. Additionally, don’t forget to ask about potential discounts, like bundling policies or a smart home discount.

Most affordable ZIP codes for home insurance rates in California

Home insurance costs vary across different areas in California. What you pay for homeowners insurance depends on several factors, including your ZIP code. According to our data, the 94087 ZIP code has the lowest home insurance rates in California, at $975 annually or $81 per month.

Here are the homeowners insurance rates for some of the most affordable ZIP codes in California.

ZIP codeAverage annual rateAverage monthly rate
94087$975$81
94086$977$81
94085$979$82
95054$982$82
95053$984$82
95050$987$82
94043$988$82
95014$1,001$83
94040$1,004$84
94928$1,009$84

Most expensive ZIP codes for home insurance rates in California

Your ZIP code is a key factor in determining the cost of your homeowners insurance coverage. In California, certain areas have higher insurance premiums due to elevated crime rates, increased risk of natural disasters, and higher living costs.

92325 has the most expensive homeowners insurance rates in California at an average annual cost of $2,065.

Below, we’ve highlighted some of the most expensive ZIP codes in California for home insurance:

ZIP codeAverage annual rateAverage monthly rate
92325$2,065$172
92549$2,041$170
92317$2,040$170
92352$2,029$169
90290$2,027$169
92382$2,025$169
92321$2,022$168
91364$2,014$168
92391$2,010$168
92397$2,009$167

Home insurance rates vary from one city to another. But with Insure.com, finding the right home insurance policy is easy. Learn more about homeowners insurance costs for different cities below.

Home insurance rate trend in California

We analyzed home insurance rate trends in California and found that homeowners insurance rates experienced an overall increase of only 2% or $29, from 2022 to 2023.

The data below shows how much homeowners insurance rates have changed since 2019.

2019 rates2022 rates2023 rates
$1,144$1,357$1,386

To choose the right homeowners insurance, it’s important to conduct thorough research and compare rates from various insurers, as each evaluates risk differently. Comparing quotes from at least three companies can help you secure the most affordable coverage in California.

Resources & methodology

Source

S&P Global. “US homeowners insurance rates jump by double digits in 2023.” Accessed September 2024.

Methodology

Insure.com worked with Quadrant Information Service to get homeowners insurance data. We analyzed 20,739,560 insurance quotes from 82 national and regional insurance companies across 34,588 ZIP codes to determine the average premiums.

The insurance rates are based on a sample profile of a homeowner with good credit and the following coverage level:

  • $300,000 dwelling coverage
  • $100,000 liability protection
  • $1000 deductible

We have taken into account 3 important factors such as average annual cost, NAIC score and AM Best rating, to determine the list of best homeowners insurance companies. The quoted insurance rates are for comparison purposes, and your individual rates may vary.

How much is home insurance in other states

Alaska$1,695/Year
Alabama$3,131/Year
Arkansas$3,948/Year
Arizona$2,468/Year
Colorado$4,086/Year
Connecticut$2,205/Year
Washington, D.C.$1,327/Year
Delaware$1,366/Year
Florida$4,405/Year
Georgia$2,286/Year
Hawaii$593/Year
Iowa$2,642/Year
Idaho$1,950/Year
Illinois$3,044/Year
Indiana$2,969/Year
Kansas$4,826/Year
Kentucky$3,314/Year
Louisiana$3,576/Year
Massachusetts$1,622/Year
Maryland$1,707/Year
Maine$1,375/Year
Michigan$2,396/Year
Minnesota$2,399/Year
Missouri$3,528/Year
Mississippi$3,369/Year
Montana$3,265/Year
North Carolina$2,933/Year
North Dakota$3,134/Year
Nebraska$4,785/Year
New Hampshire$1,209/Year
New Jersey$1,506/Year
New Mexico$2,638/Year
Nevada$1,444/Year
New York$1,777/Year
Ohio$2,144/Year
Oklahoma$5,749/Year
Oregon$1,741/Year
Pennsylvania$1,886/Year
Rhode Island$1,932/Year
South Carolina$2,668/Year
South Dakota$3,374/Year
Tennessee$3,045/Year
Texas$3,844/Year
Utah$1,792/Year
Virginia$2,135/Year
Vermont$1,247/Year
Washington$1,596/Year
Wisconsin$1,648/Year
West Virginia$1,886/Year
Wyoming$1,885/Year
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Shivani Gite
Contributing Writer

 
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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.

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