The Cheapest and Best Homeowners Insurance in Anaheim
The Cheapest Home Insurance Companies in Anaheim
The most important factor to consider when purchasing a homeowners insurance policy is its cost, because most companies offer the same core coverages at differing prices.
In Anaheim, the most affordable homeowners insurance policies with $500,000 in dwelling coverage are provided by:
- Allstate: $1,187 per year
- ASI: $1,338 per year
A more expensive home will generally require higher dwelling coverage limits. This raises insurance premiums to quite an extent. You will find the cheapest homeowners insurance with $2,000,000 in dwelling coverage from:
- ASI: $3,768 per year
- Allstate: $4,813 per year
Use the table below to see how rates change based on dwelling coverage limits.
The Cheapest Home Insurance in Anaheim, Ranked
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Regardless of dwelling coverage, all the rates mentioned above have a liability limit of $100,000. However, higher dwelling coverages come with higher personal property coverage. For instance, a policy with dwelling coverage of $250,000 includes personal property limits of $100,000, while a policy with dwelling coverage of $2,000,000 includes $800,000 in personal property coverage.
California residents living outside of Anaheim can compare the best homeowners insurance within the state to find the cheapest rates.
The Average Cost of Homeowners Insurance in Anaheim for 2022
The average cost of homeowners insurance in Anaheim is $1,873 yearly, or $156 per month. This is slightly cheaper than both the state and national averages which are roughly $2,002 and $2,103, respectively.
Calculate the Cost of Home Insurance in Anaheim
In addition to location, insurers consider your dwelling coverage limits and personal property coverage needs when determining premiums.
To get a general idea of homeowners insurance rates, you compare quotes using MoneyGeek’s calculator.
Home Insurance Calculator
These are annual estimates. Get a personalized quote to determine your costs.
The Best Home Insurance Companies in Anaheim
When shopping for the best homeowners insurance, it’s important to consider a company’s record of customer service and financial stability. These are critical indicators of how quickly and efficiently your claims will be processed down the line.
MoneyGeek’s top picks for the best homeowners insurance in Anaheim are:
- Best Overall: USAA
- Runner-up: Allstate
Please note that USAA policies are offered only to current and former military personnel.
To come up with these rankings, MoneyGeek used a unique scoring system based on affordability, user satisfaction and financial stability.
While USAA ranks at the top based on affordability and customer service, you need a military background to qualify for its policies. The company offers earthquake add-on insurance, of particular importance in California.
Most insurers in California don’t include earthquake damage coverage in their homeowners insurance offerings, due to the high risk of earthquakes in the state. USAA provides earthquake coverage, as well as home sharing coverage for those who rent out a room or their entire house.Read MoneyGeek's USAA home Insurance Review
Our runner-up for the best homeowners insurance in Anaheim is Allstate. It ranks the best in terms of affordability and provides top notch customer service. The company offers several attractive cost-saving options.
With Allstate’s claim rate guard option, policyholders are protected against premium increases after filing a claim. By being claims-free, policyholders can decrease their deductible by $100 each year, up to $500. Allstate agents can also assist you in buying flood protection coverage through the National Flood Insurance Program.Read MoneyGeek's Allstate home Insurance Review
Cheapest Home Insurance Companies in Anaheim for Newly Constructed Homes
Home insurance rates for policyholders with newly constructed homes tend to be less than rates for owners of older homes. Those with newly constructed homes are less likely to file a claim, because modern construction materials are more resistant to damage. And when damaged, modern construction materials are easier to find and replace.
A newly constructed home in Anaheim costs an average of $1,071 per year to insure, significantly less than the $1,873 it costs to insure a home built in 2000.
Companies offering the cheapest homeowners insurance with $500,000 in dwelling coverage for newly-constructed homes in Anaheim are:
- ASI: $869 per year
- Allstate: $924 per year
The Cheapest Home Insurance in Anaheim for New Homes, Ranked
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Cheapest Home Insurance Companies in Anaheim if You Have a Lot of Personal Property
Included in your home insurance policy is personal property coverage, which covers the personal belongings within your home in the event of damage or loss. If you own high-value items, you should purchase a policy with a higher personal property limit. In Anaheim, a standard policy with personal property limits of $250,000 costs an average of $2,149, compared to $589 for $100,000 in personal property limits.
Based on MoneyGeek’s research, the following companies offer the cheapest homeowners insurance policies with higher personal property limits:
- Allstate: $1,232 per year
- ASI: $1,455 per year
Cheap Companies in Anaheim for Extra Personal Property Coverage
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Cheapest Home Insurance Companies in Anaheim for High Deductibles
The deductible amount you select when purchasing your home insurance policy will have a significant effect on your premium. If you choose a lower deductible, your premiums will be higher, but you will pay less in terms of out-of-pocket costs if you make a claim.
A policy with a $2,000 deductible costs an average of $1,617, while a policy with a $1,000 deductible can cost as little as $589 yearly.
If you prefer a high deductible, the following insurers offer the cheapest options:
- Travelers: $1,111 per year
- Allstate: $1,116 per year
The Cheapest Companies in Anaheim for High Deductibles, Ranked
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Cheapest Home Insurance Companies in Anaheim if You Have Poor Credit
Unlike in many other states, insurance companies in California cannot consider a person’s credit score when determining premiums. If you have poor credit, you don’t have to worry about paying higher insurance rates in Anaheim.
Getting Online Homeowners Insurance Quotes in Anaheim
Before going online for insurance quotes, you should have a variety of information on hand. Commonly asked questions include:
- Personal information: You will need to provide your address, the number of people who live in your home, your home insurance history and more.
- Details about your house: Insurers will ask when your house was built, its size in terms of square footage and whether you have installed any safety or security devices.
- The replacement cost of your home: You must be able to provide an estimate of how much it would cost to rebuild your home, which will help determine your dwelling coverage limits. You may consult a construction professional to get an estimate.
- The value of your personal property: You will need to provide an estimate of the value of the personal belongings in your home. This will help determine your personal property coverage limit.
Homeowners Insurance in Anaheim Analysis: Methodology
MoneyGeek analyzed home insurance rates from 13 insurance companies in Anaheim. Data for this analysis was provided in partnership with Quadrant. Quotes were collected for homes with varying coverage levels to calculate affordability scores. In this analysis, the base profile was for a home of 2,500 square feet, built in the year 2000 with dwelling coverage of $250,000, personal property coverage of $100,000 and liability coverage of $100,000. All policies had a $1,000 deductible. Quotes were also collected for homeowners with newly constructed homes, higher dwelling or personal property coverage limits, higher deductibles and poor credit scores. Customer satisfaction ratings were drawn from J.D. Power surveys.
About Mark Fitzpatrick