The Cheapest and Best Homeowners Insurance in Fresno
The Cheapest Home Insurance Companies in Fresno
Insurance providers in Fresno typically offer the same core coverages. Thus, the cost of the policy can be a deciding factor for homeowners when picking the best homeowners insurance in Fresno.
Based on average rates, the cheapest homeowners insurance in Fresno for a policy with $500,000 dwelling coverage limits are:
- ASI: $1,268 per year
- Travelers: $1,283 per year
For Fresno homeowners looking for a policy with $2,000,000 dwelling coverage limits, the most affordable companies are:
- ASI: $3,559 per year
- AAA: $4,663 per year
Dwelling coverage limits affect how much your home insurance costs in Fresno. See how prices compare in the table below.
The Cheapest Home Insurance in Fresno, Ranked
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The policies with the initial baseline dwelling coverage have personal property limits of $200,000 and those with dwelling coverage of $2,000,000 have personal property limits of $800,000. The liability coverage limit for all policies is $100,000.
Homeowners living within the state but outside Fresno can also look for home insurance in California.
The Average Cost of Homeowners Insurance in Fresno for 2021
On average, Fresno homeowners spend $1,843 per year on home insurance. That is cheaper than the average cost of home insurance in both the state and the country. In comparison, the average rate in Fresno is $159 less than the state average of $2,002 and $260 cheaper than the national average of $2,103.
Calculate the Cost of Home Insurance in Fresno
Location affects the cost of home insurance. However, carriers use other determining factors in calculating homeowners insurance quotes in Fresno. These include the amount of dwelling coverage, personal property coverage limits and other individualized factors. To find the most accurate policy, make sure you compare personalized quotes. You can get started using MoneyGeek’s home insurance calculator.
Home Insurance Calculator
These are annual estimates. Get a personalized quote to determine your costs.
The Best Home Insurance Companies in Fresno
Cost plays a vital role in determining the best policy. However, you should also consider customer service experience and financial stability. You are likely to file a claim due to an unexpected incident. Find a company that can quickly and fairly process claims and is financially stable by doing your research.
MoneyGeek’s study found that the best homeowners insurance in Fresno is from:
- Best Overall: USAA (Only available to current and former military members and their families)
- Runner-up: Allstate
Scores were calculated based on affordability, user satisfaction and financial stability.
Earthquake damage is usually not covered by home insurance, but USAA allows Fresno homeowners to add it to their policy. The company offers discounts to policyholders who have protective security systems and those who remain claims-free. If you are an active service member, the loss of your uniforms is covered with no deductible applied.
USAA is MoneyGeek’s top pick in Fresno due to high ratings across all categories, including a perfect score in user satisfaction. However, only current and former military members or their families qualify for USAA policies.Read MoneyGeek's USAA home Insurance Review
Unique features make Allstate stand out. The company added Claim Rateguard, making sure that rates will not go up due to a claim. Policyholders who are claim-free can get a discount from Allstate even if they switch from another insurance carrier. If you want to add flood protection, an Allstate agent can help you purchase a policy.
High ratings across categories made Allstate the second-best company in Fresno. It is also the top pick for Fresno homeowners who do not qualify for USAA policies.Read MoneyGeek's Allstate home Insurance Review
Cheapest Home Insurance Companies in Fresno for Newly Constructed Homes
Fresno residents with newly constructed homes may have cheaper rates than those with older houses. That is because of the modern materials used, which are typically more resistant to damage and easier to replace. On average, the cost to insure a newly built home in Fresno is $1,437 per year. The average rate for homes built in 2000 is $1,843 per year.
If you are looking for cheap homeowners insurance in Fresno for a newly constructed home, the top options are:
- ASI: $819 per year
- Travelers: $850 per year
The Cheapest Home Insurance in Fresno for New Homes, Ranked
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Cheapest Home Insurance Companies in Fresno if You Have a Lot of Personal Property
Home insurance in Fresno also covers damages to personal property you keep in the insured house. As a result, you can get higher personal property coverage, but you will be paying higher annual premiums. For example, the average rate for a standard policy with personal property coverage limits of $500,000 is $2,102 per year compared to an average of $1,843 for personal property coverage limits of $200,000.
The most affordable options in Fresno for a home insurance policy with high personal property limits are:
- Allstate: $1,344 per year
- ASI: $1,375 per year
Cheap Companies in Fresno for Extra Personal Property Coverage
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Cheapest Home Insurance Companies in Fresno for High Deductibles
The cost of your deductible will affect your home insurance rates. Generally, higher deductibles lead to cheaper annual premiums because you will be paying more money out-of-pocket if you make a claim. For example, the cost of a policy with a $1,000 deductible is $1,843 per year on average. A $2,000 deductible will lead to an average rate of $1,601 per year.
The cheapest companies for a homeowners policy with high deductible in Fresno are:
- Travelers: $1,023 per year
- ASI: $1,153 per year
The Cheapest Companies in Fresno for High Deductibles, Ranked
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Cheapest Home Insurance Companies in Fresno if You Have Poor Credit
Fresno’s insurance providers cannot charge higher rates for homeowners with poor credit scores due to California state regulations. That means credit score is not a factor in calculating homeowners insurance quotes in Fresno.
Getting Online Homeowners Insurance Quotes in Fresno
Typically, insurance carriers in Fresno allow homeowners to get homeowners insurance quotes online, provided you can supply the following information:
- Home Replacement Cost – This is different from the market value of your home. It refers to the cost to rebuild your home, which will determine the appropriate dwelling coverage limits.
- Personal Property Value – Home insurance covers personal belongings you keep at home. The value of the items you want to be covered will determine your property coverage limits.
- Personal Information – Insurers need the policyholder’s personal information, such as their address, how many people live in the house, insurance history and other relevant details.
- Details about the House – Insurance carriers will ask when your house was built, how big it is and if there is a security system in place.
Homeowners Insurance in Fresno Analysis: Methodology
Average rates from 13 companies offering homeowners insurance in Fresno were analyzed. Data was provided in partnership with Quadrant. MoneyGeek used quotes for a home with varying coverage levels to calculate affordability scores. The customer service satisfaction ratings are based on J.D. Power surveys. Quotes were also collected for homeowners with newly constructed homes, increased dwelling or personal property coverage, higher deductibles and poor credit scores.
The base profile for this study is a 2,500-square-foot home built in 2000 with dwelling coverage of $500,000, personal property coverage of $200,000 and liability coverage of $100,000. Policies had a $1,000 deductible.
About Mark Fitzpatrick