The Best Cheap Homeowners Insurance in Lancaster, California for 2022: Quotes and Reviews

Home insurance can save a lot your of hard-earned money if your home is damaged and needs repairs. In Lancaster, California, the average cost of home insurance is $2,714 per year, or $226 monthly. The cheapest home insurer in Lancaster is USAA, but it only provides insurance policies to veterans and military families. The second cheapest is AAA, at $1,693 per year, while the most expensive is Chubb, at $5,594. If you shop around and compare quotes from different home insurers in the city, you can find the best deal and save up to $3,901 per year on your premium. If you’re looking for a combination of price and quality service, MoneyGeek also ranked the best homeowners insurance companies in Lancaster.

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Last Updated: 9/25/2022
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The Cheapest and Best Homeowners Insurance in Lancaster

The Cheapest Home Insurance Companies in Lancaster

Because most home insurance companies in Lancaster offer the same coverages and discounts, price is the best place to start when determining the appropriate policy for your home.

MoneyGeek found that the cheapest two insurance companies in Lancaster for average homeowners requiring baseline dwelling coverage are:

  • AAA: $1,693 per year
  • ASI: $1,698 per year

Though USAA is the cheapest insurer in the city, it offers its policies only to military families and veterans.

If you require dwelling coverage of around $2 million, then the cheapest options are:

  • ASI: $4,853 per year
  • Travelers: $7,124 per year

The MoneyGeek home insurance calculator can help you price policies according to different dwelling coverage limits.

The Cheapest Home Insurance in Lancaster, Ranked

Dwelling Coverage:

$500,000

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Insurance Rates

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Home insurance policies for Lancaster with a dwelling coverage limit of $500,000 include personal property coverage of $200,000, while policies with $2 Million in dwelling coverage include personal property coverage of $200,000. The liability coverage in Lancaster is $100,000, regardless of dwelling coverage.

If you live in another city, you can check home insurance policies in California.

The Average Cost of Homeowners Insurance in Lancaster for 2022

Lancaster$2,714
California$2,002
U.S.$2,103

In Lancaster, the average home insurance yearly premium is $2,714 while the state’s average is $2,002. Home insurance is more costly in Lancaster than in other California cities, and more expensive than the national average home insurance premium of $2,103.

Calculate the Cost of Home Insurance in Lancaster

The location of your home plays a pivotal role in determining your insurance policy premium. However, there are other factors — such as how much dwelling coverage you want to buy, how much personal property coverage you need and others — that affect the price of insurance policies in Lancaster.

You can use MoneyGeek’s home insurance calculator to compare home insurance quotes in Lancaster.

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Home Insurance Calculator

State

California

Dwelling Coverage

$500,000

Deductible

$500

Liability

$300,000

Personal Property

$100,000
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low end

on average

high end

These are annual estimates. Get a personalized quote to determine your costs.

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The Best Home Insurance Companies in Lancaster

When shopping for home insurance in Lancaster, you should evaluate the insurer’s customer service ratings and financial stability, in addition to the policy price. Filing a claim can be stressful, so look for insurers who are able to process claims immediately and without any hassle.

MoneyGeek has identified the top-rated home insurers in Lancaster as:

  • Best Overall: USAA
  • Runner-up: Travelers

We have ranked these insurers in the city by their affordability, financial stability, user satisfaction and reviews. Please note that USAA offers policies only to veterans and military families.


1
USAA
Score:100

5/5

Affordability

5/5

User Satisfaction

5/5

Financial Stability

Geek Quick Take
Geek Quick Take

USAA scores the highest points in customer satisfaction, financial stability and affordability in Lancaster. It offers a homeowners insurance policy for $1,496 per year, which is significantly lower than the average home insurance cost of $2,714 in the city. It also offers coverages like home rental, earthquake and others.

More About USAA

USAA offers earthquake coverage, which is important in California. This coverage helps cover your home against damages caused by earthquakes. The company also offers home rental coverage, which provides protection for you and your guests when you rent out a room or your entire house.

Read MoneyGeek's USAA home Insurance Review
2
Travelers
Score:92

4.9/5

Affordability

3.9/5

User Satisfaction

5/5

Financial Stability

Geek Quick Take
Geek Quick Take

Travelers rates highest in financial stability in Lancaster, yet remains affordable. Customer satisfaction ratings, however, are in the fair range. Travelers provides multiple coverages, including contents replacement cost, extended reimbursement and others. It also offers an energy efficiency upgrade, a rare coverage.

More About Travelers

This insurer offers green home coverage, which helps cover the costs to repair, replace or rebuild with green materials after a covered loss occurs. This insurer also offers certain unique discounts, such as claim forgiveness.

Read MoneyGeek's Travelers home Insurance Review

Cheapest Home Insurance Companies in Lancaster for Newly Constructed Homes

The premium to insure a newly built home will be less than the premium to insure an older home. Because new homes are built with modern materials that stand up to damage better, the probability of needing to file a claim is lower. In Lancaster, the average premium for a newly built home is $2,095, while a home built in 2000 has an annual premium of around $2,714.

The cheapest home insurance companies for newly built homes with dwelling coverage of $500,000 are:

  • ASI: $1,091 per year
  • Travelers: $1,145
The Cheapest Home Insurance in Lancaster for New Homes, Ranked

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Cheapest Home Insurance Companies in Lancaster if You Have a Lot of Personal Property

When you insure your home, your personal property is also covered. The standard dwelling coverage in the city includes personal property coverage of $200,000 for an average premium of around $2,714. However, if you increase the personal property coverage to $250,000, your premium will increase to $3,101 per year. The higher the property coverage limits, the higher the insurance premiums.

The cheapest insurance companies for higher personal property coverage in Lancaster are:

  • ASI: $1,846 per year
  • Travelers: $1,930 per year

While USAA is the cheapest option for homeowners requiring higher personal property coverage, it only offers its policies to present and retired military members and families.

Cheap Companies in Lancaster for Extra Personal Property Coverage

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Cheapest Home Insurance Companies in Lancaster for High Deductibles

Increasing your home insurance’s deductible amount can reduce your insurance premium. However, at the time of claim, you will pay more out of pocket. On average, a home insurance policy in Lancaster with a $2,000 deductible costs around $2,340, while a policy with the standard $1,000 deductible costs $2,714 annually.

The cheapest home insurance companies in Lancaster for an insurance policy with a $2,000 deductible are:

  • Travelers: $1,403 per year
  • ASI: $1,459 per year

USAA offers the cheapest policies for higher deductibles, but they are only available to veterans and military families.

The Cheapest Companies in Lancaster for High Deductibles, Ranked

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Cheapest Home Insurance Companies in Lancaster if You Have Poor Credit

California regulations dictate that insurers cannot charge you a higher premium if you have a poor credit score. In Lancaster, everyone pays comparable premiums, regardless of their credit score.

Getting Online Homeowners Insurance Quotes in Lancaster

To obtain online home insurance quotes in Lancaster, you will need certain information on hand:

  • Replacement cost of your home: Dwelling coverage limits depend on your home’s replacement cost. You should hire a building contractor or construction professional to get an estimate of your replacement cost. This is not the market value of the home, but the cost required to rebuild it.
  • Value of personal property you want to insure: The value of your items will determine appropriate personal property coverage limits.
  • Personal information: You’ll need to enter your address, information about who lives in your home, your insurance history and other details.
  • Information about your house: The insurer will ask about the age of your house, how big it is, what safety devices and precautions you have and more.
Insurance Rates

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Homeowners Insurance in Lancaster Analysis: Methodology

MoneyGeek analyzed home insurance premiums from 13 companies in Lancaster. The data and information were gathered in partnership with Quadrant and quotes were collected for a home with varying coverage levels to calculate affordability scores. The base profile was for a home with 2,500 square feet, built in the year 2000 with dwelling coverage of $500,000, personal property coverage of $200,000, liability coverage of $100,000 and a $1,000 deductible. Quotes were also collected for homeowners with newly constructed homes, increased dwelling or personal property coverage, higher deductibles and poor credit scores. We have gathered the customer satisfaction ratings from J.D. Power surveys.

About the Author


expert-profile

Mark Fitzpatrick is a senior content manager with MoneyGeek specializing in insurance. Mark has years of experience analyzing the insurance market and creating original research and content. He graduated from Boston College with a Bachelor of Arts and Johns Hopkins University with a Master of Arts.