The Cheapest and Best Homeowners Insurance in Long Beach
The Cheapest Home Insurance Companies in Long Beach
Cost should be your top consideration when shopping for the best homeowners insurance, because most providers tend to offer the same core coverages, but at very different price points.
In Long Beach, the cheapest insurance providers offering $500,000 in dwelling coverage are:
- Allstate: $1,090 per year
- ASI: $1,242 per year
The average cost of insurance premiums changes when you need higher dwelling coverages, such as in the case of more expensive homes.The cheapest insurers for residents with high-value homes who need $2,000,000 in dwelling coverage are:
- ASI: $3,480 per year
- Allstate: $4,373 per year
The data table below illustrates how rates change depending on dwelling coverage limits.
The Cheapest Home Insurance in Long Beach, Ranked
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A baseline dwelling coverage of $500,000 includes $100,000 in personal property coverage, while a policy with dwelling coverage of $2,000,000 comes with personal property coverage limits of $800,000. Regardless of dwelling coverage, all the rates mentioned have a liability limit of $100,000.
If you live outside of Long Beach, you can still find the best homeowners insurance in California using MoneyGeek’s expert analysis.
The Average Cost of Homeowners Insurance in Long Beach for 2022
In Long Beach, the average cost of homeowners insurance is $2,050 per year, or $171 if you opt for monthly payments. This rate falls midway between the state and national averages. California residents, on average, pay about $2,002 yearly for homeowners insurance, which is cheaper than the national average rate of $2,103.
Calculate the Cost of Home Insurance in Long Beach
Insurers take into account many factors when computing your homeowners insurance premium. In addition to your home’s location, insurers consider your dwelling and personal property coverage needs.
Compare quotes using MoneyGeek’s calculator to find the best rates in California.
Home Insurance Calculator
These are annual estimates. Get a personalized quote to determine your costs.
The Best Home Insurance Companies in Long Beach
In addition to policy cost, Long Beach homeowners should evaluate an insurer’s customer service ratings and financial stability when shopping for homeowners insurance. Chances are you’ll be filing a claim during a stressful time, so you want to choose a company that processes claims quickly and efficiently.
Based on MoneyGeek’s research, the best homeowners insurance companies in Long Beach are:
- Best Overall: USAA
- Runner-up: Allstate
Please note that USAA policies are offered only to current and former military personnel.
We based these company rankings on affordability, user satisfaction and financial stability.
USAA ranks highest based on affordability, customer service ratings and financial stability. However, its policies are only available to current and former military personnel. The company offers earthquake coverage in California, a rare add-on among insurers in the state.
Most insurers in California exclude earthquake damage coverage from their homeowners insurance offerings, but USAA gives you the option to add it to your policy. Homeowners can also take advantage of the company’s many discounts, including one for being claims-free.Read MoneyGeek's USAA home Insurance Review
Allstate also ranks high in terms of affordability, financial stability and customer service. The company offers several attractive add-on options.
Allstate offers a claim rate guard option, which guarantees that your premiums won’t increase if you file a claim. Its agents can also assist you in purchasing flood protection coverage through the National Flood Insurance Program (NFIP). In addition, Allstate also offers discounts for being claims-free.Read MoneyGeek's Allstate home Insurance Review
Cheapest Home Insurance Companies in Long Beach for Newly Constructed Homes
Generally, newer homes in Long Beach are cheaper to insure than older ones. Homes made with modern construction materials are more resistant to damage, which reduces the risk that a policyholder will file a claim. Newer building materials are also easier to find and replace if damage does occur.
Homeowners in Long Beach should expect to pay $1,587 per year to insure a newly constructed home, compared to $2,050 to insure a home built in 2000.
The following companies offer the most affordable homeowners insurance policies with $500,000 in dwelling coverage for newly built homes in Long Beach:
- ASI: $783 per year
- Travelers: $848 per year
The Cheapest Home Insurance in Long Beach for New Homes, Ranked
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Cheapest Home Insurance Companies in Long Beach if You Have a Lot of Personal Property
Personal property coverage is included in your home insurance policy. You can opt to increase your coverage limits if you own large amounts of personal property or have high-value items, but this will also increase your premium. In Long Beach, a standard policy with personal property limits of $250,000 costs an average of $2,328, whereas a policy with $1000,000 in personal property limits costs $2,050.
MoneyGeek’s research identified the following companies as offering the cheapest homeowners insurance policies with higher personal property limits:
- Allstate: $1,141 per year
- ASI: $1346 per year
Cheap Companies in Long Beach for Extra Personal Property Coverage
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Cheapest Home Insurance Companies in Long Beach for High Deductibles
Your deductible can have a huge impact on the cost of your homeowners insurance. If you choose a lower deductible, you will pay less in terms of out-of-pocket costs when you make a claim, but your premium will be higher.
A policy with a $2,000 deductible costs an average of $1,758, compared to $2,050 for a policy with a $1,000 deductible.
The insurers in Long Beach offering the cheapest policies with high deductibles are:
- Allstate: $1,027 per year
- Travelers: $1,028 per year
The Cheapest Companies in Long Beach for High Deductibles, Ranked
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Cheapest Home Insurance Companies in Long Beach if You Have Poor Credit
In California, insurance companies cannot consider a homeowner’s credit score to calculate home insurance premiums. Long Beach homeowners with poor credit scores should expect to pay the same rates as homeowners with good credit.
Getting Online Homeowners Insurance Quotes in Long Beach
To conveniently get insurance quotes online in Long Beach, you should be ready with the following information:
- Personal information: This includes your address, the number of people who live in your home, your home insurance record and other details.
- Details about your house: You will need to know when your house was built, its square footage, whether you have any safety devices in your home and more.
- The replacement cost of your home: This is an estimate of how much it would cost to rebuild your home and should not be confused with its market value. Insurers use this information to determine your dwelling coverage limits.
- The value of your personal property: The value of your personal belongings will help determine your personal property coverage limit.
Homeowners Insurance in Long Beach Analysis: Methodology
MoneyGeek analyzed home insurance rates from 13 insurance companies in Long Beach. Data for this analysis was obtained 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 with 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