The Cheapest and Best Homeowners Insurance in Moreno Valley
The Cheapest Home Insurance Companies in Moreno Valley
Most insurers in Moreno Valley offer similar coverage benefits, so when picking a home insurance policy, the cost is an important factor to consider.
In Moreno Valley, the cheapest homeowners insurance companies for the average home with $250,000 in dwelling coverage are:
- USAA: $1,474 per year (only available to current and former members of the military)
- Allstate: $1,576 per year
For expensive homes with $2,000,000 in dwelling coverage, the cheapest insurance companies in Moreno Valley are:
- ASI: $4,510 per year
- Allstate: $6,390 per year
You can use the table below to compare the rates for different dwelling coverage limits.
The Cheapest Home Insurance in Moreno Valley, Ranked
Scroll for more
All of these policies with the initial baseline dwelling coverage of $500,000 have personal property limits of $200,000, while all policies with dwelling coverage of $2 million have personal property limits of $800,000. The liability coverage for all policies is $100,000.
If you live elsewhere in California, you can look up California home insurance rates for the entire state.
The Average Cost of Homeowners Insurance in Moreno Valley for 2021
Homeowners in Moreno Valley pay an average of $2,243 yearly for home insurance. Compared to the state average of $2,002, Moreno Valley homeowners pay slightly higher rates. In addition, homeowners insurance in Moreno Valley costs approximately $140 more than the national average of $2,103 per year.
Calculate the Cost of Home Insurance in Moreno Valley
Homeowners insurance rates in Moreno Valley depend on various factors, including your location, the value of your personal property and the dwelling coverage limit. This means homeowners in the same location can pay vastly different rates depending on the other factors used in calculating home insurance costs.
You can use MoneyGeek’s home insurance calculator to compare home insurance rates in California.
Home Insurance Calculator
These are annual estimates. Get a personalized quote to determine your costs.
The Best Home Insurance Companies in Moreno Valley
When picking a home insurance policy, apart from affordability, it is also important to look at the insurer’s financial stability and customer satisfaction ratings. When filing a claim, you will want an insurer that settles claims promptly and fairly.
MoneyGeek’s study found that the best homeowners insurance companies in Moreno Valley are:
- Best Overall: USAA (only available for current and former military members)
- Runner-up: Allstate
MoneyGeek ranked the best home insurance companies in Moreno Valley based on the insurer’s affordability data, customer satisfaction ratings from J.D. Power and financial stability scores.
Apart from being the most affordable option in Moreno Valley, USAA offers homeowners comprehensive coverage benefits. This policy comes with optional earthquake damage coverage that many other insurers in the state do not offer. You can also get home-sharing coverage if you rent out a room in your home. Members of the military in active service also get deductible-free coverage against the loss of military uniforms.
With perfect scores across all key categories, including affordability, customer satisfaction and financial stability, USAA emerged as the best home insurance company in Moreno Valley. However, only current and former members of the military can purchase its policies.Read MoneyGeek's USAA home Insurance Review
Allstate offers the ideal combination of affordability and coverage. This policy comes with an optional Claim Rateguard that ensures that your premiums will not increase when you file a claim. This policy also offers homeowners discounts for being claims-free, meaning that homeowners with no claims in the past get an even more affordable rate for their home insurance.
Our runner-up pick, Allstate, scored high in affordability and customer satisfaction. This makes it the best option for Moreno Valley homeowners who are not eligible for a USAA policy.Read MoneyGeek's Allstate home Insurance Review
Cheapest Home Insurance Companies in Moreno Valley for Newly Constructed Homes
In Moreno Valley, newly constructed homes attract lower home insurance rates. This is mainly because newer construction materials tend to be more damage-resistant and readily available. On average, it costs $1,600 yearly to insure a newly constructed home in Moreno Valley, while an older home constructed in 2000 has an average premium of $2,243 per year.
For a newly constructed home with $250,000 in dwelling coverage, the cheapest insurance companies in Moreno Valley are:
- USAA: $1,051 per year (only available for military families)
- Allstate: $1,124 per year
The Cheapest Home Insurance in Moreno Valley for New Homes, Ranked
Scroll for more
Cheapest Home Insurance Companies in Moreno Valley if You Have a Lot of Personal Property
Homeowners insurance rates in Moreno Valley will vary depending on the value of your personal property. If the value of your property is low, you will pay less in premiums compared to someone who has more valuable personal property. A home insurance policy with personal property limits of $250,000 will cost $2,431 per year, while a policy with personal property limits of $100,000 costs an average of $2,243 yearly.
The cheapest insurance companies in Moreno Valley for homeowners with high personal property coverage limits of $250,000 are:
- USAA: $1,597 per year (only available for military families)
- Allstate: $1,708 per year
Cheap Companies in Moreno Valley for Extra Personal Property Coverage
Scroll for more
Cheapest Home Insurance Companies in Moreno Valley for High Deductibles
When buying home insurance in Moreno Valley, the deductible on the policy will impact the rates you pay. A higher deductible usually means that your annual premiums will be low, but you will have to pay more out of pocket when filing a claim. In contrast, a lower deductible means higher annual premiums. The average cost for a policy with a $2,000 deductible is $1,983 per year, while a policy with a $1,000 deductible costs $2,243 yearly.
For policies with high deductibles of $2,000, the cheapest insurance companies in Moreno Valley are:
- USAA: $1,303 per year (only available for military families)
- Allstate: $1,393 per year
The Cheapest Companies in Moreno Valley for High Deductibles, Ranked
Scroll for more
Cheapest Home Insurance Companies in Moreno Valley if You Have Poor Credit
In California, state regulations prohibit insurers from charging higher premiums for homeowners with a low credit score. This means that in Moreno Valley, your credit score will not affect the cost of your home insurance.
Getting Online Homeowners Insurance Quotes in Moreno Valley
If you would like to find out how much homeowners insurance costs in Moreno Valley, you can get home insurance quotes online. You will need to provide detailed information to the insurer, including:
- Personal information: Apart from your address, insurers need to know other personal details, including the number of occupants in your home, your insurance history and more.
- Details about your house: The size of your house and when it was built are among the factors used to calculate home insurance premiums. The insurer will also need to know if your house has any specific safety devices installed.
- The replacement cost of your home: The appropriate dwelling coverage limits for your home depend on the cost to rebuild it if rendered a total loss by a covered peril. You should consult with a construction professional to get an estimate.
- Personal property value: Home insurance rates rise proportionately with the value of personal items you want to cover. This means the insurer needs to know how much personal property you want to be covered under your home insurance policy.
Homeowners Insurance in Moreno Valley Analysis: Methodology
In this study, MoneyGeek analyzed home insurance rates from 13 insurance companies in Moreno Valley. Data was provided in partnership with Quadrant.
Affordability scores were calculated by collecting quotes for homes with varying coverage levels, while customer satisfaction ratings were drawn from J.D Power surveys.
We also collected quotes for homeowners with newly constructed homes, increased dwelling or personal property coverage and higher deductibles.
The base profile for a homeowner was a 2,500-square-foot home built in 2000 with a dwelling coverage limit of $500,000, personal property coverage of $200,000 and liability coverage of $100,000. Policies had a $1,000 deductible.
About Mark Fitzpatrick