The Best Cheap Homeowners Insurance in Oxnard, CA for 2021: Quotes and Reviews

Homeowners insurance in Oxnard, California, costs an average of $1,573 per year, or around $131 per month. Home insurance premiums differ considerably amongst insurance providers. At roughly $1,178 per year, Universal North America provides the cheapest homeowners insurance in Oxnard, while Hartford provides the most expensive plan at around $2,370 per year. You can save around $1,192 annually by comparing rates. MoneyGeek compared the top homeowners insurance companies in Oxnard to help you get the most affordable and high-quality coverage.

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The Cheapest and Best Homeowners Insurance in Oxnard

The Cheapest Home Insurance Companies in Oxnard

Most Oxnard insurance providers offer the same core coverages for home insurance plans. As a result, price is an important determinant in helping you choose a home insurance policy.

On average, the two companies provide the cheapest homeowners insurance in Oxnard based on a policy that provides $500,000 in basic dwelling coverage are:

  • Universal North America: $1,178 per year
  • AAA: $1,182 per year

The most affordable insurance providers for luxury homes protected by a $2 million dwelling coverage on a homeowners insurance policy in Oxnard are, on average:

  • ASI: $4,119 per year
  • Allstate: $5,079 per year

Remember, the level of coverage you select affects the cost of your home insurance policy. You can use the table below to see how the home insurance rates in Oxnard change when you adjust the dwelling coverage.

The Cheapest Home Insurance in Oxnard, Ranked

Dwelling Coverage:

$500,000

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MoneyGeek's sample home insurance plans for Oxnard include $500,000 in baseline dwelling coverage and $200,000 in personal property limits. Personal property limits increase to $800,000 for policies with $2,000,000 in home coverage. Regardless, all plans have $100,000 in liability coverage.

If you live in a different part of the state, you can compare home insurance rates in California from various insurance companies.

The Average Cost of Homeowners Insurance in Oxnard for 2021

Oxnard$1,573
California$2,002
U.S.$2,103

The average annual homeowners insurance rate in Oxnard is around $1,573 per year or $131 per month. This is much lower than California's average annual homeowners insurance cost of $2,002 and the national average of $2,103 per year.

Calculate the Cost of Home Insurance in Oxnard

Your home's location in Oxnard affects the cost of your home insurance policy. Aside from that, factors like the amount of dwelling coverage and personal property coverage you purchase will have an impact. MoneyGeek's home insurance calculator will help you compare rates from various insurers in your state.

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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.

The Best Home Insurance Companies in Oxnard

While cost is an important consideration when choosing a homeowners insurance policy in Oxnard, you should also think about the customer service experience and financial stability of the companies you're comparing. Since you're more likely to file a claim during a stressful time, a financially stable insurer will be able to cover the claim fairly and quickly as long as the claim is legitimate.

According to MoneyGeek’s research, the following companies provide the best homeowners insurance in Oxnard:

  • Best Overall: USAA (only serving current and former military members and families)
  • Runner-up: Nationwide

MoneyGeek assigned ratings to the companies based on their affordability, customer satisfaction and financial stability.


1
USAA
Score:98

4.8/5

Affordability

5/5

User Satisfaction

5/5

Financial Stability

Geek Quick Take
Geek Quick Take

USAA allows you to have earthquake damage as an add-on to your home insurance policy, unlike most other insurers in California. This will be beneficial if your home is in an earthquake-prone area of the city. If you're a USAA policyholder, you can get discounts for installing protective security systems in your home and staying claim-free.

More About USAA

USAA is our top pick for Oxnard, scoring high in a variety of categories, especially J.D. Power's customer satisfaction. However, the company only sells insurance to current and former military members and their family members.

2
Nationwide
Score:92

4.8/5

Affordability

4.3/5

User Satisfaction

4.5/5

Financial Stability

Geek Quick Take
Geek Quick Take

Better Roof Replacement is an option for Nationwide policyholders to cover the cost of damaged roofs and replacing them with improved materials. Nationwide allows its policyholders to add flood insurance as an add-on to their homeowners insurance policy and covers the costs incurred by flood-related damages.

More About Nationwide

Nationwide is the second-best in Oxnard carrier in Oxnard, with a high ranking in affordability. The company’s identity theft coverage is the perfect add-on to your home insurance policy to cover the costs incurred by loss of personal data.

Read MoneyGeek's Nationwide home Insurance Review
3
Allstate
Score:92

4.9/5

Affordability

4.2/5

User Satisfaction

4.5/5

Financial Stability

4
State Farm
Score:89

4.4/5

Affordability

4.1/5

User Satisfaction

5/5

Financial Stability

5
Travelers
Score:88

4.5/5

Affordability

3.9/5

User Satisfaction

5/5

Financial Stability

6
ASI
Score:85

4.5/5

Affordability

3.7/5

User Satisfaction

4.5/5

Financial Stability

7
AIG
Score:85

4.5/5

Affordability

4/5

User Satisfaction

4/5

Financial Stability

8
AAA
Score:84

5/5

Affordability

3/5

User Satisfaction

4/5

Financial Stability

9
Universal North America
Score:82

5/5

Affordability

3/5

User Satisfaction

3.5/5

Financial Stability

10
MetLife
Score:81

3.9/5

Affordability

4/5

User Satisfaction

4.5/5

Financial Stability

11
Farmers
Score:78

3.5/5

Affordability

4.6/5

User Satisfaction

4/5

Financial Stability

12
Chubb
Score:78

3.5/5

Affordability

3.8/5

User Satisfaction

5/5

Financial Stability

13
The Hartford
Score:76

3/5

Affordability

4.7/5

User Satisfaction

4.5/5

Financial Stability

Cheapest Home Insurance Companies in Oxnard for Newly Constructed Homes

In Oxnard, it's cheaper to insure newly built homes than the ones that are older. The use of modern materials in newly built homes keeps them highly resistant to damage. Insurers believe that new homeowners are less likely to file claims, so they are offered lower insurance rates. Besides that, they find it easier to replace new construction materials.

A newly built home in Oxnard costs an average of $1,122 per year to insure, compared to around $1,573 for a home built in 2000.

On average, the two cheapest homeowners insurance providers in Oxnard that provide $500,000 in dwelling coverage for newly constructed homes are:

  • Universal North America: $840 per year
  • AAA: $842 per year
The Cheapest Home Insurance in Oxnard for New Homes, Ranked

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

The home insurance policy you purchase will cover both the structure of your home and the personal property you wish to insure. The more personal property you insure, the higher your insurance premium will be.

On average, a standard home insurance policy with personal property limits of $250,000 will cost Oxnard residents $1,704 per year. A $100,000 personal property coverage limit, on the other hand, will cost you $1,573 per year on average.

The two cheapest home insurance providers in Oxnard for homes with a $500,000 dwelling coverage and high personal property limits are, on average:

  • Universal North America: $1,276 per year
  • AAA: $1,280 per year
Cheap Companies in Oxnard for Extra Personal Property Coverage

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Cheapest Home Insurance Companies in Oxnard for High Deductibles

Your home insurance policy includes a deductible, which is the amount you pay out of pocket when filing a claim. The policy deductible you choose for your home insurance will affect how much your insurance costs in Oxnard. The higher the deductible for your insurance, the lower your home insurance cost will be.

For Oxnard residents, a home insurance policy with a $2,000 deductible costs $1,391 per year on average, while a policy with a $1,000 deductible costs $182 more at around $1,573 per year.

On average, the following two companies provide the cheapest homeowners insurance in Oxnard for homes with a $2,000 deductible:

  • Universal North America: $1,041 per year
  • AAA: $1,045 per year
The Cheapest Companies in Oxnard for High Deductibles, Ranked

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Cheapest Home Insurance Companies in Oxnard if You Have Poor Credit

Based on California's state law and regulations, your credit score doesn't affect your homeowners insurance rates in Oxnard. Insurers in the city do not use your credit score for calculating your insurance rates.

Getting Online Homeowners Insurance Quotes in Oxnard

Before they can provide you with a more accurate homeowners insurance quote in Oxnard, insurance companies will request a lot of particulars from you, including the following:

  • Home replacement cost: This is the estimated cost it takes to restore your home to its original condition if it is damaged due to a covered risk. The dwelling coverage for your home insurance is also determined by the replacement cost of your home. By hiring a construction specialist, appraiser or building contractor, you can get an estimate of this cost.
  • Personal property value: The estimated value of the personal property you want to protect determines the personal property coverage limit in your home insurance policy.
  • Personal information: Personal details such as your home address, insurance claim history and the number of people in your household will be required to personalize your home insurance.
  • Details about your home: In order to provide you with a more accurate quotation, insurers consider details about your home, such as its age, size and any built-in security features.
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Homeowners Insurance in Oxnard Analysis: Methodology

For this analysis, MoneyGeek used Quadrant's data to compare home insurance rates from 13 insurers in Oxnard. We looked at several levels of home insurance coverage for a home to calculate the affordability score of companies. J.D. Power customer satisfaction surveys were also utilized in this study.

The baseline profile for this study is that of an average homeowner with a 2,500 square-foot house built in 2000. The homeowner's insurance policy includes $500,000 in dwelling coverage, $200,000 in personal property coverage and $100,000 in liability coverage. Regardless, the deductible on all of the plans under consideration is $1,000.

The research also evaluated homeowner profiles with newly built homes, increased dwelling or personal property coverage, higher deductibles and low credit scores.

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.