The Cheapest and Best Homeowners Insurance in Rancho Cucamonga
The Cheapest Home Insurance Companies in Rancho Cucamonga
When it comes to choosing a home insurer, cost might be a major consideration for Rancho Cucamonga homeowners, because many companies offer the same basic coverages. MoneyGeek identified the following as the cheapest home insurance companies in Rancho Cucamonga, for $500,000 in dwelling coverage:
- ASI: $1,337 per year
- Allstate: $1,514 per year
While USAA is Rancho Cucamonga's second most affordable insurance provider, its policies are only available to current and former military personnel and their families, so we omitted the company from this list.
The cheapest companies for expensive homes in Rancho Cucamonga, with $2 million in dwelling coverage, are the following:
- ASI: $3,773 per year
- Allstate: $6,221 per year
You can observe how rates change, by modifying your dwelling coverage limits in the table below.
The Cheapest Home Insurance in Rancho Cucamonga, Ranked
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Personal property limits of $200,000 are included in all of the policies with initial baseline dwelling coverage, and personal property limits of $800,000 are included in all policies with dwelling coverage of $2 million. MoneyGeek notes that the liability coverage on all homeowners insurance policies is $100,000. If you live in another city, you may want to explore more home insurance options in California.
The Average Cost of Homeowners Insurance in Rancho Cucamonga for 2022
The average cost of home insurance in Rancho Cucamonga is $2,158 annually, but this amount varies significantly depending on the home's location, age, building type and other factors. In MoneyGeek’s study, the city’s average home insurance cost of $2,158 is higher than the state and national averages of $2,002 and $2,103, respectively.
Calculate the Cost of Home Insurance in Rancho Cucamonga
The cost of home insurance in Rancho Cucamonga is heavily influenced by the location of your home. Aside from that, how much dwelling coverage you get, how much personal property coverage you buy, your credit score and other considerations will all play a significant role in the price.
With MoneyGeek’s home insurance calculator, you can compare homeowners insurance quotes available in your city.
Home Insurance Calculator
These are annual estimates. Get a personalized quote to determine your costs.
The Best Home Insurance Companies in Rancho Cucamonga
When shopping for homeowners insurance in Rancho Cucamonga, cost should not be the only consideration. You should also consider the insurance company’s financial stability and customer service ratings. Chances are you’ll be filing a claim during a difficult time, so you want to select a company that can handle claims quickly and equitably.
Based on MoneyGeek’s rankings across a wide range of factors, such as affordability, user satisfaction and financial stability, the best homeowners insurance companies in Rancho Cucamonga are:
- Best Overall: USAA
- Runner-up: Allstate
Please note that USAA only offers its policies to veterans and military families.
In Rancho Cucamonga, USAA emerged as the best insurer in MoneyGeek’s study. The annual cost for homeowners insurance with USAA is $1,514. USAA also offers a variety of add-on coverages, including home rental coverage.
USAA offers earthquake and home rental coverage, which are not available from all insurers. For instance, if you’re living in Rancho Cucamonga, USAA can cover damages caused by earthquakes, an important consideration for any California homeowner.Read MoneyGeek's USAA home Insurance Review
Allstate is MoneyGeek’s second-best home insurance company in Rancho Cucamonga in terms of affordability, customer satisfaction and financial stability. Its policy cost is $1,550 annually and provides significant coverages similar to other insurance companies.
Allstate offers a variety of ad hoc coverages and discounts, including claim forgiveness, automatic payments, loyalty, and home buyer protection. For example, setting up automatic payments with this insurer can save you money.
All of these coverages are "add-ons," meaning they are added to your insurance, not included by default. If an insurance company happens to automatically add such coverages, it offers a cost-saving advantage.Read MoneyGeek's Allstate home Insurance Review
Cheapest Home Insurance Companies in Rancho Cucamonga for Newly Constructed Homes
Newly built homes in Rancho Cucamonga can be substantially less expensive to insure than older homes. Homes built with modern materials are more resistant to damage, so homeowners are less likely to file a claim, and if they do, newer materials are cheaper for the insurer to replace. The average cost to insure a newly constructed home is $1,665, compared to $2,158 for a home completed in 2000.
MoneyGeek found that the cheapest insurance companies in Rancho Cucamonga for those with new homes, with $500,000 in dwelling coverage, are:
- ASI: $859 per year
- Allstate: $1,398 per year
While USAA is the second cheapest, we’ve omitted it from this list, because it only offers coverage to veterans and military families.
The Cheapest Home Insurance in Rancho Cucamonga for New Homes, Ranked
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Cheapest Home Insurance Companies in Rancho Cucamonga if You Have a Lot of Personal Property
Homeowners insurance also covers damage to personal belongings kept in the home. The more personal property you want to protect, the higher your premium will be. Home insurance in Rancho Cucamonga costs an average of $2,465 for personal property limits of $500,000, compared to an average of $2,158 for $100,000 in personal property coverage limits.
The cheapest home insurance providers in Rancho Cucamonga for personal property coverage limits of $250,000 are:
- ASI: $1,453 per year
- Allstate: $1,606 per year
USAA is the second cheapest option in Rancho Cucamonga, but we did not include it in this list, because its coverage is available only to veterans and military families.
Cheap Companies in Rancho Cucamonga for Extra Personal Property Coverage
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Cheapest Home Insurance Companies in Rancho Cucamonga for High Deductibles
The cost of home insurance in Rancho Cucamonga can be greatly affected by the amount of deductible you choose. If you choose a higher deductible, you will pay more out of pocket if you file a claim, but your annual premium will be lower. Coverage with a $2,000 deductible costs an average of $1,860, whereas coverage with a $1,000 deductible costs an average of $2,158.
For consumers, the cheapest insurance companies in Rancho Cucamonga with $2,000 deductibles are:
- ASI: $1,212 per year
- Travelers: $1,385 per year
USAA offers the cheapest insurance in this category, but it’s available only to veterans and military families.
The Cheapest Companies in Rancho Cucamonga for High Deductibles, Ranked
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Cheapest Home Insurance Companies in Rancho Cucamonga if You Have Poor Credit
In California, insurance firms cannot use credit-based scores or your credit history for underwriting or to determine homeowners insurance prices. As a result, your credit will have no bearing on your ability to obtain or renew insurance, or on the amount of premiums you pay.
Getting Online Homeowners Insurance Quotes in Rancho Cucamonga
When shopping for homeowners insurance in Rancho Cucamonga, it's crucial to compare pricing and coverage levels between plans. Even for policies with the same basic coverage, cost can vary greatly from one company to the next. To obtain online quotes, you need the following information on hand:
- The replacement cost of your home: Construction expenses, square footage and the quality of materials and home features will all affect the replacement cost. To acquire an estimate for the replacement cost of your home, you’ll need to consult a building contractor or construction professional.
- The value of your personal property: Home insurers can cover the value of your personal property or items in addition to the value of your home. Know how much property coverage you need.
- Personal information: Your address, information about who lives in your home, insurance history and other details will be required.
- Information about your house: When it comes to your home, the insurer will want to know when it was built, how big it is, what safety devices you have and other details.
Homeowners Insurance in Rancho Cucamonga Analysis: Methodology
To calculate affordability scores, MoneyGeek assessed 13 home insurance companies in Rancho Cucamonga based on data obtained in cooperation with Quadrant and quotes acquired for a home with varying coverage levels.
The base homeowner profile was for a 2,500-square-foot home built in 2000 with $500,000 in dwelling coverage, $200,000 in personal property coverage, and $100,000 in liability coverage. A $1,000 deductible was included in the policies.
MoneyGeek also used J.D. Power's customer satisfaction ratings and quotes collected from homeowners with newly constructed homes, additional dwelling or personal property coverage needs, higher deductibles and poor credit scores.
About Mark Fitzpatrick