The Cheapest and Best Homeowners Insurance in San Jose
The Cheapest Home Insurance Companies in San Jose
Since most home insurance companies present similar standard coverages, price becomes an important selection factor for consumers.
For a policy with $500,000 in dwelling coverage, the cheapest home insurance companies in San Jose are:
- ASI: $1,088 per year
- Travelers: $1,127 per year
Your home insurance cost depends on how much coverage you buy. For instance, for expensive homes with dwelling coverage limits of $2,000,000, the two most affordable home insurance companies in San Jose are:
- ASI: $3,024 per year
- Travelers: $4,462 per year
Your dwelling coverage limits have a big impact on your policy’s premium, and certain companies may be cheaper for your needs. You can use the table below to see how the price changes when you adjust the dwelling coverage.
The Cheapest Home Insurance in San Jose, Ranked
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Our sample home insurance policies have an initial baseline dwelling coverage of $500,000 and personal property limits of $200,000. Personal property limits increase to $800,000 for policies with a dwelling coverage of $2,000,000. Liability coverage remains $100,000 regardless of dwelling coverage limits.
If you live somewhere else in the state, you can still compare home insurance rates in California as a whole.
The Average Cost of Homeowners Insurance in San Jose for 2021
The average home insurance cost in San Jose is $1,803 per year or approximately $150 per month. This is $199 lower than the state average of $2,002 and $300 less than the national average of $2,103.
Calculate the Cost of Home Insurance in San Jose
Many factors, including your neighborhood and the amount of dwelling and personal property coverage you purchase, determine your home insurance rates in San Jose. You can use MoneyGeek’s home insurance calculator to compare home insurance quotes in California.
Home Insurance Calculator
These are annual estimates. Get a personalized quote to determine your costs.
The Best Home Insurance Companies in San Jose
Besides cost, you should also consider customer service quality and financial stability while selecting a provider. The company should deliver prompt and efficient customer support to process and pay your claim quickly without hassle.
MoneyGeek’s research shows that the firms with the best homeowners insurance in San Jose are:
- Best Overall: USAA (available only to current and former military members and their families)
- Runner-up: Travelers
MoneyGeek’s exclusive scoring system ranks home insurance companies based on the criteria of affordability, financial stability and customer satisfaction.
USAA provides discounts to homeowners in San Jose for installing security systems and for remaining claim-free. Active military members are covered for the loss of their uniforms with no deductible applied. Homeowners in San Jose and other California cities can add earthquake coverage to their policy.
USAA serves only veterans, current military personnel and their families. It is MoneyGeek’s top choice in San Jose as it gets the highest score of 95.60 out of 100, with maximum marks for customer satisfaction and financial stability.Read MoneyGeek's USAA home Insurance Review
Travelers offers a range of unique coverages compared to other home insurers. One of these is additional coverage that shields you from damage caused by water backup and sump pump discharge. If you’re environmentally conscious, Travelers provides extra protection to cover the cost of repairing homes using green materials.
MoneyGeek’s top pick for San Jose is Travelers, with impressive scores for affordability and AM Best’s financial stability ratings. Travelers presents additional replacement cost coverage, which means even if the amount needed to replace your home exceeds your dwelling coverage, you’ll still be covered.Read MoneyGeek's Travelers home Insurance Review
Cheapest Home Insurance Companies in San Jose for Newly Constructed Homes
Newly constructed houses in San Jose are generally cheaper to insure as they use modern damage-resistant materials. This reduces the probability that homeowners will file a claim. It’s also easier for insurance companies to replace newer materials. Home insurance for a newly constructed home costs $1,419 on average, while the rate for a home built in 2000 is an average of $1,803 per year.
If you’re a homeowner with $500,000 in dwelling coverage for a newly constructed home, the two firms that can offer you the cheapest home insurance in San Jose are:
- ASI: $735 per year
- Travelers: $742 per year
The Cheapest Home Insurance in San Jose for New Homes, Ranked
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Cheapest Home Insurance Companies in San Jose if You Have a Lot of Personal Property
Home insurance coverage typically includes protection for personal property. If your personal property coverage amount is high, it will increase your home insurance premium. In San Jose, a standard home insurance policy with personal property limits of $250,000 costs $2,088, compared to $1,803 for a personal property coverage limit of $100,000.
For San Jose homes with $500,000 in dwelling coverage and personal property coverage limits of $250,000, the two cheapest home insurance companies are:
- ASI: $1,180 per year
- Travelers: $1,259 per year
Cheap Companies in San Jose for Extra Personal Property Coverage
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Cheapest Home Insurance Companies in San Jose for High Deductibles
The deductible is the amount you pay out of pocket to get your claim processed. Deductibles have an impact on your home insurance cost in San Jose.
For instance, a policy with a $2,000 deductible costs $1,566 on average, while the price of a policy with a $1,000 deductible is $1,803 on average. The higher the deductible, the lower your premium will be.
On average, the two carriers with the cheapest home insurance in San Jose for homeowners with a $2,000 deductible are:
- Travelers: $909 per year
- ASI: $993 per year
The Cheapest Companies in San Jose for High Deductibles, Ranked
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Cheapest Home Insurance Companies in San Jose if You Have Poor Credit
California regulations do not allow insurers to charge higher rates for those with low credit, so credit score is not a factor in calculating home insurance rates in San Jose.
Getting Online Homeowners Insurance Quotes in San Jose
Keep the following details about your house ready when you request an online home insurance quote:
- Home replacement cost – This is the cost it will take to rebuild your home using similar materials if it gets damaged. Your home’s replacement cost determines your dwelling coverage limits. MoneyGeek advises you to consult an independent appraiser or a building contractor to get a precise estimate.
- Personal property value – The value of your possessions will determine the personal property coverage limits.
- Personal information – Offer details like your address, insurance history and the number of people in your household, among other information.
- Home details - Give information about your home, including its size, age and whether any security devices have been installed.
Homeowners Insurance in San Jose Analysis: Methodology
The base profile of the average homeowner is someone who has a 2,500-square-foot home built in 2000, with dwelling coverage of $500,000, personal property coverage of 200,000 and liability coverage of $100,000. All policies have deductibles worth $1,000.
MoneyGeek analyzed home insurance quotes from 13 companies in San Jose using the data provided in partnership with Quadrant. We computed affordability using rates for a home with varying coverage levels and obtained customer satisfaction ratings from J.D. Power. Quotes were collected from homeowners with newly constructed residences, increased dwelling or personal property coverage, higher deductibles and poor credit scores to provide precise data for various situations.
About Mark Fitzpatrick
- Insurance Information Institute. "Background On: Credit Scoring." Accessed April 24, 2021.