California Homeowners Insurance Calculator: Free Cost Estimator (2023)
By, Content Director
Home Insurance Calculator
These are annual estimates. Get a personalized quote to determine your costs.
MoneyGeek compared average home insurance rates in California to help you find the cheapest homeowners insurance in California. Our research found that Allstate is the cheapest company overall for home insurance in California.
We also ranked the companies offering an exceptional balance of cost and quality service to help you find the best homeowners insurance in California.
TABLE OF CONTENTS
How to Estimate the Cost of Your Homeowners Insurance Policy in California
The cost of homeowners insurance in California depends on factors like your dwelling coverage, the value of personal property and more. To calculate home insurance costs for your profile, you will need to evaluate these factors to get a personalized estimate.
MoneyGeek’s California home insurance calculator makes it easy to get an estimate by inputting the following criteria to get a personalized estimate based on your needs.
Homeowners insurance rates vary depending on where you live due to state-specific factors like crime rates, risks of natural disasters and other factors. Residents in states with more risks will typically pay higher rates for homeowners insurance. Compared with other states, California is one of the cheapest states for homeowners insurance.
Dwelling coverage refers to the amount of money it would take to rebuild your home as it is. The higher the dwelling coverage of your home, the more your home insurance costs will be. Factors like the age, size and other features of your home will determine the appropriate dwelling coverage amount. The average dwelling coverage amount for California is $500,000.
Your deductible is how much you pay out of pocket when filing a homeowners insurance claim. A home insurance policy with a low deductible means you’ll pay higher premiums. Conversely, policies with higher deductibles usually cost less in premiums. However, you’ll have to pay the higher deductible amount if you file a claim.
Liability insurance protects you in case a third party or their property is injured or damaged in your home. This coverage pays for things like medical expenses and legal costs incurred if a suit is filed against you. You can add tens of thousands of dollars to your liability insurance for just a few extra dollars, so it is important to get sufficient liability insurance.
If your personal effects like furniture, electronics or other belongings are lost or damaged, your home insurance will reimburse you under the personal property coverage aspect of your policy. The higher the value of your personal property, the more costly your homeowners insurance will be. To get an estimate of how much personal property coverage you need, you can use the personal property calculator below.
Homeowners insurance companies in California are not allowed to use credit scores to determine your rates.
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Average Cost of Home Insurance in California
Compared with other states, the average home insurance cost in California is significantly cheaper. Homeowners in the state pay up to 55% less than the national average. For dwelling coverage of $250,000, most homeowners in California will pay an average of $1,094 per year. This is the fifth-cheapest rate among all states.
To get average costs based on your dwelling coverage, you can look up rates for different coverage limits in California in the table below.
Average Annual Premium in California for Homeowners Insurance
Dwelling coverage is the amount you will be reimbursed if you need to rebuild your home. It refers to the replacement cost of your home, which should fully cover the cost of rebuilding your home.
The appropriate dwelling coverage for your home depends on factors like the size, age and other features of your home, like the building materials used. Your insurer can help you get an estimate of your dwelling coverage. Alternatively, you can get an estimate from an appraiser.
For additional security, investing in extended replacement cost, inflation guard coverage or guaranteed replacement cost is advisable.
Average Cost of Home Insurance in California Cities
The average cost of home insurance in California can vary depending on your city. Some cities might be more costly for home insurance based on location-specific risk factors. You can compare average home insurance rates in California by city using the table below.
Average Annual Premium in California Cities for Homeowners Insurance
If cost is not a factor for you, Allstate emerged as the best homeowners insurance company overall in the United States based on MoneyGeek’s analysis. It offers the best balance of customer service, financial stability and cost.
We also reviewed the best homeowners insurance companies for different profiles to help you find the best provider for your needs.
Frequently Asked Questions About Home Insurance in California
To learn more about the cost of homeowners insurance in California, you can review answers to frequently asked questions below.
To determine the average cost of homeowners insurance in California, MoneyGeek sourced pricing data from Quadrant Information Services.
MoneyGeek chose a standard home profile to provide the most reliable and relevant data for developing a thorough analysis of homeowners insurance. This standard home profile consists of the following attributes:
- Construction year: 2000
- Construction type: Frame
- Composition roof
- Three-mile radius from the fire department
- Assumed value of other structures on the property: 10% of the dwelling coverage
- Personal property coverage: 40% of the dwelling coverage
- Liability limit: $100,000
- Deductible: $1,000
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