Cheapest Homeowners Insurance in California (2024 Rates)

In California, providers cater to diverse needs with competitive rates. While Allstate offers the best rates for $100K coverage, Travelers is the go-to for those eyeing $1 million in coverage. For new homeowners, Farmers emerges as the most affordable. MoneyGeek's extensive analysis of quotes ensures you find the best fit for your home.

In California, Allstate leads as the most affordable home insurance provider, with rates starting at $367 annually for $100K in dwelling coverage. Home insurance premiums are heavily influenced by the amount of coverage you have on your dwelling — higher limits, for instance, often lead to higher rates.

Take a look at how rates can change by dwelling coverage with Allstate, the most affordable provider across different limits:

• Cheapest for $100,000: Allstate at $367 per year
• Cheapest for $250,000: Allstate at $727 per year
• Cheapest for $500,000: Allstate at $1,326 per year

Look at the table below to see how rates change with different dwelling coverage amounts for affordable home insurance options.

Scouting for affordable home insurance in California involves gathering quotes from several insurers, often entailing the use of personal information. Bypass this step with MoneyGeek’s efficient home insurance calculator, designed to provide quotes in California without needing personal details upfront.

For those seeking cost-effective home insurance for high-value residences in California, Allstate emerges as a favorable choice, offering the lowest rate for $750K in dwelling coverage at $1,947 annually. Given that dwelling coverage plays a pivotal role in determining home insurance expenses, it's common for high-value homeowners to encounter elevated premiums.

• Cheapest for $750,000: Allstate at $1,947 per year
• Cheapest for $1,000,000: Allstate at $2,582 per year

It's advisable to align dwelling coverage with the replacement cost of your home, not its market value. Explore the variation in home insurance costs by dwelling coverage through MoneyGeek's analysis of affordable home insurance below.

Farmers offers the most affordable home insurance in California for new homes, particularly for $100K in dwelling coverage, with an annual rate of $220. Insurance quotes tend to be more affordable for new homes in California because modern safety enhancements and building codes reduce the risk of structural problems, thus minimizing the likelihood of substantial claims.

Here's a snapshot of the least expensive providers for new homes in California and their premiums:

• Cheapest for $100,000: Farmers at $220 per year
• Cheapest for $250,000: Nationwide at $432 per year
• Cheapest for $500,000: Travelers at $761 per year

To understand how these costs fluctuate based on dwelling coverage, take a look at the comprehensive table below.

In California, Allstate stands out as the most budget-friendly home insurance provider for homeowners with a single claim in the past five years, offering an annual premium of $512 for $100K in dwelling coverage. Typically, a history of claims often leads to a surge in future insurance premiums.

Here are the cheapest insurance providers for homeowners with at least one claim in the past five years:

• Cheapest for $100,000: Allstate at $512 per year
• Cheapest for $250,000: Allstate at $1,015 per year
• Cheapest for $500,000: Allstate at $1,850 per year

For California residents with $100K in dwelling coverage, having two claims in the last five years can increase your yearly insurance cost by $404, showing how keeping a clean claim history can help you keep your insurance costs lower. This is especially true in California, where natural disasters happen more often, leading to more insurance claims.

The construction quality and roof materials of your home directly impact your home insurance costs. In California, Allstate offers the least expensive home insurance premium for a frame construction type home with a shake-treated roof, with an annual premium of $367. Frame construction and shake-treated roofs are typically more expensive to insure due to their increased susceptibility to damage from natural disasters, such as wildfires and earthquakes.

When looking for the most affordable home insurance premiums in California, these are the leading choices:

• Cheapest for $100,000: Allstate at $367 per year
• Cheapest for $250,000: Allstate at $727 per year
• Cheapest for $500,000: Allstate at $1,326 per year

The contrast in insurance costs between homes with frame construction and shake-treated roofs versus those with superior construction and tile roofs is striking. Superior construction with tile roofing can save California homeowners roughly $82 per year on their insurance premium, emphasizing the significance of construction quality and roof material in the cost of home insurance, especially in a state prone to wildfires and earthquakes.

Adjusting your deductible could lead to substantial savings on your annual premium. In California, Allstate offers the most cost-effective home insurance for a $2,000 deductible, with an annual premium of $353. Allstate also provides the lowest premium for a $500 deductible, priced at $380 annually.

The most affordable providers in California for different deductible levels are:

• Cheapest for $2,000 deductible: Allstate at $353 per year
• Cheapest for $1,500 deductible: Allstate at $360 per year
• Cheapest for $1,000 deductible: Allstate at $367 per year
• Cheapest for $500 deductible: Allstate at $380 per year

A home insurance deductible is the amount you pay before your insurance pays the rest. The average cost difference between a $500 deductible and a $2000 deductible is $132 across all insurers.

Combining your home and auto insurance in California can lead to notable savings, with Allstate standing out as the most budget-friendly option with an annual rate of $2,074. A close second is Progressive, offering a bundled policy at $2,230 annually.

• Allstate: $2,074 per year
• Progressive: $2,230 per year

Bundling your home and auto insurance saves you money. It also makes things easy since you have both policies with one company. This saves time and makes talking to your insurance company simpler because you only deal with one contact for all your insurance needs. Explore the best insurance bundles in California to start enjoying these benefits.

In most California cities, Allstate is the most affordable home insurance provider, with rates starting at $310. The cost of home insurance can significantly vary from one city to another due to distinct factors such as local building regulations, crime rates and weather conditions.

In California, the annual premium for Allstate is as low as $310 in El Monte, making it the city with the lowest rate, while Fontana stands as the priciest with a rate of $460. These variations underline the importance of comparing rates, as insurance companies have distinct pricing models for different geographical areas, opening up the possibility of savings.