Find the Best Homeowners Insurance Rates & Companies in California
California residents searching for an ideal homeowners insurance policy will find they have a lot of different insurance companies from which they can choose. Comparing policies and rates from multiple providers enables you to choose the policy that offers the coverage you want at the most affordable price.
Local independent agents make comparison shopping easy. These agents have relationships with many of the best homeowners insurance companies in California. This makes it easy for them to provide you with a selection of customized home insurance policies and quotes that you can review and evaluate together.
When you are ready to begin your search for the best California home insurance coverage, contact an independent insurance agent near you to arrange an obligation-free consultation.
The Best Homeowners Insurance Companies in California
Independent insurance agents know that no particular insurance company is the best choice for every homeowner in California. That is why they work with a variety of the area’s top-rated insurance providers, including companies like:
- Nationwide: Enjoy worry-free claims, customized coverage, and quality customer service when you purchase a home insurance policy through Nationwide.
- Travelers: Since 1963, Travelers has provided its customers with reliable coverage through its full line of insurance products.
- Progressive: The convenience of state-of-the-art online services and an award-winning mobile app make this insurance company a top choice for California residents.
- Safeco: Safeco has provided personal insurance coverage since 1923. Talk to an independent agent to learn more about how this Liberty Mutual subsidiary can protect your home and property.
- MAPFRE: MAPFRE Insurance has offered residents of California affordable, quality insurance products since 1972. This company also donates annually to local nonprofits.
- Stillwater: Talk to an agent to discover why 90% of Stillwater Insurance Group’s customers would recommend this insurer to their friends and family.
- Pacific Specialty: Family-owned and operated for more than 40 years, Pacific Specialty Insurance Company aims to foster confidence by providing reliable coverage and quality customer service.
Begin your search for the best home insurance company in California by talking to a local independent insurance agent. These agents can help you compare policies and quotes so you can choose the insurance provider that offers the best value for your money.
What Homeowners Insurance in California Can Cover
If you own a house in the Golden State, a good homeowners insurance policy can protect your finances and the investment you have made in your property. Most policies in this state provide coverage against hazards like:
- Accidental fires and wildfires
- Severe storms like bomb cyclones and thunderstorms
- Falling objects like hail stones and uprooted trees
- Property crimes like burglary and vandalism
- Personal liability lawsuits
In California, your home insurance will provide six types of coverage, labeled A through F. These are:
- Coverage A (Dwelling insurance): This covers damage to the structure of your home.
- Coverage B (Other structures insurance): This covers damage to structures on your property, like fences, storage sheds, pool houses, and detached garages.
- Coverage C (Contents insurance): This covers loss or damage to your personal property.
- Coverage D (Loss of use insurance): This covers your extra living expenses if a covered event like a windstorm or a forced evacuation due to a wildfire necessitates you to seek alternate accommodations.
- Coverage E (Homeowners liability insurance): This covers expenses related to personal liability lawsuits brought against you or someone in your household.
- Coverage F (Medical payments insurance): This can cover third-party medical expenses if someone is injured on your property, regardless of fault.
Independent insurance agents in California can explain each coverage type in great detail and help you decide how much coverage you need in each category.
What Homeowners Insurance in California Does Not Cover
As with any insurance policy, California's homeowners insurance has a few coverage exclusions. For instance, you should not expect your policy to pay for things like:
- Damage caused by insects or animals
- Remediation of mold, rot, or rust
- Damage caused by landslides and other earth movement
- Damage caused by floods
- Damage caused by earthquakes
Fortunately, supplemental policies are available to provide the coverage your home insurance lacks. Additionally, you should know that some of your property may only have limited coverage unless you purchase special endorsements or supplemental policies. This property can include the following:
- Company-owned property if you run a business out of your home
- Collectibles and valuables like fine art, jewelry, and family heirlooms
- Recreational vehicles like ATVs, boats, and personal watercraft
A local independent agent can help you be confident that you have sufficient coverage for all of your personal property.
What Homeowners Should Know about Flood Damage in California
As mentioned above, homeowners insurance policies do not cover flood damage. Unfortunately, more than 1.5 million properties in California have a significant risk of sustaining flood damage over the next thirty years. That is around 23% of all homes and businesses in this state.
If your house is among those at risk, you can opt to supplement your home coverage with flood insurance. Affordable policies are available through the National Flood Insurance Program in NFIP-participating communities. Otherwise, you can purchase coverage through a commercial provider.
If your home is located in a flood zone and you own money on a mortgage or a home equity loan, your lender will require you to maintain flood insurance coverage. Otherwise, this coverage is optional. When deciding whether a policy is worth the cost to you, it is worth noting that the average compensation per flood claim in California is $18,400.
What Homeowners in California Should Know about Earthquake Damage
With its many fault lines, California has the highest risk of seismic activity in the US. In fact, this state experiences an average of 3,544 earthquakes a year. The largest on record in this state was a 7.3 magnitude quake in San Bernardino County in 1992.
However, as mentioned earlier, home insurance does not cover damage caused by earthquakes. Fortunately, residents of California can supplement their home insurance policy with earthquake insurance.
When purchasing earthquake insurance, you can select coverage for any or all of the following:
- Damage to your house (dwelling)
- Damage to your personal property (contents)
- Loss of use coverage if you must seek alternate accommodations
- Building code upgrade coverage
- Emergency repairs coverage
- Coverage for breakables
- Coverage for exterior veneers like brick, stone, tile, and concrete
Deductibles for earthquake insurance are typically 5% to 25% of your total coverage amount. An independent insurance agent can help you find a good earthquake insurance policy.
Average Cost of Homeowners Insurance in California
While homeowners in the US pay an average of $1,211 a year for home insurance, the average cost of homeowners insurance in California is just $1,008 a year.
Of course, this is just an average rate. Your actual costs may be significantly higher or lower than this amount depending on several factors, such as your home’s size and rebuild value, the weather risks where your house is located, and the amount of coverage you are purchasing. For instance, a mansion in Beverly Hills will cost far more to cover than a bungalow in Bakersfield.
Consult a local independent insurance agent to find out how much a home insurance policy will cost you. Your agent can present you with a variety of customized quotes from some of the best homeowners insurance companies in California.