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California Homeowners Insurance
California here we come, right back where we started from. California! Here we Come!
- California Homeowners Insurance
- California Homeowners Insurance: Rating Factors
- California Homeowners Insurance: Bundling Options
- California Homeowners Insurance: Who Has the Lowest Price?
- Which Companies Offer California Homeowners Insurance?
- California Homeowners Insurance Company Ratings
- California Homeowners Insurance: Average Annual Cost by City
- California Homeowners Insurance: Most Common Causes For Loss and Claims nationwide
- California Homeowners Insurance: Frequently Asked Questions
- Need Homeowners Somewhere else?
- Other California Insurance Guides
California Homeowners Insurance: Rating Factors
When you are shopping for homeowners, there are quite a bit of factors that companies take into consideration.
Rating factors are criteria used to decide what your rate will be, or if you are eligible to be covered in the first place by a specific insurance carrier.
For example, Location is a rating factor that is weighed due to the risks involved in living in a certain area. Is your area prone to flood or hail damage? This rating factor raises the monthly premium.
Roof Condition is another huge rating factor, an insurance company is thinking about the risk associated with a home. If the roof is in poor condition, likely a storm will catastrophic damage. Certain companies won’t even consider a risk with a roof that hasn’t been done in the last 10 years.
See below some of those factors in California.
| California Homeowners Insurance: Rating Factors |
|---|
| Location |
| Wood-burning stoves |
| Claims |
| Deductible |
| Upgrades to Wiring plumbing |
| Roof condition |
| Swimming pool or hot tub |
| Home-based business |
| Home liability limits |
| Insurance score |
| Credit history |
| Dog breed |
| Value of home Replacement cost |
| Marital status |
California Homeowners Insurance: Bundling Options
Bundling your insurance is always a good thing and can save you some money.
Seems like a gimmick? Well think of it from the Insurance companies point of view. The carriers want desirable risks to insure, thus when you bring a House along with you to insure bundled with your auto, the Insurance Company sees great business. In an effort to keep you a bundled policy is rewarded with lower costs.
Certain companies even have multi-vehicle discounts, multi-driver discounts on top of the bundles of renters, homeowners, and toys like boats and ATVs.
There are a few different things you can bundle, see some below:
| California Homeowners Insurance Bundle Products |
|---|
| Health |
| Life |
| ATV |
| RV |
| Motorcycle |
| Business |
| Boat |
| Umbrella |
| Auto |
California Homeowners Insurance: Who Has the Lowest Price?
Homeowners is a great coverage to have, but it doesn’t mean you want to spend a fortune on it.
The key truly is to shop around and that is why it is wise to partner with a brokerage. They can look at a wide range of different companies. A Plus Insurance just happens to be a brokerage… *Wink* *Wink*!
The Insurance Industry is highly competitive, thus a little patience can save you a lot.
See some of the best priced companies in California:
| California Homeowners Insurance Company | Ranking (Best to worst in affordability) |
|---|---|
| Progressive | 1 |
| MetLife Inc. | 2 |
| Hartford | 3 |
| State Farm | 4 |
| Farmers Insurance | 5 |
| Allstate Corp. | 6 |
| Auto-Owners | 7 |
| Travelers | 8 |
| Nationwide | 9 |
Which Companies Offer California Homeowners Insurance?
Due to the competitive nature of the insurance industry and the hot market of California housing, most carriers are hungry for your business.
Meaning, you have many options and the rates will be competitive. It can be challenging to lock down the right one for you or even how many homeowner insurance companies are out there!
Instead of calling company after company, we have done the work for you and listed some companies that offer homeowners in California.
Below, are 14 companies that do.
| Insurance Company | Homeowners Offered? |
|---|---|
| Progressive | yes |
| USAA | yes |
| Auto-Owners | yes |
| Hartford | yes |
| State Farm | yes |
| Chubb | yes |
| Liberty Mutual | yes |
| MetLife Inc. | yes |
| Farmers Insurance | yes |
| Travelers | yes |
| Allstate Corp. | yes |
| American Family | yes |
| American International | yes |
| Nationwide | yes |
California is notorious for their wildfires, and many people who live in high risk areas have even been dropped by their insurance companies for being considered such a high risk. See what is being done to help California homeowners keep their homes insured.
California Homeowners Insurance Company Ratings
In the great search for a California Homeowners Insurance quote business by business, it is advisable to know the quality of the company you are dealing with. AM Best is a reliable market watcher to ascertain this crucial bit of data.
When insuring your home you want the best coverage AND the best company. We made a list of some of those companies with great AM ratings.
| Homeowners Insurance Company | AM BEST RATING |
|---|---|
| Farmers Insurance | A |
| Liberty Mutual | A |
| Progressive | A+ |
| American Family | A |
| Nationwide | A |
| Chubb | A |
| State Farm | A++ |
| USAA | A++ |
| Travelers | A++ |
| American International | A- |
| Allstate | A+ |
| MetLife | A- |
California Homeowners Insurance: Average Annual Cost by City
There isn’t a one size fits all price when it comes to California Homeowners insurance. In fact there are many rating factors that impact the final rate, one of those being the city you live in!
Certain California cities are less dense as compared to others. Why does this affect your rate? Well, a city with more residence has more traffic due to the volume of drivers. Meaning.. more opportunity for accidents, and thus a higher rate.
Homeowners rates vary city to city. Here is a great list of cities in California and what the average price looks like.
| City in California | Avg. Homeowners Premium |
|---|---|
| Fontana | $1,409.00 |
| Escondido | $1,142.00 |
| Santa Clarita | $1,348.00 |
| Riverside | $1,401.00 |
| Chula Vista | $1,240.00 |
| Vallejo | $1,327.00 |
| Carlsbad | $1,182.00 |
| Bakersfield | $1,212.00 |
| Santa Rosa | $1,358.00 |
| Arden-Arcade | $1,252.00 |
| Orange | $1,335.00 |
| Rancho Cucamonga | $1,369.00 |
| Antioch | $1,246.00 |
| Jurupa Valley | $1,387.00 |
| Daly City | $1,185.00 |
| Pomona | $1,392.00 |
| Irvine | $1,388.00 |
| El Monte | $1,164.00 |
| San Francisco | $1,290.00 |
| Sunnyvale | $1,284.00 |
| Clovis | $1,248.00 |
| Fairfield | $1,139.00 |
| Pasadena | $1,296.00 |
| Long Beach | $1,175.00 |
| Anaheim | $1,135.00 |
| East Los Angeles | $1,166.00 |
| Torrance | $1,108.00 |
| Rialto | $1,141.00 |
| Corona | $1,248.00 |
| Inglewood | $1,244.00 |
| West Covina | $1,259.00 |
| Oceanside | $1,225.00 |
| Santa Clara | $1,375.00 |
| Modesto | $1,118.00 |
| Palmdale | $1,372.00 |
| Stockton | $1,136.00 |
| San Bernardino | $1,284.00 |
| Los Angeles | $1,288.00 |
| San Jose | $1,369.00 |
| Victorville | $1,320.00 |
| Thousand Oaks | $1,244.00 |
| Downey | $1,125.00 |
| Simi Valley | $1,387.00 |
| Santa Maria | $1,354.00 |
| Lancaster | $1,216.00 |
| Fullerton | $1,205.00 |
| Visalia | $1,277.00 |
| Santa Ana | $1,124.00 |
| Oxnard | $1,337.00 |
| Fresno | $1,375.00 |
| Ontario | $1,156.00 |
| El Cajon | $1,119.00 |
California Homeowners Insurance: Most Common Causes For Loss and Claims nationwide
Natural disasters, unforeseen occurrences, and many other things can cause a tremendous amount of damage to your home. That’s when your homeowners insurance comes in handy!
| Most Common Causes For Loss and Claims nationwide |
|---|
| Theft |
| Vandalism |
| Wind |
| Other Weather related |
| Lightning |
| Hail |
| Water Damage |
| Loss of Use |
| Fire |
| Power surge |
California Homeowners Insurance: Frequently Asked Questions
Does insurance cover fire in California?
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What is the average cost of homeowners insurance in CA?
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What are the different levels of California homeowners insurance?
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Need Homeowners Somewhere else?
Other California Insurance Guides
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|---|
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| California Auto Insurance |