Best & Cheapest Homeowners Insurance in Irvine, CA For June, 2024

State Farm stands out as the most affordable option for homeowners insurance in Irvine, providing an average annual quote of $1,570.

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Updated: 05 May 2024
Written by
Bob Phillips
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After conducting a thorough evaluation of home insurance providers in Irvine, California, State Farm emerges as the most budget-friendly option, with an average annual rate of $1,570. However, it’s important to recognize that the ideal insurer for your situation may vary depending on your specific circumstances and needs.

For example, if your home is older, Farmers leads with competitive rates of $1,907 per year and comprehensive coverage. Conversely, for owners of newly constructed homes, State Farm provides the most cost-effective solution at $1,104 per year.

For individuals with a history of claims, USAA offers an affordable and understanding option at $1,862 per year.

Lastly, for those with a significant amount of personal property requiring protection, Allstate proves to be the top choice, offering extensive coverage at a reasonable $1,620 per year.

Our in-depth analysis at Insuranceopedia aims to assist you in finding the perfect fit for your home insurance needs. Through the comparison of customer ratings, examination of personal experiences, and presentation of comparison charts, we provide all the necessary information to help you make an informed decision.

How much is homeowners insurance in Irvine, CA?

State Farm is the most affordable option for homeowners insurance in Irvine, offering an average annual quote of $1,570.

Below, you can see that the rates in Irvine are slightly higher than the national average. However, they are lower than the average rates for the state of California.

Area Average Monthly Rate
National $1,820
California $2,008
Irvine $1,982

It’s important to acknowledge that insurance rates are not uniform; they can vary significantly based on various factors.

Cheapest Homeowners Insurance in Irvine, CA, 2024

Cheapest Homeowners Insurance, Irvine, 2024

Our Methodology

To discover the most affordable home insurance rates in Irvine, we researched data from multiple home insurance review websites. Some of these sources analyzed rates from public filings obtained through Quadrant Information Services. In our review, we've averaged those rates, but it's crucial to understand that each company's rates can fluctuate regularly and depend on individual circumstances. Additionally, the overall rating also incorporates my subjective opinion, informed by fifteen years of experience as a licensed insurance agent and over three decades of procuring home insurance.

66

Quotes Analyzed

15+

Years Of Industry Experience

24

Brands Reviewed

40+

Research Hours

Cheapest homeowners insurance in Irvine, CA

State Farm stands out as the most budget-friendly choice for homeowners insurance in Irvine, CA, boasting an average annual rate of $1,570.

Company Annual Premium
State Farm $1,570
Travelers $1,640
USAA $1,678
Nationwide $1,703
Farmers $3,079

The price of your policy is affected by various factors such as location, home value, and claims history. State Farm provides a well-rounded combination of affordability and comprehensive coverage.

Cheapest Homeowners Insurance If You Have an Older Home

If you own an older home, Farmers emerges as the most economical option with an average annual rate of $1,907.

Insurance Company Average Annual Premium
Farmers $1,907
State farm $1,940
Nationwide $2,125
AIG $2,432
Chubb $2,850

Older homes often present distinctive risks and maintenance challenges that can increase insurance expenses. Farmers provides competitive rates and comprehensive coverage specifically designed to address the requirements of older homes.

Cheapest Homeowners Insurance for Newly Constructed Homes

For proud owners of newly constructed homes, State Farm stands out as the most budget-friendly choice, offering an average annual rate of $1,104.

Insurance Company Average Annual Premium
State Farm $1,104
Nationwide $1,263
USAA $1,300
Allstate $1,396
Farmers $2,072

Newly built homes often demand distinct coverage compared to older properties, and State Farm excels in delivering affordable policies customized to meet these specific needs.

Cheapest Home Insurance for a History of Claims

Homeowners with a history of claims can find an affordable solution with USAA, featuring an average annual rate of $1,862.

Insurance Company Average Annual Premium
USAA $1,862
Mercury $2,007
Farmers $2,107
Nationwide $2,645
Chubb $2,940

Having a history of claims can trigger concerns for insurers, typically resulting in higher premiums. Nonetheless, USAA believes in second chances and provides reasonable rates for individuals with past claims.

Cheapest Home Insurance Rates for Lots of Personal Property

If you possess a substantial amount of personal property, Allstate provides the most economical option, with an average annual rate of $1,620.

Insurance Company Average Annual Premium
Allstate $1,620
State Farm $1,765
USAA $1,907
Nationwide $2,235
Farmers $2,709

The greater the amount of personal property you own, the higher your coverage needs, potentially leading to increased premiums. Allstate offers comprehensive coverage at affordable rates, ensuring that all your belongings are sufficiently protected.

Best Homeowners Insurance Companies in Irvine, CA

Choosing the right homeowners insurance isn’t just a necessity; it’s a strategic decision. Irvine is home to houses with diverse histories, much like its residents. Therefore, finding an insurance provider that offers comprehensive coverage at competitive rates is essential.

To streamline your decision-making process, we’ve compiled a list of the top homeowners insurance companies in Irvine, CA. Our evaluation takes into account factors such as annual premiums, coverage options, customer satisfaction ratings, and overall reliability. Explore our comparison chart below to find the perfect match for your home insurance needs.

Company Annual Premium
State Farm $1,570
Travelers $1,640
USAA $1,678
Nationwide $1,703
Farmers $3,079
AIG $2,142
Hartford $2,516
Chubb $3,342

Average Home Insurance Rates by Zip Codes

The price of homeowners insurance in Irvine, CA can vary significantly depending on the zip code. Here, you’ll find tables displaying rates for various zip codes in Irvine, as well as information on the five least expensive and most expensive zip codes in the region for annual home insurance premiums.

ZIP Code Average Insurance Premium (Annual)
92620 $939
92606 $941
92602 $937
92603 $986
92697 $1,028
92612 $999

Cheapest Zip Codes

ZIP Code Average Insurance Premium (Annual)
92620 $939
92606 $941
92602 $937

Most Expensive Zip Codes

ZIP Code Average Insurance Premium (Annual)
92603 $986
92697 $1,028
92612 $999

Average Home Insurance Rates in Irvine, CA by Deductible Amount

The deductible amount chosen for a homeowners insurance policy significantly affects the premium rates in Irvine, CA. Here’s how the average home insurance rates fluctuate for different deductible amounts:

Deductible Amount Annual Rate
$500 $995
$1,000 $886
$1,500 $841
$2,000 $748
$5,000 $624

Average Home Insurance Rates in Irvine, CA By Coverage Amount

One critical factor impacting your premium is the dwelling coverage amount, representing the maximum sum your insurance company will reimburse for rebuilding or repairing your home in case of damage or destruction.

Now, let’s examine a comparison chart detailing the average annual homeowners insurance premiums associated with various dwelling coverage amounts.

Dwelling Coverage Amount Average Annual Premium
$200,000 $658
$250,000 $890
$300,000 $998
$350,000 $1,207
$400,000 $1,366

Average Home Insurance Rates in Irvine, CA by Company

Here’s a comparison table showcasing annual premiums from some of the top providers in Irvine:

Company Annual Premium
State Farm $1,570
Travelers $1,640
USAA $1,678
Nationwide $1,703
Farmers $3,079
AIG $2,142
Hartford $2,516
Chubb $3,342

How Much is Homeowners Insurance for Other Cities in California?

Below is a comprehensive comparison chart highlighting the most affordable companies and their yearly premiums across different cities in California.

City Annual Premium
San Francisco $2,084
Oakland $1,830
Los Angeles $2,613
Riverside $2,234
San Diego $1,736

Getting Online Homeowners Insurance Quotes in California

Platforms like Insuranceopedia simplify the process of finding the perfect coverage tailored to your needs with just a few clicks. By providing quick online quotes from trusted insurers, Insuranceopedia allows you to effortlessly compare rates.

Just enter your information, and we’ll take care of the rest, presenting you with a range of options customized to your preferences. This empowers you to confidently choose a policy that offers the best value, balancing cost and comprehensive coverage effectively.

FAQs

Who has the cheapest home insurance in Irvine, CA?

The cheapest home insurance in Irvine, California, is provided by State Farm, with an annual premium of $1,570

What is the average cost of home insurance in Irvine, CA?

The average cost of homeowners insurance in Irvine, California, is approximately $1,982 per year.

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