Best & Cheapest Homeowners Insurance in Los Angeles, CA For May, 2024
State Farm offers the cheapest homeowners insurance in Los Angeles, with an average yearly cost of $1,740.
In our thorough assessment of home insurance options in Los Angeles, California, State Farm emerges as the most economical choice, with an average yearly premium of $1,740. However, it’s essential to recognize that the best insurer for you may vary based on your specific circumstances and requirements.
For instance, if you have an older home, State Farm offers competitive rates at $1,948 annually along with comprehensive coverage. Conversely, for owners of newly constructed homes, USAA provides the most cost-effective solution at $1,398 per year.
If you have a history of filing claims, Mercury remains an affordable and understanding option at $2,291 per year.
Additionally, if you possess a significant amount of personal property needing protection, Travelers emerges as the preferred choice, offering extensive coverage at a reasonable rate of $1,982 per year.
At Insuranceopedia, our comprehensive analysis aims to assist you in finding the ideal home insurance coverage. By comparing customer ratings, evaluating personal experiences, and providing comparison charts, we furnish all the necessary information to help you make a well-informed decision.
How much is homeowners insurance in Los Angeles, CA?
State Farm provides the cheapest homeowners insurance rate in Los Angeles, with an annual cost of $1,740.
Below, you can observe that the rates in Los Angeles are a higher than the national average. They rates are also higher than the state of California average.
| Area | Average Monthly Rate |
| National | $1,820 |
| California | $2,008 |
| Los Angeles | $2,613 |
It’s important to understand that insurance rates aren’t set in stone; they can fluctuate considerably based on several factors.
Cheapest Homeowners Insurance in Los Angeles, CA, 2024
Our Methodology
To identify the most cost-effective home insurance rates in Los Angeles, we collected data from multiple home insurance review websites. Some of these sources analyzed rates obtained from public filings through Quadrant Information Services. In this review, we've averaged those rates, but it's crucial to understand that each company's rates can vary regularly and are subject to individual circumstances. Moreover, the overall rating incorporates my subjective opinion, informed by fifteen years of experience as a licensed insurance agent and over three decades of procuring home insurance.
Quotes Analyzed
Years Of Industry Experience
Brands Reviewed
Research Hours
Cheapest homeowners insurance in Los Angeles, CA
State Farm is notably the most budget-friendly option for homeowners insurance in Los Angeles, CA, offering an average annual rate of $1,740.
| Company | Annual Premium |
| State Farm | $1,740 |
| USAA | $1,798 |
| Travelers | $1,855 |
| Nationwide | $2,465 |
| Chubb | $4,580 |
Your policy’s price is influenced by several factors including your location, home value, and claims history. State Farm offers a balanced combination of affordability and comprehensive coverage.
Cheapest Homeowners Insurance If You Have an Older Home
For owners of older homes, State Farm is the most economical choice, offering an average annual rate of $1,948.
| Insurance Company | Average Annual Premium |
| State Farm | $1,948 |
| Nationwide | $1,957 |
| Travelers | $2,563 |
| Chubb | $3,068 |
Older homes often come with unique risks and maintenance challenges that can lead to increased insurance expenses. State Farm offers competitive rates and comprehensive coverage tailored to address the specific needs of older homes.
Cheapest Homeowners Insurance for Newly Constructed Homes
For homeowners proud of their newly constructed homes, USAA emerges as the most budget-friendly option, providing an average annual rate of $1,398.
| Insurance Company | Average Annual Premium |
| USAA | $1,398 |
| State Farm | $1,631 |
| Nationwide | $1,864 |
| Farmers | $1,670 |
| AIG | $3,114 |
Newly constructed homes often require unique coverage compared to older properties, and USAA excels in offering affordable policies tailored to meet these specific needs.
Cheapest Home Insurance for a History of Claims
Homeowners who have a history of claims can find an affordable solution with Mercury, which offers an average annual rate of $2,291.
| Insurance Company | Average Annual Premium |
| Mercury | $2,291 |
| Farmers | $3,398 |
| Nationwide | $2,526 |
| Travelers | $4,415 |
| Chubb | $6,030 |
Having a history of claims can raise concerns for insurers, usually leading to higher premiums. However, Mercury believes in offering second chances and provides reasonable rates for individuals with past claims.
Cheapest Home Insurance Rates for Lots of Personal Property
If you own a significant amount of personal property, Travelers offers the most cost-effective option, with an average annual rate of $1,982.
| Insurance Company | Average Annual Premium |
| Travelers | $1,982 |
| State Farm | $2,388 |
| Universal North America | $2,799 |
| Nationwide | $2,867 |
| Chubb | $5,993 |
As the amount of personal property you own increases, so do your coverage needs, which can potentially lead to higher premiums. Travelers addresses this by offering comprehensive coverage at affordable rates, ensuring that all your belongings are adequately protected.
Best Homeowners Insurance Companies in Los Angeles, CA
Choosing the right homeowners insurance isn’t just a necessity; it’s a decision that requires careful consideration. Los Angeles is home to a diverse range of properties, reflecting the diversity of 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 Los Angeles, CA. Our assessment takes into account factors such as annual premiums, coverage options, customer satisfaction ratings, and overall reliability. Take a look at our comparison chart below to discover the perfect fit for your home insurance needs.
| Company | Annual Premium |
| State Farm | $1,740 |
| USAA | $1,798 |
| AAA | $2,108 |
| Travelers | $1,855 |
| Universal North America | $2,473 |
| Nationwide | $2,465 |
| Chubb | $4,580 |
| AIG | $3,490 |
Average Home Insurance Rates by Zip Codes
Home insurance costs in Los Angeles, CA can differ widely depending on the zip code. Below, you’ll find tables showing rates for various zip codes in Los Angeles, along with details on the five cheapest and most expensive zip codes for annual home insurance premiums in the area.
| ZIP Code | Average Insurance Premium (Annual) |
| 90044 | $1,596 |
| 90037 | $1,606 |
| 90042 | $1,477 |
| 90019 | $1,602 |
| 90004 | $1,590 |
| 90006 | $1,608 |
Cheapest Zip Codes
| ZIP Code | Average Insurance Premium (Annual) |
| 90042 | $1,477 |
| 90092 | $1,382 |
| 90066 | $1,365 |
| 90034 | $1,480 |
| 90025 | $1,493 |
Most Expensive Zip Codes
| ZIP Code | Average Insurance Premium (Annual) |
| 90077 | $1,706 |
| 90030 | $1,640 |
| 90048 | $1,668 |
| 90068 | $1,690 |
| 90008 | $1,631 |
Average Home Insurance Rates in Los Angeles, CA by Deductible Amount
The chosen deductible amount for a homeowners insurance policy plays a significant role in determining premium rates in Los Angeles, CA. Here’s how the average home insurance rates vary for different deductible amounts:
| Deductible Amount | Annual Rate |
| $500 | $1,527 |
| $1,000 | $1,106 |
| $1,500 | $946 |
| $2,000 | $850 |
| $5,000 | $704 |
Average Home Insurance Rates in Los Angeles, CA By Coverage Amount
A crucial element affecting your premium is the dwelling coverage amount, which represents the maximum sum your insurance company will pay for rebuilding or repairing your home if it’s damaged or destroyed.
Now, let’s review a comparison chart illustrating the average annual premiums for homeowners insurance linked to different dwelling coverage amounts.
| Dwelling Coverage Amount | Average Annual Premium |
| $200,000 | $1,115 |
| $250,000 | $1,346 |
| $300,000 | $1,567 |
| $350,000 | $1,703 |
| $400,000 | $1,998 |
Average Home Insurance Rates in Los Angeles, CA by Company
Here’s a comparison table displaying annual premiums from some of the leading providers in Los Angeles:
| Company | Annual Premium |
| State Farm | $1,740 |
| USAA | $1,798 |
| AAA | $2,108 |
| Travelers | $1,855 |
| Universal North America | $2,473 |
| Nationwide | $2,465 |
| Chubb | $4,580 |
| AIG | $3,490 |
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 |
| Fremont | $1,865 |
| Riverside | $2,234 |
| San Diego | $1,736 |
Getting Online Homeowners Insurance Quotes in California
FAQs
Who has the cheapest home insurance in Los Angeles, CA?
State Farm offers the most affordable home insurance in Los Angeles, California, with an annual premium of $1,740.
What is the average cost of home insurance in Los Angeles, CA?
The typical expense for homeowners insurance in Los Angeles, California, amounts to around $2,613 per year.
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