Best & Cheapest Homeowners Insurance in Los Angeles, CA For April, 2024

State Farm offers the cheapest homeowners insurance in Los Angeles, with an average yearly cost of $1,740.

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Updated: 19 March 2024
Written by
Bob Phillips
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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.

For example, your personal driving record plays a critical role; having a history of traffic violations or accidents usually leads to higher premiums compared to a clean record. The make and model of your vehicle are also significant factors, with insurance for high-performance or luxury cars typically costing more.

Where you live can also affect your rates. Urban areas with higher population densities often have higher premiums due to increased risks of theft or accidents. Additionally, factors like age and marital status can influence your car insurance costs.

Cheapest Homeowners Insurance in Los Angeles, CA, 2024

Cheapest Homeowners Insurance, Los Angeles, 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.

66

Quotes Analyzed

15+

Years Of Industry Experience

24

Brands Reviewed

40+

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

Platforms like Insuranceopedia provide convenient access to finding the perfect coverage for your individual needs with just a few clicks. By offering quick online quotes from trusted insurers, Insuranceopedia allows you to effortlessly compare rates.

All you have to do is enter your information, and we’ll take care of the rest, presenting you with a range of options tailored to your preferences. This enables you to confidently choose a policy that offers the best value, balancing cost with comprehensive coverage.

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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