Best & Cheapest Homeowners Insurance in Modesto, CA June, 2024

Allstate provides the most affordable home insurance in Modesto, with an average annual price of $1,170.

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Updated: 05 May 2024
Written by
Bob Phillips
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After carefully reviewing home insurance options in Modesto, California, Allstate stands out as the most budget-friendly choice, with an average yearly premium of $1,170. However, it’s important to note that the best insurer for you might depend on your specific needs and circumstances.

For example, if you have an older home, State Farm offers competitive rates at $1,298 annually, coupled with comprehensive coverage. On the other hand, for owners of newly built homes, Allstate provides the most cost-effective solution at $846 per year.

If you have a history of filing claims, State Farm remains an affordable and understanding option at $1,340 per year.

Moreover, if you own a significant amount of personal property that needs protection, Travelers emerges as the preferred choice, offering extensive coverage at a reasonable rate of $1,484 per year.

At Insuranceopedia, our thorough analysis aims to help you find the ideal home insurance coverage. By comparing customer ratings, evaluating personal experiences, and providing comparison charts, we offer all the necessary information to assist you in making a well-informed decision.

How much is homeowners insurance in Modesto, CA?

In Modesto, Allstate offers the lowest homeowners insurance rate at $1,170 per year.

Below, you can see that the rates in Modesto are lower than both the national average and the average for the state of California.

Area Average Monthly Rate
National $1,820
California $2,008
Modesto $1,763

It’s important to recognize that insurance rates are not fixed; they can vary significantly based on several factors.

Cheapest Homeowners Insurance in Modesto, CA, 2024

Cheapest Homeowners Insurance, Modesto, 2024

Our Methodology

To find the most cost-effective home insurance rates in Modesto, we gathered data from various 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 important to understand that each company's rates can fluctuate regularly and are subject to individual circumstances. Furthermore, the overall rating reflects 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 Modesto, CA

Allstate stands out as the most budget-friendly option for homeowners insurance in Modesto, CA, with an average annual rate of $1,170.

Company Annual Premium
Allstate $1,170
State Farm $1,452
USAA $1,581
Nationwide $1,966
Chubb $3,008

The price of your policy is affected by various factors such as your location, home value, and claims history. Allstate provides a balanced combination of affordability and comprehensive coverage.

Cheapest Homeowners Insurance If You Have an Older Home

Owners of older homes may find State Farm to be the most economical choice, with an average annual rate of $1,298.

Insurance Company Average Annual Premium
State Farm $1,298
Farmers $1,465
AIG $1,927
Chubb $2,120

Older homes often present unique risks and maintenance challenges, which can result in higher insurance costs. However, 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 who take pride in their newly constructed homes, Allstate emerges as the most budget-friendly option, offering an average annual rate of $846.

Insurance Company Average Annual Premium
Allstate $846
State Farm $1,033
USAA $1,127
Nationwide $1,399
AIG $1,549

Newly constructed homes often demand unique coverage compared to older properties, and Allstate excels in providing affordable policies tailored 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 State Farm, which offers an average annual rate of $1,484.

Insurance Company Average Annual Premium
State Farm $1,484
USAA $1,569
AIG $2,644
Nationwide $2,877
Chubb $4,130

Having a history of claims can often raise concerns for insurers, which typically results in higher premiums. State Farm 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 provides the most budget-friendly option, with an average annual rate of $1,484.

Insurance Company Average Annual Premium
Travelers $1,484
State Farm $1,568
USAA $1,716
Nationwide $2,111
Chubb $3,047

As you acquire more personal property, your insurance needs grow, potentially resulting in higher premiums. Travelers tackles this by providing comprehensive coverage at reasonable rates, ensuring all your belongings are well-protected.

Best Homeowners Insurance Companies in Modesto, CA

Selecting the right homeowners insurance is more than just a necessity; it’s a decision that demands careful thought. Modesto boasts a variety of properties, reflecting the diversity of its residents. Therefore, finding an insurance provider that offers comprehensive coverage at competitive rates is crucial.

To simplify your decision-making process, we’ve compiled a list of the top homeowners insurance companies in Modesto, CA. Our evaluation considers factors such as annual premiums, coverage options, customer satisfaction ratings, and overall reliability. Check out our comparison chart below to find the ideal fit for your home insurance needs.

Company Annual Premium
Allstate $1,170
State Farm $1,452
USAA $1,581
Travelers $1,378
Universal North America $1,580
Nationwide $1,966
Chubb $3,008
AIG $2,190

Average Home Insurance Rates by Zip Codes

Home insurance costs in Modesto, CA can vary widely depending on the zip code. Below, you’ll find tables displaying rates for different zip codes in Modesto, 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)
95350 $1,196
95351 $1,406
95354 $1,377
95355 $1,402
95356 $1,290
95358 $1,408

Cheapest Zip Codes

ZIP Code Average Insurance Premium (Annual)
95350 $1,196
95356 $1,290
95354 $1,377

Most Expensive Zip Codes

ZIP Code Average Insurance Premium (Annual)
95351 $1,406
95355 $1,402
95358 $1,408

Average Home Insurance Rates in Modesto, CA by Deductible Amount

The deductible amount chosen for a homeowners insurance policy has a significant impact on premium rates in Modesto, CA. Here’s how the average home insurance rates vary for different deductible amounts:

Deductible Amount Annual Rate
$500 $1,327
$1,000 $1,120
$1,500 $950
$2,000 $821
$5,000 $714

Average Home Insurance Rates in Modesto, CA By Coverage Amount

One key factor that affects 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 take a look at a comparison chart illustrating the average annual premiums for homeowners insurance associated with different dwelling coverage amounts.

Dwelling Coverage Amount Average Annual Premium
$200,000 $1,120
$250,000 $1,336
$300,000 $1,562
$350,000 $1,703
$400,000 $1,870

Average Home Insurance Rates in Modesto, CA by Company

Here’s a comparison table showing annual premiums from some of the top providers in Modesto.

Company Annual Premium
Allstate $1,170
State Farm $1,452
USAA $1,581
Travelers $1,378
Universal North America $1,580
Nationwide $1,966
Chubb $3,008
AIG $2,190

How Much is Homeowners Insurance for Other Cities in California?

Here is a detailed 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

Services 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.

Simply 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 Modesto, CA?

In Modesto, California, Allstate offers the most affordable home insurance, with an annual premium of $1,170.

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

The average cost for homeowners insurance in Modesto, California, is approximately $1,763 per year.

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