Best & Cheapest Homeowners Insurance in Oakland, CA For April, 2024

In Oakland, Allstate offers the most affordable homeowners insurance, with an average annual cost of $1,387.

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Updated: 07 April 2024
Written by
Bob Phillips
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After conducting a thorough evaluation of home insurance options in Oakland, California, we found that Allstate offers the most economical choice, with an average yearly premium of $1,387. However, it’s important to note that the best insurer for you may vary based on your specific circumstances and needs.

For instance, if you own an older home, State Farm provides competitive rates at $1,627 annually, along with comprehensive coverage. On the other hand, if you have a newly constructed home, State Farm still offers the most cost-effective solution at $1,282 per year.

Additionally, if you have a significant amount of personal property requiring protection, USAA is the preferred choice, offering extensive coverage at a reasonable rate of $1,898 per year.

At Insuranceopedia, our comprehensive analysis aims to help you find the ideal home insurance coverage. By comparing customer ratings, assessing personal experiences, and providing comparison charts, we strive to give you all the necessary information to make a well-informed decision.

How much is homeowners insurance in Oakland, CA?

Allstate provides the most budget-friendly homeowners insurance rate in Oakland, with an annual cost of $1,387.

Below, you can see that the rates in Oakland are slightly higher than the national average. The rates are also higher than the state of California average.

Area Average Monthly Rate
National $1,820
California $2,008
Oakland $2,302

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

For example, your driving history is crucial; having a record of traffic violations or accidents generally leads to higher premiums compared to having a clean record. The type and model of your vehicle also play a role, with insurance for high-performance or luxury cars typically costing more.

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

Cheapest Homeowners Insurance in Oakland, CA, 2024

Cheapest Homeowners Insurance, Oakland, 2024

Our Methodology

To find the most affordable home insurance rates in Oakland, we gathered data from various home insurance review websites. Some of these sources analyzed rates obtained from public filings via Quadrant Information Services. For this review, we averaged those rates, but it's important to note that each company's rates can fluctuate regularly and depend on individual circumstances. Additionally, the overall rating reflects my subjective opinion, based on fifteen years of experience as a licensed insurance agent and over three decades of purchasing home insurance.

66

Quotes Analyzed

15+

Years Of Industry Experience

24

Brands Reviewed

40+

Research Hours

Cheapest homeowners insurance in Oakland, CA

Allstate stands out as the most affordable choice for homeowners insurance in Oakland, California, offering an average annual rate of $1,387.

Company Annual Premium
Allstate $1,387
USAA $1,799
State Farm $1,842
Nationwide $1,987
Chubb $3,176

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

Cheapest Homeowners Insurance If You Have an Older Home

For owners of older homes, State Farm offers the most cost-effective option, with an average annual rate of $1,627

Insurance Company Average Annual Premium
State Farm $1,627
Nationwide $1,789
Travelers $2,024
Chubb $2,880

Historic houses often come with specific issues and maintenance needs that can lead to higher insurance costs. However, State Farm offers affordable rates and comprehensive protection tailored to meet the specific requirements of older homes.

Cheapest Homeowners Insurance for Newly Constructed Homes

For homeowners who take pride in their newly built houses, State Farm stands out as the most cost-effective choice, providing an average yearly rate of $1,282.

Insurance Company Average Annual Premium
State Farm $1,282
USAA $1,411
Nationwide $1,507
AIG $2,290
Chubb $2,831

Newly constructed homes often require specialized coverage compared to older properties, and State Farm is known for its ability to offer affordable policies tailored to meet these unique needs.

Cheapest Home Insurance Rates for Lots of Personal Property

If you have a significant amount of personal property, USAA offers the most affordable option, with an average yearly rate of $1,898.

Insurance Company Average Annual Premium
USAA $1,898
State Farm $1,906
Nationwide $2,418
Universal North America $2,568
Farmers $3,991

As your personal property holdings increase, your coverage needs also grow, which can lead to higher premiums. However, USAA addresses this by offering comprehensive coverage at reasonable rates, ensuring that all your possessions are adequately protected.

Best Homeowners Insurance Companies in Oakland, CA

Choosing the right homeowners insurance is not just a necessity; it’s a decision that requires careful consideration. Oakland features a diverse range of properties, reflecting the diversity of its residents. Therefore, finding an insurer that offers comprehensive coverage at competitive prices is essential.

To make your decision-making process easier, we’ve compiled a list of the top homeowners insurance companies in Oakland, California. 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 fit for your home insurance needs.

Company Annual Premium
1. Allstate $1,387
2. USAA $1,799
3. State Farm $1,842
4. Universal North America $2,270
5. Hartford $1,754
6. Nationwide $1,987
7. Chubb $3,176
8. AIG $,2567

Average Home Insurance Rates by Zip Codes

Home insurance costs in Oakland, CA can vary widely depending on the zip code. Below, you’ll find tables showing rates for different zip codes in Oakland, along with details about the least and most expensive zip codes for annual home insurance premiums in the area.

ZIP Code Average Insurance Premium (Annual)
94611 $938
94605 $963
94601 $1,089
94621 $1,096

Cheapest Zip Codes

ZIP Code Average Insurance Premium (Annual)
94611 $938
94605 $963
94617 $945

Most Expensive Zip Codes

ZIP Code Average Insurance Premium (Annual)
94601 $1,089
94621 $1,096
94609 $1,067

Average Home Insurance Rates in Oakland, CA by Deductible Amount

The deductible amount you choose for a homeowners insurance policy significantly affects the premium rates in Oakland, CA. Here’s how the average home insurance rates vary for different deductible amounts:

Deductible Amount Annual Rate
$500 $1,042
$1,000 $946
$1,500 $870
$2,000 $784
$5,000 $657

Average Home Insurance Rates in Oakland, CA By Coverage Amount

A key factor that impacts your premium is the dwelling coverage amount, representing the maximum your insurance company will pay to rebuild or repair your home if it’s damaged or destroyed.

Let’s take a look at a comparison chart showing the average annual premiums for homeowners insurance based on different dwelling coverage amounts.

Dwelling Coverage Amount Average Annual Premium
$200,000 $756
$250,000 $917
$300,000 $1,003
$350,000 $1,198
$400,000 $1,389

Average Home Insurance Rates in Oakland, CA by Company

Here is a table comparing the annual premiums from some of the leading insurance companies in Oakland.

Company Annual Premium
Allstate $1,387
USAA $1,799
State Farm $1,842
Universal North America $2,270
Hartford $1,754
Nationwide $1,987
Chubb $3,176
AIG $,2567

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
Los Angeles $2,613
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 tailored to your specific needs with just a few clicks. By offering quick online quotes from reliable insurers, Insuranceopedia allows you to easily compare rates.

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

FAQs

Who has the cheapest home insurance in Oakland, CA?

In Oakland, California, Allstate offers the most affordable home insurance option, with an annual premium of $1,387

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

On average, homeowners insurance in Oakland, California, costs around $2,302 per year.

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