Best & Cheapest Homeowners Insurance in Riverside, CA April, 2024

Homeowners in Riverside can benefit from the most affordable homeowners insurance rates with Allstate, offering an average annual quote of $1,496.

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Updated: 19 March 2024
Written by
Bob Phillips
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In our thorough examination of homeowners insurance providers in Riverside, CA, Allstate stands out as the most budget-friendly option, offering average annual rates of $1,496. However, it’s essential to note that the best insurer for you may vary based on your unique circumstances and requirements.

For example, if your home is on the older side, State Farm takes the lead with competitive rates of $1,396 per year, coupled with comprehensive coverage. Conversely, if you own a newly constructed home, State Farm provides the most cost-effective solution at $1,307 per year.

For individuals with a history of claims, Nationwide offers an affordable and understanding solution at $1,942 per annum. Lastly, if you possess a wealth of personal property requiring protection, Allstate once again proves to be the best choice, offering extensive coverage at a reasonable $1,589 per year.

Our in-depth analysis at Insuranceopedia is crafted to guide you toward the perfect fit for your homeowners insurance needs. Through the comparison of customer ratings, analysis of personal experiences, and presentation of comparison charts, we aim to provide you with all the information necessary to make an informed decision.

How much is homeowners insurance in Riverside, CA?

Allstate provides the most affordable rate for homeowners insurance in Riverside, with an annual cost of $1,496.

As evident below, rates in Riverside are higher than the national average. They also slightly exceed the average rates for the state of California.

Area Average Monthly Rate
National $1,820
California $2,008
Riverside $2,234

It’s crucial to grasp that insurance rates are not a one-size-fits-all matter. They can vary significantly based on a myriad of factors.

For example, your personal driving history plays a pivotal role; a record filled with traffic violations or accidents will likely lead to higher premiums than a clean slate. The type and model of your vehicle also come into play, as high-performance or luxury cars typically cost more to insure.

Your geographical location can impact your rates, too, with densely populated urban areas generally facing higher rates due to increased risk of theft or accidents. Even your age and marital status can influence your car insurance premiums.

Cheapest Homeowners Insurance in Riverside, CA

Cheapest Homeowners Insurance, Riverside, 2024

Our Methodology

To identify the most affordable home insurance rates in Riverside, we conducted an analysis based on information from various home insurance review sites. Some of these sites obtained rates from public filings provided by Quadrant Information Services. The review considers an average of these rates, but it's essential to note that each company's rates fluctuate frequently and are subject to variation based on individual circumstances. The overall rating also incorporates my subjective opinion, drawn from 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 Riverside, CA

Allstate stands out as the most cost-effective overall option for homeowners insurance in Riverside, CA, offering an average annual rate of $1,496.

Company Annual Premium
Allstate $1,496
USAA $1,521
Nationwide $1,743
State Farm $1,998
Chubb $3,245

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

Cheapest Homeowners Insurance In Riverside If You Have an Older Home

For individuals with older homes, State Farm provides the most affordable rates, averaging $1,396 per year.

Insurance Company Average Annual Premium
State Farm $1,396
Nationwide $1,865
AIG $2,730
Chubb $2,815

Older homes often come with unique risks and maintenance issues, which can drive up insurance costs. State Farm offers competitive rates and comprehensive coverage tailored to meet the specific needs of older homes.

Cheapest Homeowners Insurance for Newly Constructed Homes

If you own a newly constructed home, State Farm provides the most cost-effective solution, with an average annual rate of $1,307.

Insurance Company Average Annual Premium
State Farm $1,307
Allstate $1,409
USAA $2,023
Farmers $1,308
Chubb $2,874

New constructions often require different coverage compared to older homes, and State Farm excels in providing affordable policies tailored to these specific needs.

Cheapest Home Insurance In Riverside for a History of Claims

Homeowners with a history of claims can find an affordable solution with Nationwide, offering an average annual rate of $1,942.

Insurance Company Average Annual Premium
Nationwide $1,942
Farmers $2,107
Allstate $2,702
Chubb $3,115
Travelers $3,347

A history of claims can raise red flags for insurers, often leading to higher premiums. However, Nationwide believes in second chances and offers reasonable rates for those with past claims.

Cheapest Home Insurance Rates for Lots of Personal Property

If you have valuable personal property, Allstate provides the most affordable rates, with an average annual rate of $1,589.

Insurance Company Average Annual Premium
Allstate $1,589
Travelers $1,672
State Farm $2,157
Nationwide $3,189
Chubb $4,205

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

Best Homeowners Insurance Companies in Riverside, CA

Selecting the appropriate homeowners insurance is not just a necessity; it’s a strategic decision. With a rich history, Riverside’s homes are as unique as its residents. Therefore, finding an insurance provider that offers comprehensive coverage at competitive rates becomes paramount.

To simplify your decision-making process, we’ve compiled a list of the top homeowners insurance companies in Riverside, CA. These companies have been assessed based on their 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
Allstate $1,496
USAA $1,521
Nationwide $1,743
Travelers $1,786
AAA $1,846
State Farm $1,998
AIG $2,368
Farmers $3,147
Chubb $3,245

Average Home Insurance Rates by Zip Codes

The price of homeowners insurance in Riverside, CA can differ considerably depending on the zip code. Below, you’ll find tables displaying rates for various zip codes in Riverside, along with the least and most expensive zip codes in the region for annual home insurance premiums.

ZIP Code Average Insurance Premium (Annual)
92503 $950
92504 $961
92505 $972
92521 $1,030
92508 $1,007
92501 $1996

Cheapest Zip Codes

ZIP Code Average Insurance Premium (Annual)
92503 $950
92504 $961
92505 $972

Most Expensive Zip Codes

ZIP Code Average Insurance Premium (Annual)
92521 $1,030
92508 $1,007
92501 $1996

Average Home Insurance Rates in Riverside, CA by Deductible Amount

The chosen deductible amount for a homeowners insurance policy has a notable impact on the premium rates in Riverside, CA. Here’s a breakdown of how the average home insurance rates fluctuate for different deductible amounts:

Deductible Amount Annual Rate
$500 $1,007
$1,000 $899
$1,500 $850
$2,000 $762
$5,000 $639

Average Home Insurance Rates in Riverside, CA By Coverage Amount

One crucial factor influencing your premium is the dwelling coverage amount, representing the maximum sum your insurance company will pay to rebuild or repair your home if it’s damaged or destroyed.

Now, let’s delve into a comparison chart that illustrates the average annual homeowners insurance premiums for various dwelling coverage amounts.

Dwelling Coverage Amount Average Annual Premium
$200,000 $699
$250,000 $897
$300,000 $943
$350,000 $1,058
$400,000 $1,372

Average Home Insurance Rates in Riverside, CA by Company

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

Company Annual Premium
Allstate $1,496
USAA $1,521
Nationwide $1,743
Travelers $1,786
AAA $1,846
State Farm $1,998
AIG $2,368
Farmers $3,147
Chubb $3,245

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
Los Angeles $2,613
San Diego $1,736

Getting Online Homeowners Insurance Quotes in California

With informative platforms like Insuranceopedia, discovering the best coverage for your specific needs is only a few clicks away. By offering prompt online quotes from a range of top-rated insurers, Insuranceopedia allows you to compare rates effortlessly.

Simply input your details and let us handle the heavy lifting, presenting you with a selection of options customized to your requirements. This enables you to confidently select a policy that offers the best value, striking a balance between cost and comprehensive coverage.

FAQs

Who has the cheapest home insurance in Riverside, CA?

The Allstate offers the most affordable homeowners insurance in Riverside, California, with an annual premium of $1,496.

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

The typical expense for homeowners insurance in Riverside, California, is around $2,234 per year.

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