Best & Cheapest Homeowners Insurance in San Francisco, CA For May, 2024
Allstate offers the cheapest homeowners insurance to homeowners in San Francisco, with an average annual quote of $1,278.
In our comprehensive review of homeowners insurance providers in San Francisco, CA, Allstate emerges as the most budget-friendly option, with average annual rates of $1,278. However, keep in mind that the best insurer for you may vary based on your unique circumstances and requirements.
For instance, if your home is on the older side, Nationwide rises to the top with its competitive rates of $1,377 per year, and comprehensive coverage. On the other hand, if you’re the proud owner of a newly constructed home, State Farm offers the most cost-effective solution at $1,049 per year.
For those who’ve had a history of claims, Farmers provides an affordable and understanding solution at $1,917 per annum.
Last, if you possess a wealth of personal property that needs protection, State Farm again proves to be your best bet, offering extensive coverage at a reasonable $1,535 per year.
Our in-depth analysis at Insuranceopedia is designed to guide you toward the perfect fit for your homeowners insurance needs. By comparing customer ratings, analyzing personal experiences, and presenting comparison charts, we will provide you with all the information necessary to make an informed decision.
How much is homeowners insurance in San Francisco, CA?
Allstate offers the most affordable rate for homeowners insurance in San Francisco, at $1,278 annually.
As you can see below, rates in San Francisco are higher than the National average. The rates are also slightly higher than the California State average.
| Area | Average Monthly Rate |
| National | $1,820 |
| California | $2,008 |
| San Francisco | $2,084 |
It’s important to understand that rates are not a one-size-fits-all matter. They can fluctuate significantly based on a myriad of factors.
Cheapest Homeowners Insurance in San Francisco, CA
Our Methodology
To find the cheapest home insurance rates in San Francisco, we analyzed findings from numerous home insurance review sites, some of which analyzed rates from public filings obtained by Quadrant Information Services. We’ve used an average of those rates for this review, but each company’s rates change frequently and will vary based on your situation. Also factored into the overall rating is my subjective opinion based on fifteen years of experience as a licensed insurance agent and over three decades of purchasing home insurance.
Quotes Analyzed
Years Of Industry Experience
Brands Reviewed
Research Hours
Cheapest homeowners insurance in San Francisco, CA
Allstate emerges as the cheapest overall option for homeowners insurance in San Francisco, CA, with an average annual rate of $1,278.
| Company | Annual Premium |
| Allstate | $1,278 |
| State Farm | $1,491 |
| USAA | $1,553 |
| Nationwide | $1,745 |
| AIG | $2,855 |
The cost of your policy is influenced by many factors, including location, home value, and your claims history. Allstate offers a balanced blend of affordability and comprehensive coverage.
Cheapest Homeowners Insurance In San Francisco If You Have an Older Home
For those with older homes, Nationwide offers the cheapest rates, averaging $1,377 per year.
| Insurance Company | Average Annual Premium |
| Nationwide | $1,377 |
| Hartford | $1,965 |
| AIG | $2,170 |
| Chubb | $2,306 |
Older homes often come with unique risks and maintenance issues, which can drive up insurance costs. Nationwide offers competitive rates and comprehensive coverage tailored to meet the needs of older homes.
Cheapest Homeowners Insurance for Newly Constructed Homes
If you’re the proud owner of a newly constructed home, State Farm offers the most cost-effective solution, with an average annual rate of $1,049.
| Insurance Company | Average Annual Premium |
| State Farm | $1,049 |
| Allstate | $1,164 |
| USAA | $1,223 |
| Nationwide | $1,327 |
| 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 San Francisco for a History of Claims
For homeowners with a history of claims, Farmers provides an affordable solution, with an average annual rate of $1,917.
| Insurance Company | Average Annual Premium |
| Farmers | $1,917 |
| Mercury | $2,704 |
| Nationwide | $2,702 |
| AIG | $3,115 |
| Travelers | $3,347 |
A history of claims can raise red flags for insurers, often leading to higher premiums. However, Farmers 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 a wealth of personal property, State Farm offers the cheapest rates, with an average annual rate of $1,535.
| Insurance Company | Average Annual Premium |
| State Farm | $1,535 |
| USAA | $1,672 |
| Nationwide | $2,157 |
| AIG | $3,189 |
| Chubb | $4,205 |
The more personal property you have, the higher your coverage needs, which can increase premiums. State Farm provides extensive coverage at reasonable rates, ensuring all your belongings are adequately protected.
Best Homeowners Insurance Companies in San Francisco, CA
Choosing the right homeowners insurance is not just a necessity; it’s a strategic decision. With a rich history, San Francisco’s homes are as unique as its residents. Therefore, finding an insurance provider that offers comprehensive coverage at competitive rates becomes paramount.
To make your decision-making process easier, we’ve compiled a list of the top homeowners insurance companies in San Francisco, CA. These companies have been assessed based on their annual premiums, coverage options, customer satisfaction ratings, and overall reliability. Take a look at our comparison chart below and find the perfect fit for your home insurance needs.
| Company | Annual Premium |
| Allstate | $1,278 |
| Universal | $2,267 |
| Farmers | $2,224 |
| Nationwide | $1,745 |
| Chubb | $3,228 |
| State Farm | $1,491 |
| USAA | $1,553 |
| AIG | $2,855 |
Average Home Insurance Rates by Zip Codes
The cost of homeowners insurance in San Francisco, CA can vary significantly based on the zip code. Below are tables showcasing rates for different zip codes in San Francisco, along with the five cheapest and most expensive zip codes in the area for annual home insurance premiums.
| ZIP Code | Average Insurance Premium (Annual) |
| 94112 | $1,246 |
| 94122 | $1,236 |
| 94110 | $1,256 |
| 94134 | $1,263 |
| 94118 | $1,234 |
| 94124 | $1,265 |
Cheapest Zip Codes
| ZIP Code | Average Insurance Premium (Annual) |
| 94123 | $1,199 |
| 94128 | $1,179 |
| 94102 | $1,223 |
| 94121 | $1,223 |
| 94132 | $1,226 |
Most Expensive Zip Codes
| ZIP Code | Average Insurance Premium (Annual) |
| 94141 | $1,426 |
| 94105 | $1,387 |
| 94125 | $1,372 |
| 94113 | $1,374 |
| 94134 | $1,361 |
Average Home Insurance Rates in San Francisco, CA by Deductible Amount
The deductible amount chosen for a homeowners insurance policy significantly affects the premium rates in San Francisco, CA. Here’s how the average home insurance rates fluctuate for different deductible amounts:
| Deductible Amount | Annual Rate |
| $500 | $936 |
| $1,000 | $830 |
| $1,500 | $784 |
| $2,000 | $702 |
| $5,000 | $588 |
Average Home Insurance Rates in San Francisco, CA By Coverage Amount
One of the key components that influences your premium is the dwelling coverage amount. This is the maximum amount your insurance company will pay to rebuild or repair your home if it’s damaged or destroyed.
Let’s take a closer look at a comparison chart that outlines the average annual homeowners insurance premiums for different dwelling coverage amounts.
| Dwelling Coverage Amount | Average Annual Premium |
| $200,000 | $542 |
| $250,000 | $830 |
| $300,000 | $945 |
| $350,000 | $1,056 |
| $400,000 | $1,239 |
Average Home Insurance Rates in San Francisco, CA by Company
Here’s a comparison table showcasing annual premiums from some of the top providers in San Francisco:
| Company | Annual Premium |
| Nationwide | $1,442 |
| AAA | $1,635 |
| Universal North America | $1,467 |
| Chubb | $2,469 |
| USAA | $1,491 |
| Allstate | $1,503 |
| AIG | $1,695 |
| State farm | $1,876 |
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 |
| Oakland | $1,830 |
| Los Angeles | $2,613 |
| Riverside | $2,234 |
| San Diego | $1,736 |
Getting Online Homeowners Insurance Quotes in California
With informative sites like Insuranceopedia, finding the best coverage for your unique needs is just a few clicks away. By providing quick online quotes from a variety of top-rated insurers, Insuranceopedia helps you to compare rates at a glance.
Just input your details and let us do the hard work, presenting you with a range of options tailored to your requirements. This way, you can confidently choose a policy that offers the highest value, balancing cost with comprehensive coverage.
FAQs
Who has the cheapest home insurance in San Francisco, CA?
The cheapest home insurance in San Francisco, California, is provided by Allstate, with an annual premium of $1,278
What is the average cost of home insurance in San Francisco, CA?
The average cost of homeowners insurance in San Francisco, California, is approximately $2,084 per year.
Sources
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