Best & Cheapest Homeowners Insurance in San Francisco, CA For April, 2024

Allstate offers the cheapest homeowners insurance to homeowners in San Francisco, with an average annual quote of $1,278.

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Updated: 29 March 2024
Written by
Bob Phillips
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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.

For instance, 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 San Francisco, CA

Cheapest Homeowners Insurance, San Francisco, 2024

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.

66

Quotes Analyzed

15+

Years Of Industry Experience

24

Brands Reviewed

40+

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.

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