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

Allstate stands out as the most affordable option for homeowners insurance in San Jose, providing an average annual quote of $1,129.

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Updated: 30 March 2024
Written by
Bob Phillips
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In our thorough evaluation of home insurance providers in San Jose, California, Allstate stands out as the most budget-friendly choice, with an average annual rate of $1,129. It’s important to note that the ideal insurer for your situation may vary depending on your specific circumstances and needs.

For instance, if your home is on the older side, State Farm takes the lead with competitive rates of $1,267 per year and comprehensive coverage. Conversely, if you own a newly constructed home, State Farm again offers the most cost-effective solution at $976 per year.

For individuals with a history of claims, USAA provides an affordable and understanding option at $1,270 per year.

Finally, if you have a significant amount of personal property requiring protection, Allstate once again proves to be the top choice, offering extensive coverage at a reasonable $1,440 per year.

Our in-depth analysis at Insuranceopedia aims to assist you in finding the perfect fit for your home insurance needs. Through the comparison of customer ratings, examination of personal experiences, and presentation of comparison charts, we provide all the necessary information to help you make an informed decision.

How much is homeowners insurance in San Jose, CA?

Allstate offers the most affordable rate for homeowners insurance in San Jose, at $1,129 annually.

Below, you can observe that the rates in San Jose are a bit lower than  both the national average and the  state of California average.

Area Average Monthly Rate
National $1,820
California $2,008
San Jose $1,807

It’s essential to note that insurance rates are not standardized; they can vary significantly based on various factors.

For instance, your individual driving history is crucial; a record with numerous traffic violations or accidents usually results in higher premiums compared to a clean driving record. The type and model of your vehicle are also significant factors, as insuring high-performance or luxury cars typically incurs higher costs.

Your geographical location can also impact your rates. Urban areas with higher population density generally experience elevated rates due to an increased risk of theft or accidents. Additionally, factors such as age and marital status can influence your car insurance premiums.

Cheapest Homeowners Insurance in San Jose, CA, 2024

Cheapest Homeowners Insurance, San Jose, 2024

Our Methodology

To find the most affordable home insurance rates in San Jose, we examined information from various home insurance review websites. Some of these sources analyzed rates from public filings acquired through Quadrant Information Services. In this review, we've considered an average of those rates, but it's important to note that each company's rates can fluctuate regularly and depend on individual circumstances. Furthermore, the overall rating also takes into account my subjective opinion, shaped by fifteen years of experience as a licensed insurance agent and over three decades of obtaining home insurance.

66

Quotes Analyzed

15+

Years Of Industry Experience

24

Brands Reviewed

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Research Hours

Cheapest homeowners insurance in San Jose, CA

Allstate stands out as the most budget-friendly choice for homeowners insurance in San Jose, CA, boasting an average annual rate of $1,129.

Company Annual Premium
Allstate $1,129
State farm $1,370
USAA $1,566
Nationwide $1,970
Chubb $2,801

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

Cheapest Homeowners Insurance If You Have an Older Home

If you own an older home, State Farm emerges as the most economical option with an average annual rate of $1,267.

Insurance Company Average Annual Premium
State Farm $1,267
Farmers $1,340
Nationwide $1,425
AIG $1,842
Chubb $2,350

Older homes often present distinctive risks and maintenance challenges that can increase insurance expenses. State Farm provides competitive rates and comprehensive coverage specifically designed to address the requirements of older homes.

Cheapest Homeowners Insurance for Newly Constructed Homes

For proud owners of newly constructed homes, State Farm stands out as the most budget-friendly choice, offering an average annual rate of $976.

Insurance Company Average Annual Premium
State Farm $976
Allstate $1,216
Nationwide $1,499
AIG $1,930
Chubb $2,490

Newly built homes often demand distinct coverage compared to older properties, and State Farm excels in delivering affordable policies customized 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 USAA, featuring an average annual rate of $1,270.

Insurance Company Average Annual Premium
USAA $1,270
Mercury $1,569
Travelers $2,460
Nationwide $2,670
Chubb $3,537

Having a history of claims can trigger concerns for insurers, typically resulting in higher premiums. Nonetheless, USAA believes in second chances and provides reasonable rates for individuals with past claims.

Cheapest Home Insurance Rates for Lots of Personal Property

If you possess a substantial amount of personal property, Allstate provides the most economical option, with an average annual rate of $1,440.

Insurance Company Average Annual Premium
Allstate $1,440
AAA $1,872
State Farm $1,947
AIG $2,014
Chubb $3,193

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

Best Homeowners Insurance Companies in San Jose, CA

Selecting the appropriate homeowners insurance isn’t merely a requirement; it’s a thoughtful choice. San Jose boasts homes with a diverse history, much like its residents. Consequently, the search for an insurance provider delivering extensive coverage at competitive rates becomes crucial.

To simplify your decision-making, we’ve created a list of the leading homeowners insurance companies in San Jose, CA. Our evaluation considers factors like annual premiums, coverage choices, customer satisfaction ratings, and overall reliability. Explore our comparison chart below to identify the ideal match for your home insurance requirements.

Company Annual Premium
Allstate $1,129
State farm $1,370
USAA $1,566
Nationwide $1,970
Chubb $2,801
Farmers $2,350
AIG $2,170
MetLife $3,245

Average Home Insurance Rates by Zip Codes

The price of homeowners insurance in San Jose, CA can vary significantly depending on the zip code. Here, you’ll find tables displaying rates for various zip codes in San Jose, as well as information on the five least expensive and most expensive zip codes in the region for annual home insurance premiums.

ZIP Code Average Insurance Premium (Annual)
95127 $1,310
95111 $1,275
95136 $1,226
95125 $1,212
95148 $1,293
95112 $1,283

Cheapest Zip Codes

ZIP Code Average Insurance Premium (Annual)
95124 $1,205
95118 $1,215
95130 $1,224
95136 $1,226
95192 $1,238

Most Expensive Zip Codes

ZIP Code Average Insurance Premium (Annual)
95148 $1,293
95121 $1,283
95127 $1,310
95132 $1,286
95141 $1,317

Average Home Insurance Rates in San Jose, CA by Deductible Amount

The deductible amount chosen for a homeowners insurance policy significantly affects the premium rates in San Jose, CA. Here’s how the average home insurance rates fluctuate for different deductible amounts:

Deductible Amount Annual Rate
$500 $865
$1,000 $756
$1,500 $716
$2,000 $646
$5,000 $542

Average Home Insurance Rates in San Jose, CA By Coverage Amount

One critical factor impacting your premium is the dwelling coverage amount, representing the maximum sum your insurance company will reimburse for rebuilding or repairing your home in case of damage or destruction.

Now, let’s examine a comparison chart detailing the average annual homeowners insurance premiums associated with various dwelling coverage amounts.

Dwelling Coverage Amount Average Annual Premium
$200,000 $685
$250,000 $819
$300,000 $1,035
$350,000 $1,256
$400,000 $1,554

Average Home Insurance Rates in San Jose, CA by Company

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

Company Annual Premium
Allstate $1,129
State farm $1,370
USAA $1,566
Nationwide $1,970
Chubb $2,801
Farmers $2,350
AIG $2,170
MetLife $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
Los Angeles $2,613
Riverside $2,234
San Diego $1,736

Getting Online Homeowners Insurance Quotes in California

Accessible platforms such as Insuranceopedia make it easy to discover the ideal coverage for your specific needs with just a few clicks. Offering swift online quotes from reputable insurers, Insuranceopedia enables 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 preferences. This way, you can confidently select a policy that provides optimal value, striking a balance between cost and comprehensive coverage.

FAQs

Who has the cheapest home insurance in San Jose, CA?

The cheapest home insurance in San Jose, California, is provided by Allstate, with an annual premium of $1,129

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

The average cost of homeowners insurance in San Jose, California, is approximately $1,807 per year.

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