Best & Cheapest Homeowners Insurance in Torrance, CA May, 2024
Allstate is the most budget-friendly choice for homeowners insurance in Torrance, with an average yearly quote of $1,125.
After thoroughly evaluating home insurance providers in Torrance, California, Allstate emerges as the most budget-friendly option, offering an average annual rate of $1,125. However, the best insurer for you may vary depending on your specific circumstances and requirements.
For older homes, Nationwide leads with competitive rates of $1,146 per year and comprehensive coverage. For newly constructed homes, State Farm provides the most cost-effective solution at $994 annually.
If you have a history of claims, Allstate offers an affordable option at $1,323 per year.
For those with significant personal property needing protection, State Farm is again the top choice, offering extensive coverage at a reasonable $1,482 per year.
At Insuranceopedia, our detailed analysis aims to help you find the perfect fit for your home insurance needs. By comparing customer ratings, examining personal experiences, and presenting comparison charts, we provide all the necessary information to help you make an informed decision.
How much is homeowners insurance in Torrance, CA?
Allstate provides the most affordable homeowners insurance rate in Torrance, at $1,125 annually.
The rates in Torrance are slightly higher than the national average but lower than the average for the state of California.
| Area | Average Monthly Rate |
| National | $1,820 |
| California | $2,008 |
| Torrance | $1,854 |
It’s important to understand that insurance rates are not standardized; they can vary significantly based on various factors.
Cheapest Homeowners Insurance in Torrance, CA, 2024
Our Methodology
To find the most affordable home insurance rates in Torrance, we looked at data from multiple home insurance review websites. Some of these sources analyzed rates from public filings obtained through Quadrant Information Services. In this review, we've averaged those rates, but it's important to remember that each company's rates can change frequently and depend on individual circumstances. Additionally, the overall rating also reflects my subjective opinion, based on fifteen years of experience as a licensed insurance agent and over three decades of acquiring home insurance.
Quotes Analyzed
Years Of Industry Experience
Brands Reviewed
Research Hours
Cheapest homeowners insurance in Torrance, CA
Allstate is the most budget-friendly option for homeowners insurance in Torrance, CA, with an average annual rate of $1,125.
| Company | Annual Premium |
| Allstate | $1,125 |
| Travelers | $1,372 |
| State Farm | $1,429 |
| Nationwide | $1,924 |
| AIG | $2,296 |
Your policy’s price is influenced by several factors including location, home value, and claims history. Allstate offers a balanced combination of affordability and comprehensive coverage.
Cheapest Homeowners Insurance in Torrance If You Have an Older Home
If you own an older home, Nationwide offers the most economical option with an average annual rate of $1,146.
| Insurance Company | Average Annual Premium |
| Nationwide | $1,146 |
| USAA | $1,170 |
| State Farm | $1,299 |
| Farmers | $1,456 |
| Chubb | $2,137 |
Older homes often come with unique risks and maintenance challenges that can raise insurance costs. Nationwide offers competitive rates and comprehensive coverage tailored to address the needs of older homes.
Cheapest Homeowners Insurance in Torrance for Newly Constructed Homes
For proud owners of newly constructed homes, State Farm is the most budget-friendly choice, providing an average annual rate of $994.
| Insurance Company | Average Annual Premium |
| State Farm | $994 |
| Allstate | $1,008 |
| USAA | $1,155 |
| Nationwide | $1,464 |
| AIG | $2,049 |
Newly built homes often require different coverage compared to older properties, and State Farm excels in providing affordable policies tailored to meet these specific needs.
Cheapest Home Insurance in Torrance for a History of Claims
Homeowners with a history of claims can find an affordable solution with Allstate, offering an average annual rate of $1,323.
| Insurance Company | Average Annual Premium |
| Allstate | $1,323 |
| State Farm | $1,340 |
| Mercury | $2,113 |
| Farmers | $2,714 |
| Chubb | $4,115 |
Having a history of claims can raise concerns for insurers, often leading to higher premiums. However, Allstate believes in second chances and offers reasonable rates for individuals with past claims.
Cheapest Home Insurance Rates in Torrance for Lots of Personal Property
If you own a significant amount of personal property, State Farm offers the most economical option, with an average annual rate of $1,482.
| Insurance Company | Average Annual Premium |
| State Farm | $1,482 |
| Travelers | $1,498 |
| Nationwide | $2,376 |
| Farmers | $2,602 |
| Chubb | $4,367 |
The more personal property you own, the higher your coverage needs, which can lead to increased premiums. State Farm provides comprehensive coverage at affordable rates, ensuring that all your belongings are sufficiently protected.
Best Homeowners Insurance Companies in Torrance, CA
Choosing the right homeowners insurance isn’t just a necessity; it’s a thoughtful decision. Torrance features homes with a diverse history, much like its residents. Therefore, finding an insurance provider that offers extensive coverage at competitive rates is crucial.
To make your decision-making easier, we’ve compiled a list of the top homeowners insurance companies in Torrance, CA. Our evaluation considers factors such as annual premiums, coverage options, customer satisfaction ratings, and overall reliability. Explore our comparison chart below to find the perfect match for your home insurance needs.
| Company | Annual Premium |
| Allstate | $1,125 |
| Travelers | $1,372 |
| State Farm | $1,429 |
| Met Life | $1,599 |
| Nationwide | $1,924 |
| Hartford | $2,640 |
| AIG | $2,296 |
| Chubb | $3,364 |
Average Home Insurance Rates by Zip Codes
Homeowners insurance rates in Torrance, CA can vary significantly depending on the zip code. Below, you’ll find tables displaying rates for various zip codes in Torrance, 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) |
| 90506 | $1,306 |
| 90510 | $1,544 |
| 90503 | $1,287 |
| 90509 | $1,362 |
| 90501 | $1,442 |
| 90507 | $1,404 |
Cheapest Zip Codes
| ZIP Code | Average Insurance Premium (Annual) |
| 90506 | $1,306 |
| 90503 | $1,287 |
| 90509 | $1,362 |
| 90505 | $1,297 |
Most Expensive Zip Codes
| ZIP Code | Average Insurance Premium (Annual) |
| 90501 | $1,442 |
| 90510 | $1,544 |
| 90507 | $1,404 |
| 90508 | $1,407 |
Average Home Insurance Rates in Torrance, CA by Deductible Amount
The deductible amount selected for a homeowners insurance policy greatly influences the premium rates in Torrance, CA. Here’s how the average home insurance rates fluctuate for different deductible amounts:
| Deductible Amount | Annual Rate |
| $500 | $845 |
| $1,000 | $760 |
| $1,500 | $736 |
| $2,000 | $649 |
| $5,000 | $540 |
Average Home Insurance Rates in Torrance, CA By Coverage Amount
One critical factor that affects your premium is the dwelling coverage amount, which represents the maximum sum your insurance company will reimburse for rebuilding or repairing your home in case of damage or destruction.
Now, let’s look at a comparison chart detailing the average annual homeowners insurance premiums associated with various dwelling coverage amounts.
| Dwelling Coverage Amount | Average Annual Premium |
| $200,000 | $1,014 |
| $250,000 | $1,148 |
| $300,000 | $1,356 |
| $350,000 | $1,480 |
| $400,000 | $1,660 |
Average Home Insurance Rates in Torrance, CA by Company
Below is a comparison table showing annual premiums from some of the top providers in Torrance:
| Company | Annual Premium |
| Allstate | $1,125 |
| Travelers | $1,372 |
| State Farm | $1,429 |
| Met Life | $1,599 |
| Nationwide | $1,924 |
| Hartford | $2,640 |
| AIG | $2,296 |
| Chubb | $3,364 |
How Much is Homeowners Insurance for Other Cities in California?
Here 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 |
Getting Online Homeowners Insurance Quotes in California
Platforms like Insuranceopedia provide easy access to finding the ideal coverage for your specific needs with just a few clicks. By offering quick online quotes from reputable insurers, Insuranceopedia allows you to compare rates effortlessly.
Just input your details, and let us handle the heavy lifting. We’ll present you with a selection of options customized to your preferences. This way, you can confidently choose a policy that offers optimal value, striking a balance between cost and comprehensive coverage.
FAQs
Who has the cheapest home insurance in Torrance, CA?
Allstate offers the cheapest home insurance in Torrance, California, with an annual premium of $1,125.
What is the average cost of home insurance in Torrance, CA?
The average cost of homeowners insurance in Torrance, California, is approximately $1,854 per year.
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