Best Homeowners Insurance Companies In California For 2024

Our first choice for the best homeowners coverage in California is State Farm. This is a company that has received the best rating (A++) from AM Best for its financial stability and strength. In customer satisfaction, J.D. Power gives State Farm a respectable rating of 829/1000, a number based on many positive online reviews left by customers. With a lot of local offices and agents in California, policyholders can be sure of getting good service.

State Farm’s standard homeowners insurance policy offers coverage not often offered  by insurers. One such type of coverage protects you in the event that you fall prey to credit card fraud. Or perhaps you’re a member of an HOA with very strict rules, and are having a hard time complying with ordinances or legal coverage. State Farm has the coverage for those problems, along with others. Please note that AM Best has bestowed the  highest financial rating for State Farm, with an A++.

Initiating the process of buying home insurance from State Farm is fast and easy, because you can do it online. However, if you decide to purchase insurance from this company, you will have to meet with an agent. For your convenience, you’ll be able to access your account using the State Farm app or website. You can also utilize online tools to enroll in auto pay, arrange paperless billing, or file a claim. There’s a handy online resource library that will provide you with valuable information about insurance, too.

Chubb has the lowest price homeowners insurance in California with an average insurance policy price of $1,362 per year. This is $1,170 less than the average premium statewide.

Don’t mistake their lower cost for lower quality coverage, though. This insurer offers the best homeowners insurance rates in the state along with high quality customer service, coverage  of high end homes, and exceptional financial strength. When you insure with Chubb, you’ll receive affordable premiums plus coverage providing extended replacement cost to replace  or repair your property, even if it’s not worth the price you paid for it originally.

AM Best rates Nationwide A+ Superior because it’s financially strong and stable. Ratings based on customer satisfaction run a bit on the low side, but overall it has a high rating. California has an abundance of local Nationwide offices and agents, which is good news for policyholders.

Homeowner coverage with Nationwide allows you to take advantage of coverage options not usually offered by the majority of companies  For instance, you might be reimbursed for losses such as Identity Theft or credit card fraud, along with law coverage and the cost of being in compliance with newer, stricter HOA codes if you must rebuild due to a covered loss.

If you have to repair or replace your roof after a covered weather event, Nationwide’s Better Roof Replacement is an option that provides you with more coverage when you must purchase new material at a higher, current price.

With Nationwide’s Brand New Belongings option, you’ll receive reimbursement for the depreciated value of your belongings if they’re damaged or destroyed. All you have to do is  buy replacements, and then send your receipts to Nationwide to get the difference in cost.

Farmers insurance receives a top rating for its multiple perks received by policyholders. it also ranks at the top with customers in the area of online experience. This is because of its  explanations of what those perks are and how they can be beneficial to you. This is valuable information if you’re shopping for the best home insurance you can find. Here are a few of the perks provided by Farmers:

• Replacement Cost Guaranteed: If you must rebuild your home, Farmers will pay you the full price to rebuild, no matter the cost
• Discount if Claim Free: Go at least three years without filing a claim and you get a discount on your premium
• Multi Line Policies: Putting all your eggs in one basket insurance-wise is a good move with Farmers and can save you a substantial sum. Insure your vehicle and home, for example, and you can save as much as 34% off your premium
• Claim Forgiveness: If you have made it five years without filing a claim, your rates won’t be raised if and when you do
• Deductible Declines: For each year that your Farmers policy is current, you’ll receive $50 off your deductible

Farmers has a top notch rating of 9.3/10. This rating is a reflection of its lower than the national average customer satisfaction ratings according to J.D. Power.

The home insurance industry has an average number of seven discounts, whereas Allstate home insurance offers eleven discounts. This is a valuable piece of information, because discounts can save you a lot on your home insurance. I, and many homeowner insurance analysts, believe that Allstate’s discounts are uniquely tailor-made to fit multiple needs.

Allstate’s discounts include:

• Automatic Payment: If you like the convenience of having your monthly payments automatically deducted from your bank account, Allstate offers a  5% savings
• Protective Device: You will receive a discount if you install fire and theft protection devices
• Claims Free: Receive savings of five percent upon policy renewal, provided you haven’t filed any claims during the year
• Early Payment: You might receive a ten percent discount if you purchase a new policy one week or less before you renew your existing policy
• New Home Buyer: Get a discount if you’ve recently become a home buyer
• New Home: Building a new house will qualify you for a discount
• Deductible Reward: When you take out an Allstate policy, your deductible is decreased by $100
• Claims Forgiveness: You’ll have no rate increase following a claim with the extra coverage from the claims forgiveness feature
• Responsible Payment: A good, solid payment record gets you a premium discount
• Loyalty: When you renew your Allstate policy, you’ll receive up to a 10% discount
• Bundle: Get a discount of as much as 25% off your deductible if you have more than one type of insurance, like homeowners and auto insurance.

The national insurance industry has 7 options in types of discounts. But Allstate has nearly double that figure for home insurance, with 11 discounts. Other than the more common options such as ID Theft along with personal property schedules, Allstate has unique options for homeowners with yards and gardens. This option raises coverage limits if you must replace or repair lawn and garden items like mowers and landscaping.