The Average Cost of Homeowner's Insurance in California


The average cost of California homeowners insurance depends greatly on the location of your home, its value, the value of the contents, the value of structures on the property and the specific features of your homeowners insurance policy. Before purchasing a homeowners insurance policy there are several things you should know.


California presents challenges to homeowners and their insurance companies that many other states do not. Because a great deal of California stands on top of an active fault line, earthquakes are a great hazard. Also, the beautiful coastline offers great amenities, but it also drives up the cost of homeowners insurance due to the damage that is caused by major storms.

Because of this, the average cost of homeowners insurance in California is among the highest in the nation. There is a large number of California homeowners insurance companies to choose from when it comes to purchasing the right policy.

Risk Factors

The cost of California homeowners insurance is based upon the many different risk factors associated with your home. California has certain geographical risk factors that depending upon the area in which you live, you will have to insure against. These include earthquakes, flooding, wind, hail and wild fires.

Other risk factors associated with California homeowners insurance include vandalism, fires started within the home and damage caused by trees, rocks and mudslides. The more at risk your home is to damages for any of these reasons, the more you will have to pay for California homeowners insurance.

Special Features

The features of a California homeowners insurance policy vary according to your own desires and needs. You can tailor your policy by assessing your needs and adding features to your policy. Some common features of California homeowners insurance policy include coverage for jewelry or other valuables stored in the home, other structures on the property and coverage for the belongings in your home like your furniture. Your policy also can be tailored by choosing your deductible and the monetary limits of coverage on the structure of the home, the interior and the contents inside.

Policy Types

There are several types of California homeowners insurance policies. The standard policy covers damage to your home due to things such as fire and vandalism. You also may have to buy additional policies to further protect your home. In most cases, if you live in an area prone to earthquakes, flooding or wind damage, you will have to purchase separate policies for each of these.

Reducing Costs

There are plenty of ways to reduce how much you have to pay for your California homeowners insurance. Some tips to help you do this include: keeping your credit score high, shopping around for the best rates and bundling your homeowners insurance with other insurance products such as auto insurance. Additionally, you should evaluate just how much homeowners insurance you need. For instance, insure only the house and it contents not the land that it sits on. This is a common mistake and leads to higher California homeowners insurance costs.

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