The average cost of homeowners insurance in Los Angeles is $1,285 per year (for the coverage level of $300,000 for dwelling, $100,000 for liability protection and $1000 deductible), based on Insure.com’s rate data analysis. It’s ~$997 less than the national average of $2,282.
However, homeowners insurance rates can vary drastically from one home to another. Home insurance rates in Los Angeles depend on a number of factors, including:
- Size of your home
- Age of your home
- Amount of coverage you need
- Your credit score
To make sure you are getting the best deal on home insurance, it is important to get quotes from multiple insurers to find the right coverage for your needs. Read this guide to know how much homeowners insurance cost per month in Los Angeles, home insurance cost for different dwelling coverage, also know which companies offer cheap home insurance in Los Angeles.
In this guide, we will explain everything from what coverage options are available to which companies have the cheapest rates for homeowners insurance in Los Angeles.
How much is homeowners insurance in Los Angeles per month
Los Angeles homeowners pay an average of $107.08 a month, based on our rate analysis. It’s ~$12 more than the state average of $95.33 and ~$83 less than the national average for home insurance across the United States. The price of your homeowners insurance policy in Los Angeles may vary depending on where you live, the value of your home, and the coverage you choose.
How much is homeowners insurance for a $200,000 house in Los Angeles
The average cost of homeowners insurance in Los Angeles, CA is $896 annually for the dwelling coverage of $200,000 and the liability protection of $100,000. The amount you pay for home insurance each year depends on many different things. The types of natural disasters or events that take place in your area affect how much you pay for coverage in your city.
Some areas are more at risk for natural disasters, like flood, hurricanes, or tornadoes. This means that if something happens, the cost of rebuilding would be higher in those areas, thereby leading to higher insurance premiums. Your insurance policy might not cover damage caused by floods or hurricanes. So, if you live in a flood-prone area, consider buying flood insurance coverage.
How much is homeowners insurance for a $300,000 house in Los Angeles
According to a rate analysis by Insure.com, homeowners in Los Angeles pay an average of $1,285 per year for a $300,000 house. These rates are for the coverage limits of $100,000 for liability protection and $1000 deductible.
If you increase your dwelling coverage from $200,000 to $300,000, you will just have to pay $389 more a year for home insurance. It would be best to buy enough insurance to cover the full cost of rebuilding your home.
However, the amount of dwelling coverage you need may vary depending on the size of your home, the features in your home, and the cost of living in your area.
How much is homeowners insurance in Los Angeles by Company
Among the carriers analyzed, Allstate Ins Grp is the cheapest homeowners insurance company in Los Angeles. Its average annual rate for Los Angeles homeowners is $798 . CSAA Ins Grp ranks second and United Serv Automobile Assn Grp makes it to the third spot with an average annual home insurance rate of $975 .
Before choosing a homeowners insurance policy, it is important to do some research on the company. Our experts have analyzed all the insurance companies across Los Angeles and prepared a list of the top ten cheapest home insurance providers. You can find below the Los Angeles home insurance companies and their average annual premium.
|Home Insurance Company||Annual rate|
|United Serv Automobile Assn Grp||$975|
|CSAA Ins Grp||$961|
|Allstate Ins Grp||$798|
|Farmers Ins Grp||$1,769|
|Nationwide Corp Grp||$1,654|
|Auto Club Enterprises Ins Grp||$1,331|
|State Farm Grp||$1,150|
|Liberty Mut Grp||$1,137|