Los Angeles Homeowners Insurance

The Zebra
Aug. 26, 2019

How to find cheap homeowners insurance in Los Angeles


Home insurance is a hugely important part of owning a home. Along with your home furnishings and other belongings, homeowners insurance covers your dwelling against many different perils, including fire, wind damage, vandalism, and theft. With the relative frequency of such incidents -- and the high cost of rebuilding or repairing damages to a home -- obtaining homeowners insurance is a smart investment.

The cost of homeowners insurance coverage depends on many factors. This can include the overall value of your house, the value of your personal belongings, and the materials that were used when building your home. Location also plays a role in determining the price of your homeowners insurance policy. In areas prone to perils likefrozen pipes, hail, windstorms, or wildfires, home insurance policies may be more expensive to account for the extra risk. Discover more info about what a home insurance policy covers.

If you want to find affordable homeowners insurance in Los Angeles, start with shopping around and comparing different policies. Take a look at the summary below showing average homeowners insurance premiums in Los Angeles to begin your home insurance search with as much knowledge as possible. Remember: your homeowners insurance premiums may vary based on your coverage limits and other factors.


Los Angeles, California, homeowners insurance:
  1. Rates by company
  2. Rates by coverage level
  3. Rates by ZIP code
  4. Insurance bundle discounts

Home insurance in Los Angeles by insurance company

What you pay for homeowners insurance in Los Angeles will depend on the insurance company you get your policy through. The most inexpensive home insurance in Los Angeles comes from Mercury, which offers average annual rates of just $625 per year. This is more favorable than the city’s average home insurance premium of $1,072.

Take a look at the cheapest insurance companies in Los Angeles, California to find the best homeowners policy for your needs.


AFFORDABLE HOMEOWNERS INSURANCE COMPANIES IN LOS ANGELES
CompanyAverage Annual Rate
Mercury$625
Allstate$678
USAA$801
Nationwide$855
AAA$876

Average home insurance costs in Los Angeles by coverage level

Your chosen amount of homeowners coverage has an impact on the insurance premiums you pay . Homeowners in Los Angeles who carry $200K in dwelling coverage pay an average of $764 per year, while those with coverage up to $400K pay around $1,423 per year.


HOMEOWNERS INSURANCE RATES IN LOS ANGELES — POPULAR COVERAGE LIMITS
Coverage LevelAverage Annual Rate
$200K Dwelling$764
$400K Dwelling$1,423

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Los Angeles home insurance prices by ZIP code

Not every area of Los Angeles has equal home insurance costs. One of the factors that insurers use when pricing your policy is the number of claims filed in your surrounding area. As such, the location of your house can drastically influence your home insurance premium.

To find the cheapest home insurance rates in Los Angeles, look no further than 90501. In the 90501 area, homeowners policies typically cost just $837 per year — a full $234 less than the Los Angeles average. Find the best places to live in Los Angeles for cheap home insurance by looking at the following table.


AFFORDABLE AREAS FOR HOMEOWNERS INSURANCE IN LOS ANGELES
ZIP CodeAverage Annual Home Insurance Rate
90501$837
90732$860
90731$878

Other areas of Los Angeles, however, face homeowners rates that are higher than the city average . Crime rates, fire risk, and even your proximity to emergency services could lead insurance companies to see certain neighborhoods as higher risk, which could drive up area rates. An average annual rate of $1,272 makes 90210 the most expensive ZIP code in Los Angeles for homeowners insurance.


EXPENSIVE AREAS FOR HOMEOWNERS INSURANCE IN LOS ANGELES
ZIP CodeAverage Annual Home Insurance Rate
90210$1,272
90069$1,216
90073$1,214



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Money-saving tip: bundle home and auto insurance in Los Angeles

You might want to consider bundling your auto and home insurance policies through the same company if you are looking to save on overall insurance costs . Bundling home and auto insurance is one way to save substantially on your monthly car insurance premiums. Bundling policies in Los Angeles could, in fact, lead to average annual savings of 12%.


CHEAPEST AUTO INSURANCE RATES WITH HOME BUNDLE IN LOS ANGELES
CompanyAvg. Annual Auto Insurance Rate (Bundle)
Mercury$1,615
GEICO$1,737
CSAA$1,975
Farmers$2,189
State Farm$2,483

It's definitely worth considering bundling both your auto and home policies as a potential way of saving money. Call 855-493-9728 to speak with an expert today.


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