Oakland Homeowners Insurance

Find cheap homeowners insurance in Oakland


Home insurance is an important part of owning a home. Along with personal property, homeowners insurance covers your dwelling against many different perils, including fire, wind damage, vandalism, and theft. Given the relatively frequent occurrence of these incidents and the sizeable cost of replacing a home, homeowners coverage is a solid investment.

The cost of home insurance coverage factors in variables such as the cost of building materials, the value of your personal belongings, and the overall value of the primary dwelling. The location of your home can also influence how much you pay for homeowners insurance. Some areas are more susceptible to perils like fire, hail, frozen pipes, volcanoes, or other hazards. These can make your insurance policy even more expensive. Discover more info about what your homeowners insurance policy covers.

If you want to find cheap home insurance coverage in Oakland, start with shopping around and comparing what different companies offer. Have a look at the summary below comparing average homeowners insurance rates in Oakland to help you get as much information as possible when you start your search for homeowners insurance. It's important to remember that the cost of your homeowners insurance is often based on the coverage limits you choose as well as a variety of other factors.


Oakland, California, homeowners insurance — table of contents:
  1. Rates by insurance company
  2. Rates by coverage amount
  3. Rates by ZIP
  4. Rates by deductible level
  5. Policy bundling discounts

Homeowners insurance in Oakland by insurance company

Oakland homeowners insurance rates will vary depending on which insurance company you choose. Mercury offers the most affordable home insurance in Oakland, at just $598 per year. This compares favorably to the city’s average homeowners premium of $1,014.

Below you'll find a list of the cheapest homeowners insurance companies in Oakland, California to help you start your search.


AFFORDABLE HOME INSURERS IN OAKLAND
CompanyAverage Annual Rate
Mercury$598
Allstate$735
Nationwide$797
State Farm$844
USAA$855

Average homeowners insurance costs in Oakland by coverage level

How much you pay for home insurance coverage is greatly influenced by the level of coverage you choose. In Oakland, carrying $200K dwelling coverage costs an average of $763, while carrying additional coverage up to $400K costs $1,385/year.


HOMEOWNERS INSURANCE RATES IN OAKLAND — POPULAR COVERAGE LIMITS
Coverage LevelAverage Annual Rate
$100K Dwelling$439
$200K Dwelling$763
$250K Dwelling$917
$400K Dwelling$1,385

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Oakland homeowners insurance prices by ZIP code

Homeowners insurance costs can vary depending on what part of Oakland in which you live. 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 dramatically affect your home insurance rates.

To find the cheapest home insurance rates in Oakland, look no further than 94611. In the 94611 area, homeowners policies typically cost just $926 per year — a full $88 less than the Oakland average. If you’re looking for the areas with the most affordable homeowners premiums in Oakland, have a look at the table below.


AFFORDABLE ZIP CODES FOR HOMEOWNERS INSURANCE IN OAKLAND
ZIP CodeAverage Annual Home Insurance Rate
94611$926
94617$944
94705$953

Other areas of Oakland, it should be noted, face homeowners rates that surpass the city average . Crime rates, fire risk, and even your how close you are 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 $1,090 makes 94621 the most expensive ZIP code in Oakland for home insurance.


EXPENSIVE AREAS FOR HOMEOWNERS INSURANCE IN OAKLAND
ZIP CodeAverage Annual Home Insurance Rate
94621$1,090
94601$1,070
94609$1,068

Home insurance deductibles in Oakland

Among the numerous options faced by homeowners when purchasing an insurance policy is how high or low to set the deductible. The deductible is the total dollar amount that the insured must contribute toward a covered loss. Where you set your deductible can play a large part in the cost of your insurance coverage.

When picking a deductible, keep in mind that the higher your deductible is, the lower your premiums will be. Therefore, if you need your home insurance rates to be lower, you'll need to keep your deductible higher. Remember that your deductible should only be set as high as you can reasonably pay if you suffer a loss.

Below you'll find some common deductibles offered by most home insurance companies as well as with corresponding average insurance premiums.


HOMEOWNERS INSURANCE PREMIUMS BY DEDUCTIBLE IN OAKLAND
Deductible LevelAverage Annual Home Insurance Rate
$500$1,032
$1,000$917
$1,500$867
$2,000$782
$5,000$655

Money-saving tip: bundle home and auto insurance in Oakland

To save a little money, you might think about bundling your homeowners and auto insurance policies through the same company. Bundling your homeowners and auto insurance can save you a substantial sum each month on your auto insurance bill. Bundling policies in Oakland could, in fact, lead to average annual savings of 12%.


CHEAPEST CAR INSURANCE WITH HOME BUNDLE IN OAKLAND
CompanyAvg. Annual Auto Insurance Rate (With Bundle)
Mercury$1,367
GEICO$1,383
Farmers$1,828
AAA$2,030
State Farm$2,041

It's definitely worth considering bundling both your auto and home policies as a potential way of saving money.


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Ava Lynch LinkedIn

Based in Austin, TX, Ava has been in the insurance industry as a licensed agent for 4-plus years. Ava is currently one of The Zebra’s resident property insurance experts and has been featured in publications such as US News Report, GasBuddy, and Yahoo! Finance.