Oakland, CA Homeowners Insurance

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Find cheap homeowners insurance in Oakland


Home insurance is an important part of owning a home. Homeowners coverage protects you against fire, wind damage, and theft for your home and the contents inside it. Given the relatively frequent occurrence of these incidents and the sizeable cost of replacing a home, homeowners coverage is a solid investment.

The price of a homeowners insurance policy is dependent on a number of factors. These include your dwelling's value, the value of your personal belongings, and the cost of the materials used to build your home. The location of your home also contributes to the price of your homeowners insurance policy. In areas prone to perils like hail, frozen pipes, volcanoes, or fire, home insurance rates may be higher to account for the extra risk. Learn more information about what a home insurance policy covers.

If you want to find cheap homeowners insurance in Oakland, start with looking around and comparing what different companies offer. Take a look at the summary below showing average Oakland homeowners insurance costs to ensure you start your search with as much background info as possible. 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 insurer
  2. Rates by coverage amount
  3. Rates by ZIP code
  4. Rates by deductible amount
  5. Insurance bundle discounts

Homeowners insurance in Oakland by insurance company

Oakland homeowners insurance rates will vary depending on which insurance company you choose. The most affordable home insurance in Oakland is Mercury offering average annual rates at just $598 per year. This is considerably cheaper than the city’s average homeowners premium of $1,014.

To get started with your homeowners insurance policy search, take a look at this list of the cheapest companies in Oakland, California.


AFFORDABLE HOMEOWNERS INSURANCE COMPANIES IN OAKLAND
CompanyAverage Annual Rate
Mercury$598
Allstate$735
Nationwide$797
State Farm$844
USAA$855

Average homeowners insurance costs in Oakland by coverage limit

The level of home coverage you select has an impact on your insurance premiums. In Oakland, carrying $200K dwelling coverage costs an average of $763, while carrying additional coverage up to $400K costs $1,385 per 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

Oakland home insurance prices by ZIP code

Not every area of Oakland has equal home insurance costs. The amount of claims filed in your local area can be a factor in determining the price of your policy. Put simply, the location of your home could have a huge impact in what you pay for homeowners insurance.

The cheapest home insurance rates in Oakland are available in 94611. In 94611, the typical home insurance policy costs $926 per year — $88 less than the citywide average in Oakland. Find the best places to live in Oakland for cheap home insurance by looking at the following table.


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

Other areas of Oakland, however, face homeowners rates that are higher than the city average . Fire risks, crime rates, and even your how close you are to emergency services such as fire and police stations could impact rates the risk level of certain parts of the city, which has the potential to drive up the area's insurance costs. An average annual rate of $1,090 makes 94621 the most expensive ZIP code in Oakland for homeowners insurance.


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

Looking for insights on homeowners insurance in a specific city? Check out our analysis of populous California cities:

  1. Anaheim
  2. Bakersfield
  3. Chula Vista
  4. Fremont
  5. Fresno
  6. Irvine
  7. Long Beach
  8. Los Angeles
  9. Riverside
  10. Sacramento
  11. San Bernardino
  12. San Diego
  13. San Francisco
  14. San Jose
  15. Santa Ana
  16. Stockton

Homeowners insurance deductibles in Oakland

Among the numerous decisions faced by homeowners when buying homeowners insurance is how high to set the deductible. A homeowners deductible is the dollar amount that the insured must contribute toward a covered loss. Where you set your deductible can play a large part in how much you pay for insurance.

Put simply, having a higher deductible means cheaper insurance costs. Therefore, if you need your home insurance rates to be lower, you’ll want to increase your deductible. Be mindful of the fact that your deductible should only be set as high as you can reasonably afford if you suffer a loss.

Below you'll find some typical deductibles offered by most home insurance companies along with related average insurance costs.


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

Looking for a money-saving tip for insurance in Oakland? Try bundling

One way to save on insurance costs is to consider bundling your homeowners and auto insurance policies through the same company. Bundling home and auto insurance can save you a substantial sum each month on your auto insurance bill. In fact, bundling policies in Oakland leads to average annual savings of 12%.


CHEAPEST CAR INSURANCE RATES WITH A POLICY 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

Bundling your homeowners and auto policies can be a great way to save some money on insurance.


Ava Lynch LinkedIn

Ava worked in the insurance industry as an agent for four-plus years. Currently providing insights and analysis as one of The Zebra’s resident property insurance experts, Ava has been featured in publications such as U.S. News & World Report, GasBuddy, and Yahoo! Finance.