Riverside Homeowners Insurance

Find cheap homeowners insurance in Riverside


A critical consideration for every homeowner should be home insurance. Home insurance policies provide coverage against fire, wind damage, and theft for your home and the contents inside it. Events like this occur regularly. When paired with the high cost of repairing or rebuilding a house, investing in an expansive homeowners policy can seem like a great move.

What you pay for homeowners insurance 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 likewindstorms, hail, fire, or even theft , home insurance rates may be higher to account for the extra risk. Learn more information about what is covered by a homeowners insurance policy.

If you want to find cheap home insurance coverage in Riverside, start with shopping around and comparing different policies. Check out the below summary of average homeowners insurance rates in Riverside to begin your home insurance search with as much information as possible. One thing to note is that the yearly cost of homeowners coverage is determined based on your chosen coverage limits as well as a number of other rating factors.


Riverside, California, homeowners insurance — contents:
  1. Rates by company
  2. Rates by coverage amount
  3. Rates by ZIP code
  4. Rates by deductible level
  5. Insurance bundle discounts

Homeowners insurance in Riverside by insurance company

What you pay for homeowners insurance in Riverside will depend on the insurance company you get your policy through. The most inexpensive home insurance in Riverside comes from Mercury, which offers average annual rates of just $682 per year. This is more favorable than the city’s average homeowners premium of $982.

Have a look at the cheapest insurance companies in Riverside, California to find the right homeowners policy for your needs.


CHEAP HOMEOWNERS INSURERS IN RIVERSIDE
CompanyAverage Annual Rate
Mercury$682
USAA$684
Nationwide$795
AAA$799
AmTrust NGH$865

Average homeowners insurance rates in Riverside by coverage levels

How much you spend on home insurance coverage is greatly influenced by the level of coverage you choose. In Riverside, carrying $200K dwelling coverage costs an average of $698, while carrying additional coverage up to $400K costs $1,368 per year.


HOMEOWNERS INSURANCE RATES IN RIVERSIDE — POPULAR COVERAGE LIMITS
Coverage LevelAverage Annual Rate
$100K Dwelling$423
$200K Dwelling$698
$250K Dwelling$896
$400K Dwelling$1,368

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Riverside home insurance prices by ZIP code

Not every area of Riverside 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 coverage.

If you're looking for the most affordable homeowners insurance premiums in Riverside, take at look at the 92503 ZIP code. In the 92503 area, homeowners policies typically cost just $949 on average — a full $33 less than the overall average for Riverside. The below table shows the best places to live in Riverside if you’re looking for affordable homeowners insurance.


AFFORDABLE AREAS FOR HOMEOWNERS INSURANCE IN RIVERSIDE
ZIP CodeAverage Annual Home Insurance Rate
92503$949
92505$958
92504$966

Other areas of Riverside, however, face homeowners rates that surpass the city average . Crime rates, fire risk, 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 area rates. The most expensive ZIP code for homeowners insurance in Riverside is 92521, where the average annual rate is $1,020.


EXPENSIVE AREAS FOR HOMEOWNERS INSURANCE IN RIVERSIDE
ZIP CodeAverage Annual Home Insurance Rate
92521$1,020
92508$1,002
92501$992

Home insurance deductibles in Riverside

Among the many choices faced by homeowners when purchasing homeowners insurance is where to set the deductible. A deductible is the amount for which a homeowner is responsible before an insurance company steps in to cover costs. Where you set your deductible can be a major factor in the cost of your insurance coverage.

In general, having a low deductible means that your insurance rates will be higher. As such, if you want lower insurance rates, aim for a higher deductible. It's worth calling out that your deductible should only be as high as you can reasonably pay in the case of an actual loss.

The following chart illustrates the typical premiums associated with deductibles offered by most home insurers.


HOMEOWNERS INSURANCE COSTS BY DEDUCTIBLE IN RIVERSIDE
Deductible LevelAverage Annual Home Insurance Rate
$500$1,005
$1,000$896
$1,500$846
$2,000$759
$5,000$639

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

If you’re seeking ways to save on your overall insurance costs, consider purchasing your home and auto policies from the same insurance company. Bundling home and auto insurance is one way to save substantially on your monthly car insurance premiums. In fact, bundling policies in Riverside leads to average annual savings of 12%.


CHEAPEST CAR INSURANCE WITH A POLICY BUNDLE IN RIVERSIDE
CompanyAvg. Annual Auto Insurance Rate (With Bundle)
GEICO$1,248
Mercury$1,285
Farmers$1,609
Allstate$1,912
State Farm$1,942

A great way to save on insurance is to bundle your home and auto policies with the same insurance company.


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Ross Martin LinkedIn

As a licensed insurance agent, Ross is responsible for researching and writing about all matters related to auto and home insurance. He has a background in writing and education, as well as a masters degree from Royal Holloway, University of London. He has been quoted by Kin Insurance, Safety.com, and autoinsuranceEZ.com.