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Home insurance is an important part of owning a home. Fire, vandalism, theft, and wind damage are just a handful of the perils from which homeowners coverage can protect your dwelling and other personal belongings. Events like this occur frequently. When paired with the high cost of repairing or rebuilding a house, investing in a comprehensive home insurance policy could be a good idea.
The cost of home insurance 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 a home insurance policy covers.
Homeowners insurance rates in San Francisco vary from one insurance company to another. Mercury offers the most affordable home insurance in San Francisco, at just $542 per year. This compares favorably to the city’s average home insurance premium of $851.
To get started with your homeowners insurance policy search, take a look at this list of the cheapest companies in San Francisco, California.
| Company | Average Annual Rate |
| Mercury | $542 |
| Allstate | $662 |
| State Farm | $673 |
| Nationwide | $729 |
| USAA | $750 |
How much you spend on home insurance coverage is greatly influenced by the level of coverage you choose. In San Francisco, carrying $200K dwelling coverage costs an average of $544, while carrying additional coverage up to $400K costs $1,239 per year.
| Coverage Level | Average Annual Rate |
| $100K Dwelling | $394 |
| $200K Dwelling | $544 |
| $250K Dwelling | $825 |
| $400K Dwelling | $1,239 |
Depending on which part of San Francisco you live in, you could see a dramatic difference in your home insurance costs. One of the factors that insurers use when pricing your insurance policy is the number of claims filed in your surrounding area. As such, your neighborhood's location can drastically influence your home insurance premium.
To find the most affordable homeowners coverage in San Francisco, look no further than the 94128 area. In the 94128 ZIP code, homeowners policies typically cost just $868 per year — that's $17 less than the San Francisco average. Find the best places to live in San Francisco for cheap home insurance by reviewing the following table.
| ZIP Code | Average Annual Home Insurance Rate |
| 94128 | $868 |
| 94129 | $890 |
| 94188 | $904 |
Other areas of San Francisco, it should be noted, face homeowners rates that surpass the city average. The prevalence of property crime, fire risk, and even your proximity 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. With an annual average premium of $974, 94108 comes in as the priciest ZIP code in San Francisco for homeowners coverage.
| ZIP Code | Average Annual Home Insurance Rate |
| 94108 | $974 |
| 94105 | $967 |
| 94103 | $961 |
One of the many decisions available when shopping for a homeowners policy is where to set your 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 how much you pay for insurance.
In short, a higher deductible means lower insurance costs. Therefore, you may want to think about setting a higher deductible if you aim to lock in lower rates. 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.
Take a look at the typical deductibles offered by insurers and an estimate of average insurance costs.
| Deductible Level | Average Annual Homeowners Insurance Rate |
| $500 | $928 |
| $1,000 | $825 |
| $1,500 | $783 |
| $2,000 | $702 |
| $5,000 | $588 |
If saving money is your main concern, it might be worth insuring your home and auto through the same insurance company. Bundling home and auto insurance can be a good money-saving option. By bundling your policies, San Francisco homeowners could see annual savings of 12% on average.
| Company | Avg. Annual Auto Insurance Rate (With Bundle) |
| GEICO | $1,312 |
| Mercury | $1,454 |
| Farmers | $1,799 |
| State Farm | $1,890 |
| Allstate | $2,246 |
Find the perfect homeowners insurance policy for you by entering your ZIP code below to compare rates from top companies.
