The average rate for homeowners insurance in the city of Los Angeles is $88 a month, but you can find rates as cheap as $51 a month. We studied the home insurance market in Los Angeles to find the best and cheapest home insurance companies.
This article covers:
Cheapest home insurance companies in Los Angeles
Of the largest home insurance providers operating in Los Angeles that we studied, Allstate has the lowest average annual rate of $614, while Chubb has the highest average annual premium of $2,513.
| Company | Average annual premium |
|---|---|
| Allstate | $614 |
| Mercury Insurance | $926 |
| CSAA Insurance Exchange | $768 |
| Chubb | $2,513 |
| Farmers | $1,320 |
| Auto Club Exchange | $808 |
| Nationwide | $1,077 |
| Pacific Specialty Insurance Co | $980 |
| State Farm | $970 |
| Travelers | $847 |
| USAA | $751 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
How much is home insurance in Los Angeles?
Homeowners in Los Angeles pay an average of $88 a month for home insurance, which is slightly higher than the average California home insurance rate.
| Region | Average annual premium |
|---|---|
| Los Angeles | $1,052 |
| California | $934 |
| U.S. | $1,754 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Your final calculated home insurance premium is based on many factors, including:
- The age of the home
- The home's current condition
- Construction materials used
- Where the house is located
- Your insurance claims history
If you're looking to lower your annual premium, you can increase your deductible. If you choose a high deductible, remember that you will need to pay that amount if you want to file a claim.
| Deductible amount | Average annual premium |
|---|---|
| $500 | $1,150 |
| $1,000 | $1,052 |
| $1,500 | $997 |
| $2,000 | $911 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Home insurance rates can also vary by the neighborhood or ZIP code of your home. We listed average annual rates of homes in some of the most populated ZIP codes in Los Angeles below.
| ZIP code | Average annual premium |
|---|---|
| 90011 | $1,057 |
| 90044 | $1,061 |
| 90026 | $1,058 |
| 90022 | $946 |
| 90003 | $1,054 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Best home insurance companies in Los Angeles
We did a deep dive into the major home insurance providers in Los Angeles and found Allstate and USAA to be the best. Here's why:
Allstate: best overall
Allstate has an average homeowners insurance rate of $614 a year in Los Angeles, the lowest in the city and 53% lower than the Los Angeles average rate of $1,052.
Along with cheap rates, Allstate offers some great discounts. You can save up to 25% if you take advantage of Allstate's bundling discount. You can also save up to 20% if you switch to Allstate and don't have any recent home insurance claims.
Allstate has a variety of optional coverages that can provide additional protection for your home and belongings. Allstate's optional coverages include coverage for your sports equipment and musical instruments, higher limits for your yard or garden, and higher limits for business-related items in your home.
USAA: best for military and customer service
USAA has the second-cheapest average annual rate in Los Angeles at $751 a year. USAA only offers insurance to military members and veterans, as well as their families. If you're currently in the military, USAA offers extra protection such as coverage for military equipment and personal property if it's damaged or lost due to war.
On top of cheap rates, USAA has great customer service scores across different studies. It has a rating of 0.46 on the NAIC Complaint Index, while the national Complaint Index rating is 1.0. The lower the index value, the better. The NAIC Complaint Index compares insurance companies' ability to resolve claims issues. USAA also has a score of 882 out of 1,000 in J.D. Power's 2021 Home Insurance Study, which is the highest score in the study. Additionally, USAA has an AM Best financial strength rating of A++ (superior).
Get cheap home insurance
Los Angeles home insurance rate factors
Los Angeles residents face several types of natural disasters such as wildfires and earthquakes that may affect your home insurance premium.
Standard home insurance policies usually cover wildfires. However, if you live in an area prone to wildfires, home insurance policies may be expensive. If you live in a high-risk area and are unable to get home insurance, you may be able to get wildfire insurance coverage from your state's Fair Access to Insurance Requirements (FAIR) Plan.
If you're looking to protect your home against earthquakes, you will need to purchase a separate earthquake insurance policy. A standard homeowners insurance policy won't cover earthquakes. Earthquake insurance policies will cover the structure of your home and your personal property.
Methodology
We obtained quotes for a standard HO-3 homeowners insurance policy on a typical home in every ZIP code in the greater Los Angeles area. Unless otherwise noted, standard policies include the following limits and deductibles:
- Dwelling coverage: $275,000
- Other structures: $27,500
- Personal property: $137,500
- Loss of use: $55,000
- Liability: $100,000
- Medical payments: $5,000
Sources:
Home insurance by city
- Los Angeles
- San Diego
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