How much is homeowners insurance in California?
The average cost of homeowners insurance in California is $115 per month or $1,383 per year for $300,000 in dwelling coverage — that’s the part of the policy that protects your actual house. That’s around 21% less than the national average of $1,754 per year.
While the average cost of home insurance in California may be relatively low compared to the national average, record wildfire losses and high inflation have led many homeowners insurance companies to raise premiums on existing customers or exit the state altogether to make up financial ground.
In fact, just in the last year, premiums on home insurance policy renewals increased 11% in California, according to our latest analysis of internal policyholder data.
California home insurance rates by city
Of the state’s 20 largest cities by population, Stockton, Sacramento, and San Francisco have the cheapest homeowners insurance rates in California. In Stockton, homeowners insurance is 11% cheaper than California’s average.
City | Average monthly cost | Average annual cost | Difference from state average (%) |
---|---|---|---|
Los Angeles | $131 | $1,566 | 13% |
San Diego | $111 | $1,333 | -4% |
San Jose | $105 | $1,258 | -9% |
San Francisco | $104 | $1,244 | -10% |
Fresno | $120 | $1,440 | 4% |
Sacramento | $103 | $1,237 | -11% |
Long Beach | $109 | $1,313 | -5% |
Oakland | $125 | $1,500 | 8% |
Bakersfield | $105 | $1,259 | -9% |
Anaheim | $115 | $1,377 | 0% |
Stockton | $102 | $1,229 | -11% |
Riverside | $122 | $1,469 | 6% |
Irvine | $115 | $1,385 | 0% |
Santa Ana | $111 | $1,334 | -4% |
Chula Vista | $114 | $1,373 | -1% |
Fremont | $110 | $1,315 | -5% |
Santa Clarita | $126 | $1,510 | 9% |
San Bernardino | $126 | $1,508 | 9% |
Modesto | $111 | $1,335 | -3% |
Fontana | $121 | $1,457 | 5% |
California home insurance rates by coverage amount
One of the most important (and expensive) parts of your home insurance policy is your dwelling coverage, which protects the physical structure of your home from covered hazards like wildfires and water damage.
The amount of dwelling coverage you need depends on the cost to rebuild your home, which is its replacement cost — not its market value. If you paid $600,000 for a home that would cost $400,000 to rebuild, you’d only need $400,000 in dwelling coverage.
The cost of your homeowners insurance partly depends on the amount of dwelling coverage you buy. More coverage means higher premiums. As you can see from the following table, adding $100,000 of dwelling coverage to your policy raises the cost of home insurance by an average of about $400 per year.
Dwelling coverage limit | Average annual cost |
---|---|
$100,000 | $596 |
$200,000 | $989 |
$300,000 | $1,383 |
$400,000 | $1,773 |
$500,000 | $2,174 |