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Keith Lance/Getty Images May 18, 2022 Elizabeth Rivelli is a contributing insurance writer for Bankrate and has years of experience writing for insurance domains such as The Simple Dollar, Coverage.com and NextAdvisor, among others Mariah Posey is an auto and homeowners insurance writer and editor for Bankrate.com. She aims to make the insurance journey as convenient as possible by keeping the reader at the forefront of her mind in her work. Bankrate logo The Bankrate promise
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Founded in 1976, Bankrate has a long track record of helping people make smart financial choices. We’ve maintained this reputation for over four decades by demystifying the financial decision-making process and giving people confidence in which actions to take next. Bankrate follows a strict , so you can trust that we’re putting your interests first. All of our content is authored by and edited by , who ensure everything we publish is objective, accurate and trustworthy. Our insurance team is composed of agents, data analysts, and customers like you. They focus on the points consumers care about most — price, customer service, policy features and savings opportunities — so you can feel confident about which provider is right for you. We guide you throughout your search and help you understand your coverage options. We provide up-to-date, reliable market information to help you make confident decisions. We reduce industry jargon so you get the clearest form of information possible. All providers discussed on our site are vetted based on the value they provide. And we constantly review our criteria to ensure we’re putting accuracy first. Bankrate logo Editorial integrity
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Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. Unlike car insurance, homeowners insurance is not legally required in California, but it remains a financial tool for protecting what is likely to be your largest asset. If your home has a mortgage, it is likely your mortgage company will require homeowners insurance coverage. The in San Jose, California, is lower than the national average rate, but there are ways that San Jose homeowners might get an even lower premium. Bankrate found five companies that offer the best cheap home insurance in San Jose based on price, coverage options and discounts. Compare rates and save on home insurance today! Get quotes Close X This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions. Compare home insurance rates
Answer a few questions to see personalized rates from top carriers. Continue Powered by Coverage.com (NPN: 19966249) Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. Quick Facts $382/year average savings through Bankrate 2 out of 3 homes are underinsured 1 out of every 20 insured homes makes a claim each year 100% of homes need insurance before getting a mortgage Bankrate See more providers in Choose from insurers in Show More Mortgage Leaving so soon Your custom quotes are just minutes away
Return to form This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions. Compare home insurance rates
Answer a few questions to see personalized rates from top carriers. Continue Powered by Coverage.com (NPN: 19966249) Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. Quick Facts $382/year average savings through Bankrate 2 out of 3 homes are underinsured 1 out of every 20 insured homes makes a claim each year 100% of homes need insurance before getting a mortgage Bankrate See more providers in Choose from insurers in Show More Mortgage Leaving so soon Your custom quotes are just minutes away
Return to form Best cheap home insurance companies in San Jose
The table below includes the best home insurance carriers in San Jose, California, with the cheapest rates based on our assessment. These companies were chosen using the carrier’s average annual premium, discounts offered, coverage options available, financial strength and third-party customer satisfaction scores. Additionally, each carrier is assigned a Bankrate score ranging from 0 to 5 points to highlight their overall performance for these criteria. These insurers may be helpful to research since the cheaper premiums they offer can help offset the expensive cost of owning a home in San Jose, California. On average, home insurance in San Jose costs $867 per year for a home with $250K in dwelling coverage, based on 2022 premium data from Quadrant Information Services. Homeowners insurance rates in San Jose are below California’s average rates of $1,084 per year and far below the national average of $1,383 per year for the same coverage. Home insurance company Bankrate Score Average annual premium 4 $447 N/A 3.7 $466 879/1,000 4.8 $515 905/1,000 3.7 $542 881/1,000 4.7 $578 880/1,000 *Not officially ranked with J.D. Power due to eligibility restrictions Mercury
Mercury, a Los Angeles-based insurance company, understands the unique risks California homeowners face. Mercury offers some of the in San Jose, with an average annual premium of $447 for a policy with $250K in dwelling coverage. The company offers standard coverage with limited endorsements, which may limit the amount of policy customization you need. However, there are multiple discounts available, including wildfire mitigation, a claims-free discount and a discount for water leak detection. Learn more: ASI Progressive
In San Jose, ASI Progressive offers below-average rates, with an average annual premium of $466 for $250K in dwelling coverage. With ASI Progressive, San Jose homeowners may lower their homeowners insurance costs by qualifying for discounts, including getting a quote in advance and insuring a new home. Its property coverage is fairly basic and offers few customizations, but you can add water backup and personal injury coverage to your policy for an extra cost. Learn more: USAA
USAA is known as the insurance company for military personnel. You must be an active duty or retired service member, or a qualifying family member, to purchase home insurance from USAA. If you qualify, you will gain access to USAA’s exceptional customer service, affordable rates and comprehensive coverage. USAA offers several discounts, including savings for policy bundling, being claims-free and having an active and monitored home security system. Learn more: Travelers
Travelers is another home insurance company that stands out for its below-average rates. The average San Jose home insurance policy from Travelers costs $542 per year for $250K in dwelling coverage. Travelers offers a variety of endorsements for added protection, including contents replacement cost coverage, green home coverage and water backup coverage. Although the discounts are limited compared to other providers, Travelers does offer a handful of discounts that may help lower your rate, including one for LEED-certified homes. Learn more: State Farm
State Farm is the in the country, with just over 18% of the home insurance market share. The company offers affordable policies for San Jose homeowners, with an average annual premium of $578 for a policy with $250K in dwelling coverage. Home insurance coverage from State Farm is limited, and the company does not provide many options for policy customizations. However, some good potential discounts are available, including savings for impact-resistant roofs, home security systems and bundling your home and auto insurance policy. Learn more: San Jose home insurance options
Homeowners insurance in San Jose is not required by the state, but your mortgage lender will likely require you to have it. Even without a home loan, having home insurance can help financially protect you should your home become damaged or destroyed. Below are some home insurance coverage options that San Jose homeowners may consider: Earthquake insurance: Standard home insurance policies exclude coverage for earthquake damage. Because San Jose is located on the San Andreas fault line, homeowners should strongly consider to help cover the extensive repair costs earthquake damage can cause to a home. Flood insurance: Like earthquakes, most home insurance policies exclude coverage for flood damage. San Jose does experience flooding, and a may provide added peace of mind. Dwelling extended replacement cost coverage: Dwelling extended replacement cost coverage is an optional endorsement offered by most home insurance companies. If your home is completely destroyed by a covered event, the additional will help rebuild your home, even if the cost is greater than your dwelling insurance policy limit listed on your . Home insurance discounts in San Jose
Most home insurance companies in San Jose offer discounts to help homeowners get a lower rate. The more discounts you can qualify for, the more money you can save off your premium. Below are popular home insurance discounts available in San Jose: Pay in full discount: Homeowners who pay their annual premium upfront, in full and not through an may usually qualify for a discount on their policy. Security system discount: If your home is equipped with a security system, you might save money on your policy due to the decreased risk of theft. Claims-free discount: Homeowners who have no insurance claims on their record within the last several years can often save money. Policy bundling discount: Many insurance companies offer a discount to policyholders who insure their home and vehicle with the same provider. Almost everyone can benefit from discounts, but some discounts are particularly impactful. One of the best ways — and easiest — is to combine your homeowners insurance policy with another policy from the same carrier. Some insurance providers offer significant bundle discounts. Frequently asked questions
What is the best home insurance company
The is different for everyone because it depends on factors like where you live, how much coverage you need, what type of coverage you need, what discounts you qualify for and more. Homeowners should shop around and get multiple quotes to see which provider can offer the best rate for the coverage they need.
How much does home insurance in San Jose cost
The average cost of home insurance in San Jose, California, is $867 per year for a policy with $250K in dwelling coverage. However, home insurance rates are personalized, and you might pay more or less than the average city rate based on your coverage amounts, home characteristics and claims history. Methodology
Bankrate utilizes Quadrant Information Services to analyze 2022 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on 40-year-old male and female homeowners with a clean claim history, good credit (if applicable in the state) and the following coverage limits: Coverage A, Dwelling: $250,000 Coverage B, Other Structures: $25,000 Coverage C, Personal Property: $125,000 Coverage D, Loss of Use: $50,000 Coverage E, Liability: $300,000 Coverage F, Medical Payments: $1,000 The homeowners also have a $1,000 deductible and a separate wind and hail deductible (if required). These are sample rates and should be used for comparative purposes only. Your quotes will differ. Bankrate Score
Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. We know it is important for homeowners to be confident their financial protection covers the likeliest risks, is priced competitively and is provided by a financially-sound company with a history of positive customer support. To determine how well the best home insurance companies satisfy these priorities, third-party agency ratings from , , , , and Moody’s had the most impact on the companies’ Bankrate Scores. As price is a common consideration for homeowners, we analyzed quoted premiums based on 40-year-old male and female homeowners with a home policy with $250,000 in dwelling coverage. This profile, assessed across nearly 35,000 ZIP codes in the U.S., provided a basis on which homeowners may compare each provider. While coverage options, insurer availability, affordability and customer experience are often the top priorities, Bankrate also analyzed each insurer’s online and mobile resources for policy management and claims handling. Insurance is rapidly evolving to keep pace with our digital world, so these aspects also carried weight in determining Bankrate Scores. SHARE: Elizabeth Rivelli is a contributing insurance writer for Bankrate and has years of experience writing for insurance domains such as The Simple Dollar, Coverage.com and NextAdvisor, among others Mariah Posey is an auto and homeowners insurance writer and editor for Bankrate.com. She aims to make the insurance journey as convenient as possible by keeping the reader at the forefront of her mind in her work. Related Articles