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Mint Images/Getty Images August 19, 2022 Checkmark Bankrate logo How is this page expert verified? At Bankrate, we take the accuracy of our content seriously. "Expert verified" means that our Financial Review Board thoroughly evaluated the article for accuracy and clarity. The Review Board comprises a panel of financial experts whose objective is to ensure that our content is always objective and balanced. Their reviews hold us accountable for publishing high-quality and trustworthy content. Lizzie Nealon is an insurance contributor for Bankrate and enjoys making home, auto and life insurance digestible for readers so they can prepare for the future. Angelica Leicht is an insurance editor on the Bankrate team. She is truly passionate about helping readers make well-informed decisions for their wallets, whether the goal is to find the right comprehensive auto policy or the best life insurance policy for their needs. Mark Friedlander is director of corporate communications at III, a nonprofit organization focused on providing consumers with a better understanding of insurance. Bankrate logo

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At Bankrate, we strive to help you make smarter financial decisions. To help readers understand how insurance affects their finances, we have licensed insurance professionals on staff who have spent a combined 47 years in the auto, home and life insurance industries. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here's an explanation of how we make money. Our content is backed by LLC, a licensed entity (NPN: 19966249). For more information, please see our Insurance Disclosure. Bankrate logo

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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. Los Angeles residents pay an average of $1,385 per year for homeowners insurance for a $250,000 dwelling coverage policy — over $300 more than the average. The high home insurance premiums in Los Angeles are likely due to a variety of factors, including higher cost of living, potential for natural disasters like wildfires and mudslides, and more. 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 With a little bit of research, it may be possible to find cheap homeowners insurance in Los Angeles. To help you get started, Bankrate’s editorial team researched the top home insurance companies by market share and their average premiums in the Los Angeles market. We also reviewed customer satisfaction scores, financial strength ratings and optional policy coverage so you can find the best cheap homeowners insurance in Los Angeles.

Best cheap home insurance companies in Los Angeles

Allstate, USAA and AAA are the three companies offering some of the cheapest homeowners insurance rates in Los Angeles, based on data provided by Quadrant Information Services. To find the best home insurance for your needs, we collected third-party financial strength data from entities like AM Best. We also compiled customer satisfaction from J.D. Power so that you can make sure you’re choosing a company that cares for your needs. This data was used by Bankrate to assign each provider a Bankrate Score with a maximum score of 5 to provide an overall rating at a quick glance. Home insurance company Bankrate Score Average annual premium for $250K dwelling coverage 3.9 $602 870/1,000 4.8 $628 893/1,000 3.6 $777 855/1,000 4.7 $781 876/1,000 3.7 $881 852/1,000 *Not officially ranked with J.D. Power due to eligibility restrictions
**Allstate only writes homeowners policies in certain areas of Los Angeles

Allstate

Allstate stands out for having the cheapest rates on our list and a wide range of add-on coverage options for home insurance, such as water backup and identity theft restoration. The company’s HostAdvantage coverage is designed to cover potential damage from the guests for homeowners that home share. One of Allstate’s primary downsides is that the Allstate mobile app is geared toward auto insurance policy management and not homeowners policy management. Learn more:

USAA

USAA scores the highest on our list for customer satisfaction, although it is not officially eligible for J.D. Power ranking since the company only offers policies to military members, veterans and qualifying family members. In addition to keeping its customers happy, USAA stands out for offering some of the lowest premiums on our list. USAA offers several homeowners insurance policy types and discounts. Learn more:

AAA

AAA stands out for offering some of the cheapest auto insurance premiums on our list. When people think of AAA, they often think of roadside assistance and auto insurance policies – but the company also offers competitive home insurance with a wide range of homeowners insurance policy options. However, one con to keep in mind is that you’re required to have an AAA membership to purchase home insurance. Learn more:

State Farm

State Farm stands out for having an average annual premium that is hundreds of dollars cheaper than the city average. The company ranks well above average in customer satisfaction and received an A++ (Superior) financial strength score from AM Best. However, before choosing State Farm, note that the company offers fewer home insurance discounts than some of its competitors. Learn more:

Travelers

Travelers stands out for its low average annual premium, which is hundreds of dollars cheaper than the city average. The company offers a wide range of policy add-ons, including green home coverage and identity fraud coverage. However, note that Travelers ranks poorly relative to other companies in the J.D. Power customer satisfaction study for homeowners insurance, earning the lowest scores compared to the other companies on our list. Learn more:

Home insurance coverage options in Los Angeles

Most home insurance companies in Los Angeles offer the standard home coverage options like dwelling coverage, personal property coverage, liability protection and guest medical protection. When shopping for home insurance, you may want to be on the lookout for companies that offer coverage options that can be especially useful for L.A. residents. These coverage types may include: Water backup: If you find yourself dealing with a in your home, your primary consideration will likely be making sure everyone is safe. Having water backup insurance frees you from worrying about your finances when you’re dealing with potentially dangerous standing sewage. Scheduled personal property: Between TVs, musical instruments and workout gear, the dollar value of the items in your home can add up. insurance can reimburse you for covered losses. Green improvement reimbursement: If a household appliance is damaged or destroyed by a covered peril, this coverage type could help replace it with a more energy-efficient version. Yard and garden: This coverage type covers your lawn and landscaping machinery. Flood insurance: The city of Los Angeles has a . Flood insurance can help cover damages in the event of a covered loss.

Home insurance discounts in Los Angeles

There are several that may help you save money on your Los Angeles home insurance policy: New home: If you have a newly constructed home or even just purchased a home that is new to you, you could save with a discount. Bundle: When you with other types of insurance, like auto, using the same provider, you can usually save a considerable amount of money on multiple policies. Renovations: If you recently renovated your home, many home insurance companies will reward the reduced claim risk with lower premiums. Green discount: If you renovate your home with certain types of certified green or eco-friendly materials, you may qualify for a green discount on your homeowners policy. Automatic payments: Many providers offer discounts for paying in full when you renew your policy. However, you may still earn a discount if you choose an installment plan if you set up automatic payments. Before you purchase a new home insurance policy, be sure to check what discounts you can use to save money on your premiums.

Frequently asked questions

What is the best home insurance company

Finding the will depend on what you need to properly insure your home. If you want access to unique optional coverage, look for insurance carriers that offer what you need. If affordability is key, the best homeowners insurance company may be one that offers the most competitive rate and additional discounts. Also understand whether you want to work with a local agent or would prefer to fully manage your policy and claims process online, as all of these factors could help guide you toward the best home insurance company for your needs.

How much does home insurance in Los Angeles cost

The average cost of homeowners insurance in Los Angeles is $1,385 per year for $250,000 in dwelling coverage, according to Bankrate’s analysis of average rate data from Quadrant Information Services. This is about on par with cost of homeowners insurance, but it’s a few hundred dollars higher than the average cost of a homeowners insurance policy in California, which averages about $1,084 per year for $250,000 in dwelling coverage. Your rates are likely to differ from the average, though, as homeowners insurance rates are determined by a combination of numerous factors, including the ZIP code, age of the property, the coverage options selected and any qualifying discounts. In turn, your rates could be higher or lower depending on these and other factors.

How much home insurance do I need in Los Angeles

The needed for a home in Los Angeles will depend on the size and square footage of your home, as well as any extra amenities you might have added. For example, when it comes to your dwelling coverage, it can help to consider the square footage of your home as well as whether you’ve made any recent renovations completed. If you have a swimming pool, you might also want to increase your personal liability to ensure guests are covered in case they’re injured. To determine the right amount of homeowners insurance, Los Angeles residents may want to talk with an insurance agent who can help calculate coverage amounts based on the value of their home and property.

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 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. SHARE: Lizzie Nealon is an insurance contributor for Bankrate and enjoys making home, auto and life insurance digestible for readers so they can prepare for the future. Angelica Leicht is an insurance editor on the Bankrate team. She is truly passionate about helping readers make well-informed decisions for their wallets, whether the goal is to find the right comprehensive auto policy or the best life insurance policy for their needs. Mark Friedlander is director of corporate communications at III, a nonprofit organization focused on providing consumers with a better understanding of insurance.

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