Los Angeles, CA homeowners insurance is roughly $546 to $739, about $45-$61/month. Our detailed guide reveals consumers can save as much as $256 by getting many quotes. Enter your zipcode below and click “GO” to get multiple free quotes.
Los Angeles is home to around 3,804,503 people. It is the world's entertainment capital, offering numerous activities and attractions. The city itself is known for its fine museums and cultural activities, complemented by multiple prospects to relax and enjoy the outdoors. Los Angeles also provides a window of opportunities to occupy both your mind and body, making it a perfect place to settle.
Los Angeles is also subject to many natural and artificial threats like floods, earthquakes, and wildfires. Apart from that, the chance of a property crime is 1 in 44 in Los Angeles, California. Therefore, it is crucial to avail homeowners insurance in Los Angeles, California, to protect your home from perils like theft, fire, flood, and vandalism.
The average price of home insurance in Los Angeles, California, is $1624. Homeowners in Los Angeles, CA, can further reduce insurance rates by availing of discounts offered by home insurance providers. VHome Insurance, through its analysis, has explored the discounts homeowners can get in Los Angeles.
When shopping for homeowners insurance in Los Angeles, one of the elements people often look at is the deductible. A deductible is an amount the insurer should pay before your insurer pays a claim. Companies charge higher premiums when a homeowner chooses a lower deductible. Saving money on your insurance via selecting a higher deductible may be cost-effective for people who are reasonably comfortable with covering a large loss out of pocket.
Homeowners in Los Angeles, California, who opted to pay a low deductible of 500 and 1000, pay $1604.51 and $1451.53, respectively, on home insurance. In contrast, policyholders who opted for a high deductible of 2000 and 2500 pay $1240.41 and $1166.03 on homeowners insurance in Los Angeles, California.
Refer to the table below to understand the applicable insurance rates based on the type of deductible.
b. Coverage Type
The home insurance package covers damages or loss in any unforeseen event concerning your homeowner's protection policy. Every home insurance policy has a liability limit that determines the amount of coverage you acquire to cover the damage in an unfortunate situation. For instance, if your house gets damaged by fire or burglary.
Homeowners in Los Angeles typically opt for coverage of $200,000 or $300,000, where they pay $629 and $1169, respectively, on home insurance rates in Los Angeles. Policyholders who opt for lower coverage pay a low premium on home insurance. For instance, homeowners who opted for $100,000 pay $250 on home insurance.
Therefore, the higher the coverage, the higher the home insurance premium and the higher the protection of the house.
c. Claims History
Homeowners insurance rates in Los Angeles, California, can be reduced if the policyholder has a zero claim history. By displaying a clean track of claim history, insurance providers offer a home insurance discount. Homeowners in Los Angeles with zero claims pay a premium of $1429.12, whereas homeowners with one or two claims pay $1753.92 and $1818.88, respectively.
The average cost of home insurance in Los Angeles, CA, is $1,624. vHome’s comprehensive analysis shows that Los Angeles homeowners can save up to $256 by comparing quotes from multiple home insurance companies and choosing the cheapest one according to their coverage needs.
A.M. Best Rating
A.M. Best company rates insurance companies based on their financial capacity to grant claims to policyholders. Home insurance companies with high A.M. Best ratings are considered to be a safe bet for homeowners. Los Angeles homeowners can use the A.M. Best ratings to choose home insurance companies that have the financial capacity to grant their claims. For example, A.M. Best has awarded a rating of A++ (superior) to GEICO, whereas Liberty Mutual has a rating of A (excellent).
J.D. Power Score
J.D. Powers curates feedback from multiple homeowners, who have policies with home insurance companies, to rate them. The overall customer satisfaction of an insurance company is calculated using policy coverage, insurance rates, discounts, customer handling, and the speed at which a claim is processed. State Farm received a rating of 4/5, while Amica received a 5/5 rating.
No two home insurance companies provide the same quote to homeowners. Home insurance companies use different parameters such as the age of homes, safety features, and distance to public agencies to determine the home insurance rates. Los Angeles homeowners are advised to get quotes from multiple home insurance companies to choose the cheapest quote. Los Angeles homeowners should also make sure that the coverage value should be enough to replace/repair the damages of their homes.
Deductibles vs. Insurance Rates
Home insurance rates vary depending on the deductibles that homeowners choose to pay on their policies. The percentage of reduction in insurance rates for the same deductible differs between one insurance company to another. Homeowners have to arrive at a balance between deductibles and home insurance rates. Los Angeles homeowners are advised to choose the home insurance company that quotes the cheapest insurance rate on their deductible amount.
Los Angeles homeowners are advised to choose home insurance companies that offer 24/7 customer support. Home insurance agents work closely with Los Angeles homeowners to create a policy that best suits their needs. Home insurance companies should also be swift in addressing homeowners’ queries and processing claims. According to state law, homeowners have 10 to 30 days to submit a claim, post which the insurance company gets 40 days to process, and accept or deny the claim.
|Los Angeles, CA Home Value||Total Homes||% of Total||Average Los Angeles, CA Homeowners Insurance|
|Less than $50,000||8,528||4.0%||$32|
|$100,000 to $124,999||6,485||3.0%||$147|
|$125,000 to $149,999||4,718||2.0%||$186|
|$150,000 to $174,999||10,031||5.0%||$218|
|$175,000 to $199,999||7,584||3.0%||$250|
|$200,000 to $249,999||28,352||14.0%||$301|
|$250,000 to $299,999||35,332||17.0%||$372|
|$300,000 to $399,999||91,524||46.0%||$475|
|Home Insurance Company Near Los Angeles, CA||Homeowners Insurance Agency Near Los Angeles, CA||Address|
|State Farm||Eloisa Villarreal Sharp||1871 W La Habra Blvd, La Habra, CA, 90631-5131|
|Travelers||Downing & Gayle Insurance Services Inc||6701 CENTER DR W STE 1500, LOS ANGELES, CA, 90045|
|Travelers||Louis Barnett & Associates||2601 AIRPORT DR STE 100, TORRANCE, CA, 90505|
|State Farm||Mark Lee||18702 Colima Rd Ste 205, Rowland Hghts, CA, 91748-2992|
|Liberty Mutual||William Mckenney||19200 Von Karman Ave Suite 200, Irvine, CA, 92612|
|Streets in Los Angeles Area||Homeowners Insurance Cost|
|N Clarence St, Jolette Ave, N Ave 66, Ditson St, Moorcroft Pl, Cockerham Dr, Eagle Ridge Way, Milwaukee Ave, Springlet Trl, Albright Ave||$682|
|E Old Fort Rd, Boulder St, Muscatine St, Drysdale Ave, S para Way, W 60th Pl, Buckler Ave, Glenhurst Ave, S Sycamore Dr, Topock St||$617|
|Royal Oak Rd, Pat Ave, S Spence St, Collingwood Dr, E Yawl St, Rouge St, Pineknoll Ave, Helms Pl, Glory Ave, Lecouvreur Ave||$612|
|N Griffin Ave, Ellita Pl, N Sunset Crest Dr, W Bowdoin St, Lowe St, Weigand Ave, Campbell Dr, Frackelton Pl, Cocos Dr, W St Charles Pl||$609|
|Lafler Rd, Kemper Ct, N Platt Ave, Metropolitan Pl, Raber St, Hancock St, N Skyewiay Rd, N Bowling Green Way, S Alta Vista Blvd, del Valle Dr||$None|
|San Blas Ave, W Edwin Dr, Culver Dr, Homewood Rd, Eleanor Ave, Divina St, Samuel Dupont Ave, W Hatteras St, Firth Blvd, la Barca Pl||$680|
|Remy Ave, Newcomb Dr, Dunlo Pl, Maude Ave, Masselin Ave, Burton Pl, Orum Rd, Whitnall Hwy, Figueroa Pl, Arbol St||$639|
|S Esplanade, Bray St, Brett Pl, Chanute St, W Smilax St, Frontier Plc, Cushdon Ave, Don Milagro Dr, Winona Blvd, Carmel Way||$612|
|W Hollywood Hills Rd, S Mountain View Ave, Paseo la Vis, Deerbrook Ln, E Indiana Ct, S Pershing Dr, Stratton Ave, Jeanette Pl, Via Sorrento, Galvez St||$674|
|McNulty Pl, 25th Ave, Greenburn Ave, W San Fernando Mission Blvd, N Ave 59, Las Flores Dr, Bleriot Ave, Rye St, S Beverly Connection Way, Artesian St||$644|
|Place||Savings For Senior Occupied Homes|
|Los Angeles||$96 to $98|
|Marina del Rey||$96|
|Place||1 Car Bundle Savings On Insurance||2 Car Bundle Savings On Insurance||3 Car Bundle Savings On Insurance|
|Culver City city, California||$83||$111||$166|
|Ladera Heights CDP, California||$86||$115||$172|
|View Park-Windsor Hills CDP, California||$82||$109||$164|
|Place||Home insurance as a % of housing cost for homes with mortgage||Home insurance as a % of housing cost for homes without mortgage|
|Los Angeles, CA||2.0%||9.4%|
|Marina del Rey||1.52%||5.34%|
|Los Angeles Home By Monthly Rent||Total Homes||% of Total||Estimated Monthly Income To Afford Rented House Including Renters Insurance|
|$200 to $299||19,894||2.0%||$777|
|$300 to $499||26,627||3.0%||$1227|
|$500 to $749||79,356||9.0%||$1902|
|$750 to $999||166,192||20.0%||$2652|
|$1,000 to $1,499||280,211||35.0%||$3777|
|$1,500 or more||220,702||27.0%||$5427|
|Zip Code||Median Home Value||Median Homeowners Insurance|
|Coverage ($)||Deductible ($)||Age of home||Company||Average homeowners insurance premium ($)|
|500000||2500||New||Horace Mann P & C||1018|
|150000||250||1-3 Years||American Security||484|
|150000||500||1-3 Years||Metropolitan Direct||667|
|250000||1000||1-3 Years||Stillwater Ins Co||586|
|250000||500||1-3 Years||First American Ins||666|
|250000||500||1-3 Years||Horace Mann||635|
|200000||500||4-6 Years||Amica Mutual||615|
|200000||500||4-6 Years||Farmers (Fire Ins)||984|
|250000||1000||4-6 Years||American Reliable||851|
|250000||1000||4-6 Years||Stillwater Ins Co||676|
|250000||500||4-6 Years||Western Mutual/Residence||687|
|500000||2500||4-6 Years||AIG Prop Cas||2188|
|300000||500||7-15 Years||MAPFRE Group||1349|
|500000||1000||7-15 Years||Foremost Insurance||2504|
|Low Deductible||High Deductible|
|Yearly Los Angeles Homeowner Insurance Premium Example||$1,300||$800|
|Out of Pocket Expense During Claim||$1,000||$3,000|
|Total Home Insurance Premium for 5 years + Out of Pocket Expense for Claim||$7,500||$7,000|
|Net Savings to Los Angeles Home Owner from High Deductible Plan||$500|
|Scenario||Los Angeles, CA Home Replacement Value MORE than Home Value||Los Angeles, CA Home Replacement Value LESS than Home Value|
|Insurance Premium based on Replacement Value||$1,375||$1,000|
|Risk Exposure from Under Insuring Coverage||Unnecessary Home Insurance Coverage of $47,000||Risk Exposure from Under Insuring Coverage is $78,500|
|Premium Impact||Insurance cheaper by $225/year||Insurance costlier by $150/year|
|Insurance Company||Chubb Group of Insurance||GEICO Insurance||Travelers|
|Home Details||2 Beds, 1 Baths||3 Beds, 1 Baths||4 Beds, 1 Baths|
|Deductible||$500 Deductible||> $10,000 Deductible||$500 Deductible|
|Year Built||Home Value||Roof Type||Sqft||Number of Bedrooms||Deductible||Premium||Premium Months||Siding Type||Smoker/Non Smoker|
|1996||670,000||Composition Roof||3,250||4||$500- $1000 Deductible||1040||7||Stucco siding||yes|
|1990||260,000||Wood Shake Roof||1,310||2||$5000 to $10,000 Deductible||410||9||Wood siding||yes|
|1985||305,000||Asphalt Shingles Roof||1,210||3||$500 Deductible||80||1||Wood siding||yes|
|1946||405,000||Slate Shingles Roof||2,200||3||$500- $1000 Deductible||1040||9||Fiber-Cement Siding||yes|
|1984||365,000||Membrane Roof||1,460||3||$1000-$2500 Deductible||170||2||Fiber-Cement Siding||yes|
|1943||340,000||Tile Roof||1,810||4||> $10,000 Deductible||320||6||Stone Siding||yes|
|1958||550,000||Membrane Roof||2,050||3||$500- $1000 Deductible||480||4||Brick siding||yes|
|1952||270,000||Slate Shingles Roof||1,490||2||$2500-$5000 Deductible||270||5||Stone Siding||No|
|1977||335,000||Slate Shingles Roof||1,400||2||$1000-$2500 Deductible||280||5||Wood siding||yes|
|1988||315,000||Metal Roof||1,290||2||$1000-$2500 Deductible||200||3||Vinyl siding||No|
|1964||190,000||Slate Shingles Roof||1,010||2||$500 Deductible||490||12||Stone Siding||yes|
|1962||300,000||Slate Shingles Roof||1,170||2||$5000 to $10,000 Deductible||140||3||Stucco siding||yes|
|1986||245,000||Tile Roof||1,320||2||$500 Deductible||200||4||Fiber-Cement Siding||yes|
|1976||490,000||Wood Shake Roof||2,000||3||$500 Deductible||250||2||Wood siding||No|
|1974||420,000||Asphalt Shingles Roof||1,780||4||$5000 to $10,000 Deductible||490||7||Fiber-Cement Siding||No|
|1959||310,000||Slate Shingles Roof||1,330||3||$500- $1000 Deductible||450||5||Stucco siding||yes|
|1954||435,000||Metal Roof||2,220||3||> $10,000 Deductible||80||1||Brick siding||No|
|1982||340,000||Membrane Roof||1,630||3||$5000 to $10,000 Deductible||290||5||Stucco siding||No|
|1997||310,000||Wood Shake Roof||1,240||3||$2500-$5000 Deductible||430||8||Brick siding||yes|
|1965||640,000||Metal Roof||2,660||4||$500 Deductible||1130||6||Wood siding||No|
|1988||535,000||Metal Roof||1,990||3||$5000 to $10,000 Deductible||480||5||Wood siding||No|
|1960||825,000||Membrane Roof||3,320||4||> $10,000 Deductible||600||6||Stone Siding||yes|
|1979||230,000||Asphalt Shingles Roof||1,150||2||> $10,000 Deductible||60||2||Brick siding||yes|
|1987||435,000||Asphalt Shingles Roof||1,830||4||$500- $1000 Deductible||630||6||Vinyl siding||No|
|1966||850,000||Slate Shingles Roof||3,320||4||$1000-$2500 Deductible||1010||5||Wood siding||yes|
|1959||265,000||Slate Shingles Roof||1,180||2||$2500-$5000 Deductible||520||9||Stucco siding||No|
|1956||785,000||Asphalt Shingles Roof||3,120||4||$5000 to $10,000 Deductible||1040||10||Wood siding||yes|
|1952||310,000||Asphalt Shingles Roof||1,500||2||$500 Deductible||290||5||Vinyl siding||No|
|1974||280,000||Tile Roof||1,400||2||> $10,000 Deductible||310||9||Wood siding||No|
|1987||630,000||Wood Shake Roof||3,150||4||$500- $1000 Deductible||1820||10||Vinyl siding||yes|
|1937||750,000||Membrane Roof||1,148||1||$2500-$5000 Deductible||1800||12||Stone Siding||No|