Riverside, CA homeowners insurance is about $515 to $695, about $42-$57/month. Our exhaustive research indicates shoppers can save upto $242 by comparing many quotes. Enter your zipcode below and click “GO” to get multiple free quotes.
The average cost of homeowners insurance in Riverside, CA, is $795. Homeowners insurance in Riverside will protect you in the event of a disaster, theft, or during any other unexpected situation. It is a great way to protect your family and your most valuable assets. Homeowners insurance in Riverside, CA, will cover the cost of repairs and damages, even if a member is injured on your covered property.
Factors like the type of construction, age of home, your area of residence, and the amount of coverage can affect your home insurance rates in Riverside, CA. For example, the location of your house. It plays a crucial part in determining the cost of your home insurance in Riverside, California. If you live in a high–risk area where crime rates are high, insurance providers will charge high premiums as the potential risks of threats and damage is severe. In order to reduce the risks, homeowners can install safety features to get discounts on home insurance in Riverside, CA.
Here are a few tips which can help you get a discount on home owner insurance in Riverside, CA.
a. By choosing a higher deductible
Home insurance deductibles are the amount you pay out of pocket towards a claim. Therefore, the higher your deductible, the lower premiums you pay towards your home insurance in Riverside, CA. For example, homeowners paying a deductible of 500 and 1500 pay a premium of $785.46 and $668.91 on homeowners insurance in Riverside, CA. In contrast, homeowners paying a deductible of 2000 and 2500 pay $607.22 and $570.81, respectively.
b. By installing security features
Security features can get you substantial discounts on home insurance in Riverside as it decreases the chances of damage, theft, fire, or burglary. For example, burglars know to break into the security system, but the chances of burglary or theft will decrease by installing deadbolts at home. These locks will prevent most people from kicking in your door, and they might even slow burglars down, which is very risky for them. Homes equipped with deadbolts pay $707.55 on homeowners insurance in Riverside, CA.
c. By maintaining a zero claims history
It might be highly irresistible to file a claim if your home is suffering minor damages. However, it may not be worth the trouble since your insurer might increase the home insurance rates. Instead, homeowners can consider paying out of their pockets for nominal damages. This way, homeowners can save themselves from facing high premiums and keep the claim for a significant repair or damage to the home. For example, homeowners in Riverside, CA, with zero claims history, have to pay a premium of $683.7. In contrast, homeowners with one or two claims have to pay $858.6 and $898.35 on homeowners insurance in Riverside, CA.
In Riverside, California, the average cost of home insurance is $795. Riverside homeowners can identify the cheapest home insurance provider by comparing quotes from multiple insurance companies. Below are some of the factors that Riverside homeowners should keep in mind before choosing the best home insurance company.
A.M. Best Rating
Financial strength is referred to as the capacity of an insurance company to grant claims of current policyholders. Riverside homeowners are suggested to opt for home insurance companies with high financial strength ratings. A.M. Best rates home insurance companies based on their financial strength. Riverside homeowners can use these ratings to identify home insurance companies with high financial capacity.
J.D. Power Score
J.D. Power awards ratings to home insurance companies based on the feedback collected from current policyholders. The customer satisfaction score of an insurance company is calculated using policy coverage, insurance rates, discounts, customer handling, and the speed at which a claim is processed. Riverside homeowners can use the J.D. Power Score to choose insurance companies that ensure the satisfaction of policyholders.
Comparing Quotes
Home insurance companies use different parameters to calculate home insurance rates. Home insurance quotes differ from one insurance company to another. Riverside homeowners should receive quotes from multiple home insurance companies to choose the cheapest one. Homeowners should also consider the add-on policies offered by home insurance companies, in addition to the standard home insurance policy.
Deductibles vs. Insurance Rates
Riverside homeowners can opt for high deductibles to reduce their home insurance rates. The deductibles and the corresponding reduction in home insurance rates differ from one home insurance company to another. Riverside homeowners are suggested to choose the home insurance company that offers the highest discount for their deductibles. For example, Riverside homeowners opting for a deductible of $2,500 and $2,000 pay $570 and $607, respectively.
Claims Processing Speed
Home insurance companies should be swift in processing the claims of homeowners. Homeowners are generally given a time period of 10 to 30 days to file a claim in case of damages. Once submitted, home insurance companies take a maximum of 40 days to review the claim and accept or deny it. Riverside homeowners are suggested to choose home insurance companies that have a simple and swift claims processing system.
Riverside, CA Home Value | Total Homes | % of Total | Average Riverside, CA Homeowners Insurance |
---|---|---|---|
Less than $50,000 | 2,719 | 4.0% | $60 |
$80,000 to $89,999 | 731 | 1.0% | $211 |
$90,000 to $99,999 | 887 | 1.0% | $242 |
$100,000 to $124,999 | 4,322 | 6.0% | $278 |
$125,000 to $149,999 | 4,982 | 7.0% | $350 |
$150,000 to $174,999 | 8,314 | 12.0% | $411 |
$175,000 to $199,999 | 6,112 | 9.0% | $477 |
$200,000 to $249,999 | 12,880 | 19.0% | $574 |
$250,000 to $299,999 | 9,535 | 14.0% | $701 |
$300,000 to $399,999 | 14,494 | 21.0% | $889 |
Home Insurance Company Near Riverside, CA | Homeowners Insurance Agency Near Riverside, CA | Address |
---|---|---|
State Farm | Eddie Quillares Jr | 415 N Broadway, Santa Ana, CA, 92701-4656 |
Travelers | Friant Insurance Agency Inc | 23152 VERDUGO DRIVE SUITE A, LAGUNA HILLS, CA, 92653 |
State Farm | Ken Latourette | 1032 Irvine Blvd, Tustin, CA, 92780-3527 |
Travelers | Living Stone Ins Services Inc | 1930 S BREA CANYON RD 115, DIAMOND BAR, CA, 91765 |
Farmers | Todd Dailey | 29930 Hunter Rd Ste 104, Murrieta, CA, 92563 |
Streets in Riverside Area | Homeowners Insurance Cost |
---|---|
Saint James Dr, Strasbourg Dr, Hackamore Pl, Heron Ln, Rolanda Dr, Mt Wasatch Dr, Copper Hill Run, Mural Ct, Merrygrove Cir, Northhampton Dr | $591 |
Shady Ridge Cir, Sovereign Way, Boulder Bluffs, Hyde Park Cir, Nemaha Ct, Sierra Mesa Cir, Dean Way, Ransom Pl, Teaberry Rd, Dalcross Ct | $593 |
Caspian Way, Thornhill Dr, River Briar Ct, Rowena Dr, Freda Ave, Tinker St, Laurelbrook Dr, Corinthian Way, Torrey St, Chinotto Ln | $620 |
Marley Dr, David Pl, Bedford Dr, Agatha Ln, Arnold Blvd, Quebec Dr, Hines Ave, Skye Dr, Wallingham Dr, Valley Glen Cir | $601 |
Wimpole St, Ranchwood Pl, Hatten Ln, Bluntleaf Ct, Clifton Blvd, Hillcrest Ave, Melbourne Pl, Hide Out Ct, Sugarloaf Dr, Maybrook Cir | $594 |
Falcon Crest Dr, Spring Rd, Newbridge Dr, Lewis Ave, Lilac Ct, Leafwood Dr, Graeber St, Penny Dr, Onyx Way, Canyon Hill Dr | $632 |
City College Dr, Chestnut St, Attica Dr, Morningview Dr, Dartmouth Ave, Sterling Ave, Blake Rd, Melville Dr, Glennel Dr, Alta Mesa Dr | $620 |
Martha Way, New Mexico Dr, Stacey Ave, Kingsbury Pl, Leucadia Ln, Marilyn St, E Cadena Dr, Katrina Ct, Cody Ct, Bernard St | $603 |
Harbart Dr, Dawn View Cir, Madrid Ct, Black Oak Pl, Carmine St, Brentwood Ln, Rochester Pl, Pembridge Dr, McAllister St, Beal Ave | $599 |
Cameron Dr, Roja St, Prosperity Ln, Via Mindi, Creekmoor Ln, Ann Arbor Ct, Juniper Cir, Running Deer Rd, Delgado Ct, Glenview Ter | $606 |
Place | Savings For Senior Occupied Homes |
---|---|
Riverside | $90 to $92 |
March ARB | $91 |
Woodcrest | $93 |
Moreno Valley | $89 |
Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
---|---|---|---|
Woodcrest CDP, California | $93 | $124 | $186 |
Highgrove CDP, California | $91 | $121 | $182 |
Grand Terrace city, California | $91 | $121 | $182 |
Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
---|---|---|
Riverside, CA | 2.7% | 12.2% |
Woodcrest | 2.25% | 10.63% |
Highgrove | 3.06% | 17.69% |
Grand Terrace | 2.57% | 11.6% |
Riverside Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
---|---|---|---|
$200 to $299 | 714 | 1.0% | $797 |
$300 to $499 | 1,432 | 2.0% | $1247 |
$500 to $749 | 3,694 | 7.0% | $1922 |
$750 to $999 | 12,658 | 24.0% | $2672 |
$1,000 to $1,499 | 21,443 | 40.0% | $3797 |
$1,500 or more | 12,210 | 23.0% | $5447 |
Coverage ($) | Deductible ($) | Age of home | Company | Average homeowners insurance premium ($) |
---|---|---|---|---|
150000 | 500 | New | American Reliable | 451 |
250000 | 1000 | New | California Capital | 445 |
250000 | 1000 | New | Encompass | 665 |
250000 | 500 | New | Amco | 494 |
500000 | 1000 | New | American Reliable | 1176 |
500000 | 1000 | New | Farmers (Fire Ins) | 1157 |
500000 | 1000 | New | First American Ins | 905 |
750000 | 2500 | New | Century National | 1243 |
250000 | 1000 | 1-3 Years | American Security | 697 |
250000 | 500 | 1-3 Years | CSE Safeguard | 654 |
250000 | 500 | 1-3 Years | First American Ins | 605 |
250000 | 500 | 1-3 Years | Wawanesa | 658 |
250000 | 500 | 1-3 Years | Western Mutual/Residence | 553 |
300000 | 500 | 1-3 Years | Chubb/Federal | 1497 |
500000 | 1000 | 1-3 Years | American Security | 1382 |
500000 | 1000 | 1-3 Years | Tokio Marine America | 892 |
500000 | 2500 | 1-3 Years | Horace Mann | 941 |
150000 | 250 | 4-6 Years | Liberty Ins Corp | 589 |
150000 | 500 | 4-6 Years | Chubb/Federal | 867 |
250000 | 1000 | 4-6 Years | Amica Mutual | 697 |
250000 | 500 | 4-6 Years | QBE (Balboa) | 673 |
400000 | 1000 | 4-6 Years | Homesite | 1104 |
400000 | 1000 | 4-6 Years | Horace Mann | 1036 |
Low Deductible | High Deductible | |
---|---|---|
Deductible | $1,000 | $2,000 |
Yearly Riverside Homeowner Insurance Premium Example | $600 | $400 |
Out of Pocket Expense During Claim | $1,000 | $2,000 |
Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim | $5,800 | $5,200 |
Net Savings to Riverside Home Owner from High Deductible Plan | $600 |
Scenario | Riverside, CA Home Replacement Value MORE than Home Value | Riverside, CA Home Replacement Value LESS than Home Value |
---|---|---|
Replacement Value | $299,000 | $205,500 |
Insurance Premium based on Replacement Value | $775 | $525 |
Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $28,000 | Risk Exposure from Under Insuring Coverage is $65,500 |
Premium Impact | Insurance cheaper by $175/year | Insurance costlier by $75/year |
Insurance Company | Travelers | Farmers Insurance | State Farm |
Monthly Premium | 52 | 33 | 63 |
Year Built | 1981 | 2001 | 1964 |
Home Details | 3 Beds, 2 Baths | 5 Beds, 4 Baths | 4 Beds, 3 Baths |
Coverage Amount | $200000-$250000 | $150000-$175000 | $300000-$350000 |
Deductible | $1000-$2500 Deductible | $2500-$5000 Deductible | $5000 to $10,000 Deductible |
Year Built | Home Value | Roof Type | Sqft | Number of Bedrooms | Deductible | Premium | Premium Months | Siding Type | Smoker/Non Smoker |
---|---|---|---|---|---|---|---|---|---|
1973 | 215,000 | Metal Roof | 1,670 | 4 | $500 Deductible | 540 | 10 | Stucco siding | yes |
1967 | 145,000 | Asphalt Shingles Roof | 1,240 | 3 | $500- $1000 Deductible | 160 | 5 | Vinyl siding | No |
2014 | 290,000 | Shingles Roof | 2,080 | 4 | $5000 to $10,000 Deductible | 40 | 1 | Stone Siding | yes |
2004 | 545,000 | Metal Roof | 4,440 | 5 | > $10,000 Deductible | 310 | 4 | Stucco siding | No |
2014 | 280,000 | Tile Roof | 2,250 | 4 | $500 Deductible | 90 | 1 | Stucco siding | yes |
1977 | 145,000 | Wood Shake Roof | 1,280 | 3 | $1000-$2500 Deductible | 240 | 9 | Wood siding | No |
1960 | 100,000 | Membrane Roof | 980 | 2 | $500- $1000 Deductible | 260 | 12 | Brick siding | yes |
2007 | 190,000 | Asphalt Shingles Roof | 1,240 | 3 | $1000-$2500 Deductible | 250 | 6 | Brick siding | No |
2014 | 415,000 | Asphalt Shingles Roof | 3,810 | 5 | $500- $1000 Deductible | 440 | 6 | Brick siding | No |
1963 | 615,000 | Shingles Roof | 4,510 | 5 | $1000-$2500 Deductible | 430 | 6 | Vinyl siding | yes |
1999 | 220,000 | Asphalt Shingles Roof | 2,080 | 4 | $500 Deductible | 320 | 6 | Wood siding | No |
2011 | 200,000 | Tile Roof | 1,840 | 4 | $500- $1000 Deductible | 180 | 4 | Fiber-Cement Siding | No |
1980 | 355,000 | Asphalt Shingles Roof | 3,180 | 4 | $5000 to $10,000 Deductible | 600 | 9 | Stone Siding | No |
1967 | 395,000 | Wood Shake Roof | 2,750 | 4 | > $10,000 Deductible | 460 | 8 | Stucco siding | No |
1962 | 180,000 | Composition Roof | 1,490 | 2 | $1000-$2500 Deductible | 350 | 12 | Wood siding | yes |
1975 | 255,000 | Wood Shake Roof | 1,990 | 3 | $1000-$2500 Deductible | 340 | 7 | Stucco siding | yes |
1987 | 290,000 | Membrane Roof | 2,710 | 5 | > $10,000 Deductible | 310 | 10 | Wood siding | No |
1984 | 220,000 | Tile Roof | 1,730 | 2 | > $10,000 Deductible | 170 | 7 | Stucco siding | yes |
1973 | 195,000 | Slate Shingles Roof | 1,790 | 2 | $5000 to $10,000 Deductible | 30 | 1 | Stone Siding | yes |
1965 | 320,000 | Membrane Roof | 3,040 | 4 | $500- $1000 Deductible | 530 | 6 | Vinyl siding | No |
2014 | 185,000 | Membrane Roof | 1,690 | 2 | $500- $1000 Deductible | 190 | 4 | Stucco siding | yes |
1994 | 170,000 | Wood Shake Roof | 1,390 | 2 | $1000-$2500 Deductible | 130 | 3 | Stucco siding | yes |
2008 | 115,000 | Membrane Roof | 960 | 2 | $500 Deductible | 210 | 6 | Stucco siding | No |
1992 | 220,000 | Composition Roof | 1,680 | 3 | $500- $1000 Deductible | 150 | 3 | Wood siding | yes |
1960 | 150,000 | Shingles Roof | 1,020 | 2 | $500 Deductible | 180 | 5 | Stucco siding | No |
1967 | 340,000 | Composition Roof | 2,260 | 4 | $500- $1000 Deductible | 570 | 9 | Vinyl siding | yes |
1990 | 240,000 | Membrane Roof | 1,900 | 3 | $500- $1000 Deductible | 490 | 10 | Vinyl siding | No |
1984 | 135,000 | Membrane Roof | 1,270 | 3 | $1000-$2500 Deductible | 180 | 9 | Fiber-Cement Siding | No |
2014 | 615,000 | Slate Shingles Roof | 4,920 | 5 | $500- $1000 Deductible | 770 | 5 | Stone Siding | No |
2012 | 310,000 | Wood Shake Roof | 2,630 | 4 | > $10,000 Deductible | 490 | 9 | Stucco siding | No |
1972 | 265,000 | Membrane Roof | 1,498 | 3 | $1000-$2500 Deductible | 850 | 12 | Stone Siding | yes |