Best Homeowners Insurance in San Francisco of 2022
- Category: General Liability
- Date: 01-08-2022
Find the best and cheapest homeowners insurance companies in San Francisco.
How much homeowners insurance in San Francisco costs depends on several factors, including coverage types and limit amounts, the policy deductible, the insuring company, and personal characteristics like your age and claims history. To give you an idea of how much San Francisco home insurance may cost, we gathered data from the carriers detailed above.
The first table outlines different average annual premiums for dwelling amounts of $200,000, $300,000, $400,000, and $500,000 and $100,000 of liability coverage. The dwelling amount is for the home structure itself and not the home value. The second table shows the same dwelling amounts with $300,000 in liability coverage.
How To Save Money on Homeowners Insurance in San Francisco
There are several ways to save money on homeowners insurance in San Francisco. For instance, only purchase needed coverages at limits that make sense for your home. Bundling home and auto will usually provide a multipolicy discount, as does having protective devices like fire and burglar alarms. Some carriers offer a claim-free discount if you go a certain number of years without filing a claim. Raising your deductible will lower your premium, but be sure you can afford the higher deductible if you have to file a claim.
Comparing Common Discounts Across Top Companies
COMPANY | MULTI-PRODUCT DISCOUNTS (BUNDLES) | LOYALTY DISCOUNTS | PROTECTIVE DEVICES DISCOUNTS | CLAIM-FREE DISCOUNTS | NEW HOME CREDIT | MILITARY DISCOUNTS | |
|---|---|---|---|---|---|---|---|
| Lemonade » | |||||||
| USAA » | |||||||
| Amica » | |||||||
| Allstate » | |||||||
| State Farm » |
Visit our rating of the Cheapest Homeowners Insurance Companies of 2022, Best Home and Auto Insurance Bundles of 2022, and How to Bundle Home and Auto Insurance for more information on homeowners insurances costs and finding inexpensive homeowners insurance policies.
To find the right home insurance company for you in San Francisco, consider your coverage needs, then shop for quotes with different carriers to compare available coverages and pricing. By knowing your coverage needs, you can narrow down the right company faster by finding one with your desired coverages and add-on features. For example, if you need to add water backup or coverage for valuable possessions you own, such as jewelry or other collectibles. Some homeowners may find replacement cost on dwelling and personal property to be worth considering.
Learn more from our How to Buy Homeowners Insurance guide.
A standard homeowners insurance policy in San Francisco covers repairs or replacement of items and materials damaged on the dwelling and replacement of damaged personal property after a covered loss. It also provides coverage for liability if a household resident accidentally injures someone or damages their property, and medical payments for other non-household members. Loss of use– sometimes called additional living expenses– is also included, which pays for temporary housing and other associated costs if your home is uninhabitable while being repaired after a covered loss.
Comparing Common Features Across Top Companies
COMPANY | OTHER STRUCTURES COVERAGE | IDENTITY THEFT PROTECTION | VALUABLE POSSESSIONS | WATER BACKUP | DWELLING/PERSONAL PROPERTY REPLACEMENT | |
|---|---|---|---|---|---|---|
| Lemonade » | Yes | No | Optional | Optional | Yes | |
| USAA » | Yes | Yes | Optional | No | Yes | |
| Amica » | Yes | Optional | Optional | Optional | Optional | |
| Allstate » | Yes | Optional | Optional | Optional | Optional | |
| State Farm » | Yes | Optional | Optional | Optional | Optional |
A standard home insurance policy doesn’t cover damage from floods or earthquakes, but you can buy a separate insurance policy for either in California. If an earthquake or flood waters damage your San Francisco home, there’s no coverage without a separate policy in place.
Flood insurance provides specific coverage limits for the dwelling and contents of the home. Many insurers offer flood insurance through the National Flood Insurance Program (NFIP) and may offer private flood insurance, though coverages and exclusions may differ by carrier. To find your property’s flood risk, enter your address in FEMA’s Flood Map Service Center. This information, along with your coverage needs, will determine the cost of flood insurance for your home. The more likely your home will flood, the higher your premium will be.
In San Francisco, insurers who partner with the California Earthquake Authority can offer earthquake insurance with the same standard coverages a homeowners policy provides, including the cost of necessary repairs to protect your home after earthquake damage. Some special limits or exclusions may apply, depending on the carrier and policy.
To get more information on purchasing an earthquake or flood insurance policy, contact your insurance agent or company.
Yes* denotes that the coverage is available for purchase through the insurer, but the insurance may ultimately be from an external program, such as the NFIP (flood), CEA (California Earthquake Authority), or another partner (ie. Palomar for Lemonade Earthquake).
No* denotes that, while a company does not participate in the NFIP, customers can enroll and report claims to agents and/or directly to the NFIP.
Disclaimer
The information provided on this website does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available on this site are for general informational purposes only.