California homeowners insurance on average costs about $1,008 a year for an HO3 policy, but where you buy your coverage from can make all the difference in the amount of protection you actually have.
More than 2 million California homes are at high or extreme wildfire risk, and many insurance companies are dropping customers, leaving homeowners with wildfire exposure in the lurch. Cost matters, but don’t settle for a policy that leaves you unprotected for wildfire damage.
Let’s look at what it takes to offer the best homeowners insurance in California. And if you want to see what it means firsthand, apply now for a home insurance quote from Kin.
Insurance claims from the Camp, Hill, and Woolsey fires totaled more than $12 billion.
Kin’s California home insurance is backed by Falls Lake Fire and Casualty Company, which is rated A- (Excellent) by A.M. Best. That indicates the financial stability to pay out claims even after widespread disasters. So now that you know your claims are covered, let’s talk specifics.
Our California homeowners insurance covers the essentials:
But it’s the customization that makes Kin’s policies special.
Kin’s HO3 policy protects your home against a variety of losses. It can cover damage for all perils except those explicitly excluded in the policy, such as damage from earth movement (think: earthquakes, sinkholes, and mudslides). That said, in most cases, you can add on coverage for excluded losses. For example, if you need earthquake insurance, just ask us for details.
Additionally, our California homeowners insurance offers:
We serve all areas of California, including:
“The absolute best insurance company I have ever worked with in my life without exception. I will never again use another insurance company.” – Vicki O.
The national average for homeowners insurance is $1,211 a year, but Californians typically pay $1,008 a year for their coverage. However, your cost may vary depending on your home’s location, its replacement cost, its age and size, the type of personal property you have, and other characteristics of your home.
The best way to find out how much your homeowners insurance will cost? Get a quote today.
While you can’t control some factors that impact the price of your home coverage, like your home's age or its location, you can reduce your insurance costs in other ways.
Kin offers premium discounts for homeowners who:
And remember, you can adjust your deductible to save some money, too. Typically, the higher your deductible, the lower your premium. Just make sure you only choose a deductible you can reasonably cover when it’s time to make a claim.
You are not legally required to have homeowners insurance in California, but if you have a mortgage, your lender will require it. Your mortgage lender requires you to have homeowners insurance for two reasons:
Defaulting on a mortgage for a home is one thing – it can always be repossessed and resold. But if the home is completely destroyed and you don’t have insurance, your mortgage company would have to pay to rebuild it. No lender wants that.
The risks your home faces depend on your location and your home's characteristics. However, in California, these are the biggest risks most properties face.
Top Perils for California Properties
|Wildfires||More than 2 million California homes at high or extreme wildfire risk, and the fire and lightning claims average $68,322 per incident.|
|Floods||California is prone to riverine flooding, which happens when extended rainfall causes rivers to exceed their capacity.|
|Earthquakes||Eight of the ten costliest US earthquakes in the last century all occurred in California.|
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