Get Los Angeles, CA Home Insurance Rates!

Everyone knows that Los Angeles is a world-class vacation destination bursting at the seams with art, culture, and beautiful beaches but not everyone knows that it is also a great place to live and raise a family. Whether you are soaking up the sun at a local beach, hiking the Hollywood hills or cruising your bike on our miles of trails, L.A. has something for everyone.

Los Angeles Facts

Los Angeles is shockingly large, it is home to 3,792,621 people making it the largest city in California and the second most populous city in the country. L.A. proper is made up of 469 square miles and is the center of the Los Angeles-Long Beach-Santa Ana metro area, which contains 18 million people, the second largest metro in the U.S.

Los Angeles has housing options for everyone, ranging from small apartments and condos to beach front mansions. Trulia data shows that the average listing price is currently $1,253,449 while the median sales price comes in at $539,000. The average price per square foot is $459, which was an increase of 6.2 percent. All of this means that L.A. is a fairly expensive place to live, luckily home insurance tends to be fairly reasonable.

Homeowners Insurance in Los Angeles

Homeowners insurance in California or the city of Los Angeles is roughly $795 a year. This ranks it as the 17th most expensive in the nation, making it pretty reasonable for such a large and diverse city.

Los Angeles offers tons of housing options and neighborhoods to choose from which means that insurance costs can vary dramatically. Shopping your policy around is especially important in a city as large as Los Angeles. Insurers rate risk differently which means that quotes can very wildly. One insurer may specialize in your area of Los Angeles and be able to offer great coverage at a lower price. Shop your coverage at least once a year.

Factors to Consider in Los Angeles

Los Angeles does have a few factors working against it when it comes to homeowner rates, some you can control, others that you can’t. The crime rate in L.A. is higher than California in general as well as the national median. Buying a house in the best neighborhood you can afford will help drive down your costs. Check out crime rates in any area that you are considering.

Los Angeles is also home to a number of natural disasters. Everything from fires, to floods to earthquakes can jack up your homeowner rates. Earthquake and flood damage is not covered by a standard homeowner policy so an additional policy will be necessary if your home is in a flood or quake zone. While it will up your rates, the added coverage can be a lifesaver if your home is damaged or destroyed in an earthquake or flood.

Compare Homeowners Insurance Rates in Los Angeles, CA!

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Servicing Los Angeles, California Home Insurance Quotes & Coverage

The carriers we offer for California homeowners have an "A+" A.M. Best rating and our Los Angeles agents have been working with these carries since 2007. Our insurance experience provides the best service when it comes to working with you so we can provide a coverage plan that works best for you. Our California customers value our service and depend on us to help them with all of their insurance needs, that also includes auto and life insurance as well. As a homeowner in California shopping for online rates and coverage options can be a confusing task, that's why working with our Los Angeles, CA agent will give you the outstanding service you need to find the coverage you can understand and afford. Our top rated carriers include Farmers, Safeco, First American, Travelers, Liberty Mutual, Chubb, Foremost, Pacific Select Property and many more. Because we know that homeowners insurance is not always about the lowest price, it's important to find affordable coverage that you know and trust. Take advantage of our online services and let us help you find the Los Angeles, CA insurance coverage that you need. Submit an online home insurance quote today!

Average Rates Nearby Los Angeles

Are you looking for homeowners insurance in a city near Los Angeles? Review coverage options and average rates in your area by clicking your city below. We can help you shop home insurance rates!

Home Insurance Rates by Zipcode in Los Angeles, CA

Easily review average rates and get multiple homeowners insurance quotes by clicking your zip code below located in Los Angeles.

90001, 90002, 90003, 90004, 90005, 90006, 90007, 90008, 90010, 90011, 90012, 90013, 90014, 90015, 90016, 90017, 90018, 90019, 90020, 90021, 90022, 90023, 90024, 90025, 90026, 90027, 90028, 90029, 90031, 90032, 90033, 90034, 90035, 90036, 90037, 90038, 90039, 90040, 90041, 90042, 90043, 90044, 90045, 90046, 90047, 90048, 90049, 90056, 90057, 90058, 90059, 90061, 90062, 90063, 90064, 90065, 90066, 90067, 90068, 90073, 90077, 90089,

Los Angeles, CA Home Insurance Average Premiums

Local Los Angeles, CA home insurance quotes comparison

$748 /yr.

Shows Los Angeles's lowest average rates with discounts applied.

For the city of Los Angeles, homeowners insurance rates may vary on deductible, coverage amount and property details. Below is a list of the averages based on the cost of an annual home insurance premium.

Coverage Amount:	Annual Premium
1800 sq. ft. or below (discounts applied)	$748 /yr.
Average Coverage:	$998 /yr.
2600 sq. ft. or higher (all discounts applied)	$1298 /yr.

What is the average home insurance cost for a home in Los Angeles, CA?

• The average homeowners insurance premium paid annually for a home in Los Angeles is around $998 per year.

What does it cost on average per month for home insurance in Los Angeles, CA?

• Homeowners in Los Angeles pay an average cost per month around $83.00 for insurance coverage.

Los Angeles, CA Coastal Wind, Hail & Flood Information

Los Angeles is located in a coastal county which greatly increases the risk of hurricanes and windstorms. Our quoting process will include wind and hail coverage options to give you the best protection you need against high winds and storm damage.

Flood Zone Notice: The beautiful coastal city of Los Angeles is know for it's beautiful beaches and waterways. Because Los Angeles County (FIPS: 6037) has a shoreline and is in a coastal area it is important to purchase flood insurance. The risk is very high in this area and we will work with you to provide the best flood insurance coverage you need for your home in Los Angeles, CA.

Los Angeles, CA - 2023 Housing Information

Month	Current Home Value (2023)	Last Year Home Value (2022)
January	$931,860	$910,082
February	$918,977	$920,700
March	$907,603	$932,086
April	$901,961	$941,862

Homeowners insurance will help cover the cost to repair or replace your Los Angeles home if it is damaged or destroyed by a covered peril, up to your coverage limits. A homeowners policy is made up of a few different coverages. Here are the most common coverages:

Dwelling: This coverage will pay to repair or replace the structure of your home if it is damaged or destroyed. Review and Calculate Replacement Cost Coverage in Los Angeles
Liability: This coverage will help cover medical and legal bills if someone is injured in your home, slipping on an icy sidewalk for example. It also offers protection if you damage another person’s property, your child hitting a baseball through a neighbor’s window for example.
Contents: This covers the cost to replace your personal possessions that are destroyed by a covered peril. Furniture, electronics, clothing and household goods are excellent examples. Contents coverage is often capped at 50% to 70% of your dwelling coverage.
Other Structures: This coverage protects other structures on your property such as detached garages, outbuildings, barns, and sheds.
Loss of use: This covers everyday costs that you incur if you cannot live in your home while it is being repaired due to a claim. It will pay hotel and restaurant bills and even the cost of dry cleaning.

Get up to 12 competitive Los Angeles, CA homeowners insurance rates all in one place!

Saving Money Tips on Los Angeles Home Insurance

A great way to save money on Los Angeles homeowners insurance is to make sure you are getting all the discounts you are qualified to receive. Here are just a few of the most common discount’s insurers offer:

Bundling: If you purchase your home and auto (or any other insurance coverage) from the same insurer, you should get a bundling discount. Expect to save 20%-25%.
Secure your home: Adding a monitored security system, water leak sensors, deadbolts, and smoke detectors should result in a discount.
Impact resistant roof: If you are replacing your roof, consider impact resistant roofing materials which help prevent hail and impact damage as well as resulting in a significant discount.
Stay claim free: If you have been claim free for a number of years (five is a common requirement) your insurer should offer a claim free discount.

Are you shopping for the best rate near or wihin the Los Angeles area? Check out what homeowners are paying on average for California homeowners insurance.

Elevation Review for Coastal Wind or Flooding Risk

Elevation	Details	Homeowners Tips
303 ft.	This is the average home elevation in Los Angeles, CA	» Elevation is crucial to a homeowners insurance policy because it determines the risk of your home being in a flood zone which is particularly important in a coastal state such as Los Angeles, California. A standard homeowners policy does not cover flood damage. If you live in a flood prone area, you will need to purchase a separate flood to fully protect your home. Call Now for Flood Insurance Quotes: 888-620-1954! Flood insurance can be purchased via the National Flood Insurance Program (NFIP) or in the private market. NFIP policies come with coverage caps and other restrictions so you may need to supplement your flood insurance coverage with a private market policy. It's important to remember that flooding occurs in low and moderate risk areas as well. According to FEMA data, almost 25% of all flood claims come from low to moderate-risk areas.

Elevation

Details

Homeowners Tips

303 ft.

This is the average home elevation in Los Angeles, CA

» Elevation is crucial to a homeowners insurance policy because it determines the risk of your home being in a flood zone which is particularly important in a coastal state such as Los Angeles, California.

A standard homeowners policy does not cover flood damage. If you live in a flood prone area, you will need to purchase a separate flood to fully protect your home.

Call Now for Flood Insurance Quotes: 888-620-1954!

Flood insurance can be purchased via the National Flood Insurance Program (NFIP) or in the private market. NFIP policies come with coverage caps and other restrictions so you may need to supplement your flood insurance coverage with a private market policy.

It's important to remember that flooding occurs in low and moderate risk areas as well. According to FEMA data, almost 25% of all flood claims come from low to moderate-risk areas.

To get online quotes on your home and compare rates on home insurance premiums in Los Angeles, enter your zip code above and easily complete our online quoting application. Remember, it's important to speak with us about additional home insurance discounts so you can get the best rate for your home in Los Angeles County.

California Homeowners Insurance News & Information

2024 Average Homeowners Insurance Rate at $2,777 per year Posted on Tuesday 20th February, 2024
A recent report by Insurance.com, found that the average homeowners insurance rate in the U.S. came in at $2,777 per year which breaks down to $231 a month. The average was based on coverage levels of $300,000 in dwelling and liability and a $1,000 deductible. When Insurance.com ran the numbers, Oklahoma was the most expensive […]
What exactly is a FAIR Plan? Posted on Tuesday 2nd January, 2024
If you live in an area where severe weather is common, or wildfires pop up every summer you may have trouble finding affordable home insurance coverage. If homes in your area are repeatedly damaged or destroyed by a covered peril, insurers may pull out of the entire area, refusing to write policies in your neighborhood. […]
2024 Homeowners Insurance Outlook Receives Negative Rating Posted on Tuesday 21st November, 2023
The insurance news for 2024 is certainly not great. Experts expect that extreme weather and increasing costs will push up insurance costs and make insurance companies more selective when deciding where they will write policies. Recently, credit rating agency AM Best downgraded the entire home insurance industry from stable to negative. According to Richard Attanasio, […]
2023 – California’s recent storms – Is my home covered by insurance? Posted on Tuesday 10th January, 2023
California has recently been hit by a shocking amount of punishing winter weather that has triggered flooding as well as mudslides across vast areas of the state. The weather has led to evacuation orders as well as damaged homes. Unfortunately, for many homeowners, the damage may not be covered by their homeowners insurance. In most […]
2022 Future Housing Market Preview by Fed Chairman Powell Posted on Friday 1st July, 2022
Many of us are concerned about how the housing market will fare as interest rates head up and a looming recession takes hold. Will home values crash as they did during the Great Recession or will they simply stop rising and settle in at their current values. While no one can predict the future, Fed […]

Los Angeles, CA Dwelling Coverage Estimate

It is important to calculate your dwelling coverage for your home in Los Angeles so you know what type of homeowners insurance coverage you need to cover your replacement cost. It is recommended to have enough dwelling coverage to rebuild your home if it was destroyed by a covered peril.

Please remember that replacement cost coverage does not include the cost of the land, only the price to rebuild your home, which is why we like to help customers by answering a few questions that you may have.

What is the average replacement cost coverage in Los Angeles, CA?

- The average square footage in Los Angeles is around 1,371 Sq. Ft. which would cost you around $718,599 to replace the home if you base the home on the price to build per square foot of $524.

Minimum Replacement Cost Total: $718,599

Location: Los Angeles, California (Los Angeles County)

Average Building Cost Per Square Foot in Los Angeles: $524 (low end)

Average Square Footage in Los Angeles: 1,371 Sq. Ft.

Home Improvement Status	Price per Sq. Ft.	Dwelling Coverage
None or Very Minor Improvements	$524	$718,599
Some Additional Upgrades	$655	$898,249
Major Home Updates or Advancements	$786	$1,077,899

Calculate Your Los Angeles, CA Dwelling Coverage

The dwelling coverage is calculated by the average cost per square foot ($524) in Los Angeles, California times your heated square footage. Which would equal the cost to rebuild your home minus the cost of the property or land. Some homes will have a higher replacement cost due to home improvements like updated kitchens and bathrooms. Other upgrades may include: granite countertops, hardwood floors and stainless steel appliances. The national square foot average to build a brand new home is around 2500 square feet. So if you are looking to build, and your square footage of your new home is 2500, you are looking at a dwelling coverage premium of around $1,637,500 (Media price to build of $655 x 2500 sq. ft.) to cover the cost to rebuild your new home.

What is the difference between actual cash value and replacement cost value?

Homeowners insurance is available in both actual cash value (ACV) and replacement cost value (RCV). Knowing the difference is important:

Actual cash value: When valuing your personal possessions, an actual cash value policy will take depreciation into account. This means that your 10-year-old TV will be basically worthless according to your insurance company. While an ACV policy tends to be cheaper, if you have to make a claim you may be disappointed in your claim payout.

Replacement cost value: A RCV policy will replace your possessions with brand new items of similar quality regardless of how old they were at the time they were destroyed. While RCV policies are slightly more expensive, they are well worth the cost if you have to make a claim.