Home Insurance in San Francisco, California: Complete Guide
San Francisco, a bustling city known for its iconic landmarks and steep hills, is also located near fault lines, making home insurance essential. Here’s a detailed overview of the costs and factors affecting home insurance in San Francisco.
National vs. San Francisco Home Insurance Costs
The national average cost for home insurance is $1,400 per year, while San Francisco homeowners pay around $1,650 per year due to the city’s high earthquake risk.
Home Insurance Rates by Home Age in San Francisco
Home Age
Average Annual Premium
0-10 years
$1,600
10-20 years
$1,650
20-30 years
$1,700
30+ years
$1,800
Home Insurance Rates by Credit Tier in San Francisco
Excellent Credit (750+): $1,500/year
Good Credit (700-749): $1,600/year
Fair Credit (650-699): $1,700/year
Poor Credit (Below 650): $1,900/year
Cheapest Home Insurance Providers in San Francisco
Here are the most affordable home insurance providers in San Francisco:
State Farm: $1,600/year
Farmers Insurance: $1,620/year
Liberty Mutual: $1,640/year
Allstate: $1,660/year
Progressive: $1,680/year
Home Insurance Rates by Deductible in San Francisco
$500 Deductible: $1,800/year
$1,000 Deductible: $1,650/year
$2,000 Deductible: $1,500/year
$5,000 Deductible: $1,350/year
Types of Homeowners Insurance in San Francisco
HO-3 (Special Form): The most common form of coverage, protecting your home and personal belongings.
HO-4 (Renters Insurance): Provides coverage for renters’ personal property and liability.
HO-6 (Condo Insurance): Ideal for condo owners.
HO-5 (Comprehensive Form): Best for high-value homes, offering broader coverage.
Earthquake Insurance: Essential for homes in the San Francisco area.
Flood Insurance: Recommended for homes located in flood-prone areas.
Comparing San Francisco to Other California Cities
Los Angeles: In comparison, Los Angeles home insurance costs $1,600/year. Learn more about Los Angeles.
San Diego: Homeowners in San Diego pay around $1,400/year for home insurance.
San Jose: San Jose homeowners pay approximately $1,550/year, making it slightly cheaper than San Francisco.