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.
- About the Author
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Autumn Cafiero Giusti is a licensed life and health insurance broker and award-winning journalist with more than 20 years of experience. She writes extensively about flood, Medicare, home, and life insurance for publications like U.S. News and CBS News.
