Updated: January 15, 2025
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Allstate offers the best overall and cheapest home insurance in Bakersfield, California. For excellent customer service, Chubb is a strong choice.
Your decision should reflect your priorities, such as affordability, customer service or coverage options.
Based on the provided information, here's a breakdown of the cheapest home insurance providers in Bakersfield for dwelling coverage of $250,000 and $2,000,000, along with their respective annual premiums:
For $250,000 in Dwelling Coverage
- ASI: $861 per year
- **Travelers: $**1,055 per year
Most Affordable Option: ASI at $861 per year
For $2,000,000 in Dwelling Coverage
- **ASI: $3,**910 per year
- **Allstate: $5,**054 per year
Most Affordable Option: ASI at $3,910 per year
In both categories, ASI offers the most affordable home insurance options for owners in Bakersfield, making it a budget-friendly choice for those seeking either basic or extensive dwelling coverage.
Based on the given information, the best homeowners insurance provider in Bakersfield, considering affordability, financial stability, and unique coverage features, is Allstate.
Affordability:
Allstate offers competitive rates across different scenarios. For a standard dwelling coverage of $500,000 with a deductible of $1,000, their annual premium is $1,237, which is one of the most affordable in Bakersfield. Even when personal property coverage is increased to $250,000, Allstate maintains competitive pricing at $1,287 per year. With a higher deductible of $2,000, the premium drops to $1,163 annually, highlighting their affordability across different levels of coverage and deductibles.
Financial Stability:
Allstate is a well-established insurance provider with strong financial stability, which ensures that they can reliably pay out claims. Financial stability is crucial for homeowners who need assurance that their legitimate claims will be handled and compensated efficiently.
Unique Coverage Features:
While specific unique coverage options were not detailed in the provided information, Allstate is known for offering a range of customizable options and discounts, which can enhance its appeal to different types of homeowners. Their policies typically include standard protections, with various add-ons allowing homeowners to tailor their coverage to specific needs and risks unique to their situations.
Customer Satisfaction:
As the runner-up in MoneyGeek’s study and one of the best overall rated for customer service and satisfaction, Allstate is noted for its reliable customer support. This ensures homeowners can trust their provider to handle claims swiftly and objectively, an essential factor during stressful situations.
Overall, Allstate ranks highest in Bakersfield due to its blend of affordability, financial reliability, and a solid reputation for customer satisfaction. These elements make it an excellent choice for many homeowners seeking dependable insurance coverage.
In Bakersfield, California, insurance providers do not take credit scores into account when calculating home insurance premiums due to state regulations. Therefore, there isn't a specific insurance company in Bakersfield that offers the cheapest rates based on credit scores for homeowners with poor credit.
However, for general affordability, Allstate offers the cheapest home insurance for a standard policy with $500,000 in dwelling coverage at $1,237 annually. For different coverage levels, ASI becomes the cheaper option, providing coverage for more premium homes at $3,910 per year for $2,000,000 in dwelling coverage.
Credit scores generally influence home insurance rates in most states because insurers consider them as indicators of the likelihood of a claim being made. Lower credit scores are often associated with higher risks, leading insurers to charge higher premiums to protect against the potential of frequent claims. In California, this practice is not permitted, allowing all homeowners the ability to access insurance rates without credit score consideration.
Why Trust MoneyGeek? We used data from California's Department of Insurance and Quadrant Information Services to find the best homeowners insurance in Bakersfield.
Home insurance premiums in Bakersfield represent the most competitive rates as of September 2024.
Allstate is Bakersfield, CA's best option for home insurance with $100K dwelling coverage, with a MoneyGeek score of 83 out of 100.
The scores for home insurance companies in Bakersfield range from 45 to 83, reflecting differences based on factors like credit history and home age.
| Allstate | 83 | $348 |
| Chubb | 77 | $591 |
| Farmers | 73 | $480 |
| Travelers | 68 | $582 |
| State Farm | 61 | $684 |
| Nationwide | 54 | $749 |
| Capital Insurance Group | 45 | $622 |
Allstate offers the best home insurance for 100K dwelling coverage in Bakersfield, CA. It stands out for its affordability and strong customer satisfaction, which are key factors in its high score. The overall top providers are:
While cost is important, consider customer service and claims handling, as these are crucial when you need support.
Allstate is a top choice for home insurance, offering affordability, strong customer satisfaction and comprehensive coverage. Key coverages include cyber event/ID theft, which helps recover stolen data, and backup of sewer or drain, which covers water damage from drainage issues. Home rental coverage protects belongings when renting out your home. Other add-ons include home business property and energy efficiency upgrade coverages.
Discounts, such as responsible payment for a good payment history and continuously insured for switching to Allstate, help reduce costs.
Chubb provides the best customer service in home insurance for $100K dwelling coverage in Bakersfield, CA. The top providers in this category are:
Chubb stands out for its superb customer satisfaction, delivering attentive service for a smooth experience. Excellent home insurance service means responding to customer needs with efficient and helpful support.
Chubb leads in service quality with high customer satisfaction and coverage scores. It offers comprehensive home insurance, including guaranteed replacement cost coverage, ensuring your home is rebuilt even if expenses exceed policy limits. Building ordinance or law coverage pays for upgrades to meet current codes after a loss. Cash settlement coverage lets you opt for a payout instead of rebuilding.
Discounts, such as new home (for properties 10 years old or less) and home renovation, help lower costs.
Allstate is the best cheap home insurance option for $100K dwelling coverage in Bakersfield, CA. It stands out for its high affordability and customer satisfaction scores. The top budget-friendly providers for this coverage amount are:
If saving on premiums is a priority, consider the cheapest homeowner insurance companies. However, more affordable home insurance often means lower coverage, which may save money but not fully cover an accident. The best cheap insurance combines affordability with quality service, beyond just offering the lowest price.
Allstate scores high for affordability and customer satisfaction, making it a strong choice for home insurance. It offers add-ons like cyber event/ID theft and backup of sewer or drain for comprehensive coverage. Allstate’s coverage also includes home business property, energy efficiency upgrade, and yard and garden, boosting protection for your home and belongings.
You can save with discounts such as for bundling policies (up to 25% for bundling home and auto policies) and making timely payments.
MoneyGeek’s home insurance calculator will give you a ballpark estimate of your cost — it’s free, no personal information required, no spam.
Rates updated:
Jan 22, 2025
Several factors, such as location, affect homeowners insurance costs in Bakersfield. While comparing rates can save money, comparing multiple options can take up to 15 minutes per company and over an hour. Use MoneyGeek's home insurance calculator to save time. Enter details like age, dwelling coverage, credit score, deductible, liability coverage and a few other factors for a quick estimate.
Allstate is the most affordable home insurance option in Bakersfield, CA. Here are the cheapest overall providers:
A critical factor that drives premiums is the dwelling coverage you choose. Allstate earns the highest MoneyGeek scores for $100K, $250K and $500K coverages, making it the cheapest overall.
Getting the most affordable homeowners insurance in California can help manage your finances by lowering yearly expenses while securing your property.
| Allstate | $348 |
| Farmers | $480 |
| Travelers | $582 |
| Chubb | $591 |
| Capital Insurance Group | $622 |
| State Farm | $684 |
| Nationwide | $749 |
Allstate is the cheapest option for high-value homes in Bakersfield, CA, with an average annual premium of $1,725 for $750K dwelling coverage. High dwelling coverage is necessary for properties that cost more to replace, and home insurance costs vary based on several factors.
Allstate stands out in Bakersfield for its affordability. However, the low price may not always mean it's the best, as coverage quality and customer service also play a crucial role.
| Allstate | $1,725 |
| Capital Insurance Group | $2,610 |
| Travelers | $2,838 |
| Chubb | $3,326 |
| State Farm | $3,328 |
| Nationwide | $3,819 |
| Farmers | $4,997 |
In Bakersfield, CA, Farmers is the cheapest option for new homes requiring $100K in dwelling coverage.
While Farmers offers the cheapest annual rates, it may not be the best choice overall. Be sure to get adequate coverage.
| Farmers | $228 |
| Allstate | $268 |
| Nationwide | $307 |
| Travelers | $318 |
| State Farm | $342 |
| Capital Insurance Group | $405 |
| Chubb | $484 |
The best cheap homeowners insurance depends on your needs. Consider factors like coverage limits, deductibles and customer reviews. Follow these steps to get the best affordable home insurance:
Determine how much home insurance coverage you need by considering rebuilding costs, personal property value and liability requirements.
Look into insurance companies in Bakersfield, CA. Prioritize those with sound financial health, positive customer feedback and a solid service record.
After identifying necessary coverages, compare home insurance quotes. In Bakersfield, CA, average annual premiums for $100K dwelling coverage range from $348 with Allstate to $749 with Nationwide.
Inquire about discounts with each insurer, such as for bundling policies, having safety installations or maintaining a claims-free record.
Opting for a higher home insurance deductible can reduce your premium. Ensure it's an amount you can afford to pay if needed.
Enhancing home security with systems and sturdy locks can lower your home's risk profile and potentially decrease insurance costs.
A good credit score can influence your insurance rates. Improve your score by paying bills promptly and lowering outstanding debt.
Consider bundling your homeowners insurance with other policies, like auto insurance, to save significantly.
The best cheap home insurance provider for you ultimately depends on how much coverage you need and how much you can spend. Get answers to some common questions about the best cheap insurance rates in Bakersfield, CA.
The average cost of home insurance in Bakersfield, California, is $456.
The cheapest home insurance company in Bakersfield, California, is Allstate, with an average annual premium of $348.
Allstate has the best home insurance in California for Bakersfield residents, with a MoneyGeek score of 83 out of 100.
About Mark Fitzpatrick
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's resident Personal Finance Expert. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a 5-time Jeopardy champion!
He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.
