In Downey, California, Allstate is the best overall and the top choice for cheap home insurance. If customer service is key, Chubb stands out. Each company fits different needs, so pick based on your priorities. Factors like cost, customer service and coverage options can help you choose the right home insurance for you.
Best and Cheapest Home Insurance in Downey, CA (2024)
Updated: November 29, 2024
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Best HomeInsuranceDowney, CATable of Contents
Best Overall - Auto-Owners Insurance
Best for Service - Erie
Best Cheap - Auto-Owners Insurance
Cheapest Overall - Allstate
Cheapest for High-Value Homes - Allstate
Cheapest for New Homes - Farmers
Why Trust MoneyGeek? Our analysis uses information from California's Department of Insurance and Quadrant Information Services to find the best homeowners insurance in Downey.
Home insurance premiums in Downey exhibit the most competitive rates as of September 2024.
2,730,240Quotes Analyzed
8Companies Compared
Overview: Best Home Insurance Companies in Downey, CA
Travelers is the best option for home insurance in Downey, California, with a MoneyGeek score of 85 out of 100 for $100K dwelling coverage. The scores for home insurance companies in Downey, California, range from 49 to 85. These figures reflect MoneyGeek's scoring system, which may vary for different insurers based on factors like credit history and the age of your home.
Data filtered by:Results filtered by:
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Category:Best Overall
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Coverages:1 - $100K Dwelling
| Travelers | 83 | $485 |
| Allstate | 83 | $297 |
| Farmers | 81 | $400 |
| State Farm | 75 | $731 |
| Nationwide | 66 | $931 |
| Chubb | 62 | $1,246 |
| Capital Insurance Group | 49 | $834 |
Overall Best Home Insurance in Downey, CA
Allstate is the best option in Downey, California, for 100K dwelling coverage. The two best overall home insurance companies in Downey for $100K dwelling coverage are:
- Allstate: MoneyGeek score of 83 out of 100 ($297 per year)
- Travelers: MoneyGeek score of 83 out of 100 ($485 per year)
Allstate stands out as the best home insurance provider because it excels in affordability and customer satisfaction. In Downey, California, there are various companies with different cost and service experiences. While cost is a crucial factor, it's also important to consider customer service, which becomes vital when making claims.
Best OverallAllstate
MoneyGeek Score:
83/ of 100
Overview
Allstate scores high on affordability and satisfaction, making it a top choice for home insurance. It offers comprehensive coverage with options like cyber event/ID theft and back-up of sewer or drain. You can save with discounts like bundle and responsible payment. Bundling home and auto policies can save you up to 25%.
Allstate provides useful coverages for homeowners. Cyber event/ID theft helps if your identity is stolen. Back-up of sewer or drain covers water damage from drains or sump pumps. Home business property increases limits for business items at home. These coverages add value and protection for your home.
Best Home Insurance for Customer Service in Downey, CA
Chubb is the best option in Downey, California for $100K dwelling coverage. This means Chubb leads the pack with top-notch customer service and coverage options. Here are the top two providers:
- Chubb: MoneyGeek score of 96 out of 100 ($1,246 per year)
- Nationwide: MoneyGeek score of 81 out of 100 ($931 per year)
Chubb earns its top spot through exceptional customer satisfaction and good coverage scores. These factors contribute to its outstanding MoneyGeek score. Excellent service in home insurance means customers get prompt help when they need it.
Best for Service QualityChubb
MoneyGeek Score:
96/ of 100
Overview
Chubb is the best for service quality, thanks to its high customer satisfaction and coverage scores. It offers comprehensive home insurance coverage, including guaranteed replacement cost and cash settlement. Chubb also provides discounts like new home and home renovation, helping you save money. You can qualify for these by having a new or recently renovated home.
Chubb offers valuable coverages like guaranteed replacement cost, which helps rebuild your home even if costs exceed your policy limit. Building ordinance or law coverage pays for updates to meet current codes. Cash settlement lets you choose not to rebuild and receive a cash payout instead. These coverages provide great protection for homeowners.
Best Cheap Home Insurance in Downey, CA
Allstate is the best cheap home insurance option in Downey, California. The top two best cheap insurance providers for $100K dwelling coverage are:
- Allstate: MoneyGeek score of 91 out of 100 ($297 per year)
- Farmers: MoneyGeek score of 85 out of 100 ($400 per year)
Allstate stands out due to excellent customer satisfaction and a solid coverage score, highlighting its value beyond just price. Opting for cheap home insurance like this can save money, but it may not cover everything if an accident occurs. In instances where saving on premiums is a priority, considering the cheapest homeowner insurance companies may be beneficial.
What sets the best cheap home insurance apart from the cheapest is its value for money, balancing cost with the coverage that meets a homeowner's needs without being expensive.
Best CheapAllstate
MoneyGeek Score:
91/ of 100
Overview
Allstate is the best cheap company with a high MoneyGeek score due to its affordability and satisfaction. It offers comprehensive home insurance coverage, including cyber event/ID theft and back-up of sewer or drain. You can save with discounts like responsible payment, which rewards timely payments. Allstate's coverages like home business property are useful for protecting business items at home.
Estimate Your Downey Home Insurance Costs Online
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Dec 24, 2024
Many factors, such as location, affect homeowners insurance in Downey. Comparing rates is the best way to save, but it takes time—around 15 minutes per company. Checking with three or more can mean over an hour of research. MoneyGeek's home insurance calculator helps save instantly by focusing on key factors. Enter age, coverage, credit score, deductible and more for an estimate.
Cheapest Home Insurance in Downey, CA
Allstate is the best option in Downey, California. A crucial factor affecting home insurance premiums is the dwelling coverage you select. Here is a list of the cheapest overall providers:
- For 100K Dwelling Coverage: Allstate: $297 per year
- For 250K Dwelling Coverage: Allstate: $558 per year
- For 500K Dwelling Coverage: Allstate: $989 per year
Allstate offers the most affordable home insurance in Downey, California, due to its low annual premium and excellent MoneyGeek score of 91. Purchasing the cheapest homeowners insurance in California can help you manage your finances efficiently by reducing your yearly expenses.
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Coverages:$100K Dwelling
| Allstate | $297 |
| Farmers | $400 |
| Travelers | $485 |
| State Farm | $731 |
| Capital Insurance Group | $834 |
| Nationwide | $931 |
| Chubb | $1,246 |
Cheapest Home Insurance for High-Value Homes in Downey, CA
Allstate offers the cheapest home insurance for high-value homes in Downey, California. High dwelling coverage is critical for costly homes as
- Cheapest for $750K Dwelling Coverage: Allstate: $1,440 per year
- Cheapest for $1M Dwelling Coverage: Allstate: $1,903 per year
Allstate is the most affordable choice for homeowners in Downey, California. According to MoneyGeek, it ranks top in both price and customer satisfaction, making it a strong option despite other offerings in the area.
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Coverages:1 - 750K dwelling
| Allstate | $1,440 |
| Travelers | $2,502 |
| Capital Insurance Group | $3,493 |
| State Farm | $3,564 |
| Farmers | $4,764 |
| Nationwide | $4,770 |
| Chubb | $7,816 |
Cheapest Home Insurance for New Homes in Downey, CA
Farmers offers the lowest annual premium for homeowners insurance on new homes in Downey, California.
- Cheapest for $100K Dwelling Coverage: Farmers: $190 per year
- Cheapest for $250K Dwelling Coverage: Allstate: $401 per year
- Cheapest for $500K Dwelling Coverage: Travelers: $664 per year
Farmers stands out for its affordability, making it the cheapest option based on cost alone. Despite this, it may not be the best overall choice compared to others with higher ratings.
Data filtered by:Results filtered by:
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Coverages:1 - $100K Dwelling
| Farmers | $190 |
| Allstate | $237 |
| Travelers | $255 |
| State Farm | $365 |
| Nationwide | $377 |
| Capital Insurance Group | $541 |
| Chubb | $982 |
How to Find the Best Home Insurance for You in Downey, CA
The best cheap homeowners insurance providers balance quality and cost by offering great customer service and coverage with affordable premiums.
The best cheap homeowners insurance in Downey depends on your needs, so consider factors beyond premiums. Important factors include location, coverage needs and insurer reputation. Follow these steps to get best cheap home insurance:
- 1
Evaluate Your Insurance Needs
To determine how much home insurance coverage you need, consider specifics of your home in Downey, California, like rebuilding costs and liability needs.
- 2
Compare Different Providers
Research insurance companies in Downey. Look for those with strong financial stability and good customer reviews.
- 3
Compare Coverage and Costs
Once you know what coverages you need, compare home insurance quotes. In Downey, California, premiums for $100K dwelling coverage range from $297 to $931 annually.
- 4
Ask About Discounts
Inquire with each provider about available discounts, such as those for bundling policies or installing safety features.
- 5
Increase Your Deductible
Choosing a higher home insurance deductible can lower your premium, but ensure it's an amount you can afford in case of a claim.
- 6
Improve Home Security
Installing security systems and robust locks can lower the risk profile of your home and potentially reduce insurance costs.
- 7
Maintain Good Credit
Keep a good credit score as it can affect your insurance rates in Downey, California. Paying bills on time and reducing debt helps.
- 8
Bundle Policies
Consider bundling your homeowners insurance with other policies like auto insurance to achieve potential savings.
FAQ: Best Cheap Home Insurance in Downey, CA
The best cheap home insurance provider for you in Downey depends on your coverage needs and budget. Get answers to common questions about the best cheap insurance rates in Downey, California.
How much is home insurance in Downey, California, on average?
The average home insurance cost in Downey, California, is $561.
What is the cheapest home insurance company in Downey, California?
The cheapest home insurance company in Downey, California, is Allstate with an annual premium of $297.
What is the best home insurance company in Downey, California?
The best home insurance in California for Downey residents is provided by Travelers, 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 Head of Insurance. 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 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.