Updated: November 30, 2024
Advertising & Editorial Disclosure
In Torrance, CA, Allstate is both the overall best and cheapest choice for home insurance. If customer service is your priority, Chubb is best.
Choosing the best inexpensive home insurance depends on what you value, such as costs or how a company helps when you have questions or problems.
Best HomeInsuranceTorrance, CATable of Contents
Why Trust MoneyGeek? Using data from California's Department of Insurance and Quadrant Information Services, we identified the best homeowners insurance in Torrance, ensuring our advice is data-driven and meets industry standards.
Home insurance premiums in Torrance represent the most competitive estimates as of September 2024.
MoneyGeek found that Allstate is the best option in Torrance, CA, for home insurance with $100K dwelling coverage, scoring 83 out of 100.
The scores for home insurance companies in Torrance range from 46 to 85. These figures are based on MoneyGeek's scoring system, and insurers may have different scores depending on your credit history and the age of your home.
| Allstate | 83 | $325 |
| Farmers | 83 | $354 |
| Travelers | 82 | $435 |
| Chubb | 65 | $813 |
| State Farm | 65 | $716 |
| Nationwide | 54 | $862 |
| Capital Insurance Group | 46 | $671 |
MoneyGeek found that Allstate is the best option in Torrance, CA, for $100K dwelling coverage. The two best overall home insurance companies in Torrance for $100K dwelling coverage are:
Allstate stands out as the best home insurance provider because it combines affordability with customer satisfaction.
Torrance, CA, homeowners have a choice among various companies, each offering different costs and service experiences. While affordability is key, other factors — such as customer support and coverage options — are important, especially when filing a claim.
Allstate scores high in affordability and customer satisfaction. Discounts like bundle and responsible payment help save money. Bundling home and auto policies can save up to 25%.
Allstate's cyber event/id theft coverage helps recover lost data and covers legal fees if your identity is stolen. Back-up of sewer or drain coverage protects against water damage from drain issues. These coverages are valuable for homeowners seeking extra protection.
MoneyGeek found that Chubb provides the best customer service in home insurance in Torrance, CA, for $100K dwelling coverage. Here are the top two providers for this coverage:
Chubb is the best because it excels in customer satisfaction, making sure your needs are met consistently. Its coverage options are tailored to support your requirements effectively. Excellent service in home insurance means quick, helpful responses to claims and questions.
Chubb is the best for service quality, with high scores in satisfaction and coverage. You can save with discounts on new homes and home renovations. For example, you get a discount if your home was renovated within the last six years.
Chubb provides useful 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 allows you to receive a payout if you choose not to rebuild after a total loss.
MoneyGeek identified that Allstate is the best cheap home insurance option in Torrance, CA. The top two best cheap insurance providers for $100K dwelling coverage are:
Allstate stands out due to its solid customer satisfaction rate and coverage offerings. Opting for cheap home insurance can save money, but it might not cover everything needed if an accident happens. In situations where cost savings are a focus, exploring the cheapest homeowner insurance companies could be a wise decision.
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.
Allstate is the best cheap company with high scores in affordability and satisfaction. You can save with discounts like responsible payment, which rewards good payment history, and early payment, which saves you money when you sign up early.
It offers comprehensive home insurance with cyber event/ID theft, which helps if your identity is stolen, and back-up of sewer or drain coverages, which covers water damage from broken drains. Yard and garden increases limits for landscaping costs.
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:
Dec 23, 2024
Various factors, including location, influence home insurance prices. Comparing rates is key to finding savings, but it often takes a considerable amount of time. Each company requires at least 15 minutes to review. If you check three or more companies, that could mean over an hour spent. MoneyGeek's home insurance calculator can streamline this process, focusing on the main factors that shape premiums in Torrance. Simply input details like age, dwelling coverage, credit score and deductible to promptly receive a rate estimate.
Allstate stands out in Torrance, CA, as the most cost-effective option for homeowners insurance. The following companies offer the lowest annual premiums in their respective dwelling coverage categories:
Allstate stands out as the cheapest option for Torrance due to its affordability and high MoneyGeek score of 91. Choosing the right amount of dwelling coverage is essential as it significantly affects the insurance premium.
Securing the cheapest homeowners insurance in California can be a smart strategy to handle personal finances better.
| Allstate | $325 |
| Farmers | $354 |
| Travelers | $435 |
| Capital Insurance Group | $671 |
| State Farm | $716 |
| Chubb | $813 |
| Nationwide | $862 |
Allstate offers the cheapest home insurance for high-value homes in Torrance, CA. High dwelling coverage is needed for homes that cost more to replace, and home insurance costs increase when coverage levels rise.
Allstate stands out in Torrance, offering the lowest cost for protecting expensive homes. While cost is essential, the insurer also receives a high rating from MoneyGeek, suggesting that being the least expensive doesn't mean compromising quality.
| Allstate | $1,678 |
| Travelers | $2,259 |
| Capital Insurance Group | $2,814 |
| Farmers | $3,289 |
| State Farm | $3,493 |
| Nationwide | $4,394 |
| Chubb | $4,835 |
Farmers is the most affordable option for new homes requiring $100K in dwelling coverage in Torrance, CA.
Farmers stands out as the least expensive for $100K dwelling coverage because of its affordable rates in Torrance, CA. However, its lower costs do not necessarily make it the best choice. While looking for affordable rates, ensure you are adequately covered.
| Farmers | $168 |
| Travelers | $228 |
| Allstate | $250 |
| Nationwide | $352 |
| State Farm | $358 |
| Capital Insurance Group | $437 |
| Chubb | $653 |
Securing the best cheap homeowners insurance is about finding a provider that delivers excellent customer service and comprehensive coverage at an affordable rate. Providers that achieve this balance offer peace of mind without breaking the bank, ensuring you are well protected from various risks to your home.
To guide you through the process, we outlined key factors to consider when seeking the best and most affordable homeowners insurance for your home.
To determine how much home insurance coverage you need, think about the unique aspects of your home in Torrance, CA, such as rebuilding costs and personal property value.
Look into insurance companies in Torrance, CA. Check for financial stability, customer feedback and history of service quality.
After identifying necessary coverages, compare home insurance quotes. In Torrance, CA, premiums for $100K dwelling coverage range from $325 with Allstate to $671 with Travelers.
Inquire with each insurer about potential discounts, such as those for bundling, safety features or remaining claims-free.
Opting for a higher home insurance deductible can reduce your premium, but ensure it's an amount you can manage if a claim arises.
Enhancing home security with systems and strong locks can lower your home's risk profile and potentially decrease insurance costs.
A good credit score can influence your insurance rates in Torrance, CA. Ensure timely bill payments and minimize debt.
Consider combining your homeowners insurance with other policies like auto insurance to enjoy possible discounts and savings.
The best cheap home insurance provider for you in Torrance ultimately depends on how much coverage you need and how much you can spend. Get answers to some of the most commonly asked questions about the best cheap insurance rates in Torrance, California.
Home insurance in Torrance, California, costs an average of $472 annually.
The cheapest home insurance company in Torrance, California, is Allstate with an annual premium of $325.
The best home insurance in California for Torrance residents is provided by Allstate, 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.
