The Best Cheap Homeowners Insurance in Sacramento, California for 2024: Quotes and Reviews

When shopping for home insurance in Sacramento, cost is a major factor to consider as many companies offer the same core coverages.

On average, the cheapest home insurance options in Sacramento with the baseline dwelling coverage of $500,000 are:

• Allstate: $1,234 per year
• ASI: $1,264 per year

For more expensive homes, the prices can change as you’ll need to adjust your dwelling coverage. The cheapest home insurance companies in Sacramento with $2,000,000 in dwelling coverage are, on average:

• ASI: $3,549 per year
• AAA: $4,285 per year

All homeowners insurance policies that have the dwelling coverage amount of $500,000 have a personal property limit of $200,000, and policies with $2 million dwelling coverage have a personal property limit of $800,000. Note that all home insurance policies have $100,000 in liability coverage.

You can check other options for homeowners insurance in California based on MoneyGeek’s study if you live elsewhere in the state.

The average cost of home insurance differs from state to state. In the city of Sacramento, the average cost of home insurance is $1,864, which is $138 less than the state average of California at $2,002. Sacramento residents also pay $239 less compared to the rest of the nation, where the national average is $2,103.

When determining costs for home insurance prices, location is one major factor that is considered. But, other factors evaluated include how much dwelling and personal property coverage you buy, your credit score and other factors. In case you want to examine home insurance rates in your state, you can compare quotes with MoneyGeek’s home insurance calculator.

It is common that cost is a factor to consider when choosing home insurance. But, there are other factors you have to consider as well, such as the insurance company’s customer service reviews, their response time and their financial stability. In the event that you file a claim, you want to be sure that it’s processed timely and fairly, especially during a stressful time.

Based on MoneyGeek’s findings, the best homeowners insurance companies in Sacramento are:

• Best Overall: USAA (only for military families)
• Runner-up: Allstate

MoneyGeek ranked home insurance companies in the state based on affordability, user satisfaction and financial stability.

In Sacramento, residents with newly constructed homes may find it easier to find cheaper homeowners insurance policies. This is because houses that are constructed with modern materials are sturdier and hazard-resistant, so homeowners are less likely to file a claim. Additionally, newer materials are easier for insurers to replace.

Homes that are recently built in Sacramento cost an average of $1,428 per year to be insured, compared to an average of $1,864 per year for homes built in 2000. This is cheaper by $436.

On average, MoneyGeek found that the following insurance companies offer the cheapest insurance for newly constructed homes:

• ASI: $788 per year
• Travelers: $913 per year

Home insurance policies come with personal property coverage, which is what pays for your personal items in case of damage. If you have high-value items and want them covered, you may opt to get higher personal property limits, but note that this can cost more.

Having $250,000 in personal property limits costs an average of $2,127 in Sacramento, which is $263 more than policies with $100,000 in limits.

For those who want higher personal property limits, MoneyGeek found that, on average, these insurers offer the best and most affordable options:

• Allstate: $1,283 per year
• ASI: $1,372 per year

A big factor that can affect the cost of home insurance is the deductible. This is the out-of-pocket payment that you have to pay when making a claim. The higher it is, the lower the monthly premium.

In Sacramento, policies with a deductible of $2,000 cost an average of $1,595 per year to insure, which is $269 less than what those with a $1,000 deductible pay.

For those who desire a higher deductible to have lower monthly premiums, MoneyGeek’s study found that, on average, these companies offer the most affordable options:

• Travelers: $1,094 per year
• ASI: $1,142 per year

In the state of California, insurance companies are not allowed to factor your credit score into your insurance premiums. This means that even if you have poor credit, your premiums won’t increase, which isn’t the case for other states aside from California, Hawaii and Massachusetts.

In order to effectively gather home insurance quotes online, homeowners should have the following information ready:

• The replacement cost of your home: To determine the appropriate dwelling coverage for your home, you must provide an estimate of how much it costs to rebuild your home. You can consult professional building contractors as well as construction professionals for a rough estimate.
• The value of your personal property: You must state the value of your personal property in order for the insurer to determine how much personal property coverage you need.
• Personal information: Prepare personal information such as your birthdate, address and even Social Security number. You’ll also be asked for your past insurance history and who lives in your home.
• Information about your house: Insurers will also ask for specific details on your house, such as when it was built, its size, any security or other systems installed and more.

MoneyGeek gathered rates and data from 13 different home insurance companies in Sacramento. All the rates were generated using a base profile of a homeowner in Sacramento that has a 2,500 square foot home built in 2000 with dwelling coverage of $500,000, a personal property limit of $200,000 and a liability limit of $100,000. All the policies included a $1,000 deductible.

There are also quotes that were included to cater to homeowners that differ from our base profile, such as those individuals with newly constructed homes, increased dwelling or personal property coverage limits, poor credit scores and higher deductibles.

The data gathering done by MoneyGeek was done in partnership with Quadrant and various quotes and rates were collected in order to calculate affordability scores. As for the customer satisfaction ratings, these were collected from J.D Power survey results.