Bakersfield is one of the biggest cities in California and the leading oil-producing hub in the nation. The city is famous for its agriculture and energy production. Bakersfield is home to energy-producing industries, including natural gas and other energy extraction, mining, petroleum refining, and distribution.
The Bakersfield sound music genre originated in this city. Bakersfield is proud to be ranked as one of the best places to raise your family. It is a gateway to exciting outdoor activities, such as forest trails, live music performances, museums, and unique dining. Bakersfield offers a great community with amazing habitable regions. It is the perfect place if you want an urban life with a serene environment surrounded by mountains and beaches.
As of 2021, the city has a total population of 372,680 and 117,050 housing units, with a homeownership rate of 59%. The median home value in Bakersfield is $242,799. The cost of living in the city is 5% higher than the U.S. average, but the housing cost is relatively lower than California’s other cities. Whether you are currently living in the city or are planning to purchase a house, it is always a good idea to purchase a Bakersfield homeowners insurance policy. A standard homeowners insurance policy protects your home from any unforeseen financial setbacks. Although it is not legally required to purchase homeowners insurance, it’s wise to get one anyway.
If you are looking to buy homeowners insurance in Bakersfield, try our Home Insurance Quote Comparison Tool and get free homeowners insurance quotes from top-rated insurance companies.
Finding an affordable homeowners insurance policy can be a daunting task. When you start looking for homeowners insurance, compare rates from the best-rated companies in your area to ensure you get the best rates.
In Bakersfield, the average homeowner insurance rate is $620, which is significantly lower than the national and state averages.
|Bakersfield Average Home Insurance Cost (annual)||California Average||United States Average|
In Bakersfield, all the insurance companies use different methods and variables to calculate your homeowners insurance premium. When you are looking for affordable rates, you will notice huge fluctuations between different companies’ rates.
California Capital offers the most affordable Bakersfield homeowners insurance, valued at just $338 per year. Take a look and see the rates offered by various insurance companies in Bakersfield.
|Company||Average Annual Premium Rate|
The dwelling coverage level has a direct effect on your homeowners insurance premium. The dwelling coverage amount is used to replace or repair your property if it gets damaged due to any covered perils. Look at the table below to see the fluctuation in Bakersfield homeowner insurance rates based on coverage limits.
Homeowners Insurance Rates in Bakersfield by Coverage Limits
|Dwelling Coverage Amount||Annual Home Insurance Cost|
|$750,000 to $1000,000||$2,270|
Your homeowners insurance may fluctuate from one ZIP code to another. Bakersfield homeowners insurance companies use many variables to calculate your annual insurance premium. Your property’s location is one of the most significant factors that can drastically change homeowner insurance costs.
If you want your homeowners insurance premium to be low in Bakersfield, you can buy a house on ZIP code 93311. The residents only pay $436 for their homeowners insurance per year.
In the following table below, we have listed the homeowners insurance rates based on different ZIP codes.
|Neighborhood||ZIP Code||Average annual homeowners insurance rate|
|Glacier Canyon Ct||93313||$587|
A deductible is a dollar amount that a homeowner agrees to pay out of his own pocket before filing an insurance claim. When you buy a homeowners insurance policy, you will be asked to choose a deductible amount. The deductible can either be high or low and has a direct effect on your insurance premium. For instance, if you chose a high deductible, your homeowners insurance premium will be lower.
Have a peek at the table below and see how deductible can change your homeowners insurance premium.
|Deductible Level||Average Annual Homeowners Insurance Rate|
A standard homeowners insurance policy in Bakersfield provides the following coverages:
All the insurance companies offer competitive premium rates to allure homeowners. The majority of homeowners simply pay attention to the homeowners’ price and ignore the other factors. When you buy homeowners insurance, you must pay attention to the company’s financial background, claim process, and customer service.
To make your research easier, we have listed the best Bakersfield homeowners companies based on J.D. Power Rankings, AM Best Ratings, and BBB Ratings.
Best Cheap Homeowners Insurance Company in Bakersfield
|Company||J.D. Power Ranking||A.M. Best Rating||BBB Rating|
|Farmers||3 out of 5 stars||A+ (Superior)||A+|
|Travelers||5 out of 5 star||A++ (Superior)||A+|
|State Farm||4 out of 5 stars||A++ (Superior)||A|
|Allstate||3 out of 5 stars||A++ (Superior)||A+|
|Nationwide||3 out of 5 stars||A+ (Superior)||A+|
|Homeowners Insurance Agency Near Bakersfield||Address|
|Farmers Insurance||4639 Planz Rd, Bakersfield, CA 93309, United States|
|Praise Insurance Agency||1527 19th St # 400, Bakersfield, CA 93301, United States|
|State Farm Insurance Agent||3721 Columbus St, Bakersfield, CA 93306, United States|
|Fiesta Auto Insurance & Tax Service||826 Norris Rd, Bakersfield, CA 93308, United States|
|State Farm Insurance Agent||4903 Calloway Dr #103, Bakersfield, CA 93312, United States|
|State Farm Insurance Agent||200 New Stine Rd STE 132, Bakersfield, CA 93309, United States|
The most common reason for homeowners insurance claims in Bakersfield is wildfires. A standard homeowners insurance policy covers your property for damages caused by fire and smoke. Still, as Bakersfield is located in a high-risk zone for wildfires, the residents might find it difficult to get coverage.
Here are the top causes of homeowners insurance claims in Bakersfield:
Homeowners insurance keeps your property protected, but it can be very expensive. Insurance companies offer many discounts for several factors. The best way to reduce your Bakersfield homeowners insurance premium is bundling. By bundling your auto and home insurance, you can save up to 25% on your premium.
Take a look at the following table to see how bundling your home and auto insurance affects your insurance premiums.
|Company||Avg. Annual Auto Insurance Rate (With Bundle)|
Yes, and that will help you save greatly on your premium. If you are buying multiple products like life insurance, house insurance, and car insurance, you can take them all under one policy. You need to engage your insurance agent to know how much you can save or what products you can bundle up.
There are different coverages available in Bakersfield, from basic to comprehensive, Special form, and even mobile homeowners insurance. The type of home you own dictates the type of insurance you can buy and the coverage.
Yes, you can buy business insurance from various insurance brokers in Bakersfield. Each company has unique policies that include different coverages. However, most will have basic coverage, such as workers’ compensation and unemployment insurance.
If you own a home or rent one, you qualify for homeowners insurance. However, the coverage is different for tenants and homeowners.
In Bakersfield, Farmers offers the cheapest bundle insurance. Bundling your auto and homeowners insurance is the best way to reduce your homeowner insurance premium cost. When you bundle your policies with Farmers, you might qualify to get a 22% discount on your insurance premiums.