Bakersfield, CA Homeowners Insurance

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. 

Average Homeowners Insurance Cost in Bakersfield

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 Homeowners Insurance Rates Compared to State and National Averages

Bakersfield Average Home Insurance Cost (annual)California AverageUnited States Average
$620$1,173$1,444

Bakersfield Homeowners Insurance Premiums by Company

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.  

Bakersfield Homeowners Insurance Rates by Companies

CompanyAverage Annual Premium Rate
California Capital$338
Mercury$609
Allstate$702
USAA$743
AmTrust NGH$789
AAA$805

Bakersfield Homeowners Insurance Rates by Coverage Amount 

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 AmountAnnual Home Insurance Cost
$100,000$380
$200,000$635
$300,000$1,030
$400,000$1,221
$500,000$1,827
$750,000 to $1000,000$2,270

Bakersfield Homeowners Insurance Rates by ZIP Codes

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.  

Cost of Homeowners Insurance in Bakersfield by ZIP Codes

NeighborhoodZIP CodeAverage annual homeowners insurance rate
Petalo Dr.93311$436
Glacier Canyon Ct93313$587
Cedar St.93301$733
Kathleen Ave93314$899
Woodrow Ave93308$929
Murdock St93307$1,230

Popular Home Insurance Deductibles in Bakersfield

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. 

Homeowners Insurance Cost in Bakersfield based on Deductible

Deductible LevelAverage Annual Homeowners Insurance Rate
$500$614
$1,000$554
$1,500$523
$2,000$474
$5,000$426

Homeowners Insurance Coverages Available in Bakersfield

A standard homeowners insurance policy in Bakersfield provides the following coverages: 

  • Dwelling Coverage – Provides coverage for any damage to the physical structure of your home. 
  • Attached Structures Coverage – Protects the monetary loss for any structure attached to your home, such as a garage or shed. 
  • Personal Property Coverage – Provides coverage to your home’s content, including clothes, furniture, appliances or equipment, and jewelry. 
  • Personal Liability Coverage – Provides coverage if someone gets injured on your property or if a resident of your home caused the injury. 
  • Medical Expenses Coverage – Covers the medical expenses if someone gets injured at your property. 
  • Additional Living Expense – Covers additional living expenses that might incur while living away from your home during an insurance claim. 

Best Home Insurance Companies in Bakersfield

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

CompanyJ.D. Power RankingA.M. Best RatingBBB Rating
Farmers  3 out of 5 starsA+ (Superior)A+
Travelers 5 out of 5 starA++ (Superior)A+
State Farm 4 out of 5 starsA++ (Superior)A
Allstate 3 out of 5 starsA++ (Superior)A+
Nationwide 3 out of 5 starsA+ (Superior)A+

Top Homeowners Insurance Agents in Bakersfield

Homeowners Insurance Agency Near BakersfieldAddress
Farmers Insurance 4639 Planz Rd, Bakersfield, CA 93309, United States
Praise Insurance Agency1527 19th St # 400, Bakersfield, CA 93301, United States
State Farm Insurance Agent3721 Columbus St, Bakersfield, CA 93306, United States
Fiesta Auto Insurance & Tax Service826 Norris Rd, Bakersfield, CA 93308, United States
State Farm Insurance Agent4903 Calloway Dr #103, Bakersfield, CA 93312, United States
State Farm Insurance Agent200 New Stine Rd STE 132, Bakersfield, CA 93309, United States

Common Causes of Home Insurance claims in Bakersfield

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:

  • Wildfires
  • Earthquakes
  • Water damages caused by appliance failure or plumbing
  • Weather-related damages
  • Theft and burglary

Money-Saving Tips for Bakersfield Homeowners Insurance 

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. 

Auto & Homeowners Insurance Bundling Discounts in Bakersfield

CompanyAvg. Annual Auto Insurance Rate (With Bundle)
GEICO$1,122
Mercury$1,163
Farmers$1,482
Allstate$1,829
State Farm$1,844

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Bakersfield, CA Homeowners Insurance FAQs

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.

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