Burbank, CA Homeowners Insurance

Burbank is the 71st largest city in California, with over 103,700 residents. The city is the home of the famous Warner Bros Studios and Walt Disney Studios, it has all the Hollywood-style glamour anyone could ever need. The city’s median property value is $688,400, triple the national average of $229,700. About 41.8% of Burbank’s 103,700 residents own their own homes. Paying for a home in Burbank is a great investment, but it needs to be protected by good homeowners insurance. 

Homeowners insurance is a must if you live in Burbank, because as fun as California can be, it has a history of wildfires, floods, and other natural disasters. Hence, Burbank homeowners insurance is necessary to protect your property for years to come. Our Burbank homeowners’ insurance professionals have compiled all the information you need to secure the best cheap homeowners insurance. 

Burbank Homeowners Insurance Average Cost 

The average Burbank homeowners insurance cost is $1,383.80, which is considerably higher than the statewide average of $1,173 but still lower than the national average of $1,444. The age of your home, your neighborhood’s crime rate, type of building material, your proximity to law enforcement are all factors that determine how much you end up paying monthly. The table below shows the average homeowners insurance rates in Burbank, California State, and the United States. 

Burbank Homeowners Insurance Rate VS Statewide And National Average

Burbank Annual AverageCalifornia AverageUnited States Average
$1,383.80$ 1,173$1,444

Best Burbank Homeowners Insurance Rates By Company 

Allstate offers the cheapest homeowners insurance rate in Burbank, California, at only $622 per year. Allstate’s rate is less than half the average homeowners’ insurance rate in Burbank. Mercury comes close at $632. All these cheap rates make it easy to get Burbank homeowners insurance. However, while searching for a cheap insurance policy, you must remember that you also want quality insurance with broad coverage. 

Many Burbank homeowners have terrible experiences with their insurance companies for lack of considering the content of their insurance policies beyond the rate. However, this is not to say that you have to break the bank to get good insurance coverage on your home. Check the below table that shows a list of Burbank homeowners insurance companies and their rates from the cheapest to the most expensive. 

Homeowners Insurance Rates In Burbank By Company

CompanyInsurance Rate
Allstate$622
Mercury Ins Group$632
AAA Interinsurance Exchange$623
Pacific Property & Casualty$753
CSE Safeguard$769
Pacific Specialty$800
Travelers$879
First American Specialty$884
California Casualty$889

Burbank Homeowners Insurance Rates Based on ZIP Codes

Homeowners insurance in Burbank comes at different rates for different reasons, and it can vary significantly by neighborhood. Homeowners in safer neighborhoods like E Burbank Blvd get cheaper insurance quotes as low as $653,  while insurance companies may charge as high as $685 in S Kenneth Rd, where there is higher risk. You can compare rates across neighborhoods to stay informed of homeowners insurance trends in the city. We’ve compiled a list of homeowners insurance rates across the most prominent neighborhoods in Burbank. You can further your search with the ZIP codes of these neighborhoods.

Burbank Homeowners Insurance Rates Based on ZIP Codes

NeighborhoodZIP CodeAverage Annual Insurance Rate
E Burbank Blvd91502 $653
Stephen Rd91504$663
Pass Ave91505$670
S Sparks St91506 $673
S Kenneth Rd91501 $685

Burbank Homeowners Insurance Deductibles

One of the first things you should learn about is deductibles. An understanding of deductibles can save you a lot on your Burbank homeowners insurance. A deductible is the amount of money you agree to pay in case of a claim. Deductibles often vary according to the agreement by the insurer and the homeowner. Usually, the higher the deductible you choose, the lower your insurance rates will be. A high deductible can save you money in the long run, as the table below demonstrates.

Burbank Homeowners Insurance Cost Based on Deductible

 Low DeductibleHigh Deductible
Deductible$1,499$3,499
Yearly Burbank, California Homeowner Insurance Rate Example$1,600$780
Total Home Insurance Policy For 5 Years + Pocket Expense For Claim$9,499$7,399
Net Savings To Burbank, California Homeowner From the High Deductible Plan $2,100

Burbank Homeowners Insurance Coverage Types

If you take your time to compare different Burbank homeowners insurance plans you will discover that the insurers usually cover similar accidents. In Burbank, California, the standard homeowners’ insurance offers essential homeowners insurance coverage like protection against burglary, theft, fire, and home accidents. However, they don’t cover all natural disasters, so you must inform your insurer of what to cover specifically. You can get additional coverage for: 

  • Floods
  • Earthquakes
  • Wildfires
  • Storms 

Best Burbank Homeowners Insurance Companies 

There are some popular homeowners insurance companies in Burbank. What makes the best insurance companies popular are factors like service delivery, customer satisfaction, policy coverage, and cost. Save time in researching for the best homeowners insurance in Burbank by trying any of the companies in the table below.

Best Homeowners Insurance Companies in California Based on Rating

CompanyA.M Best RatingJ.D Power ScoreMarket Share 
State FarmA++4/519.55%
AllstateA+3/513.08%
Farmers Insurance A+3/510.39%
Liberty Mutual A3/57.37%

Top Homeowners Insurance Agents in Burbank

Homeowners insurance agents can make everything concerning your Burbank homeowners insurance easier and convenient. Interestingly, some of the popular homeowners’ insurance companies have agents all around that work for them. Below are the names and contact details of the agents of some of the popular Burbank homeowners insurance companies.

Burbank Homeowners Agents And Their Addresses

Company NameAddress
Statefarm17712 Mitchell N92614, CA
GEICO3745 Long Beach Blvd Ste 200-90807, CA
Travelers1601 Sawtelle Blvd Ste 23 90025-3173, CA
Farmers28043 Smyth Dr 91355, CA
Erie2641 Green River Rd 108 92882, CA

Burbank Homeowners Insurance Money-Saving Tips

If you’re securing Burbank homeowners insurance on a budget, here are some tips that can help you cut down on your rate while getting the comprehensive coverage you need: 

  • Set a higher deductible.
  • Search and actively ask companies for discounts. 
  • Choose a homeowners insurance company near you.
  • Compare quotes of different insurance companies.
  • Combine two or more different insurance policies

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Burbank, CA Homeowners Insurance FAQs

Burbank homeowners insurance bundling means adding another insurance policy to your homeowners’ insurance. Most times, bundling has to do with adding auto insurance to your homeowners’ insurance. This is to reduce the bundle policy cost since you are using the same insurer for both policies.

You can get the cheapest Burbank homeowners insurance policy available by choosing a higher deductible amount. You can also upgrade your home appliance, fire, and electrical systems so you can get a reduced insurance rate.

Factors like the location of the insurance company can contribute to why your insurance policy is costly. The distance between your home and the nearest police station and fire station and your home’s general physical condition are factors the insurer will consider. 

Homeowners insurance in Burbank, California, is the system of protecting your home against situations like theft, fire outbreak, plumbing accidents, and other home incidents that may cost you a fortune to repair. The essence of homeowners insurance is to transfer the financial burden to the insurer whenever an insured loss occurs.

Setting your deductibles is up to you. It would be best to set the deductible before finalizing your Burbank homeowners’ insurance policy with the insurer. Consider the amount you can part with to settling a loss or repair damage and set your deductible at that rate. You can also change your deductible while the policy is active. 

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