Costa Mesa, CA Homeowners Insurance

Costa Mesa with a population of 113,159 people, is the 57th-largest city in California. Over 39,000 homes shelter the vast population, with a median housing cost of $807,000 –  more than three times the national average. The city hosts the annual Orange County Fair in its fairgrounds, where it receives over a million visitors every year. Other important places in Costa Mesa include the Pacific Amphitheater, South Coast Repertory Theater, and the Segerstrom Center for the Arts. 

The homeownership rate in Costa Mesa is 39.1%, which is much lower than the national average of 63.9%. If you’re looking to buy a home in Costa Mesa, you should have a quality homeowners insurance policy to protect your building and the properties within it. Good homeowners insurance can protect you from damage that may arise from theft, vandalism, burglary, and natural catastrophe on your property. 

If you’re looking for the best homeowners insurance in Costa Mesa, this is the right place to be. This guide provides all the information you need regarding  Costa Mesa homeowners insurance.

Costa Mesa Homeowners Insurance Average Cost

Homeowners insurance in Costa Mesa is among the cheapest you’d find in the state of California. The average Costa Mesa homeowners insurance costs $1,427. Costa Mesa’s average homeowners insurance rate is higher than the statewide average of $1,173 but almost the same as the national average of $1,444. The home value, age, ZIP location, and deductible all play a role in the eventual insurance cost for your home. Below is a table of the average Costa Mesa homeowners insurance rate compared with the state and national averages.

 

Average Homeowners Insurance Rate in Costa Mesa vs. Statewide and National Average

Costa Mesa Annual AverageCalifornia AverageUnited States Average
$1,427$ 1,173$1,444

Costa Mesa Homeowners Insurance Rates by Company


Tokio Marine America sells the cheapest homeowners insurance in Costa Mesa at $312  per year. With an average homeowners insurance rate of $1,427 across the state, Tokio Marine America’s offer is incredibly cheap and targeted at homeowners on a budget. Costa Mesa homeowners insurance is relatively affordable, with many options to choose from in terms of insurance companies. However, getting a cheap insurance policy is one thing; getting reliable coverage is another. Although you don’t have to spend a fortune, you should ensure that your coverage is right for your situation. 

Below is a list of the top companies that provide affordable Costa Mesa homeowners insurance. We’ve ranked the providers from cheapest to most expensive. 

Homeowners Insurance Rates In Costa Mesa by Company

CompanyInsurance Rate
Tokio Marine America$312
AAA (Interinsurance Exchange)$340
Horance Mann P & C$460
Integon/National$699
Stillwater Prop & Cas Co$786.20
Travelers$866
First American Insurance$896
Unigard Group$991
American Modern$1712

Costa Mesa Homeowners Insurance Rates by Neighborhood

One of the deciding factors of homeowners insurance cost around Costa Mesa is your neighborhood. The insurance cost varies for different neighborhoods due to the varying levels of safety and number of insurance claims in these neighborhoods. For example, an area with multiple insurance claims is likely to have higher rates than one with fewer filed claims. Warren Lane is the cheapest neighborhood to buy homeowners insurance in Costa Mesa. If you’re yet to move to Costa Mesa, this information can save you a substantial amount in insurance costs.

Homeowners Insurance Rates in Costa Mesa by Neighborhood  

PlaceZip CodeInsurance Range
Warren Ln92626 $638
Browning92626$646
Langs Bay92626 $668
Greenbrook Dr92626$674
Marian Way92627$680

Costa Mesa Homeowners Insurance Rates By Deductible 

By definition, a deductible is an out-of-pocket money you pay towards a claim. That is, it’s the money you pay to cover for damage caused to or on your property. The insurance provider pays what’s left of the insurance claim after the deductible is subtracted. This deductible you choose determines the insurance rate you have to pay. 

The lower the deductible, the higher your insurance rate, and vice versa. Therefore, if you want to pay less in insurance cost, consider going for a higher deductible. There are pros and cons to whichever direction you choose to go. Therefore, you should discuss this with your insurance provider before reaching a decision. Following is a chart of how deductibles affect your Costa Mesa homeowners insurance rates.

Homeowners Insurance Rates in Costa Mesa by Deductible

 Low DeductibleHigh Deductible
Deductible$2,000$4,000
Yearly Costa Mesa, California Homeowners Insurance Policy Example$1,200$700
Total Home Insurance Policy For 5 Years + Pocket Expense For Claim$8,000$7,500
Net Savings To Costa Mesa, California Homeowners From the High Deductible Plan$500

Costa Mesa Homeowners Insurance Coverages Available

While there’re tons of homeowners insurance companies in Costa Mesa, they all provide similar basic coverage. However, you have to get additional coverage for natural disasters or occurrences that are likely in your neighborhood. Below are some of the coverages you can get in Costa Mesa:

  • Building Protection Coverage: This coverage pays for any loss or damage to your building.
  • Personal Property Coverage: This coverage protects your property or belongings that might suffer loss or damaged due to theft, vandalism, or similar events.
  • Liability Coverage: If your home causes injury to a non-family member, this coverage pays for any liability claims and the cost of legal proceedings.
  • Medical payments coverage: This coverage will pay for the medical bills of guests that are injured in your home.
  • Loss of Use Coverage: If your home is damaged beyond use, this coverage pays for a temporary place of residence pending repair.

Best Costa Mesa Insurance Companies 

Financial powerhouses like A.M, NAIC, and J.D regularly publish the standings of different insurance providers in Costa Mesa. The ratings/score of these providers depends on several factions such as reliability, customer satisfaction, complaints, financial stability, and others. Looking at these ratings can help you decide on the right insurance provider for your home.

Best Companies and Their A&M Best, NAIC, BBB+ Rating

CompanyA.M Best RatingJ.D Power ScoreNAIC Complaint Index
State FarmA++4/50.20
AllstateA+3/50.21
Farmers InsuranceA+3/50.37
Liberty ManualA3/50.27
ProgressiveB+2/50.14

Home Insurance Agents in Costa Mesa

Getting all the information you need about insurance services in the city can be a daunting exercise – that’s where insurance agents come in. You can simply call or walk into the offices of agents representing insurance companies in Costa Mesa and get all the necessary information. Here are the contact details of agents representing the most popular Costa Mesa insurance companies. 

Homeowners Insurance Agents and Their Addresses

Agent & CompanyAddress
Farmers9107 Wilshire Blvd Ste 450, Beverly Hills, CA, 90210
State Farm454 N Arrowhead Ave, San Bernardino, CA, 92401-1421
Allstate13571 Beach Blvd, Westminster, CA, 92683
State Farm1777 Bellflower Blvd, Long Beach, CA, 90815-4019
Farmers30211 Avenida De Las Bandera Ste 200, Rancho Santa Margari, CA, 92688

Costa Mesa Homeowners Insurance Money Saving Tips

The following tips will help you save some bucks on homeowners insurance in Costa Mesa: 

  • Choose a bundled policy that combines home and auto insurance policies, which can lower your rate by up to 25%.
  • Getting new homes insured is cheaper than insuring old ones.; if you can afford it, go for a new home.
  • Most insurance providers offer discounts on homes with security systems and smoke alarms, so consider installing them.
  • Shop around for the cheapest insurance policy by comparing quotes from different providers.

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Costa Mesa, CA Homeowners Insurance FAQs

A high crime rate in a neighborhood often translates to more insurance claims. The higher the volume of claims in the neighborhood, the higher the insurance companies will charge. So, if you live in an area where the crime statistic is frightening, you should expect to pay higher insurance rates.

The very first thing is to compare quotes from different insurance providers in the city. That way, you can get the best option with the cheapest pricing. Also, you can install security systems and fire alarms in your home to enjoy some discounts.

Although California is prone to a couple of unfortunate natural events, a basic homeowner insurance plan doesn’t provide coverage. You’ll have to get additional coverage to cover these events.

The answer depends on the compromise you’re able to reach. A high deductible means you’ll pay less in insurance rate, which is especially beneficial in the long-term. On the flip side, a low deductible means you’ll pay more in insurance rate, which is better in the short-term.

Insurance companies will generally charge higher insurance premiums for older homes compared to newer ones. The reason is simple: new homes are less likely to suffer or cause damage compared to old ones. So the older your home is, the higher you should expect to pay in homeowners insurance cost.

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