Irvine, CA Homeowners Insurance

The city of Irvine is the largest urban community in the United States. It is located 40 miles away from Los Angeles. Originally developed as a farming community, Irvine is now a leading employment generator. This planned city is divided into villages that have their own architectural theme. 

Irvine is famously known as one of the happiest cities in the United States and the best city to raise a family. The city is well-known to be the safest city, with a rapidly growing job market. Irvine’s residents enjoy a wide array of family-friendly activities, such as hiking, horseback riding, and bird-watching. People also enjoy local flora and fauna by visiting the Turtle Rock and Irvine Open Space Preserve. For those who like to watch comedy, the Irvine Improv showcase live performances by local comedians. Along with these fantastic adventures, Irvine offers excellent dining and shopping experiences as well.  

As of 2021, the city has a total population of 273,157 and 98,281 housing units, with a homeownership rate of 46%. The median home value in Irvine is $753,399. The city’s housing cost is very high, making it inevitable to protect your house from unforeseen disasters and accidents. Although it is not mandatory to purchase homeowners insurance, it’s still a wise idea to purchase Irvine homeowners insurance policy to protect your biggest asset from any financial losses. If you are looking to buy homeowners insurance in Irvine, try our Home Insurance Quote Comparison Tool and get free homeowners insurance quotes from top-rated insurance companies.  

Average Homeowners Insurance Cost in Irvine

Buying a home is one of the massive investments of anyone’s life. The unforeseen disasters can be a risk to your biggest investment. That’s why homeowners need to purchase standard homeowner insurance that protects their most valuable assets – home, and protects them from any financial setbacks that may incur due to disastrous events.

When you start looking for Irvine homeowners insurance policy, you must compare prices and coverages offered by different providers. It is always good to negotiate the insurance provider’s premium cost to obtain the right coverage at the right cost. 

The average homeowners insurance in Irvine is $949, which is significantly lower than the national average.

Irvine Homeowners Insurance Rates Compared to State and National Averages

Irvine Average Home Insurance Cost (annual)California AverageUnited States Average
$949$1,173$1,444

Irvine Homeowners Insurance Premiums by Company

When you start comparing homeowners insurance rates, you will notice that the price fluctuates greatly from one company to another, even for the same coverage levels. In Irvine, homeowners insurance companies are constantly working to understand your insurance needs. They provide their best policies to protect your home with coverage that perfectly fits your life.

In Irvine, First American Ins offers the cheapest homeowners insurance for a price of $479. Have a look at the table below and see rates offered by different providers in Irvine.

Irvine Homeowners Insurance Rates by Companies

CompanyAverage Annual Premium Rate
First American Ins$479
American Security$531
Kemper$549
USAA$650
Liberty Ins Corp$733
Pacific Specialty$791
Amco$902
Bankers Standard$1,579

Irvine Homeowners Insurance Rates by Coverage Amount 

While looking for a homeowners insurance policy, you need to know what type of insurance coverage you want. After estimating the replacement cost of your home, the dwelling coverage amount is calculated. It should be enough to rebuild your home after it gets damaged due to any covered peril. The chosen dwelling coverage affects the cost of your Irvine homeowners insurance premium. 

Look at the table below and see how different coverage levels affect your annual homeowners insurance cost in Irvine:

Homeowners Insurance Rates in Irvine by Coverage Limits

Dwelling Coverage AmountAnnual Home Insurance Cost
$100,000$183
$200,000$566
$300,000$758
$400,000$918
$500,000$1,175
$750,000 to $1000,000$1,358

Irvine Homeowners Insurance Rates by ZIP Codes

Irvine homeowners insurance rates will vary based on the location of your home. Your insurance premium may fluctuate even if you move to a house just a couple of streets down. There are many reasons behind the fluctuations, such as the crime rate in your neighborhood, the number of insurance claims filed recently, the cost of your house, and mainly, proximity to a fire station.

Look at the table below and find out the Irvine homeowners insurance rates based on ZIP codes.

Cost of Homeowners Insurance in Irvine by ZIP Codes

NeighborhoodZIP CodeAverage annual homeowners insurance rate
Bridgeway St92604$660
Streamwood92620$888
Robins Tree Ln92602$915
Paseo Westpark92606$2,028
Dewdrop92603$2,556
Chestnut92612$2,796

Popular Home Insurance Deductibles in Irvine

When you purchase homeowners insurance in Irvine, you would need to decide on a deductible amount. A homeowner insurance deductible is an amount that a homeowner agrees to pay the insurance provider before they payout on a claim. 

Typically, if you select a low deductible amount, your homeowners insurance premium will be more. You can choose a high deductible amount to reduce the cost of your premium. The following table shows how Irvine homeowners insurance rates fluctuate based on different deductible amounts. 

Homeowners Insurance Cost in Irvine based on Deductible

Deductible LevelAverage Annual Homeowners Insurance Rate
$500$1,537
$1,000$1,390
$1,500$1,308
$2,000$1,188
$5,000$956

Homeowners Insurance Coverages Available in Irvine  

A standard homeowners insurance policy in Irvine 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 Irvine

Finding the best insurance company can be hard. While shopping for homeowners insurance, you should never buy it just based on the price. You need to consider the insurance providers’ customer service rating, financial status, and claim history.

The following table lists the best Irvine homeowners companies based on J.D. Power Rankings, AM Best Ratings, and BBB Ratings.

Best Cheap Homeowners Insurance Company in Irvine

CompanyJ.D. Power RankingA.M. Best RatingBBB Rating
Farmers 3 out of 5 starsA+ (Superior)A+
Travelers 5 out of 5 starA++ (Superior)A+
Erie 5 out of 5 starsA+ (Superior)A+
Liberty Mutuals 3 out of 5 starsA (Excellent)A-
Allstate 3 out of 5 starsA++ (Superior)A+

Top Homeowners Insurance Agents in Irvine

Homeowners Insurance Agency Near IrvineAddress
Great Park Insurance10 Corporate Park Suite 130, Irvine, CA 92606
AIS | Auto Insurance Specialists | Irvine16969 Von Karman Ave #100, Irvine, CA 92606
Farmers Insurance 4000 Barranca Pkwy Ste 250, Irvine, CA 92604
State Farm Insurance Agent4482 Barranca Pkwy #224, Irvine, CA 92604
Risk Strategies Co2040 Main St #450, Irvine, CA 92614
Professional Choice Insurance2151 Michelson Dr. STE 250, Irvine, CA 92612
Arizona Home Insurance Company2172 Dupont Dr, Irvine, CA 92612

Common Causes of Home Insurance Claims in Irvine

As per recent statistics, five claims are filed per hundred insured homes, but their frequency has increased. Here are the top causes of homeowners insurance claims in Irvine:

  • Wind and hail (33.1%)
  • Water damage and freezing (29.5%)
  • Fire and lightning (26.8%)
  • Vandalism and malicious mischief (5.7%)
  • Personal liability (2.7%)
  • Theft (1.9%)
  • Medical payments (0.2%)
  • Credit card and other (less than 0.1%)

Money-Saving Tips for Irvine Homeowners Insurance 

Depending on your home location, the homeowners insurance rate can be very high. The residents of Irvine have many discount options available that can immensely change their insurance premiums. Here’s how you can reduce your insurance cost:

  • Renovating your home
  • Construction type of your home
  • Installing sprinklers, fire alarms, and burglar alarms
  • Paying the premium in full.

Bundling your homeowners and auto insurance is the best way to save money. Bundling your home and auto insurance will not only offer you discounts, but your insurance policies will be more manageable.

Refer to the following table to see how bundling your home and auto insurance affects your insurance premiums. 

Auto & Homeowners Insurance Bundling Discounts in Irvine

CompanyAvg. Annual Auto Insurance Rate (With Bundle)
Mercury$1,177
GEICO$1,190
Farmers$1,451
State Farm$1,600
Allstate$1,840

Special Resources for Residents of Irvine: 

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Irvine, CA Homeowners Insurance FAQs

Most homeowners insurance policies do not cover the damages caused by pets.

Most homeowners simply get their homeowners insurance renewed without negotiating the price. When you haggle the price, the provider will probably provide a rate even cheaper than the original premium.

The cost of your homeowners insurance premium in Irvine depends on:

  • Cost of the house
  • Renovation cost
  • Type of construction of your home
  • Age of your house
  • The crime rate in the neighborhood
  • Weather conditions
  • Distance from the fire station and police station

A standard homeowners insurance policy covers the loss and damages caused to your home and personal belongings from theft and vandalism. You can install home security systems and other safety measures to reduce the chances of theft. 

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