Lancaster, CA Homeowners Insurance

The beautiful city of Lancaster is located at the western edge of the Mojave Desert in Antelope Valley. It’s only 80 miles away from Los Angeles. The city is a huge advocate of solar power use, and a major part of the city’s infrastructure is powered by solar energy, including City Hall and local schools. The residents are devoted to building a carbon-neutral community by producing clean energy. 

Best Lancaster Homeowners Insurance

Lancaster has a total population of 159,028. The homeownership rate in Lancaster is 53.4%, which is lower than the national average. The median home value in the city is $320,979. Lancaster was listed among the Top 100 Places to Live due to its strong economy and diverse community. The city’s farmland and natural beauty attract thousands of visitors every year. It’s home to many attractions, including the Antelope Valley California Poppy Reserve and Lancaster Performing Art Centre. Along with the entertainment, the city has the best dining places, such as The Cantarito Restaurant, which is famous for quintessential meals. 

Buying a home is an expensive investment, and homeowners insurance protects it from any unforeseen events. It is not mandatory for homeowners to purchase insurance in Lancaster, but the mortgage providers need it to ensure that their loan is risk-free. Despite that, the residents of Lancaster are always looking to find more affordable homeowners insurance. If you are one of them, use the Insurance Online quote comparison tool to get free insurance quotes from different insurance providers.

How Much Does Lancaster Homeowners Insurance Cost?

In Lancaster, the insurance providers offer a very competitive price. The average Lancaster homeowners insurance premium is $667.95. When you are looking for a new insurance policy, always know the average premium amount. It will enable you to negotiate the price with your insurance provider and avoid paying high costs.   

Lancaster Homeowners Insurance Rates Compared to State and National Average Rates

Lancaster Average Home Insurance Cost (annual)California AverageUnited States Average
$667.95$1,173 $1,444

Cheapest Lancaster Homeowners Insurance By Company

Lancaster homeowners insurance rates are more reasonable than the majority of cities in California. State Farm sells the most affordable Lancaster homeowners insurance, which is valued at $336.98. Along with the cheapest price, the company provides the best coverage and service to the residents. Privilege Underwriters Exchange charges the most expensive homeowners insurance premium.  

Below is a comparison between premiums offered by different insurance providers in Lancaster. Use this table to ease up your research work while looking for the best Lancaster homeowners insurance. 

Lancaster Homeowners Insurance Premiums by Company

CompanyAverage Annual Premium Rate
State Farm$336.98
Safeco$450
American Reliable$572
Amica Mutual$833
American Security$1324
Privilege Underwriters Exchange$4033

Lancaster Homeowners Insurance Cost by Coverage Amount

Dwelling coverage is the most important part of your homeowners’ insurance. The dwelling level you chose will be used to pay to rebuild or replace your home if it gets damaged by any covered perils, such as wind, hail, accidental water damage, theft, vandalism, etc. 

There are many dwelling coverage levels available to choose from, and your homeowners’ insurance premium will vary based on each dwelling coverage level. Check the table below and see homeowners insurance rates based on coverage limits. 

Lancaster Homeowners Insurance Rates by Coverage Limits

Coverage AmountHome Insurance Cost ($)
$100,000 dwelling$439
$200,000 dwelling$503
$300,000 dwelling$792
$400,000 dwelling$1235
$500,000 dwelling$1453
$750,000 to $1000,000 dwelling$2265
Above $1000,000 dwelling$2499

Lancaster Homeowners Insurance Rates by ZIP Codes

Homeowners’ insurance rates in Lancaster fluctuate significantly from neighborhood to neighborhood. The location of your home is one of the biggest factors that influence your insurance premium. If your neighborhood has a high crime rate, your premium will be expensive. 

Lancaster homeowners insurance ranges from $583 to $756, varying from ZIP code to ZIP code. See the table below to know the premium cost based on ZIP codes. 

Lancaster Homeowners Insurance Rates by ZIP Codes

NeighborhoodZIP CodeAverage annual homeowners insurance rate
20th Street W93539$583
Glenn Ct / W Avenue L1493535$594
65th St W93536$602
W Ave J 1593534$612
Berry Street93584$756

Lancaster Homeowners Insurance Deductibles

A deductible is an amount that the insured homeowner must pay the insurance company before filing an insurance claim. When you choose what type of coverage you want, you must decide the deductible amount. 

Generally, homeowners chose a high deductible to get a lower premium. The deductible amount should be just enough that you can afford to pay out of your pocket. Homeowners don’t have to send actual funds to the insurance company; instead, the deductible is deducted from the claimed cost. 

For example, if your deductible amount is $500, and you file a claim of $1000, the insurance provider will only cover $500. The deductible money will be deducted from the claimed value. 

Refer to the chart below and see how the deductible amount affects your premium.  

Lancaster Homeowners Insurance Cost Based on Deductible

Deductible LevelAverage Annual Homeowners Insurance Rate
$500$658.98
$1,000$595.99
$1,500$560.62
$2,000$509.87
$5,000$478.45

Lancaster Homeowners Insurance Coverages Available

Homeowners insurance in Lancaster provides multiple types of coverages. Take a peek at the table below to learn more about each coverage type. 

TypeInformation
Dwelling CoverageThe dwelling coverage protects the physical structure of your home from any damage caused by a covered peril.
Other Structures CoverageThis coverage protects the additional structures that are not attached to your home, such as a shed or garage.
Personal Property CoveragePersonal property coverage offers coverage for your personal belongings inside your home.
Loss of Use CoverageLoss of use coverage covers the living expenses that may occur if your home is getting repaired after being damaged by a covered peril. 
Personal Liability CoveragePersonal liability coverage protects the insured if someone gets injured, and one of the residents of the insured home is responsible for the injury. The same coverage will apply if someone else’s property is damaged by the residents of your home. 
Medical Payment CoverageIf a guest gets injured at your home, the medical payment coverage will be responsible for paying their medical expenses. 

Best Lancaster Homeowners Insurance Companies

If you are looking for homeowners insurance in Lancaster, you would know it can be overwhelming to make the right choice. The majority of homeowners usually purchase insurance policies based on their cost. They fail to consider other factors that can affect the over experience. 

We have searched and compiled a list of the top five homeowners insurance companies in Lancaster. We have listed the companies that offer the best customer service, give special discounts, sell various types of coverages, and many more. 

Best Homeowners Insurance Company in California

CompanyJ.D. Power RankingA.M. Best RatingBBB rating
Allstate 3 out of 5 starsA+ (Superior)A+
GEICO 5 out of 5 starsA++A+
Amica Mutual5 out of 5 starA+A+
State Farm 4 out of 5 starsA++ (Superior)A
Farmers  3 out of 5 starsA+ (Superior)A+

Top Homeowners Insurance Agents in Lancaster

Home Insurance Company Near Lancaster, CAAddress
Travelers4523 Van Nuys Blvd, Ste 200, Sherman Oaks, CA, 91403
Allstate2313 W Burbank Blvd, Burbank, CA, 91506
State Farm43803 15th St W, Lancaster, CA, 93534-4756
State Farm19524 Nordhoff St Ste 8A, Northridge, CA, 91324-2436
State Farm3015 Mount Pinos Way Suite 202, Frazier Park, CA, 93225

Common Causes for Lancaster Homeowners Insurance Claims

If you own a house in Lancaster or are searching for a new home, you must buy homeowners insurance to protect yourself from the loss caused by different perils. 

Lancaster is located on the coast, which makes the city prone to wind and hail. The risk of hurricanes and windstorms is very high in the city. The weather-related claims contribute a significant part to the insurance losses in Lancaster. While living in Lancaster, you should also purchase flood and earthquake coverage to protect your home against these disasters. 

The crime rate is on the rise in Lancaster. Last year, 2100 property crimes were reported in the city. Along with property crime, the city has faced many identity theft incidents. We recommend getting an additional endorsement from your insurance agent to provide identity theft protection. 

Lancaster Homeowners Insurance Money-Saving Tips

Homeowners’ insurance and auto insurance can be quite expensive. If you want to attain the best homeowners insurance rate, follow simple tips that will help you save money. 

  • Review the current policy to ensure that you are over or underinsured
  • Spend some time to shop around and find the best insurance policy rate
  • Raise deductible amount
  • Add home security systems
  • Bundle your home and auto insurance

Lancaster Homeowners Insurance and Car Insurance Bundling Discount

Place1 Car Bundle Savings On Insurance2 Car Bundle Savings On Insurance3 Car Bundle Savings On Insurance
North Antelope Valley CCD, Los Angeles County, California$73.85$98.88$147.15
Quartz Hill CDP, California$74.51$99.85$149.33
Desert View Highlands CDP, California$74$98.02$147.98

Special Resources for Lancaster Homeowners: 

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Lancaster, CA Homeowners Insurance FAQs

When you install a pool, the risk of someone getting injured increases, so you must inform your insurance agent to get pool coverage whenever you get a new pool installed. A standard policy does not provide coverage for any incidents that may occur due to the pool. The insurance company would want you to take additional safety measures to reduce the risk of injuries.

Accidental water damages are covered by your standard homeowners’ insurance. If your household appliances such as a water heater had a malfunction and the water was released into your home, your insurance policy will cover the damages caused by it. The insurance will not cover the replacement cost of the appliance.

 

There are many cases where your policy will not cover the damages caused by water, such as:

  • If your equipment was knocked over by a resident of your home
  • The equipment was old, rusty, and lacked maintenance

If you rent your home, you need to purchase renter’s insurance, which offers coverage for personal possessions and finances. The insurance policy will cover the damages caused to home decor, clothing, furniture, etc. by a covered peril. Similar to homeowners insurance, the renter’s insurance also covers the additional living cost, medical payments when someone gets injured at your home, and liability coverage.

You should always consult with your homeowners’ insurance agent before starting any home renovation project. Your standard homeowners’ insurance policy does not cover the value of additions to the home. In the event of loss, coverage will not be offered to the homeowners. 

 

We recommend updating the coverage to include all the improvements and additions made to the house. These home improvements will affect your homeowners’ insurance policy; some may increase it, and then the same may make you eligible for extra discounts.

When you are looking for homeowners insurance, you would want to check quotes from different providers quickly. Here’s the list of information you need to provide to the insurance company before they can offer you a quote:

 

  • Address of your home
  • Square footage of your home
  • Type of construction of your home
  • The age of home and its roof
  • Liability coverage amount
  • Claim history
  • Know the time when your household systems, appliances, and equipment were updated. 

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