Long Beach is located just half an hour away from Los Angeles. This waterfront city is a hidden gem in the state of California. The city is home to many attractions, including the RMS Queen Mary, Aquarium of the Pacific, and many more. Long Beach is famous for its beautiful beaches and festivals, such as the Grand Prix of Long Beach, IndyCar Race, and the Long Beach Pride Festival and Parade.
There are many family-friendly beaches in the city, where you can enjoy boating, kayaking, and other water sports. Along with waterfront adventures, you can also enjoy retail therapy at the vintage boutiques located on 4th Street. Long Beach offers urban sophistication wrapped in waterfront scenes.
As of 2021, the city has a total population of 463,218, making it the 43rd most populated city in the United States. There are 175,869 housing units in Long Beach, with a homeownership rate of 40.8%, which is lower than the national average. The median value of a home in the city is $476,399. Buying a home is the biggest investment of anyone’s life, which makes it inevitable to get homeowners insurance. Long Beach homeowners insurance will protect your property from any unforeseen financial losses that might incur due to accidents or natural disasters. 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 Long Beach, try our Home Insurance Quote Comparison Tool and get free homeowners insurance quotes from top-rated insurance companies.
Finding the right homeowners insurance can be overwhelming, but getting the right price doesn’t have to. To get the best rate for your homeowners insurance in Long Beach, you should start your research by comparing rates from the best-rated companies in your area.
In Long Beach, the average homeowner insurance rate is $1,480, which is slightly higher than the national average.
|Long Beach Average Home Insurance Cost (annual)||California Average||United States Average|
In Long Beach, homeowners insurance rates may vary from company to company as they all offer different types of coverages. The cost of your homeowners insurance depends on several factors, including the insurance company’s system to determine your policy rates.
Mercury offers the most affordable Long Beach homeowners insurance policy valued at $539 per year. Take a look at the table below and see rates offered by different insurance providers in Long Beach.
|Company||Average Annual Premium Rate|
When you buy a homeowners insurance policy, you will be asked to choose a dwelling coverage limit used to pay for the replacement or repair cost of your property in case of a disaster. Depending on the chosen dwelling coverage, your homeowners insurance rates will fluctuate.
Here’s how different coverage levels affect your annual homeowners insurance cost in Long Beach:
Homeowners Insurance Rates in Long Beach by Coverage Limits
|Dwelling Coverage Amount||Annual Home Insurance Cost|
|$750,000 to $1000,000||$1,834|
Homeowners insurance rates change from company to company, state to state, city to city, and from one neighborhood to another. Your homeowners insurance companies use local variables to calculate the insurance cost, including the property’s location, age of the house, number of claims filed from your neighborhood, and the crime rate.
Take a look at the table below, as we have listed the homeowners insurance rates in Long Beach based on different ZIP codes.
|Neighborhood||ZIP Code||Average annual homeowners insurance rate|
|E 1st Street 1||90802||$2,340|
One of those big decisions related to homeowners insurance is to decide the deductible amount. A deductible is a dollar amount that a homeowner is responsible for paying when filing an insurance claim. A high deductible can help you to reduce the cost of your homeowners insurance premium.
The following table shows how Long Beach homeowners insurance rates fluctuate based on different deductible amounts.
|Deductible Level||Average Annual Homeowners Insurance Rate|
A standard homeowners insurance policy in Long Beach provides the following coverages:
Generally, homeowners purchase their insurance policy based on the price offered by the insurance companies. Unfortunately, the cost is not the only factor that needs to be considered. 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 Long Beach homeowners companies based on J.D. Power Rankings, AM Best Ratings, and BBB Ratings.
Best Cheap Homeowners Insurance Company in Long Beach
|Company||J.D. Power Ranking||A.M. Best Rating||BBB Rating|
|GEICO||5 out of 5 stars||A++ (Superior)||A+|
|State Farm||4 out of 5 stars||A++ (Superior)||A|
|Nationwide||3 out of 5 stars||A+ (Superior)||A+|
|Farmers||3 out of 5 stars||A+ (Superior)||A+|
|Liberty Mutuals||3 out of 5 stars||A||A-|
|Homeowners Insurance Agency Near Long Beach||Address|
|Farmers Insurance||4125 Norse Way, Long Beach, CA 90808|
|AIS | Auto Insurance Specialists | Long Beach||5000 E Spring St, Long Beach, CA 90815|
|Top Auto Insurance||2760 E Spring St #150, Long Beach, CA 90806, United States|
|Allstate Insurance||4700 E 7th St, Long Beach, CA 90804, United States|
|State Farm Insurance Agent||5624 2nd St, Long Beach, CA 90803, United States|
|State Farm Insurance Agent||6272 Pacific Coast Hwy STE C, Long Beach, CA 90803, United States|
|State Farm Insurance Agent||5150 E Colorado St, Long Beach, CA 90814, United States|
Unforeseen disasters can never be avoided. Regardless of your extreme efforts to safeguard your property, it can be damaged by different means, including floods, wildfires, thefts, and vandalism. Here are the top causes of homeowners insurance claims in Long Beach:
Homeowners insurance keeps your property protected, but it can be very expensive. The best way to save money on your Long Beach homeowners insurance is by bundling it up with your auto insurance. If you have the same provider for both home and auto insurance, you can ask them to provide you a package that offers sufficient coverage on both assets.
By bundling your auto and home insurance, you can save up to 20% on your premium. Refer to the following table to see how bundling your home and auto insurance affects your insurance premiums.
|Company||Avg. Annual Auto Insurance Rate (With Bundle)|
Standard homeowners insurance covers multiple perils, excluding:
Long Beach homeowners insurance does cover any roof damages and will pay the cost to replace it, only if it was damaged by a sudden accident or natural disaster. The damages caused by general wear and tear are excluded from standard homeowners insurance coverage.
Your homeowners insurance premium is affected by several variables. Here are some of the most common factors that have an impact on the cost of your insurance policy:
There are a number of factors that can decrease the homeowner insurance in Long Beach, such as: