Separated from Los Angeles by the San Gabriel mountains, Palmdale is located in the Antelope Valley of Southern California. This small city is home to a famous US Air Force testing center, due to which the city was named the “Aerospace Capital of America.”
Just an hour away from Hollywood, Palmdale has several amazing attractions, such as Joe Davies Heritage Airpark, Dry Town Water Park, The Palmdale Amphitheater, and Antelope Valley Indian Museum. The Antelope Valley Mall is the perfect shopping destination, which features a cinema complex and many high-end clothing stores. At the end of a tiring day, you can sit down and relax at the Olive Garden and Arby’s.
Palmdale is a thriving city, with a population of 156,293. The housing is extremely affordable, and the median value of a home is $229,200. There are 12,916 households in the city, and the homeownership rate is 64.9%. As the city is highly susceptible to various natural disasters, your house can get damaged at any time. That’s why you need to purchase the right homeowners insurance that can protect your home and all your possessions.
Whether you are looking for a new Palmdale homeowners insurance policy or want to change your current provider, use the Insurance Online quote comparison tool to check insurance premiums offered by the top insurance providers in Palmdale.
The average homeowners insurance rate fluctuates from state to state and city to city. In California, the insurance rates tend to be on the higher side as the state is prone to many natural disasters. The average cost of homeowners insurance in Palmdale is $688.99.
|Palmdale Average (annual)||California Average||United States Average|
Homeowners insurance in Palmdale can be as cheap as $339 from USAA insurance company. USAA provides homeowners insurance at half the price of the average insurance premium. Regardless of this low price, the homeowners’ insurance rate in Palmdale is still higher than in most cities in California. The city’s insurance rate is ranked 32nd on the list of most expensive cities for homeowners insurance.
The insurance providers in Palmdale offer very viable prices for different types of insurance. The best way to get a good rate for your insurance premium by negotiating the cost. In order to negotiate the price, you must do your research and know the rates offered by various insurance providers in the city.
We have checked and listed below the homeowners insurance premiums by companies.
|Company||Average Annual Premium Rate|
|Universal North America||$434|
The homeowners insurance premium directly depends on the level of coverage you choose. Dwelling coverage is the most important part of your insurance policy as the coverage amount will be used to rebuild or repair the damaged property. For a $100,000 dwelling amount, your insurance premium will be $276, and if we double the dwelling amount, your premium will go up to $929.
|Coverage Amount||Home Insurance Cost ($)|
|$750,000 to $1000,000||$2083|
Homeowners insurance premium is calculated based on local variables, specifically the location of your home. Insurance companies charge according to the recognized risks in each neighborhood. In Palmdale, Hillside is the most expensive neighborhood, whereas Joshua Hills is the least expensive.
Depending on your neighborhood, your premium could range from $600 to $1300. Here is a chart to show you Palmdale homeowners insurance rates by ZIP Code.
|Neighborhood||ZIP Code||Average annual homeowners insurance rate|
|60th Street E||93552||$672|
|Vac/Cor Juniper Ridge Ln||93510||$768|
|166th St E||93591||$852|
|Desert Flower Dr||93551||$1128|
|Casa Verde Dr||93550||$1272|
When you purchase homeowners insurance, you need to decide on a deductible amount. The deductible refers to the amount a homeowner agrees to pay to the insurance company before filing a claim.
The premium cost varies with the variations in the deductible amount. So, how do you decide your deductible amount?
Remember the simple rule; If you want your premium to be cheap, you should raise your deductible. But, don’t choose a very high deductible. The deductible amount should be enough that you can afford to pay in case of a claim.
We calculated the average Palmdale homeowners insurance rate based on different deductible levels. Take a look at the table:
|Deductible Level||Average Annual Homeowners Insurance Rate|
Homeowners insurance policies generally provide the following coverages:
Buying a homeowners insurance policy is an investment, which you shouldn’t buy solely based on its cost. Your insurance company should offer a combination of affordable premiums, great customer service, and financial reliability.
To make your research easier, we have compiled a list of the best homeowners insurance companies in Palmdale based on their AM Best financial rating, J.D. Power Ranking, and Better Business Bureau rating.
|Company||J.D. Power Ranking||A.M. Best Rating||BBB rating|
|Liberty Mutuals||3 out of 5 stars||A||A-|
|Farmers||3 out of 5 stars||A+ (Superior)||A+|
|Travelers||5 out of 5 star||A++||A+|
|Allstate||3 out of 5 stars||A+ (Superior)||A+|
|State Farm||4 out of 5 stars||A++ (Superior)||A|
|Home Insurance Company Near Palmdale, CA||Address|
|State Farm||554 E Foothill Blvd Ste 111, San Dimas, CA, 91773-1222|
|Farmers||861 Via De La Paz Ste C, Pacific Palisades, CA, 90272|
|Travelers||11150 W Olympic Blvd, Ste 1100 Los Angeles, LA, CA, 90064|
|Allstate||10680 W Pico Blvd Ste 202, Los Angeles, CA, 90064|
|State Farm||4788 Peck Rd, El Monte, CA, 91732-1349|
As per the latest reports issued by the National Association of Insurance Commissioners, the insurance premium rates have declined as the number of insurance claims has reduced.
Even though the homeowners’ premiums are less expensive in Palmdale, the city has to face many insurance claims due to different reasons. Here is a list of common causes of homeowners insurance losses in Palmdale:
Homeowners’ insurance rates in Palmdale fluctuate from one company to another. Some companies have costly premiums, while some offer the cheapest. If you live in Palmdale or plan to move to the city, here is one of the best money-saving tips that will help you lower your insurance premium: Bundling.
Bundling your home and auto insurance offers many benefits, including savings, discounts, and manageable policies. Many insurance providers offer discounts that can drastically change your premiums. For instance, Allstate offers 10% off your auto insurance and 25% off your home insurance. Have a look at the table below and see how bundling affects your insurance premiums.
|Place||1 Car Bundle Savings On Insurance||2 Car Bundle Savings On Insurance||3 Car Bundle Savings On Insurance|
|Desert View Highlands CDP, California||$77||$108||$168|
|Quartz Hill CDP, California||$79||$109||$169|
|Acton CDP, California||$85||$117||$181|
Umbrella insurance works as an extra layer of protection when a homeowner files a massive insurance claim.
For example, if someone gets physically injured at your home, your insurance policy would cover the personal liability and medical expenses; In case the medical expenses are more than coverage limits, the umbrella policy will cover the remaining medical bills.
When you are looking for a homeowners insurance policy, don’t just go running to the first insurance provider that you see. Insurance policy is a gambling game, and every provider would offer a different price based on different coverages.
Shopping around is important to find the right price for your insurance policy. It is critical to obtain insurance quotes from different providers and compare their policy coverages, coverage limits, deductibles, liability limits, personal property coverage, and other add ons.
You should also compare the discounts offered by the providers and then check the premium amount. Before buying an insurance policy, you should compare companies as well to see their rates in terms of customer service, financial stability, and trust among other customers.
You can use the Insurance Online quote comparison tool to get free quotes from different insurance providers.
A hazard policy is generally known as dwelling coverage, which is integrated into any standard homeowners insurance policy. It covers any damages caused to the structure of your home. Your mortgage companies require a hazard policy to ensure that their investment (your home) is protected. In case of damage caused by a covered event, the hazard policy will pay to repair or rebuild your home. You do need to purchase a separate insurance policy for flood and earthquake coverage.
No. A standard homeowners insurance doesn’t cover the car. You need to purchase auto insurance to cover the damages to your vehicle.
Homeowners have the option to choose between both HO-3 or HO-5 insurance policies. Some cities don’t even offer an HO-5 policy.
An HO-5 is your best option if you own a lot of valuable personal possessions. It covers your personal provider in a wider range than an HO-3. An HO-5 may seem to be a bit more expensive than its counterparts, but it can save you money in the long run.
If you don’t want to pay extra money on insurance, you can go ahead and buy an HO-3 as it provides sufficient coverage.