Palmdale, CA Homeowners Insurance

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. 

Best Palmdale Homeowners Insurance

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.

Palmdale Homeowners Insurance Average Cost 

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 Homeowners Insurance Rates Compared to State and National Average Rates

Palmdale Average (annual)California AverageUnited States Average
$688.99$1,173 $1,444

Palmdale Homeowners Insurance Premiums by Company

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. 

Comparison of Palmdale Homeowners Insurance Premiums by Companies

CompanyAverage Annual Premium Rate
USAA$339
Universal North America$434
Safeco$503
Kemper$688
Homesite$712.99
California Casualty$989.79
Farmers$1004.21
Nationwide$1027.90
State Farm$1287.92

Palmdale Homeowners Insurance Cost by Coverage Amount

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.

Palmdale Homeowners Insurance Rates by Coverage Limits

Coverage AmountHome Insurance Cost ($)
$100,000$276
$200,000$929
$300,000$1210
$400,000$1406
$500,000$1802
$750,000 to $1000,000$2083
Above $1000,000$2460

Palmdale Homeowners Insurance Rates by ZIP Code

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.

Cost of Homeowners Insurance in Palmdale by ZIP Codes

NeighborhoodZIP CodeAverage annual homeowners insurance rate
60th Street E93552$672
Vac/Cor Juniper Ridge Ln93510$768
166th St E93591$852
Desert Flower Dr 93551$1128
Casa Verde Dr 93550$1272

Palmdale Homeowners Insurance Deductibles

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:

Palmdale Homeowners Insurance Cost Based on Deductible

Deductible LevelAverage Annual Homeowners Insurance Rate
$500$680.98
$1,000$615.99
$1,500$579.62
$2,000$525.87
$5,000$493.45

Palmdale Homeowners Insurance Coverages Available

Homeowners insurance policies generally provide the following coverages:

  • Dwelling Coverage and Structure coverage: It covers your home’s physical structure and any other structures not attached to your home, such as a shed.
  • Personal Property Coverage: It covers your possessions both inside and outside of your home from any loss. 
  • Loss of Use Coverage: It covers the additional living expenses incurred while your home is getting repaired after an insured event.
  • Liability Coverage: It covers you and other residents of your home if someone gets injured in your house or you damaged someone’s property. 
  • Medical Coverage: It covers the medical expenses if someone gets injured in your home. 

Best Palmdale Home Insurance Companies 

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. 

Best Homeowners Insurance Company in California

CompanyJ.D. Power RankingA.M. Best RatingBBB rating
Liberty Mutuals 3 out of 5 starsAA-
Farmers  3 out of 5 starsA+ (Superior)A+
Travelers 5 out of 5 starA++A+
Allstate 3 out of 5 starsA+ (Superior)A+
State Farm 4 out of 5 starsA++ (Superior)A

Top Homeowners Insurance Agents in Palmdale

Home Insurance Company Near Palmdale, CAAddress
State Farm554 E Foothill Blvd Ste 111, San Dimas, CA, 91773-1222
Farmers861 Via De La Paz Ste C, Pacific Palisades, CA, 90272
Travelers11150 W Olympic Blvd, Ste 1100 Los Angeles, LA, CA, 90064
Allstate10680 W Pico Blvd Ste 202, Los Angeles, CA, 90064
State Farm4788 Peck Rd, El Monte, CA, 91732-1349

Common Causes for Palmdale Homeowners Insurance Claims

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: 

  • Fires: The city reported 34 cases of fire, which lead to insurance losses. 
  • Floods: In the Antelope Valley area, the risk of floods is very high. You either get five to six inches of water or two to three feet. In 2020, the residents faced 14 floods, which resulted in insurance loss. 
  • Storms: The city of Palmdale is extremely vulnerable to thunderstorms and tornadoes. Last year, the weather department recorded nine storms, one hurricane, one tornado, and five winter storms.
  • Property Crime: The crime rate in Palmdale is 26% lower than the national average. In 2020, 1400 property crimes were reported, out of which 1165 were related to theft and burglary. 

Palmdale Homeowners Insurance Money-Saving Tips

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.

Palmdale Auto & Homeowners Insurance Bundling Discounts

Place1 Car Bundle Savings On Insurance2 Car Bundle Savings On Insurance3 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

Special resources for Palmdale homeowners: 

Get Palmdale homeowners insurance now!

Get Cheapest Insurance Quote

Palmdale, CA Homeowners Insurance FAQs

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. 

Get Cheapest Insurance Quote

Call an Agent

Whether you just prefer a friendly voice or need more information, our licensed agents are ready to help you save.