San Diego, CA Homeowners Insurance

San Diego, California may have near-perfect weather year round, but the area’s geographical composition puts homes at risk of expensive and heightened structural damage. San Diego has an estimated population of 1,409,573, with a homeownership rate of about 46.8%. Therefore, if you’re one of the approximately 600,000 people living in San Diego who owns a home, you should have a quality homeowner insurance policy to protect your property and belongings and be sure that a reputable company handles the insurance claims for you in case of wildfires, floods, local crime, and other disasters that could occur. 

How Much Does San Diego Homeowners Insurance Cost?

The question most San Diego homeowners seek to find answers to, after deciding to get their home insured, is; how much will it cost to me to get my home insured in San Diego? The answer to that question varies. The cost of homeowners insurance in San Diego depends on factors such as the home’s current value, materials used to construct the home, the location where your home is based, the value of personal items in the home, and several other factors.

On average, homeowners in San Diego pay about $1,238 annually for home insurance, which is lower than the national average of $1,548 and significantly less than the California average of $1,868. So, homeowner insurance coverage is relatively cheap in the city of San Diego. 

If you want affordable home insurance coverage in San Diego, it’s best to start by comparing different insurance policies as provided by various insurance companies. While most insurance companies will consider many of the same factors that influence the cost of homeowners’ insurance coverage, the aggregate rate usually differs.

Homeowners insurance rates: San Diego Vs. California Vs. National average

San Diego Annual AverageCalifornia AverageUnited States Average
$1,238$1,868$1,548

San Diego Homeowners Insurance Rates by Company

Compared to San Diego’s average annual homeowners insurance rate of $1238— USAA provides basic coverage for about $670 annually, which is the most affordable among other San Diego homeowner insurance companies.

The table below gives you a comprehensive detail of the cheapest home insurance companies in San Diego, California. 

Cheapest Homeowners Insurance Companies in San Diego

CompanyAverage Annual Rate
USAA$670
Mercury$760
AAA$820
AmTrust $925
Metlife$1100
Nationwide$1225
Travelers$1470

Homeowners Insurance Rates in San Diego by Coverage Level

The level of coverage you choose is one factor that affects your home insurance rates in San Diego. The more the dwelling coverage you carry on your policy, the higher your homeowners insurance rate will be. In San Diego, if you carry a coverage dwelling cost of around $200K to $300K, your average rate will be at about $900, while if you carry a dwelling coverage cost of up to $500k, your rate can rise to about $1,300 annually.

Homeowners Insurance Cost in San Diego by Popular Coverage Limits

Coverage LevelAverage Annual Rate
$100K – 200K$650
$200K – 300K$900
$300K – 400K$1,150
$400K -500K$1,300

Average Homeowners Insurance Rates in San Diego by Zip Code

Homeowners insurance companies in San Diego consider the location of your home when determining your policy premium. So, your home insurance cost may vary depending on where you live in San Diego. Also, the number of insurance claims previously filed in your local area is a significant determinant of the price you pay for homeowners insurance. Therefore, as a rule of thumb, the area you live in San Diego could significantly impact your home insurance cost. 

The area with the cheapest home insurance rates is Normal Heights, which has the ZIP code 92116 and an average annual insurance premium of $650. A typical home insurance policy in 92107 (Ocean Beach) will cost an average of $720 per year—that’s $150 less than the rate you’ll get in the city-wide areas of San Diego. The table below shows you areas in San Diego and the average home insurance rates in those areas. If you’re looking for the neighborhoods with the cheapest homeowners insurances in San Diego, check out the table below.

Cheapest San Diego Homeowners Insurance Rates by ZIP Code and Neighborhood

ZIP CodeNeighborhood NamesAverage Annual Insurance  Rate
92116Normal heights$650
92107Ocean Beach$720
92102San Diego Central$830
92104North Park$960
92131Scripps Ranch$1,120
92106Point Loma$1,140
92109Pacific Beach$1,180
92110Old Town$1,250
92128Rancho Bernado$1,630
92122University city$2,150

San Diego Homeowners Insurance Rates by Deductibles

One of the many choices you’ll have to make when you’re looking to purchase a homeowner insurance policy in San Diego is how low or high your deductible will be. Deductibles are what you are responsible for paying your insurer for servicing your insurance claim. 

The lower your deductible, the higher the premium you pay, and vice-versa. Therefore, if you want a lower homeowner insurance premium, you should consider choosing a higher deductible. 

Here are some popular deductibles offered by homeowners insurance companies in San Diego, as well as the average rates for each of them.

Homeowners Insurance Deductible Levels and Average Insurance Rates in San Diego 

Deductible LevelAverage Annual Insurance Rate
$5,000$623
$2,000$708
$1,500$792
$1,000$880
$500$967

Types of Homeowners Insurance Coverage Available for San Diego Residents

Homeowners in San Diego need to be aware of the different coverage options available to them. These are: 

San Diego Home Insurance types and Coverage 

Homeowners insuranceWhat is covered
HO-1 (Basic Plan)
  • It is the most basic insurance coverage available to homeowners in San Diego.
  • This basic plan covers natural disasters such as volcanic eruptions, storms, wind, lightning, and fire.
  • Theft of property is covered.
  • Damage to properties from a vehicular collision is covered
  • Damage from any civil disturbances and Explosion
HO-2 (Broad Plan)
  • This plan covers damages to personal properties and the structure of the house.
  • It also covers damage from falling objects, snow, or sleet.
  • It covers pipe damage caused by extreme temperature.
  • It also protects against damage to household systems from electrical currents generated artificially
HO-3 (Special Plan)
  • It is the common choice among homeowners in San Diego
  • HO-3 covers all damages apart from the ones excluded in the policy coverage
HO-4 (Tenant’s Plan) 
  • This policy is for renters
  • The tenant plan covers personal property as HO-2 and liability but not the structures of the building
  • It may include loss of use coverage
HO-5 (Comprehensive Plan) 
  • This is the best homeowner insurance available for homeowners
  • HO-5 covers the total cost of repairs as well as the cost of the damaged properties; this is unlike HO-3 that only covers the cost of damaged properties
  • HO-5 offers more comprehensive personal property coverage.
HO-6 (Condo Plan)
  • The condo plan is for condo owners in San Diego.
  • This condo owner’s plan covers only ceilings, floors, walls, personal property, and liabilities.
HO-7 (Mobile home Plan)
  • A mobile home plan is for owners of mobile homes
  • It covers a stationary, mobile home; you have to get additional coverage if you intend to move the home somewhere.
  • It has the same basic Coverage as HO-3
HO-8 (Older home Plan)
  • This plan is for old houses in San Diego
  •  considered as landmarks or registered as historical homes
  • This policy offers the same Coverage as HO-1
  • The homeowner is not allowed to upgrade the house to make it eligible for HO-3

Best Home Insurance Companies in San Diego

One of the factors you should consider when shopping for homeowners insurance in San Diego is the price. However, another important factor to put into consideration is the financial stability of the insurer you choose to go with. Financial stability ratings will determine a company’s ability to pay claims. So, make sure you check the AM Best Rating and the JD Power Ranking of your insurer before purchasing your home insurance policy with them. 

Best Insurance Companies in San Diego Based on AM Best Ratings and JD Power Rankings 

Home Insurance CompanyAverage Annual Rate for $250K DwellingJ.D. Power Customer Satisfaction ScoreAM Best Rating
The Hartford$1,215843/1000A+
CSAA Insurance Group$807832/1,000A
Allstate$1,233838/1000A+
State Farm$802837/1000A++
USAA$671898/1000A++

Special Considerations for Natural Disasters and Homeowners Insurance in San Diego

The San Diego region is prone to occasional tremors and threats like flooding in the low-lying areas and in recent years a rise in drought-caused wildfires. If your home is in an area at a high risk of wildfire, your dwelling cost could increase. 

However, if your home is in an area at a high risk of flooding, you can bear in mind that the federal government usually provides flood insurance. 

Also, many homes in San Diego have backyard pools. Residents in homes with pools should be aware that a basic homeowners’ insurance policy does not cover injuries in or around the pool. 

Top Home Insurance Agents Near San Diego, CA

Homeowners Insurance Agents Near San Diego, CAAddress of Agents
San Diego Insurance4411 Mercury St #105B, San Diego, CA 92111
Prosper Insurance Solutions7710 Balboa Ave #323, San Diego, CA 92111
Einhorn Insurance Agency3333 Midway Dr #1, San Diego, CA 92110
AIS Insurance Specialists of San Diego3131 Camino Del Rio N #100, San Diego, CA 92108
Farmers Insurance – Amy Hallquist4241 Jutland Dr Ste 302, San Diego, CA 92117
Scripps Insurance Services10650 Scripps Ranch Blvd #128, San Diego, CA 92131, United States
McCormick Insurance Solutions1437 Morena Blvd # 201, San Diego, CA 92110, United States
Nationwide Insurance – Richard Turner Insurance Agency3443 Camino del Rio S #221, San Diego, CA 92108, United States

Does Bundling Insurance Policies Reduce Homeowners Insurance Costs in San Diego?

Bundling your San Diego auto insurance and homeowners insurance through one insurance company is one sure way to save money. Bundling policies will save you a substantial amount each month compared to when you insure with separate companies. So, by bundling your insurance policies, you could save up to 17% annually on insurance rates. 

Cheapest Auto and Home Insurance Premiums with Bundling in San Diego

CompanyAverage Annual Rate
GEICO$1,463
Mercury$1,607
Farmers$1,922
State Farm$1,990
Allstate$2,320

Additional Resources for Homeowners insurance residents in San Diego

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San Diego, CA Homeowners Insurance FAQs

USAA, Mercury, AAA, AmTrust NGH, and Nationwide insurance companies have the lowest prices among other home insurers in San Diego. So, as a homeowner living in San Diego, take a look at any of these insurance companies for the cheapest rates from trusted insurers.

The average cost of homeowner insurance in San Diego is $1238, making San Diego one of California’s best cities to insure your home. That rate is lower than the average national homeowners’ insurance cost of $1568 and lower than the average of $1838 most homes pay in California. So, homeowner insurance coverage is relatively cheap in the city of San Diego.

The answer to that question depends on the perspective from which you view it. If you observe it from the perspective of companies that offer the cheapest homeowners insurance rates, then USAA, Mercury, AAA, AmTrust NGH, and Nationwide are some of the best. But if you want to save money by Bundling your auto insurance and homeowner insurance, then GEICO, Mercury, Farmers, State Farm, and Allstate insurance companies are the best.

In San Diego, if you carry a dwelling coverage of $200k, your average rate will be at about $900, while if you have a dwelling coverage cost of up to $400k, your rate can rise to $1,300 annually.

The rule of thumb is that the lower your deductible, the higher the premium you pay and vice-versa. Therefore, if you aim to pay a lower premium, it’s best to choose a higher deductible. Also, Bundling your auto insurance and homeowners insurance through one insurance company is another sure way to save money. Bundling will save you a substantial amount each month compared to insuring home and auto with separate companies.

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