San Francisco, CA Homeowners Insurance

San Francisco is a financial and cultural center of the western United States and is one of the world’s most cosmopolitan cities. San Francisco is an elegant, extraordinary, worldly seaport with steep streets that offer spectacular views of the San Francisco Bay area. 

San Francisco is famous for its Golden Gate Bridge, Alcatraz. The region is at the forefront of global technology and is a leader in many key competitiveness indicators. San Francisco has a population of over 880,000 and a homeownership rate of just 37.6%. 

Buying a home will probably be one of the most significant financial investments of your lifetime. However, with such great investment comes great risks. The initial step to moderating these risks and safeguarding your property is by using homeowners insurance. Alongside your personal belongings, homeowners insurance protects your home against vandalism, natural disasters, liability for injury on property, or robbery.

As of 2021, the average homeowners insurance premium in San Francisco costs $1,102 per year, and the median home value is $1,167,000. Finding affordable home insurance in San Francisco starts with comparing and evaluating different insurance quotes provided by various insurance companies.

How Much Does Homeowners Insurance Cost in San Francisco? 

Homeowners insurance rates: San Francisco Vs. State Vs. National Average

San Francisco Annual AverageCalifornia AverageUnited States Average
$1,102$1,868$1,548

What Are The Cheapest Home Insurance Companies in San Francisco? 

San Francisco homeowners insurance rates vary from one company to another. The lowest-priced homeowners insurance in San Francisco is offered by Mercury, with an average rate of $602 per year, which is much cheaper than the $1,240 average for San Francisco.

Find the best home insurance policy for you by evaluating the most affordable home insurance companies in San Francisco highlighted below.

San Francisco Homeowners Insurance Cheapest Rates by Company

CompanyAverage Annual Rates
Mercury$602
Allstate$724
Hippo$802
Stillwater$807
State Farm$823
Safeco$976
Nationwide$1,002
Travelers$1,174
MetLife$1,480

Average Homeowners Insurance Rates by Coverage level in San Francisco

Your coverage level and property value contribute to your individual homeowners insurance rate in San Francisco. In San Francisco, carrying a $200k dwelling coverage will cost you an average of $647 per year, while carrying a dwelling coverage of up to $400k can cost you as much as $1,342 annually. 

San Francisco Home Insurance Rates by Coverage Level 

Dwelling Coverage levelAverage annual premium
$100,000 $402
$200,000 $647
$300,000$893
$400,000$1,342

San Francisco Home Insurance Rates by ZIP Code

Homeowners insurance cost varies depending on which part of San Francisco your property resides. Policies are most times influenced and determined by the kind of neighborhood you live in.

Crime rates, fire risks, and proximity to emergency services, such as fire and police stations, may affect the danger level of some areas of San Francisco and such conditions have the potential to push up insurance premiums in certain neighborhoods. The lowest-priced home insurance rates in San Francisco are available in the Zion District. 

Home Insurance Rates in San Francisco by ZIP Code

ZIP CODENEIGHBORHOOD NAMESAVERAGE ANNUAL PREMIUM
94115Zion District$725
94116Parkside$775
94109Polk Gulch$950
94112Mission Terrace$975
94131Diamond Heights$1,000
94127Westwood Highlands$1,475
94110Inner Mission$1,500
94124Hunters Point$1,600
94117Buena Vista Park$1,650
94122Central Sunset$2,075

San Francisco Homeowners Insurance Rates by Deductible Level

Homeowners  have a range of options to choose from in San Francisco for their homeowners insurance, including how high or low to set their deductible. A deductible is an amount that the insured is responsible for paying towards an insured loss. Choosing the right deductible level plays a major part in how much you pay for your coverage.

When you consider your deductible, a good rule of thumb is that the lower the deductible, the higher the premium. This suggests that those wanting reduced homeowners insurance premiums in San Francisco may want to consider a higher deductible. It’s worth noting that the deductible should only be as high as you can possibly afford.

Highlighted below are the usual deductibles charged by home insurers in San Francisco and the figures of average homeowners’ insurance premiums.

Home Insurance Rates By Deductible In San Francisco

DEDUCTIBLE ($)Average Annual Rates
5000$614
2000$728
1500$806
1000$837
500$953

Types of Homeowners Insurance in San Francisco

  • Dwelling:  Caters for the cost of rebuilding or repairing your home’s exterior and interior structures.
  • Personal Property: Caters for the replacement of personal belongings, such as furniture, electronics, and clothing
  • Liability insurance: Coverage to defend you in lawsuits should you be held criminally liable for injuries or harm to goods or to anyone else.
  • Additional living expenses: If your home is temporarily uninhabitable, this coverage can allow you and your family to find alternative accommodation.
  • Medical Payments to Guests: Caters for the medical expenses if someone incurs injury in your home

Best Homeowners Insurance Companies in San Francisco

Pricing is an important factor when deciding on the insurance company to use for your San Francisco homeowners insurance policy. However, another important factor you should consider is the company’s financial stability. This will determine the company’s capability to pay insurance claims. So, before deciding upon an insurance company, ensure you check the AM Best Rating and the JD Power Ranking of the insurer so you can have peace of mind in case of a disaster. 

Best Cheap Home Insurance Companies in San Francisco Based on AM 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$807832/1,000
Allstate$1,233838/1000A+ 
State Farm$802837/1000A++ 
USAA$671898/1000A++ 

Major Natural Disaster Risks for Homeowners in San Francisco

Most homeowners insurance policies in San Francisco cover  vandalism, fire, theft, and wind damage. Considering the relatively high property crime rate in San Francisco, basic coverage for your home will come in handy. 

However, San Francisco homeowners also need to insure their properties against wildfires, earthquakes, and flooding. With water edging on the ocean, San Francisco faces the risk of flooding despite its hilly terrain. 

In 1989, San Francisco experienced a major earthquake. It damaged offices, homes, and other structural buildings. The total damages recorded were over $5 billion. For this reason, you should be sure your homeowners insurance policy covers damages from any of these natural disasters.  

Top Home Insurance Agents in San Francisco, CA

Homeowners Insurance Agents Near San Francisco, CAAddress of Agents
Phil Bertetta – State Farm Insurance Agent3524 Geary Blvd, San Francisco, CA 94118
Express Service Insurance2085 Van Ness Ave, San Francisco, CA 94109
Dave and Jake – State Farm Insurance 821 Folsom St #101, San Francisco, CA 94107
Dawn Prince: Allstate Insurance655 14th St, San Francisco, CA 94114
Riskguard Insurance Solutions422 Presidio Ave, San Francisco, CA 94115
David Chacon – State Farm Insurance3425 25th St, San Francisco, CA 94110
Jessica Lui Insurance Services3428 Balboa St, San Francisco, CA 94121
Sam & Associates Insurance Agency: Allstate Insurance2225 Taraval St, San Francisco, CA 94116
Farmers Insurance – Jason Glee2308 Clement St, San Francisco, CA 94121

Can I Save On Homeowners Insurance in San Francisco by Bundling? 

One strategy for reducing your San Francisco home insurance rates is by bundling several insurance policies with the same company. Bundling home insurance with auto or life insurance can lead to discounts and special offers that can save you money. Insurance providers love when consumers buy several insurance policies. Most insurers credit their customers for their commitment to savings. Speak to our agents at Insurance Online for more information. 

You can also visit our home insurance comparison tool for comparing homeowners insurance rates in San Francisco. All you need to do is type your details and request information, and you’ll get free home insurance quotes in minutes. It’s just that easy!

Homeowners Insurance Resources for San Francisco Residents

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San Francisco, CA Homeowners Insurance FAQs

Due to the rise in cases of natural disasters, including earthquakes, fires, and heavy winds, San Francisco home insurance companies, particularly those in fire-prone areas and along the coastline, may have higher-than-normal home insurance rates. 

The easiest way to figure out how much coverage you will need is to perform an estimate in addition to consulting with your insurance agent. Keep in mind the insurance company’s valuation could be different from the real market value of your property. When the calculation is done, you can have a clearer idea of how much security is required to secure your investment. Make sure you that your homeowners insurance policy covers natural disasters that have potential to occur in San Francisco.

A home insurance deductible is an amount that you plan to pay out-of-pocket for damages due to the insured liability’s settlement under the insurance company. For example, if you have a deductible of $250 and your home collects $5000 in damages, your insurance will reimburse $4750, which is the sum that exceeds your deductible.

Bundling with auto insurance means that you buy multiple insurance policies like home insurance and auto insurance under one insurer. In the end, you’re sure to save money by bundling. Speak to your insurance provider for incorporating bundling discounts.

Several aspects influence how much you pay for your homeowners insurance in San Francisco, which could include:

  • Installing safety equipment, such as smoke detectors, fire extinguishers, fire alarms, etc.;
  • Adjusting your insurance options, such as raising your deductible, adding an auto scheme, or modifying coverage options;
  • Use insurance-friendly building materials, such as concrete or tile roofs.

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