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California pays 17% cheaper home insurance, but…

November 15, 2022


Homeowners in California may be paying some of the lowest home insurance rates when compared to the rest of America, but a new guide published by insurance quote comparison site reveals that there are a lot of strings attached to such deals.

According to, the average monthly premiums in California are $84 – lower than the national average of $101. Other California-specific findings of the insurance comparison site include:

  • State population – 39,512,223
  • Median Home Price – $492,080
  • Homeownership Percentage – 54.80%
  • Biggest Home Insurance Company – State Farm
  • Average Annual Rate $1,008
  • Direct Premiums Written Annually – $8,365,295
  • Homeowners Insurance Incurred Losses – $56,835,067

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