Home Owners Insurance
Despite some extreme events, homeowners insurance premiums in California are relatively low compared to other coastal states. California residents pay an average of $966 per year for HO3 coverage, the most widely available policy, compared to $1,822 on average in Louisiana and $2,115 on average in Florida. But while a lower average premium may give homeowners a break, comparatively, California’s unique geography and risk of catastrophic events can have a big impact on individual premiums. If you’re insuring a home on a cliff or near the beach, for example, your premiums could be higher. The best way to tell is by getting quotes for your home and your area from a handful of providers.