HomeInsuranceQts

Home Insurance in California

Homes in California carry a median value of $734,700.

The typical home in California was built around 1976. About 27% of homes were built before 1960. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them.

In California, the housing stock is 64% single-family homes, 24% apartments in buildings with 5+ units and 4% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.

About 67% of owner-occupied homes in California have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.

California has an owner-occupancy rate of 56% and a vacancy rate of 7%; unoccupied homes typically need a different coverage form.

61% of homes in California are primarily heated with natural gas.

The statewide average premium for a standard HO-3 homeowners policy in California is $1,655 per year, according to the NAIC homeowners insurance report (2023 data).

Key figures

Median home value$734,700
Median year built1976
Owner-occupied share56%
Share of owner-occupied homes with a mortgage67%
Home insurance premium$1,655 - statewide average (NAIC, 2023 data)

Counties

Sources