Get Riverside, CA Home Insurance Rates!

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Are you looking for a new homeowners policy in Riverside, CA? While shopping for homeowners insurance is never fun, we can help make the process simple and easy. Our site lets you shop up to 12 competitive homeowners insurance rates all at once, so you can find a brand new policy without leaving the comfort of your own home.
The insurance companies we work with are top rated carriers who offer a wide variety of coverages and policy choices so you can be confident that your home is fully protected at a price you can afford.

We can help you shop a wide variety of insurers quickly and easily. Let us help you review and compare Riverside home insurance rates today, enter your zip code above to start a free online quote or give us a call now.

A Few Facts about Riverside, CA Home Insurance Rates

Home insurance cost around $1,241 per year on average in the Riverside area which is slightly more than the national average of $1,311 .

While homeowner rates are fairly affordable in the Riverside area, everyone loves to save a bit of money. Our site can compare rates and coverage options from a wide variety of insurance companies and in many cases, we can help you SAVE up to 40% or more on your current premium, while also making sure your home is fully protected.

We only work with national insurance companies that offer the highest quality polices at reasonable prices. When you use our site to shop for a new policy, you can see all the enhanced coverage features, deductible options plus home insurance discounts to make sure you are fully covered at a reasonable price.

Riverside, CA Demographics

The city of Riverside has over 303,871 residents. There are 91932 occupied homes within the city of Riverside. The average family household in Riverside is 65615.

  • Riverside City Population: 303,871
  • Total Occupied Homes in Riverside: 91932
  • Family Households (families): 65615
  • Average Home Size: 3.30
  • Average Family Size: 3.67
  • Total Housing Units: 98444

Home Values in Riverside and Coverage Options

With the home prices in Riverside going up, what are my home insurance coverage options? This is a popular question we are hearing from our customers and we are so glad we can help them. Although, insurance coverage in Riverside is not always about price, it is important to always consider the right coverage for your home. If your home has greatly increased in value, make sure you have the correct replacement cost to coverage your home. Here is some more information about home replacement cost estimates and values.

Another great thing about living in Riverside is that houses are very affordable with the median price for a home running about $364,477. When shopping for homeowners insurance there are a number of different types of policies you can choose from to protect your home. Here is a quick rundown of the different types of insurance policies:

Dwelling Fire: This is a very basic, no frills homeowners policy. It offers extremely limited protection, only covering damage done by fire and smoke. You may be able to add wind, explosion, and vandalism damage to the list of covered perils.

This is usually the cheapest homeowners policy you can purchase because it offers such limited coverage. Dwelling Fire coverage is only a good idea if you have a home that is sitting empty.

HO-2: This policy is also called a named perils policy. In the policy wording it names all of the perils that are covered by the policy. If your home is damaged or destroyed by a peril not on that list, it is not covered.

While the perils named in these policies make up almost 90 percent of all homeowner insurance claims, there are perils that are not covered which leaves the chance that you could experience damage that is not covered, leaving you on the hook for those costs.

HO-3: This is considered the standard when it comes to homeowners insurance and is the most common type of homeowners policy in the market. These policies are typically referred to as “all risk” or “named exclusions” as they cover all perils except those that are specifically excluded in the policy wording. These are the most common policies that we sell and they offer robust coverage at an affordable price.

While the wording can vary between policies, most HO-3 policies list the following exclusions:

  • Ordinance of Law
  • Earth movement
  • Governmental Action
  • Nuclear Hazard
  • Power failure
  • War / military action
  • Water (Flood)
  • Inherent defects
  • Vermin

HO-4: These policies are designed specifically for renters. They are more commonly called renters insurance. These policies protect the possessions in your apartment or other rental as well as offering liability protection. An HO-4 can be used regardless of whether you are renting an apartment, condo, home or townhome. These policies are named perils policy. It covers the same 16 perils as the HO-2. Renters insurance is very affordable and is a must have coverage if you rent.

HO-5: These policies expand the coverage offered by a HO-3 policy and are typically written on more upscale, newer homes. These policies may not be available on older homes.

An HO-5 policy offers higher coverage limits for both the home and your possessions which makes them a great option for higher value homes. If you live in a home that qualifies for a HO-5 policy, they offer some of the best protection available.

Compare Homeowners Insurance Rates in Riverside, CA!

Enter your Zip Code:    

Get up to 12 competitive Riverside, CA homeowners insurance rates all in one place!

Enter your Zip Code:    
Easily compare up to 12 competitive Riverside, CA rates all in one place!

Servicing Riverside, California Home Insurance Quotes & Coverage

The carriers we offer for California homeowners have an "A+" A.M. Best rating and our Riverside agents have been working with these carries since 2007. Our insurance experience provides the best service when it comes to working with you so we can provide a coverage plan that works best for you. Our California customers value our service and depend on us to help them with all of their insurance needs, that also includes auto and life insurance as well. As a homeowner in California shopping for online rates and coverage options can be a confusing task, that's why working with our Riverside, CA agent will give you the outstanding service you need to find the coverage you can understand and afford. Our top rated carriers include Farmers, Safeco, First American, Travelers, Liberty Mutual, Chubb, Foremost, Pacific Select Property and many more. Because we know that homeowners insurance is not always about the lowest price, it's important to find affordable coverage that you know and trust. Take advantage of our online services and let us help you find the Riverside, CA insurance coverage that you need. Submit an online home insurance quote today!

Average Rates Nearby Riverside

Are you looking for homeowners insurance in a city near Riverside? Review coverage options and average rates in your area by clicking your city below. We can help you shop home insurance rates!

Home Insurance Rates by Zipcode in Riverside, CA

Easily review average rates and get multiple homeowners insurance quotes by clicking your zip code below located in Riverside.

92501,     92503,     92504,     92505,     92506,     92507,     92508,     

Riverside, CA Home Insurance Average Premiums

Local Riverside, CA home insurance quotes comparison

$678 /yr.

Shows Riverside's lowest average rates with discounts applied.

For the city of Riverside, homeowners insurance rates may vary on deductible, coverage amount and property details. Below is a list of the averages based on the cost of an annual home insurance premium.

Coverage Amount:Annual Premium
1800 sq. ft. or below
(discounts applied)		$678 /yr.
Average Coverage:$928 /yr.
2600 sq. ft. or higher
(all discounts applied)		$1228 /yr.

What is the average home insurance cost for a home in Riverside, CA?

  • • The average homeowners insurance premium paid annually for a home in Riverside is around $928 per year.

What does it cost on average per month for home insurance in Riverside, CA?

  • • Homeowners in Riverside pay an average cost per month around $77.00 for insurance coverage.

Riverside, CA Coastal Wind, Hail & Flood Information

Riverside is located in a coastal county which greatly increases the risk of hurricanes and windstorms. Our quoting process will include wind and hail coverage options to give you the best protection you need against high winds and storm damage.

Riverside, CA - 2023 Housing Information

Month Current Home Value (2023) Last Year Home Value (2022)
January $592,219 $561,909
February $587,733 $570,811
March $585,237 $580,837
April $584,915 $590,960

Homeowners insurance will help cover the cost to repair or replace your Riverside home if it is damaged or destroyed by a covered peril, up to your coverage limits. A homeowners policy is made up of a few different coverages. Here are the most common coverages:

  • Dwelling: This coverage will pay to repair or replace the structure of your home if it is damaged or destroyed. Review and Calculate Replacement Cost Coverage in Riverside
  • Liability: This coverage will help cover medical and legal bills if someone is injured in your home, slipping on an icy sidewalk for example. It also offers protection if you damage another person’s property, your child hitting a baseball through a neighbor’s window for example.
  • Contents: This covers the cost to replace your personal possessions that are destroyed by a covered peril. Furniture, electronics, clothing and household goods are excellent examples. Contents coverage is often capped at 50% to 70% of your dwelling coverage.
  • Other Structures: This coverage protects other structures on your property such as detached garages, outbuildings, barns, and sheds.
  • Loss of use: This covers everyday costs that you incur if you cannot live in your home while it is being repaired due to a claim. It will pay hotel and restaurant bills and even the cost of dry cleaning.
Enter your Zip Code:    

Get up to 12 competitive Riverside, CA homeowners insurance rates all in one place!

Enter your Zip Code:    
Easily compare up to 12 competitive Riverside, CA rates all in one place!

Saving Money Tips on Riverside Home Insurance

A great way to save money on Riverside homeowners insurance is to make sure you are getting all the discounts you are qualified to receive. Here are just a few of the most common discount’s insurers offer:

  • Bundling: If you purchase your home and auto (or any other insurance coverage) from the same insurer, you should get a bundling discount. Expect to save 20%-25%.
  • Secure your home: Adding a monitored security system, water leak sensors, deadbolts, and smoke detectors should result in a discount.
  • Impact resistant roof: If you are replacing your roof, consider impact resistant roofing materials which help prevent hail and impact damage as well as resulting in a significant discount.
  • Stay claim free: If you have been claim free for a number of years (five is a common requirement) your insurer should offer a claim free discount.

Are you shopping for the best rate near or wihin the Riverside area? Check out what homeowners are paying on average for California homeowners insurance.

Elevation Review for Coastal Wind or Flooding Risk

Elevation Details Homeowners Tips
1056 ft. This is the average home elevation in Riverside, CA

» Elevation is crucial to a homeowners insurance policy because it determines the risk of your home being in a flood zone which is particularly important in a coastal state such as Riverside, California.

A standard homeowners policy does not cover flood damage. If you live in a flood prone area, you will need to purchase a separate flood to fully protect your home.

Call Now for Flood Insurance Quotes: 888-620-1954!

Flood insurance can be purchased via the National Flood Insurance Program (NFIP) or in the private market. NFIP policies come with coverage caps and other restrictions so you may need to supplement your flood insurance coverage with a private market policy.

It's important to remember that flooding occurs in low and moderate risk areas as well. According to FEMA data, almost 25% of all flood claims come from low to moderate-risk areas.

To get online quotes on your home and compare rates on home insurance premiums in Riverside, enter your zip code above and easily complete our online quoting application. Remember, it's important to speak with us about additional home insurance discounts so you can get the best rate for your home in Riverside County.

California Homeowners Insurance News & Information

  • Why Are Homeowners Insurance Premiums Rising in 2024? Posted on Tuesday 9th July, 2024

    As insurance rates rise at unprecedented rates, homeowners are cutting back on groceries, travel, dining out, and even medication to afford the cost of their insurance premiums. In even more shocking news, 1 in 10 homeowners are even consider moving to an area with lower premiums, according to a recent survey by Claimguide. According to […]

  • Largest Insurer in California – Travelers Announces Home Insurance Rates Going Up 15% Posted on Monday 20th May, 2024

    Travelers Insurance, which is one of the largest insurers in California, recently announced that they will be raising premiums by an average of 15% in the Golden State. This is just the latest rate increase or policy limitation by major insurance companies who blame the increases on spreading wildfire risks, inflation, and the cost of […]

  • 2024 Average Homeowners Insurance Rate at $2,777 per year  Posted on Tuesday 20th February, 2024

    A recent report by Insurance.com, found that the average homeowners insurance rate in the U.S. came in at $2,777 per year which breaks down to $231 a month. The average was based on coverage levels of $300,000 in dwelling and liability and a $1,000 deductible. When Insurance.com ran the numbers, Oklahoma was the most expensive […]

  • What exactly is a FAIR Plan? Posted on Tuesday 2nd January, 2024

    If you live in an area where severe weather is common, or wildfires pop up every summer you may have trouble finding affordable home insurance coverage. If homes in your area are repeatedly damaged or destroyed by a covered peril, insurers may pull out of the entire area, refusing to write policies in your neighborhood. […]

  • 2024 Homeowners Insurance Outlook Receives Negative Rating Posted on Tuesday 21st November, 2023

    The insurance news for 2024 is certainly not great. Experts expect that extreme weather and increasing costs will push up insurance costs and make insurance companies more selective when deciding where they will write policies.  Recently, credit rating agency AM Best downgraded the entire home insurance industry from stable to negative. According to Richard Attanasio, […]

Riverside, CA Dwelling Coverage Estimate

It is important to calculate your dwelling coverage for your home in Riverside so you know what type of homeowners insurance coverage you need to cover your replacement cost. It is recommended to have enough dwelling coverage to rebuild your home if it was destroyed by a covered peril.

Please remember that replacement cost coverage does not include the cost of the land, only the price to rebuild your home, which is why we like to help customers by answering a few questions that you may have.

What is the average replacement cost coverage in Riverside, CA?

- The average square footage in Riverside is around 1,125 Sq. Ft. which would cost you around $364,477 to replace the home if you base the home on the price to build per square foot of $324.

Minimum Replacement Cost Total: $364,477

Location: Riverside, California (Riverside County)

Average Building Cost Per Square Foot in Riverside: $324 (low end)

Average Square Footage in Riverside: 1,125 Sq. Ft.

Home Improvement StatusPrice per Sq. Ft.Dwelling Coverage
None or Very Minor Improvements$324$364,477
Some Additional Upgrades$405$455,596
Major Home Updates or Advancements$486$546,715

The dwelling coverage is calculated by the average cost per square foot ($324) in Riverside, California times your heated square footage. Which would equal the cost to rebuild your home minus the cost of the property or land. Some homes will have a higher replacement cost due to home improvements like updated kitchens and bathrooms. Other upgrades may include: granite countertops, hardwood floors and stainless steel appliances. The national square foot average to build a brand new home is around 2500 square feet. So if you are looking to build, and your square footage of your new home is 2500, you are looking at a dwelling coverage premium of around $1,012,500 (Media price to build of $405 x 2500 sq. ft.) to cover the cost to rebuild your new home.

What is the difference between actual cash value and replacement cost value?

Homeowners insurance is available in both actual cash value (ACV) and replacement cost value (RCV). Knowing the difference is important:

Actual cash value: When valuing your personal possessions, an actual cash value policy will take depreciation into account. This means that your 10-year-old TV will be basically worthless according to your insurance company. While an ACV policy tends to be cheaper, if you have to make a claim you may be disappointed in your claim payout.

Replacement cost value: A RCV policy will replace your possessions with brand new items of similar quality regardless of how old they were at the time they were destroyed. While RCV policies are slightly more expensive, they are well worth the cost if you have to make a claim.