Riverside, CA Homeowners Insurance Quotes (2024)

Riverside, CA Homeowners Insurance

Riverside is the most populous city in California ’s Inland Empire, and it’s clear to see why. The city’s affordability alone makes Riverside a great Southern California city to call home. With a downtown atmosphere distinguished by the historic Mission Inn, great educational opportunities for all ages, and a quick drive to many of Southern California ’s attractions, the City of Arts and Innovation might make you consider staying a while and raising a family.

But owning a home in Riverside comes with its downsides, too. The city is prone to flooding, and California ’s wildfires continue to close in on the desert town. Not to mention, Riverside ’s property crime rate is higher than the statewide and national averages.

While home insurance can’t stop these perils from coming, it can help you save on expensive repair costs and give you peace of mind that your family is covered in case of an emergency. Use Insurify’s home insurance comparison tool to see insurance companies, coverage options, and insurance quotes in your area. That way, you can find the best home insurance in Riverside in just a few minutes with no hassle and no headaches.

Cheapest Home Insurance Companies in Riverside

For homeowners in Riverside, it's important that you evaluate all of your potential insurance options to ensure you are finding the best rate. Comparing the right insurance companies will allow you to get the best possible insurance rate for your home.

To simplify comparing companies, Insurify has analyzed rates from top insurance providers in Riverside. The following are the best insurance rates from carriers that offer homeowners insurance in Riverside.

How to Find Cheap Home Insurance in Riverside

Riverside ’s median home value is over $450,000, so buying a home in the Southern California city will cost a pretty penny. With risks like floods, wildfires, and even occasional earthquakes, protecting your Riverside home isn’t just important—it’s necessary.

But protecting your Riverside home with a home insurance policy is a no-brainer. You aren’t legally required to purchase home insurance, but a homeowners policy provides more than just property insurance. Homeowners insurance will protect your home, property, personal belongings, and even your family after natural disasters and vandalism. Plus, an insurance policy will offer liability protection, which can help pay for legal fees or medical expenses if someone is hurt on your property. And you don’t need to worry about overpaying for protection since your insurance services are catered to your insurance needs.

Keep reading for a full guide on Riverside home insurance.

Cheapest Home Insurance in Riverside by Company

Homeowners insurance rates aren’t always designed with savings in mind. That’s where Insurify comes in. Our free home insurance comparison tool allows you to find the best policy for the best rate fast. And your information stays private and protected.

As of 2020, the average home insurance premium in Riverside costs $859 annually, and the median home value is $461,695.

Home insurance in Riverside is pretty affordable. But before you splurge on the most expensive coverage you can find, keep in mind that home insurance policies have certain exclusions. That means you’ll probably need a few additional policies to completely protect your home.

Comparing home insurance providers is an important part of your search for a home insurance policy, too. Whether you purchase a policy with a national company like State Farm or Allstate or decide to go with a local insurance agency, it’s important to choose an insurer that offers great customer service and provides affordable insurance products that match your needs.

Cheapest ZIP Codes in Riverside for Home Insurance

Your specific home insurance rate will depend on factors like the age of your home, your credit score, and even your set deductible. But the neighborhood you live in could also play a key factor in your annual premium.

Home insurance rates are based on ZIP code–specific variables, like natural disaster risk, property crime, and your area ’s home values. That’s why homeowners in Arlington, La Sierra, and Woodcrest typically pay less for their annual premiums than homeowners in Orangecrest and Mission Grove, even though they’re only a few roads apart.

Rates in Riverside are relatively low compared to the national average, but your specific insurance premiums depend on the neighborhood, and even the street, where you live.

Home Insurance Coverage Types in Riverside

There are several types of home insurance. Specific terms of insurance policies may vary by city, but in general, the standard policy types are as follows:

Keep Your Riverside Home Covered with Flood Insurance

Flooding is the most common natural disaster in Riverside, but flood damage is excluded from home insurance coverage. Whether your home is located in a flood zone or not, flood insurance will cover your home and personal belongings in case of water damage.

You can purchase a flood insurance policy from your private insurer or through the Federal Emergency Management Agency’s flood insurance. Riverside County participates in the National Flood Insurance Program (NFIP), which provides insurance to high-risk homes and homes in unincorporated areas of the county.

When purchasing a flood policy, make sure your coverage includes damages to the structure of your home as well as your personal belongings. This coverage can cost anywhere from $100 to $700 per year but will come in handy if your Riverside home sustains flood damage.

Finding Fire Insurance in Riverside

Riverside didn’t experience as many wildfires this year as its neighbors like San Bernardino, Fontana, Moreno Valley, and Corona, but the city is still at risk for wildfire damage each year. Your home insurance covers fires, but you have options if you’re concerned about your coverage.

The first option is to purchase a comprehensive home insurance policy (aka an HO-5 policy). This, as its name suggests, offers more complete coverage than basic or special form policies. Plus, it offers replacement cost coverage. Since many homeowners policies offer actual cash value coverage, they only reimburse you for the value of your items prior to becoming damaged, also known as the depreciated value. Replacement cost coverage will ensure that you are reimbursed for the full amount necessary to completely repair or replace your home and personal belongings. That’s true whether you’ve suffered a loss due to a fire, home burglary, or any other peril not excluded by the policy.

Another option is to purchase a fire insurance policy. Fire insurance will help pay for your damaged home or belongings. And it provides additional living expenses coverage in case your family needs to stay in a hotel while your home is repaired. These policies fill the gaps where your standard homeowners coverage falls short but will only pay to repair damages caused by fire.

If you’re having trouble securing a fire insurance policy, the California FAIR Plan provides basic fire insurance to homeowners who don’t qualify for private insurance coverage.