20+ years in insurance and personal finance content creation
Contributor to top brands like USA Today
John specializes in insurance, personal finance, real estate, and health and wellness. In 2022, he authored a guide on content marketing for beginners.
Chris SchaferDeputy Managing Editor, News and Marketing Content
15+ years in content creation
7+ years in business and financial services content
Chris is a seasoned writer/editor with past experience across myriad industries, including insurance, SAS, finance, Medicare, logistics, marketing/advertising, and many more.
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Riverside residents pay more for home insurance than homeowners in many other California cities, though residents in Los Angeles and San Francisco pay higher rates. The average Riverside homeowner pays $2,023 per year for $300,000 in dwelling coverage with a $1,000 deductible.
Allstate, Armed Forces Insurance Exchange, and First American Insurance provide the cheapest coverage in Riverside, but the ideal insurer for you will depend on your unique circumstances.
Here’s what to consider when shopping for home insurance in Riverside so you can secure the most affordable rate.
Quick Facts
For some Riverside residents, home insurance might cost less than $900 per year.
Home insurance rates in Riverside may be high due to the risk of natural disasters such as earthquakes, floods, and wildfires.
A policy with $500,000 in dwelling coverage might cost more than $2,600 per year in Riverside.
Here, you can see how some of the top insurers in the area stack up against one another.
Insurance Company
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
Average Annual Premium
Best For
Allstate
8.2
$858
Cheapest rates
Armed Forces Insurance Exchange
NR
$893
Military members
Pacific Specialty
NR
$1,048
Earthquake and flood insurance
Mercury
7.6
$1,118
Mobile policy management
Our editorial team spent more than 350 hours developing the Insurify Quality (IQ) Score and scoring insurance companies. The IQ Score objectively analyzes and calculates a score for insurers using more than 15 crucial criteria. The team weighted criteria by importance to the consumer — factors such as customer reviews and affordability influence the score more than availability and third-party ratings.
We rate each company on a 1 to 10 scale based on five categories: financial ratings, customer satisfaction, affordability, customer support and transparency, and availability. Insurify updates ratings once a year or as more recent information becomes available.
Third-party financial ratings: Insurify uses data from AM Best, S&P, Moody’s, and more to compare insurance companies’ credit and ability to pay out future claims.
Customer satisfaction: To calculate this score, Insurify analyzed more than 55,000 customer reviews across 155 car insurance companies. We also consider third-party ratings from J.D. Power, the National Association of Insurance Commissioners, and Trustpilot.
Affordability: Our data scientists analyzed more than 90 million real-time auto insurance rates from our partners across the U.S., as well as available discounts, to calculate an affordability score.
Customer support and transparency: This measures coverage options, ease of claims filing, and the insurer's transparency surrounding discounts, coverages, and claims process.
Availability and reach: Insurify scores availability and reach by identifying the number of states in which insurers offer coverage and company size by market share.
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
8.9/10
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
833
$300,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$68/mo
$500,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$104/mo
Allstate reigns as the cheapest home insurance company in Riverside, barely edging out Armed Forces Insurance Exchange for that distinction. As one of the nation’s largest insurers, you can also rest assured of Allstate’s stability.
Pros
Various available coverage options
Savings of up to 25% when bundling home and auto insurance
Cons
Poor reviews on Trustpilot
Below-average score in J.D. Power’s 2024 U.S. Home Insurance Study
Best insurer for military members: Armed Forces Insurance Exchange
Armed Forces Insurance Exchange caters to activity-duty military members, military veterans, and U.S. Department of Defense employees. That means nearly 117,000 veterans are eligible in Riverside.[1] Combine them with active-duty military members stationed at March Air Reserve Base, and plenty of area residents could benefit from coverage from Armed Forces Insurance Exchange.
Pros
Longstanding history; founded in 1887
Cheap home insurance rates
Cons
No Better Business Bureau accreditation
Lower J.D. Power rankings than other military-friendly insurers
Best insurer for earthquake and flood insurance: Pacific Specialty
earthquake and flood insurancePacific Specialty
Compare personalized, real-time quotes
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
NR
$300,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$87/mo
$500,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$149/mo
Unlike some home insurers, Pacific Specialty enables homeowners to purchase earthquake and flood insurance to supplement traditional coverage. For homeowners in Riverside County, this matters because the threat of earthquakes and floods looms over the region, potentially leading to enormous financial losses for homeowners and business owners.
Pros
Available in all 50 U.S. states
Competitive home insurance rates
Cons
Poor customer reviews on Better Business Bureau website
Higher-than-average score on the National Association of Insurance Commissioners (NAIC) complaint index
Best insurer for mobile policy management: Mercury
mobile policy managementMercury
Compare personalized, real-time quotes
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
8/10
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
827
$300,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$93/mo
$500,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$150/mo
With high ratings in the App Store and Google Play Store, Mercury’s mobile app appeals to many policyholders. The app offers positives such as paying your bill, monitoring claims, and contacting your agent quickly.
Pros
Highly rated mobile app
Competitive home insurance rates
Cons
No Better Business Bureau accreditation
Higher-than-average score on the NAIC complaint index
Cheapest home insurance in Riverside
Allstate offers the cheapest home insurance in Riverside. Its average annual premium stands at $858 for $300,000 in dwelling coverage. Here, you can see the average annual rates that other top companies offer in the area.
Insurance Company
Average Annual Premium
Allstate
$858
Armed Forces Ins Exchange
$893
First American Corporation Group
$1,047
Pacific Specialty
$1,048
CSE
$1,071
Mercury
$1,118
USAA
$1,291
Travelers
$1,360
Nationwide
$1,366
Cost of homeowners insurance in Riverside
The average home insurance customer in Riverside pays $1,940 per year for a $300,000 policy with a $1,000 deductible. But several factors will determine the rate you’ll pay in Riverside, including:[2]
Coverage amount
Deductible amount
Geographic location of your home
Age of your home
Structure of your home
Value of your personal belongings
Find Cheap Home Insurance in Riverside
Compare rates from the nation’s leading insurers
Secure. Free. Easy-to-use.
Based on 3,806+ reviews
4.8/5
Cost of homeowners insurance by dwelling coverage amount
Not surprisingly, the cost of homeowners insurance rises as the amount of coverage rises. In California, the average annual premium ranges from $930 for $100,000 in coverage to $2,644 for $500,000 in coverage. You can get a rough idea of how much your home insurance will cost by multiplying the total square footage of your home by local per-square-foot construction costs.
Here, you can see how average annual premiums differ based on dwelling coverage limits in California.
Coverage Limit
Average Annual Premium
$100,000
$930
$200,000
$1,359
$300,000
$1,782
$400,000
$2,234
$500,000
$2,644
Cost of homeowners insurance by deductible
The average annual home insurance premium with a $500 deductible is $2,023 in Riverside. But when the deductible climbs to $1,000, the average premium dips to $1,940.
This is because you’re taking on more of the risk yourself up front, and raising your deductible might lower your premium by as much as 25% in some cases.
Deductible Amount
Average Annual Premium
$500
$2,023
$1,000
$1,940
How to get cheap homeowners insurance in Riverside
If you’re concerned about the cost of homeowners insurance in Riverside, you can take several steps to lower your premium, including:[3]
Compare quotes. When shopping for coverage, look at rates offered by several home insurance companies, not just one company. Then, consider which option would best fit your needs based on price, coverage, and other factors, such as customer service and available liability protection. You can typically buy directly from an insurance company or through insurance agents or brokers.
Bundle your coverage. You might achieve cost savings if you buy home and auto insurance from the same company. Some companies take 5%–15% off your premium if you buy at least two policies. Just be certain the bundled price is lower than the price you’d pay for coverage from two or more companies.
Improve your home’s disaster resistance. In a hurricane- and flood-prone place like Riverside, you should seek ways to make your home more resilient when it comes to disasters. For example, you might consider retrofitting an older home so it can better withstand an earthquake.
California homeowners insurance rates by city
Homeowners insurance rates differ from one city or ZIP code to another, based on several factors. For example, the average home insurance premium for a policy with a $1,000 deductible is $1,940 in Riverside, but the same policy is $1,488 in San Diego.
Here are some possible reasons for the rate difference:
Some areas, such as Riverside, are more prone to earthquakes than other areas.
Construction costs may be higher in one spot compared to another.
Some homes may be closer to a fire station than others.
Living in a high-crime neighborhood, where theft and vandalism often happen, might lead to higher rates than living in a low-crime neighborhood.
Here, you can see how the average annual premium in several other California cities compares to what you’ll pay in Riverside. All rates are for policies with a $1,000 deductible.
City
Average Annual Premium
Norwalk
$2,078
Riverside
$1,940
Sacramento
$1,517
San Diego
$1,488
San Francisco
$1,785
How much homeowners insurance do you need in Riverside?
State laws don’t require that you buy home insurance. But if you take out a mortgage on your home, your lender will generally require you to buy coverage.
Before you purchase a home insurance policy, be sure you understand what it covers and ensure that the coverage meets your needs. For instance, make sure your policy offers enough coverage if you must rebuild your home if a fire were to destroy it.
Shop for Riverside Home Insurance
Check quotes from 100+ top insurance companies
Secure. Free. Easy-to-use.
Based on 3,806+ reviews
4.8/5
What are some of the biggest risks when owning a home in Riverside?
Some of the biggest risks of owning a home in Riverside include:
Earthquakes
The San Jacinto Fault Zone, capable of producing earthquakes of 7.0 magnitude or higher on the Richter scale, sits even closer to Riverside than the San Andreas fault.[4] In the Inland Empire region of Southern California, which includes Riverside, most people live within 10 miles of an earthquake fault. Homeowners in Riverside and elsewhere may purchase add-on earthquake insurance, as standard coverage doesn’t account for quake damage.
Floods
Some areas of Riverside sit in federally designated flood zones. Most home insurance policies don’t cover flood damage, meaning Riverside homeowners living in flood zones might want to explore buying a separate flood insurance policy.
Wildfires
Wildfires represent a year-round threat in Riverside. Today, the city sits in a “very high” risk area for wildfires, according to the Federal Emergency Management Agency.[5] Fortunately, a standard homeowners policy covers damage caused by wildfires.
Riverside homeowners insurance FAQs
If you still have questions about how to find the most affordable home insurance in Riverside, consult the additional information below.
How much is home insurance in Riverside?
The average Riverside homeowner pays $2,023 per year for a policy with $300,000 in dwelling coverage and a $1,000 deductible. This rate is above the California state average but below the rates paid in major metropolitan areas like Los Angeles and San Francisco.
Which company has the cheapest homeowners insurance in Riverside?
Allstate offers some of the cheapest homeowners insurance premiums in Riverside, at $858 per year. Armed Forces Insurance Exchange and Pacific Specialty also offer affordable rates in the area.
Does Riverside require homeowners insurance?
No. Home insurance isn’t required by law. But if you have a mortgage on your home, your lender will generally require you to carry coverage. This coverage can also help you protect your assets should your home fall victim to fire, burglary, or another covered peril.
Is State Farm writing homeowners insurance in California?
No. State Farm stopped writing business and property insurance policies in California in May 2023. The company still has more than 3 million policies in California but predicts that figure to decline by 1 million or more in the next five years due to financial instability in the California market.
John Egan is a freelance writer and content marketing strategist in Austin, Texas. His specialties include personal finance, real estate, and health and wellness. John’s work has been published by outlets such as CreditCard.com, Bankrate, Forbes Advisor, Experian, Capital One, The Balance and U.S. News & World Report. He is the author of The Stripped-Down Guide to Content Marketing.
John has been a contributor at Insurify since October 2022.
Edited byChris SchaferDeputy Managing Editor, News and Marketing Content
Chris SchaferDeputy Managing Editor, News and Marketing Content
15+ years in content creation
7+ years in business and financial services content
Chris is a seasoned writer/editor with past experience across myriad industries, including insurance, SAS, finance, Medicare, logistics, marketing/advertising, and many more.
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