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.
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.
Many reliable home insurance companies serve Riverside. The best home insurance company for you will depend on your situation and needs.
Here, you can see how some of the top insurers in the area stack up against one another.
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.
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.
Longstanding history; founded in 1887
Cheap home insurance rates
No Better Business Bureau accreditation
Lower J.D. Power rankings than other military-friendly insurers
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.
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
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.
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.
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.
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.
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.
Some of the biggest risks of owning a home in Riverside include:
If you still have questions about how to find the most affordable home insurance in Riverside, consult the additional information below.
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.
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.
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.
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.
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At Insurify, our goal is to help customers compare insurance products and find the best policy for them. We strive to provide open, honest, and unbiased information about the insurance products and services we review. Our hard-working team of data analysts, insurance experts, insurance agents, editors and writers, has put in thousands of hours of research to create the content found on our site.
We do receive compensation when a sale or referral occurs from many of the insurance providers and marketing partners on our site. That may impact which products we display and where they appear on our site. But it does not influence our meticulously researched editorial content, what we write about, or any reviews or recommendations we may make. We do not guarantee favorable reviews or any coverage at all in exchange for compensation.
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 |
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 |
Coverage Limit | Average Annual Premium |
|---|---|
| $100,000 | $930 |
| $200,000 | $1,359 |
| $300,000 | $1,782 |
| $400,000 | $2,234 |
| $500,000 | $2,644 |
Deductible Amount | Average Annual Premium |
|---|---|
| $500 | $2,023 |
| $1,000 | $1,940 |
City | Average Annual Premium |
|---|---|
| Norwalk | $2,078 |
| Riverside | $1,940 |
| Sacramento | $1,517 |
| San Diego | $1,488 |
| San Francisco | $1,785 |
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