South Lake Tahoe homeowners pay an average of $1,845 annually for a home insurance policy with $300,000 in dwelling coverage and a $1,000 deductible, which is slightly lower than the state average of $1,965 for the same limits.

Rates are higher in this area because of the risk of wildfires, earthquakes, and flooding. You can get financial protection against these threats (and more) through home insurance and add-on coverages.

Here’s what you need to know to find the best home insurance in South Lake Tahoe, California.

Best home insurance companies in South Lake Tahoe

You have a number of solid home insurance companies to choose from in South Lake Tahoe. The best home insurance company for your property will depend on your unique needs and budget as a homeowner. Here are three of the best companies to help you get started.

Best company for low premiums: Allstate

Best company for wildfire defense: Chubb

Best company for military members: Armed Forces Insurance Exchange

Cheapest home insurance companies in South Lake Tahoe

The cheapest home insurance company in South Lake Tahoe is Allstate. But another insurer may offer you a cheaper policy based on details like your home value, the coverage limits you choose, and your claims history. So it’s important to shop around.

Below is a table of the cheapest home insurance companies for South Lake Tahoe homeowners. The average annual premiums below reflect costs for a policy with $300,000 in dwelling coverage and a $1,000 deductible.

How much is home insurance in South Lake Tahoe?

In South Lake Tahoe, California, the average cost of homeowners insurance with $300,000 in dwelling coverage is $1,845 per year with a $1,000 deductible and $1,924 per year with a $500 deductible.

But these are just averages. The rate you pay depends on the insurance company, details about your home, and your claims history.

Cost of home insurance by dwelling coverage in California

Dwelling coverage is one of the main types of home insurance, and it covers the structure of your home.1 A higher level of dwelling coverage will lead to higher premiums. Generally, a higher-value home requires more coverage than a more affordable one.

Here’s a look at the average cost of home insurance in California by dwelling coverage limit for a policy with a $1,000 deductible.

Cost of homeowners insurance by deductible amount

Homeowners policies typically have a deductible, which is the amount you pay out of pocket when filing an insurance claim. Common deductibles for home insurance are $500 and $1,000, though you may have different options at some companies. Having a higher deductible usually results in lower premiums.2

Compare average annual premiums by deductible amount for a home insurance policy with $300,000 in dwelling coverage below.

Average cost of home insurance in other cities in California

Home insurance rates can vary between cities, ZIP codes, and even neighborhoods because of the different levels of risk. For example, one neighborhood could have higher home insurance premiums because of higher crime rates in the area.

Fortunately, South Lake Tahoe has affordable insurance rates compared to other cities in California.

Below, you can compare average annual premiums for different California cities. The average annual premiums reflect costs for home insurance policies with $300,000 in dwelling coverage and a $1,000 deductible.

What to know about owning a home in South Lake Tahoe

If you want to buy a home in South Lake Tahoe, you should understand some of the factors in the city that can affect homeownership and home insurance costs: