Best cheap homeowners insurance in Chula Vista

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Chula Vista, California, is the second-largest city in San Diego County. Although it has a population of almost 272,000 residents, many of the neighborhoods have a small-town feel. Homeownership is high (58.2%) despite the relatively expensive median property values of $532,700. The average annual home insurance Chula Vista cost is $939 per year for a $250,000 dwelling. However, $250,000 dwellings are hard to come by in the city, so expect your home insurance premiums to be higher.

Fortunately, there are ways to find cheap home insurance Chula Vista rates. The home insurance company you choose and the discounts available may make a significant impact on your home insurance rates.

Best cheap home insurance companies Chula Vista

We analyzed home insurance rates for over a dozen carriers and narrowed them down to the cheapest home insurance companies based on a combination of low premiums and high customer satisfaction ratings. The following five companies have the best annual home insurance Chula Vista rates.

Home insurance company Average annual premium for $250K dwelling J.D. Power customer satisfaction score
USAA $489 889/1,000
Mercury $529 Not rated
Travelers $603 803/1,000
Progressive $702 797/1,000

USAA

The San Diego area has the largest concentration of military personnel in the country. Veterans, military personnel and eligible family members have access to USAA, the top insurance carrier in Chula Vista for cheap car insurance and highly-rated customer service. Homeowners insurance premiums cost roughly $40 per month for $250,000 in coverage that includes replacement cost insurance for no additional cost. In addition, USAA offers earthquake and flood insurance add-ons to protect you financially in case of a major event.

Learn more: USAA Insurance review

Mercury

If you are unable to qualify for USAA membership, the second-cheapest homeowners insurance Chula Vista carrier on average is California-based Mercury Insurance. The carrier’s home insurance coverage is inexpensive but comprehensive. Mercury also offers several options which may be worth adding, such as home cyber protection, service line coverage and home systems protection.

Learn more: Mercury Insurance review

Travelers

Travelers insurance is best for homeowners in search of savings on basic coverage to splurge on options. Travelers has many unique home insurance options to choose from — replacement cost coverage, water backup, jewelry riders and green coverage that reimburses for eco-friendly materials and items.

In addition, remote workers currently working from home will find that Travelers covers repairs or replacement or repair of work equipment such as computers and smaller electronic devices. You can add business owner’s coverage to include other business-related items such as machines and inventory.

Learn more: Travelers Insurance review

Progressive

Progressive Insurance closes out the list of best cheap homeowners insurance Chula Vista has. It is the most expensive on average of all five, but rates can be lower if you qualify for the number of discounts the carrier offers. The most significant savings may be bundling home and renters insurance. According to Progressive, you could save an average of 5% to 20% on car and home insurance. In addition, you will only be responsible for one deductible if an occurrence causes a home and car insurance claim.

Learn more: Progressive Insurance review

Chula Vista home insurance recommendations

Although home insurance is not required if you own your home free and clear, it is a cheap way to financially protect yourself from a costly event. Think about how much you would have to pay to replace your electronics and belongings if they were lost in a fire or stolen. The cost of rebuilding your house from the ground up may make the $500 to $600 annual premium for home insurance may start to look far more affordable. Besides basic homeowners insurance, the following coverages would be beneficial for Chula Vista residents:

  • Personal property rider: Home insurance sets limits on coverage for higher-value items such as jewelry, antiques, collectibles and guns. A personal property rider provides dedicated coverage for your more expensive belongings.
  • Earthquake insurance: California is at risk for earthquakes, which could cause structural and property damage. Unfortunately, a standard HO-3 does not include earthquakes. You may be able to purchase coverage through your carrier or the California Earthquake Authority.
  • Replacement value: Buying replacement value coverage will make replacing lost or damaged items easier. You will be allowed to buy a new version of items instead of receiving a lower price for the depreciated value of your items based on their age and condition.

Home insurance discounts in Chula Vista

Insurance companies typically have half a dozen car insurance discounts or more. In most cases, you can take advantage of multiple discounts for maximum savings. Chula Vista homeowners should look into the following:

  • Military discount: Although USAA specializes in insurance for military personnel, many carriers also offer discounts if you ask.
  • Multiline or bundling: Most Southern California homeowners own at least one vehicle. Purchasing car and home insurance from the same insurance provider can help you save on your premiums.
  • Fire resistance: The recent wildfires were devastating to the state. Many insurance companies encourage policyholders to take measures to create a safer home environment, such as cutting back brush and overgrown trees. In addition, fire-resistant home materials could earn you a home insurance discount.

Frequently asked questions

What is the best home insurance company?

No one company is best for every person. Chula Vista homeowners should consider getting quotes from several providers and compare options to see which best suits their needs.

How much does home insurance in Chula Vista cost?

Bankrate’s analysis of home insurance rates found that the average home insurance rate is $939 per year for a $250,000 dwelling. However, you may be able to beat the average by choosing the cheapest carrier and taking advantage of the discounts offered.

How much home insurance do I need in Chula Vista?

California does not require homeowners to have home insurance. However, mortgage holders must have coverage to comply with the terms the lender set. The standard level of coverage required is an HO-3 policy for the value of rebuilding your property.

Methodology

Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on 40-year-old male and female homeowners with a clean claim history, good credit and the following coverage limits:

  • Coverage A, Dwelling: $250,000
  • Coverage B, Other Structures: $25,000
  • Coverage C, Personal Property: $125,000
  • Coverage D, Loss of Use: $50,000
  • Coverage E, Liability: $300,000
  • Coverage F, Medical Payments: $1,000

The homeowners also have a $1,000 deductible and a separate wind and hail deductible (if required).

These are sample rates and should be used for comparative purposes only. Your quotes may be different.

Written by
Cynthia Paez Bowman
Personal Finance Contributor
Cynthia Paez Bowman is a finance and business journalist who has been featured in Bankrate, Business Jet Traveler, MSN, CheatSheet.com, Freshome.com and TheSimpleDollar.com. She regularly travels to Africa and the Middle East to consult with women’s NGOs about small business development and works with select startups and women-owned businesses to provide growth and visibility.
Edited by
Insurance Editor