Best homeowners insurance in San Francisco

Your guide to the best homeowners insurance companies in San Francisco, the cost of coverage by ZIP code, and special considerations for San Francisco homeowners.

Pat Howard 1600

Pat Howard

Published October 31, 2019

Homeowners insurance is important and lender-required protection for your home, your personal property, and your combined assets in the event your property is damaged or you’re sued because of an accident. If you’re one of the nearly 150,000 San Francisco residents who owns a home, you’ll want to make sure you have a good homeowners insurance policy with a reputable company.

Keep reading for our guide to the best homeowners insurance in San Francisco, and check out our California homeowners insurance guide for more information about insuring your home in the Golden State.

The best homeowners insurance companies in San Francisco

Low insurance premiums are certainly an appealing reason to select a particular insurer over another, but it shouldn’t be the only reason. There are a number of other factors you should consider to ensure you’re getting the best deal for the coverage you’re paying for.

When comparing companies, pay special attention to their financial strength, how they handle claims, the number of discounts they offer, and how robust their standard policy offerings are. You may find that State Farm is 25% cheaper than, say, Nationwide, but if your home is in an area at high risk of storm damage or burglary and you find Nationwide’s coverage to be superior, it may be worth going with the slightly pricier policy.

Using quoting data collected from Policygenius users, we determined the cheapest homeowners insurance company in the San Francisco area is Hippo and Stillwater with an average annual premium of around $825. MetLife had the highest rates, with an average annual premium of $2,575.

Insurance companyAverage annual premium
Hippo$825
MetLife$2,575
Nationwide$1,500
Stillwater$825
Safeco$1,125
Travelers1,550

Methodology: Average annual premium for each insurance company was calculated using Policygenius quoting data.

San Francisco homeowners insurance prices by ZIP code

When determining your homeowners insurance premium, companies factor in your coverage amounts, the makeup, build and age of your home, your credit score, and where your home is located.

The cheapest region for homeowners insurance in San Francisco amongst the areas we researched was the 94115 ZIP code with a $725 average annual premium. The 94122 ZIP code had the highest rates, with a $2,075 average annual premium for $250,000 of coverage.

ZIP codeAverage annual premium
94109$950
94110$1,500
94112$975
94115$725
94116$775
94117$1,650
94122$2,075
94124$1,600
94127$1,475
94131$1,000

Methodology: Average annual premium for each ZIP code was calculated using Policygenius quoting data.

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San Francisco homeowners insurance rates by coverage amount

Your coverage amounts are directly impacted by how much coverage you have. Your home’s insured value or dwelling coverage amount should be equal to the rebuild cost of the home. Your home’s rebuild cost is determined by a number of factors—namely, its square footage, exterior and interior build, and the cost of construction in your area. Your dwelling coverage should not reflect the home’s real estate value or assessed value.

Here is the average rate for three different coverage levels for a home in San Francisco.

Coverage amountAverage annual premium
$400,000$1,575
$500,000$2,400
$1,000,000$3,275

Methodology: Average annual premium for each coverage amount was calculated using Policygenius quoting data.

Special considerations for San Francisco residents

Earthquakes and other natural disasters

Homeowners insurance doesn’t cover earthquake damage, but it may be possible to add an earthquake coverage endorsement onto your policy for an additional premium. The amount you pay for earthquake coverage depends on whether or not your home is in a seismic hazard zone. If you’re unable to get earthquake coverage through your home insurer, you can get coverage through the California Earthquake Authority or a company that specializes in earthquake insurance.

Property crime

In addition to protecting your home against bad weather and natural disasters, homeowners insurance also covers you from man-made loss like theft and arson.

San Francisco has one of the highest property crime rates among major cities in the country, averaging around 5,500 reported offenses per 100,000 residents annually—more than double the national average.

When setting up your policy, pay close attention to the portion of your coverage that reimburses you for damage or theft of personal belongings. Certain items—like jewelry, furs, art, and instruments—are only covered up to a certain limit for theft losses and may need additional coverage depending on their value.

Homeowners insurance resources for San Francisco residents

Policygenius’ editorial content is not written by an insurance agent. It’s intended for informational purposes and should not be considered legal or financial advice. Consult a professional to learn what financial products are right for you.