San Francisco, CA Homeowners Insurance

Finding Homeowners Insurance in San Francisco, California

You might know San Francisco for its trolleys, hilly neighborhood streets, Fisherman’s Wharf, and the tour of Alcatraz. But don’t forget about the amazing redwood forests, scenic open space, and tourist-worthy wildlife. Its residents know better than anyone: there’s a lot of magic to be found in San Francisco.

But living in San Francisco has its drawbacks, too. Few can forget the devastating 1989 San Francisco Earthquake, a 6.9 on the Richter scale that caused $5 billion in damages. Earthquakes and potential wildfires can make San Francisco homeowners insurance more expensive than other California cities. Find out how to save more on your coverage.

San Francisco Home Insurance Costs

On average, San Francisco homeowners insurance costs $1,604 a year with Kin. That’s about 82 percent cheaper than Allstate and 18 percent cheaper than Travelers.

Take a look for yourself in the chart below.

Average San Francisco Home Insurance Premiums by Company

Kin Allstate Travelers
$1,604 $2,928 $1,889

Your costs may vary depending on where you live, your home’s construction and safety features, the coverages you choose, and more. Learn about all the factors that impact the cost of homeowners insurance.

What San Francisco Home Insurance Covers

Our homeowners insurance is an HO3 policy – the right mix of affordable and robust coverage. Every policy includes:

  • Replacement cost dwelling coverage: Pays to repair or rebuild the structure of your home (think: roof, ceiling, walls, etc.).
  • Other structures coverage: Pays to replace detached structures on your property, like garages, sheds, and fences.
  • Personal property coverage: Replaces your belongings, like your furniture, appliances, electronics, clothing, and more.
  • Loss of use coverage: Pays for your living expenses when a claim keeps you from home.
  • Personal liability coverage: Pays legal expenses when someone sues you over bodily harm or property damage.
  • Medical payments coverage: Pays medical bills when guests have small injuries at your home.

You can also customize your policy with endorsements to make sure your policy fits your lifestyle.

Major Risks for San Francisco Homeowners

Every homeowners insurance policy covers fires, vandalism, wind damage, and theft. Considering San Francisco has a relatively high property crime rate (64 per 1,000 residents experience a crime), that coverage may come in handy. But San Francisco homeowners also need to be prepared for wildfires, flooding, and earthquake damage.

San Francisco Wildfire Coverage

A devastating drought has plagued California since 2000, making the entire state extra susceptible to wildfires. As the forests dry out, dead trees and ground cover provide plenty of fuel when met with the smallest spark. Those who live in wildfire zones may have a very hard time finding insurance as more insurance companies refuse to write these areas.

All our policies include wildfire insurance, which covers damage to your home, other structures, and belongings caused by wildfires.

San Francisco Flood Insurance

With water edges on the ocean and bay, San Francisco has some real flood risk despite its hilly terrain. Standard home insurance policies don’t include coverage for damage caused by storm surges and rising sea levels, but you can add on flood insurance if you live near these areas.

San Francisco Earthquake Insurance

In 1989, San Francisco experienced a 6.9 magnitude earthquake. It damaged homes, office buildings, and even the Golden Gate Bridge. Total damages exceeded $5 billion with 67 fatalities and more than 3,000 injured during the 15-second quake. The USGS anticipates there is a 72 percent chance of another major quake in the area in the next 20 years.

Tips for Keeping San Francisco Home Insurance Costs Low

San Francisco is already a pretty expensive place to live, so you don’t want to pay more than you have to on your home insurance. We make it easy for you to save more with our discounts for:

  • Smart home safety and security devices.
  • Secure communities.
  • Electronic policies.
  • Ember resistant venting.
  • Annual brush removal contract.
  • LEED-certified homes.
  • New homebuyers.

On top of these discounts, homeowners who have a claim-free history get an easy discount. You can also adjust your deductible to lower your premiums. Just make sure you never take on a deductible that you can’t comfortably cover when it’s time to file a claim.


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