How much is Flood Insurance in California?

Get an instant flood insurance quote online and see how much money you can save! FloodPrice.com is pleased to work with some of the nation's largest private flood insurers to provide you with coverage you can trust. Our quick quote tool assesses rates from numerous carriers in seconds to get you the best coverage for the lowest price. 

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What's the average cost on Flood Insurance in California?

The average cost per policy in California through the NFIP is $915.79. Depending on where you live, this average could vary substantially! Premiums can change depending on your deductibles, the cost of your home and contents inside your home. The top 10 most populated cities in California are listed below with their average cost per policy through the NFIP. If you're interested in a quote for a private flood insurance policy to compare costs, we offer a 100% online quote process.

Average Costs through the NFIP

City
Average Cost per Policy
Los Angeles
$743.28
San Diego
$1,180.93
San Jose
$903.18
San Francisco
$684.02
Fresno
$943.76
Sacramento
$528.54
Long Beach
$1,221.99
Oakland
$1,035.90
Bakersfield
$587.30
Anaheim
$909.25

Prices as of March, 2022.

How do I save money on Flood Insurance in California?

You may be able to save by getting a quote for private flood insurance instead of going through the NFIP. This is an entirely online process, no need to wait for a callback or an email! Once you've received your quote, compare it to what you'd pay through the NFIP. But don't just compare the costs, check what's covered by the NFIP so that if you try to submit a claim, you're not caught off-guard by what is, and isn't, covered.

 

The cost of a claim can be expensive, most are financially devastated after experiencing a flood if they don't have coverage. The average NFIP claim for flood damage in California over the past 10 years is $20,100.

Do I need flood insurance in California?

90 percent of all natural disasters in the U.S. involve some type of flooding. California happens to have a lot of high-risk flood zones! Even if you're are not directly inside a flood zone, doesn't mean that you are NOT at risk for flooding.

 

Find out if you're in a flood zone! Enter your address in our FEMA Flood Zone Lookup tool.

Risk Rating 2.0 Pricing in California.

FEMA's flood program through the NFIP has begun using a new pricing methodology, Risk Rating 2.0. This will result in a price change for 96% of policyholders. This will impact nearly all of the 215,000 NFIP policies in force in California.

New NFIP Policyholders can expect to see these changes October 1st, 2021. If you're an existing policyholder, these rate changes won't affect you until April 1st, 2022.

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If you already have a policy through the NFIP, be sure to compare the Risk Rating 2.0 price to a Private Flood Insurance quote. You could possibly save hundreds of dollars. The time to start comparing prices on your flood insurance is before your policy is set to renews.

 

The NFIP does not allow mid-term cancellations. This means that once your policy renews, you have no option to cancel it unless you meet very restrictive guidelines, such as the sale of your home. The process can be difficult and frustrating. Here is a link to the guidelines to cancel an NFIP policy mid-term: FEMA Cancellation Form.

What is not covered by the NFIP?

Debris removal, additional living expenses, and belongings located in your basement, aren't covered. You would be required to purchase a secondary policy to cover appurtenant structures, such as a detached garage or shed. Visit their website to see everything that is, or isn't, covered by the NFIP.

If you'd like to be free from these limitations and have more options for coverage, consider getting flood insurance from FloodPrice,

Does my homeowners insurance cover flooding?

Homeowner's insurance generally excludes flood coverage. Obtaining a flood insurance policy is typically left up to the homeowner. If you're looking to get a policy, we offer a 100% online process. You can get a quote started here!

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Need help from a Flood Expert? Call us at 866-503-5663

*63% of NFIP policy holders in California (135,640 policies) will see an average increase of $0-$120 per year. 6% of policyholders (13,560 policies) will see an increase of $120-$240 per year. 3% of policyholders (8,116 policies) will see an increase of greater than $240 per year.

Source: https://www.fema.gov/sites/default/files/documents/fema_california-state-profile_03-2021.pdf

 
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