Best Insurance Companies in California 2022 – A Detailed Explanation

Clicking on this link suggests that you seek information on the best auto, homeowners or health insurance companies in California. Whichever you need, you’re sure to find the best in this piece. 

It’s no longer news that the uncertainty of life breathes hot these days than in the previous years. Although you cannot do much to help matters, you can help yourself by getting insurance. 

In this piece, we have articulated the top companies you can get in California to give you the very best when it comes to insurance. 

We base our compilation on affordability, adequate insurance policies, rates and long trackable history of excellence by the insurance providers. 

So, whether you’re looking for an auto, home, life or health insurance in California, you will find the best companies below. 

For clarity, we have divided this article into sections. 

5 Best Health Insurance Companies in California

If you seek medical insurance, you will find some of the best in the USA in California. Currently, this set of insurance companies make up a huge segment of the U.S. economy. Between 2015 and 2020, records show that this sector has grown by 2.9%. 

According to ValuePenguin.com, the USA has over 900 health insurance companies that offer medical coverage.

To find the best will be quite a herculean task. In a bid to help you find the best, we have a list of best medical insurance companies in California. 

#1. Unitedhealthcare Group 

Here’s one of the health insurance providers for California residents. UnitedHealthcare covers about 48.9 million members with an annual revenue of $201.00. 

AM Best Company rates it as one of the best and it meets the affordable Care Act (ACA) requirements for essential care. 

Also, according to The Balance, it’s one of the largest insurance companies in California.

#2. Aetna 

Aetna is a healthcare insurance provider that has an annual revenue of $60.60 with over 22.1 million members. 

It’s also known as the best for Medicare Advantage in California. 

According to their website, they offer insurance in dental, vision and other health plans.

Over the years, they have received a 3.5-star rating from Insure.com.

#3. Anthem Blue Cross

This health insurance providers in California are by the Blue Cross Blue Shield Association.

Currently, it has an annual revenue of $90.00 with over 40.8 million members. 

In addition, this health insurance company is best known for nationwide coverage in California. 

And for the records, they are the largest health insurer in the state of California. 

Insure.com rates Anthem Blue Cross 4 out of 5-star ratings in their annual review of Best Health Insurance Companies. 

#4. Humana

Humana is best known for 360 degree (wrap-around) coverage. 

This health insurer in California has over 16.6 million members with an annual revenue of $53.70. 

Currently, it is the fifth-largest health insurance company by membership. But it’s the third-largest health insurance company in the nation in terms of market share.

 #5. Kaiser Permanente

Kaiser Permanente is one of California’s largest not-for-profit health insurance providers.

Currently, it has a membership of over 12 million members.

And for the records, they’re best known for HMOs.

Other top best health insurance companies in California include;

  • Cigna Health Insurance: Best for Global Coverage
  • Blue Shield of California
  • CaliforniaChoice
  • Centene/Health Net
  • Sutter Health Plus
  • Western Health Advantage

With these list above, you can get major healthcare insurance in California. But just know some may come at a price. Check out our list of cheap health insurance companies in California

Best Insurance Companies in California
Best Insurance Companies in California

5 Top Best Homeowners insurance companies in California.

Do you need a home insurance policy? 

Are you a homeowner seeking affordable home insurance rates?

The list below will take you directly to the offices of the top best homeowners insurance companies in California.

#1. Allstate

If you’re looking for a homeowner’s insurance plan, Allstate insurance company in California has some real good plans for you. 

It has the record of the best for most people. This is so because of its premiums, good service and reliability.

A home insurance from this company will cost about $1,329 per year. 

According to the National Association of Insurance Commissioners (NAIC), it has a fewer complaint rate. That means you can count on them. 

In addition to home insurance, Allstate offers auto and life insurance. 

#2. Nationwide

This home insurer is best known for great customer service in California. 

The company has the best blend of price, service and coverage options when compared to the other Californian home insurers.

Also, they have just a 0.29 complaint rate according to NAIC. 

But when it comes to cost, Nationwide has high insurance rates. You get to pay $2,003 per year. 

#3. Travelers 

Want something cheap? Go for Travelers homeowners insurance. 

Usually, their average annual price is $1,199. 

That’s 34% less than other insurance companies in California.

But keep in mind that their customer service is not great. Its NAIC complaint index is 0.87. This means it had slightly fewer complaints than average among insurance companies nationwide. 

#4. State Farm Home Insurance

This is one of the most popular homeowners insurance companies in California. Also, it’s best known for bundling. 

One of the reasons it stands as the best insurer in California, is that it offers both auto and home insurance. 

If you’re going for both home and auto insurance, the company will offer you a great discount. 

From research, you get to save around 10% on combined home and auto insurance policy.

#5. USAA

If you’re looking for the best homeowners insurance companies in California that suits the military profession, consider USAA. 

USAA is well-known for its sterling customer service. It has its unique insurance plan for military families. 

For instance, your homeowners’ personal property coverage applies worldwide. That means you get to enjoy it even in war zones. 

Also, your deductible is waived on your uniform while you’re on active duty.

However, the home insurance rate at USAA is $1,945. Also it’s only limited to those who have served in the U.S. armed forces and their families.

#6. Chubb

Chubb specializes in high-end homes. It has insurance plans that should appeal to owners of expensive homes.

So if your home is quite expensive and exotic, Chubb has the best insurance policy in California for it. 

But keep in mind that price is outrageous. And the insurance company requires you to buy a certain level of home insurance.

Besides the above mentioned list, there are other insurance companies that you can trust with your home in California. 

They include;

  • Farmers
  • Lemonade
  • Liberty Mutual

Top 4 Best Auto Insurance Companies in California

Do you need insurance for your car? Are you on the search for car insurance providers? 

It’s best you consider several aspects of auto insurance companies before making your choice.

Below, you will find a list of companies with amazing insurance policies for cars. 

After analyzing the average annual quoted premiums, provided by Quadrant Information Services, we came up with a list of best auto insurance companies in California.

If you’re looking for the customer satisfaction scores of these companies, check out the analysis made by J.D power here

Without further ado, here are the companies you can get great car insurance policies from. 

#1. Geico

Geico insurance company is not just one of the best auto insurance companies in California, it also offers the lowest average premiums. The average annual premium for your car costs about $1,615.

So, you can count on them to give you a cheap car insurance policy.

But, it might not be the best company if you are on the lookout for a highly customizable insurance policy.

According to the 2021 J.D. Power U.S. Insurance Digital Experience Study, Geico has the highest-rated digital service platform.

#2. State Farm

State Farm has an annual average premium cost of $1,943. With State Farm, your car gets the best insurance rates. 

Also, they have a slot for student discount if you have a teen driver in your household. 

However, the “not-so-good” news is that State Farm has the lowest customer satisfaction score on the list of car providers in California. 

#3. Progressive

With progressive insurance rates and plans, you get to spend just $1,808 on auto insurance. 

However, unlike State Farm that has agents all through California, Progressive Insurance Company is totally online. 

Also, they offer discounts for online quotes and purchases. 

Although, the Progressive’s digital tools could save you time, the company did not do well in the 2021 J.D. Power U.S. Insurance Shopping Study.

This means that many users are not certified with their services. 

#4. Wawanesa

If you value customer service, then Wawanesa is the best insurance company you can find. 

It’s one of the most popular auto insurance companies in California and Oregon. 

However, the sad news about getting auto insurance from this popular car insurance provider will only be valid if you remain in California. 

If you move out of state your wawanesa auto insurance will expire. 

See: 20 Most Work from Home Jobs in Canada 2021

Frequently Asked Questions About Best Insurance Companies in California. 

What’s the cost of insurance in California?

The cost of insurance policies will depend on many factors. 

Such factors that influence it will include;

  • Type of insurance company
  • Kind of insurance
  • Insurance plan
  • Who is insured.  

However, the average cost of home insurance in California is $2,179 per year. 

While California homeowners insurance cost around $1068 per year in 2018. 

This report is according to the Insurance Information Institute. 

Which Company Has The Most Affordable Health Insurance in California?

In California, the cheapest health insurance company is Kaiser Permanente.

What are the Factors To Consider When Choosing An Insurance Company in California?

Here are the criteria to keep in mind when considering an auto, health, homeowners or life insurance company;

  • Financial strength
  • Customer service ratings
  • Claims service
  • Plan prices
  • Policy offerings
  • Coverage benefits
  • Provider choices. 

If you do not find a valid track record on the above mentioned criteria, kindly seek another insurance company.

Conclusion

We trust this article answered your question on the best insurance companies you can get in California.

Kindly note that it’s best you go to the ones that will do the job as well as fulfill your budget. 

Good luck in your search. 

References

  • https://jclis.com/health-insurance/top-5-health-insurance-companies/ 
  • https://www.valuepenguin.com/best-cheap-homeowners-insurance-california 
  • https://www.bankrate.com/insurance/car/california/ 
  • https://www.thisoldhouse.com/platform/amp/home-finances/21419675/homeowners-insurance-california 
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