Jane Dotson
AAA is one of the nation's largest home and auto insurance providers, and it offers a range of coverage options and discounts for homeowners insurance. The rates vary depending on factors such as home location and value, with some states offering cheaper rates than others. AAA homeowners insurance may be a good option for those who are already members and can access additional perks, but it's important to compare quotes from multiple companies to find the best deal.
| Characteristics | Values |
|---|---|
| Average Annual Rate | $3,116 |
| Average Monthly Rate | $260 |
| Average Annual Rate in California | $1,185 |
| Average Annual Rate in Michigan | $1,904 |
| Average Annual Rate with $300,000 in dwelling coverage | $1,949 |
| Discount for smoke detector | 15% |
| Discount for home alarm | 15% |
| Discount for new home | Up to 40% |
| Discount for hail-resistant roof | Up to 35% |
| Discount for new home renovations | Up to 23% |
| Discount for retirees | Up to 10% |
| Discount for no claims in 3 years | Up to 13% |
| Membership Required | Yes |
| Membership Benefits | Roadside assistance, travel discounts, and other perks |
| Coverage Options | Dwelling, personal liability, personal property, valuable items, equipment breakdown, flood, earthquake, rideshare |
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What You'll Learn
Discounts for bundling, smoke detectors, new homes, and more
AAA is one of the nation's largest home and auto insurance providers. The company offers several discounts for bundling, new homes, and safety systems, which can help lower your insurance costs.
Bundling Discounts
Bundling your homeowners policy with your car insurance can often result in discounts on both policies. AAA offers bundling discounts in some states, so be sure to check with your local agent to see if this option is available in your area.
New Home Discounts
Some insurance carriers offer discounts specifically for "new homes." The definition of a "new home" can vary, but many insurers consider a home "new" if it was built within the past 10 years. This discount is based on the assumption that newer homes are up-to-code and less likely to experience issues common in older homes.
Safety System Discounts
Installing safety and security features in your home can also lead to significant discounts. AAA Insurance policyholders in California can receive a 5% discount for having residential sprinklers and centrally monitored fire alarms or burglar alarms. These safety systems not only protect your home and belongings but also increase your chances of surviving a fire or other emergency.
In addition to the above, other factors that can impact your AAA homeowners insurance rate include your location, the age of your home, the condition of your plumbing and electrical systems, and the number of people living in your home. It is always a good idea to compare quotes from multiple companies and review your policy periodically to ensure you are getting the best rates and coverage for your needs.
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Coverage for personal property, liability, and valuables
AAA Home Insurance offers protection for your home, personal property, liability, and valuables. The coverage options available to you may depend on your state.
Dwelling coverage, also known as hazard insurance, protects the physical structure of your home, including damage from fires, hailstorms, lightning, smoke, vandalism, or frozen pipes. It also covers other structures on your property that aren't connected to your home, such as fences, sheds, swimming pools, or detached garages. It is recommended that you purchase enough dwelling coverage to rebuild your home in the event of a total loss.
Personal property coverage reimburses you for damage to your belongings, such as clothing, furniture, and portable electronics, in the event of a covered loss. For example, if a water pipe bursts or a fire damages your home, personal property coverage can help cover the cost of repairing or replacing your damaged belongings.
Liability coverage is also included in AAA Home Insurance. This protects you financially if someone is injured on your property and sues you to pay their medical expenses.
Additionally, AAA offers optional add-ons to cover valuables and big-ticket items, as well as specific types of coverage like earthquake insurance and flood insurance.
It is worth noting that AAA offers certain coverage options in some states that it does not offer in others. For example, in Michigan, Minnesota, and a dozen other states, AAA offers rideshare coverage, which covers you while you wait for pickups with your rideshare app turned on. AAA also offers accident forgiveness in these states, which protects you from a rate increase after an at-fault accident.
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Membership benefits and requirements
AAA is one of the nation's largest home and auto insurance providers, and it is well-known for its roadside assistance. AAA offers a range of insurance products, including homeowners insurance, and membership can provide several benefits and requirements.
Membership Benefits
AAA offers various benefits to its members who are seeking homeowners insurance. Firstly, AAA provides comprehensive coverage for homeowners, protecting their homes, personal property, liability, and more. This includes dwelling coverage, which reimburses policyholders for the costs of repairing or rebuilding their homes in the event of disasters such as fires, lightning, smoke, vandalism, theft, water damage, wind, and more. Additionally, AAA's homeowners insurance covers other structures on the property that are not connected to the home, such as fences, sheds, and detached garages. Personal property coverage is also included, reimbursing policyholders for damaged or lost belongings due to events like fire or water pipe bursts.
AAA also offers several opportunities for savings and discounts. Members can save by bundling their homeowners insurance with other policies, such as car insurance. Protective devices like smoke detectors and burglar alarms can also result in additional discounts. AAA provides various discounts and savings opportunities that vary by state and eligibility requirements.
In certain states, AAA offers unique coverage options. For example, in California, AAA provides earthquake insurance, which includes dwelling coverage, personal property coverage, and additional living expenses coverage in the event of an earthquake. Similarly, in Michigan, AAA offers rideshare coverage, which fills a gap in coverage for rideshare drivers waiting for pickups with their apps turned on.
Membership Requirements
To obtain homeowners insurance through AAA, members should contact a AAA agent to discuss their specific needs and customize their insurance policy. The requirements for homeowners insurance may vary based on state-specific regulations and the individual circumstances of the member. It is recommended to compare quotes from multiple companies and consider bundling policies to maximize savings.
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Availability and restrictions by state
AAA homeowners insurance rates and availability vary by state and region. AAA is made up of more than 30 separate regional motor clubs, each of which offers its own coverage options and discounts.
For example, a homeowner in Los Angeles would get a policy through the Automobile Club of Southern California, while someone in Virginia would be insured by the CSAA Insurance Group. The Auto Club of SoCal operates in all or part of the following states: Alabama, Arkansas, California, Hawaii, Illinois, Indiana, Kansas, Kentucky, Louisiana, Maine, Mississippi, Missouri, New Hampshire, New Mexico, Ohio, Pennsylvania, Texas, Vermont, Virginia, and West Virginia. The Auto Club Group sells homeowners insurance in all or part of the following states: Florida, Georgia, Illinois, Indiana, Iowa, Michigan, Minnesota, Nebraska, North Carolina, South Carolina, Tennessee, and Wisconsin.
AAA offers cheap homeowners insurance in California and Michigan. In California, its home insurance quotes average $1,185 a year, which is 6% less than the state average and 35% less than the national average. In Michigan, AAA charges $1,904 a year, or 23% less than the state average.
In July 2023, AAA limited coverage in Florida, announcing it would nonrenew auto, home, and umbrella policies for some customers, citing devastating hurricanes and high reinsurance rates. AAA still writes new insurance policies in Florida but has shifted its focus to lower-risk areas.
In addition to state-by-state variations, homeowners insurance rates can also differ within a state depending on the location. For instance, coastal homes often have higher insurance premiums than inland homes.
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Earthquake and flood insurance
AAA is one of the nation's largest home and auto insurance providers. It offers a range of insurance options, including homeowners insurance, which covers damage to your home and belongings in the event of a fire, lightning, smoke, theft, vandalism, water, wind, and more.
Homeowners insurance does not typically cover flood or earthquake damage. However, AAA offers separate flood and earthquake insurance policies to its customers. Flood insurance can be purchased as a separate policy through the National Flood Insurance Program. Earthquake insurance can also be added as an endorsement to your homeowner policy, although some restrictions apply, and not all properties are eligible for this coverage.
Earthquake insurance typically offers three main types of coverage: dwelling coverage, personal property coverage, and additional living expenses coverage. Dwelling coverage helps pay for physical or structural damage to your home and attached structures, such as fixing cracks in walls, ceilings, or foundations. Personal property coverage protects your belongings, such as furniture and electronics, if they are damaged during an earthquake. Additional living expenses coverage, also known as "loss of use," covers certain costs, such as hotel expenses, if you need to vacate your home due to earthquake damage.
Flood insurance is a smart move, especially if you live in a high-risk flood zone. It covers the damage caused by floods, including damage to the physical structure of your home and your personal belongings.
The cost of AAA homeowners insurance varies depending on the state and the specific coverage options chosen. In California, AAA's home insurance quotes average $1,185 per year, which is 6% less than the state average. In Michigan, AAA charges $1,904 per year, or 23% less than the state average.
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Frequently asked questions
The rate of AAA homeowners insurance depends on factors such as the location and value of your home, your driving history, age, and credit score.
AAA homeowners insurance covers damage to your home and belongings in the event of a fire, lightning, smoke, theft, vandalism, water damage, wind, and more. It also includes personal liability coverage and additional coverage for valuable items such as jewellery.
AAA homeowners insurance rates are generally higher than the national average. However, it offers various discounts, such as for smoke detectors, home alarms, new homes, hail-resistant roofs, and retirees, which can lower the overall cost. AAA also provides additional perks for members, including roadside assistance and travel discounts.
