Rates & Premiums
CEA is committed to offering customers competitive rates
CEA rates are based on science, not profit. We use the best science available to determine competitive earthquake insurance rates.
- We are not-for-profit, publicly managed, and privately funded. Our Governing Board of elected state officials ensures our rates are as low as possible while remaining fiscally sound.
Frequently asked questions about rates and premiums
Q: How much does a CEA policy cost?
A: The minimum annual premium for CEA's standard Homeowners and Homeowners Choice mobilehome policies is $45. Different factors determine your policyholder's premium, such as:
- The earthquake risk where they live
- The value of their insured mobilehome
- The policy coverages and deductibles they choose
Use our Premium Calculator to get a policy estimate for your customer.
Q: Are mobilehome owners eligible for a retrofit discount?
A: Yes. A CEA policyholder may be eligible for up to a 23 percent Hazard Reduction Premium Discount on their mobilehome policy premium if they have one of the following:
- Earthquake Resistant Bracing System (ERBS) that will hold a mobilehome in place in its upright position during an earthquake.
- Earthquake resistant foundation system: A foundation built on-site that includes supports and piers capable of transferring all weight loads to the ground without failing. Constructed of concrete, metal, treated lumber or wood, or masonry, which are often placed below grade.
In order to qualify for and receive the discount, policyholders who have installed an ERBS or an approved foundation system must provide to their CEA participating insurer a copy of a final inspection report that verifies:
- Prior issuance of a building permit, and
- That the system and installation meet California Department of Housing and Community Development certification or the local jurisdiction’s building-inspection requirements.
Q: How does CEA’s deductible work?
A: Policyholders do not have to write a check to the CEA before they get payment on a claim. The deductible is subtracted from the covered damage, and we pay the policyholder the difference. The deductible does not have to be paid up front before we pay a policyholders claim. Remember, all claim payments are handled through your insurance company's adjuster.
Q: Is CEA financially sound?
A: Yes. CEA has a claim-paying capacity of more than $13 billion. That means, even if the 1906 San Francisco earthquake or 1994 Northridge earthquake struck again, CEA would be able to pay all its claims. Plus:
- CEA has an A– (Excellent) rating from A.M. Best Co.
- CEA is privately funded and receives no money from California’s state budget—a state budget deficit or delay has no impact on our ability to pay claims.